Transcription
Mail everybody. I'm Cantonese Cat. Hey everybody, Cantonese Cat here.
Going to do a little bit of a different video here today. The video is instead of talking about just straight up what I think about the macro and whatnot, I'll tell you 10 things that I'm buying and that I am dollar cost averaging in it over time. I I generally don't just buy something right away and just get in. That's it. I usually try to build a position over time based on what I'm seeing here on higher time frame charts.
Now, I'm going to compare a lot of these different stocks here to the copper and gold ratio. If you don't know what the copper and gold ratio is, it's not something that I made up. It's something that I, you know, really have gotten to my attention from Rickus um who is one of the chartists that does very good work on eggs. I recommend you all to to follow him if you haven't already. I've made several videos about this copper and gold ratio. What it is is basically copper outperforms gold that is usually more reflective of having more actual economic activity. Gold is a little bit more of like an early midcycle liquidity sync. Copper goes out outperform gold whenever you actually have a more bullish risk-on environment. And this happened really from 2016 in 2018. That was really the crazy bull phase bull phase of the Bitcoin bull cycle. Same thing happened here from 2020 to 2021. That was also like everything was risk-on during that period of time here. We are getting close to maybe perhaps bottoming on the cover and gold rat. So it's kind of crazy to think about. Hey, maybe we've just been living in a bare market for like the last four or five years or early bull cycle into mid bull cycle here for the last three uh four four five years. It's kind of difficult to kind of imagine that, but I think that's kind of what we're seeing here. At least if you believe in this indicator, that's kind of what I'm seeing here.
First of all, it's a very speculative company. Qubt. This is quantum computing. It's a quantum computing company that was previously a bearish company. You know, whenever I say something like that, it's going to be very speculative. You know, whenever I say something like that, it's going to be like a lot of fundamentalists. They're going to be like, "No touch, no touch, don't touch. We're not gonna want to get into something like this because there are no fundamentals involved here. It's all speculation." Blah, blah, blah. You might be right, but I think everything runs in liquidity anyway. And if everything runs in liquidity, whenever you end up having a more risk environment, something ridiculous and stupid could run a lot higher, including memecoins. So, who's there not to say that there's going to be some coin computing companies here that may not be that strong fundamentally and they might actually end up doing pretty well moving forward. It just happens that over the last 8 n years that the top and the bottom lines up very well between QBT in the cop and go ratio very very well. Top top bottom bottom top this bottom over here doesn't really line on anything over here. I would argue that this is a little bit of a pre-pump but we are showing some significant weakness over here as copper and gold is also showing some really significant weakness here with the ratio. With that said, I do think that we are close to being done with this bottoming phase. We'll see when that is, but overall looks pretty good.
Now, if you just look at the QBD chart by itself, you don't look at these, you know, circles and and whatnot to try to line up between all that. You just look at it, it does look like we have reentered this liquidity zone. We have basically found support here, this liquidity zone, and then we have a hard time breaking through this liquidity zone up here above. And we're basically just kind of revisiting that area over there. Waiting for the carbon gold ratio to go up higher before we're able to escape this area and hopefully punch through it this time. This is this has been tested multiple times here already. This liquidity zone has been tested for about the last 8 n years and over the last year and a half. It's been tested multiple times here. Multiple wicks. I do think that it's building up a little bit more power to try and push for that area. As long as this is a higher low over here, I do think the next move is going to be really challenging that area and we'll see whether or not we break through. If we break through, then a lot of the higher targets could potentially be met. If you also look at the volume here, we have been going declining here for about 6 months straight on basically declining volume here after a big volume pump that we had over here in 2024. I think we might be getting ready for a reversal here soon when we're having some volume come in to help with that. And that's also part of reason why I think that as long as far as it goes down to a support zone on declining volume, the lower it goes, the better ris ratio there is. So I'm accumulating it. I this is very small percentage of my portfolio. I'll say less than 0.5% of my portfolio. But I just wanted to, you know, get into this as a part of my thesis of riskcon. If I don't succeed, I think that's fine too, but I just want to give it a shot.
