 What is going on ladies and gentlemen welcome to a another Bitcoin daily live stream today? Unfortunately for you guys, and I know you guys are gonna be very sad about this, but my camera is not properly working So you'll only be hearing my voice, but I do have a co-host with me And I'm sure you will prefer to see her face regardless So let me introduce her right off the rip here The Bitcoin Queen What's going on? How you doing? Hey pretty good man if you guys don't know by now Queen if you Spanish bit off of Bitcoin daily show Which has taken a hiatus? Yeah around but we're taking hiatus So I'm here contributing to the English Channel because you know, I'm down for the And here we are You're gonna get to it. So thankfully And well not thankfully unfortunately since Jay's camera is not working you get to see my Yeah Yep. Yeah, so so like you said You've been part of the of the Spanish Channel And we've had a Spanish we've been doing Spanish channel for a little while now. We did kind of take a step back on it So now we're gonna do some English Channel stuff You know, I'm trying to do a show every Monday So whenever you're available, you're obviously always welcome here And and hopefully we could get that Spanish Channel back up and running But I want to build some momentum here and then go from there Yeah, I Enjoy the Spanish Channel. I think a lot of Spanish because we do have broken Spanish You guys who don't know Miami pretty much Miami and Spanish which is Spanish, but yeah, hopefully we get our Spanish Channel wrong again There was a couple Individuals that tagging me on Twitter talking about you had like Spanish content channel So definitely come back guys if you are Hispanic or you know have Hispanic friends out there But for now enjoy the English show Yeah, 100% and and I think we might be having some sort of difficulties on the audio I don't know that audio sounds like it sounds like you're coming in and out for some reason So that's yeah, so that's another issue. We're gonna have to deal with but but yeah as we go We'll get things, you know Hopefully everything working Perfect within the next few shows, right? Yeah, exactly so right now I'm currently putting up The link for the live stream to have to get some people to join here, so I'm putting it up on Instagram and Twitter really quick and then we'll jump into Into everything else. So while I do this if you want to kind of you know Shed a little light on your background other than you know the the Spanish Bitcoin daily show How long you've been around and all that as far as cryptocurrency? All right, he's in cues. Okay guys, so I Let's I guess let's start from the beginning. So I've been in the crypto space for six seven years now approximately Who bull runs ago is when I joined just at the end of people runs ago So it's been a couple years now I was actually in school to become a doctor and then I was working as an insurance agent once upon a time and I realized Don't like the business side of the medical industry and I ended up downgrading. I found Bitcoin around that the idea Sovereign money and being able to wealth and you know because it's money seemed crazy to me from like a very young Likely and My dad actually got really sick when I was growing up. So I was kind of a hustler I would sell candy bar or just to attend a friend's key to Sierra. I would ask my mom my mother It's always very calm. I remember asking when I was like three years old about these things, you know And so the idea of you know, this new form of money always fascinated me and down that rabbit hole We went and years later here. I am I now currently do consultation for Multiple projects. I host a lot of meetups. It's actually Miami blockchain week And it was I think around this time around Miami blockchain week as there was a Miami and events this week The iconic conference, which is now called quantum used to be TNABC It's the long it was the longest running Bitcoin conference in North America, which has now rebranded to quantum Sold off by Mo Levin. It is happening this Downtown Miami and I will be hosting events and coin funds. So if you guys Do feel free to join I gave Jason a drop in and there's a web free pitch night. Oh host Happy hour all that good stuff. So That's here the crypto space will probably always be here until you know, I just too rich to mess around Yeah 100% yeah, but that's that's crazy. I didn't I didn't even know you were going to school to be a doctor. So that's pretty that's pretty I don't know, you know, it's like So this is what got me, right? There was this there was this line in one of my textbooks medical malpractice In Western medicine is the third leading cause of death. Wow in the United States And that I just stopped for a second And I thought to myself, I was like, you mean to tell me that there are more people dying from doctors making errors Then Of the diseases out there car accidents all between come Yeah, wait a second, you know, and that's just like it hit me and I was like me And then the other thing was being a pusher was the highest paying job you can get you're doing my program my health administration program and You know those two things combined and working for an insurance Yeah It just it just I couldn't I was like I got Yeah, I Hear you. I hear you trust me. I've done I've done sales jobs and I hate cold calling and all that I couldn't stand it That was that was all crazy stuff But but yeah, so let's I just tweeted out everything. I put everything on on Instagram, so let's go ahead and dive into what's been going on with crypto. What happened with crypto last week and And you know shift search. We'll talk about like we'll share some thoughts on it on you know, we'll run through an analysis By me and we'll go through the news that we have so far in the last week or so so right now We're actually we broke back above $23,000 Right now. I'm showing the chart here and we're pushing back to the high so far. The high so far is 23 402 and we're currently sitting at 23 197 so Last week's weekly candle closed at what was it 22 7 of 14? So, I mean, it's been a crazy couple of weeks, right? Last week we ended up Up 8.79 percent the week before that we're up about 22 percent So, I mean, it's it's been a crazy and and actually the week before that We also had a green week was only 3% but it was a green week So that's one two three weeks in a row and right now we're pushing for a fourth week in a row On Bitcoin's price. What what are you thinking here? Is this and this is a question that I'm getting a lot Is this a bull trap? What do you think? What are your thoughts on that? I feel like this this typically happens like in the middle of a bear market. We're about two years in where market I believe what is it 2023? Yeah, the run was 2020 2021 I feel like this this typically happens where we see an uptrend like a Is what a lot of people are also seeing but obviously those all points obviously are How much in percentage because you know Bitcoin's just Much more, right? So I think this is kind of just like regular market trends market movements If you're a trader if you're you know dollar-cost averaging in until the next bull run If you're a trader, these are the times where you know Gains matter because we've had so much hurt in the past For now of like five six seven months, maybe You know, there's been so much pain with all the and Basically took it down to like Like something like that it would 15 for 1514 somewhere