The Wolf Of All Streets - Unlock Massive Profits In The Next Bull Market! Join The Wolf Pack And Win Big!

Episode Date: September 11, 2024

This is a very important livestream for me and my team! Please meet the team behind the Wolf Pack: Mark, Dave, and Phong. Together we are going to do an intro to the Wolf Pack and will answer your questions in the end of the stream! Chris Inks will join us in the second part to share some interesting trades in crypto and beyond.  Chris Inks: https://twitter.com/TXWestCapital ►► WANT MORE? JOIN MY COMMUNITY AND GET EVERYTHING WOLF OF ALL STREETS! 👉https://www.thewolfofallstreets.com/ ►►JOIN ME ON ROUNDTABLE (ITS BOT FREE) 👉https://roundtable.rtb.io/shortUrl/tvQKLRn ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEKDAY! 👉https://thewolfden.substack.com/   ►► The Arch Public Unleash algorithmic trading. Discover how algorithms used by hedge-funds are now accessible to traders looking for unparalleled insights and opportunities!  👉https://thearchpublic.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 #WolfPack 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.

Last night was the first presidential debate between Kamala Harris and Donald Trump, many expecting that there would be significant price action in Bitcoin, but it remained somewhat flat. Seems that we are still in the summer doldrums waiting for a major catalyst, and perhaps that was not it. But we can dig into that, what the markets are saying and how Bitcoin reacted. More importantly, guys, you finally get to meet my epic team of experts contributing to the wolfofallstreets.com. The guys offering the research, backing me up on these shows, helping with newsletters, doing all of the things to help me make, to help make me look good. Well, now it's time to introduce you to them and make them look good as well. Hopefully

this will be a much more regular thing. Guys, here comes the Wolf Pack. Let's go. Let's go. Let's go. What is up, everybody? I'm Scott Melker, also known as the Wolf of Wall Street. Let's go. Good morning, gentlemen. What a day we have here. Mark, I mean, Bitcoin does not want to do anything right now, it seems, right? It doesn't, but it is also doing pretty much what it does about leading into about 150, 160 days after the halving. So no panic mode yet. Yeah, no panic, no panic at all. I think many people expecting that CPI, PPI, debates, politics, all these things are going to finally give us clarity in one direction. But to your point, I think there's nothing stronger right now than the cycle.

Right, right. So we have so so I have an interesting an interesting look, maybe we can pull it up a little bit later. It's just it's just a history of Bitcoin showing cyclic moves. What happens after the having what happens top to top, bottom to bottom. And historically, historically, September's are negative for Bitcoin. Ten out of 14. Well, now perhaps 11 out of 15 have been negative. Here's an interesting tidbit though, two of the four that have been positive

have happened in election years. So there is some hopium for a positive September by the end of the month. And Octobers and Septembers are typically blast offs, 20% October, 40% for Novembermber so if the cycles hold through that might be what we can look forward to we'll see yeah and you've dug really deep into that just for people who are on the site in trading the trends this is all very deep analysis you can see here from from mark that goes into all of this and actually now we also have a section about uh

where crypto meets politics it was kind of your idea where you go also deeply into those cycles. So for more on that, obviously, we can't discuss it fully here. You can go there. But David, I want to also highlight here, you wrote two pieces here for the site specifically that say, has the bull run even started yet? Right. So really interesting kind of perspective there. We had this Bitcoin bull market, but everything else looks terrible. Yeah, that's it, mate. So I think that, you know, we still haven't seen the retail market come rushing into the space again like we have in previous cycles.

So, you know, we've been front run by the ETF news and approving in the US there. And, you know, a lot of the capital flow, if not all of the capital flow, has been institutional money. So I don't think that we've really hit our stride yet in Bitcoin. I think that the market's going to stay true to course. And six months post halving is when we're going to see a little bit of a FOMO kick in and really see that retail market come in and get behind it. And I think the difference this time around is we are going to have a much higher adoption rate than we have in previous years as

well. So even though the spend per person may be a little less, I think that we're going to see higher retail volumes and growth because simply more people know about Bitcoin, more people are trusting in Bitcoin than ever before, because it's become a regulated asset and the big boys and the banks are now backing it. So it gives the general community confidence in a risk-off asset, really. So yeah, I'm pretty bullish that the market hasn't even kicked off yet, guys. I think that we've been front-run by ETFs and we're going to have Rectember like we do every year in all the markets. October, I'm expecting a bit of a choppy sideways action leading into the election. And I think November is going to be a really, really good month.

Yeah, but they say sell in May and go away. But remember to buy back in September, right? When it's choppy and it's down, if you are anticipating, as everyone is, which makes me a bit fearful, but this huge fall, we should be dying right now at these prices to get in with a longer term view, in my opinion. And I want to dig into something you said. You talked about the fact that retail is not here. I think we can see that across pretty much every metric. And we know, obviously, if all corns aren't moving, if we're not seeing cyclical pumps, that we don't really have anything

but maybe the crypto washing machine. You, for those who don't know David, he also runs, I mean, he's the founder of the Australian Crypto. You're basically the king of crypto in Australia, right? You run the biggest conference there. But so that gives you anecdotal evidence of this, I would imagine, right? I mean, don't your ticket sales and like interest

track the market to some degree? This has been a good year for us so far. So we've definitely seen much more interest this year than we have the last two years, especially. But I think for us, we get a lot of insights from the businesses that we work with as well, not just the retail market. So we, we work very, very closely, as you know, with a lot of exchanges, and we get a lot of insights from exchanges, from brokerage services and even fund managers. And, you know, these are people that I talk to on a daily basis.

