The tech unwinds. That's the [music] perfect fire to burn out retail crypto. You'll be unwinding three, two or three bull cycles of four years and going right the way back down. And some of those will never recover.

I do think there's going to be a clearing in crypto in any next demand destroying event, particularly [music] tech related. Be careful out there if you're in the eccentric cryptos. But this is the guy that said XRP to $19, which we did say $19.35. We still have that. These were macro trades. That was a December high. That's why we got out over here at 336 because we don't have the patience or the happiness to hold through pullbacks.

Most of what's going on is actually quite weak. So numbers like employment are actually going to be generally down. However, because of the hyper stagflationary model, CPI is generally going to shock to the outside. So I'm giving you a timeline for crypto. saying you may get a rally but by the time this number and possibly a day or two before will the market start reacting.

We need to have a look also at the one have a look at what's been happening over the same period. This is the most important pair in the world now producer nation versus primary consumer nation. That's simplified. That's what's going on. You're in an economic environment where the interest rate and inflationary expectation is one of the most important thing for what your crypto will do next whether you choose to know and understand that or not.

Welcome back ladies and gentlemen to the All Crypto podcast. I am your host Robert Pickering and today I'm delighted to be welcoming back on a familiar face. We have the man, the myth, and the legend himself, Mr. Francis Hunt. That goes by the market sniper, the crypto sniper, and of course, the reset sniper. I'm sure we're going to be hearing from all of those today. Francis, welcome back to the show. How are you?

>> White men speak with three tongues, [laughter] forked three tongues. Three fork tongues, I don't know. Yes, indeed. I'll try to speak out of all three uh for you, Robert. Glad to be back.

Anyway, >> the pleasure is truly all mine. you're somebody that really over the years has impressed the importance of technical analysis, real technical analysis. It's often a lot more simple and away from all these bells and whistles than I than I think people try and give it. Um, today I really want to get your technical take on the crypto markets specifically. We can of course venture into other markets as markets are all connected in some way, shape or form, but let's maybe start things off with your technical assessment of the cryptocurrency space right now.

Yeah, it's a good one uh to place to kick off uh Robert. Um I will point out a couple of things. First of all, just in speaking uh around this that we've had a little bit of the dollar story as well. Um so sadly nowadays for crypto people have had to learn about other things >> unfortunately >> and the other markets and the dollar is a large part of that. Um and we've had a per a spell of dollar strength. Of course, you you probably as a good trader will know that the USD JPY just prior to the non-farm payrolls was pushing for potential new highs. Um, you know, we're a big watch on the USD Korean one as well. These are all all outside of the uh crypto space, but these were dollar dominance periods that we still expecting to see further upside on.

But what has happened is you had a non-farm payrolls number that came out yesterday because today's July the 4th. To all your American audience, have an amazing day by the way for your July the 4th uh celebrations. Um glad to be talking to you on this day uh or whenever you end up seeing this. Uh but so the dollar strength got backed off after a weak non-farm number. So we're being bounced between key data points and this is affecting crypto and you need to understand this. even if you don't like it, you'd want to just keep in the crypto space.

Previously, we got a hawkish surge on the rate announcement even though they didn't put up rates. Nine of 18 uh Fed uh board members said we should be putting up once, twice, maybe, and one person said three times during the course of this year rates. That's half the board. They were talking for rate hikes that surged the the dollar and it kept pressure on gold and silver and crypto. So what then happened is that's been a dollar trend. Now we've come into the next major event of macroeconomic significance for the dollar and that was the non-farm payroll number that came out yesterday. Instead of the first Friday was the Thursday because of the holiday and that came in unders. So that backed off some of that hawkishness and as a result so that's why we didn't enter any additional late shorts on crypto into that big news because if the dollar got backed off and we suspected it'd be weakened because overall our opinion on Walsh is that he's here to do a bit of financial repression which means he's going to restate inflation softer through lies and just lying more than the previous liar. uh and as a result run the economy quite hot.

We've had a massive M2 number that continues to pump. We're at all-time highs here. Um and they're going to try run interest rates uh lower by restating the CPI as uh not as bad as you think. Don't forget two months ago 3.8 and then you jump to 4.2 in America. That was a 0.4 increase. I wouldn't like to say on percentage. That's more than 10% on the 3.8 8 just month one month to another month. So we've been short oil because oil is the biggest multiplier to inflation for an extended period before the whole rushed horm's last peace deal we were short in the '90s and it's continued to pay. That is how they will bring that inflation number down. They're going to cool their jets on that whole running out of oil, running out of energy, running out of the supply thereof, uh etc., etc. So that's been a good trade for us during this period.

But what does that mean for the dollar now after the payrolls number of just yesterday the the near-term meme is a rally for Bitcoin and crypto generally same for gold and silver and the stock market as well. So the it's feel-good factor rates aren't going to go up as much. A little bit of a raining back of the inflationary fears. So you're in an economic environment where the interest rate and inflationary expectation is one of the most important thing for what your crypto will do next whether you choose to know and understand that or not. Okay, that's the vibe we're telling and let me tell you when the next key date will be. So we're on the screen share and I will refer technically in a minute but I've given you the more of the fundamental vibe here. We're the third. We're talking on the third. It's actually only Saturday is the 4th, by the way. So, I'm wishing one day too soon.

>> I've been doing that all week, by the way. [laughter]

>> Yes, indeed. Uh, so the 14th is when you'll get your next CPI lie lie lie number. You'll get the the month-to-month lie and the year-to-year lie coming and then you'll get the core lie and the core month-to-month lie. And that's all coming uh because your true inflation rate they will always understate. They will seek for more methods to find a reason to further understate it because you get lies, damn lies and statistics. But anyway, that's the next date where you'll get a pivot that's going to come in in my opinion hot.

So in terms of my community, I was guiding that the the the labor numbers were going to come in weak. Why? because our hyper stagflationary model is actually the overall economy is not great particularly when you talk about that which is being starved from of capital outside of the AI hyperscalers uh and that space most of what's going on is actually quite weak so numbers like employment are actually going to be generally down however because of the hyper stagflationary model CPI is generally going to shock to the outside So, I'm giving you a timeline for crypto. It's saying you may get a rally, but by the time this number and possibly a day or two before because the markets start reacting and there always seems to be somebody who knows something just before. That's just an observation maybe of a conspiracy analyst. You can decide for yourself. But by the 14th, I'm expecting an awkward number.

Now, it will be interesting to see what their expectations will be for inflation because the oil price has certainly come down substantially, but we haven't spoken much of crypto. But we've spoken about understanding some of the drivers between key fundamental events. If you'd like me to do a technical uh take on Bitcoin, I stand ready to do that. But I've said a lot already. So, let me hand back.

>> Absolutely. Absolutely. I I think a good thing for us to do, like I say, you're somebody that over the years has really impressed, not just impressed, but proven the importance of technical analysis. It's something it's something I do before even, you know, if I see a chart that looks good, that means more to me than a story or anything. Technicals come first. Somebody that's very much impressed that onto me. Spoken about the dollar there. There's a there's a dollar element to all of this. Maybe we could bring up the Dixie and talk about that dollar strength. The Dixie has kind of broken out of a bit of a base as it were. It's sort of broken out of what you could look at as a neckline. Seems to be pulling back into that. We're talking about the reaceleration there that is going to dampen risk. Certainly, uh, crypto, which is kind of the beta here, and then gold, silver. It's very interesting that kind of the stock market has been flying in the face of a lot of adversary, but that's really just I guess due to its um uh kind of nature as uh you know there's a kind of hype almost like a cryptoesque hype around AI.

