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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Get the insider info on crypto investing!
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
Kazakhstan. Crypto Mining. Market Crash. Is it time to SELL?
https://youtu.be/-IhRNDLOezQ
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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.
Unknown Speaker
Alright, guys, we are live. Hey, everybody. Welcome to another episode of The Solomon Investor Podcast. I'll be your host today. Zach Morrow with boron capital is here with the amazing Jeff Wilson second year and awesome. Barnard. Everybody loves him for that incredible ponytail. Right. All right, thank you just because it's sorry, just had a really hard time real quick. Okay, so guys, today, obviously, it's been a crazy week in crypto, we've got a lot going on a lot of red on the charts, but we've got some good green things going on. And we want to talk about, we're gonna walk through some of the on-chain metrics for you, and why that's important and what you need to know right now. And then we're going to talk through, we're gonna finish out today's episode by walking through some of our favorite projects that we feel are primed for great movement over the coming near term. So make sure you stick around for those Jeff's gonna be breaking down some awesome projects and sharing those guys with you guys. So this is something that we do on a regular basis for the inner circle, Jeff breaks these down on a much higher level. So this is something you guys can have additional access to. If it is something you enjoyed, make sure to connect with us there. And let's just jump right into it. So Austin, why don't you walk us through the on-chain data? Because people are wondering what the heck is going on?
Unknown Speaker
Yes, sir. So I am today going to show you guys the Bitcoin holder net position change. So what this is showing is if you look on the right side here, yeah, we we've had a rough two months of price dropping. But during that time, we've seen this green part going up and what that's showing is accumulation. So not just the accumulation by anyone, but by the long-term holders of the smart money. That means the people that have already been in Bitcoin for a while they're continuing to add to their position that shows that this is a bullish dip to buy and that the on-chain metrics are still looking healthy. It's never gonna show the exact bottom. But when you're looking at this, and you see it just gives you the assurance that there's nothing to worry about, zoom out a little bit, recognize the markets go up and down, and use this, this dip for buying. Short and sweet.
Unknown Speaker
Awesome. So that's what matters, guys. What matters is understanding what's really happening in the market, when it's the time to buy. And when it's the time to sell, when is the time to sit tight. And not to get overly emotional. let the data speak and spend time understanding what's going on in these markets. And that's, that's why we're here with you guys today. So the long-term people are buying and guys were one of those long-term buyers, right? Austin's been, he sits down, he says the smart money, I'll just say a forum. This gentleman is right here. He's smart money. And when he's looking at data, and he's saying things look good. You can really cling to that. And there's so much you can dig into here. And we don't want to break all that down today. But what we do want to break down for you is that it's gonna be okay, we're all still long. We're all still excited. So, Jeff, you got some additions to add on here. We're going to jump right into some projects.
Unknown Speaker
Yep, I'm wanting to just point out that, especially on red days in the stock market, we're looking at the s&p 500. We've seen that crypto has sold off every single time over the past few weeks, especially every time the stock markets sold off. Crypto has also gone down with it. But we haven't seen that positive correlation when the stock market has been going up. So that has been very interesting. What I've kind of summarized it to quite a few people is that Cryptos have been extremely emotional because there's been so much uncertainty coming into the beginning of this year. And it's pretty interesting to watch. We haven't seen it be this heavily correlated, to my knowledge ever, as far as the correlation between stocks and the crypto market. Just real quick. Another thing we are monitoring is the potential massive head and shoulders. So this is the left shoulder here. This is the head and potentially another right shoulder which typically results in a much lower price point and you typically see price fall after that next right shoulder, but we also potentially have an inverse head and shoulders. If you look back towards the middle of the summer. We had the left shoulder right here, then head right here, and then we had the right shoulder here and then the price went up 130% So that is what we're starting to monitor over the next few weeks, we think we're at an extremely crucial point. If you know anything about technical analysis, you know that you know, previous support and resistance or previous support flip into resistance and inversely, resistance flips into support. That's exactly what we're seeing we've had resistance here, we had support or resistance here as well. Now we've had support here and now where it's falling into support as well once again, so this 40k Mark, with the coin, is quite crucial. If we do fall, we do see it heading at least closer to the 30k range, it would be the next potential support zone. As far as projects like Zack, Zack mentioned, a few projects we really, really like right now one of them is Phantom, which is FTM, multiple reasons why we like Phantom. Number one, that their transactions are dramatically increasing, you can see there are over a million transactions per day. The reason why that's important is that transactions on these are called layer one blockchains. They use their native coin for each fee on the first transaction. So every time if you heard of a gas fee, you've probably heard it with Ethereum, because it's so expensive, and people are getting angry at it. With Phantom. It's much more scalable, and it's much less expensive. But there's still a gas fee involved. And it uses the native FTM coin to pay the fees. So we look at blockchains that are increasing in transactions. And that's something that Fantomas has been doing, especially over the past week or two weeks. And then also, total value lock. This is another metric that we like to look at. Phantom