The Wolf Of All Streets - Is Bitcoin Doomed? Political Chaos & Trade Wars Are Brewing A Crypto Storm!

Episode Date: April 16, 2025

Join me live with Sasha Mitchell, Founder and CEO of Elacity, as we dive into the latest developments in crypto. We’ll explore what’s next for Bitcoin amid rising trade wars and a shifting political landscape. Sasha Mitchell: https://x.com/sash__mit Chris Inks will join us in the second part to share some interesting trades in crypto and beyond. Chris Inks: https://twitter.com/TXWestCapital ►►CHAT WITH WITH ABOUT THE MARKETS 👉https://roundtable.rtb.io/shortUrl/u9Ajs6P ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/ ►► Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities! 👉https://archpublic.com/ ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. Use code '10OFF' for a 10% discount. 👉https://tradingalpha.io/?via=scottmelker Follow Scott Melker: Twitter: https://x.com/scottmelker Web: https://www.thewolfofallstreets.com/ Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #Investments The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment. 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/6319316098351104

Well, we've talked about the fact of late that Bitcoin has shown relative strength to other markets amid tariff and trade war uncertainty. There are other factors that could negatively affect the chance of legislation in the United States. According to TV Cowan, that is the fact that Trump is so deeply in his own crypto ventures that it can once again become politicized and could threaten the chances of regulation and legislation coming through. I'm going to talk about this and everything else with Sasha Mitchell today from Elastos first time on the show excited to have him here. And I actually tested out the platform, which is something I have basically never done with any of our guests before. So pretty excited to show you guys that we've also got Chris,

Christopher Ains from Texas West Capitol on the back half. Let's go. What is up everybody? I'm Scott Melk. We're also known as the Wolf of All Streets. Before we get started, please subscribe to the channel and hit that like button. It's kind of funny I think about that I say that because we already got started. I always say before we get started and then realize that we've done a whole intro already before I say that. I think I need to rethink the way that I start my shows. ADD is kicking today, as you guys can see.

I'm gonna go ahead and bring on Sasha now. Hey man, welcome to the show, first time, first time. First time indeed, hey Scott, great to be here. So listen, we do these hyperbolic titles to get people to click every single time. Like the last two days, Bitcoin was, you know, this shining light in the face of global uncertainty and performing

well. Well, today apparently it's doomed because of political chaos. But this is actually coming from TD Cowan, who, as I said at the beginning, he says political risk for crypto is rising. So TD Cowan, as it warns Trump's crypto ventures could derail US legislative efforts. And I don't know if you saw this, but they're launching a game that's like monopoly on the blockchain. So now we've got Trump mining, NFTs, blockchain, meme coins to their credit.

They've done it all, right? It's pretty amazing, right? I think as far as you got to jump into swim and you can't deny that on the Trump side, it's full guns blazing. Yeah, actually, I think this is kind of cool. And I guess I can see the point that if they go too far and it could be an argument that they're trying to profit off the legislation and regulation.

But my feeling is that this train is way too far down the track right now for any of this to affect it. Yeah, we've gone from regulation to really feeling like the doors are wide open now. And with that comes negative sentiments, but I think a lot of positives as we realize the markets and what's going to actually be unleashed in the months ahead. Yeah, it's been my feeling that we have these endless tailwinds for the actual industry and we're just stuck in this complete disaster

of macro at the moment. But the minute that that is remotely resolved, things are going to fly. I mean, this is crazy. We're now threatening apparently 245% tariffs on imports from China. Seems like an arbitrary number. And then yesterday, there was a comment

I wish I had in front of me from a Chinese official basically saying that the United States were peasants that were going to cry in front of 5,000 years of Chinese history. I would say that nobody is really flinching right now. So maybe we're going to have a little more pain or at least uncertainty for a while here. Yeah, the big one is as well with the tariff wars, is if income tax does get dropped. If that happens, I think US is just, people are flooding in. It's open for business because I think that's always one which upsets everyone. It's having to pay your taxes. And

actually, if you can operate in a world where there's no income tax and you can be an entrepreneur with regulation being cut down, everything Doge is doing to me is all in the right steps. We want to move into a world where, you know, we're not strangling innovation. Entrepreneurship is all about taking risks and doing it in a way which is obviously within legal means, but in a way where we can create markets and we can have opportunities and we can thrive. So I'm very interested to see how really what we're seeing is the first or the first chess moves, but how the actual end game is going to look. And I think I'm optimistic for the U.S. and what it offers the world. Yeah, so I was speaking to Mike Belshe from BitGo about this yesterday. And he basically said, listen, we're

