I will not stand on the mat. Okay?
I will not stand.
This is my real height.
Why is there a phonebook here?
This is our new advisor.
This is @Fity--
@Fityeth.
You guys can find him on the Twitterverse.
He's our first official public advisor.
We've got a couple more behind the scenes.
The DuchessOfDeFi and myself, BitBoy Crypto.
Cassie and I are also going along with some other employees here.
We're going to Dubai next week.
We're meeting with at least one more advisor who's already agreed.
So we're going to go make that official,
which is big.
You guys will find out who it is.
And it's not Carl or Chris or--
it's not a YouTuber.
We love those. I mean, we love the YouTubers out there,
but that's not who it is.
It'll be somebody that will really be able to help us in some big ways.
But we're also going to be doing some cool stuff.
We're going to be going to Abu Dhabi for a day.
We're going to be having a Bitget party the night of the 23rd.
So a lot of big stuff while we're out there.
We're doing a lot of BEN coin stuff, you know, for that.
But I know Fity in real life.
He's a great dude.
Can't wait to see.
He's already added a lot of value in a lot of different ways to what we're doing.
So super excited to announce that.
If we can take out these lows,
put in a lower low here I kind of just show you,
we do have some support down here,
so I will look for a potential short-term move to the downside
before getting another bounce,
and then maybe that is where you get the daily starting to roll up
and that's able to push you back up to these prices closer to that value area low
at the levels I was just talking about.
So, you know, in the immediate short term, 4-hour could bring us down just a little bit more.
And if it does push us back into this white box,
I will be looking for bullish confirmations to go long.
And then, obviously, if that does wind up playing out,
I will be looking to take profit here.
And depending on what the charts look like at that point,
if I am--
if it is looking like we are probably going to continue to the downside
and reject this level,
I will look to short this level.
But if not, I obviously will look to just lock in some profits on that long
and then hold the rest for some potential higher prices.
But, again, guys, be very careful if you're out there trading
because there is likely going to be some crazy volatility coming in here this week.
But with that being said, guys, I think that's all I got.
- Well, real quick, Frankie. - Yeah?
I'm interested because we're going to talk about it.
- It's like the first story Deezy is going to talk about. - Yeah, yeah.
I know CoinMarketCap has Bitcoin like 47% dominance.
But BTC.D,
- can you take a look at that chart real quick? - Yeah. Yeah, yeah.
And I want to hear what you think about the dominance.
It definitely looks like we're close to conquer--
we got really close to conquering 50% on BTC.D.
But what are your thoughts? What do you see on this chart?
Do you think the altcoins can make a push?
Or do you think that we're going to continue to move to the upside with the dominance?
Alright. Let's see here.
Coming on to the daily,
so kind of what I was looking at on the dominance last time we looked here,
now, obviously, we did get a push to the upside here,
but something, you know, again,
at least, you know, when you're looking at Market Cipher,
which is one of the main things that I look at,
you know, you can see here with the money flow,
although we did get this pump to the upside,
money flow is still just kind of continuing to the downside.
So, more often than not,
when you're looking at something like money flow,
because it indicates the longer term trends,
unless it takes a little bit for it to play out,
especially when it kind of hovers down here a little bit,
until I see this money flow really start to make higher highs after higher high,
that is kind of where I would expect, you know,
a much, much higher push on the dominance here.
But with the money flow just still bleeding out,
I was kind of curious about this because we've looked at this recently
and money flow was coming out,
but, obviously, we have gotten a push up here.
And kind of what I was expecting was a push up to the highs of this range, right?
We have this value area high right here coming in at about, you know, 48.2%.
And then we have these highs up here, you know, getting a little closer to 50%,
about 48.88%.
Was expecting to come somewhere up in here before reversing,
so, you know, we could potentially see a rollover here as,
and then, you know, as the dominance starts to come down,
we see that money flow cross over
and then that would eventually bring the dominance down
likely a bit more there
and probably that would likely give the alts room to run.
You know, but this stuff does take time to play out.
So I'm just going to go ahead and stick with the money flow.
Again, until the money flow starts coming up and making new higher highs,
I wouldn't expect anything too dramatic out of this.
And I would have to lean a little bit more--
a little bit more bearish until, again, that money flow starts to come back.
12-hour money flow did cross over into the green right as you got that move up.
But, again, it might take time to play out here,
but, again, you know, not possible for this to flip around,
but until it does start doing that, I've got to start, you know,
I got to continue to lean that this money flow is bleeding to the downside, so.
Makes sense.
But, yeah, guys, that's it.
You got the levels of resistance and support and kind of what I'm expecting.
You know, watch that. If we do get a move up,
watch that 200-week moving average for some strong, strong resistance.
And with that being said,
shout-out to Deezy.
Oh.
I was going to do my outro
because Deezy is part of my intro for my live show
because we're right after ATB and I always say, "Shout-out to my boy Deezy."
So shout-out to my boy Deezy.
Back to him.
Bing-bong.
Alright. Algorand.
Algorand and Flow crash to all-time lows following SEC lawsuits.
