$1 Billion Just Hit Bitcoin (What Do They Know?)

Drew (0:00)

Whoa, what a wild intro that was. Good morning, and welcome to the biggest bull market of your life. Crypto is still screaming. The altcoin sector is on fire right now. We have Arbitrum up 53%.

I think this is over the last week's timeframe here. Some of the biggest winners are in that AI sector. And Bitcoin is still fighting around that $86,000 mark, the four-hour timeframe, showing some juice. And some of the biggest stories that I've seen come out today, Binance moving in tandem with Circle, and a massive move towards USDC.

We have the largest hedge fund manager everyone knows about signaling one of the biggest changes in sentiment for Bitcoin in ETF inflows. And it looks like Elon Musk is getting ready to roll out that CryptoX money play, a massive, massive timing play from Elon Musk. Great to see, and I'm gonna be joined by a couple of the greatest minds in crypto. First and foremost, I gotta bring them up, Mr. Kelly Kellum. How are you doing, good sir? Out there in Las Vegas, rocking those altcoin bags like a savage, man. How you been?

Kelly (1:11)

I'm feeling absolutely mind-numbed that so many people were so against the possibility of Bitcoin and the crypto market and altcoins absolutely ripping faces off yet again. We're seeing that right now. The start of something very great is underway. Not only is Bitcoin starting, obviously making a pretty swing to the upside. We got some key levels we're going to show on that, but the altcoins of which were dead and that were never coming back yet. The guest is coming on here in a second, and you and I and TJ, we were kind of screaming from the rooftops that it felt the whole entire last, I won't even call it a cyclot, the whole last trend that felt bullish, that never made its way to the altcoins, felt like something else was going on. And our guest is going to, he broke it down last time he was on, I'm sure he's going to break it down again this time. But all those signals that have happened leading into the last major alt boost, and I'm not talking about last cycle, the little baby pumps we had, I'm talking 2017, 2021, finally seeing some of those things turn the corner as well. We also saw the stock markets hitting the all time high yesterday as well. So I'm super excited, I'm looking forward to jumping in with you and with our guest.

Drew (2:28)

Absolutely, man. And now, from where we're at, I do got to start it off with where Bitcoin is sitting right now. I was talking about just the main shelf above our head that we did slightly bump our head into over the course of the last few hours here. I mean, we pumped, I believe, to about 87 and some change. And I know I was highlighting the old, yeah, $87,300.

When you're looking at Bitcoin from a longer term perspective, I'll make Money Flow a little bit smaller here, just so we can kind of get a good bellwether. And I was paying attention to this, the beginning of the volume note, $87,500, which, you know, with the velocity that we've had over the last week, I'm not going to be surprised if we actually have the juice in the tank to get there against all the wishes of the bears, because the daily Money Flow is once again swooping aggressively to the upside. Watching this momentum wave to see if we end up setting up a lower high in terms of momentum to potentially build that scenario for a cool off on the market, but it has absolutely been ripping right now.

Kelly (3:34)

Well, Drew, Drew, throw it to my screen real quick, because I agree with you entirely. The one thing that I'm watching is this zone directly above us. So you talk about a cool off period.

I'm watching this, all of these, this chop zone that comes in through here, because if you draw this across, you realize all of these lows are in here. Support their rejection, rejection, rejection. But then the caveat there is, I feel like the zone that we got to pay attention to is not necessarily this exact bold gateway that I wrote in, but really this zone between here 93,000 and 100,000, because we have all of this previous price action, both tops and bottoms. We have this range high right here that we still have not broken through. And also, if you pull a fib from the top, you got to just pull a little happy fib. We got the golden pocket right there, about the 100 to 102,000 dollar range. So if the price action rejects here, it's not over. I think this would be a great sort of rejection, find support, go. But I think yet again, just like every bullish trend you'll ever see ever, they never go like this, it wouldn't surprise me to get a little bit of a cool off here and then right in here, this is going to be the very important zone, right in this 94 to $100,000 range. And then I think once we clear this entire zone, I think people that haven't stacked are going to be jumping beside themselves, wondering why they missed it again, and yet all the signals were here.