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0:00 Intro
00:42 BitLab Charts w/ Kelly
06:49 Grandpa has 10k to put in 1 coin
07:52 Mini Metaverse Bull Run
10:09 Ledger News
15:18 Token holders support Ripple
15:42 Deezy Lesson
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency #xrp #litecoin #dogecoin #shibainucoin #world #asia #americas #europe #middleeast #africa #southafrica #unitedkingdom #france #brazil #argintina #mexico #spain #korea #india #germany
The crypto Community coming forces Joining to say hey Ripple not a security Stop applying these 1934 laws to crypto [Music] Thank you Hey Uh well you know what markets every you Know we want to know what the heck's Going on I I did a stream this morning For anybody that doesn't know we do uh We have a bit lab YouTube uh channel That we I stream every day Monday Through Friday 10 a.m to 11 30. Basically leading into this show we talk About everything going on in the markets As well as not just what's going on with Price action and TA in charts but also Bridging those Pro strategies Advanced Strategies to understand what's Happening also in an understandable way So both pros and beginners can follow Along and learn and and grow into what's Happening and as it stands right now We have that we're forgetting our Patients at the moment you know when we Look at the history of Bitcoin the Majority of time Bitcoin you know we're We're all chasing that those giant Parabolic runs where the price is just Running and anybody that's been in the Space uh for a few years will will tell You that that's a small window of time In Bitcoin the the rest of the time it's Your job to have healthy Capital
Management and to make sure that you're Getting yourself positioned to be ready When the market moves not jumping in at The top you know jumping here onto the Chart we can see that anytime you see Price action go anywhere uh you know Even this Wick right here Somebody bought at the very top of this Wick now somebody that that bought down Here and was taking profits up here They're very thankful for whoever that Schmuck was that bought up here and Every one of us you me uh Ben DZ every Single person in the market that you That you talk to no matter how you Crypto face anybody every single person Has bought high and sold low at some Point they bought a top and sold the Bottom everybody's bought stupid Everybody's capitulated in a dumb way The point is how do we get out of doing That well one of the things is is Understanding that there's always buyers And sellers and we can just change when We're buying and when we're selling and To do that of course we want to look at This price action and so do we want this To go straight up well part of us does But if we really think about price Action and look even back here you know This is a global economic shutdown March Of 2020 People panic sold here somebody sold Here to somebody else that made the Best
Buy of their life and so when we're Looking at the price action as it is Right now people are getting worried That price action is you know maybe Flirting with retesting 25 000 and in Reality if we even just look at this Rollover right here this rollover just At the most basic level all this was was Retesting these highs right here this Zone this Blue Zone that we have came Down and retested it now this washout Here this is just you know people being Silly going as long as they can uh and Just get getting eaten alive by uh just Not healthy Capital Management when They're trading now looking at where We're at right now this is still very Very healthy for the start of this Uptrend especially considering Considering that uh price action uh let Me kind of go back here especially Especially considering that uh you know Thinking about where we're at we want to Be these smart money accumulators and Not these hype cycle these hype buyers With no conviction right and so with This pullback which you know we've Already had uh two of the small ones Re-re-uh emphasizing this downtrend Level of uh of previous resistance that We flipped twice to support we're still So far above that those zones I mean This is that zone I'm talking about Right here we've tested this twice we're
Way up here have we lost this level yes But we've got this key level that we're Still well above and I do think that at Some point price action whether it's a a Three-day or a weekly candle that just Has a wick a very brief sort of price Action that comes down and tests this Zone this 25 500 being the top of it uh Would be very healthy and it's okay if Price continues down if any of you are Upset with what the price action is Doing right now it's a good indication That you're either your position you Have too much exposure or you're not Aware of what your strategy is because You bought here because somebody else Said we're going to be going to 50 and Then it drops and you're like well if You bought it at top you know Not understanding what's going on it Makes sense that you're frustrated the Price is now below it if you bought it At the top And you're DCA along the way you know on Pullbacks for instance then that's fine I want to point out something utilizing Not only price action this rollover Found support bounce just pushed up Rolled over now we're trying to figure Out at what point this is going to Bounce is this going to be the bounce Where we have this small Wick right here Or is it going to push a little further Down well if we look at the the chart
And I want you to notice the colors on This chart this is part of the new uh The update to the bitlab trading stack All the indicators we have this is this Integrates the relative extrema into This and I want you to notice these Green bars flash green when the relative Extrema is saying that this is unhealthy Movement to the downside uh and so this Is not a Buy Signal in and of itself is Signifying that you need to start Looking for other signals or Price Action levels that you may be coming Into and what I want to point out here Is that we had only one green candle Here where we had a strong bounce and on The weekly we're getting this green Candle again right here now if we Actually come out uh and share all the Rest of the indicators we can see this Right here each time we get this Triangle the triangle on either side is When the first candle shows that the Movement is unhealthy in this case it Was unhealthy coming into this and then We rolled over unhealthy coming up to The zone and then we went sideways now We're pulling back and this is unhealthy Coming to the downside the the pink is Unhealthy for bullish action the green Is unhealthy for bearish action Ha [Music] Foreign
