The Wolf Of All Streets - Who's REALLY Moving Bitcoin? The Secret World of Crypto Manipulation EXPOSED!

Episode Date: August 27, 2025

Is crypto market manipulation destroying the industry or is it simply how markets work? In this episode, Scott Melker sits down with Guarav Dubey, a market maker, to uncover the truth about manipulation in crypto.

people often accuse market makers of being the ones who manipulate the market and move the price and force everybody up and down and liquidate people. Is that what really happens in the crypto space? Or do people have a fundamental misunderstanding of what market making is? Of course, we're going to talk about the news and the market. But I've got my close friend who has deep, deep insight into market making, Gorav Duby here to discuss this and much, much more. Of course, Christopher inks on the backside. Let's go. Good morning, everybody, and welcome to the summer doldrums of August,

where Bitcoin price chops around in a range and people lose their minds. So much so that there's very little. news and this is a conversation i've been looking forward to having for a long time we decided to do it here on a wednesday we woke you up very early today on the west coast thank you very much for joining at 604 a m how you doing man uh well thank you scott and uh and the team for having me here thank you guys um yes i uh slop i slept barely for a couple of hours and um for all good reasons you know the markets were doing super well as we can as we can see and then and then at the same time i think i made that statement over a call not sure if it's entirely correct statistically but

definitely on the on the on the on the on the on the on the cleaner side of the claim we had about about $20 billion of DATCOs announced in the last seven hours. That's digital asset treasury companies for those who don't know the lingo. Exactly. So we're doing rounds, man. We're doing rounds. The finance news, the investment news, the Wall Street news, it's all flogged and cluttered by digital asset treasuries.

And the tens of billions now rushing into it per hour. So what a time to live. Yeah, absolutely. And obviously, you know, people are freaking out with Bitcoin at $11,000. I think it's a perfectly fine price. So listen, to dig in more, though, into the other conversation, this hyperbolic title is amazing, who's really moving Bitcoin, the secret world of crypto manipulation exposed. So I think there's a fundamental misunderstanding in what a market maker is and what a whale is,

and they are not the same people. People like crypto Twitter seem to believe that a whale is a market maker, but that is not the job. So to be clear, Gorov is one of the bigger market makers in the crypto space, not specific to Bitcoin. For full transparency, as I've told you guys before, Gorov actually handles my personal investments, my exits and entrances so that nobody can say anything to me about what I'm doing with any token or anything in the market. I'm going to out to me, definitely. He just does it. And also, Gorov is our official on the scene correspondent because last time we had him on, he was in the freezing streets of the world. Economic Forum at Davos live.

So all those things, let's talk about this time, this time straight from Wyoming Blockchain Symposium. AKA Fed-a-Pelousa, Paola Paloza, right? So you were also there. Dude, are you like one of the, are you like one of these Weft secret agents who's out there, like as a Illuminati making us eat bugs? I'm gonna bust all the questions in one shot,

right from the market makers. to the speculators uh to the speculation creators wales correspondents and the illuminati participants um i've been to all of these places from the deeper side of the markets to you know enclosed rooms with largest whales uh especially now uh because of that goes i just mentioned digital asset treasury and then from davos to Wyoming blockchain symposium I think we as humans and societies have this perception of blaming things to conspiracy theories. More in the West than in the East, but more so, you know, largely people tend to do that. We want to have this unknown force guiding the evil.

And evil is always a perspective of that person. So starting to quickly kill the perception around the Davos and the Wyoming symposiums and so on, these are large assemblies of people definitely trying to find a decision or a direction, not a decision, but largely a direction in, let's say, finance or impact or socioeconomic impacts. And there's not a single person that is the day that that decides under the closed room that, you know, let's produce a several metric tons of extra carbon monoxide or carbon dioxide and like freaking melt the world down, right? Nobody is doing that. There is no such party sitting and planning that. And I know as much as we'd like to believe that there's like this one family or one person, at least.

