Video summary
The speaker begins by updating viewers on the shifting landscape of the current crypto cycle, noting that historical patterns are being disrupted. Unlike previous bear markets where altcoins struggled to rally early, this cycle has seen significant interest in alternative assets, exemplified by Hyperliquid reaching a $78 billion market cap and Zcash hitting all-time highs during downturns. The speaker acknowledges that while many indicators like Glassnode and the SMC bot previously signaled lower prices or sell-offs, the market behavior has changed, with altcoins showing unexpected strength. This divergence from past cycles suggests that institutional interest in utility-driven projects may be emerging earlier than expected, challenging the traditional narrative that the bear market must last a full year before turning bullish.
Central to the speaker's strategy is the use of data-driven tools, specifically the SMC bot, which provides buy and sell signals across various assets including Bitcoin, Solana, and XRP. The analysis highlights how Solana recently triggered a buy signal around $12 after testing support levels, leading to a significant rally that saw the price rise threefold in a short period. Similarly, Bitcoin has shown signs of bottoming out near key moving averages, with the speaker emphasizing that hope is not a strategy and that dollar-cost averaging is essential when data signals a potential reversal. The discussion also touches on the concept of "smart money" shorting positions, which often leads to market manipulation through liquidations, but the speaker remains confident in their timing based on confluence from multiple technical indicators rather than relying solely on sentiment.
Looking ahead, the speaker expresses optimism for altcoins and specific narratives like the Robin Hood chain, citing projects such as Pawns Index and meme coins like Cash Cat as high-potential opportunities despite their risks. The conversation shifts to community engagement, where the speaker shares personal anecdotes about learning from other YouTubers and even taking a job in the crypto industry after hearing advice on a video. The segment concludes with a call to action for viewers to support charitable causes and contribute to a fundraising goal of $200,000 through various payment methods, reinforcing the idea that while trading requires discipline and data analysis, community support and ethical practices are equally important in sustaining long-term success in the space.
Read the full video transcript
I haven't been on the show for a while,
right? I think it might be good to
update everyone on where we we kind of
left off and um I kind of make my
decisions normally. I try to from a data
perspective and we for the first time
are seeing so many things that are
different right now. And I think last
time I was on the show it was an easy oh
the smart money is shorting. Glass node
says we go lower. The SMC bot is on a
sell signal. So many things have changed
since then. Um, so yeah, I'll run
through. Let me uh just share my screen.
The first thing that I've noticed is
different this cycle has been uh CMC. If
you look at Hyperlid, it's been the
first bare market that we've seen
altcoins have a rally, right? We we
never saw this in the previous bare
markets. As far as I'm aware, we've not
seen altcoins go to $78 billion market
caps at what's supposed to be the start
of a bull run, right? And we're coming
to that period now where historically
the bare market ends around October and
uh this time it's been different. And I
didn't see this coming at all. You know,
I hold my hands up and say I could have
bought Hyperlquid at $20, right? And I
thought we were going lower. I said, you
know, usually we go down for 12 months
and and and it didn't happen. So we have
to acknowledge that first of all there
is interest in altcoins. We do see
utility um in the space and uh we also
see that with Zcash, right? If we look
at Zcash, by the way, I'm not not
holding Ccash. Not a fan of it
personally. I'm just saying we can't
deny that it's sitting at 17 billion
market cap. Um and it's pumped to
all-time high in a bare market. I don't
think we've ever seen this before. So,
you know, where are we going to be as we
go into the bull run? Is there interest
in altcoins? Are there institutional
investors that are looking at um utility
in in crypto this early, right? What
happens in six months? So, historically,
Zcash pumping marked the top of the
market. And this lined up with a lot of
our other signals from Glass Node and
and from Trading View. Um and uh yeah,
you can see here top of the market, top
of the market. But we've seen Zcash
continue to be to be strong here. Um, so
let me uh am I still sharing yet? So,
let me share my other screen.
>> Okay.
>> And uh we'll show you I'll show you the
trading view chart.
>> There's loads of other altcoins by the
way. Those are just a couple that I saw
that have rallied.
