Transcription
And hello to everyone and welcome to Vision Crypto on this Wednesday, October 29th. That's it, it's D-day. You know, today, we are awaiting the interest rate cut decision from Uncle Powell. So normally, we should normally, with over 98% prediction, cut rates by 0.25, at least 0.25, 125 basis points today. So finally, we will see if the market crashes hard or if it takes off again, and if we have a big "sell the news" or not, we will see, and we will see that in tomorrow's daily since the rate decision, it's at 7 PM. So we will spend the whole day with all the fluctuations, perhaps all the fluctuations before the decision, it's likely to move quite a bit. And then, we will also have Uncle Powell's conference at 7:30 PM, which will be extremely scrutinized to see if we will probably continue to decrease rates, if he is rather satisfied with how the country is doing, how the country's economy is doing, or if he remains relatively cautious once again. In short, you understood, today is the day that will be very, very, uh, important.
So, we currently have a map that is rather, well, mixed, and we have gone a bit lower, we have started to fill the CME gap. We will see that right away on our friend BTC. Look here, at this level, we have fallen, quite, uh, strongly. So we did the same. Look. So at first, we followed traditional finance, but then we completely decoupled. Look at the NASDAQ, which is making higher highs, higher highs, higher highs. And if I switch to 1 hour, yesterday it's the same, there was an inflection on the NASDAQ. Look here, we had a red candle. And that's where we started to dump on BTC as well. Except that BTC, it continued to fall, while the NASDAQ, it recovered and continued to make new highs. So, well, for the moment, there is a strong decoupling between BTC and traditional finance. BTC, I think, will go to completely fill the CME gap. Why? Because, well, look, currently we have filled it almost halfway. You can see it here, we are on the CME, so the Chicago Mercantile Exchange. We have filled it halfway, and what would be good now is to fill it entirely, precisely so that at least we don't talk about it anymore and we can potentially take off again.
Me, you see, I have placed a trade even a bit lower here, at the level of 109,400, that's the long RLZ. So, we could also go and look for liquidity lower than the CME gap. The CME gaps, they are located around here, approximately. But I think we could go and look a bit lower precisely to capture liquidity and to potentially take off again. So you see, we are around between 110 and 111,000 for the CME gap. If we go and look at the liquidity level, oops, because look at how much we have reinforced the liquidity. We really have a lot of liquidity above. But you see the 111,000, between 111 and 110,000, it's just this small pocket here, you see. So it's not necessarily huge, and why not go and look a bit lower, and notably look at this pocket here, how extremely bright it is here. The brighter it is, I remind you, the more it shines, the more liquidity there is, and you see this pocket is really huge. So why not go and look for it too, and you see we are around 109,380, so, well, why not come here into the RLZ and capture this pocket precisely before potentially making a rebound.
Afterwards, well, you know, we could also go much lower since there is all the liquidity. Look to the south, up to 105,000, we know that there is a lot, a lot of liquidity to be found. So, well, again, it depends if today we have a "sell the news" or if it takes off very strongly, leaving precisely all the people who think we are going to go a bit lower, it's really 50/50. We don't know which way to dance. So that's why we will have to hold on, we will have to be patient, and we will have to wait to see what happens tonight. It's the same, uh, on Ethereum. We see that we have fallen well. We have really been strongly rejected from this resistance once again. So you see, we have been rejected, and now we have gone back below the second resistance as well. At this level, I drew the long RLZ, I can note it for you like this. Oops, there you go, long RLZ, exactly like on BTC. So it's the same, if BTC goes to look a bit lower, well, we will go and look for the RLZ with Ethereum as well. Of course, if we continue to dump, we will dump on our altcoins as well. Again, I keep repeating myself, it might be the last big drop, it might be difficult. We might fall strongly, we will see. But you know, my bias, in the medium term, is still bullish. That is to say, for me, November, December, we will explode upwards. In any case, I hope so very strongly. We have agreements with Japan that put the United States really in a strong position against China to finalize trade negotiations. There were already trade negotiations that were rather well advanced and going in the right direction with China. So, I think there will be a good resolution at this level. We should have the rate cut today. We will see how the market reacts. We could have, as I said, this famous "sell the news," but again, we will see that. And we have the Shutdown that should also end this week, possibly. So everything is there to potentially take off again. Again, everything is there. So we could precisely do this famous "sell the news" since everyone will say, "Let's go, that's it, it's starting again." So there is likely to be long positions opening. So everything will take off. We will probably liquidate the longs if we have this "sell the news" before truly taking off upwards and then not stopping anymore, that is to say, really pumping very hard in November and with a continuation in December and possibly January. We will see that again. For the moment, I am very optimistic in this regard since I see that there are positive resolutions coming. But of course, we will have to follow all of this.