The other thing here too is the second stock here. I'm getting increasing exposure here and I've been building a position here for really over over a year now. tigr. This is fundamentally speaking, this is kind of like a they're they're called upfint tag. They are um how do you say that? I don't want to sound cheesy, but they're basically like the Robin Hood of of Asia and uh they are not as big as Fu. Um but they do have a pretty decent presence there and the fundamental is actually looking better. However, there um price action in the last 7 months have has been horrendous as is you can see that this is a big giant cup here and this is the handle. Just coincidentally, you can see that the bottom and the top for Tigr over the last six seven years has lined up very well with the cup and gold ratio here as well. Right? And if the cob and gold ratio here is bottom, I do think that this might be the bottom of this uh bull flag over here or the handle of this cup over here that went all the way down to the 0.618 61.8 log flip here. So, this seems to be a pretty good setup. I buy the handle over here. Um, and that makes me feel, you know, more comfortable um at really getting into this stock by buying more of like a a pullback here rather than trying to chase this, which is something that I generally don't like to do.
Now, if you are also looking I don't know why I can't put the volume here. Let me say probably because I have too many windows open. Here you go. You basically see this is a big giant cup over here. This is the handle. And you can see that this handle has been operating on less and less volume as it goes. The lower it goes on declining volume. I think the better risk-reward ratio there is because you're talking about the exhaustion of sellers here after big giant cup that is formed. Is completely healthy to have a handle that goes to either 0.6.8 which is where I think it is. You can go to 0.5. You can even go lower. I think that's fine. Could go all the way down to like the the5 $6 zone. Back test the area is possible. Does it have to do that? No. Um I think I just think the lower it goes the better resort ratio there is. So I am adding to this position as long as it's less than $10. I think I'm going to keep buying TIGR.
Now another stock that I am getting into and again very similar to what we're seeing here. I guess this is a little bit more of like a spec. There was $10 here for a long time. This is B AI. When I see the peak here for common gold ratio, that was kind of the peak over here. And right now would just basically form a very beautiful formation here. However you like to call this, it doesn't really matter. But this looks like a big giant cup here would break out in a back test on declining volume. Very similar to what the IGR is doing. The lower it goes, I think the better ratio is going to be. and right into an area where copy and go copper and gold is also potentially bottoming right here. And we might be getting ready for a back test here. Once this back test is done, whenever we have a little bit more volume here, this thing could really kind of shoot up um a lot higher. Um that's the thesis I'm seeing anyway. None of these things I say have to absolutely work out.
Another one that I'm buying here is S A T L. This is also a very small cap. Now, you notice I'm buying a lot of these smaller cap companies here for a reason because they are extremely volatile. But if I see copper and gold ratio potentially bottoming, I think that it might be a decent um time to maybe get a little bit more risk on. I could be wrong. If I'm wrong, then, you know, these are not the biggest positions I have, but if I end up being right, they could potentially become a lot bigger positions. So, we'll see. Very similar. you know, when it was a speck over here around $10 is when it was peaking here over the copper and gold ratio. It's been just basically going plummeting down over here until recently it started forming these higher highs and higher lows over here. It just form a little bit of a higher high and right now we're retracing down over here exactly right around the time where copper and gold ratio is bottoming. If you just look at the chart by itself, it does look like this big giant green candle here was on a lot of volume and the correction here was on not so much volume and you end up having inside candle over here. If you just shut down all of these things and if you just simply look at the bulling band here on the monthly, you can see how it basically have claimed the 20-month moving average from resistance here into support. If you are looking at not just the SMA, if you look at the EMA, you can also see very very similar thing. And we already kind of back tested that as support already. So overall, I think that this stock because it's forming higher highs and higher lows, I think this stock is favorable. And I'm going to keep, you know, adding to my position on that.
The next few here would be important to talk about because in the grand sense that they are more related to Ethereum and related to cryptocurrency. This is BMNR and I think that it had a huge pump to the triple digits whenever we found out that it it was um a um Ethereum Treasury and that it was also during a little bit of a mini euphoria of Ethereum here too. and it basically just pumped a lot and since it's been retracing for close to about 8 months now 9 months now right when cop and go ratio is you know near it as bottom over here which is what I think it is and it's also kind of back testing a horizontal breakout zone over here that was previous resistance as far as I'm concerned I do think that the there's there's been a lot of pretty decent sell volume here but I do think that we're getting close to an area where we might be starting to um absorb a lot of um selling comparison over here, if you will. I am mostly bullish on this because it's been going straight down here for about 6 months and because it's basically been looking the same as Ethereum and because I'm basically bullish on Ethereum. If you simply just look at the Ethereum chart and you compare it to the BMNR chart and you know frankly if you just zoom in there's really no difference here between the two and I do think that BMNR reflects very well in terms of what Ethereum is doing. You know, the crazy thing here too is to take in consideration if you are bullish on Ethereum here moving forward. If you think we're closer to the bottom than we are to the top, I'm not going to count this top here. I'm going to count whenever you have this candle over here with this peak going all the way down to the low over here. It corrected about 76%. At the same duration, Ethereum corrected around 64.8%. If you're bullish on Ethereum, I do think this is a little bit more of a leverage play. I do think that it's probably going to move a little bit more than Ethereum would. And it also seem to be tracking Ethereum very well over the last six months, which would make logical sense that it does because is an Ethereum treasury play that I I'll talk a little bit more about what I think about, you know, the whole altcoin um market and the whole um Bitcoin market and the whole, you know, four-year cycle thing. I'll share my thoughts here a little bit towards the end.