on there So this is and I don't know how long it will Historically J. You tell me you're the chartmaster what? Happens around Yes, historically actually around the Bitcoin conference Bitcoin always pumps. It is January Something that just it's just repetition right everything's priced in as we say Yeah, yeah, so and and some of the people in the chat there. They're saying that the audio is cutting out I know I apologize about that I'm not sure why it's cutting out Because there's there's no reason for it to cut out. I've been trying to look while while she's been talking And yeah, I know I know it's cutting out because it's cutting out for me as well I'm not sure we were we were using discord today Yeah, the video the video is perfect. Yeah, like when I pull it when I'm pulling you up the video is perfect There's no issues with the video. It's only the audio that's in and out. I don't know why But but it's it's this this is yeah, this is the first one that we do together So we'll we'll figure these things out as we go For the next one we should have we should have everything Figured out including my camera, which by the way if you guys are just joining in my camera is not working So I'm having camera issues. She's having audio issues. We're just having all sorts of issues today But but you know what? We're gonna make it work, right? It doesn't matter what we're gonna do like Bitcoin's price And doesn't matter how many issues we have we're gonna keep pushing forward Yeah, so right now I just pulled up the yearly chart here for Bitcoin and And one of the things that there's a few different things that that I actually covered in a few of my videos recently The first one is if you go all the way back looking at the yearlies to 2014 That's that's pretty much when we had the real the first real bear market for Bitcoin and then after that We had three green years in a row And then the three green years the way that they happen is the year pre halving The year the middle year is the year of the halving which was 2016 and then the year post halving Which was 2017 which is we had when we had the crazy run-up, right? Then in 2018 what happened? We had a bear market Very red year 73% down that year and then what happened what happened in 1920 and 21? Green green green and it was the same the same setup as last time The year before that halving pre halving the year of the halving and the year post halving, right? And then after those three green years in a row, what did we get last year in 2022 a bear market down? 64% it was red ready your bear market and and so far this year We're already up 39% if we're looking back historically at how this pattern has played out This year is supposed to be a green year not saying that we're gonna have insane gains But we should end up higher than where we started the year And then next year and the year between next year and the year after that is when we should have that bull run Which is the year of the halving in 2024 and then the year post halving 2025 so that's that's kind of what I'm looking at. I'm looking at this year as a big Consolidation year where this is the perfect time to accumulate crypto Because I believe in 2024 2025 is when things will definitely start to kick in I think all the bad actors are are are slowly getting kicked out the game And and anyone who's over leveraged is pretty much out the game So I mean who else is there to sell crypto at this point by the end of the year We should see the Fed rate the interest rate hikes Stop like being hikes, you know either paused or and then in 2024 We should start eventually seeing a decrease as inflation Continues to drop And then we'll we'll start we'll we'll see a pause first for the Fed interest rate hikes And then we'll start seeing a decrease because they have to decrease the interest rates at some point and that's I imagined that will all take place beginning 2024 and From there, you know, I it lines up perfectly with the historic pattern that Bitcoin has shown here over the last eight years and it lines up with the with the halving pre halving year of the halving and post halving pattern and It lines up with the inflation data It lines up with when we're supposed to get that next boat, you know, so all the pieces of the puzzle I believe are coming together and they all start really coming together next year I think this year is a big consolidation year But I think we will still be green this year and end up on, you know Not saying we're gonna go to a new all-time higher anything, but I think we have a good year Yeah, definitely not a new all-time high this year per se That's definitely bull market activity, which I don't think we're there yet. Right. Yeah, 100% So looking at other currencies in the in the market in the last week Ethereum pretty much lagged Bitcoin a bit this lot in this last week Only up around 5% on the week in the last seven days If we look at outcoins, you see XRP popped a little bit up about 9% in the last week they've had some bullish comments from I think like the CTO and Some of the other people talking about that they think that the SEC case is Gonna should be finished and closed this year That would definitely be bullish as long as XRP is not You know considered and and I think that what's gonna happen is they're gonna come to some sort of agreement Where XRP doesn't like Ripple doesn't have to plead guilty or anything like that They they're just probably fine. Right. They have to pay X amount of money And that's gonna be a bullish ending for XRP. I think that's probably what happens, but who knows You know in crypto, you never really know We could only make guesses and then get proven wrong by the by the market Other things that were moving this week in the last week was Shiba Inu up about 15% in the last seven days I know they've had some bullish news come out with their burn rate and The what's it called the Shiba Inu What is that thing that they're that they're releasing soon? I forgot I forgot the name of it I'm not sure, but I know what you're talking about. It seems to be some ads very popular and surpassing Even like ethereum news harmonically inferred auto news. Yeah, it's like they're Their own what is it called? I can't I can't get there. They're only like layer two or something like that the shit She she but I forgot what it's called. She but terium. I don't remember right now, but but it was something like that I know Yeah, I was like like a layer They're gonna have like their own blockchain type of thing that they're working on So I know that's also what what's been helping prop up that price for Shiba We continue dropping down near protocol has had a good two weeks actually and and the what's really been going crazy The last two weeks is aptos Aptos aptos. I don't know if I'm pronouncing it properly Aptos is one of the two that came out of Facebook Libra. Yep. So it is a very you know, VC invested a forward-looking company and They are the only company that did an airdrop out of the two a lot of people are now looking towards suey to also do that airdrop a lot of people are bullish on their programming language and Pretty much It's a programming language that is designed to Solidity obviously it's technology that came out of Facebook not just some, you know, random mathematicians and a lot of smart people putting together Language so And obviously they've watched all the errors of Solidity you over so a lot of people are very interesting Yep And and you