going to get legislation, but it's going to come down to the regulators to then craft around that legislation exactly what we need. And he's very optimistic that we have the right people in place to do all of that. But to your point, I think it's going to actually be deregulation with clear rails, but then freedom to build what you want that would actually make this industry thrive. Yeah. Yeah. Jumping in on the web through space, jumping in on blockchain technology. Having these open ledges,

which everyone can transact on both in finance and rights. There's so much innovation going on on this side that is just, I think, across multiple technologies, but all converging and it's all going to be placed on top of blockchain technology. And I just think the US and really Western markets standing for democracy and moving forward on that. If the US is the leader and the superpower who says, puts their foot down, if the Bitcoin becomes a global reserve and then the innovation is unlocked for everyone to move in,

I just think it's going to be such an incredible future ahead. It's an exciting time. I think economically we have concerns with interest rates and how things are looking, but when it comes to technology and innovation it's just getting more and more insane. Yeah, literally today there was a story of crypto as much as Trump reports. So he basically, if you dig into it, said that they were going to make one reserve, they would do the same kind of regulation as the United States. Those who don't know, South Korea is the most degenerate crypto market that we have. You look at crypto volumes of people trading, it is insane. They basically outperform everywhere else.

This is actually huge news for crypto. If South Korea took the Trump playbook and actually created a Bitcoin reserve, that's a win. But the fact that even on the docket sort of displays exactly what you're just saying. Yeah, yeah. I always remember doing a case study on seal and it's one of the most densely if not the most densely populated cities and everyone's growing up, you know gaming and you send your girlfriend a digital flower as a gift and it's you know You have the digitization baked into the culture and so the trading and cryptocurrency just comes so naturally But yeah, once the once the domino pieces start falling, I think everyone's just jumping in on this. You know what, I've talked tariffs and macro and Bitcoin

prices to death for the past days and weeks. And since I actually have you here, let's just talk about the actual exciting things that are being built here, right? We've had this situation. I remember in the past cycles, it was always about, we're trying to do too many things, we don't have the block space, right? Now it seems like we have a flip from there, right? And it's like, we have so many chains, so much block space, so much competition, and we're not getting the mainstream adoption that we're looking for to do it. We're still waiting for the catalyst, right? We have stable coins, obviously, as a killer app. We've seen some games like Gunzilla start to brew and have real success,

but still waiting for more adoption. So maybe tell me about what you're excited about that's being built, then we'll get into obviously what you guys are building. I mean, how do we make Web3 deliver the promise that we've had for all these years? Yeah, thanks Scott. And actually I've been so excited just to get on this call to chat with you coming from a creative background because I think, you know, I've come from a creative background myself

and actually how do we, for those that innovate and create new things, how do you monetize and make revenue? For me, that's been the big thing missing in Web3. We have speculative tokens which we can buy and trade, but we also have all the problems that come with it, with rug pulls and these uncertainties on who's behind it and what's going on.

But in the real economy, we sell something of value in exchange for some kind of financial return. And we need to have that in the Web3 space. So this is a massive advancement that's happening that our team Elacity is working on, which is really digital rights management, the ability to actually encrypt assets like a song or a video,

and going all the way up into software markets to tokenize them as assets on a blockchain and to actually trade scarce access rights peer to peer globally and where every payment is distributed out to again another set of tokenized royalty rights. So we can then imagine buying and trading royalties to all types of assets from AI models to music to video, earning income every time they're purchased and being able to access these assets. One of the biggest problems that I've seen in the Web3 space is the user experience. So I'm very excited to see chain abstraction, account abstraction,

the ability to log in with your socials, to not care about the blockchain infrastructure underlying everything, and then to enter into this economy where we can buy and trade value, which isn't just based on speculative value. You buy something in return for something, which everyone has skills and insights on. These are ideas that have been brewing for a long time. And to your point, it's just been about UX UI to me, right? I think everybody obviously understands that they want the digital rights to their assets,

that they want those accurately distributed, that they want the creator to actually get the money instead of a fraction of a penny like they do on a Spotify or something like that. So how do you build a platform that grandma can use? It always goes back to grandma. Like, can grandma use this? Or, yeah, I don't know that grandma's gonna, you know, do subscriptions for music and things like that. But this was so intellectually interesting to me because I have this long history of producing music and as a DJ in a former life, right?

