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<v Speaker 1>Hey, everyone, Welcome into the Thinking Crypto podcast. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward.

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<v Speaker 1>On your way in. Please hit that subscribe button as

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<v Speaker 1>well as a thumbsup button and leave a comment below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Okay, folks,

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<v Speaker 1>I'm sure many of you are aware of the war

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<v Speaker 1>happening with Iran and the strikes that are happening in

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<v Speaker 1>all these things. Right, there's a whole political conversation about that,

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<v Speaker 1>and obviously we don't want to make a light of war,

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<v Speaker 1>but rather the situation is what it is. So we

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<v Speaker 1>have to talk about what is the impact on the markets,

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<v Speaker 1>because we're going to have to see how things pan

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<v Speaker 1>out next week, especially when the markets open up on Monday. Now,

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<v Speaker 1>when I say when the market's opened up on Monday,

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<v Speaker 1>i'm talking about the stock market, right, the trad fire world.

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<v Speaker 1>But crypto guys, very good side. Bitcoin held up despite

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<v Speaker 1>short term volatility. It's still held up. It's trading at

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<v Speaker 1>sixty seven thousand dollars, so we didn't have some major collapse.

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<v Speaker 1>And one of the things that this war situation could

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<v Speaker 1>do for the markets. It could further put fear out there,

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<v Speaker 1>and we've been in extreme fear. But the point is

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<v Speaker 1>it continues to add fuel to the fire from markets

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<v Speaker 1>to rally, because the market always does the opposite of

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<v Speaker 1>the herd and what the mainstream or the masses are thinking.

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<v Speaker 1>We're seeing headlines from the New York Times saying crypto

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<v Speaker 1>is useless and pointless and all these things. Right, so

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<v Speaker 1>you have these conditions that are all there for a

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<v Speaker 1>major relief rally, and that's what we've been waiting for.

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<v Speaker 1>So a good sign that Bitcoin and all coins held

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<v Speaker 1>up for the most part, because we've seen historically that

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<v Speaker 1>certain blackswan events and things along those lines could cause

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<v Speaker 1>markets to collapse. So there's no major panic here, guys.

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<v Speaker 1>For bitcoins. That's a very good sign. And the charts

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<v Speaker 1>are still telling the story here. You know. It's kind

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<v Speaker 1>of like show me the charts and I'll tell you

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<v Speaker 1>the news. Right. Well, Bitcoin is still within that range,

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<v Speaker 1>just chopping in that range, and of course the RSI

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<v Speaker 1>is moving away from the over soul zone but still

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<v Speaker 1>has room to run. The mac D on the daily

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<v Speaker 1>is in control by the bulls on the weekly, we

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<v Speaker 1>are bottoming out. You can see a green candle forming here.

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<v Speaker 1>Even though it's small. The RSI on the weekly is

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<v Speaker 1>starting to curve. It's currently in the over soul zone,

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<v Speaker 1>so it's starting to move away from that. So that's

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<v Speaker 1>a good sign. And here one analyst highlighted the following

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<v Speaker 1>chart saying Bitcoin is playing off the same five day

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<v Speaker 1>RSI regression going back to November twenty eighteen and June

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<v Speaker 1>twenty twenty two, so times in the market when we

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<v Speaker 1>saw extreme volatility and some bottoming. So this is a

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<v Speaker 1>very good sign. And again I'm not saying we're going

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<v Speaker 1>to new all time highs. I give that maybe a

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<v Speaker 1>one to two percent chance. You know, as far as probabilities,

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<v Speaker 1>there is maybe a ten percent probability that we dump lower,

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<v Speaker 1>but I believe the higher probability is a relief rally.

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<v Speaker 1>Then we roll over two lower lows. Now is that guaranteed?

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<v Speaker 1>Of course not, guys, right, that's where we're talking probabilities.

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<v Speaker 1>The people who are telling you this is exactly what's

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<v Speaker 1>going to happen, they're lying to because they don't have

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<v Speaker 1>a crystal ball. And if they can see the future,

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<v Speaker 1>please ask them for the winning lottery numbers next week,

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<v Speaker 1>so this is very good. Now, one comparison that people

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<v Speaker 1>are highlighting here and here analyst Benjamin Cohen put together

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<v Speaker 1>a chart is that the Ukraine Russia war, which was

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<v Speaker 1>announced in February twenty twenty two, bitcoin rallied had a

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<v Speaker 1>relief rally before ultimately rolling over. Now what's different this

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<v Speaker 1>time around is that we are extremely over sold. We're

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<v Speaker 1>actually at the levels that we saw with FTX in

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<v Speaker 1>the December of twenty twenty two. So it's not apples

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<v Speaker 1>to apples, but rather how did the market react, you know,

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<v Speaker 1>based on the war announcement and these things happening. And again,

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<v Speaker 1>setup is there for a relief rally, and we've been

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<v Speaker 1>talking about a move to potentially eighty to eighty five.

