CRYPTO State Of The Market - Weekly Show ---------------------------------------------------------------- Get the insider info on crypto investing! Join the INNER CIRCLE: https://www.boroncap.com/cryptoinnercircle ---------------------------------------------------------------- What matters is understanding what's happening in the market and not getting overly emotional. Let the data speak and spend time understanding what's going on in these markets. And we're here with you guys to help. Learn more from Jeff Sekinger wherein he shared 5 Secrets To Success In Crypto - Advice For Cryptocurrency Investors. https://youtu.be/ZiSKHH7gf8A
Key Takeaways:
00:00 Intro
01:16 Crypto market movement data
02:25 Importance of understanding when to buy and sell
03:17 Correlation of stock market and Crypto market
04:15 Potential head and shoulder indicators
04:55 Technical analysis using support and resistance
05:24 Analysis of Fantom (FTM) coin
08:48 Fundamental and Technical analysis importance
09:52 Timeframe considerations
#bitcoin #boroncapital #thesolomoninvestor
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Join the INNER CIRCLE: https://www.boroncap.com/cryptoinnercircle
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*Other Episodes of The Solomon Investor Show CRYPTO ADDITION*
Bull or Bear? Is Bitcoin Broken?
https://www.youtube.com/watch?v=AuUKnZHt5vA
Management and Investment options that active and prospective crypto investors didn't know they have
https://youtu.be/UKmLgHDxKYU
Are we at the END of the CRYPTO Cycle?
https://youtu.be/powZY_Y9whI
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-- DISCLAIMER: Past performance is no guarantee of future results. Any historical returns, expected returns or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses. No communication by Boron Capital, LLC Inc. or any of its affiliates (collectively, “Boron Capital, LLC™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice. Nothing in this episode is intended as an offer to extend credit, an offer to purchase or sell securities, or a solicitation of any securities transaction.
Blake Templeton
Just give it a second here all right, we are live. Perfect. Hey guys, this is Solomon Investor show lots of crazy stuff happening right now we got people saying there's a crypto market crash, we've got the Bitcoin winter, I mean, is there a storm? Do you sell now? How? How do you go through all the volatility? Is there something to actually be made here? Should you take your money and run, we're going to talk through all of that. And more than anything, it's important to know, in volatility, what to do. And so that is going to be massively covered. Today, we're going to go to the behind-the-scenes and so many more things. I've got my two main men, Zack and Austin, and we're going to show you what we're doing right now.
Unknown Speaker
Awesome. Yeah. Welcome, everybody. So the big picture is time to just understand what's going on. So there's a lot of things being talked about. And I'll kind of pull some of those up, kind of just talking through the major points of what we're seeing, obviously, there's been massive pullback going into this first week of January, and just a lot of uncertainty in the markets, right, we're seeing these drops. So I don't know about you guys. But you know, these are things that we should be expecting to see. But even with that expectation, new variables come into play. So you know, a lot of things that I hear people talk about right now, obviously, is coming out and what we're hearing from the actual Federal Reserve, so if you guys haven't seen, Chairman Jerome Powell came out, and right now it's looking like something that I think we all on this channel, and on this panel here expected was that inflation is growing quicker than they were expecting. They're feeling the pressure and are anticipating that they're going to have rate increases sooner, I think we're seeing it, you know, towards the back end of 2022. At one point, they're saying they're going to hold off as far back as, you know, kind of as far back as they could even into 2023. But it looks like right now they're looking at potentially three rate increases going into this year, which this type of news. At this point, anytime the Federal Reserve comes out and talks, you're seeing markets that are moving, is that really what happened in the crypto market right now, does this is this what changed it? You know, I could tell yet. This is not what moves the major markets, right? Value moves, the major markets, we're going to talk about that. So we're seeing price volatility. But as the value actually shifted, we're gonna dive into that, because you always have short-term, midterm, and long-term expectations of what you're doing here. So we're going to cover all the price targets, Austin's going to be pulling up the charts, going to be walking through the data points, price targets of what you should be doing at what points, and what our expectations are. So make sure you guys stick around for that. And for those of you guys that don't know, just kind of a quick plug here, down in the comments, you can see a link, we actually covered all of this stuff in much greater detail with a private group. So if you guys are interested in a private group, we talk about all this privately in much greater detail on how to manage and navigate these markets, make sure you go down to the link in the comments. But going back here, guys, what does this mean? What does it mean is inflation is growing, I think at a rate faster than they anticipated being able to control and they know from an economic standpoint, they're going to have to bring rates up to at some point. This is not new news to us. It shouldn't be new news to you. But what it does do is change the way that people are operating, they begin to worry a little bit and they start making different decisions. So you see some price action kind of guiding through here. Really all it all we really need to process here is that the economy is struggling. Money has been flooding into the market. And these major markets have been growing, but it's anticipated that as rates increase, you will see pullbacks, and you will see shrinking in some of the major stock markets, for instance, right. But in the crypto markets, we're really processing utility over the long term and we're really processing the idea of Bitcoin, specifically as a hedge against inflation. So from our bet right now, Bitcoin is still a great place to be another kind of breaking news. This is kind of the perfect storm of stuff coming together was that the market was already had some trend downward. Austin's going to talk more about how we had some expectations of these types of pullbacks. And you combine that with things like Kazakhstan. There are a lot of issues going on here. There's been a lot of protests, actually, the government has shut down the internet there. And this is the second-largest mining operation as far as a country goes. And so I'm gonna let you kind of jump in on This hear, but whenever you're processing this shutdown, what is this kind of speak to, you know, with what's happened in Bitcoin with this news coming out and this happening? And how does this impact kind of some things in the market from your point of view?