This is BTCS. This is another stock that I've been buying. This is also another Ethereum Treasury play. They are actually a little bit more OG for Ethereum Treasury. They've been holding Ethereum a lot sooner than a lot earlier than BMR, I should say. You can also see that the uh the top over here and the bottom over here lines up pretty well with the copper and gold ratio. Pretty interesting, right? I mean, I'm not picking that up here. It's been going straight down here for about 5 months in a row and declining volume after a big giant volume pump over here right into 0.236. I do think that this is a good area um to continue to accumulate here right when copper and gold ratio could potentially be bottoming. So I find this to be a favorable setup because of that. And again if I have to do the same thing if I just line this up over here with Ethereum here on the side you can see that they actually also line up very well. If anything, I think the recovery of BDCS has been a little bit stronger than Ethereum has been in the month of March. You see how it's been lining up very well with the Ethereum chart over here. With that said, I do think that this is a little bit more of a leverage play. I'm not I'm not going to if I'm not going to count this peak over here. Let's try try to count this peak down here. It's gone down about 76% down here again 46.8%. And I do think this is a little bit more of a leverage play compared to um you know what actual Ethereum is. So if you are bullish with Ethereum where it is at right now, if you don't mind waiting, then I do think that this is potentially a decent stock to enter.
Another one that I'm entering that is also a little bit stronger in terms of crypto exposure is Galaxy Digital. A lot of people are not going to like this because they're going to say that if four-year cycle is over, you're going to enter a bare market. um stocks going to go down a lot more. They're related to crypto over the next six months and they're basing it on calendar years. They're basing all this stuff. That's not what liquidity is saying. That's not what the cycle behavior of copper and gold ratio is saying, but a lot of people are kind of basing that on Bitcoin. We'll talk a little bit more about that towards the end. Top here, top of copper ratio, uh gold ratios, the top of Galaxy Digital bottom. Same thing. And right now, we are forming a big giant cup over here. And we have a very nice bull flag over here that seems to be at the bottom of the copper goat ratio. If you just simply look at the technicals of itself by itself, it is basically trying to keep on holding on to the 20-month moving average, which is not anything to entirely bearish. It just basically back tested after it broke through the monthly cloud back test the cloud here perfectly and it's holding here. So there's not really anything particularly concerning about it. Um, there still is a little bit of a sell order block right up there around the 40s, but there might be a lot more runway to kind of go up from here. With that all said, I do think that we have a bull flag here. I do think that we are uh absorbing a lot of sell pressure over here right at support. And so far, we are holding support as far as I'm concerned. So, I'm not that concerned about the stock based on looking at the technicals by itself. With that said, you can also see that a recent retracement came from this um high over here to the cycle over here. We basically backed test at 0 um 382. We're trying to reclaim a 0.5, but we're having a little bit of a hard time doing it. Sometimes when you have a big giant cup and a handle, the handle goes down to either 0.61.8, 8 0.5 or 0.382. 0.382 is a little bit closer to how far it would go. Sometimes it can go lower to 0.236, but because we have other support levels up above, it's not really doing that. So, I do think that price right here around $20 is probably a good buy right there based on just looking at the pair technical of Galaxy Digital on its own because it does have a decent bullish formation and because it is retracing to um some very reasonable fib levels over here and because it is still a bullish formation because this is the higher high here compared to that and this is the higher low over here compared to that. It's still bullish as far as I'm concerned. Right? So, I am adding some exposure to Galaxy Digital as far as I'm concerned.