>> And then Wes at as you're bringing this
up, I found something interesting as I
was going through your playlist is you
and Ivan are doing the same type of
thing as far as like taking a look at
the macro. I'm constantly checking the
news, constantly checking the
information because you are a swing
trader,
>> right?
>> Yeah.
>> But but but but you were taking a look
at everything that's out there. Ivan was
talking about his AI that he has that's
kind of integrated and you are talking
about your SMC bot also the integration
that you're doing and help helping your
uh your guests all over on Patreon or
your members.
>> Yeah, absolutely. So basically Ivan is
one of the channels that I resonated
with the most um because I was actually
a delivery driver, right? I was
delivering groceries and um I was
listening to crypto videos and I was
going through all of the the YouTubers
and I came across Ivan and Ivan's uh
thinking and his like logical take on
things and also he used to be a dev
right so he had a lot of experience
>> he was at he was he was so right about
so many things and I resonated with that
and I listen to a lot of his strategy so
a lot of the things I I talk about or
the skills that I use in in the space
I've learned from a lot of YouTubers um
you know, including yourself. I learned
loads of things from you. Um Ivan on
tech. Um I could go on. There's there's
so many there's so many people and and
even some of the bad ones every now and
then you'll learn you'll learn some good
things from them every now and then.
There's been some terrible ones that
have said, you know, in these situations
this means this and I've like and it's
happened and I've remembered that and uh
you know, you can pick up bits. Not
everyone's going to be right all the
time, but you can pick up some really
useful information. But yeah, shout out
to Ivan on tech because one of the
things he said was um if you if you want
to learn about this space, go and work
in the space and literally the next day
I applied to work at a crypto exchange
and uh I got a job. I got a job at an
exchange and then I got a job in the
industry and I start before I knew it I
was working for IRK building stuff for
them. It was insane. Yeah, just from
that one video. That's why I always
tried to give people advice because you
know you never know who's listening and
and uh what impact it can have. But
yeah, he I think he's got the he's got
something that's similar to the SMC bar
that also
>> Yeah,
>> very similar thing. Yeah, it's very
similar thing.
>> Um, so yeah. So, can you see the trading
view chart?
>> Not yet. If you can throw that
>> uh
>> but but I will just say as you're
pulling that up, it's it's uh you know,
you can tell good people when you meet
them. And it's uh it's all about purpose
of life, constant improvement, and also
what's great is to constantly improve
and help those around you. Those are the
ones that you can tell.
>> Love that.
>> And this is why I resonate with certain
people and they're on the show, and this
is why I don't talk about other people
when they're not on the show. And that's
pretty much it.
>> Uh I love that. I love that. And uh
yeah, the stuff you're doing, Rob, as
well, for the for the charity is
amazing. I remember you told me about
this last year and I already I jumped in
and got involved. But uh yeah, big big
shout out to you and the health and
health and wealth stuff you're doing as
well. So uh yeah, good vibes. Can you
see the chat now or?
>> No, I can't.
>> Okay. Uh that's weird. It says stop
sharing. Sharing this tab to Streamlab.
Stop sharing. Okay.
>> Oh, you know what? Because you might be
uh I know why.
>> Oh, am I clicking the wrong link? I
think I'm clicking the Oh, I'm clicking
the wrong link.
>> Uh okay. Yeah, let me try this one.
>> Yeah, that's how it is. So, someone's as
you're pulling that up, someone's
asking, sees your blink says, "Uh, how
does dad drink his coffee? Black, no
cream, no sugar. It's always straight up
black coffee." And I'm fasting the whole
day, too. So, this So, I can make the 20
hours. Very easy stuff. Very easy stuff.
Okay.
>> I started I started fasting, too. Yeah.
The Nomad fast. So good. So good.
Haven't eaten anything today. It's
great.
>> Well, I mean Well, that and all those
spike proteins and things like that we
talked about before.
>> Yeah. Yeah. Yeah.
>> Okay. Yeah. Can you see the chart now?
>> Yes, sir. We can.
>> Okay, cool. Uh, so yeah, so we've got
the SMC bar here. And basically, it
gives buy and sell signals on assets,
cryptos, stocks, commodities, whatever.
And I had a rule this cycle. We didn't
have this buy signal, right, last time I
was on your show. We were on a clear
sell. And I said, look, we're in a clear
downtrend. There's no point in me
panicking. I don't need to do anything.