And it was always so impossible to actually make money on it. Yeah, yeah. And likewise, you know, I studied music production and worked in the film industry for five years. And again, you meet so many incredible talented individuals, but the internet as we know it today has evolved off digital rights management, DRM, which essentially allows us to, you know, either have buy now or have subscribe or have free with ad revenue. You know, this is the way have subscribe or have free with ad revenue You know, this is the way we make money online, but it's also what's driven the evolution of the Internet

So it's been very integral to get us to the blockchain world that we're in now And so it's almost like cycles repeats as we enter into the web 3 phase and everyone starts to adopt Ownership and the ability to actually tokenize and own. And the missing ingredient is revenue in this world. So, you know, buy now, subscribe and do advertisement deals, peer-to-peer with people all across the world and have complete instant payments, do smart contracts. You know, these are things which the Web2 space, the traditional internet we use today, isn't offering.

You know, it's offering almost a rental model where you're bound to a closed system, to terms and conditions, and ones where you're slightly restricted on what you can do. And these are incredible vehicles for us to be loud and proud and use. But I think when it comes to being able to capture revenue, we're going to start to see these new monetization models in Web 3 where you might give 40 to 35% away to a platform today, you can now capture the whole 95 to 100%. Okay, I went through the platform,

we'll get into that and it's awesome, but isn't this OnlyFans to some degree? Isn't this like Web3 OnlyFans? Now I happened to just, I wanted to test it because I saw it, it was cool. I was gonna throw some music on there, but I didn't have time to produce a song. So I made a video about like Bitcoin technical analysis and Bitcoin dominance, which I mean, I can bring it up

and we'll talk about it more, but you know, here it is. And you can see it here. That's me doing some things. Took me, you know, only a few minutes to do it. I connected, I uploaded. That was great. But this is basically like you go pay somebody for exclusive content. Only fans, right? Only church. Very similar, yes. And not just necessarily for adult content. But it's what we want is an open market where everyone has the freedom to do whatever they want to,

you know, they can buy and trade whatever they see a value within, you know, legal bounds and within what's allowed. So, yeah, I'd like to think of it in the bigger picture as an Amazon of digital assets, you know, it's a web three, you go to this portal, and you have assets ranging from video to audio to software, AI agents, even going into the real world where you actually can buy access to like a robotic service. I can imagine the future like healthcare services. I can imagine things like self-driving cars that can pick you up. And then likewise, if you can capture all your data

and encrypt it, why don't you train your own AI model up on yourself and then offer that with a business model to the world to be able to talk with. So- Oh, because it's not just content. You can literally like anything that you can create, you can load here and sell peer to peer effectively. Yes.

So on a more technical side, the video player that you'll see in Elacity, that's actually a special media player that checks against the blockchain, do you own the rights to decrypt the content? And if you do in your decentralized wallet, it fetches a license key from your smart contract, Scott, that you deployed, and it then decrypts the content for the consumer. So all we need to do next is just start basically the infrastructure to encrypt and to tokenize any asset is available. All we're doing next is actually making the media player. We're moving it into an operating system environment where it can then read and play back games. It can read AI agents. It can do every type of asset. And what we've built on top of here is the Elastos smart web. So, you know, as a project, we're built on Elastos. And this this vision is coming from a 20 years in the making veteran, he worked at Microsoft, Rong Chen in the 90s, he helped build the operating system there. And his belief is we need to have a Web3 operating system which can do exactly this. Because if we respect each other's rights and we make those rights tokenized and tradable on an open market,

we unlock a whole blue ocean of new opportunities, which yeah, you can't put tariffs on blockchain, you know, you can buy and trade freely around anywhere in the world. Payments will be made automatically by smart contracts. And we're living in this new economy, which is everyone's increasingly, they adopt freedom, right? Like, technology gives us more for less, it allows us to have more freedom. So this is just another example of you can buy and sell with the world without having to rely on any platforms. Right. And so you obviously have like a dashboard here, I'm looking through it as we're going where you could see how many you've, I guess sold or how many, uh, there's a script.

Maybe we should talk about the models because I looked through this as a subscription model, but there's also a one-off model, correct? Like so that people have options as to how they want to interact with the content. Exactly. And, um, to a channel. So you, anyone can create a channel and then you can, it could be public or private. So public is anyone can mint into it. Private is only the owner can. But you can also set like previous NFTs or ERC20 tokens, which can be traded as liquid tokens as access as well. So we can open these whole new markets through creating utility for tokens and how they can open and unlock

these different experiences. And it's all governed by smart contracts on the blockchain. So, yeah, it's definitely my passion. And I believe this is what Web3 needs next. This is the evolution of Web3. It's bringing business models to the space so we can start capturing revenue. And that will drive new people in, especially if we have good user experiences where the blockchain itself is hidden. I'm laughing because Christopher here said, Scott, you better not put these streams on this thing. There would only be extra content.