probably in my limited capacity and I've been in all sorts of room, that doesn't happen. Bringing the same concept to market making and the broader macroeconomics of not just crypto, but any economics. People think, oh, well, you know what the government has to buy, so somebody would dump it. Look, I might not be entirely informed, but as long as we have seen the markets in the last few months, there have been people that have bought Bitcoin at a few hundred dollars and have been patient enough to hold it for 10 years. And they see all this macro capital coming in from all part of the world into Bitcoin. And they feel like it's a good time to exit. They feel like if they will sell, you know, I think yesterday or a few, yeah,

yesterday we saw 24th. Sunday, the 24,000 Bitcoin guys. And, you know, an easily trackable, thank God, thank God somebody published the forensics around that, which is not too, you know, complicated or sophisticated in that matter. You know, somebody sold 24,000 of Bitcoin and bought some Ethereum on that. Right before that, there was a 110,000 Bitcoin sale, and we were able to track the person who bought it. I mean, we were not able to probably track exactly the person, but again, there is a speculation around. around rogerware and so on but you know all of that is speculation the baseline being somebody who had enough bitcoins and saw enough liquidity in the market um decided to sell uh do you think a market maker or just for that matter a single party would try to manipulate that um try and

weigh the the balance between these two facts on one side there are a mega buyers like, you know, micro strategy, now called strategy, you know, Michael Saylor, Metaplanet, and a zillion other digital asset treasuries, digital asset companies that have raised billions of dollars and that are raising billions of dollars, let alone, you know, nations and sovereign wealth funds and wealth funds and individuals who are ready to buy Bitcoin at any price, they are already buying it on a daily basis. Do you think there's a party that would want to manipulate the market and bring the price down against these guys?

Because manipulation essentially requires you to sell it and then buy it and make profit in between. Like how can you sell Bitcoin today and not face a loss with all these people ready to buy in, right? So by the time you're trying to manipulate and bring the price down, these guys would just like come and as we call it in crypto, ape in to all the supply that they're getting in for cheaper so eventually the manipulator ends up being manipulated and and from that perspective and i'm trying to be as a statistical

and trying to put more logics for everybody to understand i don't want to name names but do you think this is this is even logical for anyone to to try and play i mean yes it was very logical to play that with smaller coins and it was probably possible in the era when they were like, you know, the tethers and large supply creators or liquidity creators in crypto that might have done it. But again, look at the odds. People have always been bullish on Bitcoin and especially in these markets. So I still have a tough time believing that somebody would, you know, try and manipulate and kill the price only to be, you know, killed by all these buyers. Yeah, I think that that's exactly right.

I think somebody just had a whole lot of Bitcoin and sold a bunch really inefficiently. Maybe they had a short on the other side or something. But the bottom line is a whale could try to manipulate the market and they may get wrecked, but it's not a market maker per se who's doing it. A market maker is just keeping a tight spread and making a money and making their money by creating more efficient market that people could actually traded. But I mean, we've had all kinds of these claims all throughout time, right? Everybody remembers the Binance and Wintermute are manipulating the markets a while ago. I would actually love

your opinion on that. We have the Donald Trump is manipulating the Kanye West token market. I mean, you know, some of these, whatever. That said, like you kind of mentioned, on these smaller tokens, it's pretty easy to move them. Look, they've been recorded and well, understood sequences of events in the past where Alameda and FTX were actively manipulating the market because they were in a position of, they were in a position. Why would I say that as an exchange and now proven they, while they also, they had the data of people and how they were playing with their money, which is only by the way specific to an exchange to have that kind of data, they also had their capital. So for those who don't

understand how FDX worked, I'll quickly wrap it in 30 seconds, they were essentially in the business of bringing everybody that included exchanges. You know, they bought out exchanges like, you know, Bitmax back in those days, now called us index. They bought out VCs. They bought out projects they bought out treasuries and eventually they're their one term to invest in any of these entities or players in crypto was to bring them on their own custody so everybody would come to ftx custody and now the number being shown on your dashboard is just a digital number you know on off of ftx it is not essentially the number of token truly held in their custody they might have moved it to Alameda and Alameda might have sold it on seven different exchanges. Now that is

