Speaker 1: Hey, folks, welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward
Speaker 1: on your weight and to please sit that subscribe button
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Speaker 1: comment below. If you're listening on a podcast platform such
Speaker 1: as Spotify or Apple, please leave a five star rating
Speaker 1: and review. Folks, I'm sure many of you are looking
Speaker 1: at the price charts and seeing bitcoin dump today. It
Speaker 1: actually touched ninety ak and you may say, Tony, I
Speaker 1: remember you talking about ninety ak, and it's what I've
Speaker 1: been sharing in the live streams in my newsletter that
Speaker 1: bitcoin was heading from the overbought zone, which we hit
Speaker 1: when bitcoin touch one hundred and twelve thousand, and it's
Speaker 1: been on its way down to the over soul zone.
Speaker 1: This is just the market cycles playing out. Nothing unusual here. Now.
Speaker 1: I know there is a macro uncertainty out there with
Speaker 1: war and so forth, but aside from the news right,
Speaker 1: the chart is still holding up and it's still the
Speaker 1: cyclical pattern playing out here, so there's nothing unusual. It
Speaker 1: wasn't like, oh, all of a sudden, the market's crashed
Speaker 1: because of war. No, the markets have been on the
Speaker 1: way down. And yes, the war news and narrative comes in,
Speaker 1: and then you see the price starts to tumble. Right,
Speaker 1: It just almost makes it happen faster than it maybe
Speaker 1: it would have played out. So the daily RSI is
Speaker 1: still showing us on the way down to oversoul. And
Speaker 1: right now the daily RSI is about thirty eight, so
Speaker 1: we're near that oversoul zone. And you may say, but Tony,
Speaker 1: there's war, who's going to invest? Well, unfortunately, guys. Unfortunately
Speaker 1: we've seen historical patterns with macro uncertainty, with wars, pandemic
Speaker 1: and much more. They don't trigger a bear market. It
Speaker 1: all goes back, is global liquidity rising. Are we still
Speaker 1: in a bull market? Because those factors actually outweigh what's
Speaker 1: happening in the world. Remember the people who are going
Speaker 1: nuts about Russia, your the bull market's not going to happen.
Speaker 1: Look what's happening Russia, Ukraine, blah blah blah. And then
Speaker 1: bitcoin and all coins have been going up, the stock
Speaker 1: market have been going up. Since it all goes back
Speaker 1: to are the governments and central banks pushing liquidity into
Speaker 1: the market, debasing the currency printing, right, And that's what's
Speaker 1: been going on, and we've been watching global liquidity it's
Speaker 1: been on the rise. So I anticipate Bitcoin could it
Speaker 1: could go a bit more lower, maybe ninety six K,
Speaker 1: ninety five K before we bottom out and then start
Speaker 1: moving up and we'll see how everything plays out. But guys, again,
Speaker 1: I hate war. I wish all these things were not happening,
Speaker 1: but this is the world we live in and we
Speaker 1: just got to look at the data when it comes
Speaker 1: to the charts and what's going to happen next. So
Speaker 1: with the big dump, eight hundred and seventy five million
Speaker 1: dollars liquidated from the crypto market over the past twenty
Speaker 1: four hours. Of course, all coins are bleeding out as
Speaker 1: expected because the market follows Bitcoin, and all coins are
Speaker 1: going to take a beating. But that's okay because they
Speaker 1: will have their day in the sun as Bitcoin starts rallying. Remember,
Speaker 1: Bitcoin will pump hit its overbod zone. Liquidity will rotate
Speaker 1: to the all coins and they'll start pumping. So we
Speaker 1: got to be patient here. And one good thing with
Speaker 1: bitcoin's weekly close, the bulls. According to Matthew Highland, the
Speaker 1: bitcoin bulls successfully defended the support on the close, so
Speaker 1: key support levels are still being held up here and
Speaker 1: on the weekly still looking bullish. We are still seeing
Speaker 1: green on the mag D. The weekly RSI still looks good. Right.
Speaker 1: We haven't hit that very overbought zone on the higher
Speaker 1: time frame of the weekly, so we've still got room
Speaker 1: for upside here, and the bitcoin dominance is on its
Speaker 1: way up. And here Wrecked Capital said, bitcoin dominance is
Speaker 1: just five point five percent away from revisiting that seventy
Speaker 1: one percent level for the first time since January twenty
Speaker 1: twenty one. Remember January was the blowoff top year, right,
Speaker 1: So bitcoin dominance playing out just like it did in
Speaker 1: those bullmarket years. And we got a bit of a
Speaker 1: fake out in late May where it showed that bitcoin
Speaker 1: dominance was you know, dropping significantly. But man, it's on
Speaker 1: the way up, and I think once we hit that
Speaker 1: seventy one percent zone that might take us or take
Speaker 1: bitcoin to the new all time high. And then all season,
Speaker 1: the epic all season starts. And then in conjunction, you're
Speaker 1: seeing USDT dominance on the rise, so the liquidity is
Speaker 1: going back to tether and tether they are minting a
Speaker 1: lot of USDT today. Two billion minted on June seventeenth,
Speaker 1: there was another billion minted. So we've seen this show before.
