Yo-yo yo-yo yo what up what up Good morning good morning GMG
Thursday oh baby Thursday throwback Thursday turn around
Thursday terminated Thursday. Let's find out.
December 19th, 2024 Look at that another beautiful day to have a
beautiful day. I got my Co host in the house,
Tyler Mando. Good morning.
How you guys doing today? Doing great man, how are you?
I am doing fucking fantastic, you know, doing fantastic.
We are absolutely cooking. I should say G Myriad, actually,
this is what I should say. Tyler, how you doing today?
I'm good. I had my wife's holiday party
last night there. There's a chance I was a little
over served at that party. So I I missed all of last
night's action. I woke up and I see Stephen
Colbert segments talking about fartcoin quoting decrypt
articles and maybe we are so back dude.
That was like a double whammy for us, you know what I mean?
It's like bang, you got the the crypt article and bang, it's
about fartcoin, you know that? And bang, Then the market
tanked. Well, not fartcoin, you know,
I'm sure we'll have to talk about that with the Fartlord
himself. It's actually so funny how
you've become the Fartlord, Tyler.
I I find that to be the most comical outcome on on CT right
now. Anyway, today on the show today,
today market report. I mean, look, we'll have to talk
about Powell. You know, I don't think he was
wearing a purple tie yesterday. But guess what?
Our Powell, you know, because we have Powell at home.
Mando is wearing a shirt. Mom, can we get Joe Powell?
We have Powell. Yeah, exactly.
Yeah. Well, we got Powell at home.
And so hopefully Powell at home will be able to save the market
with his blue shirt. You know, this is the famous
blue denim shirt that Mando wears.
When, when, when the market's going to either reverse or or go
back up. So we got you guys on the show
today. We're going to save you Tyler's
top 1000 or one or or maybe top ten because as you heard, he was
maybe over a survey later last night, his wife's, you know,
holiday event. Thank you for understanding.
So there's that and then we'll
also we have a guest today who says if things are not hectic
enough, the Suey suey suey fab is is coming here.
You know we're partnered with walrus on the Crips and
everything and we got a few things cooking up with them.
So they're coming back on the show.
They came not too long ago. So the today's show partner.
And then last but not least, you know the vibes.
We have a loot box spin coming up as well.
Again, I really need someone to win a pudgy.
So I changed things up right now I, I like up the odds on the
Penguins again because now they're a little cheaper than
they were last week, but like half the price.
So I can like double the odds, you know what I mean?
So I'm like putting a few Penguins like 1% chance to win.
There's three, there's me like 4 Penguins at 1% or something.
So hopefully someone is, is, is going to win.
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If you get drained, you won't get wrecked and definitely be
very careful of scams hacks. This is the this is like scammer
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market. They love it.
So be very careful of what comes next anyways, Mendo Mendo Mendo
Mendo Mendo Mendo everybody on the timeline is waiting for your
market report because you know people are terrified shaking.
Is this a cycle top Let's find out who is the man macro daddy
of the land. Can you take it?
GM everyone, look, I I think it will just continue on from what
I said yesterday because I don't think I really said it's really
going to change what I said yesterday.
I felt as though, yeah, we had a little bit of a sea change over
the last few days in that the market was really just being led
by Falk Coin and Bitcoin. And then I thought it'd be the
sailor stuff that would cause it.
But it seems as though Powell has has caused a little bit of a
correction. He came out and he was just a
little bit hawkish, actually quite hawkish.
He basically pointed to the idea they're probably not going to do
any more rate cuts, which had been obviously quite a big
underpinning of the the least the first half of this year,
kind of the rally that we're going to get an easing in, in
monetary policy, maybe the money printers go back on.
It feels as though that isn't going to be happening.
He pointed to inflation under Trump, which is what people have
talked about for a long time. You know, Trump's very tariff
heavy and I didn't think he would be that, you know, I don't
know, forward-looking, let's say, or presumptuous in, in what
would happen to inflation. But he he has been and he's
basically saying, look, Trump's going to lead to inflation.
We're not going to cut interest rates on the back of that.
You did see the worst day for the NASDAQ since July, the worst
day for stocks since August. You saw Bitcoin head to 98.8 Ki
think Solana maybe dipped below 200 or hit 200.
Yeah, I hit it. It's it's at 19.
Yeah, 202 hundred. ETH hit around 3500 area.
So a little bit of a of a, of a little bit of a, a weaker
period. Now I don't know here.
I'll be honest when I say I don't know.