And even they're in total agreeance with us that retail really hasn't fomoed into the market just yet. Fong, that naturally leads to you, right? So for those who don't know Fong, he's a master researcher of Web3, DeFi. I mean, you've been working with Crypto Banter for a very long time. I had to even get Rand's permission to talk to you. It was like we were trying to pay a dowry or something, right? Yeah, I mean, we didn't want to just overlap any type of information, but it's been awesome kind of being in this space.

And, you know, it's the ups and downs of your experience of what DeFi has to offer and what BTC now this year has been just really kind of tumultuous, right? We have the ETFs, just inflows, outflows. It's just, you know. It's just nuts. But in terms of DeFi, there's a lot of exciting, exciting stuff that people really need to look at because if you have yields on stable coins that are pretty trusted, right? USDC, it's a household name, USDT household name. You can just get some nice little extra yield than you would get in TradFi. Yeah. And so it begs the question, kind of leading off of what David said, is retail is not here.

We all take for granted that they will be. But what's going to bring them, I think, is the question that everyone wants to know. I mean, we know stable coins have been a killer app, but it still feels like every cycle we're like, it'll be this. It'll be RWA or it'll be DeFi or it'll'll be NFTs. You're the one. This is the section that Fong exclusively writes on the site, the alpha drop, and he does these incredible deep dives that you can read into multiple projects, updating these on a very regular basis. But you're seeing what's being built more than anyone else and really getting deep in the weeds. Are any of these things going to see meaningful mainstream adoption in this cycle? I think so. I mean, I think I think Solana is obviously there. Right.

We have Breakpoint coming up next week. There's a lot of I'm anticipating a lot of news that's going to be very, very positive for that. I did see that there's gonna be one hundred and twelve countries that are going to be there that have signed up and registered to be at the conference, which is just massive. From outside of Solana, you also have AVAX. AVAX is actually doing a lot of things that are very interesting. You have the powerful subnets that the DMV in California, I forget which city that was adapting that, but somewhere in California, the DMV is, is, is, has adopted, um, you know, the, the tech of, of AVAX, um, gaming has gone off, uh, going crazy with AVAX. Uh, folks have caught on with that, um, getting their own little subnets. Um, you know, and then next over it's, it's, uh, I would

say it's optimism. Optimism is a, is one of of those super chains that a lot of folks are looking at. And even Base is backed by that, is using the OP stack. And that's pretty massive. And it's been successful. It's obviously Coinbase's L2 that they're using the EOP stack. And it's been very, very positive and we'll accept it in this space. Dave, you made a really good point that we make here often, which is that we sort of had an ETF bull market, right? So Bitcoin got all of its interest and people are just dumbfounded that it hasn't trickled down.

But if someone buys an ETF and puts it into their investment account, it's not like they can FOMO out of it and into Solana meme coins. So I would argue that this cycle is exactly where it should be, except for Bitcoin's like $15,000 higher. I think if we hadn't have had the ETF approval, we'd be chopping at $40,000, $35,000, and all coins would still be dead and everybody would still be looking to the fall i mean do you agree with that totally agree with

that in fact i think the the etfs are just front runners and that you know bitcoin shouldn't be where it's at and i think it's uh likely going to see some further downside and find more of a fair market value and you know we're talking about um the technology in the altcoin world and there's so many projects out there that are building that are doing some really good projects but the reality of it is money moves the markets and most people 90 percent of people that are in the markets are here to make money and they're still down on their investments i don't think we're going to see an altcoin season until people are starting to realize positive gains on investments. And we haven't had an altcoin bull market yet, which doesn't traditionally come until we've had a real Bitcoin one, which we haven't had yet.

Yeah. I mean, Mark, you're pretty much a Bitcoin guy. Is that fair to say? Fair. Do you get like, does your skin tingle? Does your skin tingle when we start talking about avalanche and optimism and stuff? I'm fine. It's okay. Everything's fine. But still, objectively, when you look at it, is that how you're viewing this cycle as well? I mean, no matter if you're a Bitcoin maxi, otherwise, it's like you have to still realize that all coins exist and that there's times when they do exceptionally well.

So what would you be looking for to sort of see the cycle start to kick in? So a couple of things. First of all, to David's comment, there are some legitimate technical factors in play to back up your idea that the strongest part of the uptrend hasn't even yet begun. I'm talking about some major moving average average crosses that's kind of like my specialty when looking at um a technical analysis and charts but uh we're getting we've we've got

some moving average crosses that happened early in 2016 early in 2020 that still ended up doubling tripling quadrupling the price um so i i do kind of agree with your your sentiment on that and you know it's interesting scott because one of the one of the videos i did make that that is um uploaded to the website specifically talks about election cycle moves and it actually kind of shocked me i'm very aware of what the what the what the s p does prior to elections which is basically um tops in september everyone kind of de-risks they they're ready for the political shenanigans to begin and the world to end until the next person steps in to destroy the country and then what happens is magically now of course this isn't all the time but magically no