Now, Coinbase, um, this is a stock that I have made, uh, you know, pretty long video on Denny's Patreon this weekend. I'm not going to go too deep into it. I just want to say that the peak of the IPO time for Coinbase was right when the common goal ratio was at the top here. And right now we basically probably had like a prolonged bare market here for about two years if it's just going to be sideways and doing nothing during the time the cop and go continue just keep plowing down here. The interesting thing here is are you looking at distribution or you looking at reaccumulation? Look at the volume it does fit more of a reaccumulation pattern because every single time when it goes down sells off you have declining volume declining volume. Here the entire look down here has been on declining volume with the exception of the hammer bottom that we just had back in February. So that tells me that I think a lot of the stock have changed hands from the weak to strong. I do think that this is a little bit more of a reaccumulation pattern rather than distribution pattern. And this is followed by so far a little bit of a bullish engulfing candle here just a week into March. Again, a little bit too early to tell because this has only been just one week. Um, but so far it's also right at the bottom of the copper and co ratio of this trend line over here. So something interesting to think about if you just look at the pure technicals of Coinbase by itself. Couple very interesting thing that you would see first thing is that it is basically found support right at a very important log fib level which is going to be the 0.61.8 boom boom boom right the second thing here is there's confluence there because if you take out that green circle here you can see that it just basically back test the bottom of the Ichimoku cloud over here. So a lot of confluence in terms of what Coinbase is doing. Um, I also think that Coinbase seem to be u at this juncture recovering better than something like Ethereum because if you're looking at Ethereum Basically have gone through very similar downtrend here for the last 6 7 8 months. The left over here is Coinbase, right over here is Ethereum. You can see that the structure is very similar with the exception that Coinbase right now is recovering a lot better than what Ethereum is doing. I think Ethereum is kind of lagging behind. With that said, I do think that they mirror each other. And I do think that if you calculate whether or not Coinbase is going to be a leverage play to Ethereum or if it's just kind of mirrors Ethereum, I think it more or less mirrors Ethereum because they basically have very similar downtrend. Whenever Ethereum goes down, Coinbase seems to go down by, you know, very similar percentages. I think that um Coinbase is also going to be very similar when it comes to um the entire cryptocurrency market cap. But we can look at something called total 3ES which is basically the cryptocurrency market cap excluding Bitcoin and also excluding um Ethereum as well as all stable coin. It's basically looking the same, right? I think uh Coinbase is basically reflecting the same morphology if you will of the entire cryptocurrency market cap excluding the uh Bitcoin and Ethereum excluding stables. That's kind of what it's reflecting. Not that big of a difference between the two. So I think if you buy Coinbase, you're not so much buying the fundamentals of the company. You're more or less getting exposed to the um entire cryptocurrency market. Um that's kind of my my opinion here based on what I'm seeing here. Even though people are going to look at earnings, look at EPS, look at all, you know, all the uh revenue, all that. The thing about it is like Coinbase had a really good um earnings over here. It plummeted down for a four month straight had terrible earnings over here, but next thing you know, you have a big giant hammer candle over here. So, I think that people kind of know what's going to happen next to the cryptocurrency market cap. I think there's a little bit of people front running this and they are wanting to increase their exposure on to Coinbase here and this is why you're having some relative strength here for Coinbase. Who knows? Who knows? I don't maybe if you look at others which is the altcoin market cap excluding the top 10 coins that gives you a little bit more of a reflection in terms of what's been going on here with the overall cryptocurrency market cap.