real manipulation done by somebody in a particular case of an first of all orchestrated crime and then secondly sitting at a position of knowing the data and because they had this two data which is how much is the total supply you know which is inside the FTX ecosystem largely that was 100% of the ecosystem you know minus Binance and a few other exchanges. didn't matter and then at the same time not just that data also the liquidity right and the intent to do that so i'm not outright rejecting um the idea of manipulation but again remember that wasn't happening and they were not able to do it with uh bitcoin ethereum and guess what they were still not able to do that with solana which was one of their largest their own token in

in a way they were like quasi solana and and you know fdx so so you have to understand that it is it's just not possible financial markets are highly speculative because it's a broad it's a macro calculation or macro aggregation of retail of tons of parties and nobody knows where would the weight lie amongst uh amongst the consent of the consensus so listen market making the tokens that you do the rest of the market right i have to imagine that there are people who are terrible at it or who do see some sort of incentive with something smaller and then those who are doing it ethically which i know you are obviously because i've known you for a very very long time so i think when you get into meme coins i mean there's definitely it may not be the market

maker but there's a lot of insiders and kind of crazy you know early information on contracts and all these things, I mean, this is a casino that's rigged to some degree when you get way down the risk curve, right? Yeah, I'm going to simply continue with what I was saying. Once you are in a position of power, which essentially means the majority of the supply, then you are clearly a decision maker of the fate of your token or your coin or your markets, as we call it, in technical terms. Now, ethical, non-ethical is definitely a choice that people have to make. And sadly enough, in financial markets, not just in crypto, but we have seen that over and over in finance. You know, we've all seen these movies like The Big Short, where let alone the banks, even a portion of government is involved sometimes innocently, but definitely involved in the manipulation of that market.

So like I said, I wouldn't outright reject the idea of manipulation, but at a certain place and at a certain time. So that applies to market makers also. Now, crypto is very, very, let's say, nascent in its own way, in its cycle of evolution of finance and fintech. And so are the participants of this industry. but because we are still not at a state of regulation where governments can come in and in a sort of regulate market makers to a degree that they do in the traditional space almost everybody has a chance to call themselves a market maker which is again not too fancy but at least all the streams of businesses and that's where people can make easy money

what do I mean by that I'm simply implying that anyone like six plus of my own ex-employees simply, you know, resigned and started calling themselves a market maker because they had two things. They had my deck to copy and they learned from the internet that there's something called a hummingbot or, you know, there are some other open source GitHub repositories that they can simply copy. And it's a bot to shoot order on the order book and for them that's about enough market making to begin so the the entire landscape from the project owners to the which is the participant to the service provider which is the market maker in this case is basically built on the grounds of ignorance i can call it innocence but you know i i believe in a

philosophy of life and business which goes like in life and business in a sense is not an excuse so but but you know sadly enough that's that's that now having said that that you know this is the base layer there are definitely players who choose to be ethical versus being not ethical and let me explain that with a very simple analogy and you can definitely stop me if I'm going too long and broad with my explanations you know it takes you millions of dollars to build a security for the home especially while I'm here in the US I'm looking at I'm visiting all my OG crypto friends. And I was at the home of David Chom,

you know, the father of digital currencies. And he was just like elaborating how his house has been built on security with all the craziness going on on the crypto guys. And he was just simply saying, you know what? It takes millions of dollars to build that security, but it only takes, you know, a hammer of $10 to break it. Right? Same is the case in crypto.

finance you know it takes uh people like us eight years of building the best infrastructure building the best security uh hedging around around instruments trying to save our clients from you know ill effects and ill intents but at the same time look i have to accept it even we get exploited right and i'm talking about having the best teams possible for the last eight years building a hedge fund and still getting exploited. Now, I can only imagine what happens to these poor, you know, my ex-employees and other smaller market makers, let alone the bigger market makers. So when we get exploited, I mean, my clients face a negative impact,

which means they might lose treasury, they might lose price, they might lose a bit of reputation. Think about this, like a 40 to 90 people team that is working, tirelessly, including myself, and you know, Scott, how I work, you know, I just slept two hours this night for the last eight years to be coming on screen and saying, you know, even we get exploited and there are places where we explain the whole incident to our client and tell how we have been exploited, right? And all we can do is say sorry. While others don't take this route and they simply blame it to this conspiracy theory that, you know, there is this random that has come and sort of sold the token.

