DID TRUMP JUST START THE V-SHAPED RECOVERY FOR BITCOIN & CRYPTO?

Episode Transcript
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Speaker 1 (00:04):
Hey everybody, Welcome into the Thinking Crypto Podcasts. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
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or Apple, please leave a five star rating and review. Folks,
What a crazy weekend we've had so far for the markets.

(00:27):
Of course, you all know Friday the markets crashed. They
dumped right because Donald Trump posted that he's going to
implement one hundred percent tariff on China and much more.
Right we know that. Well, today the man goes and
posts on truth social that don't worry about China, it
will all be fine. Highly respected President g just had

(00:49):
a bad moment. He doesn't want depression for his country,
and neither do I. The USA wants to help China,
not hurt it, President DJT. So what happened? The markets
started reversing, so we see bitcoins pumping. Bigcoin is over
one hundred and fifteen thousand dollars once again, the RSI

(01:10):
and the daily chart moving away from that over soul zone.
I think a lot of people who are going along
got wiped out. I mean, I'm seeing the stories people
losing lots of money. So the only way or direction
to go is up. Right, We've seen these cyclical patterns.
I've often told you it's like a pendulum. If you
go to the overbought, expect a correction. If you're in
an over sold, expect a pump. Now, I don't know

(01:30):
if we're fully out of the woods yet, right. This
is a lot of volativity, a lot of uncertainty. It's
not that the bull market's over, just in the short term.
Expect we could see fake outs right, another rollover to
test the bottoms and even go lower. I'm not saying
that's guaranteed. I'm not saying it's a certainty, but as
educated investors, we want to be prepared for all scenarios. Now,

(01:52):
many of us are spottholders. We don't use your leverage,
so we're not worried about this obviously. It's just a
matter of understanding what is coming next. And with this
move upwards, guys, we got two hundred and twenty five
million dollars, it's probably higher now of cryptos shorts getting liquidated, Guys,
stay away from leverage. Whether you're going long or short,
we're seeing both sides getting liquidated. It's a very risky game,

(02:14):
and we talked a lot about it in yesterday's podcast.
Now with this crash, though, what's interesting some people are
pulling up comparisons to the COVID crash that we saw
in March of twenty twenty. The pattern looks very similar.
So let's see could we have a V shape recovery
and a massive rally follow It's possible. We'll have to
wait and see. But some things I tweeted out about
today that I think seems to be a bullish setup,

(02:37):
both with macro factors and narratives. And one Trump essentially
backtracks or delays the China tariffs again. The US government
opens up because right now is shut down, The FED
cuts rates again, the Clarity Act gets passed in the Senate,
and the SEC approves the all coin ETFs. All of
these things could drive a massive bull market, not only

(02:59):
for crypto but the stock market as well. And speaking
of the stock market, in fact, CALSHI and other stock
market futures are showing green that they're looking to open
sharply higher come tomorrow. So let's see how things play out.
Here's what Macro investor Ralph Powell had to say about
this all said and done, regardless of what sparked it,

(03:20):
Friday was a flash crash. Flash crashes usually recover in
V shapes back to their prior price slash range and
usually go on to make new highs shortly after. In
this case, we entirely wiped out all accumulated leverage too higher. Now,
I agree with him because what we've seen in the past,
when you have huge liquidations, it's like a perfect setup

(03:41):
for a massive rally. Again, you go out through a
history and you look at when things like this have happened,
and the market does the opposite, right, So this is
very interesting. Let's see how it all plays out now
and the weekly bears are in control, you know, we're
looking at the mac D here, but a green candle
is starting to form on the weekly chart. Again, Let's
see how this week coming week plays out. But if

(04:04):
it does, you know reverse and sharply moves up. We
could see things flip where bulls grab control. But from
the higher time frame, the monthly chart. You know, yesterday
we looked at it, there was a tiny red candle
on the monthly chart, it is now flip green. And
as I've been telling you guys, the RSI is not
in the overheated overboard zone like we've seen at previous tops,

(04:26):
and the bulls are in firm control on the monthly.
So this is why you got to look at multiple timeframes.
You can't just look at one time frame, right, and
you gotta look at different data points. As it relates
to bitcoin dominance, which spiked up obviously because of you know,
all coins getting liquidated and much more and Bitcoin losing value. Well,
now that the price is starting to recover, bitcoin dominance

(04:49):
is starting to fall again. Same thing with US thet dominance.
So there's no invalidation of what we've been talking about
that these things are headed in a certain direction for
the bull market to continue and to head to a
blow off top. And when we look at the entire
market altogether, it's not just Bitcoin that's moving. So the
total market cap is up seven percent back to three

(05:09):
point nine to one trillion, The top twenty tokens on
coin market cap are up just over seven percent, so
we're starting to see some recovery here. But like I said, guys,
I know I'm saying this again I'm repeating myself, but
it could be additional volatility. You know how market makers
and whales like to play with us, right, so let's

(05:29):
be patient. Obviously, if you're in spot, you're fine. No,
none of us lost our shirts. But if you were
using leverage, well, man, you got destroyed essentially. And I
feel bad for a lot of people I see to
post on x people losing tens of thousands, hundreds of thousands,
millions of dollars and it sucks. But that's that's the
risk that comes with leverage trading. Guys. Now, I want

(05:52):
to share something here from crypto Wizard, you know, specifically
for XRP, because I shared some examples with Etheroreum yesterday.
He says, not the end capitulation doesn't mark the end.
Back in twenty seventeen, XRPT had a huge capitulation wick
six weeks later it exploded to the upside and never
looked back. It just had the same capitulation event. Can

(06:13):
it repeat? So we're seeing similar patterns here in the
charts for all coins that this flash crash capitulation is
just a tiny bullep in the radar resets. You know,
the whole system deleverages the whole system and prepares us
for maybe what could be the final run up to
a blow off top. We'll have to wait and see.