Like yesterday, I told you I was shorting a lot of the Dino
vaults. I shorted peanut and a couple of
these like an act, which like the the Binance listings that
were back in the day, just because I didn't receive much
bid for them. And now I don't know because
I've got these big up downs now across like I'm a long go, I'm
long Moodang, I'm short these positions.
Everything's bleeding Bitcoin looks like it's probably gonna
hit below 100K to me just my gut.
What I have seen is that the maybe I'll share my screen
because it's easier and and you guys can follow these because.
You have your own indicators, right?
I really just use one, which is like a trend following indicator
on a, on a, on a. I'd love to see that.
Can you see that or not? Let me.
Yeah, I have to allow it one second.
There we go. See, I just have a trend
following indicator. Bitcoin has saved strong
throughout this, right. It hit hit, hit the buy
indicator around here and then continued all the way up.
But we have seen is like the total market cap has suddenly
trended below that line and it last hit that buy signal on the
5th of November and. Went all the way up.
Total market cap of crypto that you're showing?
So what we're saying right now is Bitcoin dominance is going
up, right? Bitcoin dominance is going up
and looks like it's heading back towards this long term trend for
a long time. Maybe that's a retest and it
goes back S again, but this is a very strong move in Bitcoin
dominance. The market's saying it wants
some Bitcoin into the inauguration.
Everything else is is less so. But as I go through every single
one of of the other coins, they hit a sell signal yesterday of
like a long term. Well, I started a few a few a
while ago, but let's say XRP, which has been holding up a lot
of the alts hit sell. I don't know what the other big
coins have been doing. Well, Ada, I guess hit a cell
like all my alt coins that I track kind of hit that cell.
Now, that doesn't mean that it's over.
It just means that I think we, we could be in for a bit of a
chop here. Like I would be very unsurprised
to see Bitcoin head down below this trend line now and hit kind
of this lower band around 90K and then we chop around for a
little bit. I don't think it's the end of
the cycle. But interestingly, like this
wasn't just, this wasn't just crypto like Nvidia's hit hit it
a few days ago. How's Tesla doing Tesla meta?
I haven't looked at these. I don't look at stocks at all
like. Tesla keeps hitting all time
high but oh shit. How's meta doing?
Because I know meta was also quite a signal at some point,
like the Fang let's. Just look at the NASD, the
NASDAQ, which is this one. And that is very close to
hitting that as well, right? Like if it goes below this line.
So it's, it is definitely an inflection point across markets.
This isn't just a crypto thing like, oh, so This is why I think
it's a really important time to be following what's going on
because all markets suddenly did this.
This wasn't just a, oh, we've like a few days ago, you know,
when Bitcoin went down to 90K and everyone just got levered
like it was a levered takeout. That is what this is.
This is actually like a macro inflection point where powers
come out and said, hey, we're not cutting rates.
And the whole, there's another part of this which is like, if
you look at global M2, global money supply, maybe it's in
there. Have this somewhere, I'll find
it. But like global money supply's
also been turning lower. So Bitcoin has been departing
from that for a little bit here, which has been an interesting
trend. Like not many people have have
kind of thought that would happen.
Maybe that's here. So we've had a little bit of a
dip. Well, I guess it's actually gone
up. This isn't right.
This isn't global. M2 has definitely been heading a
little bit lower and it's been a bit departure in terms of the in
in terms of the correlation between the two of them.
So I just don't know here. Like I don't want to be the guy
who's like bull posting at the top.
I do think that this is the sort of time where you can just you
can wait to see what the market does here.
Like if Bitcoin heads down to 90K and the NASDAQ has lower as
well, you're probably looking for a period of chop here for
macro. Like.
Fully because of everything, because of what the Fed just
said that like that's not just a, a, a bull market dip.
And I think that would be fine. Like I thought this would happen
at their at around the inauguration.
But now I feel like maybe we have that chopped for a little
bit now and we might just chop, you know, maybe chopped for a
little bit. Like last time, for example,
when we hit that first sell signal, last time we did this,
we just chopped for a few months, right?
We went up, down, up, down. And that's often what it just
leads to like it's just a clean break of like the upward trend.
Let's see what happens with Bitcoin.
Bitcoin would really if it went below, you know, 100K, that
would probably indicate that, yeah, that is more of a top
period. If it, if it stays really
strong, like it, it looked like it just was going to do and
stays like above 100 and 203 K. And I think, you know, you could
keep Bitcoin dominance and, and, and people would be like, right,
well, that'll be strong until the inauguration.
But I'm, I'm, I think this is a point to look at, look at you to
look at those things and maybe not just dismiss that.
This is just like a, a mad bull run.
So I don't know what my position is like right now.