Speaker 1: How many times have I shared these data points with you, folks,
Speaker 1: And I'm not saying that to Bo's I'm just trying
Speaker 1: to help you understand the markets and what's happening. I'm
Speaker 1: trying to share it a knowledge that I've learned being
Speaker 1: here from multiple bullmarket cycles, talking to different hedge fund
Speaker 1: and VC guys, talking different analysts and traders. So I
Speaker 1: now understand a cyclical pattern. I know the metrics to
Speaker 1: look at, and that's why I'm not panicking. I'm not
Speaker 1: worrying and I don't panic sell anymore. I used to
Speaker 1: because I didn't know. I wasn't educated. But now that
Speaker 1: I'm educated about what's happening, I'm able to make money
Speaker 1: in the market. And I'm not saying I'm some Wall
Speaker 1: Street analysts or a guy who's been doing trading. I
Speaker 1: don't day trade. I simply play the macro, buy the lows,
Speaker 1: sell the highs, and go through the peaks and valleys
Speaker 1: on the way up. That's just part of it. And
Speaker 1: I look at these different metrics to valudate my thesis,
Speaker 1: to make sure it's not about my emotions and how
Speaker 1: I'm feeling, but rather what is the data telling me
Speaker 1: and folks, despite once again everything that's going on, just
Speaker 1: like Russia, Ukraine, just like March twenty twenty. Oh no,
Speaker 1: they're shutting down the world. Right, market's just pumped because
Speaker 1: notice the herd right now will be very afraid. Oh
Speaker 1: my god, everything's crashing. You're going to see the headlines
Speaker 1: as sensational headlines. Stock market crashes, this, bitcoin crashes that right,
Speaker 1: that is for the masses who are uneducated. I know
Speaker 1: that's a tough statement. A lot of people, you know,
Speaker 1: may have a knee jerk reaction saying Tony, you're you're
Speaker 1: a jerk, right, But I'm being realistic and this is
Speaker 1: how it all works, and I want you guys to
Speaker 1: understand that. And here's some more confirmation. Bitcoin whales, according
Speaker 1: to on chain data from Saniment, continue to accumulate, so
Speaker 1: they're not getting shaked out here. They are accumulating. So
Speaker 1: while it's a ten of more, Bitcoin continue to rise,
Speaker 1: so the smart money they know what's going to happen.
Speaker 1: And even macro signals like the Bitcoin pie cycle top
Speaker 1: indicator nowhere close to flashing. So we got ways to
Speaker 1: go I mentioned global liquidity earlier, Macro investor Ralph pal
Speaker 1: shared an updated global liquidity chart showing that M two
Speaker 1: is still rising globally. He says, here's the updated GMI
Speaker 1: bitcoin to M two chart. Nothing seems unusual here, but
Speaker 1: please do not expect all wiggles to match or all
Speaker 1: timing points to be exact. It's the overall contextualization that
Speaker 1: matters the most. And yes, all bleed more than Bitcoin
Speaker 1: in corrections spot on right. So he's saying, look, there's
Speaker 1: peaks and valleys on this chart. Don't expect Bitcoin to
Speaker 1: align perfectly with everything, but it's more directional. And then
Speaker 1: when you look at the chart, you see the directional
Speaker 1: pattern here. So global liquidity is a leading indicator. And
Speaker 1: look it's showing right now. Bitcoin potentially, potentially now not guaranteed,
Speaker 1: could top out at one hundred and seventy K. So
Speaker 1: let's see how this plays out, folks. It would be very,
Speaker 1: very interesting, and the markets are going to follow this
Speaker 1: despite short term volatility with news of wars and this
Speaker 1: and that and whatever pops up. Right, Just look at
Speaker 1: with the tariff uncertainty crash, what did the markets do
Speaker 1: bounce v shape recovery, even the stock market same thing, right,
Speaker 1: So guys understand how this game is played, and it
Speaker 1: has to be the long term view, the macro view,
Speaker 1: because if you're looking at the one minute chart, the hourly,
Speaker 1: the daily, you know it's going to be brutal. If
Speaker 1: you're going to go through a lot of emotions, it's
Speaker 1: a it's an emotional rollercoaster. But when you zoom out,
Speaker 1: you see how this all plays out, folks, And we're
Speaker 1: still in a bull market, and we've still still got
Speaker 1: ways to go here in this bullmarket, more upside and
Speaker 1: the different factors are showing that. Now. You know, I
Speaker 1: mentioned war, right and what we've seen historically, and Crypto
Speaker 1: Wizard did a great job breaking this down, and this
Speaker 1: is going to trigger some people. War is bullish? What
Speaker 1: if I told you war is bullish? On March twenty,
Speaker 1: two thousand and three, the Iraq War began and the
Speaker 1: SMP five hundred saw a sizeable correction. After that, it
Speaker 1: had a thirty five percent game easy endorsing war. Is
Speaker 1: he happy about war? Of course not right, nobody's happy
Speaker 1: about war? But why does war trigger this bullish activity
Speaker 1: for the bull market? Because they have to print they
Speaker 1: have to print to pay for all this. Get where
Speaker 1: do you get the money to fund these wars and
Speaker 1: so forth? Right, And I'm not just talking about the
Speaker 1: United States. This happens globally. Israel is going to have
Speaker 1: to do it to fund the war, and that's going
Speaker 1: to lead to global liquidity going up. That's why even
Speaker 1: in a war, markets rallied. And I know it seems illogical, right,
Speaker 1: why would that happen? But it's because markets still move
Speaker 1: based on war or news. They move on liquidity, and
Speaker 1: as long as governments are debasing their currency and printing,
Speaker 1: asset prices will rise. Folks. That's the fundamental knowledge and
Speaker 1: thesis you need to have in the back of your
Speaker 1: mind so that you're not panicking. You're not an emotional rollercoaster.