Actually, David was talking about this phenomenon as well. He has his token for the last many years, his network, Elixir XX network. And he said, Godf, I actually had this question to ask, you know, my market makers keep telling me that somebody simply comes and drops a bomb of a supply month after month for the last few years. And I said, David, do you think it's even,

Is it even possible? You know, your token has been out for like five, six years. How can somebody have access to that supply? And like without thinking like a clockwork comes and drops a bomb. No, it's just an exploiter who accumulates tokens through the month and just drops it on you on a single day. And that's because they have cracked through the algorithms of your market maker. Right?

So I'm simply trying to imply the fact that it's super tough to judge between the band, that I just mentioned, which is, you know, ignorant and innocent service providers, unethical service providers, and people who are just trying to save their reputation or ego by saying, hey, there is this magical party that is simply, you know, that keeps dumping your token. Do you have any insight? I keep getting questions in the comments over here. Everybody wants to know about Wintermute and Binance. Like, do you have any insight on any of that? Because apparently people, believe that, and I don't know either way, so, but that's, you know, that finance is manipulating

the price of tokens in some way using winter mutes. Well, beyond the already exposed evident facts, I wouldn't have anything to say. Both of these parties are not just friends, but also fellow industry participants, and a lot of what they do does fall into compliant. let's say, authoritative actions, they actually own the token they are selling. So, you know, you really can't question them. It's just that, you know, either the project hasn't announced the fact that, you know, they have, they've paid whatever, four, five, six, ten percent supply to certain parties

during their listing activity or marketing activity or community activity. And hence, the community thinks, you know, these evil market makers and evil exchanges are selling it dude they own the token they're selling it what can you do about it well uh you know as a community you you should actually actively uh think about the fact that you push the project to go on binance and then and hence the project has to pay whatever they have to pay in terms of community activity and and you know airdrop to the alpha community finance alpha community and so on and that community might decide to drop and and sell it right so just clearly so the the mechanics are somebody wants a listing on a centralized exchange, a big exchange.

This is not unique to finance, I would assume. So the exchange takes a percentage of the supply as payment for the listing. Is that correct? Not exactly for the tenant. Yeah, sometimes. Let's put, yeah, good to put diplomatic words in between. Yeah. And then a market maker obviously has to hold a significant supply of a token to be able to

create the spread. I mean, you have to be on the sell side of the books and the buy side of the books and you can't be on the sell side unless you have the token. So I don't know if that's a payment to them or part of the mechanics. Yeah, I'll interrupt you there for a quick second.

Well, market maker doesn't actually need a whole bunch of supply because like if the token is liquid enough, they will need very little towards the... To keep the spread, right? They just need to get it. Towards the spread, you know, yeah, towards where the market is sort of joining. And if the token is, not doing well and they have to let's say manage a broader price range in the broader book then

it doesn't matter like they don't have to have a large percent of supply so yes in a way market makers do use this this spread and liquidity provision strategy as a means to exploit the project for large supplies while they don't actually need it and to go back to what you are saying in the in in in the in in the case that you are building with winter mute and finance let's say as an as an example in this case winter mute is just an a party acting on behalf of of finance and finance is just acting responsibly you know so so when you're a market maker in that case is just the execution client says it's just the execution party yeah they're they're essentially they're essentially just doing

what their their party is telling them to do Right. Okay. So how does a new project or a token that's maybe languishing from a previous cycle or something like that, how do they choose a market maker, know what kind of deal to do with a market maker, make sure that the market maker is acting in the interest of their community? I mean, we only have a couple of minutes left, but, you know, like, how do you approach? Yeah, we approach this through transparency. I think the reason I'm in blockchain industry in general is because you can actually build trustless systems. And we have sort of built that despite of being in a fully centralized environment and a service provider of centralized and decentralized environments, which includes centralized exchanges, dexas, lending borrowing protocols, and lending borrowing applications. So we provide 100% transparency into every single order, every single token that we have either borrowed from the project or that they have across their accounts or their markets. I think that's a very, very simple way of solving it.

You know what? It hurts even to mention the fact that people have sort of found ways to exploit this transparency. And I'm sorry, there is no straight answer because, like, What would you do if people are giving you back office? So let's say we give you a back office to every project where they are able to track every single order and every single penny that they have allocated to us or borrowed to us, lend it to us.