But honestly, like for me, it would be incredible to like throw up old music that I would never, you know, release or old videos, things like that. But then also you could have a model where you just do some custom content that doesn't fit into the stream each day for a couple minutes, right? Here's my thoughts on X coin that somebody requested

or a news story that I didn't get to review. And it's a quick video and is the pricing set? Is it fixed or does the creator get to set the pricing and the subscription price and all those things? Creator can set the pricing. We take a 5% fee just to keep building the system and to offer the streaming kind of costs in the backend. But otherwise 95%, you can allocate down to 0.1% royalties

to anyone's decentralized wallet around the world. Every time a subscription or transaction is made, it's distributed directly to wallets by the smart contract. And you can also set resale rights. So if you're selling, let's say $10 for this video, you can say if you buy a video and there's only 100 available, you can resell it and you can get 90, let's say 90%

of the resale rights. Now the remaining 10% will be distributed to all the royalty holders from the first set of contracts. So it grounds back to the original creator on its journey regardless. And to your point Scott, yeah streaming and doing these kinds of platforms is where the audience is, it's where all the liquidity and viewers are. So when you then have exclusive content in a Web 3 world, you can drive traffic and monetization into that space. But the difference is you can capture that extra 35% that you can't in this traditional world. So I think having followers is a huge asset and leveraging Web 2, following Web 2 platforms is just an incredible, it gives more independence in entering into the web three space yeah

these are the kind of things we need for people to start actually using web three so there's basically kind of multiple models if you're someone like me who has a million followers I could aggressively push people to links on here see my exclusive content make extra money but I assume then within the platform itself for people who don't have a huge following, there'll be search engines and probably an AI backend that's helping you find some of the algo, right? You're gonna, it's gonna be the algo like a Tik Tok or YouTube that feeds you content similar to what you like. I'm throwing this out there. So I'm assuming it is. But so that so that you could if you don't have a huge following,

but you're making good content, there's going to still be ways for people to find it. 100%. Like AI agents and how AI is coming in is really interesting. And I'm coming from a creative background too, Scott. So how we would make a song, we'd sit down for, let's say, two weeks to a month. And we'd tweak, and we'd edit things,

and it would be painful. But we'd come out with this final output. We're entering into an age where everything is flipping on its head because we have abundance through AI. So rather than spending all this time tweaking to make a song, what you could actually do is you could create a thousand songs immediately in a certain style and then you can basically filter down to that one song and that one tweak that you love. And that output that you'll do, it's almost like a shooting star amongst abundance.

Elacity is a place where you can then come and monetize it, because what we're going to see is incredible outputs by individuals, if not small teams. Ultimately, they could become unicorns in their own right when we look into softwares and actual services. It's a very different way of attacking creativity, but it's going to actually open the opportunities for people. Like a gaming studio costs $200 million to a billion.

A film, a full A film, $200 million. And it's because you have to have all these people helping to make that production worthwhile. Suddenly, we have these tool sets where we can do so much of that for so less. And it's happening faster and faster. So we're increasingly becoming independent where we can do insane productions. And something like Elacity is the place in which you sell that exclusivity to your production.

Yeah, you can also like sell the if someone's a subscriber, and they want to see your process as an artist, you could upload the individual takes on the way to the final product, the unmastered, the pre-mastered, what do you think of this last version? You know, get feedback from the audience. Really cool. Yeah, yeah. That's what I would do. Yeah, yeah. I think it's valid. Yeah, and so really excited about how this whole space is

evolving. And yeah, as I said, we're built on Elastos, which I'd also recommend everyone checking out because Elastos is you hear Ethereum being called a world computer. And but what is a computer, you know, a computer is hard drive, it's your operating system, it's the ability to have an internet connection and the ability to have a login. This is the fundamental vision of Elastos and you can head over to elastos.net, is a world computer isn't just a blockchain, a world computer is all those components brought together. So Satoshi was the first to bring together a decentralized money, but many tried before. And one did, you know, they had hash graphs, one had Merkle trees, you had hash cash, you had all of these B money, you had all of these attempts, but they missed fundamental pieces.

