Bitcoin Be Very Careful Here

Estimated read time: 1:20

Summary

In this video, Lark Davis discusses the current Bitcoin market landscape and highlights key developments that could impact its future. He talks about potential bullish momentum for Bitcoin, significant institutional investments, and the importance of monitoring macroeconomic conditions. He also touches on Ethereum's upcoming upgrades and the influence of meme coins in the current crypto landscape. The overarching sentiment is one of cautious optimism with an acknowledgment of the risks involved.

Highlights

Bitcoin faces strong resistance at $95,000, despite bullish indicators. 🤔
Arizona's potential approval of a Bitcoin reserve could open doors for wider state-level adoption. 🏴
Brazil's major bank invests heavily in Bitcoin, showing institutional support in the country. 💰
Ethereum's future looks promising with significant network upgrades planned. 🔧
The unpredictable nature of meme coins continues to stir excitement in the crypto market. 🎉

Key Takeaways

Bitcoin is in a critical position, with resistance at $95,000. 🚀
Arizona is leading in Bitcoin adoption, potentially inspiring other states. 🏛️
Brazil is making strides in Bitcoin adoption with institutional investments. 🇧🇷
Ethereum is expected to see significant upgrades, potentially boosting its market position. 💪
The market is rife with both potentially lucrative and dubious meme coins. 🤑

Overview

Bitcoin is currently in a thrilling phase, with the market watching closely as it nears a key resistance level of $95,000. Lark Davis highlights the excitement brewing among traders, mixed with cautious optimism due to high macroeconomic uncertainties. As some states like Arizona consider significant Bitcoin-related legislation, the potential for widespread adoption grows, adding to the bullish sentiment.

In Brazil, the Bitcoin movement is gaining momentum as institutions like Italau Unibanco invest substantial amounts into the cryptocurrency, reinforcing the country's standout position in Bitcoin adoption. Meanwhile, any changes in the Ethereum network, anticipated through several significant upgrades, could further ignite interest and potentially push its value higher.

The video also explores the energetic meme coin market, where coins rise and fall rapidly, reflecting the volatile and speculative nature of the crypto economy. Lark's discussion is marked by both his enthusiasm and caution, emphasizing the need for strategic thinking amidst the market's capriciousness.

Chapters

00:00 - 03:00: Introduction and Market Overview In the chapter titled 'Introduction and Market Overview,' the speaker starts by addressing Bitcoin holders with a warning to be cautious, implying that significant market changes are imminent. The tone is one of excitement and anticipation as the speaker promises to share a substantial amount of positive information regarding Bitcoin, including charts and news that suggest favorable developments. However, there is an acknowledgment of underlying concerns, as the speaker points out some disturbing issues beneath the surface. Despite the excitement over bullish prospects, there is a notable degree of fear, particularly concerning economic conditions.
03:00 - 05:00: Arizona's Bitcoin Reserve Approval The chapter titled 'Arizona's Bitcoin Reserve Approval' features a discussion primarily revolving around various cryptocurrency charts, including altcoins and Ethereum. There's an indication that Ethereum may bring significant changes in the upcoming months, prompting the speakers to reconsider their stance on it. The chapter also mentions an interactive session where audience questions will be addressed. The dialogue includes greetings to viewers, suggesting a live or interactive format.
05:00 - 09:00: Bitcoin and Ethereum Analysis Arizona makes history with the approval of the first ever US Bitcoin reserve, pending the governor's signature. If signed, this move signifies a major development for Bitcoin, potentially attracting billions more in investments as Arizona leads as the first state to adopt such a measure.
09:00 - 13:50: Market News and Bitcoin ETF Inflows The chapter discusses the possibility of more states adding pressure to the buy and hold market, potentially increasing by 10 to 20 billion dollars. Additionally, it covers the news of Brazil's largest bank, Italau Unibanco, investing $210 million in Bitcoin and launching a strategic initiative called Orange to hold Bitcoin.
13:50 - 20:00: Trading Strategies and Exchange Recommendations The chapter discusses Brazil's pivotal role in global Bitcoin adoption. It highlights that Brazil is the second country to offer Bitcoin spot ETFs, reflecting its advanced institutional acceptance of cryptocurrency. Additionally, Brazil has enacted comprehensive Bitcoin regulations, influencing how Bitcoin can be spent in the country. The chapter also mentions the integration of Bitcoin with major Brazilian apps, such as a ride-sharing app, although the name of the app is not recalled.
20:00 - 31:00: Technical Analysis and Predictions The chapter titled 'Technical Analysis and Predictions' discusses a new service akin to Uber that includes a Bitcoin wallet, allowing users to spend Bitcoin. There's a focus on the current price of Bitcoin, described with enthusiasm and emphasizing its volatile and potentially pivotal status in the 'make or break zone.' The chapter concludes by noting a shift in focus to a chart indicating a critical price point of $95,000.
31:00 - 43:00: Ethereum and Chainlink Discussion In this chapter, the discussion focuses on the Ethereum and Chainlink market trends. The dialogue highlights the market's recurring attempts (eight consecutive days) to close above the $95,000 mark but faces repeated rejections. There's optimism expressed about eventually surpassing this barrier, metaphorically described as going 'to the moon'. Additionally, the chapter notes the market being above the bull market support band, despite speculative discussions on a possible retest back to $890,000.
43:00 - 55:00: Market Speculation and Investor Sentiment The chapter discusses market speculation and investor sentiment, particularly focusing on Bitcoin. The speaker comments on the current market trends, stating that a little turbulence is expected even though the market looks healthy. They criticize the excessive bullish propaganda surrounding Bitcoin but acknowledge the positive trends shown on the weekly chart. The chapter highlights the importance of being cautious amidst bullish sentiments while recognizing the significant bounce off the 50-week exponential moving average (EMA) and weekly Moving Average Convergence Divergence (MACD) indicators.
55:00 - 67:00: Cryptocurrencies and Trading Tips In this chapter titled 'Cryptocurrencies and Trading Tips,' the speaker discusses the current state of Bitcoin, indicating that it is at a resistance level. They highlight the presence of negative macroeconomic news but maintain a bullish outlook despite the apparent contradictions. The speaker emphasizes the importance of embracing the current market conditions. They also share their struggles with creating relevant video titles, mentioning the challenges of producing multiple videos weekly and the pressure to make engaging content.