>> It there is uh there is and it's crowding out everything else. So capital doesn't go elsewhere. Capital gets starved. We talk of our, you know, our twisted bubble. Yeah. Uh, analogy, and I I do diagrams for this, and I'd have to fish it out. I should have had it close to the ready to show you, but essentially, we're in the wrong half of the balloon that gets flat. You know, the clown that does the dog for your kid, those long sausage balloons, you've twisted in half. There's one half of the economy um that is getting a lot of attention and a lot of capital, even though it's not doing very productive things. very anti-climate. Note how hyperscaling suddenly killed the climate change agenda uh and all of that good stuff. Never mind the energy consumption and the water consumption for these super data centers. Um, but I don't think they win even though they outspend. But the key positioning is this has now become an existential threat. You got to beat China and therefore you've got to throw any amount of money and even if it's badly spent money, you'll bail them out. It's like a banking system. It's become as core and central and I fear they socialize cost on us later on the mal investment mal investment is investment that was non-financially viable that has now led to great losses under the altman teal uh musk uh, you know, PayPal mafia insider NSA frontmen for the legacy families uh under that umbrella we carry the cost again without getting the pumperamentals and the you the 5% of the the the mega cap listings on SpaceX, etc., etc.

You asked about the Dixie, so let's just deal with that uh and handle the dollar because we've locked the six-month candle. Happy H2 to everyone else who's not got freedom day on the weekend coming. Happy H2, the start of the H2. Uh, we did come down very hard in the month of January. That was a very bullish period for gold and silver as well. People will remember the highs that were hit on gold and silver. Then it looked like we were about to break, but because we're on a six-month and we never held or closed below the base basing ascending grind line, that red dash line, that is the channel that the Dixie has followed since the 2007 uh depression. Basically, there was bank failures. They got bailed out of course uh and there was two years of constriction in most economies although they cheated a little bit with the numbers to mask that but that's the definition of a depression two years of negative growth with banking uh failure. Uh and we certainly got that although they might not let the stats reflect that. So you've been in this upside channel and you've held the channel here. You were caught between the 100 level, that's the blue line, by the way. That's the value of the Dixie and the Dixie is a flawed measure. So, you asked about the Dixie, and I'm answering it. And at the same time, I'm saying to you, it's almost not the full question you should be asking because it's 52% euro. It is Swedish croner. It's Japanese yen, which is a funding currency, which is absolutely getting battered and kept low. Uh, and then you get a bit of British pound where all of uh Britain and Europe are working really hard to ensure they destroy their economies so that they can get as beaten up as a hegeimon uh if not more in the event of Western failure which is what we're basically experiencing in terms of debt and fiat. So it's a very skewed measure. It doesn't have the biggest workshop nation and provider of most goods to the United States. for example, the Chinese one in it doesn't have any of the major BRICS nations in it. Um, but if you want to talk about it, it was issued in 1974 at 100 and you're sitting at 100.7 today.

>> So, there's been no material benefit of being in any although you've had a journey of highs and lows therein. Right now, you're not even a percent point up for being in the dollar since 74.

>> Wow.

>> To today.

>> Know that. So that that's the better part of 51 52 years uh of existence. But you did you had this squeezing triangle of the basing ascending grind line and the 100 line that on the weekly and the monthly lower time frames we were looking at. We said you either break and hold and close below the trend which could be a reversal for the dollar or you staying up above the basing ascending grind line on the six-month chart which is the big time frame chart which I suggest looking at that you've stayed above and you actually popped above the 100. So one of them had to give the 100 or the bagel and the blue line broke and dollar is back up but it's not super strong now because of the non-farm payroll number. So, for this month, we only have three days. In fact, for this six-month period, we only have three days. So, it's a very small, don't read this as a red candle yet. Um, but you do have a little bit of a trade back because of yesterday's non-farm.

Yeah.

>> But just to finish the Dixie as bad measure, uh, Robert, you need to have a look also at uh,

>> Dwan Yuan and have a look at what's been happening over the same period.

>> I never look at the Yuan, by the way. I I I it seems now you're saying it, it literally seems like uh an obvious thing to do after you've said it, but when I look at the I always look at the Dixie for dollar strength and like you say, it's not a representation of the overall picture. And then I'll look at main pairs like euro, great British pound, so on and so forth. And it seems like the dollar certainly wants to gain strength against all of those. But I this is this is going to be interesting for me because I've never actually looked at it versus the Chinese yuan.

Well, this is the most important pair.

>> Yeah.

>> In the world now. Producer nation versus primary consumer nation. That's simplified. That's what's going on. Um, then you could argue look at the euro the second, you know, producer that America runs deficits with the Euro zone and China, particularly China. That was a huge shooting star. So you're talking here in around 2025, late April and that was it. You've been down down down. People can talk about dollar strength against on the Dixie all they want.

>> Yep.

>> Over the last six months. This is what you've done against the Chinese. You won.

>> One year ago you were 7.3 and today and you're trading down now of course with that non-farm you're trading at 6.78. So it is a shed of value. And I've also said let's have a look at the dollar against other BRICS nations which are not in the Dixie and we throw in the Brazilian real which is far from being um a currency of great reliability and I will highlight to you again on a on a very big time frames that's typically what happened with the Brazilian real you know it's an Argentina type story there but if we talk more recently What's actually happened is you've gone from that the more recent era. So we talked since 2000 for example you have a massive rising wedge and marginally higher highs which having been in our program you know how I highlight that and you've actually got a head and shoulder on a lower time frame that you've broken down. So you've fallen out of a rising wedge against the currency you used to clobber.

>> Yep. erggo. This this price action that I showed you just to the left, you went from melting up against the Brazilian Royale to grinding up in a rising wedge to now breaking out of the rising wedge to the downside. And if I show you that head and shoulder, it needs a lower time frame. If I go to the

>> interesting just to just to jump in there in regards to emerging markets, we're seeing emerging markets break out. We're also seeing the Brazilian stock market looking interesting and and and gaining a bit of strength. I guess the question for me is does this not fly in the face of that kind of dollar strength wrecking ball or you know I'll let you sort of take the stage there

>> again if if you keep measuring I I can get the American leper to look beautiful if I measure it up against even worse longer lepers which is what the the Dixie is. you know, people who got the leprosy even before and are that little bit closer to death doornob and a little bit more scabby and frail, then I can make you look like a beauty queen. But if you if I start broadening it and getting normal ladies on the stage, um, you start to look a little bit pasty and a little bit sickly and a little bit off and that's what's happening now. You are bouncing up, but this is a head and shoulder that triggered with a break here and the stop loss would have been there. You did get a rally. You never stopped out. you should be buy short and you should still be in the trade. Are you getting a rally right now? Remember this is against Brazilian real. It's not the bastion of um, you know, standardbearing Swiss banker type uh [clears throat] seriousness towards uh all things fiscal. Uh, despite that I would imagine that turns down again and that you have a chance of running that might not might do but this is a real break. you lost the rising wedge and you've lost a head and shoulder to a triggering event. Technically, as unthinkable as it is, the dollar weakness uh can return against these nations without returning against the euro.

What we've actually got is European existence is overpriced in value to emerging market nations. As someone who has a properties in Cape Town and spends on rans, I can tell you I get a far better value deal. Some people say, "Yeah, the crime and this and that." Okay. Um, I know where to live. I know how to operate. I know what I get. I think generally the European the Dixie makeup is in a tale of decline and was overvalued in currency terms in debt terms and you're seeing a rerating that other emerging nations because of the dollar's position were desperately had to run much higher interest rates to protect their currency on account of trade surpluses and deficits and protecting foreign reserves. What we're seeing now is as the west generally is going into decay on a fiat and debtbased crisis, the relative shackles are going to come off nations many people have looked down on as currency based nations which is why I also say not only should you re take a second check your prejudices on currency pairs because we've all always the dollar ahead of the Brazilian royale always the euro before therand always the before the you know other nations uh a sort of first world supremacist view you need to start checking that because the whole things are inverted we are deeply overrated at a brand level we're deeply indebted

>> and we aren't producers to the same scale at good value you look at Germany which is the spine of Europe deeply destructive policies from energy nstream approach to Russia etc etc etc Other places are actually relative good value despite their problems.

>> Y

>> which is not to say Brazil doesn't have problems and South Africa doesn't have problems and there's corruption and there's everything. You don't see the corruption in your own country as corruption. It's almost like it's Yeah, but it's yours so it's okay. They stealing like gang busters.

