Bitcoin Dumps After Strategy Exits (Where I Will Buy)

**SPEAKER_1** (0:00)
This is Discover Crypto, and Bitcoin is crashing, and today we're going to blame Michael Saylor. Bitcoin is down, the altcoins are down, and we're going to go and look at my charts that I charted Friday of last week. Drew, it might have actually been Thursday. Drew, how are you doing today?

**Drew** (0:13)
I'm good. Boy's a little sick, you know, but he's feeling better now. And Daughter won her very first tennis match.
So, super excited about that. Market's hitting 6-7, not feeling so great. We got here a little quick for me, for my feeling, Teredizi.

**SPEAKER_1** (0:29)
We're moving down. I just opened a long, like literally 30 seconds before we went live. We're up slightly. I might go ahead and clip this one and run, Drew. We're up almost 10% on the trade. Threw in a little bit more than I probably should when you're looking at the falling knife strategy. But we're going to go to the liquidation heat map. We're going to look at some levels, and we're going to chart some crypto, everybody. So, smash that like button if you like some crypto charts. That's what you're coming here for now.
Did you show the trade, Drew?

**Drew** (0:55)
Yeah, yeah.

**SPEAKER_1** (0:55)
8.9%.

**Drew** (0:56)
So, you're going to clip it? You think you're going to clip it?

**SPEAKER_1** (0:59)
We're going to go look at the charts shortly, and I'll look at some smaller time frames. And if it looks a little shaky, or we're going to hit refresh on the liquidation heat map, if things look scary, Drew, we're cutting and running.

**Drew** (1:11)
All right.

**SPEAKER_1** (1:12)
In fact, I'm probably in the red already.

**Drew** (1:15)
Things are moving fast.

**SPEAKER_1** (1:17)
It's a fast moving.
All right, let's look at the rest of the crypto market. So, Bitcoin is now down 5% just in the last day. So, we're talking about some pre-series correctional candles here. ETH is down 1.5%.
We have BNB down only about 1% here. We do have hype pumping, Drew. Drew, what's been my favorite altcoin this whole year?

**Drew** (1:35)
Yeah, I think hype's been a major saving grace. You've leaned a lot of other alts you were.

**SPEAKER_1** (1:41)
I told people to sell Cardano to buy hype. That's when you know I got convinced.

**Drew** (1:45)
I thought hell froze over when you said to sell Cardano for something. But it's been doing really, really good. And I think we did get close to 80 bucks on hype. So it'll be interesting to see. It's pumping today while everything else is absolutely getting wrecked. So shout out to hype. They're doing something right.

**SPEAKER_1** (2:01)
Now, I got some bearish lines, Huck. We got some bearish lines. And I put out some predictions like, you know, if X happens, then expect Y with this altcoin, like with Chainlink. And I got some other just ranges that we're going to be checking on everybody. Now, Solana is down 2.8, Doge is down, even Zcash, though. Woo, Zcash with a 6.7% pump, 6.7 in the chat. And we have Lab. We're going to talk about Lab. Lab at a very suspiciously round number, Drew. That is a $20 coin. ZachXBT, I think calling that one a scam. Now, let's look at the big gainers here. It is Lab. It is Worldcoin. It is MemeCorp. It is ICP. It is Near. It is Render. Tell you what, maybe we'll look at the Near charts as well. Ondo with a little pump there. Jupiter with the pump as well. Big crashes. Humanity. Stellar. Stellar just got some good news. Launched a stablecoin. It's down. It's down. It's now down 10%. Monero's down. Aave.
I sold all my Aave for Hyperliquid.
I did it in tranches. Should have just done it all at once, right in the beginning when hype was trading in the 20s. But you know, we did DCA out of Aave into Hyperliquid. So seeing that one down, you know, it doesn't feel too bad there. And Morpho drew. Morpho now near a very strong psychological level, $2.
$2 Morpho.

**Drew** (3:17)
It could fall more. I'm hoping it goes back down to like the $1.50 range.

**SPEAKER_1** (3:20)
So you'll buy some more if it falls. Morpho?

**Drew** (3:23)
Yes, I will buy more Morpho if it drops a little moat for me.

**SPEAKER_1** (3:28)
All right, let's look at Bitcoin now, everybody. So Bitcoin, whoo, look at that red candle on the daily. Totally out of the range here. But we do have a short-term bear flag. So let's look at the bear flag and let's go ahead and chart this to see, have we hit the level or have we even exceeded the level? And so this is the one-hour chart that we're looking at. You can see the beginning of the flagpole, and then you see the wavy flag. I'll even throw a little parallel channel here to make it look a little bit cleaner. And so this is your textbook bear flag on the one hour. Now, we also have the macro bear flag, but maybe I'll have to talk about that in a video tonight. I'll probably do a video, just emergency chart video, look at some levels. I am buying more Bitcoin. Let's stick with the short-term price action here.