[Music] [Applause] Wants to put 10K into one coin this is From Sean Adams his second Super Chat Probably didn't type it in the first Time probably hit enter his head dang it Dang it uh so you got to write this time Sean I want to make sure I read this Grandpa is putting 10K one coin 81 years Old who do you go with what coin do you Go with Drew kind of started with Bitcoin I got it I you know it's it's Just I want to teach people about how to Self-custody if I'm choosing one coin Yeah I might go cardano you're because I Feel like grandpa is going to say okay I Spent 10K and I have .38 of one thing okay yeah and then he Wakes up the next day oh my 10 000 is You know 10 400. oh it's nine thousand Nine hundred eighty long I wanted to Wake up and be like I want I want his Eyes to fall out of it cardano would be A more exciting uh bag to hold in three Years much more so than Bitcoin but you Know I I just like the sovereignty Aspect of crypto and then DJing out from There but you know that's just me all Right first we're gonna run through the VR thing I'm pretty excited about this Apple VR AR headset could likely launch Early June spur metaverse Um could Fast Track the emergency all Right
Look new uh VR headset coming out we Don't know much about it uh there's Rumors like a lot of people are trying To get hands on it especially uh the YouTubers yeah but here's a little DZ Wisdom here's what you're not going to Hear here's another little DZ original I Pulled out of that specialist place There Drew yes what do you think of this Thought Once it is released and potentially five Days ahead the launch day potentially a Week or two after depending on the hype We will see a mini bull run of metaverse Tokens oh absolutely have you heard Anyone say that no that's a great take That's why you come here for the Alphabet now that has not dawned on me I've been thinking about because we've Been following the meme token uh season I've been looking at AI tokens but yeah I mean if metaverse uh Hardware is Actually done in a really good way at a Reasonable price point Um you know I think that that that could Actually spur a lot of activity on it But it'd have to be do you think it's Going to be decentraland or kind of this Well I think it would be not Sophisticated metaverse researchers I Don't think it's going to be the guy That's like found the next meta the next Sand the next ape I think it's going to
Be retail money coming in yeah I think They're going to go to coin gecko coin Market cap I think they're going to type In metaverse category they're going to Hit enter and what are they going to see They're going to see sand they're going To see Mana they're going to see ape I Think those are the top three I haven't Checked myself okay and so I would maybe Say if you you're into speculative plays There could be a little speculation There that's maybe the the market sees Zero connection but what we saw with AI And open uh chat GPT huge influx of Money into AI tokens people are Literally just hitting AI Tab and Yellowing in money we might see Something with the metaverse I don't Know I'm feeling pretty good I'm a Little overextended with ape I don't Hold any sand or Mana but maybe I'll buy A small speculative bag uh on coinbase Or something I'm gonna have to get I'm Gonna make action I'm gonna take action On this idea you just had because it's Very speculative but I mean I think You're dead on with it it's going to be It's going to be a Resurgence of the Same narrative all right let's get into Ledger I know we we're hyping it up were We going to talk about it what is going On what is the truth is it a scam do They are they giving away my seed phrase Is it all fud what what is the truth yep
Ledger releases extremely controversial Update users are leaving the platform I I that's basically what I'm seeing on Twitter Hardware wallet manufacturer let Release highly controversial update that Has some users abandoning it the update Which allegedly exposes seed phrases to The internet has been met with alarm and Dissatisfaction in the crypto Community Updates offers an opt-in Recovery Services feature that could potentially Expose seed phrases It's a unique combination of words that Gives uh access to the wallet this Concern would make users funds less Secure than if they're stored on a hot Wallet like metamask uh to vitalik's uh You know to his point he uses hot walls Yeah he does not use cold wallets I Don't use cold wallets either I've never Bought a cold wallet probably never will Back to uh Ledger here users on Reddit Have expressed their disappointment and Frustration with the update one user Noted Leaguer it was nice while it Lasted but it's game over the sentiment Was echoed by others who now plan to Purchase new wallets and transfer their Crypto assets uh Ledger recover is Currently compatible with Nano X and Available on Android and iOS running the Latest Ledger live version is an ID Based key recovery service that provides A backup for your secret recovery phase
In response to the criticism Ledger Clarified that the device sends Encrypted shards of their seed phrases To different companies only if you Decide to use this service they can Still choose to back up their seed Phrases themselves however this Explanation has done little to alleviate The concerns of those believe that if I Should not have the ability to leak data To the internet in the first place I I Think leak is the wrong word here it Would be share the device should not Have the ability to share a section of Your seed uh with other companies you Have to use the internet I mean they're Not at Ledger with 10 with yarn and then There's another company and they're like Uh Apple walrus tan No no that's not how it's going to be Yeah so yeah of course they're going to Send uh look here's what they say it's Generated on your device we Shard it I Don't know how many pieces maybe it's Three pieces maybe it's three thousand I Don't know they Shard it and then Different companies have a section of The Shard and then you say hey I'm DZ Here's my license share with me you know The phrase I've lost it I need it and Then they uh there's some sort of Process you don't have to uh you don't Have to embrace it Clearly the community hated it yeah it's