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<v Speaker 1>Possibly it overshoots, goes to the nineties. Some people are

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<v Speaker 1>saying one hundred and five, then rerollover. Now, some other

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<v Speaker 1>supporting metrics for this thesis is that USDT dominance, which

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<v Speaker 1>has been on the rise obviously since the market has

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<v Speaker 1>been down, staple coin liquidity has been rising, that is

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<v Speaker 1>in the overbought zone, so it looks like it's on

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<v Speaker 1>the verge of rolling over. And of course that liquidity

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<v Speaker 1>makes its way into the market, So again you have

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<v Speaker 1>some supporting data points here. And another factor is that

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<v Speaker 1>bitcoin whales have been buying it. And for the first

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<v Speaker 1>time in a long time, retail wallets have been dumping

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<v Speaker 1>and the bitcoin whales are accumulating. Now it's not anything

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<v Speaker 1>to call home about. We want to see more of

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<v Speaker 1>a disparity between these two because they're still closely aligned

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<v Speaker 1>here as far as the degree of separation, so we

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<v Speaker 1>want to see more and more of it. But I

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<v Speaker 1>think again, guys, all the factors that we want to see,

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<v Speaker 1>they are in place before. A relief rally is certainly

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<v Speaker 1>showing us a high probability, and even many different charts,

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<v Speaker 1>even like the bitcoin rainbow charts, is showing that we

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<v Speaker 1>are in the dolo cost average zone. So all these things,

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<v Speaker 1>historical metrics and much more are just screaming some sort

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<v Speaker 1>of local bottom here. A relief rally is due because

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<v Speaker 1>the masses the mainstream are in fear. Whether it be

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<v Speaker 1>because the prices are down or macro factors like the

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<v Speaker 1>Iran war, all these things are setting up for a reversal, right,

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<v Speaker 1>a counter trend move. So let's be patient and let's

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<v Speaker 1>see what the month of March brings us as far

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<v Speaker 1>as that major move. I love the chart that crypto

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<v Speaker 1>currently put together where he outlined three major bitcoin scenarios

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<v Speaker 1>saying prepare for multiple outcomes. So his base case is

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<v Speaker 1>that this is a shallow bear market, so we're not

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<v Speaker 1>going to the fifty k's or the forty k's, right,

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<v Speaker 1>but rather the sixty k's is the bottom. And there's

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<v Speaker 1>obviously tons of metrics to support that, such as extreme

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<v Speaker 1>fear touch such as the RSI touching levels that we've

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<v Speaker 1>seen in previous beer market bottoms. So I'm in agreement

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<v Speaker 1>with that, you know. I think it's a shallow bear

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<v Speaker 1>with a relief rally before we go down and test

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<v Speaker 1>some lows, but not necessarily breaking sixty K. The other

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<v Speaker 1>one is a normal beer market where we continue to

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<v Speaker 1>go down and we go touch like thirty eight k

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<v Speaker 1>or forty k, and then the low is in is

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<v Speaker 1>what he's saying. But he's saying this is unlikely where

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<v Speaker 1>this is the low and we start climbing to higher highs.

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<v Speaker 1>I don't think that's going to happen. I think even

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<v Speaker 1>if we don't go below sixty k or whatever it is,

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<v Speaker 1>we still chop sideways for a while. So again you

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<v Speaker 1>got to look at multiple scenarios because we don't have

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<v Speaker 1>a crystal ball, and we'll see how the market plays out,

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<v Speaker 1>but we want to be educated about all these things. Now.

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<v Speaker 1>Another factor here, highlighted by Matthew Hyland, is that all

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<v Speaker 1>Coin Dominance monthly has broken out, flashing signals not seen

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<v Speaker 1>since June twenty twenty. So the all coin market so depleted, right,

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<v Speaker 1>which really hurts? Right, Yeah, I mean I look at my portfolio,

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<v Speaker 1>I'm like, oh, that's brutal. But you know, I tend

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<v Speaker 1>not to look at my porfolo too much because it's

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<v Speaker 1>too depressing. But anyway, this is a very good sign

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<v Speaker 1>that it's breaking out. The MACD has slipped green, so

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<v Speaker 1>the bulls are in control. So the trend lines that

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<v Speaker 1>were used to analyze this shows a breakout, so all

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<v Speaker 1>in due time. Another macro factor, which I'm sure many

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<v Speaker 1>of you saw, is that the ISM specifically for Chicago

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<v Speaker 1>saw a move upward, a breakout upward. And we're waiting

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<v Speaker 1>for the full ISM data, which is the manufacturing data

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<v Speaker 1>on Monday, and if that follows that trend, again, just