I'm kind of hedged and wedged and I'm I'm working out like
what could happen here? Because anything can happen,
right? Like you could also have the
bull market short squeeze out of nowhere.
You could have everything go lower because of the general
markets. It's like anything can happen
here, right? Yeah, so so I think will happen
what I what I know will happen is like the the ones that look
the most precarious are like is is like things like XRP which
like you look at a weakly like that it's like it's like crazy.
You look at ADA or you look at like these of these can really
have got room to fall and I think maybe you just have a bit
of consolidation around that like if Bitcoin to 95 Ki yeah
like obviously Solana altcoins have not done well, but I would
I'd really be worried about is like these coins more than
anything like Solana looks OK, like maybe you could go down to
180 area something like that and still be OK like it would you'd
really worry about the bull run. This is on a weekly time frame.
If it started to go down below this line on a weekly, right?
If we went down to like 175 and then but but but this this up
only period, which is what I said today in the tweets, like
the the easy mode period, which he had really from just before
the election, I think could be a little bit under threat here.
Like so just I mean, that's fine in bull markets like we've had
that before too. But that's, that's my, that's
my, that's my view. You know, expect volatility,
right? In the words of the great, you
know, Raoul Powell, founder of Real Vision and also co-author
of the Banana Zone, you know, this is the bananas zone, Sir.
Expect volatility on the road to Valhalla.
So he did that yesterday. And I think it's like the
shortest and sweetest sentence you can hear if you're listening
to our show right now. It's like if you're a trader,
like Mando, the keyboard monkeys of this world, Wizard of Soho,
like these guys are like day trading all day, scalping,
fucking cooking up. But if someone like I guess me,
I can't say I'm, I, I trade. I'm like just heavy memes, some
memes or this and that. I just adjust, right.
I can't do what you told me to do like that one trade a day and
now it's like 1 trade every like 5 days for me.
I know like honestly, like I looked at my journal, it's like
I didn't trade in like 10 days before like yesterday, making a
few days ago, making some moves. So.
Yeah, look, I think that that's probably not a bad idea.
What what I do think is that people like obviously a lot of
the the most risky bits of the market, as in meme coins have
already moved a decent amount. They've been battered like a lot
of memes got a if you look at the main ones like Popcap fog,
like all those Pepe bogs. Single One of the major Solana
meme coins is down. Very.
Apart from Fargo, yeah, I knew Pengu as well.
Pengu's held up relatively. Well, Pengu's only done very
well. Rekt is dude.
Rekt is not moving. I said I said Barna meme coins.
But yeah, the the he's right by nature.
Have I've definitely done definitely done better.
Yeah. Cycle either or anything like
that. But I just think, and I'm not
actually one of these people now who subscribes to this like
cycle view or your cycle view of crypto.
Like I think the way that we've set it up now, it is less cycly,
but I do think you could have a period of chop here like and it
would be very, very normal, very, very.
Yeah, yeah, it's like it looks like I'm seeing comments or UFD.
I'm not in there, but it's only fart corn and Unicorn fart toss
market. Tyler, what were you going to
say? Yes, I, I listened to the To
Pals presser yesterday. I mean, Mando's is spot on, of
course. I think one of my takeaways from
what he said is there's a lot of uncertainty right now.
I mean, Trump's talking about some big policy changes.
He's like potentially global tariffs.
We have Elon perhaps going to totally reshuffle how the the
government administration is set up.
And Pal basically said, like, I think 1 of it perhaps is more
like dovish comments is we're just going to wait and see.
Like we're going to see what he does and then we will react next
year. So it was a bit more hawkish
than we wanted. Of course, we had Peter Jennings
on underexposed. He was saying basically stocks,
everything was priced to perfection and there wasn't room
for much to go wrong. And then we, we had some things
go wrong effectively yesterday. And so we saw that, that Marcus
that, that correction there. I think from a crypto
perspective, bull and bear case, I mean, the bull case still is
that we have the most pro crypto U.S. government administration
that we've ever had. And we still have talks of
strategic Bitcoin reserve, all that.
I think that that bull case is still very valid.
I think the bear case is, and perhaps it's a little bit louder
now is we just we don't know what the impacts of Elon coming
into this government, like what those impacts are.
And perhaps it does have a larger impact on markets than
perhaps we thought. And man, God, I wanted the Santa
rally. I don't know if we're going to
get it. You don't.
Know yet? This is the thing, I think this
is last, last. Remember what we said in on what
was it November 1st, we predicted where the market was
going to be and where do we predict?
We predicted Bitcoin to 100. We should go back and check our
predictions because this is going to be one of the last
shows of the day of the year and see where we're at and really.
