Bitcoin & Ethereum Flash MAJOR Signal (Hyper Bullish)

**SPEAKER_1** (0:00)
Welcome to Discover Crypto. People who shorted Bitcoin this morning, we also call them poor. Mass destruction and chaos has just unfolded on the Bitcoin chart. Things are being absolutely ridiculous to the upside right now. A quick flash washout down to $76,000 happened in a blink of an eye, and all of a sudden, we're tapping near $80,000, all on the heels of CPI, inflation data coming out, and a lot of admittance from the Treasury on their buyback program. We actually have a solution for this that we came up with on how we can entice more people to buy our useless fiat currency debt. And I have one of the more bullish things that I've come across in a very, very long time to talk about on the Bitcoin chart.
Shout out to everyone here. And we got Mr. TJ on the wings. Happy Friday to you. Good, sir.

**TJ** (0:53)
Happy Friday. Happy Friday. It is a very happy Friday. It's happy Friday for all of us because, yeah, we're getting getting, uh, it's still going on, still going on.

**SPEAKER_1** (1:02)
I know. I thought I fixed it last night.

**TJ** (1:04)
It's always a weird hum. So no prices are pumping like crazy. I'll just get right into that. Um, you know, all, all my favorite coins up here at the top, which I'm loving. It's like, hey, defy, defy, defy, AI, defy, defy, defy, defy, defy, Ethereum, which also defy, defy, defy, defy. So, you know, uh, it feels good. It feels good when you put your money where your mouth is and it pays off. Um, cause yeah, I mean, now I'm just regretting not being more degenerate into all of these things. Still obviously, uh, major Bitcoin, you know, still a heavy Bitcoin, Ethereum, but have radium. I don't have any pawns. We did talk about it though. Uh, VVV. Obviously you guys know, I love near is my, my beta play when it comes to AI talent near, I kind of pair them up. Jupiter arrow lighter. I probably should have.
Rapid moves, you know, went down to flush the liquidity, like you said, 68, and then just rock it. We were sitting here watching it happen live. We're like, whoa, what's going on? Look at, whoa, we're already back to 77 Whoa, we're already back to 78 Whoa, we're almost 79 And the story for me of the day, and I think this is gonna be the story for a while. You know, I always talk, we talk about tracking things in Bitcoin. We talk about the Ethereum BTC chart, but it's starting to hit some pretty significant levels, kind of starting to clear some resistances, so we'll see if it holds, but... I mean... Yeah, if Ethereum outpacing Bitcoin is a very good sign for all coins.
Yeah, I mean, I just, these moves on Ethereum have been nice.

**SPEAKER_1** (2:46)
Yeah, you're reminding me to look at the ETH to BTC chart as well.
And also, just on that vein, this morning, the crazy part about this morning... was it was a liquidation wipe of over the last 24 hours. We've seen half a billion dollars in shorts liquidated and 253 million in long. So we're seeing massive, massive liquidation wicks and Bitcoin, you know, I was looking at it right this morning. It actually left some of these bears behind alive, uh, with their, you know, the longs were left slightly alive. All the bears died though. All the bears died. And this is the, uh, kind of callous I was looking for. And the data that we came across, uh, it was a friend of the show, Matthew Hyland, put out the Bollinger Bands, the Bollinger Bands signal that actually I think is, I took this about 10 steps further to look at what this Bollinger Bands signal for Ethereum and Bitcoin actually could play out to, because these patterns looked very, very similar. So I decided to go back into history, compare and contrast these, and then roll it out in a reasonable manner to look at what this actually could mean for Bitcoin over the course of the next 10 years. And the results are shocking. The results are going to leave a lot of people on the sidelines, in pain, and regretting all their decisions of living in fear over the course of the last year here. So I'm going to be talking about that. We had the big news come out this morning about Core CPI rising faster than the forecast, 3% in August, setting up a possible Federal Reserve rate hike. We're seeing conflicting things, because we're seeing the likelihood of a Federal Reserve interest rate increase come. But TJ had a great point this morning. This is being talked about. Core CPI at 2.4% is the lowest in five years. So we're seeing this happen at the same time. Lowest CPI print in five years. It never strips out food and energy, of course, because we don't count those things. It reflects the sticky underlying part of inflation, things like shelter services, everyday goods, and it's been falling steadily for years. A very, very interesting data point here.