know if you if you look at here, I just pulled up the page on what is aptos It's a layer one proof of stake blockchain, right? And it's developed by like you said previous meta Aka Facebook engineer blockchain engineers So so there's there's definitely a lot behind this and that's why basically in the last two weeks I think it let me see in the last See if it shows me the last well the last month It's basically gone from like four dollars the beginning of the year is actually let me see it started the year off Yeah, three about 350 and now it's at 1319 so it's definitely been on a run It's definitely a project like you said with a lot of VC money and it's by like real-life engineers That have worked in places like Facebook So so that's why that's why it's been doing so good in the in the last few days So choose is Hold on quote considered to be the Solana killer, right? I think as said by some of the executives That's you know, everyone came out at the Ethereum killer if you're in killer care about here and we're gonna go So, you know taken into account all the stuff that's happened with FT Which was heavily heavily invested in Solana That that has a big contribution. Yeah, and I appreciate you holding your mic up But but the audio is still cutting out. So you don't have to if you don't Yeah, yeah, it's it's definitely something with with discord because we're running it through discord right now So so it's definitely something through through discord some sort of issue through discord that we having well Send a message to discord. Yeah, we'll get we'll get it figured out It's probably because I haven't paid for the for the nitro Whatever discord version. So they're like, you know what? I'm gonna mess up your audio for not using it So, yeah, so that's pretty much the top performer in the last week as let's take a look at the economic calendar here And that's one thing that I forgot to pull up But I already know what what it is Then the next big event that we're gonna be seeing that will impact market prices is going to be Next week actually so it's very soon. It's going to be on Wednesday of next week Which will be February 1st or the fact the 1st of February depending what country you're from you're gonna Put the date differently, right? So yeah, so next Wednesday, I think what? What's the market is expecting right now is for for a 50 50 basis points Hike again or or lower than that So I'm not sure what the consensus is since I don't have the page pulled up But it's it's gonna be you know 50 basis points or lower is what's expected so lower would be 25 basis points And we did get good news on the inflation data, so I'm pretty much expecting the same thing The way that the market will probably react as long as if it's below 50 basis points Things are gonna definitely start to rocket it to go up. We'll see like a big move up Maybe something similar to when the inflation data came out Like, you know anywhere between it could be something between like five to ten percent move If it's let's say 25 basis points at 50, then it could kind of be both ways There's definitely gonna be volatility and then they'll probably be waiting on Jerome Powell to speak you know how he speaks half an hour after and And then he kind of gives an overview on why and what they're they're thinking and then you know price will move Dependent on that so so that's what I'm thinking. I don't know. Are you leaning? Do you have a lean or some inside info in either direction? so I've been keeping up with all the stuff that's been happening in the gas markets the energy markets We've been seeing lots of tech companies cut lots of jobs Google cut ten thousand Microsoft cut ten thousand Facebook, you know all the way down the line It's a little predictable what's happening people are you know, they're going to the supermarkets and eggs wealth right now You know the eggs are you know the statute of well whatever's going Yes No, it's it's the housing market hasn't surprisingly most people thought it was gonna go down by now Okay, like hot spots like obviously if you're somewhere in Illinois is like if you're here somewhere like mine There's there's a lot of factors that's playing into the economy right now There's also a lot of talk about there was a US not ally that was Pretty much going to Russia for oil. They're like hey us Oil is too expensive. We got a vibe So things are starting to take a turn. I don't see I don't see when this war is gonna be over If you guys don't know, we're still sending money to the Ukraine. Yeah, we're still paying money out of our pockets and Pretty much anything that people pay in like federal income tax, that's what that funds that kind of stuff so The government needs money they need to keep I Guess the dollar at a certain level And those interest rates are what pump that Even though inflation quote-unquote Has gone down which I think in supermarkets and in consumer products. It's just catching up as we've seen with these eggs a Couple of things right I we're playing catch up right now and I Don't I don't see I don't I we might go up. I think we're gonna go up to be honest I don't think we're gonna go down. There's just there's too much Spending I'm sure right now. I think job Which is surprising to me if well because they haven't taken to account all over 20,000 people are out of a job right now From these recent job cuts within the past like two three weeks That wasn't taken into consideration. Those people need now to apply for There's a lot of factors are will probably Come out February 1st that affects We've been going a positive dark. I think we might turn around In a negative direction to be honest with you Okay, yeah, I mean, I mean yeah, there's definitely and another thing that people have to keep an eye on is is The COVID that you know the pandemic from from what I've been seeing It's still raging in China And China stopped releasing its COVID cases and numbers and COVID deaths and all that So we we really have zero information on what's going on in that part of the world Crypto makes me bullish because that means the dollar is weakening. That's how I see it Yeah, it goes running. That means the other side of the market is probably not Yeah, right. Yeah, so so that's what we have to watch out for And more immediately this week. I mean next week. I'm sorry The Fed interest rate decisions that's coming February 1st on Wednesday. So that's usually at 2 p.m Eastern Standard Time So be ready for that if you're invested or trading or anything like that Prepare for volatility. I can't tell you in which direction But prepare because there should be some some movement on that day Um, let's go over to the news. So, uh, the main breaking story last week Was this right here, which was Genesis claims. Well, Genesis filed for bankruptcy So that was the biggest story and uh, they had basically 5.1 billion in liabilities Um, it is one of the reports that came out Um, but they they definitely did file and this is something that that I spoke about That we had to watch out for because this could be another Uh, similar to FTX where there's um contagion Spreading because there's so many different people connected to Genesis If you don't know if you don't know Genesis, it's owned basically by DCG If you don't know what DCG is That they're the ones who run the grayscale Investment fund. So anybody that's buying and selling crypto Base they own a lot They they only they they own this website that i'm on right