Speaker 1: And I know a big part of it is patience, right,
Speaker 1: You've got to be patient. That's the hard part for retail. Unfortunately,
Speaker 1: this is where a smart money beats out a lot
Speaker 1: of retail because they're more patient and educated about these metrics,
Speaker 1: so they're not in an emotional roller coaster. Oh my god.
Speaker 1: They wake up on Monday morning and the market's down,
Speaker 1: many people start selling, Oh my god, I need to sell, No,
Speaker 1: you don't. Now, if you have an emergency you need cash, obviously,
Speaker 1: you do what you got to do. But if you're
Speaker 1: just simply investing in looking to grow your wealth, you're
Speaker 1: sitting back and buying dips and let it grow. And
Speaker 1: there could be points where you take profits. Obviously where
Speaker 1: we're looking to take profits in this bull market. But
Speaker 1: the point is you shouldn't be panic selling. If you're
Speaker 1: panic selling, you're doing it wrong. So, guys, I know
Speaker 1: this is a triggering thing to talk about. War is bullish, right,
Speaker 1: but unfortunately this is the world we live in now.
Speaker 1: Moving ahead, Texas has passed their strategic Bitcoin Reserve into law, folks,
Speaker 1: so they become the third stay to do this. This
Speaker 1: is very bullish, folks. And as always, it will start
Speaker 1: with a bitcoin and then it will go to all coins.
Speaker 1: I've said that many times. We're seeing it at multiple fronts.
Speaker 1: So Dennis Porter of the Satociaction Fund, shout out to
Speaker 1: this man. I've had him on the podcast. He's responsible
Speaker 1: for a lot of these things, he said. Texas joins
Speaker 1: New Hampshire and Arizona to be the third state to
Speaker 1: pass a strategic Bitcoin reserve. Legislation into law. Just huge.
Speaker 1: I hope you see what's happening here, folks. We're seeing
Speaker 1: huge adoption globally and this technology, it will power the economy,
Speaker 1: the markets, and the government's blockchain will be used by
Speaker 1: every industry. Stable coins bitcoin as a strategic reserve in
Speaker 1: addition to all coins and much more so. Exciting times
Speaker 1: are ahead. We just got to get through the uncertainty
Speaker 1: of these things that happen, right, just like there was
Speaker 1: uncertainty with the terriffs, and then we v shape or covered.
Speaker 1: So expect volatility in the coming week and maybe weeks,
Speaker 1: and then we're going to start to bottom out and
Speaker 1: move up. It's like clockwork. And again I point you
Speaker 1: to that chart I've been sharing even in my newsletter,
Speaker 1: right and that is the RSI is just showing you
Speaker 1: what the cyclical pattern is. It is clear as day.
Speaker 1: It's textbook. So make sure you're studying this and you
Speaker 1: know what you guys can do. I'm not trying to
Speaker 1: give you homework or anything here, but you know, after
Speaker 1: you watch or listen to these podcasts, go to TradingView
Speaker 1: dot com or just go to any site that gives
Speaker 1: you investing data and go research RSI go research, mac
Speaker 1: D and all these things right under different moving averages
Speaker 1: and so forth, and even big one on the monthly
Speaker 1: still still bullish, guys. So patience is the key here, folks.
Speaker 1: That's the news. Let me know what you think. Be
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Speaker 1: and listening. I appreciate you all, and I'll talk to
Speaker 1: you all later