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It's a terrible day for Regulators it's A terrible day for floodsters it's a Terrible day for frauds it was a good Day for us it's a great day for the bit Squad [Music] Thank you [Music] [Music] Now the graph is one of the ones I was Looking at you know maybe accumulating During the bear Market I did it I didn't Accumulate any I think I have like some Dust dust on coinbase yesterday I went In well two days ago I went in on graph Finally I've been watching it okay okay So if you look at the this is the six Month chart it doesn't look great folks I'll be honest with you it looks like uh You know dang I should have got in here I don't even know if I want to buy this Guys let's pull up the max chart okay They had a significant early uh pump in January of 21 let's see okay well Technically February okay so it was February not January but really started To move uh right there you see it was Above two dollars yeah that rest of the Chart there it looks pretty flat yeah We're up above uh you know SPF collapse And everything else uh yeah November This would be around SPF here you can See that's the same embankment dump Right there and then you know just very
Very bearish sentiment in the market Overall then you see the AI pump uh this Was Singularity AGI X but when you typed In AI under categories you would see the Graph and I think you know a lot of Their pump was attributed to that still Looks okay and so I'm not hating Accumulating the graph here all right so You know with crypto Market bitcoin's Been in an uptrend obviously it's been a Fallback here recently coming off of a Short squeeze that took place back there On April 10th I had actually been Looking for the short squeeze we ended Up getting it we ended up pulling back We're at the 50 uh the 50-day moving Average currently right now and we've Been sitting here for four days after a Big fall three days in a row still it's Holding that support typically in these Types of things we actually you know you See bearish divergences emerging up in Here typically these things will ABC They're way back down so we may be here For a little bit of time and but for me Personally I look at the bigger you know Bigger picture of everything I do this With Ben I did this all through June Through December and January when Everybody's screaming for twelve Thousand dollars it's just that we're Exhibiting the signs of coming off the Lows you can look back to 2015 you can Look back to 2019 here we are in 2023
We're exhibiting the science these are When the low has already been put in Question is that the the big debate do We go to all-time high do we just go Back into a retracement not really going To debate that today it's just that we Clearly see the the behavior of what Happens after a prolonged time period of Moving down and then the oscillators Moving their way back up including the Relative strength index which the Relative strength index uh they're you Know it oscillates between zero and 100 Typically you're never going to see Zero You're never going to see 100 but you Can get up there into those 90s 96's Which we've seen on the monthly time Frame for Bitcoin this would be Massively overbought however when you're In a bowl Trend and you're continuing a Bull Trend 40 is supposed to be your Support level when you're in a bear Trend 60 will end up being your Resistance level to where you're not Able to get through that 60 and you Continue being bearish but what we see Here is that again once again Bitcoin is Able to hold above 40 on the monthly Time frame as low gets put in as the Oscillators start moving their way back Up so in the bigger time frame things Are looking good just looks like we're In somewhat of a temporary pullback in Here after getting a breakout that took
Place by holding us down for about nine Months we still have this Gap in here There's also a volume gap on the fixed Volume profile that right there so we Pretty much closed all volume gaps Except for this one right in here my Best guess is that we're going to Eventually fill this thing in we'll Eventually see but that's my thoughts as For xrp we've been watching this as well If you look back at xrp over the course Of the last 10 years I guess we could Say at this point now for xrp oh that Sounds weird is that we It does yeah uh yeah you're talking About fun man we've we've had it all We've had it all but if you look back Here right here Okay All right man crash retrace Reaccumulation takes place before a big Blast this is exactly what we actually Ended up seeing for Bitcoin back here in 2018 through 2020. crash retrace Reaccumulation 4.236 extension reach out But this is what we have for back in 2014 through 2017 looking at it on a Bigger time frame it looks very very Similar and we can see that this Retracement this reaccumulation what do You know it happens to be identical to What we have going on right in here the Precisely the exact same size I believe They're 81.8 percent exactly for each of
Them so what are your thoughts of Polyhapatia in general Drew because You're the truth you know he's coming Out he has bold proclamations yeah it's A very polarizing figure what's the Juice take Um I mean his his price targets are are Pretty conservative Um you know looking if he's still Looking within the one to 200k mark for The next kind of all-time high or you Know bull market pop-off I think that's Within reason Um where I start to kind of off yeah Just pop pop yeah shout out to Hurricane Earthquake shout out to earthquake I Just don't think we're going to like 300 400 or 500 this next round yeah um kind Of I'm keeping in mind diminished Returns we have diminishing returns you Know we go from a 20x to a 3.5 x we're Not going to go back up to a 10x [Applause] [Music] [Applause] [Music] Foreign [Applause] [Music] [Applause] Based files Court action to compel the Sec's response to a role making petition Uh yeah Brian Armstrong who's tweeting About this a lot they're basically