But one thing I don't want to do in a
bare market is get too bearish, right? I
don't want to
>> the chart's been going down for 10
months. You know, we sold our crypto
last year, not at the exact top. You
know, we we took profits. We DCA out
close to close to the peaks. We've done
well and now we don't want to get too
bearish and I myself was getting very
bearish around 60k and I my honest
target was around 40 to 50k somewhere
between 40 to 50k
>> and we did have this green bottoming
signal flash here which I kind of didn't
pay much attention to 69k and then we
came down below that and I was looking
at the previous cycle and the same kind
of thing happened last cycle you see how
we had this green bottoming candle here.
>> Okay,
>> we did come below the 200E moving
average. We then came down to this final
black swan event which I guess maybe you
could say sale or selling was this cycle
black swan event is possible. I don't
want to say I'm not saying we can't go
lower. I'm just saying look maybe it's
possible. But the the main thing I want
to talk about here is the first time we
had the buy signal, it was the start of
the bull run. Okay, we had the green, we
came down, we had the buy signals at the
start of the bull run, we pushed through
the 200E moving average, we got we got
over the 200 day moving average, which
we we also have this cycle. And I can't
be too greedy here because, you know,
you start to get into disbelief
sometimes. How can this be possible? How
can we back back at 80K? And that's how
most people lose when really you have to
snap out and say, look, some people were
buying at 120K. It's now 78K, right?
Whether you get in at 60k, 58k, it's
still only 20k from the bottom right
now. It does suck. But yeah, I have
started to dollar cost average in
because I don't want to I don't want to
um get stuck into that hope because hope
is not a strategy and you could just
hope and hope and hope and BTC could be
back at alltime high before you know it.
>> Um we saw the same thing happen on
Salana. So look at this last cycle into
the bare market, right? sell signal from
the SMC bot uh up here somewhere into
the bare market. Bright green bottoming
candle and be take take into account
these don't flash very often, right? It
didn't flash the entire bare market and
it it literally flashed at $12 around
$12 and then the first buy the first buy
signal was the start of the bare mark
bull run. It did try to battle this
moving average here, this SMC moving
average. did try to battle this and it
kind of broke through and uh but then
look off to the races. So imagine you
were bearish here going are we still in
a bare market? You had a few weeks
before it was up 3x.
Uh so yeah again
>> no good gone. Yeah, again we had the
same this cycle, the green bottom. It
did come back below the green this
cycle. We haven't quite got a buy
signal, but from my experience using
this bot when you start to try to bang
against this level, it's it's giving you
the sign that it's it's ready to break
out. Like it's tapped it, got rejected.
It tried to close above, got rejected,
and now it's kind of sitting below. It's
kind of consolidating below resistance.
Um, look, we could of course um spin to
the downside here, come back, but after
such a big move like this, you're going
to get a lot of people DCAing at these
lows. We're getting close to October,
November now. I don't think we have the
time to come down to some of these lower
levels. So, yeah, I I I started to DCA
as well.
>> Very nice. So, I I got to tell you one
of the things that uh first of all, go
back to that when you showed the SMC bot
going down to the $9 $10 range and
>> on Salana.
>> Yeah, on Salana. The one
>> I got to see that again because it's
always amazing to me as like and I've se
and like I must be honest with you, Wes.
I must be honest like I don't really put
too much stock in it in the beginning
because I was like ah Wes is just you
know doing his doing his thing but who
knows but over time I have seen a lot of
things that have gone right and of
course you you are one of the few ones
that even said like hey I got liquidated
this has actually just happened and
these things happen right
probabilistically no one's 100%.
>> But it's all about moving forward. So
like this this one right here let me put
that in again.
>> When did it flip? What was the what was
the price exactly?
>> Uh I bought Salana at the buyer. Well, I
bought it around $23.
>> That's pretty. So So we didn't hit the
absolute bottom, which is what I'm I've
heard from every single guest that has
been on today.
>> And you you haven't sold the absolute
top, I'm going to guess.