>> Yep. Yep.

>> They sending money to Ukraine and getting half of it handed back in cash and gold to them. They are doing all sorts of things. So the corruption is uniform and everywhere uh and the ability to steal and the ability is uh to sustain their valuations is actually being challenged. Let me show you the same thing on the rand in case you just think well maybe Brazil's growing a lot of fruits and they're getting some sort of agri commodity gain. Again far from being the bastion of uh, you know, currencies you choose to choose to have. Let's just take you into the sixmonth. Again, we still haven't got a crypto chart up, but this is important and valuable. And I just encourage people to think about this because the role of the dollar, that's your original story of dollar dominance. That's what we've all got used to. What's actually quietly happened since then, rising wedge, marginally higher highs, marginally higher highs. We had an HVF in here, a macro. It made its target at the 19s. Let me take you out of the six month and give you a little bit more of a local view. So you're falling out of the same rising wedge. Very similar head and shoulders drawn for you in orange. I'll double over it. It's a very small shoulder. I'll give you that at the point of the break down return move to neckline descending triangle down. That trades down for me even more so than the real. And you got a target at 14 and a half. and it's the first head and shoulders head and shoulders targets aren't necessarily the last move. If this turns into a major reversal, you're talking about a country that pulls platinum and gold out the ground much larger percentage of its GDP than say the US is precious metals mining. US also has precious metals, but you know that's kind of useful when you got China taking everything it can get its goddamn hands on in the precious metals front. So my overall view when someone wants to talk dollar and then I get told the Dixie is you've been trained to think the benchmark for dollar dominance is the Dixie because we live in a western view but the western view is comparing all the lepers

>> y

>> together there's some fresher blood out there >> that we previously looked down on. So let's go to a Bitcoin chart because it's time we got crypto because your guys will be getting frustrated.

>> Absolutely. But this is very important. Again, talking about technical importance, it's very interesting how looking at currency pairs very much signals the way the world is going. Um, I recently went to Bosnia of all places. We went to go and look at a pyramid. Apparently, Bosnia has got one of the largest pyramids. I I won't go too into detail about what we found, but I felt so much safer walking. Not only was everything so much better value, so much fresher. I felt safer walking around Sievo at 2, three, 4 in the morning than I do pretty much any city here in the UK, you know, or or you know, most of Europe. Um, so there is

>> same for me in Tissi, Georgia, by the way.

>> Yeah, Georgia's beautiful be beautiful country. I know you've spoken about that previously for for some of the benefits that it has, but to do do you think this is what could see the decline of the dollar? I mean, you look at that channel the Dixie being in, it was going to go one of those two ways. If it had sort of broken to the downside, I think that'd be quite positive for risk. Obviously, we're looking at

>> value for quality of life in Europe is in the east, not in Western Europe anymore.

>> Yes,

>> 100%. The only issue you have is the dominance of the NATO W EU access that is arm wrestling Eastern European nations to try to be anti-Russia and to be pro uh the bottomless immigration pot. Yeah. Yeah.

>> Now, if you go to a country like Serbia,

>> they are very religious and very anti these agendas and highly weaponized and they go ape in the main capital at their politicians um when they bring in excess immigrants and they chase had to remove people for their own safety. You want a country like that and there's an orth there's a kind of orthodox Christianity and they see themselves as Slavic and of a similar chip off the block as Russians. So, it's just a hard cell. you'll get a longer run of um staying out of the other things. Sadly, Romania, you know, they put a base in there and they've they, you know, they've flipped them almost and no doubt they will be ready to, you know, sacrifice their sons as backup Ukrainian fighters at some point. You don't want to be sucked into that game because then you become a target.

>> The interesting thing with the Serbians as well is they're all six foot plus plus. They are huge people. I think Napoleon I've spent a lot of time with the Bulan people. Um, I think Napoleon said about creations, which of course it was all under Yugoslavia. Give me a hundred thousand of them and I'll take over the world. So, there are still nations that that that kind of rely on their or or fall back on their history, their morals, their religion, and they haven't

>> fight for something. Like you say, they're not all been neuted castrated little simps anymore. Yeah.

>> Yeah. Like a lot of the West.

>> Yeah. Sadly, the Netflix West has become uh very dosile uh to this invasions of their rights, privacy, and everything else.

>> Of course, let's talk Bitcoin.

>> So, so, so we're looking at just just to get us to where we are before we get on to Bitcoin. We've had a little bit of repression in the dollar based on the back end of that recent non-farm payroll number. We're looking for the 14th of this month that we are now in for a core CPI number that's going to come out over that will reinflate the dollar

>> which could bring the dollar dominance back. You've got the key point there. I'm trying to help people understand that actually you'll be trading crypto and suddenly something will move a bunch. Well, it's got to do with fundamental data in the big world that you think doesn't have any effect on you but does.

>> Yep.

>> Yeah. And that's why you got a bid up on this on crypto.

>> And that's why we weren't going short adding to shorts the day before and uh before this because we actually expected this. I even reduced micro strategy shorts going into the non-farm payroll and was quite grateful and got to put them back on a tiny bit higher. That's a little bit trading inside of a macro theme. But here's where I am on crypto to summarize for those that want the exact summary because we've spoken so much about other markets. Some are very some people are very impatient. Oh, why is your YouTube videos not 3 minutes? I haven't got time to watch half an hour. You know,

>> they want a tech summary.

>> Crypto is going to rally short, maybe medium-term. My overall opinion is you're going to have a reassert of some form of dollar strength on stress in the system. When you have stress in the system, the dollar is a distress currency. It gets a bid on distress. And you've got to remember you have hypervalued AI um which is getting very very creaky. You have a private credit uh nonsense that is they're trying to keep a lid on but they've already closed some funds for redemptions that got that flared up and then suddenly got quietened down. You know the media is very good at showing a spotlight. Whoops, enough of that. That's a bit bearish now. We've we've told them you know and the the problems didn't get fixed. It's still there and it's ready to flare up again. And the same happened funny enough in Subprime. I remember in 2007 these little mumblings about there's a lot of mortgages being allowed and there seems a lot of people that shouldn't be getting mortgage are getting mortgage. Well, enough of that. Let's move on. And then Lemans in 2008, you know, it's like so these stories will boomerang back when they need them. Um, and there's a lot of downside risk with very little extreme upside risk apart from one point. Fiat and debt devaluation means the measure of everything is also being pushed down. So indices can be seen to even go up in a pretty bearish situation on a basis of debasement of currency. Devaluation of currency is a steady ongoing theme. And as we speak, you have the convexity curve where it goes very quick. It's not consistent. It's not linear at a 45 degree line over multi-dead down. They keep the lie going for a while and then you play catchup. And the convexity part is where we at. This is why we said the debt turn late 2020 is the most significant call we've ever made because it's now the you can't tax your citizens by slight of hand by overspending and issuing on debt. That is how they bring inflation and tax you without actually increasing your taxes because the debt market can't take that level of issuance and rates have now climbed. They were trying to sigh up you into believing nerp and zer. Yeah,

>> not so long ago that died. No one's talking about NERP and Zerp anymore. Remember that? We didn't buy that ever. And we told you since 2020, higher rates, pullbacks shallower and moves up longer. There's upside HVS on the 10 year, the 20 year, the 30-year for American and also we've done debt. We started talking about Japanese debt when it was 0.3 and predicted it's going to six.

>> Today it's three and it was the least watched YouTubes we've ever generated. No one gave a hoot. Now everybody's watching the Japanese uh rates and wants to be the clever guy warning about the carry trade and how the rate yield differential is minimizing. That was our story the news before the news. We also spoke about the same for Korea. Now a lot of people are watching the Cosby as the early indicator for the AI bust because it's based on only two stocks while at least uh the US is based on about 25 and seven of which are the MAG seven.

