BITCOIN MUST HOLD $83K… OR THIS HAPPENS NEXT!

SPEAKER_1 (0:00)

Bears get burned, but they are testing our patience. Welcome one, welcome all to Discover Crypto.

We have Bitcoin being tested. Ooh, and I got Kelly. Wow, Kelly, how are you doing, Mr. Kelly? Good to see you from Vegas, man.

Kelly (0:14)

You know, I'm doing good. Before we jump into that, I just wanna share something really beautiful here on my screen. You know, I was away a few days last week. I was in Maui, putting my grandfather, lived the legendary life to rest, had an absolutely beautiful ceremony, and quite a bit of our family came out. Then we went out on a catamaran and threw his ashes there in front of, you know, off the coast of Maui through flowers. And, I mean, it was a life celebration for an overwhelmingly, incredibly legendary life lived, died at 103 about a month ago.

Five sons, over, you know, I think like 55 grandkids and, or not, yeah, grandkids, and so many people touched by this man's life.

The most respectful officer and gentleman, just awesome guy. So I just, this is where I was, thankfully, I did not burn my, my newly shorn hairline here, but I've been paying attention to these charts. And I got a big announcement for everybody in the school community. If you're not in there, get in there yet. We got the DC research up and live. I'm going to be breaking it down for everybody tomorrow on the Wednesday school calls, how to use it free tool if you're a school member. But these markets are looking good. We got some really interesting timelines and timeframes that things are playing out on right now that are signaling we've got some really wild things about to happen in this market. So let's dive into it.

SPEAKER_1 (1:53)

Absolutely. Absolutely. And over the last few trading nights, actually early this morning into the night last night, we got tested down to $81,000, just under $81,000 in the trading hours. Now, as things have woken up and the markets are getting going here in the US, we are bouncing. We are showing some buoyancy off that $80,900 mark.

This local spot of resistance is playing into our charts, though. We are running into $84,000 and keep getting slapped down. So, we are going to see if we can break this level today. And really, I do want to discuss what happens if we breach this $80,000 level, just to set some potential buy targets here. But we had some shakiness happen on the global market. The Korean exchange halted last night, after selling for five minutes. After the Cosby crashed 5%, this is the first sidecar triggered almost two months ago. Cosby is selling off a little bit of semiconductor and tech sell-offs going on as well. And it's playing into our vibes here in the crypto market. Not going to lie, we're coming back down to around a 55 on fear and greed. We are now down on the market cap, down to $2.7 trillion, and Ethereum is feeling like it is just stuck to one of those flypaper pieces here at $2,500. Day in and day out, Ethereum hitting the brakes on the price action movement. But there are some alts moving right now. We had stacks up 8.6 percent, Tezos RIP up 4 percent, and Canton Network with a major announcement coming up about 3 percent on the trading day. Falcon Finance, Uniswap as well. Trying to, it looks like we should probably, Kelly, let's make a side note to track where Uniswap is headed right now, because I know that we recently had a really big move on Uniswap.

So I want to make sure we're not missing any bump and run pattern on that one. A lot of shakiness in the market, but I'm not too concerned. Oh, no. Did ADA get flipped by Leo? Say it ain't so. Who's doing the flipping here? Who's flipping who?

Cardano is above Leo. It's technically above Leo right now.

It did get flipped by Chainlink recently, and I remember 25 cents well on Cardano. I'm not liking seeing Cardano get rejected at that 25 cent level. Just locally speaking might not be the best signal here. So there's a lot of charts I want to bring up, and I bought a low market cap altcoin. I can't help. I'm a little bit of a degen right now, Kelly. These markets have me feeling a little fidgety on, you know, this accumulation zone. Because in general, and I want to talk about my kind of altcoin map with you on the show today, but in general, I feel like the next six months are going to be looked back on as those good entry point zones. So I'm kind of, you know, I've padded out projects that already happened. I got into near lately over the past few weeks. What are your general sentiment, though, on like where Bitcoin is sitting if we're at the edge of a potential cliff in these alts? Because the altcoins have been really fun for the last few months. I'm like, is this too much fun that we're having too early?