Where I wrote those notes. But we were bloody close to
where we are right now. I think, I think we, we kind of
said Solana like lowest 2 hundreds, Bitcoin around 100 and
ETH around 3500 I think. I think we were around that
level. Where are our calls?
Our message is delete. It's a path dependency thing
like we we we'd like. We're suddenly bearish because
bitcoin's at $100,000. I agree with you on that.
You know it's not that though, right, Tyler?
Like I know I see a lot of comments like Mendel, like, oh,
Bitcoin's only up 8%, you're freaking out.
But Pop Cat's down like 75%. So it's like, it's like, it's
like, and I mean pop cat. I'm saying that because I have
to charge in front of me, but like every single coin people
own is down like double digits, right?
Pop Cat. 'S also up though a lot.
No, but I I mean that one, but. It's just.
You know, I mean, it's like if you look from OK, chill guy from
top or go from go from top, or like insert every bag owned by
the people listening to us right now.
Yeah, for sure. Down 20 to 50%.
Oh yeah, from the high for sure. From the high, right, from the
highs, right Retardio, like all of those like we talked about
like what? What's that at?
For example, let's look at the Murad memes for two seconds,
then we'll go to Tyler's segment.
But like, let's look at those because I have the list right?
That's the only reason why I'm looking at this because we have
that like look at that. So obviously Mog strong, of
course, Marcus Mog, but besides that, you know, just a little
bias. But besides that podcast 750,
that was the number one cat coin for the longest time at like one
point something Bill. It's still really by the way,
750 is impressive right in this market.
I guess Giga and SPX are still in the 405 hundred like 73
Retardio. That was like 2200 something I.
Mean lock in lock in hit like 100.
And 33 yeah, I saw the 20 show. It was nice, but May's 18, USA
15, like all those coins and now the AI coins actually, because
Mendo and I talked about them a lot yesterday in the end, after
the. Market cap coins, because maybe
this puts in perspective too. Over the last week, Bonk is down
26%, Whiff is down 30%. That's about P9 is down 40% in
the last week. That's. 750 pop cats at 7:50,
down 40%. AI 16 Z is now down 30% MU go
all down 30 giga down 35 like this is yeah this isn't like 01
single coin now Solana meme coins have been underperforming
for well before when we had this sell off, which is what I said
to you the other day, which is like I'm a little bit wary here
because Bitcoin could easily go to X and I own a bunch of solana
meme coins which is why I started shorting all this stuff
now I still like that bit of the market because I think that.
The stuff that looks most precarious to me is all these
these Dyno coins, which I think a lot of people bought and I
think they'll come back because they're owned by crypto people
that are here each day, right? They are ones that people will
come back to in the same way like they're going to have show
strength, I think, But they have been decimated.
Like the whole of the silent mean coin market has been
deathbed, except far coin. I I think it would be very
normal is what I'm saying here for Bitcoin to go to 90 to 92 K
and it not be a bad thing. Like it would still be a massive
win for the market. And now I think you have a bit
of chop, which is like the classic thing, right, Because I
I think people are now the the number one bull bull thing is
now the Bitcoin strategic reserve, right?
Everyone is, is like putting their hat on that being the
thing. There's a chance that happens.
Like it sounds as though they could be an executive order on
day one. There were people in the
comments yesterday were talking about the idea that the only way
to stop an executive order would be by Congress.
And I, I think that would be very, very difficult for
Congress to stop one of Trump's first executive orders.
But they may like you. You actually don't know, like
some Republicans are not as pro crypto.
Do you think that's a buy the news event now?
Like I guess that is I I just don't even know.
Like it's just so difficult to work to work out.
Because I feel like I don't. Know putting their hopes on that
and then after that then it would be more like, OK, now more
sovereigns going to buy more companies going to buy.
I guess it sort of really depends where like the market is
at that stage. But yeah, look, this isn't just
a crypto thing. I'm not sitting here going like,
oh, you know, like you're an idiot.
This is a macro thing that just happened.
Macro thing is that all markets just suddenly took a bit of a
nosedive and they went to that sort of trend level of of
support and Trump is saying something there like gold, for
example, just broke its broke its daily support line.
Gold, which has been one of the main correlations just went to
2000, just went under 2600. So both the gold and the NASDAQ
both broke that trend line as well.
And that tells me that it's going to be a bit beyond just
like buy the dip. It's going to be like, right,
what does, what does macro decide it wants to do now?
And then we'll decide what happens to crypto.
So I think the correlation comes back a little bit at this stage.
Yeah, listen, like just just regular market stuff.
