Bitcoin and crypto markets more broadly just hit a very critical level pump a bit higher We're Off to the Races but it could be a very critical point for a potential correction Bitcoin has reached the beat off Zone we got to take a look at these charts but also some big altcoin news today we got memecoins we got altcoins we got a Litecoin ETF what what's happening finally Litecoin has a use case again I can't believe it can't what's Wild times to be living in here guys let's go aad and get straight into this Bitcoin has reached the beat off line here we go so this line right here we're going to zoom out on that in a second but just to give you some context a wildly wildly important line here for Bitcoin if we can have a decisive daily candle above here and not I could definitely see a fake out play out here where we get up to like you know 69k Market goes full risk on everyone's like yeah new paradig of money we're going straight to the Moon correction down to put in of course a new lower high high or low higher low that's the one anyway I would not be surprised to see that happen right there so very critical line now why do I say it's critical line cuz look at this look right here this line This orange line on the chart this is the downtrend line that has been in effect since we put in the 74k peak price I know was a little bit less than that but 74 4K Peak price just rounded up there for us back in the middle of March ever since then we've had just lower Peaks coming in 8th of April 21st of May 7th of June 28 29 July that one was a long time ago man it feels like it's been a long time since we've retested this line because it has there's been a whole lot of pain and drama and suffering right down in this range right here but my goodness we're back to retesting the line now you can see how the market reacted the previous times we tested this line that line is meant to be broken very very clear for you the line is meant to be broken the only question is when is this the time when we break the line well let's see the follow through that's the key question right now can we get the follow through can Bitcoin continue to Rally higher here put in some solid daily candles see the volume backing it up and then push higher back up to well 70k which is our next critical level right here you see that was R since back here in July that could be the next very very key level for Bitcoin to watch after that not a whole lot between us and the all-time high 72 74k so we got three key levels 70 72 and 74k and there's not a whole lot of resistance at those levels there is resistance but not not that crazy to be honest so let's see what happens here over the next few days will we get the follow through on this move or is it time for a bit of of a cool off after that beautiful 15% rally off the lows back here of last Thursday beautiful rally beautiful rally but maybe we come back down and put in well that higher low for context here for context here this is where we are okay after the initial big selloff we put in that new trend breaking move right here you can see we've been grinding up and this could just be our next higher high the next higher low could come in down here for example see a price retrace back down to 62k or something retest these moving averages yada yada yada wouldn't be that surprising of a move Trend continues let's see how it plays out over the next few days Bitcoin ETF buyers still stepping up to the plate here 371 million in positive inflows o bamboo and linen sheet sets nice getting some of those getting some of those anyway $371 million of positive inflows into bit coin ETF products nice nice very good now for context this is insane guys in the first two days of trading this week we have had over 900 million of freaking Bitcoin ETF inflows gosh darn that's crazy come on I bet ethereum is doing really super well in that case they had hundreds of millions too no no is the what Wall Street hates ethereum apparently we had $7 million positive inflows of money largely that by Black Rock $12 million outflows yesterday so the total for this week positive inflows for ethereum amount to uh 4. 3 million over $900 million for Bitcoin $4. 3 million for eth what is going on eth you sick go home you drunk buddy get out of here retail investor interest picking up as from Axel here he's saying retail investors are returning to the market the current metric stands at 7% an increase of 3% will indicate strong demand from retail players very very interesting you see last time retail showed up was at 74k BTC because that's how the game works the herd only wants to come and buy the tops baby they don't like buying low they like buying High some people are sick I don't know what the problem is these people need help but thank God for those people because when the markets start pumping and Bitcoin goes up to you know 150 200k whatever you need somebody to buy the top when your dog with hat coin goes up to $50 billion market cap when Bret goes to $50 billion market cap bless these people because somebody has to buy that top okay it's not going to be you and me it's going to be these other guys okay it's a brutal game man player versus player out here it's just how it works real quick shout out to today's sponsor which is I trust Capital if you want a tax efficient way to be doing the crypto game you got to look into what I trust is doing these guys are bringing the goods when it comes to helping you save money on taxes in crypto so here's the deal you can bring over your existing Ira start a new one if you want or 401k or 403b or whatever else you guys got ta tax plans out there okay so you want to bring your retirement plan over here they can do that you can do as many trades as you want they got all the top coins they got your Bitcoin