Unknown Speaker
Yeah, totally. So first, let's just describe what has happened. So Kazakhstan, they're dealing with internal political battles with something with oil or gas and fixing prices. And so what the country decided to do is say, Hey, we're going to just shut the internet down, if that's what, like, if that's what the problems are, we're going to just shut it down. And of course, everyone who has to work with the Internet has to deal with this. And so Bitcoin has 18% of the of all bitcoin is mined in Kazakhstan. And a lot of that is because when China had their ban, in the Great Migration happened, many of the miners just moved right to the country, next door, Kazakhstan, same coin based energy being burned to make the mining but what really happened is, it did it hurt in the short term, which we will see on the charts in a little bit. And also, what's extra sad with the stock market and the interest rates rising, perfect storm at the same time, which is kind of where we see the floor drop that's been being built for the past month and bitcoins chart, but Kazakhstan. A positive way to look at this is they're the second-biggest miner, they shut down their electricity out of nowhere. It's showing here 15% Of their network went offline. So maybe they still were doing 3% or something. But what it's telling me is that this is bullish for Bitcoin one, because Bitcoin still proceeded block after block to not have any problems and get all the transactions done. And two, the United States is currently the biggest minor country out there, and they're crypto-friendly, relatively speaking. And it just further pushes the power that the United States has built-in, in the mining space, because we're a reliable country, we know we're not going to have our entire grid shut down at any given time over any internal conflict. And so, yeah, we'll see the prices, we'll see the charts in a second and, and see the technical analysis. But this is kind of what is has sparked this drop. I don't see it's something to be worried about, in the long term, my views of Bitcoin and crypto as a whole have not changed based on a short-term price fluctuation. So instead of having that natural instinct to be scared, and pull out, you need to look at the bigger picture and say, Hey, maybe this is a time where I should be adding, adding into the space and how do we flip it to the chart? And
Unknown Speaker
for sure, alright, that pulled up for you guys.
Unknown Speaker
Yep. So this is kind of the clean charting of how we're looking at it. And so the two gray boxes 42,050 2000 We've been expecting to trade in between that range for pretty much since the drop so we did see for the pet that was December 4, that huge wick right there that you're pointing out and then for the past month, we've just been chopping around it's been and if you're a range trader, it's great but for us, we've been just patiently waiting for a day like yesterday to happen where we see this big drop and knowing just knowing that there's a fresh support zone there is where we decided to start deploying so the other thing to notice though, is the green line below and that's a fresh demand zone that we're looking at. So if things do stay bear this bearish in the short term which honestly there are some bearish short term bearish signs if we look at the glass node and the net inflows of Bitcoin onto exchanges it's actually now green meaning there's more coin going onto exchanges and off of exchanges we might be able to justify this from the Kazakhstan news because when a mining company is not mining, they're not making any money and all the money they make is in Bitcoin so they'll have to sell some bitcoin just to keep their operations afloat when the network's off so don't be scared to see another drop lower the open interest usually alike on a like a long squeeze this could be described as a long squeeze where the price drops low and all the Long's have to hit their stop losses and so we actually haven't fully seen all Long's get wiped out yet so that's telling me like, doo be prepared for another wick lower. I don't think it will be a long bear market or anything. I think it will be a quick quickly bought up the patient traders and large people are waiting for this the amount of stable coins held by whales right now is all-time highs meaning like, Smart Money knows that there are or they know what's going on and they're waiting to deploy their capital, it doesn't mean that they're done for good, it means they're waiting to deploy that. And so the cool thing about blockchain technology is we could analyze all these things that you would never be able to do in a traditional market. So long story short here, a great time to be buying and accumulating, still nothing to worry about in terms of a bear market. I mean, the money is still printing, there's no solution in terms of how the US or the whole globe is fixing this fiat currency problem. There are tons of altcoins that are still making new highs. And actually, today even and that tells me there that we're worse. We're still in good hands right now.