Bitcoin Be Very Careful Here Transcription

00:00 - 00:30 let's get ready to rumble bitcoin holders be very careful here it feels like it's coming any day now very exciting things are happening the amount of bullish propaganda I have for you in this video is intense the charts the news everything's lining up then under the surface what do we got some real [ __ ] going on man fear remains high especially for the economy for the
00:30 - 01:00 macro we got that to talk about we got some altcoin charts apparently Ethereum is not dead we got some big news on that for you here too i guess we're going to have to stop beating that dead horse soon and stop kicking Ethereum in the balls except that's probably going to do something in the next few months fantastic we got that chart for you too guys your questions second half of the stream we got to get straight into this chris Larry Coin Cat Nocturnal Medic Sue Gstack Creaker Monster GTA Sick Eat My Guns what is up everybody great to see you guys here today for this
01:00 - 01:30 conversation first big news arizona makes history arizona state approves first ever US Bitcoin reserve still has to be signed by the governor from what I know so I guess there's a chance that the government come out and go "Oh screw this Bitcoin thing." Hopefully not hopefully uh you know Arizona is switched on enough to actually make that happen i mean look big damn deal billions billions right here this specifically could see billions more come into Bitcoin first state now look
01:30 - 02:00 obviously not all states are going to some states already kind of shot this down but could see a few more states actually add this and that's another what 10 15 20 billion dollars in buy and hold pressure just saying guys just saying you know it's pretty big pretty big deal fantastic news we also got this Italau Unibanco Brazil's largest bank invests $210 million in bitcoins it launches Orange I guess that's orange to uh hold Bitcoin as strategic
02:00 - 02:30 reserve brazil man you know shout shout out to Brazil man bomb Dia guys because holy [ __ ] Brazil has been just quietly right at the forefront of global Bitcoin adoption at an institutional level they're the second country to have Bitcoin spot ETFs okay they passed sweeping laws in terms of Bitcoin regulation how you can spend Bitcoin some of the big apps in Brazil like there I can't remember the name of this there's a car app car ride share app um
02:30 - 03:00 that lets you uh have a Bitcoin wallet it's kind of like an Uber but like it has a Bitcoin wallet attached to it you can spend Bitcoin like man Brazil for the win i love it price of Bitcoin right now hoo buddy buddy buddy we are just This is the weekly chart here by the way in case otherwise looks kind of goofy this is the weekly chart man we are cooking with gas here on this thing look at this this is absolutely crazy we are just in this like make or break zone right here look at this $95,000 i'm going to switch over to the
03:00 - 03:30 dailies and just see how crazy we're going to come back to the weekly in a second though look at that one one two three four five six seven eight eight days now of attempting to get back over this line right here $95,000 we just keep getting rejected for daily closes significantly above $95,000 one of these days we will not be rejected and we will go to the effing moon we are above the bull market support band here too again again I know I keep saying it a retest back down here of about $890,000 would not surprise me would
03:30 - 04:00 even be healthy in my opinion let's see how it plays out though pretty good looking chart so far i do expect there will be a little bit of turbulence it just hasn't happened yet too much bullish too much bullish propaganda going on here okay that's straight up the weekly chart on Bitcoin though beautiful i mean beautiful look at the look at that just incredible bounce off of the 50we EMA weekly MACD i mean come the f on guys look at
04:00 - 04:30 that once it is once it is over this is not clickbait we are talking about this very thing i don't know how to make titles apparently again be very careful here we're at resistance for Bitcoin we have negative macro news i'm bullish as [ __ ] it's contradictory but it is what it is man embrace it okay embrace it quit complaining about titles of videos i got to make 14 videos a week it's hard to come up with titles guys i hope they're relevant anyway besides the point um if there's ever going to be a time
04:30 - 05:00 for a rejection of some variety back down to these key levels it's here at 95K you can see what a key level 95K was that was the mid range on our range for a long time yes Fartcoin to the moon thanks Wendy we all love Fartcoin around here it's fantastic new paradigm money anyway MACD weekly starting to
05:00 - 05:30 curve up has not confirmed a bullish crossover yet you need to be super aware of that fact when we confirm a bullish crossover that's even more bullish until then we have a meant to move in the right direction but not confirmed yet okay so interesting again a lot of interesting factors building up here that have me pretty bullish overall but there's still that little bit of caution in the back of the brain we have not confirmed the bullish weekly MACD crossover yet we have not broken 95K yet we still have all this macro scary stuff and I always people saying like oh this is just like the 2019 fake out so let's
05:30 - 06:00 look at that 2019 fake out and say how it's kind of not different how sorry how it's very different I mean from where we are currently so you can see this is the 200 week all the way down here we didn't actually lost the 200 week yet this was very much just a bounce back very briefly over the super trend and the 20 and 50day EMAs okay so we did have that MACD bullish crossover which only lasted for two weeks before rolling back over so you can see a little bit of similarity