Guess what? Other market, some market makers actually give that dashboard. And recently a whole bunch of project that shifted onto us realized that while they were able to see, let's say for a notional number, 10 million of their supply, not dollars, 10 million of their token supply, on this dashboard, well, when they abruptly signed off the contract, killed the contract with them, actually the token didn't even exist.

And the market maker came back with an apology and said, hey, guys, I'm sorry, that employee did something wrong, and hence the token don't exist. Well, the employee might have done something wrong, but why does your freaking back office show a number that doesn't exist? That's fraud. So I would say keep testing And most of these are regulated entities at this point So like I

Everybody's a regulated entity Yeah yeah exactly like I mean Somewhere The struggle I have and I like I have zero insight into it obviously But maybe in the old days of exchanges There was a lot more of this going on But since they actively were literally sued by the SEC We know that there's regulators and you know

Entities watching every single move I just can't believe that they would commit massive fraud at this point when they're literally being audited and watched by the United States government. I'm going to take a- I could be I what do I know I'll I'll quickly by the way this is the funniest comment ever I just got here why is Scott interviewing Rand because how many times have we been in conferences together and people come up to you like for your autograph and picture thinking you're Rand is thinking I'm ran in Rand's event man and I keep telling this story again and again where some some idiots i i'm like infuriated by this thought idiots who have been to my home a

few times and have already met me and and they talk to me hey man i've been watching your shows for the last five years it's so good to meet you i'm like bro you were like at my house eight months ago how could you have such a such a bad memory uh coming back to to the point we're to wrap it up so yeah yeah yeah i'm going to quickly exchange my my my place as a host and ask the right question, which is what should what would I do if I was a token project, right? And this is probably the most critical and the most important thing I want to share and take out to the world. Truly because of my compassion for this industry and I really want to see this grow. You have to decide between the community demand of getting on all the

exchanges, da-da-da-da-da, or actually doing the right thing. Look, I'm not going to and name names but you know like scott said unless you're going for a super regulated exchange i can definitely name them you know okay x uh by bit uh crackin coin base right unless you're going for the super regulated exchange man i mean just think twice you know exchanges are involved in a lot of dubious shit and uh you know listing there essentially means giving them an exposure to to commit a fraud against you uh what you just said is that the unregulated exchanges perhaps uh you could accuse them of some things like where are the where are the regulated is a bigger question like you can get regulated in saint whatever which is an island of the size of this table where my

laptop is kept uh they can also regulate everything you know uh and and that doesn't mean anything for the exchange, you know, in terms of doing the right thing. So look at where the exchange is regulated. If it's MECA compliant, EU or American exchange, well, great, go for it. But if you're giving away your supply, the second point being, if you're giving away your supply on the name of community effort, airdrop, you know, integration, whatever, you have to understand it is your exposure to risk. they have all the right to sell it. I'm not saying they will sell it to kill you,

but I'm just saying they will sell it probably at the time when you don't want it, right? Again, we all appreciate CZ for exposing FTX and for actually being the trigger and the alarm against FTX, but guess what? That was also a choice Binance made to sell the tokens that they had in their custody at the worst time when Alameda was almost illiquid, right?

So think twice. You probably don't want to get all the exchanges. Just take one small exchange, which is your bare minimum of achievement, then only aim for, like, if you're aiming for a tier three exchange, if you've got a tier three exchange, only go for a tier two. Don't get listed on a zillion exchange. I don't know why do people have this fantasy of getting listed on that. Perception that they have.

Now, I think that that is really, really good insight. There's people in the comments who are saying that this stream was, sponsored by finance no man this space is so wild my god imagine thinking that anyways the best story is by the way

as I let you go is not the many times that people have confused you for ran with me it's a time that I came to Dubai in the flood I barely landed it took me like 10 hours to get to your house from the airport or something and then Mario Nafel and I were supposed to do a panel at a conference that basically got flooded