Unknown Speaker
Yeah, bring up some good points about, you know, even with stuff coming on exchanges, I just don't think that there's a major issue to be worried about here. And the other thing to be processing is with larger buyers, like so for us, for instance, we've had the capital on the sidelines, expecting this. And so we've been expecting these moves. I mean, it was literally, you know, three days ago, when Austin and I were talking, we deployed some capital down in these zones. And then Austin says, you know, I think we still need to keep capital on the sideline, and I'm expecting it to move down and bounce down and around 42. And where are we at? That's where we get today. So we're continuing to deploy some capital there. But even with that, still have capital on the sidelines with the expectation that we're going to see some pullbacks. And so we're not looking at these as negatives, these are opportunities at this point. And we'll continue to be buying and then all the way down in this fresh buy zone. So the data is still saying, We're in an opportunistic position right now that we have some short-term things come online, like Kazakhstan, I mean, even with Kazakhstan shutting off. I mean, look how quickly miners got back online after China. I mean, that was the biggest mining operation shut down. And I mean, what was it within about 30 days, I mean, people were moved, was back on hash rate came back up, and we're seeing the strength of the actual, you know, global market when it comes to crypto continuing to prevail amongst these short term issues. And it's exciting, not just from, you know, an investment standpoint, but from a utility standpoint of the ability to see the strength of infrastructure growing even amongst, you know, short-term problems. So, as far as short-term news, guys, unless you're a day trader, you know, it's, it's less applicable to you, right? Stay focused on what this market is doing. You know, I was sitting down with an investor today, and we were talking through some things, and he happened to buy into Bitcoin, you know, a couple of years ago, when it was at quite a low point, and he knew nothing about it. And he's just been holding it ever since. And he's like, Yeah, I just got lucky. And I'm like, Well, you didn't actually just get lucky, you know, you took action on good information. But now, with that, spend time in the education to know that you actually bought into something that has an incredible long-term value, it wasn't just a quick hit to where now you have a 10x on your investment. And now, you know, it's all said and done. Right? This is about more than just an investment opportunity, where understanding the fundamentals of a market is very important. We'll probably look like in a minute, I want to circle back to you on what was shared about institutional adoption over the next two years. But before we do that, let's just do this Austin. You know, as we're processing that, it could go down lower. You know, everybody probably has a question. Well, what if it goes below 39? Like, what are you going to do? So maybe we can just give like an even though we're saying it could drop down? Maybe a slightly more bearish scenario. I mean, how, how would we walk through that and what are some changes in data that would potentially lend us to shift our position?
Unknown Speaker
Yeah, totally. So one thing I want to say before I forget is Kazakhstan has already got all their power and internet fully back so I'm expecting a full recovery very quickly with and so we should be seeing that with the price as well but we always have to be prepared for any direction and like I said, the on-chain metrics are a little bearish right now. So if we go down to 39,000, that's really the point more I'm expecting it to bounce up quickly. If it doesn't do that. That's when it's time to get defensive. Okay, let's start with cutting or trimming. Our riskiest assets are smaller cap coins that are more of just a hopium play where we they have a big promise future but they're not They're not actually serving utility right now, the majority of our portfolio is completely full of blue-chip coins that are that like my opinion on them is not checked the price of the coin does not affect my opinion on if I'm bullish on them or not. It's just like the stock market. Like, if Amazon is down, are you going to stop shopping on Amazon? No, you're going to, you're still going to use it. And you know, it's going to go back up. And so that's where, why we do the homework on our big coins. And we do accumulate those. But these huge drops, like maybe that 39,000, you, you add a little bit to those risky plays. But then if it doesn't bounce off in a day or two, you cut them completely, it's all about risk management. And so you they do this, these lower setups allow you for some great risk-reward because you have a tight stop, meaning you know, your place of invalidation very quickly. And so. But if it goes in your favor, you could just keep riding on raising your stop loss. But if it goes below it, or if it doesn't bounce Quick, quick enough, you just cut that, and you pretend it never existed on its own. Right.