>> No. My first sale on Solana was 190. So
you see this peak here? Sorry. Uh this
peak here, 190. And then I sold 190. We
came back to the SMC support and then uh
I sold here again. We had another yellow
candle up here. The yellow candles
aren't as consistent as the green. You
can see here they're not very
consistent, but they don't flash up all
the time, but if the rest of the signals
are flashing up, maybe BTC's alltime
high here, froth is crazy. We're in
extreme greed
>> and I see the yellow and I'm taking
profits. It just helps me. It's easier
for me to take profit. Same here, right?
We were at froth, greed, back in greed.
BTC was at a major resistance and then I
took some profits here. Um, so yeah, you
do get this chop around the end of the
market and you could you could argue
that when you when you get the first
sell signal coming out of a bull run
that is to me is okay, we need to be a
little bit cautious here, right? We've
just been in this rally for over a year
now. We've had no sell signal. We've had
these massive peaks. You know, it's gone
up 30x from the lows. We got our first
sell signal. Maybe we should just think,
hm, am I getting a little bit bullish
here? Should I take a little bit off the
table and then eventually it turned into
the final sell. You saw the final rally
and then the final sell into into the
bare market. The question is, are we
going to get a buy? I don't know. We we
also had another one on XRP. Let me just
show you this.
>> Oh, this would be good for the army. XRP
army loves this.
>> Yeah, I I'm not uh buying or holding
XRP. I'm just saying we had another
green flash here. And uh that's the
first green since the the the the uh
bare market. And look, we had a yellow
up here as well. Yellow topping candle.
We did short XRP this cycle. And um we
did try to break this SMC weekly here.
Look, we tried to break it here and got
rejected. Got rejected again. It's quite
similar to this the Salana chart, right?
But from my experience, I don't know.
it. You don't normally get these pumps
like this and and you just come down and
retrace the entire move down here and we
have these green bottoming candles.
We're nearly at the end of the bare
market.
>> Uh
>> yeah. Yeah. Yeah. So yeah, for me it's a
DCA. If we hadn't have had a buy on
Salana and BTC and we hadn't had these
kind of moves, it would be an easy just
relax for me and just wait for the
market to come down. But it's uh yeah,
hope is not a strategy and I just use
the data and the tools. They've served
me well. We'll see in in five t months
whether this this was the bottoming
area. We we'll see.
>> Well, I got to tell you, you're right
along you're right in line with
everybody that's been on so far as far
as like deploying a little bit, not
going a little bit too crazy, but
>> yeah, there's a couple things. First of
all, you're again trader and you have
this mentality. My friend Jimmy here
says Salana had a rear set set of
circumstance with the FTX crash.
Incredible amount of FUD, much stronger
now. And he's talking about of course
one down went to $9. Now you got a 23
which is a steal. I think anybody would
love to do that. But then we have the
mentality which is what is dog ass and
what is not dog ass. But you
>> excuse me being a trader don't really
care. Correct.
>> Uh with regards to trying to get the
bottom
>> right.
>> Oh no no no no no. My my strategy is to
try and I actually try to time the
market using data and tools. 100%. I
tried to turn the market because let
let's think about this, right? If my top
target for next cycle is
200k, 80 180k, the top target's going to
change depending on where we bottom. I
thought we were going to bottom between
around 52k or lower. If we bought him on
a 50% correction, then maybe you could
argue the the higher targets higher. But
we're talking about such small gains now
that the the the resistance for BTC if
it's at 180 200k, you know, it's like
80k 2x is 160k.
A lot of retail aren't going to be
interested. And I mean, maybe that's why
we see a lot of interest in altcoins. I
don't know. But yeah, definitely in the
game of time in the market. Let me show
you glass node as well because this is
the first time in history. If this isn't
if we aren't going lower, this is
phenomenal because this is the first
time in history that we have not seen um
the glass node bottom. Let me show you.
>> Sure. And then as you're pulling that
up, I just want to remind everybody if
this resonates with you and just so you
know, Wes again, trader, Wes, use some
leverage, I'm gonna guess every so
often.
>> Yeah. Yeah. Yeah.
>> Yeah. Yeah. So, if you want to do that
stuff, which is great, and what Wes
does, it's not just the SMC bot, it's
also the macro, taking a look at the
news and also use a little bit of TA you
pull all together. There's a link in the
description. I've got Wes for his ex
account, also Wes for this YouTube
YouTube channel. So, check that out, you
know, after this and give him a follow.