matter what party gets elected i'm sorry strong supporters of the democrats this isn't all the time, but magically, no matter what party gets elected, I'm sorry, strong supporters of the Democrats or the GOP, the stock market goes up after the election. Now, there are periods throughout history where specific presidents have had an entire downtrend during their presidency, but that is the exception rather than the norm going back a hundred years. So what we're seeing right now, and also we got to realize what's happening fundamentally. We are in an era of high yielding interest rates. There are trillions of dollars sitting in money markets, 5% money markets. I know a couple of people, I had a conversation with a 75 year old guy a couple days ago ready to take some of that money out and put it into bitcoin right but until and this this is my point that's leading to the to the altcoin comment historically the altcoins move yes after bitcoin has shown some strength and also when there is a little bit of quantitative easing when when when the risk on, and we're not there yet. That might not happen until 2025. And we might even see a bit of a

recessionary drop prior to that sometime in 2025. I don't think we're going to see anything end of this year, myself. In the 2000s, every time that there's been an inverted yield curve and an un-inversion of the yield curve, then the Fed pivots, then stocks dump. Scott, this is something- Every time. Every time. I intend on uploading a video showing specifically that. Now, it's not always a market crash. Sometimes it's a solid 50% dump. Sometimes it's just a 20, 25, 30% drop, but yes. And the yield curve has not fully yet reverted. I mean, it has, yes, the 10 year is bringing back a greater return than the two year currently, but they could flip around really easily. Yeah. I want to see that close the month uninverted personally to start.

Yeah, yeah, yeah. Because we've seen it tap it and then end up back down below. So and let me say this. This is one thing I have embraced as far as the altcoin world. I do realize that it's an entire circular economy. It's, it's without, without the, without the profits, the massive profits that smart traders and smart investors, because I think most people lose money on Bitcoin, trying to trade Bitcoin and all points, but the smart ones understand the cycles and they know how to read dominance and they take the profits. And then you can see it trickling. You go,

you get into the Bitcoin, then it goes into the large caps then it goes into the large caps and it goes into the small caps and then it flushes around until there's no more energy left in the markets, right? So I do believe that profits that have been generated from altcoins have brought hundreds of billions of dollars

into the cryptocurrency market. And that- Indisputably. It flows up to Bitcoin. It does. You cannot dispute- Eventually. You talk about this all the time.

Yeah, eventually. Eventually. That's right. In the bear market when people get wrecked. Right. But I mean, this cannot be disputed

no matter what your opinion is on which tokens are good. The last bull market was driven by people signing up to centralized exchanges to trade Doge and by NFTs, which started at NBA Top Shot and ended up with PFPs. But I'm not saying that brought people into Bitcoin or not. That is what drove the retail interest into crypto and brought all of the money. This time, you don't need to sign up to a centralized exchange to

trade memes, which is, I think, why we've seen this crazy sort of meme bubble. But Fong, since you're deeply researching Web3 and DeFi and all of this, do you think that this time we see that same thing? Or do you think that now because the framework has changed, because DEXs are bigger and because Solana is what it is, do we need to see Bitcoin to ethereum to solana or because we've just seen literally a barbell right bitcoin went up and everything solana went up and everything else destroyed that is not the same thing we've seen before yeah it's kind of nuts when you look at the the soul uh to btc uh that chart and then you compare it that to the btc um it's it's, it's opposite.

They're polar opposites. Everyone loves Solana. Everyone thinks that it could be a cheaper ETH killer. No one really says that these days, the ETH killer or the Solana killer. But, yeah, if you look at Solana, I mean, you have all this. The playground is filled with, with great products, um, and trusted products like Camino was a lending platform. You have drift. And I actually have the highlight drift before, uh, before we end the show, um, because drift is,

um, there's some, some really, really good alpha with, with, with that. But I also think that when you said NFTs, um, that everyone kind of got into that space, buying a board ape or buying whatever, uh, in Yuga labs. Uh, and that basically, uh, kind of fizzled out a little bit, but NFTs are not going to go away. I think that, um, I think it's pretty, uh, apparent that if they're still around with today, they're going to, they're going to be here for a while. Um, and, but yeah, it's, it's, uh, it's a different playground i think uh when it comes to btc ethan soul i think soul is probably going to be the bigger player here um i'm probably not going to have any type of holding of eat at all moving forward i think for me if i want to have that extra now you're talking dirty to me my ears can go up i'm just yeah so i'm not a meme guy i i've avoided that whole meme meme craze and i just i just i look

at it and disgust when things are going up 10 to 100 x i'm not into it i'm still not into it um but you know they still i'm happy for those that are making bank they're not most are not there's just so many people losing money on it and the the whole meme bubble has just i'm with you i've totally avoided it completely i'm not playing if things are going up fast and coming down fast nobody's making money except for the person pushing it up fast and down fast but then the narrative is look it pulled 100x but the implication that retail made money because it pulled a 100x is nonsense because they don't sell the top and they don't buy the bottom and they don't exit at all. They're all still holding all the memes that

they were buying that entire time that are now effectively down to zero. It's just, it just is what it is. I think NFTs are in the same boat. However, the the future of nfts will become more sophisticated in the terms of sophisticated investment so not you know people people monkey pictures no god no and i thought the whole thing was totally stupid at first and then uh when i learned more about the actual technology and the utility that could be put into nfts that's when i got really bullish on the nft technology not not on the nft trading you know that or you know the buying and selling of monkey pitches and penguin pitches and shit so you know putting uh music on nfts and things like that that's something that gives the technology

great utility and that's something that sophisticated investors will get behind and that's one of those things that we saw a lot of excitement for that was five to 10 years out. And that's what always happens in crypto. We get this AI and crypto, the natural marriage. And 10 years later, we see some real AI and crypto adoption. DeFi summer was already four years ago or whatever. And we're still seeing the meaningful developments there. I mean, I did buy a board ape, uh, at the dead bottom on black Monday, because I had put a promise out years ago that if they ever dropped below 25,000, I would buy one when they were like