I think I think I think all example just to just to add to all that and I can attest to everything you're saying not only ever been a a member of your group which there'll be a link to in the description but um also somebody that's watched you kind of on Freeview for a long time you're early to all that because you understand technical analysis

>> that's the only way

>> yeah literally and and when people kind of I understand this there's a lot of voodoo and blackmagic and all this kind of stuff as it relates to technical analysis out there the classical you know way you do it there's very few others out there, but there's real I mean, I'm I I'm a believer, you know, I'm totally converted to the church of technical analysis, real technical analysis. And you're kind of uh I think a great um example of that, you know, I mean, some of these calls are huge. I mean, you've seen your debt market call continue to play out and that has huge ramifications for the world. Let's get into Bitcoin where where it currently is. I could sing your praises all day long. So we've had a since the high in 26 which was actually almost felt like that was the high and you just had this out of the blue surge and then almost immediately straight sell off.

>> Yep.

>> So you kind of put in a a sort of exhaustive mini surge and then a very quickly backed off 126300. Since then you've been putting in continuation patterns with downside. And the key part of us and how we play the game is that you keep on keeping on and you do continuation.

>> Trend is your friend. Yeah,

>> this is continuation. Uh for those that are uncomfortable with, oh, but will Bitcoin go lower? Surely it's great value now. There was great value at 126. It must be amazing value at 61.9. Well, the key thing is it might be even greater value. So, we don't we don't quickly call bottoms. We trade continuation. You have a big macro flag here that's set up and you have a target for that down there. You have a flag from here with a full log scale target that is down here. All of these are clustered around the 50, 51, and 52. You have a head and shoulders one version, the log uh target. There's the head and you have a shoulder to the left there that also clusters around there. So you've got 50 51 and 52 cluster of targets. So the question is is this the bottom because you're going up now. No, for me it's a rally to be shorted at some point when you get a reliable inversion. Look for the date of 14. Maybe the day before if people are front running the data. Maybe a delayed reaction, but watch out there. It may start stalling even before. I'll be watching with a bias to short. So, I'm square or neutral or short.

>> Yep.

>> That's how I'm positioned for the markets. Square or neutral. What bullish can I say just to show that I remain objective. Well, you made a low there and this was a bit of a marginally lower low. Uh, but you had a small rally, but then you went a bit lower, but this is also a marginally lower low. So, the lows for now haven't been really getting much lower. So there is a loss of momentum to the downside especially if you consider how long we were in that bare flag. I kept redrawing it. It kept extending. I said I will short if it makes it to the 80 8550 shoulder again and we put on shorts as this reversed on the low time frame at 80,000. It gave us a great great trade. Uh, and I've only recently since topped up on it. We closed most of it and I've uh following this rally just topped up on it mainly through micro micro strategy. I'm currently not short bitcoin. I will explain which I am and which I aim to add more to in a minute. So bitcoin generally is in trouble. I mentioned micro strategy. [clears throat] This is a leveraged version of bitcoin which is a high beta asset of no dividend or yield. So, you've got a guy who seems quite egocentric. I've seen him behave quite miserably to young podcasters, you know, trying to humiliate them. Uh, and real egocentric. I find him to be a jerk, easy to dislike personally.

>> I think I think this this says quite a lot. He came up in the Epstein files

>> and actually the comment was he lacked any kind of personality.

>> Yeah. [laughter]

>> You know, when the Epstein files don't want to blackmail you, you know you're

>> I mean, doesn't that say it all?

>> Yeah. [laughter]

>> Yeah. Anyway, sorry to interrupt you there.

>> No, no, a bit of goss. Um, so here's micro strategy. And this is a crypto important trade. That's your head and shoulder. That's your broadening structure. Yep.

>> On the right shoulder.

>> It did trigger already. Uh Robert, as you know, we treat that as a break of a bare pole.

>> So it's an ascending megaphone. It means its tilt is upward and it's on a selling pole. That means continuation. So we break this down. There is no theory for megaphones. We wrote it.

>> Megaphones have existed long before where we are, but nobody knows what to do with them.

>> We finished the book on that. Others have described them and defined them. Broadening structures. We cover slides, trumpets, uh a whole bunch on uh broadening structures. Most people don't know what to do with them. That is a bare pole. So the we expect the top the bottom my apologies basing ascending grind line to be broken. That has happened. That is also the subset of a right shoulder. So we are we get a lot of confirmation through mutually diverse technical aspects. This is also a head and shoulder and we expect a triggering of the short side on that 110 neckline and that's exactly what happened. And it came with volume. The fatter candle is this red. You're getting a buy bid now because Bitcoin's gone up.

>> Yep.

>> And he's agreed to sell Bitcoin when he previously told you he wouldn't to the tune of 2.5 billion where previously he just sold 32.

>> Yeah. Yeah. So now he's got to try show that he's committed to keep his company afloat and be prepared to maintain dividends because STRC of course has been an absolute bun uh bunfight of a failure for him just as you can check while we at it.

>> It's still not at the peg level of 100. So, if you bought this because you're getting 11.75 yield and you paid 100 points, you've had yourself 13% of loss and you had a draw down at one point at around 19. No, what 29% loss. 71% was the value. There's no use getting yield. I don't know if you remember there was a crypto called time or something. I think it was called

>> something like that. Yeah. Yeah, it was paying ridiculous percentages, but the price kept falling like it will lose 95%. It doesn't matter what yield you're getting if you don't get your capital back.

>> Yeah. Yeah.

>> Uh, you're ever losing massive. So, as a as a purchase of this, if this can't hold a peg,

>> what's the point?

>> You're not getting 11%. You're probably losing money because you've lost a whole bunch of capital. This is the whole story of bonds. Everyone goes, "Oh, gold doesn't pay a yield. We'll rather hold bonds." Well, if you're going to lose 50% of your value on the purchase of your bonds, you're welcome to your 4.2%. Uh, but it's a bad trade. And if gold's going to go up three times as a capital preservation or tool um not paying you a yield, well, I'll take the capital appreciation in lie of yield. You know there there there's certain moments where not paying a yield is actually beneficial if it means you retain your true value and a physical thing like an ounce of gold obviously does.

>> So where do we think micro strategy is going just just to um uh al also add in there are a couple of other crypto charts. So so so we've got technical merit on Bitcoin for downside. We've got technical merit for micro strategy on downside which of course is a bitcoin play. There are a couple of ETPs I actually or ETFs I wouldn't mind you looking at that relate to crypto. I know you've looked at Coinbase which is another good signal.

>> Coinbase is a head and shoulder as well.

>> There are a few more and it's kind of logical right in regards to Bitwise's top 10 crypto index that are of interest. 21 shares crypto basket. I mean these were very reliable inverse head and shoulders when they were bottoming. Now you've got the same thing forming at the top. Head and shoulders is a very valuable pattern. I think you're the best person I've ever seen break it down. Yeah, I mean look at Coinbase. This is

>> Coinbase Coinbase. I'm going to leave those other ETFs and I'm going to steer you to individual tokens because people understand tokens maybe a bit better. But just for people that are watching this and say this guy's just a hater on all crypto and he's a doomer and he just wants it all to go down and everyone's a bear now, you know, all of that. This is what we said. There's our left shoulder on Coinbase.

>> Yep.

>> Here's our complex W head. There's armpit one. There's armpit two and we called for this as right shoulder in the end and that as a break and we said that will be the high for Coinbase $387 at 110.

>> Yep. Huge

>> ironic. It's the same neckline as Micro Strategy by the way. Go you conspiracy analysts. You go fish that one. Anyway, it made it but it just made it and that was the top of the market for it. You know, you then had this double top very close to a double top. That's a neckline. And you smashed down. You then ended up with this shoulder, shoulder, shoulder on a head and shoulder, and you kept going down. So, this for us is a big reversal pattern too potentially. And we feel you've broken a slightly higher neckline, tested it, and you'll probably go, you know, up and over one more time. You might even test it another time, but at some point, you're breaking and you're going down. Now, the date for Bitcoin's high. And remember, bare markets consistently have been a year.

>> Yep.