now coin desk. This is owned by DCG Um, so so DCG is a very big player and this was one of their their this was their lending business Um, and they owed so much money. They they had to file for bankrupt. Um, and I think And the other ones didn't have enough liquidity to pay and help Keep Genesis afloat. Yep. Just just uh for some insight there Yep, so so they filed for bankruptcy and they lost hundreds of millions of dollars In I think in FTX and three Arrows capital Which obviously affected them And uh, and they owe Another big crypto company Gemini they owe Gemini almost a billion dollars So now, uh, the Winklevoss twins are like going after DCG and Genesis and um, and all that What's his name? Uh, Barry Silver. So, uh, that's a whole other thing, right? But so I mean, I don't think It it says because because Gemini going down will be huge Right in the space. I think Gemini is is a very very big exchange. Um But so so we have to Go down per per se. I know Gemini face trouble with the sec because of Earn their lending program, right, right? They are looking at some issues there potentially Uh, which you know, it's it's like 50 50x. I don't I don't know the intricacies in the way that the program is set up but For them to be facing prosecution and lenders, you know, Celsius and walk fine all these other guys Um, you know functioning for so long with relatives Hey, give us your crypto, uh, we'll, you know, We'll give it to you and you're gonna earn interest It's the same thing that, um, Gemini Uh, Coinbase did it for a very short period of time before I think also the sec said hey stock that Um, yeah, but they're they're facing a little scrutiny and hopefully they can get it together because, um It's not cheap to be important. Yeah, and and the crazy the crazy thing is Bitcoin's price the crypto market did not care about any of this news Um, I know a lot of people say that it was already priced in Um, but yeah crypto did not care bitcoin continued moving up. Um, I actually think on The day that the news came out. So I think it came out maybe on thursday friday Um, yeah, yeah, and bitcoin was like, oh, they're filing for bankruptcy. Perfect. Let me pump and and it basically went from 20,000 up to pretty much where it's at right now sitting around 22,800 Like a lot of the bitcoin like, you know bitcoin maxis, uh, they love this They're like, yeah, not your keys. Not your coins. Yeah through you if you didn't, you know deposit and anything Yeah, so it's quite funny. Yeah Yeah, it's it's it's been wild. So so that's something that we're watching now. Um, and we need to keep a close eye on See if there's any contagion effects from this bankruptcy. See how it affects because they I know they were dealing with a lot of institutional money Um, so see see how it affects these these big companies these big institutional players And if it'll have it could have a ripple effect on the crypto market So, um, definitely something that we're watching for um Another thing in the news is cardano that came out. I think it was today that that it happened um, the network actually went down when, uh over 50 percent Of the nodes of the network were affected But the network was automatically solved within minutes So I think it happened yesterday or this morning or something like that Yeah, it happened, uh, late like early this morning like like 1 a.m. Pretty much or into yesterday depending on what times when you're in right Uh, but pretty much the cardano network the nodes went down. Um, see this often happened with salon The flip side of this is that a cardano Almost immediately within minutes. Um, pretty much went back online because the nodes restart automatically Yeah, uh, and there was a lot of devs on top of you know, what was going on. Um, so, you know, no no issues there That could be a major issue You know, let's say 50 years from now if if this tech is still around and has developed But hopefully that stuff doesn't happen. Um when more of the world is depending on these networks Yeah, so so that that you can see here. I have a picture of the dip in the nodes Um, and how it pretty much instantly jumped right back up And and what looked like back to normal. So, um, so yeah, so so that's something that that happened earlier today, um What else do we got in these today? We have the ethereum, uh, the shanghai upgrade is Getting closer closer and closer. What's going on with that? It's closer, but some of the port developers are In disagreement As to what should happen and when it should roll out For those of you guys who don't know, uh, the shanghai update baked on 2.0, which is the uh state version, um beacon chain of ethereum Proof of the state, um, and people could stake all the way back in 2020 actually, I think it was December 2020 People have been able to un-stake that money Pretty much, uh, you still can un-stake that money and that's the purpose of the shanghai update Now a lot some of the developers are like, hey, let's do this and then some of them are saying I don't think this is ready. I think we should think about the long-term health of the net cause issues That we don't know yet So there's a little bit of rebuttal there. It was supposed to set to launch in March So just, you know, less than two months a month in a week from now, uh, sometime in march But it doesn't seem like everyone's on the same page personally Guys, you know, if you are staking on the ethereum network and you know, they are okay And it's probably better to wait And make sure that ethereum is not going to disappear. It's not going to go off in the ether, right? um, and we're gonna just destroy the longevity of the network, uh, because It is extremely risky to change consensus mechanisms From for for work to proof of stake in the first place that is like you're supposed to build a blockchain to Do one forever. It's not you're not supposed to update them like right like that's abnormal, right? um, and if Half of the devs are like, no, we shouldn't do this I really don't know why the other devs are you know going along with it. Maybe they have Driven motives to go out, you know go ahead with it But you know in my We shouldn't then, you know, probably stand off. Uh, what do you think jay? Yeah, um I I think like like like you said like yeah, I think if you're In if you have your ethereum states, I mean you should just just let it do its thing for now Like there should be no reason that you that you're even For a couple years just just just forget about it. Right. Yeah. Just just just leave it Forget about it. Your future self is going to thank you And in a couple years just you know, uh, just leave it and I think most the majority of people knew that It was gonna be stuck for for a while Right, they they didn't know for how long exactly, but I don't think there was ever given Any any exact date on when they could get their ethereum out. So, um, you know, I I I know that some people Were were expecting it earlier, but I mean it's you know, it's a long-term investment And I think most people knew that when you were when they were doing that it was for long-term purposes Um, just leave it in there. Let's make sure that everything is good. There's no reason to rush things um So, yeah, I'm just hoping that that everything works out well because ethereum is one of my favorite projects, um You know in in the crypto space So, uh, and I have I have high hopes. I think everybody does for it in in this net in the next couple