JIM CRAMER TURNS BEARISH AS BITCOIN NEARS CRITICAL LEVEL FOR THE CRYPTO BULL MARKET!

Episode Transcript
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Speaker 1 (00:04):
Hey, folks, welcome into the Thinking Crypto podcast. You're home
for cryptocurrency news and interviews. I'm your host, Tony Edward.
On your way in. Please hit that subscribe button as
well as the thumbsup button and leave a comment below.
If you're listening on a podcast platform such as Spotify
or Apple, please leave a five star rating and review. Folks,
we have to talk about the price of bitcoin because

(00:25):
today it dipped to it looks like a below one
hundred thousand dollars. Right now it's trading just over one
hundred and one thousand dollars. Now for the daily chart,
we are seeing the RSI approach the over soul zone,
so we should expect some sort of bound soon, and
in fact, we do need a reversal soon, guys, because
I'm seeing a warning sign. As always, no feelings or emotions,

(00:46):
just the data. The warning sign here is on the
monthly chart that Macdee, which is still in control of
the bulls, is at the cusp of flipping bearers. So
this has me concerned again. I always share you the
data with you. The data changes, then we got to
go with it, right, because we're not here to do
emotions and feelings and so forth. So we need to

(01:08):
see a reversal from bitcoin because this is not good.
Now have we seen fake outs in the past where
you know, these trend lines for the MACD come very close. Yes,
but man, this thing is hanging by a thread here.
So we need to see reversal, folks, because that would
mean bears will take full control on the monthly and

(01:31):
would invalidate this bull market continuing. But it has not
flipped yet, it's just near. It's at the tipping point.
So again we need to see a flip soon. And
on the weekly chart, you know, the artists side is
touching levels that we haven't seen since the beginning of
the year we're with the tariff crash and even going

(01:54):
back to twenty twenty two with the FTX crash. So again,
with this setup here on the daily where the RSI
is in the over soul zone and then the monthly,
needing that flip, that reversal, we need to see Bitcoin
go nuts. I don't know what the catalyst is going

(02:15):
to be, you know, maybe it's the government reopening, maybe
it's some additional announcements on the FED and much more.
But this is the time we need to see action now,
something that's very good. That's on our side. Jim Kramer
has flipped bearish. He says we are officially in a
bear market. Now we know inverse Kramer, if he's putting

(02:36):
that narrative out there and everybody's depressed and you know
people are giving up and they're in fear and much more,
then you know we could see a reversal soon. No guarantees,
of course, but these are signs we've seen in the past,
and right now the Bitcoin Fear and Greed Index isn't
extreme fear. So the market conditions are there for a

(02:57):
reversal with the RSI, like I said, bitcoin over sold
on the daily and that monthly needing to flip, and
the sentiments there Jim Kramer's bears so hopefully we see
that reversal soon. Now I want to share some thoughts
from some macro investors, guys like Dan Tapierra and Ralph Powell,
who have been in markets for a very long time.
Dan Tapierro says the bull phase in bitcoin and crypto

(03:20):
ends when no one thinks it's ending, i e. Not now.
It does not end when every person involving crypto Twitter
is crying panic or exiting or whatever. Extreme noise today
for whatever reason, bad price action is supposed to shake
weak hands. So he says, markets one on one, Now,
this is what I've been telling you guys, because I've

(03:41):
been here since twenty sixteen, and I've gone through and
learned my lessons and seeing the different aspects of this market.
And as I've been saying, one of the factors I've
been highlighting that says this thing is not over is
the bull markets don't end with people being in extreme
fear like this. It ends with euphoria ingreed, with massive

(04:02):
retail participation in people feeling excited, and they feel like
it's not going to end. It's going to keep going up.
I don't make the rules. This is just what we've
seen historically, and it's happened outside of the crypto market, right.
It happened with a dot com boom, it happened with
a real estate bubble nineteen twenty nine before nineteen twenty

(04:23):
nine crash, and much more. People are excited. We're putting
tons of money. It's going higher. It's going not Oh
my god, the market's out and everybody's in agreement and
everybody's scared. Right, that's not how bull markets end. History
is not on your side if you're thinking that this
bull market has ended with that type of sentiment. So again,

(04:44):
we got to follow some of the facts in history here, right.
Macro investor Ral Powell doubled down on his thesis that
global liquidity is the single most dominant macro factor, in
which I agree. As long as central banks keep printing money,
guys around the globe, asset prices will go up despite
any short term or mid term volatility and pullbacks. So

(05:06):
if you don't have that fundamental thesis for why you're investing,
then you're gonna be caught in a roller coaster ride.
Do I like what's happening with the price action here?
Of course not, Guys. I've told you many times, I've
got plans. I want to take profits, and I got
plans for that money. Right. But I'm also not panicking.