(06:35):
As I've been telling you guys, a scenario one is
the blow off top still happens in Q four, maybe
late November into December, or this spills into twenty twenty six.
That's where we're going to continue to monitor the different
data points to get an idea where we're at. Nevertheless,
I think the next local top or the blow off
to whatever it is, I'm going to start exiting the market.

(06:57):
I will let you guys know you know where am
I exiting of which coins and things like that, because
you know there's gonna be rotation of liquidity and Bitcoin
leads the market, so I'll start exiting on Bitcoin first.
So that is my plan. Now. A great crypto platform
that I'll be leveraging to buy the dips and as
well as sell some of my crypto is Uphold. Uphold

(07:19):
has over three hundred plus cryptocurrencies. I've been using them
since twenty eighteen. They also offer a staking on twenty
plus crypto assets, and folks, I've never had any issues
with Uphold. They are a great platform. They are one
hundred percent reserve, they don't commingle or lend out your
crypto funds, and you can review their transparency report that
they have on their website and folks, they also offer

(07:41):
a great rewards program where you can earn up to
five point twenty five percent on stable coins. They don't
do any shady business, they do it the right way
and part of this rewards program, if you participate, you
can get twenty four hour early access to new tokens
that they list and the stable coins they support includes Ripples,
r L, USD you can earn a five percent there

(08:01):
and USBC you can earn up to five point twenty
five percent there. And in order to participate, you simply
have to open the app once per month, deposit fifty
dollars once per month, and trade fifty dollars once per month.
So great program, easy to use, lots of benefits, and
they have a ton of other cool products and features,
so check them out. Visit the link in the description. Now, folks,

(08:22):
with all the liquidations and much more, there's been a
lot of controversy around binance, and here's the headline that
you need to know about Binance pays two hundred and
eighty three million dollars in compensation following Friday's dpegs covering
user losses. So Binance, the world's largest crypto exchange by volume,
seted compensated users by of three binance earned assets to

(08:43):
the tune of two hundred and eighty three million dollars
after Friday's volatility caused the assets to dpeg from their
intended price. Binance executives apologize to users after Friday's market
downturn apparently triggered assets in three Binance earn markets or
Athena's stable coin US. The e Binance issued Salona Liquid

(09:04):
Steak in token b N s O L and Wrapped
Beacon Liquid Steak in token w b E t h
TOO dpeg from their intended prices. Athene is us, the
e intended to be pegged to a dollar briefly fell
below sixty six cents on Binance. So there's also talks
of insider trading that somebody, I don't know if it's

(09:27):
Binance related or not, but someone open a short, you know,
like a day before Donald Trump did his post. So
it seems like there's some massive insider trading here. But
you know, we don't have that much details. We'll have
to wait and see what the salutes and some of
these folks are able to uncover. But these are things
that happen in the stock market as well, So just

(09:47):
so you know, it's not a crypto specific thing, you know,
as far as insider trading and so forth. But you know,
markets have some level of manipulation happening. But at the
end of the day, the pros that way the cons
and we want to make sure we position ourselves and
have the macro view. Don't use leverage, don't try to
daytrade this thing, and you will be fine. You know,

(10:09):
there's going to be the volatility, you know, as all
markets have shown throughout history, but you know, we want
to be smart. Buy the blood on the streets by
the lows and sell the euphoric blow off top. Now,
final news item here. This is very fascinating. So the
user decode on x did a great job of compiling
crypto assets bitcoin and all coins that are held by

(10:30):
publicly traded companies and he put their value in by
US dollar. So we've been seeing a lot of adoption
a lot of digital acid treasury companies and it's really
great to get this information. So the top asset comes
as no surprise, Bitcoin with over one hundred and nineteen
billion dollars, eth at over fifteen billion dollars, Solana at

(10:52):
over two billion dollars, Avax just over billion dollars, followed
by Ena which is around eight hundred nine ninety million dollars,
followed by Hype at six hundred million dollars, then BnB
at just over five hundred and thirty five million dollars,
followed by Sui at over three hundred and forty four

(11:12):
million dollars, and so on and so forth. It goes
down XRPS on this list that just over one hundred
and twenty one million. Doge is actually right above XRP
at one hundred and eighty eight million dollars, fet if
which is the fetch dot ai token over fifty five
million dollars, Tawel which is bitten censor I believe over

(11:33):
twenty five million, and like Cooin at over four hundred
and sixty three thousand dollars. So very interesting the volume,
And I hope someone builds some sort of tracker of this.
Maybe that's something I should do, and you know, start
tracking this overall and get an idea which assets are
being bought up by these publicly traded companies because these

(11:54):
things are going to move prices and create a supplying
demand economic play here, right, So the supply getting bought
up quickly, some of it locked and staking for proof
of steak tokens, plus the ETFs and much more. It's
good to get an idea of how all this is
playing out, all right, folks, that's the news. Let me
know what you think. Let me know what you think
about Donald Trump's new posts today. And do you see

(12:17):
a V shape recovery starting here? And we continue to
rally into Q four. Doesn't mean we go up in
a straight line, doesn't mean we don't see volatility, but
the worst of it, I think maybe behind us, which
happened on Friday, just like we saw in twenty twenty
March twenty twenty with COVID. So if you appreciate it
this content, guys, please be sure to support the podcast

(12:38):
by subscribing to my free email newsletter. It is one
hundred percent free. Link will be in the description. And
check out my book on Amazon. It's available in paperback,
in digital, and my course at Mycrypto course dot com. Folks,
Thank you so much for watching and listening. I appreciate
you all, and I'll talk to you all later

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