years. So, um, Yeah, it's it's very very big. It's it's obviously the second biggest in market cap Um, so, you know something bad happening in theorem is just as bad as if something bad happened in bitcoin It's gonna affect the entire market So, um, something something we definitely got to keep an eye on um Ignore it, you know Technically the entire If you feared him goes down like the whole thing just I don't know guys. We might have to go home. Yeah We we got to go back. We got to go back till working at mcdonald's. Um, yeah All right, so, uh, what's uh, what's the update with ftx? I know a lot of people are wondering about that Oh ftx saying bankman freed. Oh, oh, you know what? So I was in the bahamas next last week And uh, I was in nasa. Oh really? I was like Yeah, I was and I was like, oh man. Where is ftx? He has two condos in nasa. Uh, one of them was the infamous sex slave house that he had with all the employees 300 million dollar condo The other one was very near to where I was and I went to go I went to go check it out. Um and It was the most basic condo. I've ever seen Uh, and it's uh, it's almost one million dollars. It's a two million dollar But it was like 10 stories big wasn't very big. Um, but property in bahamas is actually really expensive Uh, after going there and seeing exactly what I had never been to the After going there and seeing You know how everything was looking I understand why people go do business there and use it It is legitimately a tax shelter Uh for You know countless amounts of businesses around the world. Um, you guys are Seashell companies. Sorry seashell companies and you know, send stuff overseas to reduce taxation And that was very very apparent You know, quote-unquote Two three million dollar condo One of you know ftx is escape properties. That was his escape Pretty much. So if he's not at the office slash Luxurious condo. He's at this smaller condo. Um, that's in cable vehicle and yeah, it was it was cute It was like, okay. Well, this is this is nice Back home But yeah, anyways, so if you guys haven't been up to which I'm wondering now that We didn't really hear much about that to about the 300 million dollar Now he's I think he's still in Palo Alto. I believe I saw a bit boy the Investigative reporter in front of his parents house in Palo Alto, California I was like, okay, don't get arrested um, but yeah You guys have been keeping up a week ago Maybe less so sam had tweeted out saying um that the new Is paying his running his lip service and now he's thinking that ftx might be okay to In operations. Uh, now sam has always claimed that ftx us is solvent We haven't necessarily seen anything besides the new chief executive coming out Saying that he's open to restart including That it could be solvent What we did see is that the fed seized over 700 million dollars of assets from mr. Sammy, uh, including Robinhood stocks that were in fact in ftx um, a digital market assets name, um, as well as Multiple accounts bank accounts, um, some with you know, almost 100 Some with 7 million like Of money Which was, you know, very sloppy again sloppy hand And we're handling your book. Um, you know, god knows what's on there. Uh, in addition the new the, uh, new Hat has come out regarding Some of ftx is charitable work, right? So sam bankman freed had an aunt in broward county, florida who was a political advisor And one of the things that they had set out to do was to Scholars to students who participated in a shark tank like, uh, hackathon, um, you know, they would And they would pitch them, uh, and they would, you know, With a scholarship if they were the winning students and spend the scholarship Because of everything that's happening 1.3 million dollars has been awarded But they're Kind of seeing, you know, are we actually going to get this money because they never received it They were they were told that they were going to get this money when they go to college It's january, uh, some of these students they'll they're they're going to graduate Three four months from now, uh, and probably not get those scholarships. Uh, so that is the newest, uh, I guess Disappointment we've seen, um from ftx. It is sad because some of these students they were awarded like $15,000 each Um, and 1.3 million has been awarded. Uh, that's like an entire high school class or two of senior students So it's a little disappointing. Yeah, that's crazy. I hope those students get that figured out because you know, that does suck Yeah, that's crazy. I also I also saw that, um That there are like three men like crashed into his parents house or something like that That they've been trying to get inside. Yeah And that they they said that they they'll be back or something like that that they're gonna get inside his house I don't know. It's been it's been a crazy few months for for him for sure No, I think there was a sign in front of his house like There Yeah That's wild All right. So, um, the last thing, uh, you wanted to talk about the Miami blockchain week Tell us tell us a little bit about that. Yeah, so I mentioned some of that at the beginning of Yet, um, so pretty much, uh, Miami blockchain week, which is I think where me and j Had met each other. It was around Miami blockchain Yeah, basically it's a point in time where Miami Miami had be first A longest running conference in north america the north american bitcoin con Especially where ethereum launched. Um, and there was another there was an exchange that had let's say So anyways, uh, very historical conference, um recently sold off and you know, it's a fun week if if anybody is within I'll be hosting two events. So, uh, again, that is going to be an avalanche meetup with point fund and there is also going to be a Web three pitch night, which is also going to be fun. Um, there's tons and tons and tons of other Now is the time to come and have fun in Miami Or if you are here come out and play. So, uh, yeah, I think bozzle and Well, I'm going to say there's three events now bozzle Bitcoin Miami, which the bitcoin conference has basically just It's like Miami is our home base. They used to be San Francisco, I believe. Um, and now Miami blockchain week. Those are the three Miami blockchain week is also So all the hacker houses are going to start popping up midweek, uh, here in Miami. So I think there's a solana hacker. Let me see. There's there's a bunch of them. I actually have Gee jay, I'll I'll drop in the chat actually because I am Yeah, uh, I'll drop in the chat for anyone who's interested in looking at all the events, but there is a solana hacker house Um, there's a near hacker there is It looks like a space eyes hacker house. I'm not sure what that is In ar loft. Um, yeah, just a lot of stuff. So it's going to be a fun week And uh, it looks like there's a cosmos one too. It seems so Yeah, I'm gonna drop a link in the chat. If anyone's interested check it out. It's a fun week. Good tech week in Miami Yeah, that definitely sounds like good times. It's a good way to network And I know you're you're not only the bitcoin queen, but you're the queen of networking um, especially down here in Miami. So, um Yeah, I know you always you always got all the latest updates on what's going on with that. So that's good to add Um in here All right. So the the last thing that we want to do well real quick I want to kind of go over and we already spoke about it a little bit, but I want to go over Kind of what I'm watching here on the charts This week And