Speaker 1: Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward.
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Speaker 1: Let's kick it off by looking at Bitcoin, currently trading
Speaker 1: at one hundred and seventeen thousand, seven hundred and two dollars.
Speaker 1: So obviously, over the past couple of days we saw
Speaker 1: Bitcoin breakouts to new highs. Today it crossed over one
Speaker 1: hundred and eighteen thousand dollars. So everything is looking bullish here.
Speaker 1: But as I've been saying, expect volatility, and we could
Speaker 1: see Bitcoin and somebody all coins pull back and retest
Speaker 1: support levels. This is normal, this is healthy, nothing to
Speaker 1: panic about. So I want to make sure many of
Speaker 1: you are prepping your mindset around this because you will
Speaker 1: see sharp corrections. This is normal and par for the course,
Speaker 1: especially when you have very strong moves like we saw
Speaker 1: it bitcoin. So if you look at Bitcoin on the
Speaker 1: weekly chart the higher timeframe, we see that it's RSI,
Speaker 1: the Relative Strength Index still has room to go before
Speaker 1: it hits that overbought zone, and the MACD is still
Speaker 1: in green. And these are the metrics and signals we've
Speaker 1: been monitoring for months showing that the bullmarket was still intact.
Speaker 1: So this is a very good sign. Here analysts Wrecked
Speaker 1: Capital shared an updated timeline for the bullmarket using Bitcoin
Speaker 1: as the measuring stick, and he says here the bullmarket
Speaker 1: progress is ninety percent completed, so we got ten percent
Speaker 1: to go. So over the next four to five months, folks,
Speaker 1: we could see that off top, which would put us
Speaker 1: around the November in Q four. So just be prepared.
Speaker 1: And as I've been saying, if you plan to take profits,
Speaker 1: make sure you have a plan. Don't just watch the
Speaker 1: price go up. You need to know what price points
Speaker 1: you're taking the distributions at. So make sure you got
Speaker 1: that plan. Now. I know many of you are big
Speaker 1: time all coin holders. You want to know when is
Speaker 1: my all coin going to move? So the first phase
Speaker 1: is Bitcoin doing that massive strong move starts waking up
Speaker 1: the market right, pulling some all coins, and then the
Speaker 1: liquidity will start flowing throughout the large cap, small caps
Speaker 1: and medium caps as well, and here if we look
Speaker 1: at the total market cap excluding bitcoin, etherorem and stable coins,
Speaker 1: you can see we got to move here. That's all
Speaker 1: the all coins excluding bitcoin, stable coins an e theorem.
Speaker 1: That's a very good sign, folks, and that's what you
Speaker 1: want to see. I know many of you hold different
Speaker 1: all coins, you know, I have like v chain in
Speaker 1: my portfolio, h bar and many others, and we're waiting
Speaker 1: for a lot of these coins to start moving. So
Speaker 1: this is a very positive sign we're seeing here. And
Speaker 1: of course, like I said, we're in a bull market.
Speaker 1: This is the start of the next bull run. It
Speaker 1: will move in phases itself, and I believe this could
Speaker 1: be a local top. We see a correction come late August,
Speaker 1: a kind of a bottoming out in September, then the
Speaker 1: next run October into November, blow off top. That's honestly
Speaker 1: what I'm personally anticipating. Now. We have to monitor it
Speaker 1: closely to see if anything deviates right, if anything comes
Speaker 1: up that changes the timeline, for example, the tariff uncertainty
Speaker 1: crash push back the timeline for markets. Usually markets start
Speaker 1: rallying April into May and then sell and May go away,
Speaker 1: and then June and so forth we start seeing corrections
Speaker 1: instead of summer. That timeline has clearly been shifted, where
Speaker 1: now we're seeing the rally in July, and we'll take
Speaker 1: it into August early August, and then we'll have a
Speaker 1: correction as mentioned. So I hope you understand where we're
Speaker 1: at and where we're going. Now, as I mentioned, you
Speaker 1: can expect some retests and pullbacks. And here the blockchain
Speaker 1: backer put together a charge showing potential ABC corrections from
Speaker 1: this move. But it doesn't mean it's over. It's just
Speaker 1: retesting support levels and then you see another massive breakout.