>> Approximately the high was October the 6th of 2025. Where are you? You've just started July. So me saying you should be bearish or neutral. So I'm either short or square. It's logical until at least October the 6th or beginning October if you want to think it's going to be early this time. I don't see any reason. I think you could extend beyond, but I'll be far more careful about going short in October, late October, uh once that's uh year period is up. But right now, you should be bearish. It's a bare market. It topped. There's continuation patterns. There's targets to the downside. I didn't even show you anything on the point and figure side, which is something we've been doing a more of. Um, I don't know if you've uh been around to see so much of that, but point and figure downside on this is 65.

>> Yeah. I don't quite get the point of figure stuff. I It's something that I haven't quite gone into in much detail. I know you did a YouTube.

>> Don't worry about it. Everyone else watching will say the same.

>> Yeah.

>> Okay. All I need to tell you is I've transposed targeting from point and figure and I've put it on the candlestick chart with a tool that shows you the stop-loss and the triggering point.

>> Okay,

>> that's it. and it gives downside and upside targets. So, I love things that give targets because it's not that people can't get themselves into winning positions. Y, they don't get out with their profits is the problem.

>> They write them all back down. Greed keeps you in. Only pain takes you out. That's the emotional rule. Okay? Look into the eyes. You know that truth right there, pointing with you with a five finger point. Now, you know it's real. It's true. Point and figure this. gets activated. You can see the cross when you ran that low. That's the invalidation. If we trade above that, it invalidates that target is not not a live target. If you turn around and start coming back down, you have a $65 target on something that's 147. Plus, we have a working complex headed shoulder at 48. And we also warn you that you can continue beyond. The one thing about head and shoulders, it's not a hard target. It's a good place to take some profits off, but you might continue further down, it doesn't mean the target is the end. While in continuation patterns, it's more often a good place to take completely close your leverage trade.

>> Yeah,

>> you can stay with the trend on investment, but close your leverage trade. So, that's a little bit on the the two outside of crypto, but part of

Crypto. I want to talk to you about Litecoin.

Okay. Interesting. Because Litecoin doesn't get any real coverage anymore. It was a big thing in 2017 as a kind of alternative to Bitcoin, and that was really the speculation around it, kind of a silver to Bitcoin as gold. I know it might, you know, one thing that we're seeing that's interesting in, and it's the first time we're seeing it for the crypto space, is we're now actually looking to start taking out prior bare market lows, which really has never happened. So, very interesting to see what we get on on on Litecoin.

So, here's my thing. Litecoin is a copycat, lookalike Bitcoin with a different block size and a couple of extra details that are marginally different.

Agreed.

I, I'm framing. So, this is a fundamental chat. Then we'll talk technical. I brought the chart up. You can have a look if you want. But listen to this. I see Bitcoin under stress, and I see MicroStrategy also contributing to that potential additional stress by being a distressed leverage buyer that may have to unwind, and has gone from "we never sell, sell a kidney" to "we sold 32" to "hey, we will maybe sell 1.25, 25 billion. We've signed the paperwork to do that." I actually said, "You mustn't sell."

You must be my bagholder. So that's quite some narrative shift, I have to point out, from yours truly, Mikey Sailor, the man of integrity and principle, who broke and actually, uh, lost 99.9% of his MicroStrategy the first time and broke SEC rules and was in violation and probably should have been, uh, investigated and maybe is the reason why he's playing this role as part of not ending up in jail the first time. He may end up being the guy who runs 99.9% loss on his high watermark twice on the same share. Who knows?

But anyway, so you've got a copycat Bitcoin essentially. I'm obviously, I'm talking top-level without the detail. Very similar. In the same way we had a bridal.com, a pet.com, whatever. Guess what you ended up? You got Amazon. You buy everything there. Okay, that's how it works. It's called consolidation. Best website, best checkout. Now, of course, it's new world order. Bezos is a son of a, you know what, who was a special in the, you know where, all of that. Go read it up for yourself. I don't want to get into too many weeds that will have people crying in their soup. Um, but that ended up, he kept digging. He had a bottomless overdraft. His share went to 106 and back down to six, and he didn't care. He was told, "Don't worry, you're never going bankrupt. We'll keep providing your funds. You keep scaling and you build data centers. Government's going to be your client in the future." And guess what? You'll end up with an Amazon when there's no point in failure. You just have to keep building and somebody's got your back. That's what you can do. Yeah. Um, he won't tell you that. He will tell you he's bold, he's brave, he had to hustle, all of that.

Anyway, um, all that story aside, there was a clearing out of all the bump. There's a lot of cryptos that don't do much different than other cryptos. I mean, even the copycat Bitcoins, BSV, BCH, Litecoin, and Doggycoin, I think, is a copy of Bitcoin. How many copies just of Bitcoin with minor changes are there? I mean, do you need that? How many, you know, how many 3 Series BMW do you need? Uh, you know, one that only comes in pink, one that comes with square wheels. I don't know. You don't need all of them. You probably only need the one BMW, mate.

Especially if you're tight for cash, you know, you're going to get rid of those BMWs.

Yeah. Absolutely.

Some will be a tiny bit faster because they're easier on this. They don't do the mining. Okay. Okay. Okay. But so does Ethereum. So does everything else. But overall, apart from the chosen status child molester classes coins that are being blessed and will be part of our surveillance grid, the rest that were privateers aren't going to work.

But so where are we? What does this mean for Lywood? So fundamentally, there's going to be a burn, there's going to be a fire burning that's going to take out the weeds so that the grass can grow greener. The grass that will grow greener is the chosen ones of statism. None of them are your friends, and they'll all be NSA, CIA, Mossad connected to varying degrees. Uh, so that's how it's going to be. And the whole crypto, there was crypto is essentially hiding and moving money. Cryptography that is a dark state activity. The whole notion that people will believe that Bitcoin was born for liberty still shocks me. The whole ecosystem was, "We're going to need a new monetary system. We need to be able to, uh, be able to move money, and we want all the sheeple in digital money, and we want them out of cash." So, it's an on-ramp into the digital world where they will then be able to tax you directly, uh, reduce your balance, increase your balance if the economy needs stimulation, do all forms of things. It's a CBDC on-ramp. It's to get you out of physical assets. They want to own your physical assets and get you into tokenization and digital money. Uh, so anything that does that is probably not your friend and is an enemy of cash.

But anyway, a lot of people believe Bitcoin was done. I listened to Simon Dixon suddenly say that Len Sassman, it was actually captured. That was his last opinion. He's had a few, uh, and then Len Sassman at the last moment said, "I'll make it open source and just release it." So let's get it clear. You had a cult of people who were building something for the dark state, and one guy went rogue and just decided, "Hey, I'll just give it to everybody and make it, you know, free." No, they wanted to capture libertarian people first because if they could capture the libertarians, then they knew they fooled everyone. All the others will follow. That's what they did.

Anyway, there are people watching this will get really angry when I say that. Can't cope. Okay, never mind. Let's get on with Litecoin. Nothing particularly unique. It's an old-school one that came out a long time ago. And here's the perception. HVF number one in '16 through '17. Absolutely beautiful. That was an alt run. The '17 ending in December '17. You might remember it. I think you were in crypto then, or maybe you were still coming.

Fortunately and unfortunately.

Say again.

Fortunately and unfortunately in the crypto space back then and investing in it. 2017 was great, and then 2018 was a real hangover. But yeah, I'm sure we're going to get on to that.

So HVF1, massive target make and overperformance. Then we got HVF2. Let me draw these for you. So we're coming to a strategy, but first people need to understand where we are and what's been going on. HVF1, there you go. I've put in overperformance bands on it. You would have got out somewhere over here. The broken, the overperform, that's these lines here. We call it overperformance. It's a trumpet, actually. So I apologize for saying the word band. I've got into a bad habit. I'm confusing everyone. I made them a little bit faint so that they don't dominate the chart. You might not be able to see it. Let me just turn everything off. But they're over there. The rule is the minute you break out, uh, of the band to the downside on the lower band, you get out.