By the way, don't hesitate to click on the subscribe button if you don't want to miss any news since we will see all of this on the channel. At the ETF level, it's also rather positive, we have had more inflows. Look, 200 million on the BTC ETF, and on Ethereum, it's exactly the same. We have had good inflows, look, 246 million. So that's very positive. Hoping that it continues today, that it continues tomorrow, that it continues this week. The more inflows we have into ETFs, the more it shows investor confidence and the more potential there is to explode upwards.
Alright, at the liquidation level in the last 24 hours, we have had 521 million, so half a billion, and we have had 365 million of longs liquidated and 155 million of shorts liquidated. Of course, since we dumped, it's the longs that got caught as well. At the market sentiment level too, we dumped. So, well, market sentiment has decreased. Instead of 42, we have fallen back into fear at 39. We are at the very beginning of fear, but if we have this famous "sell the news," as I said, I think we will go very quickly, much lower on the crypto fear and greed index, and possibly into extreme fear. And that's precisely what I would like to see, what I would like to see, is that everyone is extremely, extremely in fear. Why? Well, because it will be the best moment to truly take off again, and I can assure you that if we fall very hard and we retest, for example, this trend line here at the level of 105,000, first of all, we will have recovered all the liquidity. So that's very, very positive too. But if we come back here, well, we will have taken such a hit, both on Ethereum, on BTC, and on our altcoins, that there are strong probabilities that we will be in extreme fear. After that, it depends on the wick, we might make a wick and get strongly swallowed back up. And if that's the case, it will be extremely positive. Why? Because it will really show a restart, I think, to go higher. Again, we will see all of that. For the moment, these are just predictions, but in any case, you know that for me, going into fear and extreme fear is something really positive.
Alright, at the news level, you will see, it will go relatively quickly, there isn't much, but we have Sharpling Gaming which will deploy 200 million dollars of Ethereum on Linea to unlock DeFi yields. What does that mean? It means that they will stake, for example, on platforms like AAVE. We can do it, we go on AAVE and we stake our Ethereum, our stables, in short, any type of cryptocurrency on any type of network. It can be on the Optimism network, Base, Linea, Ethereum, Scroll, in short, you choose the network and you can stake your cryptocurrencies precisely. But Sharpling Gaming does the same with much more money. Of course, I don't think you have 200 million dollars of Ethereum. And so they will obtain a yield on precisely the 200 million Ethereum thanks to DeFi. And we can see, by the way, that they are using it via Ether.fi. And so, that will allow them to obtain yields every day, even every hour, and thus accumulate more and more Ethereum. Of course, they would be wrong not to take advantage of it. DeFi is indeed a formidable tool for obtaining yields.
Alright, let's continue with big news. Attention, France is doing something. UDR deputy Éric Ciotti is preparing to introduce a pro-crypto bill today for the acquisition of 420,000 BTC over the next 7 years to create a national reserve. Of course, it's an excellent idea. I will absolutely not go against it. However, will it pass? That's another matter, and I unfortunately doubt it strongly. So indeed, according to The Big Whale, the objective is to build a form of national digital gold to diversify foreign exchange reserves and protect the country's financial sovereignty. Its financing would be carried out in several ways. Public mining from surplus nuclear and hydroelectric electricity, of course, it should be used. That's a very good idea. Systematic conservation of BTC seized during judicial proceedings, exactly like the United States does. I remind you, the United States, they took, I don't know how many, 123,000 BTC. They seized. So that saved them from buying them for an amount of 14 billion. So, of course, that increases the US national reserve for free, and it's all profit. We could do the same here. Allocation of a portion of the amounts collected on Livret A and LDDS to the daily purchase of BTC on secondary markets. Approximately 15 million euros per day, or 55,000 BTC per year. That's a good idea too, and payment of taxes in Bitcoin, subject to constitutionality. So, in short, he has very good ideas. Now, we know well, France is generally anti-crypto. It's not because he's submitting this that there will be a positive resolution. But in any case, I highlight the effort and I say congratulations to Éric Ciotti for this bill.
There you go, team. Well, you understood, today is going to be very, very, very important. It's likely to swing quite a bit. So be careful. Especially for those who want to trade, put in stops absolutely because it's likely to move very strongly in both directions. So put in stops, protect yourselves, and above all, don't panic. We will see all of that in tomorrow's daily. We will see what happened, if we have this famous "sell the news" or not. If we have taken off very strongly upwards. We will see all of that together. So, once again, don't hesitate to click on the subscribe button, and with that, I wish you an excellent day and I will see you tomorrow in the daily, and above all, above all, stay curious. Ciao!