What's up, Tyler? Yeah, so I'm, I'm curious, man.
So does this change the inauguration DIP thesis?
Right. It was fairly prevalent.
Compensus was like integration dump but people thought we were
going to keep running till then. I, I didn't think it would be a
dump. I just felt like it would get,
it would be a chop from there. Like I didn't know when that
would happen. And maybe I, I thought there
would be something around sailor that would cause it.
And then it's been this. And this is actually in some
ways more of an issue, I would say than Sailor like the sailor
one, as I we spoke about yesterday, felt like a like it
wasn't it would be FUD, but it would be like people would do
the math eventually and be like, yeah, he's not getting
liquidated up. Only this one feels like right.
Let's work out if the market takes a little bit of a bath
because the Fed is no longer going to be.
And that's been a big remember the whole of this whole banana
bananas own thing. That wasn't a Trump trade.
That was a global money supply going higher trade.
That was a everything's going to stop pumping and and yeah,
China's going to probably keep pumping.
But if the Fed is going to stay more restrictive, that actually
changes some of the thesis of the banana zone.
It's not as it's not a money printing sort of trade.
So that's why all global markets I've gone, I've gone lower
yesterday and the, and the dollar's obviously been very,
very strong over this period too, which has been, you know,
if you said like your rent is so unbelievably cheap in dollars at
the moment, that's the case. But that's because the US
Canadian dollar is literally like we're like tank like we we
should CTO Montreal and and and and separate it from Canada to
get one of the most gorgeous cities on earth.
What is you guys? I you guys have no idea like my.
Anyways, my rent for the year is now down to 28 kusd and that
lives in like 1 of the nicest areas of the city.
So look at that bro. I live in a beautiful place,
like my place is sick but this is how much I'm paying.
But milk I'm paying $10.00 for a fucking one jug and maybe $2.00
three dollars. You can't get a nice one bedroom
in Chicago for. For that Montreal Montreal is
not a not a real place, but I'll see how much again, but like
this is this is the Brazilian real which is the reality the
you know that's broken many, many year highs there versus so
like and that is that is every single EM currency.
So one of the issues about the do I know, let's say the South
African Rand don't be there's two of the bricks, but but the
every single EM currency is also getting decimated here.
So what you've what you've really had for the last two, Oh,
I did it in the wrong way. But what you've already had for
the last two, for the last, well, let's say a month and a
half is that Bitcoin has gone higher.
Despite that stuff, Bitcoin has gone higher despite a stronger
dollar, despite global money supply going going lower.
And everyone's been like, oh wow, Bitcoins have shown such
religious strength. All we saw yesterday was that
suddenly the macro caught up. Suddenly everyone was like, OK,
Bitcoin can't just go higher. Macro.
Macro's going to grab back the the narrative for a little bit
here because the dollar's gone too strong, yields have gone too
high and and everyone's still cling on to the inauguration
executive order. But like maybe that's not enough
to counterweight macro. I think that could be a that
could be a medium term thing to look at.
Like by medium term, I mean like a couple of months to resolve.
I guess we must come back a little bit.
But yeah, generally the dollar's been unbelievably strong as
Bitcoin. Yeah, it doesn't like it's, it's
heading below that that line now, but I would look for it.
Yeah. I would look, look for it to
this kind of chop around here for a little bit basically that
would that would be the aim. So this this Bitcoin chop here
and I know we got to get to topics of this is really
interesting and people are really liking you getting into
the into the charts today. Mendo, we need more of that.
So Mendo, this chop here, like in the 99 region, 98.9, let's
call it 90 because 90 you said in the chat with me that it was
like kind of like a a critical point to like at least something
that it was going to happen. It did this 98 one O 2 chop
let's call it. Is that not good for like I
don't want to say alt season, but is that not good usually for
alts and other coins to flourish?
Because now that it seems it's not.
Yeah, Well, well, we did this is this is what I always remember
from from altcoin season. Altcoin season people think last
for months. In fact, they normally last for
weeks. They normally last for I
remember Auckland season 2021 lasting for such a short period.
Everyone will talk about altcoin season when ETH stopped rally
ETH at the time was like nobody considered the altcoin season.
We did kind of have that, but we had it for about 3 weeks and
Bitcoin dominance went from 62 K 62% nearly down to 54 and then
now it's kind of heading back up to 60.
So in this 21st to the 10th, let's say, let's say a
three-week period, you had an altcoin season.
And in that altcoin season, altcoins did crazy things.
You know XRP went from did a 5X, right?
It wasn't like it was some tiny altcoin season.
It wasn't Solano meme coins. It was it was Dino alt's.