they got your salon they got your ethereum they got your dog with hat so list of new stuff too here okay you can make as many trades as you want and never hit a single taxable event because you have wrapped that within your retirement vehicle pretty cool right pretty cool great for those longterm Traders and holders so you can buy crypto sell crypto 365247 it's open like the crypto markets are unlike Bitcoin ETF products you can also do in kind withdrawals meaning you put those coins in your Hardware wallet in the future gold and silver deal deal physical stuff via the partnership with Kito low cost the month the fees and they are the biggest Ira provider in the crypto game link down below where you get a $100 sign up bonus and learn more about what it trust is doing if their services are right for you thanks again to it trust for sponsoring today's video let's get back into the news so Litecoin Litecoin oh my gosh new ETF is your Canary who recently filed for the xrp ET F just filed for a Litecoin ETF amazing amazing now look to be clear none of this stuff is going to get passed well Gary gendler the Goldman Sachs alumni guy is in power okay you need new Administration to get these kind of ETFs passed the only reason we got Bitcoin and ethereum ETFs is because the SEC lost so badly in court now xrp is not a security there's no reason why they shouldn't approve an ETF but they're not going to be because they're dicks okay Litecoin very non-controversial coin it's a commodity it should get an ETF product it should not be a problem the SEC is not going to approve it because they're dicks okay let's just be clear about that what is interesting is we will get a Litecoin ETF in the markets the way the polls are looking right now looks like we are going to get a new Administration in a few months time in America so yay for that and that means a new SEC Chief and that means a new look at all these new ETF products and we're going to see a lot more stuff coming in guys look at this right here by the way gray scales file converted digital large C fund which contains Bitcoin ethereum salana xrp avac and into an ETF pretty cool pretty cool stuff man I love it but Litecoin I know there's a lot of Litecoin fans out there and you guys know I like to clown on Litecoin okay CU I just don't see a grand use case for it these days with you know being able to send stable coins across salana for the the fraction of a penny why I you need Litecoin at all but I get it there are Litecoin enthusiasts and you guys know my stance on this kind of stuff if you got Edge if you're making money I celebrate your wins okay I want everybody to win I want everybody to make money if you're making light money off Litecoin my hat off to you go get that cheddar seriously now Litecoin ETF I mean if that gets approved you know it might even be more popular than the ethereum ET really I don't know I would not be surprised so congratulations look obviously it's only an application but still it's cool I'm excited to see a Litecoin ETF and we're going to see dozens of altcoin ETFs coming to the markets over the next few years it's going to get real frothy and crazy guys but Litecoin man when that bad boy gets approved I could see some real money coming into Litecoin which could be good for Litecoin holders so there's a a light at the end of the tunnel for you guys nice Tesla moving around their Bitcoin today got some people a bit worried oh no what are they doing so they've moved $760 million for the Bitcoin so far today maybe that number's gone up last I saw anyway Pier Rashard says I'm guessing that Elon Musk is going to use the Bitcoin as collateral now why does this he say that because this picture was posted uh literally a day ago so this Howard lutnick this guy over here handsome fell here with the beard that's Howard lutnick now he has been uh he's from caner Fitzgerald these guys are orange pilled on bitcoin they want to start doing Bitcoin collateralized loans and stuff like that so literally Howard lutnick meets with Elon Musk the next day Tesla Bitcoin starts moving now is this a situation where Tesla's going to take its Bitcoin use it as collateral for loans potentially maybe buy some more Bitcoin I don't know it's interesting though isn't it it's interesting is Elon going to be putting all that Bitcoin to work I could see it I could see it some people are saying oh Tesla's finally going to paper hand let us hand their Bitcoins they're out they're going to sell maybe you know what maybe maybe more likely though this is the connection this is the connection man of course Howard lutnick saying welcome to Doge Department of government efficiency uh there's I think now ethereum token called Doge Department of government efficiency that's you know skyrocketing because that's what me coins do these days anytime anybody famous mentions anything it gets turned into a meme coin immediately this is very interesting though I'd like to see how that Tesla Bitcoin plays out over the next few days here and if it is indeed going to uh caner Fitzgerald and if they are going to start using that in their Bitcoin banking facilities essentially very cool stuff a shout out to Celestia I don't own any Celestia well okay I own aund I own a non-investment level of Celestia but this I think I got 124 Tia which I had staked ages ago to try and get airdrops on Celestia which never happened by the way thanks Celestia um we are hopefully going to get the Milky Way airdrop from Celestia but I feel like that's the only one it's probably going to be worth dick all in the end anyway we'll see so I do technically on so if you want to see my full portfolio disclosures celesti is not actually in which is why I've given you longer um I only put stuff in my portfolio it's actually 0.