Speaker 1: So please have in the back of your mind if
Speaker 1: next week Bitcoin all of a sudden goes back to
Speaker 1: test one hundred and twelve K or one hundred and
Speaker 1: thirteen whatever it is, right, and then everybody says, oh
Speaker 1: my god, that's it. No, it will be just a
Speaker 1: healthy retest, and of course the all coins may follow. Now,
Speaker 1: the other confirmation we have of this bull rally starting
Speaker 1: his Bitcoin dominance is breaking down. This is clear on
Speaker 1: the charts. You can see here the dominance has fallen
Speaker 1: from around sixty six point four percent to now sixty
Speaker 1: four point four to seven percent. So that's a positive
Speaker 1: sign for the markets or the crypto market. In addition,
Speaker 1: you got USDT tether dominance breaking down as well. It
Speaker 1: is currently at four point three eight. I expected to
Speaker 1: go below four, and a lot of this liquidity will
Speaker 1: help pump the market to higher highs. So we will
Speaker 1: continue to monitor these different metrics and signals to help
Speaker 1: us have an idea where things are going. But as
Speaker 1: I mentioned, all coins are waking up, and you just
Speaker 1: look at the XRP chart currently at two dollars and
Speaker 1: eighty cents. I think today it touch two dollars and
Speaker 1: ninety cents if I'm not mistaken. So that's a beautiful chart, man,
Speaker 1: And I'm anticipating higher highs. I will be taking profits
Speaker 1: on XRP starting at five bucks. I'm not cashing out everything.
Speaker 1: I'm gonna be laddering out, as I've stated many times
Speaker 1: over the past couple of years, as the bull market started,
Speaker 1: and I'm hoping we can get to eight, possibly nine
Speaker 1: to ten. That's not a guarantee. I'm not saying it's
Speaker 1: definitely gonna happen. I'm saying it's a probability. But you know,
Speaker 1: we don't know where the market's going to top out,
Speaker 1: so I'll start taking at five, I'll take at six, seven, eight,
Speaker 1: and start cashing out in phases. I hope you understand
Speaker 1: what I'm saying here, because no one can call the
Speaker 1: exact top now etherorem. A very good sign for the
Speaker 1: entire all coin market cap is that Etherorem is also
Speaker 1: on the move, currently just below three thousand dollars, and
Speaker 1: you can see here a nice green candle. It is
Speaker 1: back above the two hundred day moving average as well.
Speaker 1: So all great signs. And if you caught my newsletter today,
Speaker 1: and if you're not subscribe, please make sure you subscribe.
Speaker 1: It's one hundred percent free. I shared some updated charts,
Speaker 1: especially the Elliott wave analysis for the total market cap,
Speaker 1: and you can see here we are still on the rise.
Speaker 1: We still got ways to go. The macro fifth wave
Speaker 1: has not been completed yet, but you can see it
Speaker 1: will be completed as we head later into the year.
Speaker 1: In addition, the four point two three six extension on
Speaker 1: the Fibonacci model for the total market cap has not
Speaker 1: been completed as well. Now a four point two three
Speaker 1: six extension takes us to about a ten trillion dollar
Speaker 1: market cap. I don't think that's outlandish or far fetch.
Speaker 1: I think that's possible. Now is it guaranteed? Of course not,
Speaker 1: you know, maybe a top side of about nine or
Speaker 1: even eight. We'll just have to wait and see how
Speaker 1: it plays out. But based on these different charts and signals,
Speaker 1: you could potentially see that. Right. So this is where
Speaker 1: we want to form our thesis and watch it closely
Speaker 1: so we know where things are headed and we can
Speaker 1: now prepare accordingly. Now, folks, quick word from our sponsor,
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Speaker 1: Link will be in the description. Now, folks, we've been
Speaker 1: tracking bitcoin spot ETF inflows, especially black Rocks, because we've
Speaker 1: been seeing massive accumulation and incredible growth. And there's an
Speaker 1: article highlighting some of the growth spot Bitcoin ETFs see
Speaker 1: one billion dollars of inflows as ibit becomes the fastest
Speaker 1: fund to hit eighty billion dollars in assets. So we've
Speaker 1: been seeing black Rocks a bitcoin ETF outpace and breaking
Speaker 1: records of all ETFs in the history of the ETF market.