(05:28):
I'm not in fear. I'm just sitting back and like,
all right, this too, shell pass because we've seen it
time and time again. I've been here since twenty sixteen.
I've seen multiple bull and bear market cycles, and I've
seen major pullbacks in bull markets. You know, my first
major bull market was twenty seventeen, and boy, we saw
thirty eight to thirty six percent to thirty eight percent

(05:51):
pullbacks and draw downs, and that was scary. I mean,
it was so volatile. And right now we're down just
merely just over twenty percent, so it's like nothing. But
you know, the challenge with this bullmarket is the timeline,
which I've been hammering home. That Trump tariff situation pushed

(06:13):
the timeline back, and that's why I'm saying this bullmarket
could go into Q one of twenty twenty six, possibly further.
But that is certainly, you know, big headwind that has
changed things a bit. But global liquidity continues to be
a leader. The feed is ramping down, quantitative tightening, they're
ending that December first, they're cutting rates. All of these

(06:34):
things are conducive for the bullmarket continuing. Not necessarily that
the Ray cut is a dominant factor, but it is
a contributing factor because it allows people to get easier
capital which they can invest, and it makes you know,
the mainstream average Joe and Jay to breathe a sigh
of relief. Money capital is becoming cheaper. I can get

(06:55):
a loan from my business, I can get a mortgage,
YadA YadA. Right, So this is where I'm looking at
all these macro factors. Plus, guys, you have major milestones
and landmark events that are still ahead, like the Market
Structure Bill, and in fact, Senator Centia Lumis was on
TV today on Bloomberg talking about it that this is
the most important piece of digital asset legislation in the

(07:19):
United States history. And the time is now, So the
dialogue still happening, discussions are still happening. Tomorrow, I'll be
interviewing the White House crypto advisor who works with David Sachs,
who replaced Bohinz Patrick Witz at Smartchon. So I'll get
you to details on that and the timeline. But you
have these major things ahead in addition to the all

(07:41):
coin et apps and the government reopening and much more.
And look at this. The crypto whale who nailed the
October crash opens a fifty five million dollar bitcoin and
Ethereum longs So that whale, which was identified via on
chain data, that may two hundred million dollars, you know,

(08:01):
shorting the US China tariff announcement from Trump on social
media that caused bitcoin to crash significantly is not long right,
So when you look at all these things, it's like,
what's happening here, It's interesting. I also want to highlight
what analyst Bob Lucas said. He says, the bowl case

(08:22):
for bitcoin incoming. Here are soon weekly cycle low on
extremely negative sentiment, mirroring the prior to cycles. So we're
seeing the same cyclical pattern play out here and this
sentiments in extreme fear. So some sort of reversals do soon,
and boy, like I said, we need it because that

(08:42):
monthly is not looking good. Man, that monthly chart is
looking weak right now, but a reversal can fix that.
And it's on the monthly, so we get time for
this to adjust where November could end up being a
very green month depending on what happens, right, and that
could that mac D can reverse. So that is what

(09:03):
I'm looking at. So I hope you appreciate the data
and we're looking at the different factors here. And of
course other signals like the Bitcoin PI cycle top indicator
has not flashed on chain data showing whales. Some are
exiting the market, but it's not in a down trend
like what we saw in the massive whale sell off

(09:25):
of the ETF launch, So we're not there yet. You know,
earlier this year with the tariff crash, we saw some
whales sell off as well, And what I was saying
at that point is unless we see a clear down
trend and you know, aggressive selling, there's no need to panic.
There's some people who's been trolling me in the common
section saying, see the whales are dumping, and it's like, yes,
some are exiting the market, but the majority are still holding.

(09:48):
So the data. We have to go with the data
now right. People get emotional, see it's happening. I told
you so, and it's like, okay, but don't judge this prematurely.
We have to wait and see what the data is
showing it. So like here with the mac D on
the monthly, I'm saying, let's see if we get a reversal,
because people are gonna jump on and say, see, Tony,

(10:09):
you're an idiot. It's done. I told you it's all work.
They need that. They can't handle the uncertainty. They can't
handle that the potent there's a potential bearish and bullish scenario.
They need to know it is bearish or is it bullish.
But when it comes to investing. We're looking at different
scenarios and which has the higher probability of playing out. So, guys,

(10:32):
this is where we're at. We need to move sooner
than later. And maybe Jim Kramer here turning bearish and
saying we're in a bear market is one of the
biggest catalysts. He's setting the narrative out there for the
market to reverse. And this whale who short it and
you know, made a ton of money, is going long.
So we shall see, folks. This episode is brought to

(10:54):
you by v Chain, which is one of the top
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(11:16):
Some of the brands working with v chin includes JIVONCI, PwC, Walmart, China, BMW,
and Boston Consulting Group. V Chin's also partnered with Dana
White and the UFC doing some very cool things, and
Dana White recently said he bought a million dollars of
vet token and v chain also recently launched staking on stargate.
So once again on bullish on this project. So if