250,000. And I got eviscerated when I said they were going to 25,000, but I sold it and made four ETH like two weeks later. So I don't own, I do not currently own a board AIP again for full transparency. I guess they're pretty cool, but no, that was a trade for me. But I think it just leaves us begging the question, really, is it just the cycle, as we said at the beginning, or is there a catalyst we can look forward to come? Because now everyone wants to know 25 or 50 BIPs, but Mark, we already established if they do 50, which would be more liquidity, shouldn't that panic the market? Shouldn't people say, why the hell are they doing 50 if things are so good? Well, I don't know if it will panic the market, but if it gets to 50 or

higher than that, then yeah, we start getting into recessionary cutting and we could look for a market. I've seen on Twitter, I've seen the mainstream media saying that the soft landing has already been established. And I don't know if I agree with that. I think we have to give it a little bit more time. What's going to happen in September, it's going to probably be a quarter point and it's just token. It's just an election token. It might ease a little bit, but I don't think that's going to shake up the markets in any specific way. But yeah, you know, let me say something about what you're talking about. What is it going to take? Is it just cyclical? You know, I when I when I took a look at what Bitcoin did after the election while I was making the video, we uploaded the website.

It actually made me laugh because I didn't even realize how extreme it was. But you can you there's only been three. Bitcoin has had this is the fourth election and it literally just go straight up after the elections. And actually, that kind of worries me because I'm kind of waiting for a rug pull on this. Right. Yeah, that's what I'm saying. We have this consensus of this like massive bullish fall, which should happen. But consensus consensus. Yeah, it's it's almost it's almost too easy. And let me say this. I covered this on a stream with Tony yesterday. We kind of dug really deep. The structure is set up incredibly bullish.

I think it could from from a from a from a technical standpoint, I want to see 53K hold lows for Bitcoin. And that probably equates to around twenty one hundred dollars and one hundred twenty 2,100 for F and maybe 120 for Solana. But if, if it drops down to 47 K, there's one pattern that will save its life that could still project it to a hundred thousand dollars by the end of the year. And I know it sounds crazy, but it is, it is technically and statistically possible for that to happen. But I would prefer to see this 53K area hold as a macro high or low off of 50K. It will be one of the, it will be, if you're looking at the chart Scott's showing going back to April, kind of off of that first top, we've just seen highs, lows, lower highs, lower lows. He's on a daily chart. There have

been some small uptrends, but the overall trend is lower highs, lower lows. So what we need to see is an established higher low, which we have currently at 53K, and then start printing some higher highs above the $65,000 that he has. See that? Mark and I, you can tell we're both from the same place, from the same time. His dad was my math teacher. How do you think I know this stuff? He's on it. So, so let's, let's just see, let's just see what happens. You know, what's what, what you were saying about, about coming back in September. Yeah. I think that, I think August and September offer, um, offer chances to accumulate if you're, if you're, you know, have taking money that you're not needing for anytime soon, a couple months, a year or two, and willing to

risk, you know, kind of assume maybe, maybe we have a crash, but mid September, we're kind of at the end of what I would consider to be the post halving accumulation face right now. We're literally in it right now. So we're going to get some good information coming into the end of September and early October as far as price is concerned, in my opinion. Okay. So I think literally everybody who knows anything about Bitcoin and crypto says dollar cost average, Bitcoin is a great time to be buying, perfect time of the cycle. There's no interest, whatever. Fong, does that apply to altcoins in general, specific altcoins? I think it's very clear that your belief is Solana will perform well. I think you've made that clear.

I tend to agree. It led the entire way up. There's some meaningful adoption, but is that the only thing you would be comfortable sort of come back and remember to buy in September? Are there other things that might be on your radar? Do we generally see altcoins go up altogether again in an alt season or is it going to have to be very selective, I guess, this time? I think this time around, especially this bull cycle, folks have gotten really savvy. If you looked at last cycle, everything went up no matter what you bought. Everything 10x, 20x, whatever it is, everyone enjoyed their money. But this time around, folks are really become sophisticated, they're smarter, especially for the folks that this is the second or third

time bull cycle that they're experiencing. But yeah, for me, I think it's making your concentrated bets into ecosystems that are guaranteed, almost guaranteed to thrive. And this is 99%. For when I say guaranteed, it's always that 1% that you need to have a buffer. But I wanted to highlight just one, one, one project, especially in the in the last 24 hours. So I'm gonna share my screen really quick. Yeah, please. Okay. Can you guys see the, this drift analysis and valuation? No, I can't. Your screen's not there for me to share.

So, sorry about that. Okay. Good. Here it comes. There you go. Okay. So this analysis and valuation is brought to you by Multicoin. Yeah, Tushar is, yeah, Tushar is one of the heads of Multicoin.

Absolutely, yeah. So very, very well known. They led one of the rounds for Drift. They led the Solana rounds too, for anyone who doesn't know. They did all the raises for Solana. Yeah, so this report is very simple. You just look up Multicoin.capital

and just look up Drift. And one of the things I wanted to kind of talk about is they have an executive summary, but if you go to the bottom really quick and look at based on evaluation with the framework and market assumptions, which we outlined in the report, we value Drift at a base case of $3.58, which is currently 7x at the current market price. Current market price for this is very interesting. It's an interesting level. It's basically close to 50 cents. So this is one of those valuations

that kind of caught my eye, especially this report came out yesterday. One of the thing you can kind of take a look at this if you'd like, but yeah, it came out yesterday, September the 10th. Very interesting analysis and valuation here. So Drift is definitely on my radar, especially with the Solana ecosystem. So yeah, that's what I have.