First of all, if you're worried about the four-year cycle, if you I'm going to say this again. If you worry about the four-year cycle, it has not been playing out for all coins period because the altcoin peak was back in December 2024, that would make it a three-year cycle, right? If you count from top to top, you can say count from bottom to bottom. That's fine. Um, but with that said, a lot of people are thinking all the four-year cycle is going to end by probably around September, October 2025. If you count that as the four-year cycle, it had failed to make a higher high and it just kind of went down to another liquidity zone down here below. That tells me I think the entire thing was probably just a bare market for about four years. That tells me that basically this whole thing has just been not doing very well for the last four years. And that would go along with the fact that copper and gold ratio has been going down here for about four years in a row. If you're also looking at others D and that basically tells you a very similar mythology. Othersd is what we refer to as altcoin dominance. That's basically mean that the entire cryptocurrency market was a percentage of that belongs to altcoins outside of the top 10. Right? And you can see very similar thing here. Basically had the ABC correction. This is entirely a bare market for altcoins for about four years straight. And I think we probably have found a pretty decent bottom over here when it comes to altcoin dominance, right? When the copper and gold ratio has been plummeting, right? So, we don't have that quite risk-on thing yet, which is probably why the alcoin dominance has been going straight down for about four years because that's not where the liquidity is going. It's not going to really truly risk-on assets. It did have a mini bull market here for about 6 months, but that was it. This is overall an ABC correction. So, as far as I'm concerned, I think we're getting build up here. Now, you can argue that that's not the case for Bitcoin. You can argue all that, but I just wanted to show you as to why I am interested in keep on dollar cost averaging into BNR, BTCS, Galaxy Digital, and Coinbase. This is my thesis on that. If I end up failing on my thesis, if this is a flawed thesis because of the four-year cycle, I will have to say that at least I put thoughts into it. I tried and my thesis didn't work out. And that's okay. I accept that it won't work out. Which is part of reason as to why you want to do this because if you know what everything is going to happen, first of all, nobody really knows what everything is going to happen. Usually people get thrown off sides if you're too certain about certain things. Um, second, if you know everything is going to happen, then what's the point of doing it? I I don't I'm here to talk about my thoughts and that's the whole thing. Like I I'm If you find an account that's always right, go for it. I don't [laughter] know what if one exists.
This is Bitcoin up top. This is copper and gold ratio down here. A lot of people have claimed that the four-year cycle was finished because we peaked somewhere around October 2025, right when you were supposed to at the four-year cycle with the exception that I think the four-year cycle is implying that the it would um be involved in the entire cryptocurrency market, but it just simply hasn't been. It's just simply been a show for Bitcoin, which I would argue maybe a little bit more like an early mid-cycle kind of thing. We are showing some relative weakness here as gold uh copper and gold ratio is entering this trend line here again and every single time we enter a trend line here we show relative weakness over here show relative weakness over here um well I should move that actually that doesn't make sense actually more relative weakness over here about four months just kind of go sideways over here compared to that and we also show some relative weakness over here too the interesting thing is Bitcoin top also seemed to be aligned over the last three cycles perfectly well with the copper and gold top, right? Copper and gold top over here. Copper and gold top over here is Bitcoin top. Copper and gold top over here is a bitcoin top. Have we had the copper and gold top here over the last four or five years? No, we haven't. Doesn't mean that the Bitcoin top is not in yet. Quite possible. Uh with that said, I do think hey, you know, if you want to believe in the Bitcoin four-year cycle that and and that's fine, do it. If you think that because the Bitcoin four year side goes in and you have a prolonged bare market for Bitcoin moving forward, then I say that yeah, it would be silly to buy Bitcoin if you expecting another six year well not six year another 6 months to a year of bare market then like yeah don't buy Bitcoin that's correct right but if you're implying that if you're going to buy uh how do you say if you're implying that Bitcoin bare market basically means that all coin is going to go down a lot lower I'm not sure about that. you'd be implying that Bitcoin um bare market is here and that Ethereum is going to go down a lot lower. I'm not sure about that. I actually think that the um the Bitcoin dominance is starting to show some signs of weakness here for a very long time because again with common go ratio and with Bitcoin dominance has been lining up very well. Whenever you start to see the uh bottoming of the copper and gold ratio, that's usually when things are starting to get look a little bit weaker and it's about to go down here. Bitcoin dominance. Bitcoin dominance tells you the percentage of the cryptocurrency market that that belongs to Bitcoin, right? If you have less percentage of cryptocurrency market belongs to Bitcoin, that means more risk on because you're rotating into Ethereum and also other altcoins. This has happened twice here in the history of Bitcoin dominance being chartable here that I can find that wherever you have the bottoming of the cob and go ratio basically that signifies weakness here for the bitcoin dominance and you have a rotation altcoins rotation rotation has a rotation happened here yet not yet it has not bitcoin dominant has gone straight up here for about four to close to you know three to close to four years it's starting to show a little bit of relative weakness here but that also goes along with bottom of this um copper and gold ratio over here. So, it's starting to show a little bit weakness over here. Some show a little bit weakness over here. So, these are very very much of a parallel type thing that I'm seeing here. If we have bottomed over here, then we go then then I would expect Bitcoin dominance is going to plummet all the way down and I expect there's going to be more rotation into all coins, which is not the scenario that most people are expecting right now. Um it just simply is not. um which maybe makes it a little bit more entertaining and more likely for it to happen.