Speaker 1: We're talking all the stock ETFs, the gold ETFs. Bitcoin
Speaker 1: is breaking that and specifically ibit Blackrocks version. So what
Speaker 1: do you think is happening here, folks? It's incredible and
Speaker 1: of course we know bitcoin is hard gap there's only
Speaker 1: going to be twenty one billion many bitcoins have been lost,
Speaker 1: there's still more to be mine. So when you have
Speaker 1: this amount of buying, you have incredible supplying demand, economic
Speaker 1: explaining out here, which is impacting the price. So it's
Speaker 1: incredible that this has become the fastest traded exchange traded
Speaker 1: fund to reach eighty billion dollars and we are seeing
Speaker 1: billions entering these bigcoin ETFs. It's not just Black Rocks.
Speaker 1: There's Fidelity and Franklin, Templeton and Bitwise and many others.
Speaker 1: So incredible growth. Now here's some news around an ethereum
Speaker 1: treasury company, and that is Sharplink. We've been seeing companies
Speaker 1: doing this with bitcoin. Now they have expanded to Etheroreum,
Speaker 1: Salon and XRP. So Etheroreum Foundation sells ten thousand ether
Speaker 1: to Sharplink in first such OTC deal. The company is
Speaker 1: positioning ETH as its primary treasury reserve assets and said
Speaker 1: it plans to steak and restinke the acquired ETH, effectively
Speaker 1: removing it from circulation. So, for those of you who
Speaker 1: don't know, OTC means over the counter and that is
Speaker 1: not placed in the markets like your buying sell order.
Speaker 1: So that's why it doesn't move the market. So this
Speaker 1: is essentially for example, if you and I met in
Speaker 1: person and you said, hey, I'm going to send you
Speaker 1: ten thousand dollars, give me x amount of bitcoin, and
Speaker 1: I just send it to your wallet, that transaction is
Speaker 1: not captured on the open market. It doesn't affect the
Speaker 1: buying or selling and so forth. And OTC is how
Speaker 1: a lot of institutionals buy their coins. That's why sometimes
Speaker 1: you hear, hey, these guys are buying, and people are like,
Speaker 1: why didn't move the market, Well, they bought it OTC
Speaker 1: and sometimes they buy very small increments where you can't
Speaker 1: even know what's happening. Michael Saylor said they've done that
Speaker 1: in the past with micro Strategy buying because he didn't
Speaker 1: want to move the market, so they bought like very
Speaker 1: small increments and they'll do one thousand transactions, right, so
Speaker 1: no one can tell who bought it or what's happening.
Speaker 1: It just looks like a normal thing. But this is
Speaker 1: incredible what Sharplink is doing. And that's a lot of
Speaker 1: ETH they bought. Man, incredible. It looks like it's a
Speaker 1: twenty five point seven million dollar OTC deal and this
Speaker 1: is I think the largest ETH treasury company, and their
Speaker 1: ticker symbol, because they're a publicly traded company is s
Speaker 1: BET SBET, and they're going to be staking somebody's eat.
Speaker 1: So that's incredible stuff. Here's another example. What a Salana
Speaker 1: treasury company, so sol Nastak listed firm secures two hundred
Speaker 1: million dollars in financing with over one hundred and fifty
Speaker 1: million tied to Salana treasury strategy. So you Pexi, a
Speaker 1: Tampa based consumer brands company listed on NASDAC, announced Friday
Speaker 1: it has secured approximately two hundred million dollars in new
Speaker 1: financing through a combination of equity and convertible new offerings.