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<v Speaker 1>more data points, more factors, right, that are piling up here,

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<v Speaker 1>setting the stage for a relief rally. So we're gonna

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<v Speaker 1>have to be patient here, guys. And you know, our

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<v Speaker 1>hope is that Bitcoin goes as high as possible, even

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<v Speaker 1>though it's not going to new all the time highs,

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<v Speaker 1>so that that liquidity hits the all coins and we

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<v Speaker 1>see somebody's alt rally, at which point I'm going to

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<v Speaker 1>take some small profits. I'm not in a position where

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<v Speaker 1>I absolutely need the money and that type of thing,

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<v Speaker 1>so I'll take some profits, I'll bitcoin some of the

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<v Speaker 1>all coins, and then I'm going to look to continue

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<v Speaker 1>to accumulate and wait for the next bull market, you know,

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<v Speaker 1>twenty twenty seven into twenty twenty eight. So this is where, guys,

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<v Speaker 1>we absolutely absolutely have to be patient, and you've got

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<v Speaker 1>to check your emotions and have the macro view. I

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<v Speaker 1>know many of us were disappointed with the last bull market.

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<v Speaker 1>I certainly was, but this is how it goes. And

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<v Speaker 1>one of the important things to keep in mind is

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<v Speaker 1>we are seeing adoption like never before. We're at the

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<v Speaker 1>cusp of getting crypto market structure legislation, and I think

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<v Speaker 1>as these on rams and infrastructure is being set up

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<v Speaker 1>by trad fi and then you get the legislation. It's

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<v Speaker 1>going to allow trillions to come into this market. So

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<v Speaker 1>the valuations of these blockchains and their native tokens, they're

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<v Speaker 1>going to skyrocket, but we got to be patient now, folks.

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<v Speaker 1>Quick word from our sponsor, and that is properties leading

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<v Speaker 1>to charge of putting real estate on chain. I'm a

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<v Speaker 1>Propy token holder, I have been since twenty eighteen. I'm

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<v Speaker 1>very bullish on this project. So they're using AI and

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<v Speaker 1>blockchain technology to disrupt the real estate process. So you

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<v Speaker 1>can buy and sell real estate on Propi's platform for cryptos.

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<v Speaker 1>If you want to sell your house a bitcoin or

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<v Speaker 1>buy a house a bitcoin, you can do that here.

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<v Speaker 1>So Propy has been around since twenty seventeen. They've facilitated

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<v Speaker 1>over five billion dollars in transactions. Legendary investor Tim Draper

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<v Speaker 1>is an investor in this company, and they use coinbase

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<v Speaker 1>for the escro service for the buy and selling. They

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<v Speaker 1>put deeds on chain. They've created NFTs for properties, and

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<v Speaker 1>they recently raised one hundred million dollars to acquire different

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<v Speaker 1>real estate companies and technologies. So again I'm bullish on

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<v Speaker 1>this project long term. I am a Propy token holder.

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<v Speaker 1>And I continue to accumulate. So if you'd like to

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<v Speaker 1>learn more about propy, go to propy dot com. Link

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<v Speaker 1>would be in the description. Folks, we continue to see

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<v Speaker 1>that on LinkedIn. These major banks are hiring crypto people.

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<v Speaker 1>So it's part of the infrastructure build out. And despite

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<v Speaker 1>the banks pushing back on stable cord legislation, they're all in. Guys.

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<v Speaker 1>They're all building, looking to launch crypto trading, launch their

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<v Speaker 1>own stable coins, tokenization custody. You know, yesterday we talked

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<v Speaker 1>about Morgan Stanley filing with the OCC to custody crypto,

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<v Speaker 1>Sofi Bank opening up Solana deposits, and Barclay's Bank, which

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<v Speaker 1>is a UK bank. They are looking to build some

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<v Speaker 1>sort of blockchain for payments and much more so, these

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<v Speaker 1>banks are all in. So here's an example. Goldman Sachs

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<v Speaker 1>is hiring someone for equity research large banks, brokers and crypto.

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<v Speaker 1>In addition, Jeffries is looking to have a equity research

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<v Speaker 1>associate crypto and digital assets. So if you're on LinkedIn,

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<v Speaker 1>go check it out, guys, go see it for yourself.

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<v Speaker 1>They're building out their divisions, they're hiring the talent and

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<v Speaker 1>they're getting ready to integrate the blockchain technology and crypto

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<v Speaker 1>as much as possible. So this is very very bullish news. Okay,

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<v Speaker 1>now this is interesting. Eleven US senators request federal probe

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<v Speaker 1>into Binance's sanctions compliance. Now there's a lot of drama

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<v Speaker 1>with Binance because of the Trump administration, Caz getting pardoned

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<v Speaker 1>and much more so. Some politics involved here, But I

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<v Speaker 1>don't know where this leads. Look, Brinnance already went through this,

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<v Speaker 1>you know where they paid their fine and all that.