Blake Templeton
somewhat powerful things awesome that you said, we're one that we're using the Bitcoin chart, basically, because that holds 40% of the market cap of cryptocurrency in it, and the market kind of flows with it. But we don't we're not just in Bitcoin, we're actually diversified in multiple coins. And there's obviously 16,000. And that's kind of the problem is there's this camouflage off, there's lots of volatility on 1000s of layers with 16,000 coins, and we have a handful of five or six. And what's important is that when you're looking at the charts, from a layman perspective, and you're seeing volatility, you know, your eyes trained wrong. So it's trained down as bad. And an up is good. And I wish I would have got it. And I know I should sell now because it's down. But we're missing the whole practical part of what it even is. So it's not like the stock market where it's a shell game, it's actually technology software. It's actually a chain, a blockchain, or technologies on it. And there's a velocity running on it way faster than the US dollar. So the US Dollars losing value, and the strength of the adoption of Bitcoin is growing. And so I love what you're just talking about as you're processing that because it's really good for us to understand volatility is good. As Zack was saying, when there's he's not, you know, see as an opportunity, when you understand the strength behind it. The daily volatility has no bearing on what's actually happening in the technology and the software. And great example, again, against Amazon. The last thing I'll say is that it's really important to understand that all institutions and all large companies are desperately trying to get in, they would already be in it if they actually could. But the problem is, is they're not able to, on the public side, due to the compliance side of it, it's a nightmare in their own financial books. And so that's the process that they're they'll have it worked out probably two years. But we have this short time window where the opportunities are the greatest. And so again, volatility is good. There is no such thing in this situation as a real crash. A lot of hype, lots of news, but stay in tune with what we're doing every week on this channel, because we're giving you exactly what we're doing. We're showing you where we're moving, and appreciate the charts awesome. And showing them exactly what we're processing how we're thinking, though, volatilities opportunity, at some point, we actually now have to change our strategy. And it doesn't mean it's shifting everything. It just means it's our next step in our next play on the chessboard. So super exciting stuff. Anything else guys you want to share?
Unknown Speaker
I just want to emphasize on times like these, just to take a step back and see where we are in this in this industry crypto is just over 2 trillion market cap right now and just the other day Apple hits 3 trillion as a market cap as one company just one company in the entire s&p 500 or the entire world is worth more than the all the like you're saying all the technology that this technology is so valuable and so underpriced. These drops like there should be a time of it's like Christmas came another week later. You know, it's amazing that
Unknown Speaker
you were talking about price. And really, whenever we're looking at volatility, it's the volatility of the price. But there's not any real volatility of value here, people. And when you're investing from a value perspective, and you realize the utility, that this market is going to have served in the network effect, that it's the fastest growing technology that's ever been adopted, ever been created. And as you continue to understand that on greater and greater levels, you realize that, regardless of the volatility and price, the value is continuing to rise, because the network effect is continuing to grow. And the adoption of the utility inside this space is continuing to build infrastructure. And with that continued infrastructure, there'll be more adoption, more utilization. And with that comes more price appreciation. So the short-term volatility with things? Yes, you want to navigate it? Yes, you want to have a strategy for it? Yes, you want to understand it. But like Austin said, you know, when in doubt, take a step back and realize that the value that's in this market is far, far, exponentially greater than where the prices are at today. And the long term growth is something that's very exciting, especially when you realize how much money is knocking at the door of wanting to come into this space like Blake was saying all the major institutions, I mean, they are vying to get it, some of them have been able to gain some opportunity, but not to the number of degrees that they're looking for, like even MassMutual, an insurance company, I think they did 100 million in Bitcoin, just this year, you know, and you're seeing more and more companies that are working to come into it, but it is going to be another, you know, year, year and a half, two years before, it really has the infrastructure for them to be able to deploy the capital at the rates they want. And during that timeframe, it gives us a massive opportunity, you know, as fun as crypto investors to be able to come in and really lead the market here and to be able to ride that growth and appreciation as the markets continued to mature. So very exciting opportunity. And I'll close it up with that. That's all I got guys.
Blake Templeton is Good stuff. We've had so many of you guys asking, can you go deeper? Can you give us more specifics? And we do that in a mastermind and a private mastermind that Jack does that was alluding to earlier, so we'll put those in the notes of how to join that effects of your deepest desire. And then we also have a newsletter. So if your reader if that's your vise, we've got that for you in the notes. And then if you're the person who's like, Man, I actually I don't want to have to go do it myself. I want to be a part of it in a new way. Kind of like kind of ride this wave with you can I like, let you be my guide on this journey. And we obviously have a fund and allow you to do that as well. So that's all in the notes. Guys, so excited to do this with you. As some of my favorite people in the world. We're doing great things. I had a massive capital raise and lots of exciting things happen as we're seeing the opportunity and deploying capital into the market. So blessings on the rest of your day. This is Solomon Investor Podcast signing out to your success are the
Transcribed by https://otter.ai
Kazakhstan. Crypto Mining. Market Crash. Is it time to SELL__otter_ai.txt