06:00 - 06:30 there but I think this is a very very different situation for a couple key reasons first just bring it back up here we have a lot stronger turnup here on the EMAs the 50 EMA the uh sorry it's the 20 here the 20we EMA the 50we EMA they're trending up much stronger right now in a way that it wasn't back then so that's one of the biggest things strongly back over the super trend way back over the EMAs here i mean looks
06:30 - 07:00 very different to me personally still risks though still risks in the market okay is the Pectra upgrade big enough to make Ethereum big again no I don't think PRA is significant enough but what we do have to talk about today could be okay bitcoin ETF inflows almost $600 million yesterday wall streets gobbling man gobbling up they don't want to go to gobbling town they want to go to gobble that [ __ ] up and put it in their wallets
07:00 - 07:30 man black Rockck in particular look at that look at that man oh Arc arc's going to sell 200 million Bitcoin black Rockck says "Fuck that i'm buying a billion billion bucks today." A billy a billy look at that $970 million oh it's $30 million shorts it's not It's a billion dollars to deal with it okay anyway crazy [ __ ] man we got some great bullish propaganda charts here for you macrochain this alpha extract macrochain index fired a long signal the first buy signal since 2022 when it successfully went long at the absolute bottom
07:30 - 08:00 considering the fundamentals align the market structure is gradually following this is a significant call very interesting very interesting spy yes I do have some thoughts on chain link we'll share that in a few minutes we got all coin charts coming up so stick around decode jar cyclical tops on Bitcoin form around the midpoint of the business cycle the end of the green solid area here here here okay after liquidity uh
08:00 - 08:30 ROC has peaked blue we've got a long way to go we may have some [ __ ] go down there's always [ __ ] going down in markets life's constant chaos was talking to my wife about this earlier life's constant chaos there's always [ __ ] going on there's always drama there's always chaos in the world markets are chaos markets are a pure unmititigated financial chaos a financial representation of the chaos of the world every second of the day and
08:30 - 09:00 then there's Fartcoin just going up all the time but anyway the rest of it's chaos um this is an interesting chart because realistically um we are right at the bottom of the business cycle right now this dude says "Crypto influencers flipping bullish bearish on the daily bitcoin prices nothing for months on end." I mean I've kept a pretty consistent bias personally that this has been all been a growth scare and that we
09:00 - 09:30 were going to bounce higher we've bounced higher currently we went from 74 to $95,000 i guess if you consider that to be nothing do you even feel anything my brother i worry for you we just went up $20,000 in price that's nothing is that nothing to you need your head check buddy that's a lot of money man that's $20,000 gain in Bitcoin how's that anyway
09:30 - 10:00 continuing jokes jokes jokes anyway a perfect Bitcoin disbelief stage a prolonged period of negative funding exactly what I wanted to see with the exact same sentiment from a similar people who think we go lower again just like in October 24 this from Jackis shout out to Jackis follow him he's a great account to follow interesting interesting it's always darkest before the dawn and you either die the hero you live to see yourself become the villain batman man batman okay so guys if you're trading crypto coins okay I know you guys are trading crypto coins okay you want a great exchange to do that an
10:00 - 10:30 exchange that you can use where you live an exchange that meets you where you are Bit Unix man I'm doing most of my trading over here uh last six months I've been basically 90% of my trading has been on Bit Unix to be honest and uh I love it it's great it's good it's a good time and you can get some pretty sweet deals so anyone anywhere can use Bit Unix no KYC there's no VPN all you have to do is click the link sign up you get 10 bucks as as a sort of just welcoming bonus hey welcome to Bit Unix here's 10 bucks $400 in deposit bonus you deposit two grand you get 400 bucks back and up to $500 in trading bonuses
10:30 - 11:00 they got all the big coins you want to trade Bitcoin XRP Salana any of that kind of stuff bada bing bada boom uh they got it all for you and plus deep liquidity all the meme coins list over there super soon so check it out link down below lark do you make more money from investing and trading or from YouTube it's an interesting question youtube in particular it's one of in terms of like the I got a lot of things right we got we courses we sell we've got our our newsletter a Discord uh X makes ad
11:00 - 11:30 revenue we have sponsorship deals um all that kind of stuff but the newsletter the courses the sponsorship deals the affiliate marketing all that kind of stuff more money gets made from investing in the cryptocurrency market all the rest of the stuff it's great to have cash income right from affiliate marketing and YouTube ad revenue and all that stuff it's not insignificant by any means but um it's not the number one earner by uh by long shot so um do I
11:30 - 12:00 make money from investing in trading every day no of course not it's investing in trading it's kind of not how the game works so a lot of money gets made in a very short amount of time uh every so often with investing that you spend six months eating [ __ ] and investing anyway that's how that's how it goes in the investing world you know such are things okay anyway Eric Crown with a great chart here saying "Sell and may and walk away decide for yourself."