then um, we'll do some q&a if you guys Are here make sure to say what's up in the in the chat And any questions that you guys want answered in the q&a make sure to drop it in the chat And we're gonna run through some of those questions after I take a look here at the chart And make sure to smash that like button. Don't forget guys subscribe to the channel smash the like button And so and turn on that notification bell so that you guys are notified as soon as we post up these new videos We're doing new videos. We're doing these live streams now every monday. We're going to be doing Trading strategies. We're gonna be doing all sorts of stuff. So make sure you guys do not miss out on those things Because you might miss out on becoming crypto rich, right? Well guys, what I can say is that there are Which was complicated you had to Think and run a note Very entry They haven't done anything. They haven't released anything. Um, they're looking at two other Chains, I think there was one with a t at our put in my research and Give you guys all the info Only on big point daily Yes, for sure for sure And I i'm trying to lip read some of the stuff because since you're going in and out I've been trying to to do some lip reading on what you're saying Because if if it almost feels like discord is doing it on purpose whenever you're gonna say like the important part That's when it takes out your audio is like, oh by the way very important And then you just kind of it just goes silent and and it's like So you don't want to miss it like you come back at the end of it. So it's it's actually real interesting when your audio is cutting out But um But anyways, let's let's take a look here at the chart. Um, let's start off here at the daily and um What we can see here if we if we go we kind of zoom out and uh, I always like to start At the on the bigger and and we we actually started out at the yearly candles earlier earlier this live stream If you guys missed that make sure to go back to the beginning Where we spoke about uh the yearly candles here and what i'm kind of seeing there Now we're going to take a look here at the weekly And if we kind of zoom out a bit to when this drop really started You can see uh, let's Let's actually take that out. Let's i'm gonna just kind of draw a line And it's going to be a very crooked line, but i'm doing my best um, that was a Basically a dynamic resistance. Uh, that was basically like taking us down there And you can see that we've clearly now broken above that resistance which played a role um at the Previous all-time high it played a role back in uh march of march april of last year before we began a huge drop to the downside And we hit it again back in uh, august of last year right before we hit september pretty much And you know in september we dropped down again And then of course in november when we got the news for ftx We were actually at the same exact resistance line Um, so it was like that that resistance line anytime we touched it like really bad news came out and The good news is that we have now broken above that line So that's uh some good news here on the bigger timeframes um, and then the other thing, uh, I actually have a video releasing on it Um this week on on wednesday is and is something we spoke about last week is the hash ribbon indicator Um, it has marked a buy signal here on the weekly time frame and daily time frames um, and uh, if you want more more in depth on Exactly what the hash ribbon is How the buy signal is generated it's generated through three stages, uh the hash rate the um The moment the uh I always get stuck on this word capitulation It's because it has to do with hash rate right hash rate has to do with the miners So, um minor capitulation, uh the end of minor capitulation is the second stage Which you get this green dot here and then the final ingredient needed for that buy signal to trigger is momentum in the bitcoin price And that's why like you'll see here, um, we had capitulation We had the end of capitulation, but we never had momentum in the bitcoin price So it never we never got a buy signal there Um, so this time around we did get a buy signal because all three of them kind of came together Gave that buy signal and if you go back on history on how that's done And again, I go through all of this in the video that i'm dropping on wednesday You'll see that it's set that out of 10 signals 7 out of 10 times it's marked, uh the macro bottom for bitcoin's price and 10 out of 10 times Um, the price has initially gone up after a buy signal So, um, I mean there's no guarantees in crypto, obviously So always do your own research always be prepared for the worst But it is something else to kind of keep in mind And keep an eye on So so that's the other thing that i'm looking at And then uh, if we kind of go here to the daily We'll see that we've had a lot of green candles a lot We actually had a run of one two three four five six seven a week straight of green Then last week we consolidated a bit and at the end of the week on thursday friday We ran up friday was the biggest day there Almost eight percent move up on friday, uh, and then of course, you know over the weekend some more consolidation and um, and I think now probably this week we see more consolidation and Uh, I think we see consolidation probably until wednesday, maybe of uh next week When is when the uh fed interest rate meeting and announcement comes it happens So, um, I don't know if you see another Really like a big move Until then or at least leading up until then I think Leading up until then we're going to get news in both directions So, you know depending how the overall market is feeling Then that's the way we're going to go and then once once they hit I think we're going to get some volatility Again, it's hard to to try to guess in the direction. So I don't I try to stay away from making those guesses Um, but it's just kind of what we're looking at this week going into next week as well um, right now the the resistance and Support lines here that we're going to be watching Is uh, as you guys can see right here 23 000 a big whole number, right? Those are always resistance lines if you go back in the in the history of of these, uh, the price of bitcoin You'll see that the same exact price has played a role multiple times if you just keep kind of going back You see here is a resistance here played a support for all all throughout that time here Then again here. It was another resistance. So, um, it's going to be a little bit of of a resistance there at 23 Which we're seeing there. Uh, so I'm expecting us to continue Consolidating here beyond 23 25 is that next big number that bitcoin really likes to kind of stick around You can see again. We saw some uh play as a resistance up here multiple times So 23 to through 25 I think is that next big resistance that we need to break above If we break above that then we kind of have a clear path to like that 27 28 range Um, so that's kind of what we're watching on the upside now on the downside Um, we're going to see we have minor uh support here at 22 and 21 The big support is obviously 20 000. Um, it's just it's not only a previous all-time high It's a big whole number and it's actually if we we spoke about this one last week Um, that's what we have a cme gap there So, um a cme gap, of course is when the futures market closes and the bitcoin price Moves right in in either up or down doesn't really matter the direction Um, what