Okay. So David, I could, as we round this out, I mean, you know, if we're going to get a cycle and this is the accumulation time in your mind, what could be worth accumulating non-financial advice guys just generally like outline yeah obviously i mean i i think personally i would say i actually like accumulating ethereum while it's beat down certainly solana and bitcoin everything else i'm not quite so sure about but go ahead i'm probably more in line with mark that he doesn't want to admit in terms of uh being more leaning towards a bitcoin maxi than not and i won't say that i am a bitcoin maxi but i'm i'm more of that way inclined than that i'm not i suppose i've just seen so many thousands of people over the years get wrecked every cycle

through altcoin so i just try to steer clear of them however i do like finding some hidden gems and and um getting some projects that I like to get behind as well. So there's one project called Nexa that I really love. And it's developed by a team of people from Bitcoin Unlimited. And they actually helped develop Bitcoin Cash. So they sort of branched off from Bitcoin Cash. Now they're starting a new thing called Nexa. It's about two years old now.

They left Bitcoin Cash to die. Maybe, maybe not. I'm not really sure what happened, to be honest. But I know the team personally and I'm backing them myself. Like it's an investment that I've made personally myself. So it's not that I'm, you know, going to share a chart or investment advice or anything like that. It's just something that I'm really getting behind

and I know that they do share Satoshi's vision in what they're building. It was a proof of work project. So it's something that I personally feel like I can get behind. But ultimately, yeah, it's just Bitcoin and ETH for me. And obviously, I'll play in some halts when it's time, but only very small amounts of capital. I don't like to deploy huge capital into small caps.

So it's just not a game I personally like to play. I just like to stick to the big guys. And I do a lot of leverage trading as well. So again, I need the liquidity in the market. I can't trade with small caps. I mean, as a leverage trader, are you at all interested in this chop that we've been having? Or is this like sit on your hands and just work in better be honest with you normally i'd say yes but i'm at like my busiest time of

the year right now so uh i just i just don't look and i'm more of a high time frame guy like i i'll play the big swings um i'll trade daily to weekly candles you know and i've i've spent my time in the shop i've spent my time trading small time frames I've spent my time trading small timeframes. I've been wrecked so many times. I've made money so many times. It's just, you know, it's not worth it most of the time. And I just have more sanity playing in the high timeframes and I find that it's more profitable anyway.

So the market and the liquidity in the market reacts better on a high timeframe. Dude, dudes with little kids can't day trade. No, man. The natural progression of day trader degenerate to swing trader is like how many activities your children have. Not many people make it that far, really. That's true. my goal is my little section of our of our of our product here is to help people understand where we are in the overall

trend. You know, that's that's something so so I learned a lot of stuff from Tyler Jenks. He was he was an incredible, incredible trader. He was an institution, institutional investor and money manager and one of the most straight up guys in the world. And he taught us, you can go look at old hyperwave channels. And he just put out so much information for people to look at. But understanding where we are in the trend macro wise keeps you in the game. A lot of people end up thinking it's over and we'll see the market go up another 50 or 100%. But if you actually have a really good grasp on where things are standing,

so I'm still buying dips. I literally bought 50,000 and I bought 52.6 to the dollar based on technical analysis. And he tells us exactly when he's doing it. I do, right? I put my money where my mouth is, but it's all based on TA. It has nothing to do with anything else except for technical analysis and me believing that it still is a macro uptrend and these are dips worth buying. The hard part is figuring out when the trend is over and we're never going to get the top. So there are ways to sell into the tops. We will discuss this on the website. I've got some strategies on how to do that, but I totally agree with David. Sticking to the large timeframes, don't get yourself chopped up when the price is sideways. It will take your money. That's what the markets

are designed to do. Take your money and put it in the hands of bigger money, smarter traders and players. Yeah, for sure. Don't be that guy. Can I say one other thing real quick, Scott? I'll bring this up probably many times in future broadcasts, but I believe strongly, firmly, 100% in the mantra of technical analysis over fundamental analysis, TA over FA, right? Now, fundamental analysis is very, very important because it will give you an idea of where you want to put your money. And once you do that, if you then, because what happens on Twitter and in the cyberspace is the narratives. Oh, the price is going down because of this, right? We just had this news released. Well, I've learned through the years, particularly studying traditional markets,

the news gets released according to what is happening in the charts. And all that it does is it keeps markets flexible and it gets the prices to where they're going anyways. They were going to be going there anyways. The news gets released. It keeps things liquid, right? So getting a general understanding of some basic technical analysis, I believe is super important. And what we're doing here is going to help people with that. That's one of our main goals. So, you know, in the friends corner. I can see the best part is that Chris is back in the wings and I can see him nodding and his head was like, when you said technical analysis over fundamental analysis, I thought his camera was going to break because it was shaking so hard.

It really does distill and simplify things down into a much easier way to, I think, understand the market. Guys, we've gone way over time. I appreciate all of you. So I'm inviting you guys back regularly. I want to do this. Like I said, this is where I get my insight and ideas. And to understand the market, nobody can do this on their own.

It's all obviously on the website, which we just launched. These guys are working their asses off to give you guys objective, fair analysis. There's no bias in it. It's literally what we're all looking at, how we're looking at it with meaningful data and thought behind it, right? Not here's your 9,000X next altcoin. Here's what we're trading.