12:00 - 12:30 It's actually pretty interesting to see the times when sell and walk away worked pretty well seven out of 14 led a downside three out of four cycle bull traps fascinating [ __ ] that's very interesting you know we talk about the selling go half the time markets have crashed like crazy other half the time they've not there you go wendy says "Lark how high do you think Sooie could go this
12:30 - 13:00 cycle?" Ah it depends on so many factors Wendy if we get $250,000 Bitcoin I would not be surprised to see Suie go to like 4050 bucks personally um I haven't charted that specifically to really think about it in depth but that's just kind of a you know back of the napkin prediction there for you so yeah wouldn't be surprised but that requires a very specific set of circumstances to happen a very strong riskon environment where Bitcoin goes to 250K altcoins go absolutely bonkers we
13:00 - 13:30 get a 10 trillion market cap but whatever i could see that okay uh I shared this highly scientific poll over on X earlier we're either on the edge of a disaster bigger than 2008 or the biggest effing bull run ever there's no in between uh 75% of people are saying biggest bull run ever so it means almost certainly we are going to a great depression you should pack it up now and I don't know buy lots of toilet paper everybody le seems to love love to buy toilet paper when when um crisis happens like you guys know you can just
13:30 - 14:00 take a shower afterwards right it's also possible you don't need every time there's like some you know chaotic situation just like was America too man it's like America we're just like fighting over like toilet paper and anyway stock up on your toilet paper guys we think that we're heading towards a 2008 situation here uh the container crisis is real the container boat crisis The numbers are down like shockingly we're going to do a video deep diving on that exact topic here in the next few days for you guys there is definitely
14:00 - 14:30 some highly concerning things happening economically but [ __ ] it biggest bull run ever let's go let's go guys screw the doomer [ __ ] uh Za Stock said "Could this be a bare market rally?" Yes a bare market's goal is to suck you in and make you believe the worst is over just before it delivers you another painful egg lower true could this also be the start of another uptrend yes every new uptrend starts with a new rally it looks just like this the difference only is clear in hindsight early stages of new uptrends often climb a wall of worry fueled by skepticism and disbelief that's exactly what's happening right
14:30 - 15:00 now as I always say about markets bull runs climb the wall of worry bare markets walk down the stairs of worry market crashes jump off the cliff of worry okay it's all worry all the time life's constant chaos adapt uh Za Stock was saying "The key is risk management staying open to both possibilities without being stuck on one outcome be nimble." Amen to that just good advice in general markets china officials the tariff wars launched by the US if the US wants a resolution it should stop making threats us seek dialogue with China on
15:00 - 15:30 tariffs this is still the key driver in markets right now we need to see good resolution to this in the notsodistant future okay Alice group we have a long post here but I want to read it because I think it's pretty good us economy is in very stages of a severe deceleration potential recession this will start to matter in June and start to show up in economic data published in July which is why M2 pumping man we may see sell in June and get the [ __ ] out holy [ __ ] potentially uh this will start to matter in June start to show up in economic data published in July things get spooky
15:30 - 16:00 by Q3 Q4 trump cannon will avert some of this how much that's everyone's guess however this is not relevant for markets in the short term what matters now is not the economy but further deescalation earnings guidance from Wednesday onwards starting Caterpillar followed by tech stocks don't think payrolls next Friday matter all that much for the moment given it backward-looking nature the FOMC next week will much more important as PAL may start to show a willingness to cut earlier short-term base case scenario remains higher risk in light of continued tariff deescalation and no major negative earnings surprises coupled with further implied um
16:00 - 16:30 volatility compression albeit with large swings in both ways so I've been risking lightly around here after getting uh long from the Trump announced 90-day tariff pause as a simple matter risk reward referred expression upside risk means Bitcoin granted he's biased but things start to trade as risk gold hybrid therefore it may provide a very rare tails I win heads I win as well risk profile midterm don't know if H2 will be a raging bull market or a crash and burn 2008 style market there it is again both ironically possible we have to see in what direction how aggressively Trump decides to swing and
16:30 - 17:00 what other measures he pushes through eg tax cuts base case scenario somewhat in the middle interesting we're not here with the rest of it i think the key key points sum up some of the macro happening here for you right now recd me saying next 6 12 months most asymmetric period in history be extremely locked in in crypto let's go let's go we're seeing for example a lot of things popping off pretty good right now the virtuals eos by the way guys we're sharing all kinds of setups all the time altcoin deep dives meme coins we had a when did we
17:00 - 17:30 get that about a 10x memecoin return this week so lots of great setups TA setups all kind of stuff being shared over in the Discord link down below if you want to get signed up to that uh ICO beast insane chart off the lows for a bunch of virtual ecosystem agents very cool virtuals itself had a beautiful rally look at that this is on the weekly chart as well you can see the uh weekly MACD curving up nearing a bullish cross no confirmation yet obviously right now at an area of key uh