but you and I made it and he didn't. So we pretended you were Mario on stage. And you and I got on stage. You and I got on stage. We pretended you were Mario and I was interviewing you about decentralized media. We literally pretended. Yeah, of course. And then we got off stage and a guy came up to you and thought you were ran. Immediately when you got off stage pretending that you were Mario, that actually happened. Remember that? Man. Yeah, those are all funny stories. And I don't know how do I, how do I shape shift so quickly but seemingly i can impressive oh man thank you for the insight guys you can give goreva uh obviously a follow he's linked down below on x and uh if you actually you know need

ethical market making or good advice on your uh token so that you don't get uh rinsed and beaten down like this he's your guy that's my quick this this stream paid for by ran nooner and Mario Noffel and Perci. And then Scott, let's also not forget to mention the fact that we truly understand that the space is tough to imagine and find the best partner. And that's why we have stepped up to offer, you know, in partnership with Scott Melker and Wolf of All Street, a free month of market making test, which is a $10,000 worth of service. If you say Scott's friend and you text us on our telegram or email, you will indeed get a free month of market making.

That is extended, that can be extended up to three months, which is almost $30,000 of service. You get to see what we are capable of. You get to see the goodness of market making that can come to a project through this exposure, through this free exposure to these services. And thank you, Scott, for bringing that news out. bringing the word out. Thanks for waking up. Appreciate you, man. I'll go back to sleep.

All right, guys. I know we ran a little bit over on Chris's time, but really quickly, obviously. Today is sponsored by Aptos, not by Binance. Aptos. They're right there in the corner. It says it. You can see it in the thing right there.

And just a heads up for anybody who hasn't been paying attention, they have the third biggest supply of USDT on Aptos. Now we all know that stable coins are the killer app for crypto and are the future of crypto. and they just added them this year and they're already number three. Guess who they're after? I think it's Tron and Ethereum.

If you believe stable coins are going to be huge, you want to start looking at the chains where they're going to be the biggest and aptos, fast, cheap, secure, and growing tremendously fast. And, of course, now we have Mr. Inks. Maybe. Are you a manipulating market maker? Man, I'll tell you what.

I've got to be honest with you, man. I'm so glad you just had that segment. that has been the same thing i've been like till i'm blue in the face trying to let people know because everybody's like oh market maker market maker market maker is is manipulate i'm like no you know if you're hired by the exchange to provide liquidity it's so that you fools can get in there and trade otherwise you'd be chasing price way off from where it is and they get paid on that difference between what you know where that price is and what they're getting it in at and you know and they try not to hold on because you never know if price is going to continue to go up or down they're just providing

liquidity but man thank you for having that on there that needed to be said um unfortunately a lot of you know i was looking at the comments as well uh you've got a lot of very misinformed um you know traders in there unfortunately no i'm this stream was paid for by binance gorov is neither ran or mario he's actually z oh man i'll tell you um but you know it's it's tough again you always say this man it's tough when you're first getting into the markets before you understand. It's tough. And everything seems like a conspiracy. And everything seems like, you know, people are trying to, um, to, to dupe you know. And, uh, it's just easier to blame somebody else, right? It's easier to say, Wall Street's manipulating me or crypto whales

are stealing my money than it is to say, well, maybe I didn't actually know what was going on. And, you know, what do we get into? Is that a finance logo on your Tom Petty poster? Not Binance at all, very much before Binance was even a flicker in anybody's eye, I guess, back down. From my hometown, Gainesville, Florida. Gotta love it, man. If you don't love Tom Petty, you're wrong, I'm telling you. Yeah, literally you're wrong. Like, you can think market makers are conspiracy, have your own opinion on that,

but you can't have an opinion on Tom Petty. That's right. Not on Mr. Petty. Nope, not at all. Oh, thank you. But anyway, so yeah, so just really glad to see that you had that on there. And hopefully people are seriously stepping back and listening rather than, you know, regarding a lot of nonsense because the more you deal with the nonsense and kind of believe it's true,

the more difficult it's going to be for you to ever make money in the markets, especially consistently consistently. Yeah, I mean, the problem I have with the market maker thing, I've never looked into it. But like, just because like tokens are moving from one place to another does not like, we like to jump to a lot of conclusions from limited information. And I'm trying in these cases to get more information, you know, like I don't know. Like I said, it's tough. You know, it's tough at the beginning when you don't understand what's going on.