But, uh, let's take a look here. What
does Wes got for us? Let me remove my
stuff. And then there you go.
>> Okay. So, this is the uh CBD, which is
probably one of the one of my favorite
charts if you're looking at BTC history.
And every time it's come down to this
orange line, uh you can see here it's
kind of marked the bottom um back in
2019 again, we had another pullback
here, pretty much came down to the
orange line, marked the bottom. Uh we
can see back here 2022 pretty much mark
the bottom. And this is kind of where I
was looking at for a retracement, this
bare market. And for now, look, it's
still possible that we come down to this
level. It's currently sitting around
47K. For now,
for now, it doesn't look like we're
going to do we're going to do that. But
I mean, to ask Bitcoin to come from 80K
to 47K in such a short amount of time,
you know, anything's on the cards, but I
just can't see it happening this this
far into the bare market with some of
the stuff I'm seeing on chain as well.
And it's the same across the board um
with a lot of this this glass node data.
Um, let me show you
uh let me show you the other chart as
well. Just jump back to
last one.
>> Yeah,
I I I think I think we have to be open
to that. Um, I think we have to be open
to that. Let me share this one as well.
Um I think yeah, it's always everything
I've learned is, you know, don't lean
into this time's different until it's
different. And and I tried to value uh
that experience from from like longtime
traders and longtime investors. I've
been in the game six years. So I try to
I can't know everything. I don't know
everything. I'm going to make mistakes.
And I try to value their knowledge. And
you know, they say stick to stick to
stick to the story until it changes. Um
but yeah,
>> it does look I'm just gonna say it does
very it looks like this time is going to
be different. Uh this is the NUPL.
>> Um we came down into the red bottom of
the market. Uh you know green top, red
bottom, green top, red bottom. This also
helped us take some profits this cycle.
We used this along with
>> uh you know a lot of the other charts we
were looking at. A lot of the other data
the yellow SMC topping candles were
topping around actually in fact it
topped around these green peaks here.
same same row. We had a lot of
confluence. It was getting a bit frothy
and then we came into the orange and the
next phase is usually red. Uh but now
we're creeping back into the yellow. And
can you see also Rob on this chart? I
haven't seen anyone really talk about
this, but I saw this the other day. Uh
higher low, higher low, higher low.
>> I have not I would not look at that, but
yes,
>> lower high, lower high, lower high. So
it almost looks like a penant. Uh if you
were to draw a trend line on these, it
looks like one gigantic penant that if
this is the new lower high, this is
consolidating into a triangle penant
shape,
>> which you would expect is going to break
out either to the upside or downside.
That's just my speculation, but this
this can't really go on forever. Um
unless the gains unless it kind of
fizzles out and becomes stable, it has
to break out at some point or another.
So look for the bulls out there maybe
this is the cycle where we break to the
upside right this if we have a 50%
correction for the first time was just
over 50%. And the the charts are kind of
forming into this penant. Hey maybe
there is a new a new upside breakout for
BTC um and crypto. We've also seen the
first bare market where we've seen
altcoins pushing into 50 billion market
cap. So you know there are signs here.
There's signs on both sides. One thing I
will say is the smart money are shorting
the market like crazy and it's rare for
them to get it wrong. They've been right
for for as long as I've been tracing
them on chain. They've been right and
they're there is shorting like crazy. A
brais are like $500
u million uh 500 million short at the
moment on BTC E and some other assets.
Um so yeah, that's confusing. I don't
know what that the angle is there.
The angle is as always, and you talked
about this in one of your videos, it's
about liquidating shorts, liquidating
longs, and being manipulation and just
getting it.
>> Yeah.$10 billion in liquidations, and I
didn't see one tweet about anyone saying
they got liquidated.
>> Every everyone won. Everyone won.
>> Yeah, I'm a winner. I timed it
perfectly. Here's my price prediction.
That is the 30th one, even though the
other 29 were dog
>> s anyhow.
