BITCOIN TREND BROKEN?! (Top Altcoin Movers)

Drew (0:00)

Woo, I'm back from vacation. Bitcoin still holding over $80,000 and doing something that we haven't seen in the last 10 years on Bitcoin. Price action, a very, very important monthly close coming up for Bitcoin. We're gonna take a look at it. The bears are indeed getting burned. And you know what? A man, my co-host here, Mr. Kelly Kellum.

Oh, my gosh. How are you doing?

Kelly Kellum (0:27)

I am now Jason Statham, and I am the co-host today. I took the plunge, I trimmed it all, shaved it all down, looking clean.

I got the bald head now. It's a new chapter of life. Gotta own where you're at. I'm here to build, baby. I'm not here to clean, okay? Not here to clean, but I am here to build, baby. Let's go.

Drew (0:47)

Bald is beautiful. And you know what, Kelly? I'm loving the look. I'm loving the look right now. Welcome in, everyone. We got Tilt No Guilt, Nick Dunn, Bowie. And you know, the general vibe, bears aren't getting what they wanted. They're instead getting a cold plunge. This is Sailor.

I'm taking them out.

40,000. No. Goodbye. Sailor is unhinged with these AI posts right now. Bitcoin also looking a bit unhinged on the larger timeframes here. I did a morning, and if you aren't in school, make sure to join school. But I did a morning TA pre-market live stream this morning, mapping it out.

Great analysis with Isaac in the Discover Crypto school, Isaac Crypto Gains Hub, also known as. If you are in school, make sure to catch those. We do the Bitcoin Market Open TA. And I noticed something very, very interesting on the monthly time frame is that we were writing off a fresh August green dot on Bitcoin's price action. Now, we've had this signal four times in Bitcoin's entire history. And there's a very, very nice design to the money flow swooping back to the upside, not nearly as scary or jagged as the bear market of 2022 and 2023 Things are looking very good right now. Bitcoin is doing something very interesting that we haven't seen since 2013, in terms of where we might close on this monthly candle here. So, I'm watching this very closely, and put a hat on, it's distracting. The chat just can't get over here.

Kelly Kellum (2:28)

I love this look.

Drew (2:29)

I love this look.

Kelly Kellum (2:31)

You know what, I didn't want to be, that's gonna be too caustic to say. You gotta own where you're at, you know? And there's hair powder you could put in to make your shit look fuller. I was like, you know what, no, I'm not wearing makeup on my head.

I'm tired of wearing a hat, and I'm tired of, you know, when the wind blows, you know, I got my little baby Donald Trump just floating in the wind. So I was like, you know, I mean, I was thinking about it for about six months, and I was like, I just, I chopped it, so. But I like it.

Drew (3:01)

You're embracing it.

Kelly Kellum (3:03)

You got to, you got to, you can't change your, you can't fight the circumstances you're in for the outcome you want. You got to, you have to plan, you have to plan for a variety of circumstances and own where you're at. You have to own your circumstances. And so, hey, if you own it, it looks good. If you're, if you're doddling around, it's like, no, man, just, hey, shave my head, let's go.

Hey, more hair, more, more money to DCA in the market. No haircuts, no hair products, you know?

Drew (3:33)

Thinkin thin, I like it. And you know, really, you know, Bitcoin's kind of owning where it's at right now, speaking of that. So on the monthly timeframe, a very clean bounce off of the 50 SMA. And now, when I start to zoom in on this, and I'll just do some kind of local Bitcoin TA and then talk about the grander scheme and what we hope to see September ends up looking like, Isaac highlighted a great trend line that on smaller timeframes, this trend line is something to be watching on Bitcoin's price action. We still have not gotten a decent flush down to $77,000. It's only been about a month that we've been messing around in this 80K range. And something else dawned on me.

Last week, in the TA, I was at least looking for a... I mean, this would be the most bullish case is a bump and run from the $82,000 mark. We did indeed get that over the last few days.