Uh, so you would have got out somewhere over there. You could have closed 50% at the target there. That was a huge run. You were at $3.4.58 when you got in. That was the best, the most noble moment of crypto for upside and gains, smaller total capitalizations, exponential new money, major, major moves. Now, I will highlight that this too was a setup, but it was a far less successful one. And this is why HVF is instructive. It isn't a guarantee. It's instructive. So I'm going to take off the first one. You saw what happened. It was amazing.

Uh, and chronic overperformance. Now you had a much bigger one that started from the December '17 high. You had the bare market that you described. You had all of this. A little bit low-slung September '20 finally broke. There's a fat volume. Volume makes the candles fat. That's a triggering event. You fizzled at the second interim. You came all the way down. You just missed getting stopped out, and you would have closed on the time stop there. So what's the difference between the two? Much bigger, longer to form. Got some element of an upside move. If you didn't have a shoot and scoot rule, you would have worn it up to here at the high, and you would have worn it all the way back down, and probably felt absolutely morbid. You would have been underwater if you got in at the just in time, which is the green line. You would have been underwater for this period over here. Let me get my pen again. And you would have eventually closed with very little return after a lengthy period, marginally above your entry, which, if you consider carry costs, uh, would have been a losing event. So your time stopped on it. It didn't fail because it didn't trade through that red level. And yes, I've checked it. It's very close.

Yeah. But if you adhere to process. So you've gone from a fairly small, it's not really small because this was 215 and that was 217. So it was mid-two. It's an 18-month setup. So it's a sizable setup to an even bigger one that makes that one look small, that spans years to set up. So from the 2018 high, the January right the way through to breaking only in the late 2020, post the COVID events and the trillion prints, basically, it had the seven trillion prints behind it.

Crazy, only got to the second interim, which was 344 from a $67 start. Yeah. And then it fizzled. And if you weren't shooting and scooting and getting out, and we teach you when to do that on lower quality patterns, and why that's all in our community. Click the link, go and visit if you want to do that. Uh, but anyway, eventually we came back down. That is, it's no longer a valid setup because you closed it at the time stop. But I can point out you've just triggered that low as well. This remains a key level of significance for a lengthy period.

So let's summarize. The bull market of '15, '16 that set up the '17 surge to December, huge overperformance. The lengthy buildup after the bare market and the bull market of 2021 can't make target times out. Much bigger pattern, taking much longer time, not getting the same geometry performance that should have been a 914 return. Then you move. So we've covered two cycles of bull and bare market. You move to the current cycle. Let me put that back on. The eyes back on. And I'm going to take, well, I can leave that HVF on there. I'm just going to hide the box. So this is my, uh, story for everyone to consider.

Now you go into the bare market low there, roughly June '22. This is your new bull market. Instead of bull, you get this a grind in a bare flag channel. Here's your October fizzle. Shooting star. Shooting star. An even bigger shooting star. Dribble, dribble, trigger the bare flag.

Bare flag that down to that. So, let me just hide the HVF for a second because it's probably too many lines for some people to follow. So, that's bull market number one. Reminder, massive overperformance. Bull market number two, interim level fizzle, didn't stop out, but it timed out. Bull market number three, that's your bull market number three.

[laughter]

A bare flag.

You've got, since the low to the high of 25th October, you've got how many years? Four years of recovery that took you from at best a low of around $40.30 to levels barely significantly over $100. And then you fizzled and you triggered the bare flag. And you've then traded down in months. One, me, two, three, four, five, six, seven, eight. One green candle. Nine, 10 months down out of 11.

Wow. Wow. Says it all.

And you're getting a bounce. Now you wick trimmed, which is a trigger. We talk about the five stages of a breakout in an HVF, and it's also similar for a head and shoulder. You test the level and just put a toe through it and then rally out. It's called the break and faint back up. What happened? The dollar weakened, and you're getting a very weak up move here. The next move, you short. You'll come back down. You'll trigger, likely on balance of probabilities, a downside head and shoulder on a copycat Bitcoin that has no real existence to, uh, reason to exist. Was it Lee? He, his name, Tom Lee? Or,

You got that correct. Tom Lee. Yeah. Tom Lee. That's him.

Yeah. Yeah. That started this guy and then put it all in a foundation. I, I don't even think there's a dev or anybody. There must be some people just managing it, but there's no development. Where's the earth-shattering? They've done deals or there's nothing going on in generally, I find. And you've had, and there's your three bull markets defined like that.

The market.

And now you're in a head and shoulders. How do you maintain this market cap when there's a real liquidity? Remember, crypto has not had a 2007-2008 experience. Yes, you had a COVID-19 experience where, and then 6 trillion, 7 trillion came in real quick before it all went pear. You have not had the depression that the AI bust is going to bring you, Mark II. You haven't had a dot-com crash, and you haven't had a subprime crash. Subprime is debt. Was tech. You've got both now. Debt and tech, a fiat and debt-based collapse on the bond markets. You've got it private credits, and you've got ridiculous sums being thrown at people who are stealing from you.

And overcharging ridiculously for garbage that China's doing on a hundredth of the price.

Yeah. Yeah.

Okay. That's where you're at. That's how this thing, and they're going to make you bail it out.

Yeah. So when that liquidity problem comes, you're telling me you can't see this now? Where does this target take you? I go back to drawing this HVF, and it's so ironic.

Back to the. Yeah, of course.

Target of course and shoulders. Boom. On the access to the funnel of there. This is one long round tripper.

Yep.

Ask the cannabis stocks guys about that. If you think that Litecoin can't go from one day being as high as 350 or 400s and end up back at three or $4, they'll tell you, "Never. It won't happen." Blah, blah, blah, blah, blah, blah, blah. Watch the pressure on Bitcoin.

Watch how that's going to further antagonize. Go look at Litecoin versus Bitcoin. It's losing value against Bitcoin. Why own Litecoin? I'm no maxi. You know me. I'm criticizing maxis all bloody day long. But if you want a crapper token, there's still crapper tokens to be found. Uh, Litecoin, Bitcoin must be one of the worst charts. I actually never looked at it for this. I did the USD for you, but I, I don't even know what I'm going to see, but there you go.

Yeah. Wow.

That's what I expected to see.

Wow.

That is degradation. Degradation. And you think, go lower. Everybody thinks the, the rookie move is, "Yeah, that looks like a bottom." You know, everybody wants to buy this. The continual proof of devaluation because they think, well, it must be cheaper. No. I'll just move the chart like that so that you can see how much further it can go. Now you've got some open territory. Can you see further downside? Okay, I see further downside.

It's very interesting. Just, just to interrupt you there, Francis. There is something changing as far as the cryptocurrency space is concerned. I've called it maturing, which is a positive term to give it, um, in the sense that this entire industry has really been speculatively driven. It clearly is going to have a major impact in the world. It's the agenda to move things on-chain for all the properties that they want that it brings. But what you're now going to get is a kind of culling. Culling is the perfect word. A kind of, um, dying of 99%, probably, of tokens, and a few select chosen ones, likely from inception, to come through. Do you think Bitcoin dies in that process? In terms of, because, because I know we've looked at Bitcoin dominance before. We've spoken about how we can see it in the future getting down to about 22%. Maybe MicroStrategy is what plagues that with the clear downside targets we've got for it, the downside for Bitcoin. There are going to be winners here, though, to maybe take to a positive note. So your question is, does, uh, Bitcoin die as part of this? Is it was it just a stage in the rocket to get you escape earth's velocity? It gets let go, and then you continue your journey. So I've often suggested that everybody sees it as an, it's always going to perpetually remain. No.

And, uh, I'll tell you this.

My opinion is, which is just an opinion, but it's by reading the tea leaves of structure,

The already blessed with all the same Peter Thiel type characters, tokens of statism, such as XLM.

Yep.

XRP, uh, probably Tron.

Yep.