Speaker 1: A portion of the proceeds will support you Pexi's existing operations,
Speaker 1: while the rest will be used to grow its cryptocurrency
Speaker 1: treasury with a special focus on Solana. It's incredible, folks,
Speaker 1: and my hope is that this doesn't form some sort
Speaker 1: of bubble. And I'm very curious to see how these
Speaker 1: companies handle the bear market once it comes. Because even
Speaker 1: if the bear market is not as brutal as we've
Speaker 1: seen in the past, and the crypto market, you know
Speaker 1: there's going to be a pullback because we've seen markets
Speaker 1: move in cycles. They follow liquidity, So if liquidity is
Speaker 1: on its way down like it was after the Q
Speaker 1: four rally into January, the markets will follow. So these
Speaker 1: are things to keep in mind. Now, look at this
Speaker 1: Tether to discontinue USDT, which is it's stable coined on
Speaker 1: five blockchains to refocus resources. So it looks like some
Speaker 1: blockchains that may not be getting as much adoption, Tether
Speaker 1: is not supporting USDT on it anymore. And this includes
Speaker 1: omni layer Kusama, Bitcoin Cash SLP. I don't know what
Speaker 1: the hell that is. And they also halted on EOS
Speaker 1: and algorm, so this makes sense. This is normal. I
Speaker 1: think you can see Circle do the same thing. That
Speaker 1: blockchains that are not getting as much adoption and there's
Speaker 1: not much you know, transactions, people are not using the
Speaker 1: USD coin on those blockchains, they're gonna you know, shut
Speaker 1: it off. So that makes sense. So there's nothing crazy
Speaker 1: here now, folks. Final item here. As many of you know,
Speaker 1: next week will be crypto week where Congress specifically the
Speaker 1: House will be voting on the stable coin bill and
Speaker 1: if that passes, it goes straight to President Trump for
Speaker 1: signatures to be put into law. And you also have
Speaker 1: the market structure which will be voted on, and the
Speaker 1: anti CBDC bill when the If those pass, they will
Speaker 1: go to the Senate. So next week is a very
Speaker 1: big week. And if you caught my interview with Congressman
Speaker 1: French Hill, who's the chairman of the House Financial Services Committee,
Speaker 1: he broke it all down. So if you haven't seen it, folks,
Speaker 1: go watch it. It's gonna be a historic week, folks.
Speaker 1: It's very significant. And man, if stable coin legislation passes
Speaker 1: and it goes to Trump, I think that could be
Speaker 1: a catalyst that sends this market bananas because I think
Speaker 1: mainstream media is going to pick up on it. You
Speaker 1: may see right away a lot of banks and folks
Speaker 1: come out and say, Okay, legislation has passed, we're ready
Speaker 1: to launch our stable coins. You'll have the media frenzy this.
Speaker 1: This could certainly be a catalyst. But you know, we'll
Speaker 1: have to wait and see. But next week will be huge.
Speaker 1: I will be tuning in. I'll bring you all the details.
Speaker 1: If there is any of the hearings that are we're
Speaker 1: able to live stream, I'll be streaming it because it's
Speaker 1: gonna be significant, especially around stable coins and As I mentioned,
Speaker 1: David Sachs had highlighted the updated timeline for the crypto
Speaker 1: market structure, and as mentioned, the market structure of passed
Speaker 1: and the House goes to the Senate and they have
Speaker 1: a September timeline. So I hope you see how this
Speaker 1: major catalyst, the market structure, is a much more bigger
Speaker 1: and influential bill than the stable cooined bill going towards
Speaker 1: Q late Q three right the start of the next
Speaker 1: final blow off top see the timing of these things, right,
Speaker 1: It's very interesting. These are things I'm paying attention to,
Speaker 1: and that's why I'm sharing with you, and we'll be
Speaker 1: watching closely because we're not only looking at charts. We're
Speaker 1: looking at on chain data, We're looking at the macro,
Speaker 1: we're looking at what the governments are doing. You got
Speaker 1: to look at all these factors to get a full
Speaker 1: lay of the land. You don't want to have tunnel
Speaker 1: vision for one item. You can't just look at legislation.
Speaker 1: Oh yeah, I'm gonna move with what Congress is. You
Speaker 1: can't do that, right. You can't just look at the
Speaker 1: on chain data. What are the whales doing? You can't
Speaker 1: just look at the global liquid You get to look
Speaker 1: at it all together to get an idea of where
Speaker 1: things are headed. So, folks, again, check out my interviewer
Speaker 1: Congressman Friends Shield. It's a great one and it'll give
Speaker 1: you all the details you need to know about next week. Folks,
Speaker 1: thank you so much for watching and listening. Be sure
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Speaker 1: It's one hundred percent free. Check out my book on Amazon.
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Speaker 1: course at Mycrypto course dot com. This is a comprehensive
Speaker 1: course that teaches you everything you need to know about
Speaker 1: crypto Folks. I appreciate you all and I'll talk to
Speaker 1: you all later