is we're actually looking at terror right now. Phantom is at 7.1 billion total value locked. And relative to its market cap, it is actually a that's a very large amount of TVL total value locks, relative to its market cap. So we do believe that Phantom and the ecosystem are going to expand quite immensely. And that'll be reflected in the FTM price. You can see it's done quite well over the past about a month since mid-December. Another project we really like is harmony. So harmony is even further on the market capitalist than Phantom. It's around a 44 I believe on the market capitalist, it has about between three and 4 billion in market cap, which is relatively low, we think for the metrics that it's showing. As you can see, this is also done very, very well, since about the same timeframe, mid-December. And another I'll show you their metrics here. So these are called Block explorers, you can go look up these underneath a popular blockchain that has a live main net. And what we're looking at here is our transactions, they've actually they were well below a million transactions about seven, seven to nine months ago. Now they're consistently hitting you can see on December 29, two-point 7,000,002 points 9,000,002 point 9 million. And now we're over 4 million transactions a day, it's typically between three and 4 million transactions a day if you can see, I was in here for a little bit. So that's quite a lot of transactions relative to how small the market cap harmony has. And then also over here on the wallets is another thing we like to look at is are the number of users actually increasing or decreasing. We obviously want more people to use the blockchain because that typically creates more transactions, more developers start to build on top of it, the entire ecosystem expands, which typically results in price appreciation. And you can see that the wallets have been steadily increasing. We were at just over 500,000 wallets. And now we're approaching 570,000 wallets here today, which is exciting. So we do believe that these two projects are going to do quite well, especially towards the beginning of this year. And we're very, very excited to see how these to
Unknown Speaker
grow. Awesome. Thanks for sharing that, Jeff. So, you know, guys, with everything going on in crypto, it's been like, like Austin said a rough couple of months for the major markets. But there have been some good performers throughout, which is always bullish overall, seeing new projects continue to grow, seeing new assets continue to grow. And like Jeff shared continued adoption and utilization. You're seeing in those specific cases, more transactions every single day, millions of transactions every single day. And so the fundamentals of each project are extremely important. So when you're out there actually looking at what you're going to get invested into. You not only have to do the fundamental research, but you need to also understand what's happening technically, as well. And so some of those underlying technical like Jeff was talking about on support and resistance and then working through the actual charts. And that would be the technical side fundamentals are what's going on outside of that what's happening inside the car. And what's happening with the adoption? What are the use cases? And what is the overall market happened on happening on a more macro level? So all these are considerations that have to be considered. So as an investor in crypto, you know, one thing that we don't talk about maybe often enough is timeframes. You know this is something that I have to talk about with investors on a regular basis. So, you know, for those of you watching don't know, we actually run a crypto hedge fund, and work with accredited investors. So you know, that's an option. If you are accredited, you do have the option to work with us, we've got information down in the description here of the video. And then we also put out information and education to help those who aren't quite at that level yet. And that's what we do here on this, these videos on these weekly lives every Thursday. And then we have additional support in our crypto inner circle, which Jeff runs that does an incredible job. I mean, Jeff, how many people are currently in the group, about 1100. So 1100 people coming in, and this is a full coaching group, working through and helping everybody understand and of course, understanding these on a much greater level. So for those of you who are looking to get more education, obviously, you can start with us here, subscribe to the channel, join us every week, and we put out more information that you can work from learn from and understand things like timeframes, right? You know, Harmony Neff TM, or our projects we like, and we're bullish over a certain timeframe. But then there are other projects that may be down right now. But we're extremely bullish over a longer timeframe. So and then the data is always something that is changing, and we adjust and adapt as new data comes in. And that's something we would encourage you guys to do. Before you know some of the sometimes I could say we've probably all learned hard lessons, which is becoming overly attached to things you know, becoming emotional, and not letting the data drive our decisions. We may be held on to something too long and everything like that. And so, learn from our experience and let the data do the talking and we appreciate you guys tuning in. Awesome. Jeff, have you got anything else to share today? I think you did a great job summarizing the mindset behind it. There are absolutely different timeframes, and we actually separate our portfolios that way as well based on timeframes. We have a shorter-term position, longer-term position, and then more of a swing trading position as well. So he did a great job there, Zack. Yeah. And you know, we'll do is just got a great video, we'll link to on that. You did a goal-setting video. Let's, I'll make sure we get that added up here. So you guys can click and watch that. Other than that, hopefully, we'll see you guys next week. Make sure to like and subscribe. And if you want more information about how to connect with us on a further level, whether it's a deeper education with the coaching or direct investment through the fund, you can go down to the links in the description. Okay, lessons on you guys. That's all we got for today. We look forward to seeing you guys next week. Take care more signing off today. That's all I got, guys. I just did. I did Jeff. I have board eight. Board eight. There you go. See guys. Take care. Bye-bye
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