Um, and others have a higher likelihood of survival for me than Bitcoin. And maximalists won't understand that. They won't understand that Bitcoin might just have been there to serve a role. I mean, the amount of OG wallets that have exited and the treasuries around Bitcoin that have served as exit liquidity and been terrible. I mean, Sailor's average purchase price is an absolute exercise in stupidity. How can you have such a high? Why aren't you being a net accumulator in bare markets and actually less chasing in the bull markets? Why aren't you doing the bulk of your borrowing in bare markets when actually rates are also lower for borrowing? You can do better deals and buying a year on in bare markets and buying into the first year of a turn, and then only minor topping in the third year, and in the blow-off years doing nothing. You could even be selling on spike highs if you wanted to, and you could have an unbelievable average entry. This guy's got the dumbest, dumbest chase the momentum average cost of entry because he's also inverted per, he's committed every trading error. When you come on a program with us, what do we tell you? We tell you don't pyramid into a trade. So one, you know, like this Q balls when you have the triangle, the first ball at the front, then you have two, and then you have three. Let's say each ball is a unit of loss, and you're allowed five units of loss. Let's say that's 5%, and each ball is 1%. You don't enter one, higher up two, and higher up still three. That's inverted pyramiding. You actually go stronger when you're most vulnerable. You go three, two, one, like that pyramid, rather than the inverted one. No, I'm not doing some NWO signaling. Sorry, I can't show you any other way. So, if you're doing that, he's done the exact opposite. He got more leverage, the stronger market going. He got more confident in it, and he got more borrowing as the trends go up in the bull markets. So, he's disproportionately added at highs. This is the worst accumulation strategy on something that had a known four-year cycle. And there's 80% volatility from highs to lows. How could you say, "Oh, I did this. I read the white paper, and I called the board together, and we studied this." How could you, acting in your own interests of your business, decide to accumulate at those times as part of your strategy? Because it's all strategy. My strategy is, I'm going to whale in on the high points. Unless, of course, you exit liquidity for NSA agents.

And original creators.

Yeah.

Then I understand why you, you're the biggest buyer near the highs. And he goes, "I'll be buying the highs all the way to a million dollars," and all these memes and Chad and all of this.

If you're for profit and you call yourself strategy, you should have an accumulation strategy. The bare market should be your busiest season, and the first year from the bottom. The two years there, not the other two years, especially overweighted in the other side. He does everything wrong. He puts on the leverage near the highs. He gets hyper-leveraged. He creates new tools for leverage, and then they stop holding their peg. And he declares himself a leveraged to one of the most volatile assets, open-listed fund where people can borrow stock and short, and expects Wall Street sharks not to smell blood and to turn up the heat, and clearly is caught.

Yep.

He's working Saturdays and bragging about working Saturdays. You wouldn't have to work Saturdays, and we are working while Bitcoin's still working, and we're working. Is he going to do that on July the 4th on a Saturday as well? We don't care how you're working. If you put together a flipping dumbass inverted pyramid leverage Ponzi on an asset that is high volatility and has an 80% drawdown high to low, you're a clown. You never had a strategy unless the strategy is liquidity provision for people getting out at the top.

Yep.

Unless there's something else going on here, which is definitely what we're speculating on. Uh, I think, you know, MicroStrategy is very interesting. It was effectively a dead company up until they were maybe assigned this role for this. Maybe this is all about, um, seeing that next phase for the cryptocurrency space being used, and part of that is, you know,

They got a copycat, bright-eyed young kid, Jack Mailers, to do a similar lookalike, and there was other guys that did, uh, there's even other treasuries all on Bitcoin.

Yeah. Or, or all.

It's not the only one either.

Yeah. It's, it, it very much seems. I mean, all of this is interesting. All of this is linked.

And he had no problem raising capital. This little kid.

With curly hair and all of that, who talks a good game.

Yeah.

Come on, man. And they're all associated with family members in, you know what? All very fishy.

Yep.

It's a stinky fish. The whole thing's a stinky fish. The exit liquidity provision, the origin story that never got explained that, you know, even Bitcoin maximalists like Simon are flexing and changing their their narrative story. The whole thing, cryptography is statism. It gets you out of physical money, guys.

Yeah.

Once they've got you out of physical money, playing with digits in the computer, they have power on a network that they own. You are playing on their railway lines.

Yep.

It's, you've lost power. You've lost secrecy. You've lost privacy. You've lost a whole bunch, and they've gained. That's the game. It's always been about the game.

Just to finish on a maybe a little bit of a happier note in terms of, and it's not, it's not, you know, look, we've had this conversation before that I think I think living in the real world is important. You and I, I kind of somewhat know the answer to this question, but you're still interested in the cryptocurrency space from a kind of opportunistic point of view as far as, look, when things arise. You've spoken about some of the cryptocurrencies that you think are going to be winners. You're going to look to take them to the upside. This is still an interest.

Yeah. And I, I want to, I want to also say there's going to be some, uh, hater comment in there, but this is the guy that said XRP to $19, which we did say $19.35. Um, we have an upside, uh, setup for it. This is the guy that's posted positively on Tron and Monero. So, here's the key thing about this. It's all about time frames. We still have that. These were macro trades. That was a December high. That's why we got out over here at 336, and it only traded 360 once more, and it's come down because we don't have the patience or the happiness to hold through pullbacks. They are going to probably have a bonfire flush out.

On all tokens, some of which will not survive. This is a combust story, and there will be a clearing of the stocks. Note how much more, how many more stable coins are out there for those that doubt the role of stable coins in this. Can I just also, I'm being sidetracked here, but I want to positive message, and all of this, but just it just drops on me. Tether is only about eight billion, and Ethereum's just had a rally, by the way.

Yep.

8 billion behind, uh, Ethereum.

It was second at one point.

It's going to go second more permanently. Which means in the altcoin market cap, actually the largest apart from Bitcoin will be a Tether.

Yeah.

And they've lost Europe. USDC is only 2 billion out of 73 and 75. In fact, that's 74, and that's 75 and a half. 1.5 billion behind, or 1.7 billion if you want to be specific. BNB. You're going to come back at some point. There'll be Bitcoin, Tether, Ethereum, USDC, BNB, and now there's all sorts of new Die. You've got World Trump's dollar sitting at 19. You've got a, you've got USD, you got, you got a lot more.

The real use cases starting to show place. Go have a look at my 2016 entry.

Yep.

Memory bank of who was the top 10 in 2016 any month. Go have a look at two before I entered 2011, '12, '13, '14, all those tokens. Half of them you won't even know and won't remember.

Very ironic.

Very. And now you're getting more stable coins. Anyway, back to this, uh, back to the criticism that will come at us for having spoken bullish macro targets. And it's the exact same as the guys that are angry about silver not being at $330 yet. We didn't tell you it was the end of the summer. Michael Oliver told you that they were doing $300. We never said you're in a setup that is valid that has a time from 2017 till the triggering event in '24. That pattern took seven years of setup.

Until this runs, it is a valid pattern. That's the stop. Until this runs, it's a valid pattern. What are they going to do?

'27, I think. '24, something like that.

Yeah.

Yeah. What are they going to do? They don't want you in it making that money. They have to bring hardship. Force everybody to be sellers. Pump the rates. The dollar might have a spike. Loans will get super expensive. People won't be able to pay mortgages. They'll sell all their crypto. They need you out. The only people they want riding the upside after a 2008, as I said, crypto hasn't faced it, and I'm calling it still to come. And I, and I'm on Bandal. I mentioned Van's channel as well, said they will kill it first before these big targets get made. That's the key point. The technicals exist until these targets get made. You've got to run this for this XRP target of $19 not to be valid.

And it could overperform beyond that, by the way, once it's done. But the amount of individual retail normies who will be in it might not be much in weighted terms. Why? Because we'll all be busted out on all the other attack vectors on our finances that you'll be forced sellers of your crypto just to make a dime, to make a rent check, to make a meal, to do anything.