So I don't know if like necessarily we may have had a
bit of our altcoin season already.
These things are still up massively.
A lot of these old coins, right people, yeah, you might be
calling for, you know, $5 USDT, but that I don't know if that'll
happen. And to be I don't think 98 K is
where I would call low on on the chop the range here.
I I actually think it would be lower 90s like I think it would
be very unsurprising if they head down to like this 90 which
hit a few times, right hit this 92 K ish region or maybe 93 ish
a few times. And that's been like a support
level. So I would say 93 K areas like
where the the main level of support is here for Bitcoin, if
it was to to, to properly break this, because it's hit that a
number of times on on on the way up.
So that's where I'd really look. And then and then we'll we'll
see like maybe maybe the NASDAQ, you know, maybe the NASDAQ holds
on to this line and we don't we don't see a macro wobble and and
maybe the dollar doesn't continue to go high, but.
Bullish. And that's why like, that's a
little bit of incredible analysis.
I feel like it's just like a like we just need to be in wait
and see mode. Yeah, this is wait and see mode.
Could all go lower. We could also start to rebound.
And I got today like it doesn't feel like the time to like be
entering new positions. Like let's see.
But also not the time sometimes to exit them right?
Like you don't. It's this weird thing like Mando
was saying. He's kind of stuck between this
like thing where he's like, well, he has some longs, he has
some shorts, he has some spots, he has some shit.
It's like, what do you do? Like some people will hear will
definitely fumble their meme coins at the lows 100% and they
may go even lower than that, but they will have fumble that then
there and then they'll buy it back and some people will short
and win or they'll get busted out to a short squeeze.
Like you don't know, It's like so weird.
So let's have a look at the 2020 right?
So let's. Yeah, let's look at December
2020. That's a good call.
Like a week before Christmas. Same sort of trend line.
So right, So we had a buy signal at the 8th of October.
It went up to, it went up to 20 K and then it hit a sell signal.
It went briefly below and then a giga cent back up and then the
next time it hit a sell signal went down.
We topped around there for about a month and then you got to buy
and we went up again like often in a bull market like you'll get
these and it just means a chop around this lower level.
And I do think we will probably chop if we go down to like 9293
K. And the main thing that I'll be
looking for there is like the NASDAQ and bone yield.
So maybe we do get a bit of a chop in the low 90s before the
inauguration. And we do, we do a similar sort
of move here. We go up to 125 K after the
inauguration and and maybe we get a stronger period there.
Like this isn't like the end of a cycle thing like that would
look at it on a weekly, right? So like if I'm looking at 2020
on the on the weekly, it never, it was just a clean move up and
then it really just broke when it went through on like the sell
signal on the weekly there. That was when we did have
another brief high, but like that was basically a chop.
Can you do you mind going to the exact same day as today?
But not 2020 for me. What do you mean?
Like today. Like December.
You zoom in on December 20. December 18th, yeah, like did it
this day on 20/20. Yeah, yes, we were around here,
right, 30K at that time. That was a 2020 movement.
We didn't break it. And to be clear, we have not
broken the weekly right with, but we're up here, which tells
you that like it can. There's a lot of room to go
down, is what you're trying to say.
But does it doesn't mean it's going to go.
No, no. And like we could just have a
move like like we had here where it just like.
Yeah, there's. 40 to 30 like we have a 10% or. 20 What about the
other move? Oh, that's the June.
I remember that dip. That was the May May dip, right?
The hope is that it's this, right?
And that that really like if it's a correction, which this
would have been a correction on the daily, like, yeah, we go
down to like 30 K from 40K and that's equivalent of like maybe
going to 85 K even on Bitcoin where we are right now, Like,
yeah. Like high 80s from one O one O 8
high. So that's a pretty correction.
Nice, right. And then we'd have a correct 25
percent, 20% correction into the inauguration even potentially.
And then and then we gig a send and then we we go go up there.
That being said, like if you bring up, if you bring up maybe
bring up ETH, ETH, ETH is a little bit closer to to these
sort of levels, I would guess, I would guess Solana.
Solana looks like it's a little bit closer.
So it's it's difficult like bit Bitcoin looks the cleanest.
It's still, it remains to look the the best and but it could
very easily go down to, to, to these sort of levels chop around
and then and then we have a very similar sort of bull market move
where we have a second, second coming.
People get super bulled up about various different things.
But but with macro, what it did, what it just did, I reckon
that's, that's what we, that's what we're going to have happen.
OK, nice. Do you do you have the same
charts out there before Far Coin by any chance?
Because I got a little clip to play for you I can bring up.