17:30 - 18:00 resistance interesting you can see a daily here getting a bit overextended to be honest bit overbought here on the daily some coins are starting to look like this which again kind of adds a bit of fuel to my thesis that man we are do a decent little pullback at some point you know just just based on how fast and how violently everything's moved in the past few days regardless though charts still looking pretty hot at the moment good strong bullish cross over
18:00 - 18:30 the 2050day EMA here on virtuals nice bounce has been been completely unforgiving chart just relentlessly smashed up we were talking about this one a bit yesterday and now of course we're over this uh line of resistance right here but look at that price currently if you take this this little area right here major area of resistance back here today's price topped out just there you know a pullback to like a buck would not be surprising to be honest we got good news for
18:30 - 19:00 Ethereum we got good news for Ethereum surprisingly and honestly I'm kind of sad about it i've been having so much fun kicking Ethan the balls it's almost kind like a hobby of mine just oh what's what's going on ah it's trash on Eth more more fun trash on ETH when I still had ETH bags to be honest and people like I can't believe you sold her ETH bags like honestly there's so many higher return things I can put money into but that's a different story for a different day i
19:00 - 19:30 still like ETH i just want to be super clear i like ETH these guys have done an incredible amount for the industry vitalic himself has done an intense amount for our industry you know it's fine i get it if he wants to smash his way through Asia fine fine Vitalic you've earned that but at some point you got to do this [ __ ] right here which is this the uh Fusaka upgrade this is potentially gamechanging petra's exciting but not a gamecher um the Fusaka upgrade could
19:30 - 20:00 actually be a major overhaul to the relatively broken Ethereum main chain maybe it's enough of a narrative and if they actually can push it out by the end of the year let's see i mean the ETH Foundation devs have been pretty slow to do [ __ ] usually maybe they're actually finally got enough of fire lit under their asses that they're like "Holy [ __ ] everything's going to flip us we're like number 10 in the market sh market uh cap here soon unless we start doing something." This could be a game changer for Ethereum and I'm all about I'm
20:00 - 20:30 excited about it if ETH wins we all win you have to remember that and as fun as it is to make fun of Ethereum sometimes reality is again I love ETH and I want it to win and because when ETH wins we all win okay like any coin particularly but I think uh yeah this could be really big guys uh we're going to do a full video breaking this down for you in the next few days so keep an eye out for it it's major upgrade and I think it deserves some actual attention as to uh uh why that could be really bullish for Ethereum if
20:30 - 21:00 they can pull it off so they've been listening guys they've been listening they've been listening okay ethereum chart actually looking h halfway decent right now now again I would maybe it's one of those deals where it just gets close enough is good enough came down to 1750 yesterday i would really like to see like a good solid fat retest either on this 20-day EMA or maybe even this uptrend line so that's going to be like 1,700 bucks let's say something like that about if we break out the 50-day EMA at 1850 that sets us up for probably
21:00 - 21:30 a good move so if you're looking to long Ethereum and I'll do a video probably breaking this down a bit more for you guys specifically as like a a trade update video tomorrow but um either a retest here or a breakout here and that's a long signal either way so long the retest the 20-day EMA or long the breakout of the 50-day EMA target is much higher target's 2500 bucks i say is probably a first major target to go to oh you might be more conservative just want to go 2100 which is like honestly one of the most important lines on the Ethereum chart by
21:30 - 22:00 far so maybe that's a better line to go to but go for gold man 2500 bucks let's do it the super trend indicator has flashed a buy signal on chain link daily chart signal potential shift of momentum for link it's weekly chart weekly chart's actually looking pretty interesting too look at that much like a lot of other coins MACD curling up for a potential weekly bullish crossover last time that happened was late October what happened from there it went from 10 bucks to what was it 30 bucks or whatever good run
22:00 - 22:30 200% okay 200% on that run nice stuff um right now we're coming up to the 50 and 20 week EMAs here on Chain Link that's around 16 bucks let's say you get a a weekly candle close at 16 bucks that's probably a major major reversal confirmation coming in okay let's put the daily on here give you a bit of a different view of this daily looking super solid as well we got a 2050day EMA crossover coming up we just had the retest yesterday that's
22:30 - 23:00 actually beautiful um I didn't catch that wasn't paying enough attention to a lot going on this week the team is in um uh town this week for token 2049 we got all kinds of stuff going on so I haven't been as locked in on the charts as I should be but be beautiful chart here for chain link epic retest yesterday came right back down 1425 retested the 50day EMA bouncing higher from that target would be 16 bucks here at the 200day EMA see how that plays out okay
