Transcription
And good morning everyone and welcome to Vision Crypton this Monday, October 27th, and an extremely green chart, yes, BTC and Ethereum have indeed surged upwards. This is extremely positive. Yes, be careful, I will play devil's advocate nonetheless this morning, and I will show you that you need to be a little careful because we have potential CME gaps to the south to fill. You know, CME gaps fill 9 times out of 10. So there is still a probability of going to fill it. We will look at all of that in today's daily. It is still extremely positive and there is a lot of news.
So, first and foremost, if you haven't seen yesterday's daily, don't hesitate to go watch it. I think it's extremely important for people who have difficulty holding this bull run, who are a bit in distress, even if this morning things are indeed a little better since we have this beautiful green chart.
So, immediately, we're going to our friend BTC and look at what we've done. We pushed, we continued to push. What is very positive, on the other hand, as I was telling you, is that firstly, we broke the RLZ short here. We had bounced well within it. We were rejected, rather within it, and then we continued to push. What's good is that we passed, hop, this summit there as well. And moreover, for the moment, we are above. We remain above. What would be even better would be to break these summits and establish ourselves above. to stay above. But still, be careful because as I said, there is a CME gap to go and get. Look at the CME gap, it's here. Hop! There. So we still have a CME gap that is relatively important. So the markets could very well come back down to fill it. You will need to be careful too.
Why? Because well, precisely, many people will think that we are going to fill it immediately, and so sometimes, what does the price do? Sometimes, precisely to trap those who will short to fill the CME gap, it will continue to push just to get a little more liquidity and then it will fall to go and get the CME gap, but it will have liquidated precisely all the shorts who shorted a little too early to go and fill this famous gap. So be careful, there is still a little bit of liquidity to go and get to the north. Look, we'll go and see it right away. So we had all this liquidity that had accumulated. So you see that we came to recover it. You see that there is still a small pocket of liquidity. So we could continue to push. This morning, for example, up to 117, 118,000 to finish recovering the liquidity before going to fill the CME gap. So we would liquidate all the people who are shorting, and then once everyone is relatively bullish because the structures are beautiful, well, boom, we go down to precisely capture this CME gap. And then, of course, you must keep in mind that we still have a lot of liquidity to the south. Again, we will see how all of this unfolds.
This week, what could we see? Because it's relatively important. I said it in yesterday's daily, but we have a lot, a lot of news, and especially, especially the interest rate decision from Uncle Powell on Wednesday. So that will be very, very important. So we could have, for example, a "buy the rumor, sell the news." For me, that's what's being priced in a bit. That is to say, we have good news. We really have good news. That is to say, there are very strong probabilities that the rate cut will be carried out. Look here, if we look, there is a 98.3% chance that a rate cut of 0.25 basis points will occur in 3 days, that is to say, Wednesday. So, there are strong, strong probabilities. So we know that, on the contrary, if there were no rate cut, I can tell you that the market would crash very hard, but we could still have our rate cut and still have a "sell the news," that is to say, still fall to go and recover liquidity and trap all the people who believe we are going to the moon because the news has just come out.
We also have other news that is very positive. And it's, as you know, China and the United States, and according to the American Treasury Secretary, Janet Yellen, China is ready to conclude a trade agreement with the USA following advanced discussions. If this is confirmed, there would ultimately be no tariff increase for China, and that would be all good for the markets. Indeed, if there are no customs duties, if there is an agreement with China, it's extremely, extremely bullish because it eases tensions in the markets, and so we could potentially also take off again. So we will see this week, but if we have the news combined with both interest rates decreasing, a good speech from Uncle Powell, and also an agreement between the United States and China, well, there is really almost nothing stopping us from pumping very hard.
Precisely, this is where the trap is, since everyone will say that there is nothing left stopping us from exploding upwards, we could make one last wick just to go and get precisely the liquidity to the south. Be careful, what I'm saying is the pessimistic scenario, but it's something to keep in mind and to which I am preparing myself if it happens. That is to say, we could continue to push, push, push to go and get all the liquidity, and then after Wednesday, Tuesday or Wednesday, when we have all the good news, we could see, boom, a big drop, come and recover all the liquidity that we left here precisely, and then gradually take off again once we have liquidated a maximum of people. It's a scenario, and I prefer to prepare you for this scenario rather than the scenario where we explode, everything is bullish, because that will be the easiest scenario to accept. If everything explodes, well, listen, we will enjoy the rise and we will have an extremely good time.
The structure, yes, is bullish. Look, we made a W here. We broke the neckline which is here. So yes, it's rather bullish. We will probably still come down to fill the CME gap at one point or another. We will see if we continue to push before or not. But at least this way, you have all the scenarios. For Ethereum, it's the same, it's very positive. Look, we've exploded everything too. We made a magnificent W too. We broke the neckline which is here. And moreover, moreover, if we stay at the level where we are currently, we are above the resistance that is here. You see the big white block? There is a second resistance just here. Do you see it? So we could find ourselves a bit between the two before continuing to explode as well. Of course, if BTC goes lower, well, Ethereum will also go lower.