1% of my portfolio or more but anyway you'll see all my current portfolio Holdings you'll see my um uh TC deals my private sales all that kind of stuff they're disclosed for you so you can check out all my current cryptocurrency Holdings you will also find a risk statement there because investing in crypto risk you can lose all your money anyway so Celestia they got big stuff coming man bigger blocks and even tinier layer nodes schwap Celestia's First Data availability Network upgrade is now activated on the key test Nets this will bring 22x faster SN speed 16x more efficient storage I mean look Celestia is definitely a VC Fest let's keep it real there's a huge amount of unlocks still to come the fact that the VCS are able to stake their unvested tokens or sorry their vested tokens like it's crazy man like paradigms literally Forex their money and they haven't received a single token yet just because they're allowed to stake their tokens it's nuts but I think it's hard to ignore the technology of Celestia we'll have other di ability ability players coming but they're definitely getting popular and they're a well-used piece of technology so perhaps worth paying attention to this guy here HJ jangle posted Aptos versus suie who's winning an adjusted defi tvl growth now this is very interesting this very interesting you know uh Aptos as I've been saying is the um the catchup play here if you missed out onu s of course going through r a correction now may we'll get a nice entry on that in the next few weeks better than the current entry of course uh anyway he says since January first raw tvl growth Aptos 540 versus S 43% that was raw growth but we need to factor in the market cap growth of their native tokens since it takes most of the tvl Vol volume market cap growth of Aptos is up 70% s up about 600% so when adjusted for this total value adjusted total value is aptose plus 275 sweet minus 24% that's an interesting way to look at it that's a very interesting way to look at it curious very very curious anyway just a little bit of a Aptos hopium there for you let's just put it that way let's talk about meme coins meme coins are sitting at 32% mind share right now that's absolute Insanity AI is number two of course at 21. 9% game f even though off the Grid's been such a big thing gamei is only around 11. 5% defi no one gives a crap about defi layer twos layer twos are mostly garbage coin I mean we like using layer tws just Layer Two tokens like there you go go buy Stark nut or arbitrum and go govern the platform yeah right no wonder no one's buying this crap uh anyway stable coins roll ups all other uh random technology stuff nobody really cares about guys look at the top three memes AI gamei memes AI gamey you want to know where the money is going to be made you want to know how to make money in this space concentrate on these three narratives the Market is telling you very very clearly what it gives a crap about okay def is a nice niche there's definitely a lot of money to be made in defi with your assets you're holding a bunch of ether a bunch of salana there's ways to make more money on that in defi but you know you don't have to be talking about the defi coins all the time you just go and get the business done right but in terms of excitement memes AI gamei That's crazy what's interesting about memes they're occupying a third of the M share on social media right now but they only occupy about 2.
5% of the total cryptocurrency market cap by the end of the cycle mean coins are probably going to occupy like it's going to be crazy man I could see up to like 15% or something like that of the total market cap all crypto being in memes by the end I I don't know if that's going to be an accurate remember I'm just pulling this out of my butt like right now but just it's it's going to go way higher than 2. 4% and that's insane we're going to see Memes with valuations that'll make you just question reality anyway zenica here sharing this one reminder that memes are risky he says if your first me meme coin was is mooding hopefully he took some profits or at least learned an important lesson amen man you got to take some profits you get into this thing you watch it run up a 100x or something most people never take a gosh darn Penny off the table dudes take a little bit of money out seriously if you put in you know you can just you can hold a moon bag you don't have to hold every penny for anyway whatever meme coins are wildly volatile you got to got to manage risk on he said proximately 100% of MERS will experience a 79% 70 to 90% draw down after a meteoric rise like this is true there's that initial hype wave that initial excit wave and basically every meme coin goes through this where they Rush up and then they have a gigantic crushing draw down where it's either that's the make or break moment for them either they go to zero after that or the community steps in says no we're going to make this meme a thing and it goes higher as I always said this baby hippo is going to grow up at some point it's going to be a fat ugly hippo then no one's going to give a crap about that that hippo anymore man come on come on they're cute when they're young all right like pigs pigs are cute when they're young then they all big of them fat man anyway continuing crypto daddy posted this men only want one thing it's disgusting Beyond this lady here look at this right here she is holding a uh raw chicken with a chick a fish head sticking out with a maror this is of course smoking chicken fish the smoking chicken fish man it's all we want smoking chicken fish has been on a wild run recently of course I own smoking chicken fish we' been talking about this one for a while $114 million market cap has had a nice run in the last few days I still think this is one of those coins it's just it's just so left curve it's so dumb that it's genius and it could go to like a billion dollar market cap I would not be surprised I'm on this one to ride it for a while let's see what happens hopefully of course we get that playing out the new meme coins getting everybody excited this week is goat so this guy sold 15. 15 million goat coins he turned five Salon over $727 into $2.