23:00 - 23:30 let's talk cryptocoin guys that's all the stuff a bit too much got I got to keep it down to 15 minutes lark get your red hat lights out guys hydrate gas fees are like two bucks right now quit crying and buy uh ETH plays and memes are quality salana plays are scams full of jeets a lot of the
23:30 - 24:00 stuff on Pumped Up Fun has been an absolute travesty to this space overall to be honest um but that doesn't mean that there hasn't been a lot of [ __ ] money made on stuff like Popcat and Dog of Hat and all that sort of stuff and let's not pretend like there hasn't been a gargantuan amount of scamming on ETH the only reason gas fees are $2 right now on Ethereum is because everybody's stopped using Ethereum because there's not anything compelling on there to do or buy oh there's some DeFi and like I do some DeFi like I've got you know DeFi loans with Maker Dow or whatever on Ethereum main chain
24:00 - 24:30 sure but for the most part Ethereum hasn't offered anything super compelling this cycle okay Matthew says "Piff is better than Link lower market cap more upside." I guess for an oracle play PIF is interesting right i think you start to get this blue chip status for something like Chain Link and it's Look it's got incredible partnerships it's deep is deep in man chain link's a beast it's deep in but Pith is an oracle service i'm sure it's very competitive i haven't
24:30 - 25:00 looked at like the technical details but um I know it's getting widescale adoption so I wouldn't be surprised to see it being a good competitive oracle play um as a straight Oracle play I'm not interested in either Chain Link or Pith uh the reason I own Chain Link was for CCIP which is a very slow burn uh I've actually been thinking about getting a wormhole position as a sort of CCIP competitor interoperability play i mean they partnered up with like you know Black Rocks Bidd and stuff like that so might be something there haven't done that yet i'll keep you guys up to date
25:00 - 25:30 though l you think TA works because TA works because everyone believes it works and does the same thing at the same signal um to an extent I think card Cardano is technical analysis becomes a just representation of how people act in marks right market how they act in markets with uh it's funny though I was actually thinking this because the stock markets came down and hit the 200 day moving average I just imagine like Scott
25:30 - 26:00 Bent the Treasury Secretary sitting in the office like Donald we're at the 200 day you got to tweet something positive we got to bounce this back maybe probably didn't happen like that it' be hilarious if it did um look the the patterns that play out in markets and it's very interesting to see how it all works but is largely representation of human fear and greed and expectations and all this stuff in the market i think that's largely why it works let's look at the AI 16 Zed chart let's go this
26:00 - 26:30 thing's been pumping recently i'm glad that I switched all my Zerbra uh into this and they might say "But Lark didn't Zerbro go up more than AI6Z?" Yes but let me just share a a quick story about this because I don't know what happened to Zerbro i haven't kept up with it since I sold it a few weeks ago but god damn am I happy that I sold that thing obviously it's put in more gains over the past few days but I don't care [ __ ] sometimes you just got to look at stuff and go "What the f is going on?" I don't
26:30 - 27:00 know maybe they've sold the X account to Kanye West i don't know man but it's all just like it's either that's happened or they've decided to have their AI clone Kanye West's tweets it's all just nword this n-word that you know f this b and uh with my d and um you know certain religions have taken over the world and you know some Kanye [ __ ]
27:00 - 27:30 right [ __ ] that noise i'm so glad I'm out of Zerbra that's just not my vibe at all okay AI6Z yeah Shaw's the key dev behind AI6Z's a bit of a dumbass sometimes but you know what i'll take him man i'll take him over that noise anyway anyway continuing uh much love Shaw you've been doing a lot of great work but man there's been some [ __ ] drama dog let's keep it real anyway AI16 said has been cooking here guys uh going
27:30 - 28:00 up from around 13 cents to around 30 cents over the last week or two fantastic nice move uh we got a 2050day EMA bullish crossover coming up nice to see you know if we get a decent pullback 221 cents that's going to be right around the the 20 and 50day EMA line here approximately plus you can see area of resistance here here and here um could be an interesting area if you're looking to catch a position on that maybe feel a bit sidelined there so there you go okay
28:00 - 28:30 continuing do you think gay um Do you think say gets enough attention to see look at that we're talking about Zebra and Connie i just the crap coming out of my mouth now do you think gets enough attention to make $2 yes fingers crossed okay yes I think so that's that's what I'm hoping for what are you thinking about the Sooie Pokemon
28:30 - 29:00 speculation it's coming man it's coming big announcement in Dubai probably i imagine that we're probably getting a big announcement in Dubai and the Suie base camp this week and those big announcements probably mark a local top for Sooie the Sooie has been a relentlessly strong coin and in sort of uh November December it just ran like crazy and every bearish divergence that formed up it just smashed right through so don't want to bet against sooie but um usually these big sort of conference announcements sort of things we see it happen with Salana Breakpoint we see it
29:00 - 29:30 happen with uh now with Suie base camp potentially where you get the Pokemon news market goes okay great so they bought the rumor they're going to sell the news right and that might give a good entry point uh later this week for anybody looking at the sewing train either that or it just pumps to the famoon and you're sidelined forever one or the other i love hat time with a tasty beverage it's the best time of day man do you think it makes sense to hold