matters is that when the cme the futures trading opens again on monday Then there's a gap right then entire whatever happened on saturday and sunday is missing from the futures And the reason that's important is because gaps are usually filled not always filled But usually filled within, uh, two to three weeks if not on the same day So, um, if it's it wasn't obviously it wasn't filled the last week So we still have that gap and that gap is sitting literally right on 20 000. I think the the gap is $19,995 So the reason that's important to know is because if we get any type of price movement back down Um, that's something that traders are going to be targeting And when they start targeting that what they do they start putting buy orders at the cme gap So once it gets filled right then they the price sometimes will pump back up because that's where all the traders All the day traders are putting their buy orders. So that's why it's important to note that And that adds on to all the other things with 20 000 already being a big support there Um, and that that's pretty much it that's pretty much what i'm watching for this week Going into next week and next week. We'll talk a little bit more about Um, what to expect from the interest rate decision How the price might react and we we should be seeing reactions already by next monday Um, but i want to i want to jump into uh, some q and a's. So if we have any questions, you guys could drop it in the chat If not, um me and the bitcoin queen will keep kind of chatting for for a few minutes here We're already at the hour mark. We actually just hit it. Um, so i i want to and i spoke about this last week So i want to ask you And i actually asked so i asked this question on twitter and on And on youtube on youtube the answer was so the question is Is the bitcoin bottom in right and there's probably a question everybody's asking right now i'm wondering on youtube The results were was no 61 percent of people said no the bitcoin bottom was not in on um On twitter. I think it was a similar result. I want to say let me see. I'm trying to pull up the uh, the tweet now Let's see where is it But i i'm pretty sure it was a very similar result. I think yeah, so we got 46 percent said no 31 percent said yes 22 percent people just wanted to see the results right so if you add in at least uh half of those 22 percent it pretty much puts us back at 60 percent of people saying no that the bitcoin bottom is not in um, and and i think i asked on instagram as well and it was similar so Now the question to you Bitcoin queen Is the bitcoin bottom in what are what are your thoughts and opinion on that? That's a that's a tough call. Um Feel like we're in i feel like the bottom is in Uh, it's 2023 How we still have two more years don't we? oof What do the charts say? Let's look at the charts. Look at the charts Yeah, so so like yeah, so we actually looked at it in the in the beginning when we looked at it um, I I spoke about that pattern Where we have one red year and then three green years and it's usually the pre halving year of the halving post halving Uh, are there three green years? So this year would be pre halving the pre halving year So That would mean I don't I just don't see us going any lower. I know a lot of people are talking They really don't think we're gonna go any lower. Um, it seems so farfetch Yeah, it's it's tough. It's just In my opinion, there there there goes three People are betting on those gaps. I'm like, man I think there was one what there was uh one at 12 And somewhere else where was the other one? Yeah, there there there's been gaps at like 12 There's another gap at like seven or eight thousand, you know um, and like like I said like so I spoke about it last last week, um About the gaps and and I said there's people that missed out on the previous boring Because they're waiting on gaps to be filled right gaps don't are not always filled So the best way to do it for long-term positions like don't you you don't buy or sell crypto long-term dependent on gaps Um, the best thing that you can ever do is daughter cost average, you know, and I think we say this all the time Um, and and it's it's honestly is the best thing you can do because the reality of the situation is We have zero idea. We have zero clue. What is going to happen tomorrow, right? Um Yeah, maybe tomorrow the gap gets filled But what if it doesn't if you're if you're waiting on the gap to get filled to buy for a long-term position You're you might stay on the sidelines for the next bull run Um, so the best thing you can do dollar cost average dollar cost average dollar cost average, right? We talk about this literally all the time Um, and it's absolutely and it's for a reason. It's because it's true Um, we can't like anybody that tells you they know exactly what's going to happen in the market in the future They're lying to you. So I wouldn't I already wouldn't even be listening to anybody that says anything like that I I what I try to do is I try to look at pieces of the puzzle try to put the puzzle together and then give you an A perspective on the different scenarios that we could see so different things to watch out for if Depending on what bitcoins price does so um, but regardless what my overall strategy is Whenever the market the price goes down. I'm buying I buy once a week on a red day I wait for a red day. I buy on the red day um every every single week and uh, and yeah, I you know, it's gaps can get filled and uh, but when gaps are that far down like the 995 one. Yeah, that that could easily get filled like today, right and and nobody would be shocked um, but like the gaps from like two three years ago Uh under 10 000 like I can't I don't I can't see it I I do not I can't see that happening because All the major major players and crypto have basically sold So who else is there that's gonna sell billions and billions and billions of crypto to make? There's two things that you need to take into account one. Um, what's the drop from the high to that number? It's I mean for crypto to drop from 69 to seven grand That's a big jump That's that's and then how much from it from it where it is now To that lower number like if it's like a 50 60 70 80 percent Probably not. Yeah, that's a big gap to fill Yeah of people selling off. Yeah, so so yeah, so I'm I'm I'm on the same boat as you I think the bottom is in I think ftx was the bottom um of the crypto bear market um, but like I like like I'm saying like we never know right um, but like if you start trying to El Salvador came out dressed as a giant All right, so so I heard what you said about El Salvador and then the audio went out. So I don't know what the what the punchline was Oh, yeah. Yeah. Yeah. Yeah. Yeah. I saw that I saw that. Yep Yeah, um But yeah, so so right now, um, yeah, like I said, I think the bottom's in you know ftx felt like the bottom um Panic that panic felt like other Bottoms in the crypto market when the sentiment is completely against it um, we have a lot of indicators that are signaling bottoms, right? Um The the way that and then and then the the historical pattern of bitcoin Says that we should have a green year. So if we're having a green year this year We that means that we we probably we can set a new bottom Then still go back up and have a green year But most likely unless something huge catastrophic happens. I think the bottom is in Um, so that yeah, we're we're kind of on the same page on that um, so about