Prices for a number of altcoins fell after they were namechecked by the SEC.
Algorand, Flow, Polygon, Solana, Cardano---
all these things fell pretty hard.
They all saw significant declines here.
Algorand and Flow traded hands at 9¢ and 45¢, respectively,
according to CoinGecko.
Both Algorand and Flow are down more than 60%
from their 29¢ and $1.39 highs just in February.
They're down 60% not from the bull market top,
from February.
Toppling more than 28% during a 7-day span,
this week brought the lowest price in both coins' histories.
I bought--
I market bought Cardano.
The coin I bought before that?
Algorand
I'm not saying I'm a biggest fan of their centralization
or, you know, what they got going on with certain people
that they're used to be in the White House,
but I'm pretty bullish on those because of those reasons too.
It's newer tech and, well, I don't know.
I think big money can choose winners, and if big money is backing it,
- hey, I'm going to try to back it. - And supposedly,
there's supposed to be bigger stuff coming out too.
- So, we'll see. Yeah. - Okay. Supposedly.
I mean, I don't know.
AJ. AJ talked me into it.
- Okay. I'm just going to blame AJ if it goes down. - Yeah.
- Alright. Couple-- - Self-transition here.
- a couple of Q&A's here. - Yeah.
$120K portfolio
25% ETH, 25% Bitcoin,
15% ADA and XRP,
10% ALGO/FIL/ICP,
- and then 15-- - 7% CRO
- Yeah, that math doesn't add up, right? - I don't know.
65, 75, 85, 95
There should be 5% CRO.
The rest-- oh, we had--
now, we're well above.
So you're already at 102%, and then you say the rest?
I'm just going to attack your math this whole time.
I'm not even going to talk about your portfolio.
The rest is a mix in SAND, OP, MATIC, QNT, APE, HBAR and SUI.
Adding $1,500 a month through 2023.
I like the, yeah, add $1,500 a month through the next six months.
You will want to slow down as we get closer into the bull market.
You're going to then pause for six months.
Maybe. You know, give or take a few months.
And then you're going to want to start selling for about a 6 to 12-month period.
I like it.
I would say--
ah,
I think it's actually a pretty good portfolio.
I'm not the biggest fan of 7% CRO.
I'd rather, you know, maybe go in some of the other that you have in the mix there.
MATIC, you know?
I would maybe put in more L2s than CRO there.
But other than that, besides CRO,
I like pretty much everything about that I'm seeing here. What about you?
- Yeah, I mean-- - No one can see it.
- I'm-- - 25% ETH, 25% Bitcoin,
- 15% ADA, 15% XRP - Yeah, I'm looking.
ALGO, FIL, ICP
- Alright. - Yeah, I mean, it's solid.
To each his own when you start getting to certain details,
- but there's some good diversification there. - Yeah.
Another question from bit frog.
"Why do coins inflate? What is the point?"
Most of the time, the point is the team to raise funds.
So they're releasing new tokens, selling them onto the market,
and then, you know, taking that money and, you know, maybe operations,
maybe it's Lamborghinis.
We don't know.
With Bitcoin, it's part of this distribution model.
Satoshi, you know, at first, it's him and then some buddies.
And then it's 10 people.
Then it's 100 people.
Then it's 1,000 people.
You don't want to release all 21 million Bitcoin at that point.
That would be probably not good for the health of the network.
What else do we got?
ADA
ETH
"ADA high next bull run?????"
- Good question there. - Oh, that's a good question.
Risky question for me to answer.
Not many people would answer this question.
Deezy will answer this question if you can get these likes up.
Where are we at right now?
I'm looking. Okay, we did get over 1,000.
I'll go ahead and answer.
So previous all-time high, you know,
some charts are going to say, you know, $3.09--
we'll just say roughly $3.10, $3.25, shortly above $3.
- You think-- - A little above.
- you think the high of the-- - No, no, I'm saying previous.
- Previous was $3. - Okay.
So, next time, I'm looking at a 2.5X-ish.
So I'm going to be looking at around $7.50.
- I don't think we can hit $10. - Okay.
I think there's a lot of sell pressure at $6.90 for obvious reasons.
A lot of sell pressure at $7, $8, $9.
And so that's why I don't think we'll get to $10.
"Can we use the First Amendment to protect crypto use as free speech
in protest to current economic policies and structures?
Regulation has a chilling effect on our speech."
Well, all PulseX sacrifices was labeled as an exercise in free speech.
And so that is an argument that has been used in the crypto sector,
in the crypto industry before.
I don't know if it's been tested in court, though.
But to me, code is speech.
It can't be any more clear.
It's freaking letters.
Speech. It is speech.
It is speech, folks.
It reminds me of the story.
I've talked about this story before.
The guy had the schematics for a 3D printed gun.
And the government tried to say it was illegal.
So, you know what he did?
He printed out the code and put it on a t-shirt then wore the t-shirt,
said, "It's free speech. What can you do?"
So, yeah, to me, free speech.
​"DYDX high for next bull run?"
I'm not sure.
I'm not too familiar with that protocol, so I can't really give you a good prediction there.