I can bring up the the. Fox, do it.
Come on, let's do that. Let let's while you do that,
though. While you do that though, I, I'm
just going to play keep, keep your screen there.
I can see your screen. I'm going to share mine quickly.
And that 'cause you know, we won't have time to get into
Tyler's topics today, 'cause we have a mirror from Sui and we
have to get into Sui. Then roll a bit.
Then we're going to talk about some myriad stuff in a minute.
But we got to play this clip at least in honor of the Fart Lord.
Despite this turbulent market, you don't see me shaking 'cause
I've taken all my money and placed it safely in meme coin.
OK, I'm fine. For instance, I've put it in the
very real cryptocurrency called Fart Coin, which is This is
true, which today surged nearly $1 billion market cap.
But I'm not. Here, I'm not here to brag about
my good fortune. OK, that's the thing about fart
coin. It's silent but wealthy, of
course. Trademark.
Trademark I. Mean you got to love it.
That was like the double whammy for us, Tyler, right?
We got the Crip mention here right on national television,
but he's got Jimmy Kimmel shout out rug radio when you talk
about the Trump shit. And now we got late night show
with Colbert with the Crip with Tyler.
How'd you feel this morning? You got to give the writers
credit, they just minted a new tagline that none of us on CT
somehow have come up with. I, I, I follow the fart coin CT
comments. I, I, I read most of them.
I don't think that I've read Silent but Wealthy.
So that's silent, but wealthy. And I mean the $500 million
reversal candle. Well, let's look at it.
Let's have a look. I mean, man, though, yeah, that
was an insane. I went to bed last night and I
woke up this morning. I was like, 'cause usually I
pray before I open Dex cleaner and I'm like, well, I think fart
coin's going to be at like, I don't know, 700.
I look at like 1's with $2 billion, Like fuck is going on.
Well, you can't you can't chart fog.
This is on the I don't like charting anything, but like,
yeah, it just tells you that normally with that meme coin
like every single other. I mean, let's pick with, for
example, with even on it stand up right nasty.
You have 60% corrections. Actually this is.
This is actually the features chart.
Oh mug. I think I've survived like 3085%
corrections on mug. Fart coin has now gone to a
billion and had won. It's just kept going like
there's a new buy for every single time.
Like whenever I thought even last night I was like, maybe,
maybe I should sell my fart coin back here.
Like it just feels. It just felt like it was just so
unbelievably strong. But also, you know, be the
classic top signal as we were talking about in the chat.
And then I I didn't, I went to bed with it.
And then, like you said, I woke up and I was like, what the fuck
happened to that? And then I saw the Colbert
thing. So you found another buyer.
It's. So nuts, but it's more than one
buyer. I mean, look here, Amanda, let
me take, I'll take over a few minutes for a second.
It's 200 + 1,000,000 dollars of volume in the last 24 hours.
It just got a listing yesterday, which is Kucoin, which I mean
Kucoin is not as relevant anymore.
It's not really a big of a signal.
Maybe it is, maybe it's not. I don't want to talk shit or
anything, but you know, it's $112 million on change volume,
it's 200 and what is it, 200? It's $232 million in volume in
24 hours. No MMM bullshit, no sex shit, no
team shit, none of the stuff that we always say.
Oh, you have to be bullish on for a coin, which is why
personally it was a buyer because I got really tired of
it. Mando like a little burns for a
few coins also like we have to look for me at mucker maker.
We have to look for muckin. I have to look at the oh wait,
there needs to be a whale chat. No, there's no whale chat.
I love you. Has have we seen another meme
coin get to a billion without the sex listing?
Like I'm, I've been trying to kind of go through my I.
Don't know but. Listen, Boom.
Did. Boom got the Binance listing.
Like Dave. Boom boom.
Boom boom, boom. But that was the but you see
your. Binance.
It got Binance. Like the next morning, I
remember we went to half a billion, then it got Binance.
Yeah, right. So boom, didn't really, but it
did. But that was also one of those
like things. But anyways, don't want to,
don't want to, don't want to top this one.
But this is this is one of the good one.
I have to say. It is saving My Portfolio at the
moment. Yeah, look, I still think it
will have a correction. I know it will.
But I I said to myself, I should buy that correction last night
when it. Yeah.
I have to say for what I was getting toppy vibes when you
were like fuck coins the only thing I could own I was like oh
God like rest of my down for oaks.
I've been saying this is the one I rotated right?
Is the one every time. I know this is the one.
This time is different, so let's move on.
Before we nuke, I'll. Tell you why I say this time
just so we don't like feel like talking.