It's it reminds me of a Bud Light uh Marketing strategy you know where you're Kind of you know look this is kind of What we're known for and then we kind of Do some contrary to that to Branch our Audience let me give you the the hot Take here that's not popular these type Of things are going to be necessary for Crypto to go to mainstream I don't need It you don't need it we don't want it I Don't want to share my seed phrase I'm Very comfortable with my current Situation The best thing memorize it look write it Down a piece of paper don't take a Picture with your phone don't type it Into a computer don't have it on any Kind of uh don't have it living on the Internet anywhere that's that's good for Me that's gonna freak some people out oh I write this down but if there's a house Fire and the paper burns up and I'll Memorize I lose every Bitcoin I've ever Held never ethereum I've ever had and I Lose all my nfts and they're gone Forever most people that is a turn off It's not a turn off for me turns me on Ooh it's not going to turn on everybody It's not going to get everyone's rocks Off in fact they're going to stay away And so this is going to be necessary These type of things are going to be Necessary is it a fail by Ledger it Appears because the market is vilifying
Them they're roasting them yeah I I'm Kind of looking at it like hey you don't Have to do this you don't have to do This so it's at the end of the day it's Not the worst thing in the world yep uh You can you can not upgrade too many Technically 2.2 uh one is the update Just the you know it notes so you cannot Choose to upgrade your uh or update your Ledger account and it won't implement it So it is a choice it's tough choice for Me too I'm huge about self sovereignty And don't trust uh use a ledger don't You yep I use a ledger has this chain All right you're a customer yeah what Has this done to your opinion you know Um as of right now I don't plan on Updating and you know I'm looking at Trust wallet a little bit uh closer now I'm gonna be looking at kind of online Hot wallets a little bit more closely And kind of diversifying Um across a larger slew of hot wallets Rather than one centralized point of uh Control basically Ledger had its Bud Light moment I mean people seem to like It should I tweet that out no is that Too hot to take I mean it's pretty hot it'll get them Hot and bothered wait for Miller Light Miller had yeah I saw that yeah it's Kind of like moment yeah all right I'm Typing it now is this going to get People to unfollow me potentially yeah
Potentially right every time I say it's Like moment boom it's tweeted it is Tweeted out there Ledger had its Bud Light moment also token holders posing a Threat in the courts we've seen a lot of People come forward Um you know basically assisting Ripple Lab saying hey you know here's what we Had to deal with dealing with the SEC And so uh we have the the crypto Community coming forces joining to say Hey Ripple not a security stop applying These 1934 laws to crypto does not make Any sense I thought about this because Of Miami okay Drew what is Miami Known for I guess besides the drugs but What is everyone playing there they're Playing the type of game what kind of Games are they playing out there oh God Geez I mean I know that football's a big Deal I don't I don't play many games not Like a sport okay uh adulteries like Status games it's all about status in Miami would you agree yeah that's very True where's your table how big is your Yacht just very true what restaurant are You at where's your Penthouse what block Do you live off What's your car uh you know how do you Look in this how's your Instagram what's Your class game yeah playing classes Okay all right so there's a there's a Status game happening okay so if you're The coolest kid in eighth grade okay but
What happens if the number two kid Becomes the coolest kid what happens to The coolest kid then It's no longer the coolest kid right he Goes down a point yeah so we see uh a Zero-sum game for you to be you know I Have the best car in Miami I just bought It that means I knocked down the Previous guy the top guy went from Number one to number two there's only a Zero sum it can only equal what it can Equal to beat at the top you have to Push someone down for you to climb Someone else has to fall for you to fall I mean someone's stepping on your head Yep you know it's a game that doesn't Have losers Set That's the wealth creation game okay and So there's two types of games one wealth Creation if I mine a mineral out of the Earth and I trade your pumpkin seeds for It did we you know lessen do we pull From the economy or do we add to the Economy I I would say that's an ad it is An addition there is a positive sum game And so you can get wrapped up in these Zero-sum games of how do I look on Instagram I I want to get this brunch But you know what if I buy this brunch That costs ten dollars more it makes a Better Instagram photo let me take this Oh I didn't even want the lobster Benedict oh but it'll look better for
The clout and so don't get wrapped up in These zero-sum games where oh I gotta Have the best car look look at me I'm Wearing a free work t-shirt with holes In it why because that's less cardano I Could buy if I'm buying new clothes I'm Not wrapped up in this status game sure Okay yeah I'm trying to gain followers On Twitter but at the end of the day What's important to me is family friends Happiness resting my head on my pillow At the end of the night and feeling Content and not having my mind racing a Million miles per hour so you want to Play wealth creation games you don't Want to play these status games build Don't compare okay uh create don't look At the next guy don't worry about the Grass on the other side of the fence Worry about your own grass that is the Key to the game that is the key to Happiness let's play wealth creation Games let's all get rich together best Thing you can do to make that happen hit That like button that's all I got dizzy Out Foreign [Music] [Music] [Applause] [Music] Foreign