Get wrecked. None of that. So guys, go to thewolfofallstreets.com. You guys can check it out. Guys, thank you so much. Next week, I'm in Singapore, so we won't do it. I'll be with David. But maybe the week after, we'll come back and do it again.

So, guys, also, please follow all three of these guys on X. They're offering this stuff out there for free. And David's going to fly our whole community out to Australia in November on his dime. No, I can't. Australian Crypto Conference. Scott, I'll chip in. Okay, maybe. Maybe I'll help. All right, guys.

Thank you so much. Mark, Fong, David. Great job. Thanks, guys. Appreciate it. Cheers. All right. There we go.

Awesome. And so David's in Australia, so it's like probably midnight for him. He stayed up. Fong probably has to go back to his real job. And like I said, Mark, I won math competitions in to his real job. And, uh, like I said, Mark, Mark, I won math competitions in seventh and eighth grade with, uh, with Mark's dad. And I was his assistant teacher at one point, if you want to get, uh, really deep, we, uh, we've been around for a while, this crew and somebody else who's been around for a while and was nodding back there. You liked it,

Chris, you liked it. You loved Mark's little speech right there. Yeah, yeah, for sure, man. You know, again, I think he said it extremely well. You know, everybody focuses on the, you know, the economic news events and all these narratives and whatnot. But at the end of the day, there are always reactions to things that have happened. You know, as I continue to say, the fastest way to understand how people are feeling is the financial markets. It's almost instantaneous response. If they're feeling good about things, they're going to put money in the markets. If they're not feeling so good, if they're worried, if they're concerned, they're going to pull money out of the markets. And so, you know, if you want a, you know,

just the quickest, fastest way to really kind of understand how the market's feeling at the time, you just kind of watch what the markets are doing. You know, the market participants are feeling that time you watch what the markets are doing. So TA, when done correctly, okay, well, we'll do it this way. When done correctly, it's like anything else. You know, a lot of people, especially in social media, don't actually take the time to really learn how to do it properly. Yeah, they do this. They go, here's the trend line that I like. Watch guys. This is this one. You see all the touches? Yeah. Oh wait, no, that one wasn't good. I was wrong. This one. Oh no, that wasn't support. This was support. Yeah, we know. We've seen it before. So, you know, and unfortunately for new traders or people who are new to the market,

you know, again, I came in way before we had all this social media and internet and whatever that we have. But, um you know when you first come in things start looking crazy right and you start and you're like okay well where can i get some help uh and there's a lot of people online who want to you know help you and you follow them and if you don't know what you don't know then you it looks like okay sure it makes sense what they're doing um it's only until later that hopefully you figure out that maybe they don't. It's a meme, but teach a man to fish. Everybody knows, right? I mean, you shouldn't be going anywhere for somebody to tell you what to buy and when, because they ain't going to tell you when to sell. They're not going to remember to tell you, even if it's not malicious,

they're not going to tell you when they sold 25% of their position. Even if they do, maybe you didn't see that tweet or maybe you were offline that day. You have to have your own plan and your own skillset, even if it's very basic. Yeah. Yeah. And along those lines, one of the biggest things we deal with when we're looking at somebody else's analysis is we don't usually understand exactly how they approach markets and what their risk tolerance is. Risk tolerance is a huge thing. And the, and the other thing being when we go in there, especially online, you know, like, so for me, most of the stuff that I post online is more macro

trend related, right? So looking at larger accounts, sometimes I'll put in something more local, but you know, like what you said, you know, you're not always going to be on there for the local stuff. So I try to keep the bigger picture in mind But if you're somebody coming in and you're just thinking locally and you look at the larger one, you know And it's it's hard to wrap your mind around. Oh, well, it's taking so long to do that and it didn't happen right away So you're definitely wrong, you know, just a lot of stuff a lot of pain points that we put in ourselves Just just with the lack of understanding Yeah, so now what are you looking at on those charts

when we're viewing technical analysis? I think there was a high expectation that we'd see volatility during the debate. I don't know how you felt about the debate. Talking about politics is the worst thing ever because I really feel like I'm relatively unbiased. And I felt like there wasn't much policy discussed. So all you can talk about is like who

sounded whatever and i'm not going to do it forget it i'll say i'll say uh i'll say this much i'll say kamala came out and sounded a lot better than expected i think she really most people expected her to kind of flounder a bit and uh she ended up sounding better than what we expected but turns out she's actually an attorney i I guess, you know, and the other part, you know, uh, to give a compliment to Trump as well. Um, you know, he's usually very bullish, very, you know, it's just where he comes from New York, you know, it's, it's, it's the, the style over there. Um, but for him, he was actually, he didn't really interrupt a lot. He waited, uh, you know, and these were, I think this is growth in what he does, uh, you know, as far as his debates go.

So, I, I mean, I think they both, you know, yeah, yeah. But at the end of the day, did it really, I don't think it's going to do anything. Um, you know, so yeah. Oh, by the way, real quick, man. Hey, today is actually the seventh anniversary of TWC, man. No, no way. Today is yep. Today is. Yep, today.

As a matter of fact, that would be seven years ago that you first joined. Oh, I know that because I might have been one of the people that encouraged you to do it. But no, so that was when it was the Trello group. Trello, is that what it's called? Man, I think it might have even been before that.