(11:38):
you'd like to learn more, go to v chain dot org.
Link will be in the description. Now, folks, look at
this news. Kanaan raises seventy two million dollars from top
investors including Brevian Howard and Galaxy Digital, So some big
names here. The Nasdaq listed bitcoin mining firm has secured
a seventy two million dollar strategic investment from VH Digital,

(11:58):
a division of Brevin Howard, along with Galaxy Digital and
Weis's asset management. The deal involves the issuance in sale
of about sixty three point seven million American Depository shares
at one dollar and thirteen cents per eighty s. So
this is a big investment into a bitcoin minded company.
And again put your thinking caps on. Why would they
make an investment here if it's at the top of

(12:21):
the market, right, If we are entering a bear market
and everything's going down to stock market, crypto and so
on and so forth, it doesn't make sense to be
doing an investment here if there's no more upside, you know,
what I mean. So these are some things that think about. Now,
look at this, Gemini Exchange is preparing to launch prediction
market contracts. So a lot of folks getting involved in

(12:43):
the prediction market game here. So Gemini, the crypto exchange
founded by the Winklevoss twins, is planning to launch prediction
market contracts, Bloomberg reported Tuesday, citing anonymous sources familiar with
the plans that reports that Gemini discuss launching the products
as soon as possible. In May, Gemini filed an application

(13:03):
to the Commodity Futures Exchange Commission to operate a designated
contract market, the regulatory status required for derivatives exchange. This
new platform, currently under review, could potentially be the exchange
for prediction contracts, according to Bloomberg. So the crypto Exchange
reportedly teased this new venture in a filing ahead of

(13:26):
its September initial public offering, stating that it aims to
launch event contracts for economic, financial, political, and sports forecasts.
Very interesting. Now, another major takeaway I should have mentioned earlier.
With huge milestones and things that are ahead in this
bull market, you still have IPOs in a crypto market
as well as in the tech World, Open AI. In

(13:47):
the crypto market, you got Crack in Bidgo and others
that are securitized as well that are looking to go public.
So again, think about it. No one does a IPO
when the market is top, and in a bear market,
no one look throughout history. So this is where you
have to make sure you're looking at the market from
multiple angles and from a macro perspective. Look at this.

(14:11):
The SEC crypto treasury probe frozen by shutdown, but subpoenas
could fly soon after government reopens. So the SEC has
been not able to do their jobs because of the
government shutdown. It's why I haven't been able to publish
my interview with Hester Purse, which really sucks. We had
such a great conversation and that interview is sitting ready

(14:33):
to go, but they need to just review it and
approve it, of course, but they can't because they're not working.
So but what's interesting here, the SEC is going to
be looking into digital ascid treasury companies. So let's see
what comes out here. You know, there's a lot of
players getting involved and there could be some shady stuff.

(14:54):
I'm not saying all there are legit companies doing this
and doing things according to the rules, but you know,
there could be some people doing some fishy things here,
so we'll see what the SEC decides to do when
the government opens up. Final news item here is zero
hash lends a MECA license amid two billion dollar MasterCard

(15:14):
acquisition rumors. So we recently heard the MasterCard was trying
to acquire this company because there were a stable cooin
infrastructure company and they got their MECA license. So that's huge,
that's very big. So the license positions zero hash as
one of the first micro approved stable coin infrastructure companies,
strengthening its appeal to institutions. So all the big bangs
payment companies, credit card companies are looking to take a

(15:38):
stake in the stable coin market and either launched their
own stable coin or just build the infrastructure to support
the existing stable coins that are out there. If you recall,
I had interviewed the head of digital Assets at MasterCard.
I believe it was earlier this year. And it's amazing
what these companies are doing. Visa's doing some incredible things.
You got PayPal and others as well, And today, in fact,

(16:01):
I interviewed one of the folks on PayPal, so we
talked about p YUSD and much more. And this was
at smart Con Chain links mark On and you know
those interviews are going to be published by next week guys,
so you don't want to miss them. And yeah, guys,
I still think we're in a bawlmarket, not feelings, you
may say, Tony, your bias. No, I'm sharing the data obviously,

(16:24):
I'm seeing something that is concerning on the Bitcoin monthly
chart right, being transparent, being open with you guys, and
we need to see a reversal soon. But I still
think the macro thesis is in play when you go
down to the foundation of why we're investing central banks.
The FIAT system requires US central banks keep printing and
that's going to drive your asset prices up. So you

(16:46):
really got to be a patient and have the macro reviews.
So guys, let me know what you think about all this.
Leave your thoughts and comments below. Hit the films up button.
If you appreciate this content, please subscribe to my free
email newsletter. It is one hundred percent free. Link will
be in the description. Check out my book on Amazon
it's available in paperback, in digital, and my course at

(17:06):
mycryptocurse dot com. This is a comprehensive course that teaches
you everything you need to know about crypto folks. Thank
you so much for tuning in. I appreciate you all,
and I'll talk to you all later

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JIM CRAMER TURNS BEARISH AS BITCOIN NEARS CRITICAL LEVEL FOR THE CRYPTO BULL MARKET!

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