Now, I do want to talk about another um thing that I'm buying here. I'm buying um chain link. I think chain link right now is basically bottoming here right around when the common go ratio is bottoming right into liquidity zone. We spent about a year and a half over here and and it's basically revisiting the top of this liquidity zone back in 2022 all the way to 2023. The entire time I think we're just stuck in a bare market. We broke out back test back test back test and we're still back in the support zone right there right when carbon gold ratio has bottom out here we spent about um very similar time maybe about two two and a half years here we spent about four or five years this this just been extremely excrucially painful but there's a lot of parallel between what we're seeing here versus what we're seeing here and I think that if this is bottoming here with copper go ratio and this is the bottoming process here to revisit a liquidity zone back from 3 years ago. Then I think that once we're done with it, maybe a little bit more powerful move is going to come after that. We will see.
The last stock I want to talk about which I am um buying very very slowly, very very slowly um and I am not anticipating um a significant return really anytime soon. But I still see a favorable setup for is Alibaba. Alibaba doesn't really follow the gold common go ratio here beautifully or anything like that. you know, at least the top here doesn't. Top here seems to be followed pretty well. Bottom over here seems to be followed pretty well. I do think that it's showing some relative weakness here because again, copper and gold ratio has been showing relative weakness. With that said, I do think that the sellers are kind of exhausted because it's been showing, you can see like how it goes down here three months in a row. Volume's gone down. Next thing you know, you just take two candle with big volume to reverse everything. Same thing here, right? Four downward candle, three upper candle with some volume here. So far we have got a little bit of ABC correction here. This we went back to this uh liquor zone here. Adam Eve double bottom breakout back test here. We have a big giant cup over here and we have broken out of that cup and we're basically back testing the um the copper uh the cup and handle formation over here right at this liquidity zone over here. So to me, there's nothing really to complain about, especially when this ABC correction over here is on declining volume and there's really no committed sellers over here at this point. This is also why I think it would be a good time to maybe dollar cost average into Alibaba because I think that the reser ratio down here is pretty decent. And if I also have to take a look at the um related thing here, which is a very important thing to look at, this is the Hongsung index. This represents a lot more of the um Chinese stocks over here. A lot of the major Chinese stocks are now really listed at the Hongsung and you can see how the bottom of the Hongsung has fit perfectly well with the carbon gold ratio here for over a decade and a half. We have formed an Adam and Eve double bottom. We have broke back above the trend line. We're back testing the trend line right when carbon gold could potentially be bottoming. So I do think the Chinese market is stuck in a wedge right here. But I do think that because the cop and gold ratio is bottoming, if it goes up, I do think that the next move is going to be break to the upside here and break above this trend line and go higher. If that's the case, I think Alibaba is going to go higher, too. That is my thesis anyway. And if it doesn't, it goes down, then I just keep my head down, try to find support levels and see where it goes. But I do think that this might be a pretty decent area in terms of where Alibaba needs to be and where the hungen needs to be um with the sideways correction over here over the last 6 months right when copper and gold ratio is bottoming.
Anyway, I just want to share with you the 10 things that I'm uh kind of buying here as well as going through a little bit more in terms of the rationale in terms of why I'm doing that. To summarize, I am buying QUBt small position very small position. TIGR small position but bigger than QR QBT. BMNR, BTCS, Galaxy Digital, Coinbase, um those are all you know more cryptorelated. I am buying chain link that's another one too. So I mentioned seven so far. The other three are Alibaba and this is the rational as to why because of the Chinese market and the copper and gold ratio and also BBAI and SATL.
I have sold a recent stock which I think will do well moving forward but I just don't think that I need to be in it anymore because the trend is not confirmatory anymore. Initially the idea is that this is a Y coff and this could be the high volume spring here but it just kept on making lows over here because it kept on making lower lows and lower lows. There is a possibility and I think the possibility is still strong that this is a descending wedge over here and that I think that we are probably bottoming at this zone over here. But because it's been making lower lows and lower lows and low highs, I've decided to rotate that over to SATL, which has a better trend. And I basically start a position right around 2.8, 2.9, right around there, because I wanted to just buy the stock. And I think that the risk reward ratio over here is better than what I'm seeing at least on the more um you know closer immediate future here. This sell over here is on declining volume. I still think RXRX is probably going to do pretty decent here. With that said, I just want to buy a trend rather than buying YOF accumulation. Um and that's what happened with RXRX.
All right, guys. Thank you so much for listening to this rather uh long video here. Take care, everyone. Bye.