And so they're really like, we're on the next kind of cycle of advancement where rather than money, we're trying to create, you know, the world computer, which is rather than just a blockchain technology, it's the combination of decentralized storage, compute, blockchain, with rights and finance management, but then the operating system, the actual virtual computer that you boot up with your decentralized identity, you enter in and then you have this digital economy inside. And so that's where we're headed. We're installing all of this into a real-world computer environment where you

can use AI to create creative things, and then you can tokenize and sell them with the world, and it's all global peer-to-peer. Just on the economics of the first part of our chat, it's free markets, it's internet capitalism for the first time, something that I'm passionate about. So what kind of people would you suggest at its current form, its current iteration, use the platform, who is it good for, can they make revenue right now, sort of where's the current status of it? I'd recommend anyone who's a creator on listening in, head over to ela.city today. It's on Elastos

right now. So you'd have to get a bit of ELA as gas from gate. Yeah, gate IO or Q coin. They have it you can you can withdraw it out. So you can log in with your social account, you'll get a web three wallets in the background, you can copy that Wallet's dress and send here, and then you can just go and upload content and it's once you're ready. And then and then you're going to be monetizing. Now, if you're someone who knows creatives, why not help those creatives on board and then you can define royalties for yourself. So if you're like a go getter and you want to give yourself 15% of the cut for each creator you bring on, you can also do that and you're going to capture that. Many early films,

you hear of the stories of these incredible stars who they didn't take salaries, they took royalties instead, and you laugh when it became a huge hit because it became worth so much more than the salaries were worth. So for me, I think we're in a golden age where actually mining royalties are going to become a huge industry by onboarding people into this world, because you can capture royalties which get sent to your decentralized wallet,

and they can never be taken from you. And they're paid in ELA, I assume. Paid in ELA, and then we'll have USDC markets coming in probably about two to three months' time. So right now, elastos only. And I encourage everyone to check it out. It's a great little economy that we have. And this is my opinion, the forefront of innovation. As we set this up, and you guys helped out afterwards. So remind

me, what does it cost for somebody to subscribe to my channel or buy one piece of content? I'm gonna upload more. Okay, so yeah, we have an exclusive giveaway that we're for somebody to subscribe to my channel or buy one piece of content. I'm gonna upload more. Okay, so yeah, we have an exclusive giveaway that we're doing right now. So basically we've got a prize pool of $2,000. And so if you subscribe to Scott Melka's channel and Elacity, that is to go to Qcoin or Gate

to buy a bit of ELA and to send it to your wallet and subscribe for three ELA, so it's about $4. We're going to be giving 14 winners randomly selected, roughly $50 each. So this is a chance to get involved if you want to just try it out. Scott, you've uploaded an exclusive look into the Bitcoin markets. You've shared your insights. And again, I think if you want to know what Scott's thinking there, too, here's some exclusive content. I love that. I think I just got bullied now that I know people are going

to subscribe to win that I'm going to have to upload more content. I see what you're doing there. I can't just leave them with one video on my Bitcoin views on yesterday. So you can subscribe as well, everyone, for three ELA, but also the video itself has a buy now option for 10 ELA, which is $11. And think of it like you're owning a

collectible of Scott's, you know, Scott's content. So the subscription gives you a month access to the channel. But if you purchased for the 10 ELA, the actual video, you'll have, you know, you have the ability to own that and watch it as much as you like until you resell that access on and you get a 90% resale rate if you do sell that on. You remember when Martin Shkreli bought the Wu-Tang album one off for a million or two million bucks or whatever? This would have been the perfect place to do that.

Yeah, this is a great example of, yeah, sell exclusivity. You could just do like 10 copies or a hundred copies and then the secondhand resale and all that. I mean, yeah, this is powerful. I remember like the first iterations of this in the last cycle, specifically with NFTs, but being able to be an Amazon marketplace for everything digital, this could be the thing,

like where it finally clicks. Yeah, like, yeah, just being able to resell and buy and sell NFTs and getting like the royalties. That was a cool kind of experiment. But when they went down in value, nobody cared. Yeah. And the value, I mean, the joke with NFTs was like, it's a JPEG, I can just copy and

paste. And you know, when we actually encrypt the assets, if it's a video, it's a JPEG I can just copy and paste. You know, when we actually encrypt the asset, so if it's a video, it's like you're not buying an NFT, you're buying access. So we're turning access into a tokenized commodity, which also you can define the scarcity. And so it kind of changes like how you look at this technology and say, we've been so focused on finance

that actually the rights management, which is in the NFT realm, is actually innovating and expanding in a really exciting way. So can you get ELA on a DEX? You can. You can get it on Uniswap. You can get it. Elastos itself has a DEX.