29:30 - 30:00 only to only hold link due to AVAC likely having similar performance being another market cap RWA well Avac taps into more stuff i suppose gaming and yada yada yada it's you know Apple versus Orange but they're in the same basket right i I think I look Dez I'm on board with you man i feel you look realistically I don't see unless there's some like mega news like the United States has decided that chain link is going to be the official oracle provider
30:00 - 30:30 for every data point in the United States and that the CCIP technology is going to be the backbone of the US dollar stable coin okay [ __ ] that thing's going to $10,000 a coin or whatever jesus no one's bullish enough it'll be the number one coin in the world um that probably doesn't happen so continue flood of relatively bullish news good things happening these coins probably have relatively similar performance there'll be moments when like AVAC gets a big bullish catalyst and pumps a bit harder or link gets a
30:30 - 31:00 big bullish catalyst pumps a bit harder but if I was to bet between here and wherever the heck the market cycle top ends up being relatively similar performance would be my guess relatively similar market caps big cap blue chip coins probably going to put in a relatively similar amount of performance and I know the link marines may not like to hear that but that's kind of my general thought on it do you suppose retail return this
31:00 - 31:30 year with key hopefully take Joey i don't think we get quantitative easing um we'll get varieties of quantitative easing you know Treasury general account getting flooded into the market kind of stuff like that uh forms of QE that are not QE an end to QT right so the Fed's gonna stop that um balance sheet tightening qe only comes at a crisis qe comes when we have 0% rates and it's a
31:30 - 32:00 response to some kind of crisis COVID crisis 2008 crisis stuff like that so if you really really really want QE you have to accept that a horrific crisis has to happen first which hey Donald Trump seems to be [ __ ] in the process of working on a crisis isn't he we'll see how that plays out but retail will return retail always come back but I think right now a lot of people are scared because the macro situation and there's enough people here but you really want that flood of people to come in and then then that's when it gets really crazy
32:00 - 32:30 i'm not going bald but I was thinking of a if I want a thinking cap too next merch larks thinking caps i should that'd be hilarious aer drone melt faces i don't doubt it i like Aerod Drrome i'm a fan i'm a fan um yeah I'm sure it will but it's a coin that I've always said I prefer to farm versus buy because there's so much inflation happening with Aer Drrome they
32:30 - 33:00 get dumped on a lot by all the farmers so that kind of also uh restricts the price verality to the upside let's say because every time you get a nice rally you get a lot of people selling into that the four-year lockers man those guys are printing those guys are printing anybody have the balls to lock in for four years probably already made their ROI on that many times over lark which cruise companies you work for i worked for Norwegian Cruise Lines America which I don't even think survived 2008 or maybe they had like one
33:00 - 33:30 ship going still i'm not sure i haven't really kept up with it but uh I worked for Norwegian Cruise Lines from the age of um 18 to about uh 22 just walking down the beach one day in Hawaii broke ass backpacker living in a hostel cleaning rooms for um cleaning rooms for uh in exchange for a bed in the hostel it's good time then one day there's just this stall set up on the beach come work on a cruise ship i was like "That sounds great sign me up let's go free free food
33:30 - 34:00 free place to live and you pay me a bunch of money let's go baby." It was actually a pretty good job at the time i think I was making uh4 to $5,000 a month like take-home uh as like a 19-year-old kid it was great worked for six months 25 30 grand which is like "Oh my gosh this is like all the money in the world." Oneway ticket to Asia boom six months in Asia party party thailand Vietnam let's go boom broke back on the
34:00 - 34:30 cruise ship do it all again it's a good time uh what about uh Brett hakee's asking about Brett let's bring Let's bring up the BRT chart brett I love Brett it's classic man classic classic coin here let's bring the charts up so you guys can have a look see here Brett oh very interesting smashed straight into the 200 day EMA right here very interesting you know a pullback to
34:30 - 35:00 like five cents wouldn't surprise me it's a bit of be a bit of a strong pullback but you have to understand the uh same um forces that drive just measure from the top the same forces that drive these meme coins up so violently will drive them down so violently because they're relatively low liquidity things and so the second people start seeing even a a hint of risk in the market they're going to dump these things 20 30% in a couple days and there will be your entry point so right
35:00 - 35:30 now you can see 30 to 40% dump which could happen over a period of two to three days as soon as market decides it gets frightened about something probably a good entry point there uh if you're looking somewhere around like five cents for example to uh four and a half cents if you get it is probably going to be interesting spot to enter either that or we have a defined break of 7 cents here at the 200 day EMA that's probably another good place to go long but I'd prefer to see a pullback on on this but the way the