But yeah, that was back in the day. We're trying to figure out how are we going to do this? What are we going to do? Yeah, people want to know how old school this stuff gets, man. I tell you, Mark, you know, Mark's family I've known since 1988, 1987. You and I, we got seven years of history of, it's crazy. Yeah. Crazy, crazy. That's amazing, man. What a, what a, that's awesome. Yeah, man. Look at what you've done. It's media mobile now, right?

What a time to be alive. So, you guys should be checking out Texas West Capital. It's where I learned almost everything. I mean, honestly, guys. So, I mean, it's whatever. And that's why I continue to talk to smart people, bring them on the show. I always want to be learning more i always feel like i'm a student still no matter how long i do this for you know but listen so i mean the bitcoin chart it's still sideways yeah yeah so um if we look at it and see your chart yeah oh

geez i'm not sure i'm sorry about that let me see here i thought i already had that on there how did i miss that? Let me see. Is that the right one? Because you were nodding so hard when Mark was talking. I'll tell you. He was saying good stuff, man. Saying good stuff. Knocked that chart right off.

Yeah. So, you know, we're kind of looking at this as a four-hour. I had posted yesterday that I was looking for this move up toward the R1 pivot and then a pullback to the pivot and then this rally up and out. It looks like we got a flat correction here. So the way I'm kind of looking at the moment here is this is a one, two, this is a three, and then an A, a B, and a C, because we've only got three waves up. So, you know, looking at this to be a wave four. And if we can get this rally off here, it'll get us up there. Let me see. This is the Coinbase chart, Bitcoin USD. Up there around 59, 395 or so. And so the blue line is the 50 MA.

The red line is the 200 MA. So, you know, it makes a lot of sense. Start off with a 50 here. Rally up to the 200. Pull back down here toward the 50. The pivot here gives us that 50% pullback. And then take off. So, I mean, locally, that's what I'm

looking at. If we go here, we just started breaking down below, uh, this hourly pivot here at about 55, seven 40 or so. Um, at that point I'll, I'll have to relook at and go, okay, well, what may, you know, what else is maybe going on? It doesn't look all of a sudden as bullish as it was. Uh, but that's the importance of, you know, setups and then waiting for them to play out as we do it. But, you know, as far as this bigger picture goes, again, I'm still thinking this is a spring here, you know, the volume profile, the last long wick that all kind of works out real well, potential leading diagonal here, we got a pullback of 78.6% right here in three waves. So, um, you know, and, and, and the pullback here,

uh, because of the amount of volume coming in on this spring, uh, relative to these other swing lows here, especially way over here, we would expect a test is, which is just a higher low on, um, a much less volume. And we may have potentially gotten that right here. But, you know, again, so I'm kind of looking at this to quite potentially hold as support here. And this being, you know, the low. But if we do break down, nothing's changed. It just gives us a 50% retracement to around, you know, just shy of 43,000 over here. Typical wave four.

So, you know, again, no real surprise. I wouldn't be like heartbroken if that happened. And I would expect that if we did get this move down here, that it would be similar to kind of like this move right here, just at a bigger kind of movement there. So I don't expect it to take any time down there or whatever. So, you know, Bitcoin's still looking all right. We just need some further upside to kind of, you know, get this real kind of confirmation going in. I've got a couple of charts here. I've got Casper here.

Similar here to kind of like that Bitcoin. We've got the big drop down, you know, maybe a leading diagonal here. We've got three waves on the, on the drop. So if we can get up above this, uh, 0.168714 right here, that should lock this in as a three wave corrective. And at that point, our initial target is 0.24 secondary target up here at 0.275, um, up there on the move out, um, from here. So we're just looking for that breakout just a bit higher there to say that more likely than not that low is in, this low is in, and we're heading up toward those target areas. TRX still looking interesting. I'm, we're holding at the pivot here, showing up on the daily.

So if we can break from here without breaking any lower, if we can head up here and break that 0.1617 level, I've got a target there, 0.186 here. So again, we've got this fair value gap. We're kind of sitting in there on the pivot, you know low volume No, this is a perfect area to rally from But we needed to do it. So we just want to see if we can get that if we can again We should be looking toward that target up there

I've got well this one up here. This is TIA USDT You know once again, we've got potentially three waves down here. We've got not quite a 70.5 pullback from here. Now, this could maybe break down a little bit further here, and then maybe it's like a WXY. So we could see it coming down a little bit lower here. But what are we looking for? We're looking for a breakout above, without breaking down lower here, below the swing low.

We're looking for a breakout above that 4.288. And if we get that, that should then have us headed up here. I think we're going to run liquidity up here, 6.126. But locally, from where we're at right now, that gives us like a 5.128 initial target and then a secondary target around 5.457. But the key is you don't want to sweep the low here. And instead you do want to break out above this 4.288 level. So that's what we're kind of watching for. Again, it's all about the setup, right? Could you be a quick, oh yeah, when you're done with that one, go ahead. No, last one. Okay. I want to ask something. Yep.

All right. F fett i love the breakout here uh we've got multiple touches and a close touch there uh we came back we retested i mean this is a great um you know as far as the diagonal goes it's a great you know i think level to watch there this is uh you know appears to be three waves down here and we've broken out above it so you know my initial thought is we've got a target of 1.8816 and then a secondary target up here, right around 2.5447 area there. So, um, you know, looks pretty good to me right now at this moment, we just want to see some follow through toward those targets. Yeah. My question was, uh, Des asked, uh, DXY will be cool to see if you're

looking at the dollar here. Cause I think a lot of people, and right before the stream, I was talking to David who was up here before and he was had some thoughts on DXY and thought it could be kind of impactful. So probably worth looking at really quickly. Yeah. Yeah. I can pull that up. Let's see here. You have it a minute. By the i noticed fed watch um they didn't increase the 50 odds they did you said what was that they did increase it you said i thought no no they didn't they didn't i mean i think they increased the 25 odds i hadn't looked at it a bit but i remember last time was around 79 right now we're at 85 on 25 basis points points. So I still think that's what we're going to get. Long story short on the DXY, potentially a 1-2 could be an AB.