So if it's just like I get like I said, like I don't get the
vibes I get from other coins where like everything's so
forced like we have to get on the sphere, we have to get a
market maker, we have to get a wheelchair going.
Let's all put money together and pay for someone to help us.
Like no, it's all of this bullshit, you know, and I like
that and also it's fart coin. It's so dumb.
It's like so. Dumb.
The joke of fartcoin is that it goes high.
Well, that's the thing. It's like it.
The higher it goes, the funnier it gets, right?
Like, look, we just hit a billion.
Stephen Colbert's talking about it.
You know how hilarious this means going to be at $5 billion?
I guess that's what I'm trying to say.
Like the joke is much less funny if it drops for.
No, it wouldn't be funny if it's like 50 mil, but The thing is
like also all of these normies. Are probably on it.
The joke keeps on getting funnier because the higher it
goes and that is a great, great utility.
But that's why I'm a little bit wary on it because I'm like,
there's going to be one day when it drops and suddenly Falcon's
worth 600 million. And then you're like, Oh, yeah,
OK. I mean, it was worth that
yesterday I. Want to buy that, but I'm
telling you that I need to see that before before I buy more.
And maybe it does just keep straight lining up to like 2
billion or whatever, but pardon me.
We'll see. Joke.
Yeah, we'll we'll see what happens there, but anyways, this
is all credit to Tyler here, who has been like non-stop talking
about this fucking fart coin like all day long in the formal
hour chat chat to you. You're probably one of the
reasons I was like fuck this. So thank you, Tyler.
I. Want to thank the.
Doctor the the Doctor Who was scrolling fart coin charts back
at $30 million. That that was my signal.
Well, it's true. You told us the story about the
doctor. We should go back and dig that
video up because you were telling your doctor was busy
scrolling far coin charge for like 15 minutes.
He was right. He's not a doctor anymore.
He's a retired doctor. He's.
A retired doctor, retired 35 year old doctor anyways, all
right, listen, we're not going to get to Tylers top 100 today,
but he's going to keep him for tomorrow.
But there were still something came on the mirror.
Hang tight. I see you in the studio mirror
hang tight. I got some questions for Suey
here and y'all should hang that because we not only are we going
to talk to Suey right now, but we're also going to talk to
we're not going to talk to them. We're going to rub it spin so
you guys can win some money. But quickly we have video loaded
for y'all. Some news came out this morning.
Damn, this video gives me shivers.
Wow. So that was the big news this
morning coming out of the Marriott Foundation, which is
super cool. And also, by the way, that's a
real big code MYR, so we won't get into too much details of
that yet. Obviously more to come, but this
token will be adopted by rock radio, by Decrypt media, by
Lucky trader, by D Jens, by Faroque and by a whole lot of
other media publishers and publications to come.
So hang tight. You know, this was just a little
teaser that came out of the foundation this morning.
You know, to to, you know, a little holiday regal for for for
everybody who's been following for a long time.
Billions must predict and billions will predict.
And so really excited about this.
It's going to be good. Have you guys been trying
playing with Myriad a little bit these days?
Tech got really good. I have.
Slick. It's nice you both of your
minutes are in there too. So you guys are in the quest.
So it's super cool. So definitely check it out
Myriad the market. You guys want to play with this
man. The tech has gone just
incredible. I was just giving all the
flowers to the tech team. You can why read the Mendel
minutes when you can get read them, but also, you know, earn
points for reading them. Why read the Tyler minutes when
you can read them but also earn points for reading them.
So make sure you connect to myriad dot markets and get
involved with this, but also for FOMO hour right now if you're
watching FOMO hour on YouTube, I'm pretty sure it's live here.
Maybe I'll try and see because I have the extension.
Make sure you get the extensions.
Yeah, right now if you're listening FOMO hour, guess what?
Yeah, clean. This is you would think that
this is directly from YouTube for listening to to to this show
as we're live for 5 minutes. You can then collect directly on
apps. So this this tech is fucking
sick and and it's working incredibly well.
It's native to decrypt as well. You can go on article and it's
right there. You see here.
And as you scroll, it just keeps going down.
And then when you're done reading, you can then collect
using extensions and it's done just like that in the click of a
few buttons. So definitely get about with us
and and sign up, you know, some some very, very, very big things
planned up and, and excited to hear more from that.
So especially if you're creator, it's gonna be fun.
Anyways, with that being said, Tyler, we're going to push your
topics tomorrow because this conversation was incredible.
Mendel, thank you. I think we should just clip it
and like post the whole thing online.
Congratulations everyone. We've had 100K Bitcoin.
Let's fucking go.