Yeah, it's available. Well, I have a feeling a lot of people knowing my audience who are US-based would probably jump to Uniswap before necessarily having a KuCoin account or something. So basically to summarize because this is all news to me, giving away 2000 bucks, people can spend $4 to subscribe and have a chance to win that $2000 to get some people into the ecosystem and to goad me into creating more content. Exactly. Perfect.

Anything I might have missed before, we've got to make sure. So is ela.cit the best place for people to go and check out everything that you guys are doing? Yeah, yeah. Head over to, as you can go to labs.ela.city if you want to check out about our engineering team and everything we're building, a little backstory on us. And if you want to go to Elacity to to get Scott's content, yeah, at ela.city. If you do buy on Uniswap, go to elastos.net. And there'll be the information on bridging on how you can get it across into Elastos if that's that's what you prefer. I'm dying at this comment. Scott's collectible major top cycle. It's funny though, people don don't remember but I was like the

first guy to do a music NFT. Like year before it became a popular thing at all. I worked with this artist. It was incredible. We took one of my old tracks and they animated it. It was awesome. It was like some it was some platform block party I think that I did it with that's probably defunct at this point. But man, it was I was pretty into this from the beginning. So it wasn't the top signal. Then I was ahead of I was ahead of the curve last time guys on the

NFT market with my one with my one mint, but pretty good. And where can people follow you, Sasha? I'm I'm Ash, I know it's sashed. Because you're British. Like in America, we say Sasha you say stash over there. It're British, like in America, we say Sasha. You say Sasha over there. I know it's like Sasha, Sasha and Digweed days for the old DJ folks. Yeah. Yeah. Yeah. But yeah, you can find me at Sash underscore underscore two underscores MIT. The double underscore is a killer.

There's someone who's Sash underscore MIT who's not you. I think it's like a dude with his shirt off. Yeah, I've got some like when I was tweeting about it this morning, I went to check it. I was like, that is not him. We've been for a surprise when he gets tweeted talking about blockchain and economics. Why are these people bothering me? But maybe I'll go check it out. So guys, this is awesome, man. I'm really glad that we had you. It was a nice departure on a Wednesday

from being told I have TDS all day in the chat and talking about Trump and tariffs and markets in China because my god we're good. And I have Chris to do that right after you anyway. So we'll take it to that. Thank you, man so much. People give him a follow check out lastly check them out on X that's all linked right down below and Go win two thousand bucks. Oh Yeah, awesome. Thanks so much Scott. Thanks ever. That's awesome, man. Thank you so much. Bye. Bye

Now I'm going to bring on the one and only Chris and now we can talk about 245 percent tariffs on China and what it means for the Bitcoin charts Yeah, I was getting I was means for the Bitcoin charts. I was feeling for the 50 MA guys, the MA guys, it was feeling like we were gonna finally get above it there yesterday, but alas. Yeah. They made the rejection.

Yeah, I had put out a tweet last week, I think it was, and I said, or at the end of the week there, and I said, it looked like we had five waves up off the low and then so I was looking for a three-way pullback And then of course this weekend it just kind of pulled back a little bit like I don't know like 23% or whatever And bounced back up and then you know, it made that slightly new higher high and I kind of zoomed in on it was three waves I said, okay. Well, it looks like it's a flat correction now. So, you know yesterday there on That was three waves. I said, okay, well, it looks like it's a flat correction now. So, you know, yesterday there on on was at Crypto Town Hall with y'all. I mentioned that I said I was looking for a pullback, you know, kind of toward that that recent swing low there at around that 83 or 84, 380 kind

of area. Or if it continued to break down toward the what is that that weekly pivot around 81, 4, toward the weekly pivot around 81.450, depending on what chart you're looking at. So, you know, yeah, to me, it looks like a leading diagonal off the swing low. You know, here we get, you know, you get to one, two, three, four, and then five here. And then there's the three down, the three back up. And then, you know, know maybe done here but if not looking for it to maybe get down here at 81 you know again 81 for so and see if we can do that if we do if it's done here and we get a rally from where we're at here that would give us a minimum expected wave 3 target up here at 104 928 and that would be pretty clear that you know the low is probably in. At the end of the day what we need is a move above. Let me see here. This 88 again it just depends on the chart you're on,

but right around 88,656 is kind of this swing high here around April 2nd. That's the last lower high around April 2nd, that's the last lower high off that all time high. So as far as market structure goes, you know, you get the lower high, the lower low, lower high, lower low. We keep doing like that. But when you break that last lower high that sets up then, you know, that's the break of the market structure there. That sets up a potential move, you know, back up in the other direction there. So that's really what we're looking for overall.