You don't have any real access to information as far as how markets really move and what's going on and stuff like that. And it's easy to get, especially in social media, it's so easy to get caught up in all the conspiracy theories, you know. But hopefully, hopefully people are listening, you know, and even if they don't necessarily believe it right off, they're thinking about it. Because that'll be the first step they need to get to. But here we are with Bitcoin, man. So we've got, you know, a bit of a dip down here. Are we done potentially? But again, if we continue coming lower, we've seen.

still got our 106, 250 kind of target down here. Now, this is the monthly S-1 pivot. So this will go away on the 1st of September. It'll change. But right now, I mean, it's looking pretty clean on the pullback here. If we can get above 117, 440 and a half or so, this is, by the way, this is the Bitcoin all-time high index here is the specific chart we're looking at. But yeah, if we can get that, based on the height of this pullback, we've got a pattern target

up here at about 134.5, 134,600. So, you know, that's a nice next target coming up. In the grand scheme of things, all we've done is pull back to our previous resistance as support. As a matter of fact, we can grab this local range right here, pull it across, right there at the EQ of that range. Absolutely beautiful tag there. As I look at your chart and mine, 112 really is key here, right?

Because it's either string or resistance. I mean That's exactly what I'm about to say Yeah we're having that that initial rejection right here But if we can get some push up into that We've got some supply right here But man if we can pop up on through that Things are looking pretty good honestly

So you know but again that right now with the way we're sitting here That 117 440 and a half basically is this you're kind of your line in the sand right We had our initial you know just slight dip below the range support here Rallied up into the EQ of of this range here, but as always tell people, you know, one day does not make, you know, a trend and you need follow through and we didn't get that. We were looking for a pullback basically to where we got it here, and then we were looking for a rally up and we didn't get that.

Instead, we got to drop down further so that, you know, of course, keeps that open more toward this potential downside target here if we get any further on that. But overall, I mean, the structure is pretty nice. Again, just to pullback to previous resistance as support right now. So not hating it at all, just, you know, biting our time. And, you know, we'll see what happens today after, you know, Nvidia's has their earnings today after the market closes. Yeah.

So I think, man, you know, they haven't missed in like, I don't know, years. So, you know, again, if they're coming in, you know, good again, I think all markets kind of pop with that. I think that's kind of like the big thing people are kind of maybe waiting for right now this week. And then next week, well, we got a three-day weekend coming up this week, you know, Monday of next week is Labor Day. So listen, guys, if you're in the U.S., but even liquidity in, you know, the U.S. has put so much liquidity in crypto that, and I know people don't like to hear that. Oh, the U.S. thinks the center of the world, but it really does. And the fact of the matter is, even though it's a three-day holiday, it usually starts on Friday.

It's usually like a four-day holiday because those that don't take the four days, you know, know, for the holiday, take that extra day. They're either out by half day or while they're there during the day. They're really not doing anything. They're crumbling up paper, throwing into the trash can, you know, playing basketball, not really doing work. So I think the liquidity drops off end of the week through the weekend until next, you know, until next week when markets open.

And then what? Then we have that next Friday we have employment, unemployment coming in. So those are really what you need to be watching if you're looking for some sort of narrative of when or if you know we might see markets start moving um but yeah i think you know as we get to the end of the end of week i think liquidity kind of drops off everybody to be sitting by their computers this weekend trying to hopefully make money and in crypto and you know it'll maybe just kind of do some sideways but um yeah so that's bitcoin um really here i've got these three charts i've got tia usd here and i bring this one up because this is a really good look at what

most alts are looking like right now so they've basically got a one and a two right and then they have five waves up so a one and then three waves on the pullback here is a two so all we're looking for is for whatever alt you're looking at if it should look pretty similar to this for most of them um as long as this low holds here then we just need a breakout above this swing high and it's crazy you'll see them again they're going to be five waves up like that and three waves pullback like this just barely sweeping this low. But as long as that low holds, and you get a breakout above this swing high,

in this case, it's $1.90.5, we should be good to go up higher. So that means on this one, we've got a minimum expected, you know, circle wave three target here, $2.48. Five waves up about $2.76. But then you have your larger one, two here,