If it's an AB, it gives us closer targets. 93.97 would be the target on this move down here. But if it's a 1-2 and a three, we'll head on, you know, much lower into the 70s, ultimately get us five waves down. We've got this basic diamond pattern here, broke down, rallying back up still finding resistance there. But yeah, I mean, to me, it looks like we're going to continue heading lower. If you want a really good look here, if we can sweep this 99 point, whoops, see this 99.22 level here, you should definitely be looking down at least around this 93.97, if not 91.12 and then 86.795. So weaker dollar, which makes sense.

If we see Fed liquidity kind of ramping up, we should expect, you know, the dollar to get weaker, um, overall. And, you know, at the end of the day, it just depends, you know, it's among other things, you know, how much is that liquidity relative to the other countries relative to Japan relative? Cause the DXY of course is not the dollar itself. It's the dollar pairs relative, you know, weighted average, you know, against each other. So, yeah, I mean, to me, we're sitting below the weekly pivot. And so for me, that's pretty bearish. And so my expectation would be that we do continue lower overall with the DXY. Maybe just a shorter term kind of bump and rally like we're kind of doing right now.

Awesome, man. Well, happy seventh birthday. Well, I appreciate that. You guys have to go check out TX West Capital. I know we tell you about the wolf of all streets.com and I've got my own thing, but still send it to Chris, man. And we're actually going to do a... We've always been about education. That's been the big thing, you know, that's been what we do. But we're actually about to launch something called TWC Traders Club where we can get in there and you'll actually be able to trade the same trades that I'm taking. You know, it's not just your setups. These are the trades I'm actually taking. Myself and a few of our students who have done extremely well.

And so it'll be a wealth of trades to take up each week. They're coming on that. So that's coming pretty quick here too. In celebration of the seventh year, seven years. All right, guys, we'll follow TX West capital. Chris,

thank you so much, man. I'm going to stay on for a couple more minutes, but, uh, appreciate you as always. I appreciate it. Awesome guys.

I see. It's funny. I see, uh, Valerie says, well, well, Des looks like your VIP. Des is the ultimate VIP guys here. Sorry. Sorry see it's funny. I see Valerie says, well, Des looks like you're a VIP.

Des is the ultimate VIP, guys, here. Sorry. Sorry. Love you all. I love you all. But he is. And he is right, though. Valerie, we're all VIPs here.

Des is in the Wolf Pack. He's over there checking out the site all the time. I wanted to flag one more thing on here that you guys may not have seen that we didn't show you. So we obviously have all of this content here on the wolf of all streets.com being updated all the time. I will show you that wasn't going to show this, but I use the global news feed now every day. This is where I find everything for the newsletter, et cetera, because it's all of the meaningful news in a fire hose.

Eight minutes ago, 10 minutes ago, 20 minutes ago. If you want to keep up way better than going to Twitter and and seeing people's opinions you can actually uh you know get the actual news here and then this section down here uh the alpha pack this is the people uh it's the higher end obviously some subscription but every friday myself or one of the members but it's been will be myself unless i'm traveling. I do an hour long Zoom call where you guys can literally, we just kick it. You ask me literally anything you want, you can see it. This was the first one here. And the awesome thing is right now it's relatively small because we're new. And I really dug in deep with the people that were there. It was amazing.

It keeps me so accountable. I lost my voice almost because I was talking for a full hour doing it nonstop. That's how I view it, at least. And it's only going to build and become a meaningful platform if we get your guys' feedback and you give us ideas. So we had a lot of people say, hey, you guys are talking about politics all the time. And so we literally just added a section and Mark is crushing in there where crypto meets politics. I'll be adding things there too. But he's looking at it from a chart perspective. What's happened in these cycles? What can we expect? And we're just going to keep adding things. It's going to become a full platform where you can get all of your data, all of your tickers. You'll just go here as we build it and it'll be the one-stop shop for everything you need. Even if you don't want our analysis,

you'll be able to go here and see what's happening in the market. Objectively, tickers and indicators and everything. We're paying for it. We're building it all. KG, can we pay for Wolfpack and crypto? Waiting for BitPay. I'm waiting. Yes, you will be able to, but right now you can't, unfortunately yet. Guys, I really want you to follow everybody that we have on this show. Even if you don't want to subscribe, these guys give away a lot of this on a daily basis on their X accounts for free. They're down below Mark, Fong, obviously, and David. And there's worst businessman. I'm a terrible manager. These guys are managing teams of 70, 80, 100 people. I was like two and now we're like five. And so if I trust them, I think you guys should trust them. And if I follow them, I want you guys to dig in and follow them as well. That's all I got for you guys today. Thewolfofallstreets.com. Check it out.

Otherwise, see you on Twitter spaces in about 18 minutes today. The wolf of all streets.com. Check it out. Otherwise see on Twitter spaces in about 18 minutes and back here tomorrow, 9am Eastern standard time. Love you guys. Thank you always for being here, for joining, being part of this incredible community. Goodbye. Let's go.