>> Yeah. So Wes, I don't want to take too
much of time. I got and then we got our
next guest. But the but first of all,
if you guys like what Wes is talking
about, check out his ex, check out his
YouTube channel. And then especially if
you're look looking to do a little bit
of dabbling into the trading market, Wes
would uh is a is a good one to to
definitely follow. What's otherwise?
>> Yeah. So I was going to say for now um I
have started to buy old coins again. um
especially after what we saw with Zcash
and and Hyperlquid. I do think altcoins
are going to do very well this cycle.
One of the main narratives I'm
interested in is Robin Hood. Um so the
Robin Hood,
>> right?
>> I don't know if you've seen Pawns. Have
you seen Pawns is going absolutely crazy
right now. I think it's like f just
broken through 500 million market cap.
Uh getting listed to Robin Hood. Um I
might be able to share it actually. Have
you got my if you go on my Twitter?
Um, if you go on my Twitter page.
>> Yeah. And then scroll down. I think I
posted my top five um memes that I'm
interested in.
>> There you go. Uh, Pawns Index, Cash Cat,
Baby Cash Cat. So, Ponz is basically the
pump fund. So, obviously, um, Robin Hood
chain just launched. We're probably
going to see loads of innovative new
projects. And, um, Pawns is the pump
fund of Robin Hood chain. Okay. So, it's
a no-brainer. It didn't have a pump
fund. We know there's a lot of interest
in PE in launchpads and and meme coins.
And uh yeah, the that was a no-brainer
for me. Doing huge huge volume, huge uh
uh revenue. I think I think the other
day they done a million dollars in
revenue and they're also putting 80% of
their revenue into buying back ponds,
which is why it it kind of becomes a
Ponzi, right? they just they keep buying
back the token, buying back similar to
Hyperliquid. Um the thing the thing I
like about it was like an organic launch
um as opposed to uh you know some of
these VC projects that have a lot of
VCs. So it's it was really organic.
>> Cash Cat so far is the number one meme
on Robin Hood chain. Makes sense to me.
We got into Pepe in the bare market last
cycle. I think it's going to be the Pepe
of this cycle. So I'm in Cash. It's a
meme coin guys. It has no utility. If
you're going to put money into a
memecoin, know exactly what you're
doing. It's high risk. You can lose all
your money. Uh, and then Baby Cash Cat,
I'm in, which is the the smaller version
of Cash Cat. It's the baby version. And
Baby Doge went to a billion market cap
last cycle. So, I'm in that again with a
DJ bag. I did speak to the team for
donation. I spoke to the Baby Cash Cat
team and they're happy to donate $2,000.
Um, so they're going to donate $2,000.
um from Baby Cash Cat.
>> Ah, that's fantastic. That's fantastic.
>> I already donated, but I'll also uh I'll
match their donation as well, so I'll
put in $2,000. Um
>> Excellent.
>> Excellent. So, that is a lot of good
alpha and you know what I mean, we got
to get out of here. I'm sorry, Wes. I'm
taking some of your time, but
>> I waffled up. Yeah, we got so so we're
talking about memecoins like it's the
bull run of 2025 and now here we are
just looking at those percentage wise
and then also everybody uh just like Wes
has done if uh now Wes is a baller so I
don't expect thousands tens of thousands
of dollars but uh if you are watching
and you like what you see and like to
donate 20 to 40 bucks we get everybody
to that we hit our 200k goal I would be
much appreciated there's a link in the
description for Wes there's a link in
the description for ADLA and you
donate in crypto. You can donate PayPal,
Venmo, Aayasha,
uh even pay by check for Pete's sex, I
don't care. And there's all these
different Bitcoin, Ethereum, BNB, and so
on and so forth. So, Wes, that is it for
today. I don't want to take uh all this
time up. You got money to be making. So,
I appreciate you coming by again.
>> Thanks for having us on, Rob. And uh
yeah, big shouts to what you're doing,
man. Really, really good work. And let's
try and hit that 200k target. I I'll
I'll try to round up my guys as well and
see if we can get them to donate today.
>> I love it. I love it. All right,
everybody. See you, Wes. Let's get out
of here.
>> So, Wes, again, thank you. I'm going to
take a little bit of break. I got Nick
from Coin Bureau waiting in the wings.
I'll be there in one second. Let me mute
myself so I'm not cussing like last
time.