which has a wave three up here, $3.78.5 cents. So you've got a lot further upside there to go. Just watch locally here. Just look for this one right around the beginning of August on your charts. As long as that low holds, we don't break down below that. And we break out above the swing high around the 23rd of August. Then we should be looking for a breakout above, you know,

right around July 21st where that swing high is we should be looking for a breakout above that. But this is Tia, you know, specifically here. it's all about looking for the setups guys okay this is doge now i had doge on with you a few weeks ago i still really like it again similar setup right we've got the the one up the three back we've got five up here and then three back with a slight sweep here so again august second august third this area around here as long as that low holds and we break out above this kind of 23rd 24th of August swing high here, we should be looking to break out higher. So for Doge here, that's 0.245, so 24.5 cents, we can break out above that.

Minimum expected wave, you know, this local 1, 2, 3 up here has a target of 0.33, 647, 5 up there, 0.375. But the larger 1-2, which, by the way, we should be in progress with this wave 3 because we did break out above the wave B here. but this larger degree wave 3 has a minimum expected target up here at 0.58355. So, like in the setup there as well, just looking forward to do its breakout. Again, it's all about the setup, guys. Don't jump in just because.

Because if this breaks down below this swing low here, that invalidates those targets, right? And then we start looking like this being a 1 and then a 2 maybe down here. So you want that breakout here with this. low holding to do that on these alts that look like that which again are quite a few of them um and then i've got this mog one and i'm really liking mog at the moment here it looks like we've got a leading diagonal looks like i've got abc one two abc three four abc five here and then an a b and working on a c now we could potentially be done right here around this 30a 2 because it's a leading diagonal and this is where you have all the overlap

But if it does break down further, we can get a throw under here toward the 50% at all those zeros in 72. But what we're looking for is a breakout above this 161 level. We can get that. That gives us then a wave three target up here, minimally around 2045. And that's like 2,200% or something like that. It's a pretty great move.

But I'm really, really liking the setup here on MOG at the moment. So we're just trying to say, you know, are we bottomed out right here at 382 or we're going to pull down maybe around the 50 cent area you know if you can draw your descending resistance here breaking out above that will give you an early warning that the low is likely and we're going to break out above that which gets us you know up there to that higher target but overall that that's what I'm kind of looking at and again you know the Tia thing that's just again if you're looking if you maybe you're not into Tia that's fine but look at your

alt for that same structure come back watch this uh recording that Scott will put up there again afterward, pause on it and look at your alts and see if on the daily, if they're looking pretty similar to that. Can you count the five up and then the three back with a slight sweep like that? If you can, it's going to work the same way. And so you just need that one load of hold from the beginning of August, break up above that August 22nd, August 23rd, depending on which chart it is, swing high there, and you should be rallying take out higher there. So, yeah. So you're looking for a pretty bullish fall. Yeah, yeah, yeah. I don't see any reason,

now to be bearish at all. I know everybody wants to be, but even, you know, even on Bitcoin, it's like, oh, the top's in, the tops in. But if you zoom out to the macro, because if you're saying the topping, you're talking about the entire cycle, right? We haven't, we haven't broken down below a previous high or low yet. So, I mean, market structure is still bullish on your cycle timeframe. So, yeah.

You know, it's not bullish that my face just somehow, like my camera just broken. Amy. There it is. I was wondering about that, man. Sometimes it's weird, like with these cameras that have, like I have a, now I have a Sony, like you can shoot a Netflix movie on this thing, right? Like a Sony FX crazy camera. But sometimes when you have the linked cameras as opposed to that something that's a webcam, they do these like weird glitches in the middle of stuff. And if you're not paying attention, it's just weird. But I, you know, I already have a long head. The last thing I literally need is the world, like to stretch my head out worse, like a bad TikTok, Snapchat, Snapchat, snap talk. tick chat face whatever it is right insta real i don't know yeah yeah that one it was the instoreal filter got my face x that's all chris people can obviously check out your group you guys give tx west capital follow uh great to have you here as always everybody in the first side it was like rins cruz showing up people in the comments man they really glad people are actually looking forward to it you got it man all right we'll uh see you next week man thank you thank you Thank you, everybody for watching.

Watch out for those evil, evil market makers.