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<v Speaker 1>Sez went to jail and all those things. So I

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<v Speaker 1>don't know where this leads. I don't know if this

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<v Speaker 1>is some posturing politically. But in a letter on Friday

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<v Speaker 1>to Treasury Secretary Scott Bessant and Attorney General Pam Bondi,

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<v Speaker 1>the lawmakers urged a prompt, comprehensive review of the exchange's

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<v Speaker 1>compliance controls and its adherents to settle agreements reached in

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<v Speaker 1>twenty twenty three. The senators pointed to allegations that approximately

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<v Speaker 1>one point seven billion dollars in digital assets flowed through

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<v Speaker 1>Binance to Iranian entities linked to terrorism, including groups can I,

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<v Speaker 1>to the Hutus and Islamic Revolutionary Guard Corpse. So again

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<v Speaker 1>I don't know where this goes. I don't know if

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<v Speaker 1>this is some political posturing and then you know, obviously

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<v Speaker 1>you throw in the war that's happening. So we shall see.

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<v Speaker 1>But just something you guys should be aware of. Final

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<v Speaker 1>news item Ethereum smart accounts are finally coming within a year,

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<v Speaker 1>says Vitallic Booterm. So the Etheroreum Foundation and developers are

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<v Speaker 1>certainly looking to make some big upgrades to EAT to

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<v Speaker 1>continue its usability. So Ethereum account abstraction or smart accounts

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<v Speaker 1>will be shipped with the Hagoda upgrade within a year.

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<v Speaker 1>Of Metallic booteran set on Saturday, we have been talking

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<v Speaker 1>about account abstraction ever since early twenty sixteen. He added

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<v Speaker 1>that now we finally have EIP eight one four one

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<v Speaker 1>and omnibus that wraps up and solves every remaining problem

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<v Speaker 1>that account abstraction was intended to address, plus more and

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<v Speaker 1>is slated to deploy this year. He said, Finally, after

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<v Speaker 1>a decade of research and refinement of these techniques, this

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<v Speaker 1>all looks possible to make within a year via the

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<v Speaker 1>Goota fork. So guys, many of you know I hold

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<v Speaker 1>Ethan my portfolio. It is getting incredible adoption by institutions,

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<v Speaker 1>and recently we heard about you know, Vitalics saying that, look,

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<v Speaker 1>L twos are not as important. We want to continue

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<v Speaker 1>to build out the layer one of E theorem and

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<v Speaker 1>looks I don't know how that fares for somebody's L twos.

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<v Speaker 1>I think there's too many L two's out there, but

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<v Speaker 1>that's okay. This is the free market, and eventually there

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<v Speaker 1>might be some consolidation and some may not work out,

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<v Speaker 1>but there will be L twos. I think that exists,

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<v Speaker 1>but just not the amount that we're seeing today. But ETH,

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<v Speaker 1>I believe is going to be one of the winners

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<v Speaker 1>coming out of this technology. And I think it's going

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<v Speaker 1>to continue to do well, and I'm betting on it

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<v Speaker 1>and I'm staking as well, and I hold a good

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<v Speaker 1>amount of ETH token, so looking forward to it hitting

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<v Speaker 1>new all time highs in the next ball market. Anyway, folks,

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<v Speaker 1>that's the news. Let me know what you think. Leave

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<v Speaker 1>your thoughts and comments below, hit the thumbs up button,

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<v Speaker 1>and guys, be sure to subscribe to my free email newsletter.

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<v Speaker 1>I'll be putting on a write up on Monday. You

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<v Speaker 1>don't want to miss it, especially after the big Macro

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<v Speaker 1>news with Iran and all these things and what the

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<v Speaker 1>charts are doing. I held off on writing up a

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<v Speaker 1>report yesterday just because of the news. I'm like, you

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<v Speaker 1>know what, let the dust settle and let's see how

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<v Speaker 1>the market's open on Monday, and then we can, you know,

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<v Speaker 1>go from there. So make sure you subscribe. It's one

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<v Speaker 1>hundred percent free. Link will be in a description. Be

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<v Speaker 1>sure to grab a copy of my book on Amazon.

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<v Speaker 1>It's available in paperback in digital. And be sure to

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<v Speaker 1>check out my course at mycrypto course dot com. This

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<v Speaker 1>is a comprehensive course that teaches you everything you need

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00:14:42.000 --> 00:14:45.480
<v Speaker 1>to know about crypto. Knowledge is power to expand your knowledge.

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<v Speaker 1>And all the links would be in a description. Thank

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<v Speaker 1>you so much for tuning in, folks. I appreciate you all,

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<v Speaker 1>and I'll talk to you all later