You know, you don't have to believe Elliott Wave or even Wyckoff. I've got, you know, down here is maybe a spring and a test and all this stuff. But, you know, market structure says that that last swing high there, lower swing high is where we'd be looking to get out above. And is that kind of set on your show yesterday on the, the crypto town hall. Breaking out above it does break that bearish market structure, but you can fall back down and continue lower than you just have this larger bearish market structure where you have the startup here, which is your high,

and then you would end up having a low down here and then a lower high and head lower. But what I tend to look for is this move where you like break out and then you get a pull back at some point and then you break out above your break out. Classic consolidation. Yeah. Yeah. And that right there, that would say, okay, nothing's a hundred percent in trading, but that right there gives a really, really good chance that you've got bullish market structure

off the low now and reversed and heading up. I'm trying to remember. I think at the time it was the link chart that had like the craziest consolidation ever. I was trying to find it, but this was a perfect example. Yeah. I'm going to pull it up on the weekly, but now my training view is not working. Of course. Yeah.

But the idea was, it was this, it was like for years that it happened. Of course it eventually failed, but it was, yeah, it doesn't allow me to do the screen shares in the same way. So it's slow, but it was this for like years. that now though just needs to get above that sort of 88,000 area, make that new higher high, and then we're off to the races. Yeah. I mean, again, and it is this sideways here. It is a great setup on there. Everybody's pretty much max bearish, it seems like at this point, and not just in crypto

or Bitcoin, but in stocks as well. And again, I've been doing this a long time and usually when you're seeing this kind of off sides, I guess you can say as far as emotion goes, you know, most often you can count on it going the other way. And so, you know, I went, it's just one of those things, you know, when you've been in the market a long time, you kind of, you know, if you pay attention to those things and you look at them and you can kind of say, well, most of the time I'm going to be right on that again no guarantees but you know we can try right but it's interesting though because we can look at um at these charts here with the alts

and they're all looking mighty similar as well so uh we've got one inch here I remember when that thing launched that was crazy I used to make fun of this on every single stream. Not the project, but like I would just, I did these chart streams and the first thing someone would request one inch every week and we would just say, Hey, it should be called six inches or at least. Well here now they can start requesting it again. So, you know, again, same idea. I got one, two, looks like, you know, three, four four five up here Looks like we've got a three-way pullback just about done there were at the 50% retracement Well, so we want to break out here above what is this here point one seven seven

If we get a breakout about that and we should be on our way up if this is the low it holds here at the 50% retracement, you know, we'll look up here minimally at point two two four for a wave three So pretty good movement there and and you know again I think the bigger thing here is just that if you can get that wave three that one six one eight extension That really opens up the narrative that the bottoms in and so, you know, that's my bigger thing Not even so much, you know just oh we can get from here to here, but it's actually hitting that. I think that'll do that.

Everybody's favorite mean coin, Doge here, right? And if it's not, you're wrong. Again, again, you know, same idea here. Five waves up, looks like a leading diagonal coming off, you know, pulling back here. We're right around that 38 to not quite the 50% here, but you know, if we can ride that through, we've got to get above wave B, which is a 0.16949. Uh, and then that opens up minimum expected target up here around 0.2322. So again, you know, getting that is, is the big move here. It's a, you know, especially if you're concerned about the, you know, getting that is the big move here. It's, you know, especially if you're concerned

about the, you know, the bottom maybe not being in and all this stuff. If you're reaching that, that really increases the odds that that narrative is correct. Let me see here. Nope, don't want that one. XCN here, this was a great one, man.

We made, we did well on this one. On the move up here we traded a couple of times made ridiculous money because it just moved so quick and so fast and really did well but um it looks like we've got you know uh wave b triangle here so a and then wave b and then here we come down with a one two three four and five coming right down around that 50 right here in this low volume node area. So I'm trying to see if we can get this reversal up off here. So my first thing is, then can we get it up off here

and jump out above 0.01896? And if we can do that, that's pretty likely that that low is in, but we really need to get above, let me see here, E, the triangle resistance here at 0.02164. And that'll set us off. We've got a pattern target then, you know, from this low right now,

based on the height of this pullback up here at around 0.03711. As what would be, to me, it looks like a, potentially a wave five on that. And, but you know, if it drops down a bit further here, that target would move up because we would just continue bringing down this, this bottom here, and that expands it up higher.