right now is Any if any Potential regulation coming over for ethereum. Yeah um, and it's not regulation like ethereum It's regulation as ethereum is going to be dean And then follow a certain compliance and blah blah blah blah blah, right? Uh, that's actually being rumored right now um, so brian armstrong the ceo The latest rumor guys cutting edge right here. Um, so he took away his dot ethname from his profile And has had two consecutive tweets Um, bullish on bitcoin wow, so Latest latest conspiracy theory right here. And that's why uh Satoshi Nakamoto has never revealed himself because Then people start going after him right now. Like what who's the fed who are they going to go after? bitcoin like bitcoin is everybody. It's not one person. We can't go after you know what I mean, so, um That's why bitcoin was such a genius Creation have you heard the theory that aliens created bitcoin? I've heard that the u.s. Governments created big That I've heard so many so many things. Um Yeah, it's quite fine. I I I've I heard I forgot where I where I saw but I heard uh Uh a story that aliens created bitcoin because the way that it like it was so smart That had never been figured out by anyone. So alien came created it and left It's super funny. But um The big point that like, you know, is the I guess the breaking tech Tried to make digital, uh monies in the past, right? It's blockchain that kind of was like the new right, uh, you know, because no one owned it You know, it was its own So Yeah Ended that theory right and here we are. Um, but honestly if satoshi talk about so satoshi, you're right. He was smart because Came out and he You know, no questions asked even though this is something to centralize He would have went to jail. He would have got picked up by the fbr and he went to jail I mean his own like security, um or or alternative money because right Now so many times in the past tender legal You can't play against the fed Um, so yeah, no, he he knew what he was doing. Yeah, he knew what he was doing 100% Um, so we got a we got a questions from rivers here. What's going on rivers. Thank you for joining us today um, he said that um That he heard me say that I buy weekly on red days. What if there isn't one for more than a week? Do you double up? Um, so if there isn't one Usually I'll still buy at some point during the week and you know, it is what it is Even if I if I end up buying but if you go back to I think a week ago Let me see if you look at the daily here. We actually because that literally just happened, right? So we go here Uh, let's see. Wait. I'm on the wrong chart. Let me go to the regular bitcoin chart All right, so let's say Monday on last week Monday at well two weeks ago on the ninth starting on the ninth we had pretty much a week straight Of a green candle. So I didn't buy throughout this week and then I bought ended up buying here Over the weekend, right? So I bought I maybe on sunday or something like that Um is usually when I'll buy that I had a red day. Okay. I'll just buy a little bit there And it's not like I'm not buying anything huge, right? I'm not putting Huge positions. I'm just adding a little bit like I I'm happy to add 100 bucks a week if that Um on on on red days, right? And I'll add a little bit on bitcoin I'll add a little bit to ethereum and whatever other projects I'm you know, I'm stacking up on that I want to add to in my long term And then if it doesn't happen, let's say if we just had every single day was green It's fine. I'll just wait till the next the next week because eventually this happens, right? Where the price is going to go back down. So here we go the last week We had Tuesday that was red and then we had Wednesday that was red Those were two good days to buy on there Um, and you don't have to double up you can if you want like if you have A specific goal that you're setting yourself for buying or anything like that you can Uh, if you if you had if you're just holding that fund for that next week when when we had that red day You could double up that that second week Instead of buying throughout that first that week where it's just green all the time Just double up on a red day the next week like or just buy one. So it's not a big deal I think the the bigger idea is to just Consist and do it consistently every week Um on a red day like look look for a red day if there's not a red day you can buy on a green day It's not a big deal. Um, I'm just trying like what I what I set for myself is just kind of like, all right buy once a week no matter what so then Um, that's kind of my rule, right? So if I'm a buy I'm gonna look for a red day to buy on if not, then I'll just buy I'll buy on a green day It's not a big deal. Um, the idea is not it doesn't really matter too much If it's a green day because the idea is just to buy every week So that's the main idea and and I forgot to switch my screen here But the idea is to just buy every week. Um, so that's pretty much what I'm doing Like so today for example, I'm not buying today today's green Um, and I I I'm expecting some consolidation like this today. I mean like this this week So I'm gonna just wait. I'm gonna wait for a red day. I know we're gonna have a red day At some point even if it's, you know, something super small like this one is 0.33 Uh, because the idea is to just buy once a week. Um, You know, if it's a red day cool If not, either I won't buy I'll wait for the next to whenever we get the next red candle or not Doesn't really matter the idea just to be consistent. So I think that's the the biggest idea that I'm trying to get through there is consistency Yep, I agree. And with that guys, we are 15 minutes past the time of the hour. Yeah, and I want to thank you guys all for tuning in again Please subscribe to the channel if you haven't already We will have to do every Monday. Um, I do have periods of time when I travel I think I'm gonna join anyways. I'm gonna I'm gonna get a I have a pretty big camera. You set up I got like a professional Peter for traveling because I will be going to Thailand for two weeks. Wow, February About that and then um catch me at east denver for anybody who's going to eat denver For awesome. Um, it was crazy last year and I can't wait to see what it looks like this year. They changed the venue Nice, so make sure to like subscribe follow us on twitter at the btcqueen at bitcoin.daily or xdaily Yeah, bitcoin xdaily. Yeah Yeah, um, yeah, thank you for joining. Uh, I think this is this is gonna be fun, you know, um To have someone other than just myself talking and rambling on by myself Ha ha and and you bring Yeah, yeah, I know right and uh, and you bring another another part of expertise, um to it So so that's why I love I love the dynamic. Um, and uh, and yeah, uh For for those of you that had the audio issues I know we had some audio issues today and and video issues because my camera is not working Her audio is going in and out. Um because of discourse. So maybe next week Yeah, so it's all my fault. I'll take I'll take the the responsibility for it. I'll take downfall for it this week Um, but next week let's set up. Hopefully all these issues are hammered out Um, all the all the kinks are hammered out, uh next week and uh, we'll see you guys next week Thank you guys again for joining. Thank you bitcoin queen. I'll see you guys all Uh in the um the video this week on wednesday and then I'll see you on the next live stream next monday As always guys peace and love