35:30 - 36:00 market's been may not be given many pull good pullbacks but I'm waiting i'm patient i've got I don't know 5% of my portfolio whatever sitting in cash some of that's being used to just farm some stuff farming the momentum air drop was mentioned the other day for you guys um but yeah the other 4% of those I guess you know 4% of the portfolio 3% of the portfolio whatever that's in stable coins not farming stuff uh we got some money in Casu Finance some money in Momentum but the rest of the money
36:00 - 36:30 probably going to pull in some meme coins pretty underweight on meme coins right now i've just been playing small memecoin games versus actually like throwing a big chunk of cash into like Pangu or uh Popcat although I've got some orders in we'll see if they get filled they moved so hard i'm not sure they're going to have that dramatic a pullback so I might have to re adjust my um targets a little bit there lark started staking Sonic to farm for the air drop beat Sonic's lag sonic goat getting good rewards as some swapping for rewards any other tips for farming Sonic air dropped I missed ah you know Samuel you're you're in it deep man i I
36:30 - 37:00 just kept it super simple man i took a whole big chunk of Sonic i dumped it into um a uh I borrowed some USDC bought some more Sonic so that's how I'm farming i know it's not the most rewards and all that stuff but I'm paranoid uh I I know I can trust a much you can trust any DeFi protocol so I'm fine putting that much money there uh something like Beats I saw it it looks interesting uh there's a
37:00 - 37:30 couple others too shadow and whatever but I'm just paranoid man so much as DeFi shake attack i'd rather have fewer rewards for less risk so yeah but I mean it seems like you got pretty good strategy to be honest and you're probably going to get some decent rewards so good job uh Anom he's a character over on um uh X talking about Housecoin uh I haven't
37:30 - 38:00 looked at Housecoin man i have no idea uh look reality is dude's making a move you know he's uh he's out there talking about it people are buying it because it's um he's popular character who gets people to pay attention to coins and fair enough so uh I don't know what kind of actual community or distribution of the coin or any of that kind of stuff happens and it's already pumped quite a bit um let me just see here what's the current market cap on Housecoin i mean I don't know is this one of those things
38:00 - 38:30 that literally goes on to billions of dollars cuz just people just keep shilling it and buying it it's always possible what's it at now it got up to um the market cap here hang put that on the screen so you guys can see it market cap i mean can you guess when it started getting shieldled by big accounts on X just take a wild guess here guys when it started getting shield by big accounts over on X anyway I'm from $10 million to $70 million in like a couple days so
38:30 - 39:00 pretty big move uh I don't know is that actually a memecoin i know it's a memecoin but it's not funny it's not cute is it really a viral concept i mean Fartcoin's a viral concept dog with hat it's a cute dog with a hat on okay fine screw it popcat yeah okay fine pengu's got the penguin community behind it who the [ __ ] cares about Housecoin it's probably going to billions i don't know i'm probably mid-curving it like obviously Housecoin
39:00 - 39:30 is a new paradigm of [ __ ] money um I need to stop dropping so many f bombs on stream lark clean it up man clean it up anyway Milton whatever whatever happened to the US government's audit of the BTC they said they have the same thing that happened to their audit of Fort Knox you guys remember that they're going to go to audit Fort Knox trump and Elon they're going to go down knock down the doors of Fort Knox where's the gold at let's forget about that something's going on there something's going on there guys pangu to
39:30 - 40:00 the moon let's go let's go can we Can we get a decent Pangu entry around here man ah they probably got some [ __ ] coming this week during the um uh There we go during the um token 2049 oh my gosh look at this thing ah me with my ah my buy order just you know just just to pull a Gary Vee here and complain
40:00 - 40:30 about stuff that's already happened in the past um my buy order was at 0.006 cents it went to 0.0061 cents ah oh well such are things uh I would look here for next key buy areas maybe around a cent i would really like to see it come back down to like 0.07 but man that's a brutal drop from its current price i mean look how got that would literally be like
40:30 - 41:00 a 50% drop it's unlikely to happen more likely would be a a reasonable pull back to like 30% which is probably like 1 cent 1 cent is probably not a bad entry for it if you're looking to um if you're not on board yet and want to get really want to get yourself a situation for that just one more tenant come on baby let's go just one more 10x going to catch the dragon this time let's do it
41:00 - 41:30 uh I think June for rate cuts the market basically completely agrees that uh May is unlikely for rate cuts baby Jerome surprises us but betting markets are saying 95% chance of no cut uh we already did the AI 16Z chart scroll back in the um uh stream a little bit oh my gosh we're up to 40 minutes back in the early days Luck didn't use any profanity i know i know
41:30 - 42:00 these live streams man they got me all worked up we're gonna finish there for today guys 40 minutes trying to keep these streams at a reasonable time and keep working on it you guys are awesome thank you so much for joining the stream today hopefully we're back tomorrow tomorrow's token 249 uh Wednesday Thursday there's a chance we may not have any streams i might get stuck in traffic or whatever i'll try to get back do some streams for you guys it'll be a good time i'll see you next time peace thank you love you and I'll see you bye