But I mean, it's looking pretty good for a setup there. We'll see if we can get it again, coming in at that low volume node. Any other ones? Let me see here. Render, render looking pretty, render's having a pretty decent morning here. So it was coming back down here. This one looks like it's a three and then a four here is a flap. And so, you know, based on the height of the pullback here,

that would give us a $4.38 and a half cent pattern target here. But again, if you're going by Elliott Wave, you would have to break out above this Wave B here at $4.05 and a half cents or so to kind of add confidence to that. But again, the setup is there. So when we're looking at these, we're getting a lot of these that are pretty similar. There's some that are gonna be different,

like this is a little bit different, but it seems like we've got a lot of those leading diagonals off there. And if you look at stocks, especially if you're looking stocks like toward the weekly, a lot of them you'll notice had a three wave pullback and they've either broken out or are pretty near that second wave. So for those that don't know, three waves, you get a down and up and a down. That's a corrective movement. So if you break up above that swing up there with the second wave, that locks that in that

that third wave can't break down any further. And so you say, okay, well, that's corrective now. And overall, we should be heading, you know, to a new higher high. And we're just, you know, I do the, I do these, uh, market wraps every night for our members over there, where we're looking at stocks and crypto and everything. And just the stocks, you just seen it everywhere right now. Um, everything from Palantir to just whatever you can name it just about. Um, and so, you know, it's hard to see that and go, okay, yeah, well, you know, the tops in, um, you know, when those setups are there.

So again, there's always no guarantees in trading. I wanna keep reiterating that except you're gonna lose money from time to time. Chris knows exactly what's gonna happen in the future. Sometimes it seems like it. And then I get something wrong and the world lets me know how awful I am and how terrible a trader I am and whatever.

That's how this works. That's how this works. They love you when you're right. Chris, I terrible a trader I am and whatever. Tell us works. Tell us. They love you. They love you when you're right. Chris, I have a very important question for you. What does a tired weasel look like? Because that's what I look like. What does a what?

Tired weasel. Tired weasel. I am tired. I don't know. They're trying to be like a backhanded kind of thing. They turn to say. I just don't know what's a tired weasel look like. I don't care that I'm being called one.

I just want to know how you would know.asel look like. I don't care that I'm being called one. I just want to know how you know, we will apparently it looks like you according to the tweet there. So you got to look in the mirror. So I don't know, man. I don't hang around weasels. I've never, uh, no, that's why I'm tired. I'm trying to like place a weasel necessarily in my mind. And then I'm trying to imagine one tired and it's throwing me off. Man, I tell you, I gotta say, man, it was pretty cool that

you got to, uh, to talk to Dana White there, man. I was like, it was awesome. I can't wait. We got to get the whole thing out. that that that very cool. Yeah, he's an awesome guy that that that fight was insane. Yeah, yeah. Say what you want about Donald Trump with that the case, because say a center in Miami, aka the FTX arena. And for those who formerly the arena formerly known as the FTX arena, Trump, Trump rolled in there like he was like in the main event event like he was a fighter with dudes behind him and like kind of it was crazy with muscle he definitely knows how to get attention that's yeah and the like stamina he was there until two o'clock in the morning sitting there like he's

presidenting all day he's like 80 years old i was dying tired and this guy's just sitting there watching the fights hanging out it's crazy crazy. Yeah, that's awesome, man That's all I was it was wild and Dana Dana was very cool, man. All right Well, where can everybody obviously I checked out everything that you're doing. Yeah, you follow me at TX West Capitol there right here on Twitter YouTube channel tech, you know youtube.com forward slash Texas West Capitol You can go jump to our website texaswestcapital.com if you want to join in uh you know we do all the uh you know it's not really a hey here's how the system works it's a hey here's how the market works we teach you how to understand price action

volume forecasting stuff like that um so that you can you know not only learn some systems of trade but also that you can devise your own. And that's kind of our big thing. And of course, you know, if you're joining there, you're getting Fibbo's stuff too. So, you know, Fibbo will teach you how to do his- We got to get him back on here for one of these with us. You need to, man. You need to. He's kind of hard to get. Right now, things are crazy because of all the tariffs up and down, you know, he's got his day job there with an energy company. So his life kind of sometimes. But yeah, yeah, we'll definitely get all of them. See if, uh, see if he's open to some time, maybe jumping on.

I'm going to go grab a nap. So I don't look like a weasel before we jump into a tired result. He's going to look tired. I just want to look like weasel before we jump into crypto town halls. Great having you there yesterday, by the way that was yeah, man was good time Yeah, all right guys. We'll see you tomorrow 9 o'clock a.m. Eastern Standard Time. Have a good one Chris. Thanks, man. Take care