They're taken to the courts to to get The SEC to give us a yes or no to uh Some paperwork they've had pending since July you know just kind of break it down Like for uh like for a second grader Here look last July they submitted Paperwork you know the SEC says hey you Have to comply with all the regulations They said all right well I see the the Only form you have for me fill it out July of last year guys it's almost May Okay we're looking at 10 months ago they Gave it to them in July and uh I forget What the legal term was Um let's see narrow action yeah there's Like a legal term or they have like some Short amount of answer seems like uh the SEC has already made up his mind to deny Our petition but they haven't told the Public yet so the action they filed Simply asked the court to hey give us a Freaking answer on this um so I forget What the actual but it's basically in a Timely manner you have to receive it you Have to look at it and you have to Approve or deny in a timely manner they Gave it to him in July and so at a Certain point they're like look man we We don't want to go to the courts you're Forcing our hand here because what they Want they they want the SEC and crypto To act like some sort of mail slot in an Abandoned mansion filled with meth heads From Chas yeah I'm shouting out Decker's
Neighborhood here the mail goes in then What I don't know it's it's in a Crackhead's hands okay that's what I Feel like the SEC is doing it's like There are a bunch of meth fueled addicts Just receiving money and then uh you Know opening uh you know and then the Next thing you know it looks like a rat Nest okay just shredded paper everywhere I can't even imagine the the the lack of Structure the the just the lack of Controls that they have going on here And I remember reading I think it was Over the weekend maybe on Monday Half their people it's just basically People that kick indoors they have a Bunch of boot Stoppers and then they Don't have any kind of beam counters and They need more Bean counters they need More lawyers they need more people to Push through approvals not a bunch of People to put handcuffs on them because Hey guess what you didn't do what we Approved well I I filled this out in July and I gave it to you what do you Want from me okay that's the position That coinbase is in and uh it's really Not fair and I'm glad that they're Filing suit because look we will take We'll take it to the courts uh xrp It remains to be seen this could be a Great great strategy we're hoping that Is a great strategy and I think coinbase I think they probably have some pretty
Smart people they sold a lot of stock They have a big big war chest they Probably got a pretty big law firm uh Brian Armstrong he is a pretty smart guy And pretty strong arms to him this is The weirdest animal I've maybe ever seen I do like just the regular things of the Internet is that Gary Gensler no he's Got longer hair on the side That's an amazing that is a weird Looking creature very very odd so just a Nice little light-hearted piece of look At look at the eye contact there it's uh Creep creeping me out Tucker Carlson was Fired their stock went down Don Lemon Was fired their stock went up so Investors in CNN they seem quite happy That they got rid of this guy investors In Fox News Corp they don't seem as Happy 10-year anniversary of Satoshi Nakamoto's final message it was him Messaging me his seed phrase for his Bitcoin wallet with one just one quick Introduction is 11 years this was Written last year or two years ago so 12 Years oh yeah yeah 12 years ago 12 year Anniversary so uh a dirty dozen here he Left the community with a parting Message exactly 12 years ago I moved on to other things despite Dozens of plausible theories his Identity remains Elusive and their Estimated stash of 1 million Bitcoin Remains unmoved uh while Bitcoin was at
54 000 it was 54 billion basically you Just uh whatever the price is at a Thousand you just changed a thousand a Billion so coming in uh quarter hundred Billion dollars there uh pretty pretty Big dz's lesson today folks is happiness Happiness is very important okay I've Said what do we all want we want health Wealth and happiness oftentimes they Want it in the wrong order they want Their wealth then they want their health Then they want their happiness you need To want your happiness first happiness Can lead to health health because you're In a better position to be healthy and Then you're healthy and you're happy Then you're in a much better position to Be wealthy uh you don't want to be Wealthy and miserable you'd rather Actually be poor and happy am I uh That's my opinion there so happiness is Going to be the key term for today what Is happiness a lot of people it's it's One of those words that might have 15 Different meanings but a lot of people's Desire and desire is a contract to be Unhappy until you get the thing that you Want and so you got to be careful with Your desires folks I desire a large Crypto bag desire a happy life with cat It's okay to desire a few things but Don't desire 50 things oh I need to have A new vehicle I gotta have that Starbucks every morning I Gotta Have
This I Gotta Have the new shades I gotta Have the new Jordans I gotta do this Because you're going to end up with this This giant bathtub of desires where you Can't even make anything out it's just a It's a pool of Orbeez and then you'll Find oh I reached in and I got seven Orbeez in my hand I didn't really even Desire that and then you get it and You're just you're no you're not even Any happier I'll be so happy when I get That truck well guess what they get that Truck and then they're no happier that's Why you see so many miserable rich People So how do you be happy the first step is Realizing happiness is a choice Happiness is a skill but once you look At it that way it will open up your mind And sure I know there's going to be some DNA effects there's going to be some Issues some people are going to have a Better template they're going to have You know oh yeah he doesn't have to work Out he has six pack abs okay there's Going to be some people are just going To be naturally happier but you can Still affect it okay just how you could Still go the gym and lift away you can Still go out there you could choose to Be happy you could choose the path that Will lead you to happiness okay because A lot of it is just going to be peace How do you get peace peace is going to
Be from Detachment okay so you got to Detach yourself from the crypto charts You got to detach yourself from politics You got to detach yourself from whether Or not you're going to eat bugs in 10 Years you got to detach yourself from What xrp's price is going to be when Banks start using it okay because Detachment will lead to peace peace will Lead to happiness choose to be happy That's all I got busy out [Music] Thank you [Music] [Music] Thank you