Well, for now, we take what we can take. The news is extremely positive, or rather, it's going in the right direction. Market structures are making beautiful structures. So, technically, we are making beautiful Ws, we have broken the necklines, it's very positive too. So, we will say that we are very positive. I just prefer to prepare you for the fact that we might go and get the CME gap, that we might continue to push and then look for the CME gap, or worse, go and get precisely all the liquidity that is to the south once we have had, and so we call this, I repeat, a "sell the news."
Also, CME gaps are not only on BTC, we have also created CME gaps on the NASDAQ. Look here, we have a big CME gap on the NASDAQ. We have created a CME gap on the US30 too. Look here. So all of this, there are strong probabilities that we will go and fill them too. So if we go and fill them in traditional finance, there are strong probabilities that we will go and fill them on BTC too. Again, of course, we will see all of that in future dailies. That's why you need to click the subscribe button to not miss any future dailies.
So, regarding liquidations, we'll go and see that right away. Look, we've had, well yes, of course, shorts, 358 million in liquidations, and 73 million for longs in liquidations. So a total of 432 million, and that's pleasing because for once, it's the shorts who got caught. Be careful though, we see it here on the order flow that there was really a surge in long openings. This means that there were openings. Look here, we pushed on the open interest. This means that orders were opened. Here, we don't see if they are long or short orders. However, here with the funding rate, we see that, well, there are orders that are being opened, and they are longs. Why? Because our funding rates are exploding. Here, however, we have pumped well here. To be seen if it continues to pump, but we have pumped well here. And so, well, that means that these are indeed long orders that have been opened with all of this.
Naturally, our fear and greed index has increased since we have a beautiful green chart and that feels really good. We have a beautiful structure on the market. So we are still, look, at 42, we are still in neutral. So that's good because we haven't immediately gone into euphoria. People are cautious, they are not completely stupid, after all. They know very well that there is the CME below our feet, and they know that there is still a lot of liquidity, as I showed you earlier, below. So we can still go and get it quickly. It will also be relatively important to see the inflows we will see both in the Ethereum ETF and in the BTC ETF. It will be interesting to see if interest returns now that we have an easing of tensions between China and the United States, and that we are really reaching the deadline to lower interest rates. We will see if investors are reassured and reinvest in ETFs, both BTC and Ethereum.
We continue with the news. We have Tom Lee. I'll put this in French so you can read it. Tom Lee, who states that leverage has been eliminated by cryptocurrencies, that open interest on Bitcoin and Ethereum is at historically low levels, and that we will witness a cryptocurrency rally until the end of the year. So Tom Lee, I remind you, is the CEO of Bitmin, and it is the company that currently owns the most Ethereum. Look, he holds 12 billion, I believe it's now 13 billion in total Ethereum. And so he is extremely bullish, naturally, on Ethereum, but naturally on this end of the year, and as you know, I am also extremely bullish for this end of the year. And if you doubt it, well, don't hesitate to go and watch this video I made yesterday, "Everyone is bullish. I remain ultra-bullish. Here's why." Don't hesitate to go and watch it, and you will probably understand why.
We continue with Crypto.com, which is filing a charter application with the OCC to become a National Trust Bank. This is very important, and it would be a very important step for Crypto.com because by filing this application, this charter application, Crypto.com is requesting official authorization to become a National Trust Bank, a specialized form of bank focused on asset custody and wealth management. So, they are really taking a step, and I think the valuation of Crypto.com could truly explode. If you are exposed to the CRO token, well, I think if all of this is accepted, the token could be very strongly valued. Personally, I own CRO, which is why I'm keeping them because, in addition, for me, this is excellent, excellent news.
So, this is the news we've seen. So this is also, it's a bit of a repeat, Secretary Yellen stated that the United States has concluded a substantial trade framework with China, potentially eliminating the need for 100% tariffs. So again, it's not signed yet, we'll see. But for now, this seems extremely positive. We also have Western Union, which will test stablecoin-based transfers for its customers in over 200 countries. Look at this adoption. Western Union, PayPal, Stripe. Look at these giants adopting stablecoins and jumping into the hype of stablecoins and cryptocurrencies right now. This is really very positive, I remind you, for massive adoption. It's very, very positive. And we see that we continue, for example, with Western Union. So this is very positive again, not necessarily for now, not necessarily for 2 days, 10 days, but in 6 months, 1 year, 2 years, all of this is extremely positive.
We continue with Michael Saylor, who referred to his buying tracker. So, we know that there will likely be a purchase tomorrow. We will see in the daily how much this purchase was. Well, team, I've told you pretty much everything. We still have extremely positive news. We have positive market structures. Be careful because yes, you know, there is a CME gap. I prefer to warn you that we can go lower, that we can fill the CME gaps, rather than you being too bullish and being disappointed. Yes, it's positive. Again, that doesn't prevent us from making a correction, filling the CME gap, or even going a little lower before taking off again. And be careful of the "sell the news" that we will have this week. We have a lot, a lot of news this week. That's why, again, don't hesitate to click the subscribe button. We will see all of that together in the different dailies.
I'll leave you with that. I wish you an excellent Monday, an excellent week, and I'll see you tomorrow in the daily, and above all, above all, stay curious. Ciao!