Uh, [snorts] and that's how they want it because they want the institutions, the hedge funds, all the chosen, the statists to be primarily in. They're going to bring the elevator down to load up on the politicians and the political classes, and then it's going to go up with none of you participating in it on any meaningful level. That's what they want. We are here to keep you in it. And we've always warned that there will be a flush out, and that it's not, hey, by the end of summer it's $19. You got your triggering event. We took what we got. We had a final little mini HVF on the smaller time frame there, and we took that out. Then it looked soft. It went marginally higher for a while, and then we've seen bare market time. I don't want to sit in that. And guess what? It's, it's coming all the way back down at the moment. It's at $111. It looked like it was holding the $2 mark for a while. We said that they, that would fail.

[Knocks the mic over]

Uh, we said that would fail. So bull targets are still valid until they've been stopped out or timed out.

Our methodology has a time stop.

Yep.

And that hasn't been anywhere near reached. But people who expect straight lines to big numbers.

Doesn't work.

You don't see cycle. You can't play with us. You don't understand what we're doing.

You're still in the junior leads.

Yep. And XRP still has plenty of time. It's like silver. Just to bring up your silver comment, uh, about $300. You're talking about. I mean, so I know the $300 target you've, you've got, that's a multi, multi-year.

Pattern.

There's even a, you know, this, and everybody highlighting that head and shoulders. You got to remember, which is a different pattern. You got to remember that that goes back to the '70s.

Yeah.

And you expect it to play, take place in six months.

Unbelievable.

And in a straight line only, without pullbacks, the world to have no response. No moments of dollar strength where they back the agenda.

You have to understand there's forces. Even though some things have to happen, there will forces. There are forces in power that will seek to not have disorderly markets in any direction.

Yeah.

They will want to keep muddying up the water sufficiently that the impatient and the serfs and the undergrad lower schoolers, the impatient don't get to make the money on it.

Yep.

How do they do that? They just muddy up the water for a bit. Just pullbacks and everything, and everyone gets pissed off and runs off and looks somewhere else.

And then boom. It's like the bee that never settles on any one flower. He's hopping all the time for pollen. Stay on one of them. Look hard enough, smell, you'll find the pollen, get to mine. Every flower has one. But you need some patience. You need to get busy. You need to get stuck in and do some work. And you need to hang in, hang about. If you keep hopping from career to career because no one offered you a million-dollar starting salary, uh, you never get to build competence when you get paid.

Trading, investing, it's a hockey stick career. Ask.

You know, he spent most of his years as a millionaire only, you know, it's actually quite.

He was late in the. I want to check that fact. I don't want to misspeak, but you know, he became a billionaire. So it's not immediately.

Yeah, most of his time he was a centi-millionaire and a 10, 30, 50, 100, 500, 600, so it scales. It's a hockey stick, and that's kind of how you have to have the mood. You got to be patient. You got to survive the desert to get, you know, the fruit orchard at the other side. And desert straight into a fruit orchard. It becomes savannah. It starts to wetten up. You get a bit of marsh, and then you start to get trees with fruits on it as well. You know, it's these things gradiate. You don't just get bull or bear. You get basing out, lower volatility, settling down. You know, this is how the world works. So, it's not for the impatient. Uh, for all, all those that will post, "You said, you said, every crypto vid I get, there's someone, you said $19." Yes, I still say $19. In fact, I think it's going to go more when it comes. And there are others as well. So tokens will be big winners.

So I think, I think, I think summarize, Francis, I'm very mindful. I've just checked the time there. Time flies when you're having fun. Truly, I could talk to you all day long. We're looking at a bit of dollar weakness that sort of put a bit of pep back in the crypto step. It's also interesting that Michael Sailor came up with the money to pay the dividend during this period of dollar. It's all, it's all related.

[clears throat]

That's short-term. We're going to get that dollar strength that's going to dampen the crypto space, which technically looks destined.

That could come around CPI time.

Yep. The 14th.

But it could not. We could be wrong on guessing that. So, I guess the non-farm right, and the previous CPI would be bad, right? But maybe some of the oil price reductions will be in, and maybe you get a, uh, a lower than expected. It depends where they set the expectations on CPI. They're very good at accept, making a benchmark so that they can make it positive. So if the CPI is actually lower than expected, there's quite a big correction short-term on the oil coming off. You could get continuation of upside a little longer on crypto and gold and silver, for example, and dollar further weakness. But we've got an upside setup for the Japanese yen to 172, and on the Korean one. Uh, which includes probably an AI bust starting first in Korea, as a more narrow market and a less well-supported market. So watch those for early indications for the AI unwind. If the tech unwinds, that's the perfect

Holocaust fire to burn out retail crypto because people haven't seen a bare market of that scale. Remember the Litecoin chart I showed you? You just haven't traded that low.

Yep.

Since the 2017 market, you'll be unwinding three, two or three bull cycles of four years and going right the way back down. And some of those will never recover.

Some of those will never. People ask, "Why do we still have this token? Who's holding it up?" And they will have exited or sold on the way down. Those people will never come back, and they'll be burned in the process of that as well. So, uh, I do think there's going to be a clearing in crypto in any next demand-destroying event, particularly tech-related. Be careful out there if you're in the eccentric cryptos. There's some people which are HODLing things like, you know, Ren, you know, this stock, and they, and the charts are terrible. You think, "Well, it's got so small, I may as well just hang on." Well, if you don't want to value that money at all, and you don't think it can go to zero, be my guest. But you, it's not a, that's not a money management strategy. That's grim stubbornness and belligerence, and that will destroy you as both an investor and very definitely at a, as a trader with leverage.

There's a point where you say, "I was wrong on this. It's gone too far. Let someone else bring it back up. I can always buy back again."

Which isn't easy to do. But that, that, that's what defines a good trader from a bad trader, really, isn't it? Admitting when you're wrong and and dealing with it. Francis, mindful of the time. Where can we send people? We've spoken about this previously. There's going to be links in the description. Francis, where can people find out about you, what it is you do, and of course, if they want to join your community, do so.

So, we're very focused on the reset. You've heard a lot about how we speak, and in essence, I think it's going to be an impoverishing event. One of our most followed YouTubes on the Market Sniper in 2017 was discussing the polarization of society, uh, and how it's going to be really hard to be in the wealthy, well-sorted half, especially if you're not born gifted or chosen, uh, by, uh, the people who are controlling this agenda. Here's what you can do if you've realized you're not in their club. You need to build wealth so that you can lock in your freedoms. Many of those unfortunate rights are going to become pay-for-privileges. However, if you have the wealth, you can secure your lifestyle to a higher standard than those who don't. Being totally washed out and becoming ward of state welfare on a UBI, uh, surveillance system is going to likely strip you of many of your God-given rights and see you fall foul of many medical interventions and all sorts of other things. We are interested in living as long as possible, having a great life while doing it, and being a perpetual thorn in the side of statists that want to run a technological surveillance grid. It's my intention to live long and to be obstructing them as often as possible and helping others to do the same, and having a great lifestyle doing that. The Market Sniper is our primary channel. We also have the Crypto Sniper where we discuss crypto aspects. Underneath there, you can book a call, learn how to build your wealth using HVF method and other techniques, understanding why reset finance is totally different to normal finances, 60/40 portfolios, and everything else your traditional IFAs will throw at you. They sell you what makes them money, not what's best for you. They're truly interested in helping you build that wealth, preserve that wealth, and secure yourself optionality across jurisdictions, which means you have a holiday home outside of the West that you've grown slowly more familiar with on multiple visits. You've got a great tax profile there that might work in your favor eventually if you leave your home nation, and doing many other things that will give you great options in a world-goes-bad scenario. Unfortunately, the West is on a terrible trajectory, and staying static, living in the West, and not having options and not building wealth are the worst things you can do. If that message resonates, go and subscribe at one of those YouTube channels, book a call, and have a chat with us. Thank you for having me on, Robert. It's been great as always.

The pleasure truly is all mine, ladies and gentlemen. Mr. Francis Hunt, you know what to do. Go and check him out. We absolutely recommend him. That's it from us, and we look forward to seeing you all in the next podcast. Thanks for watching, guys. See you all soon.

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Crypto's 2008 moment is coming...

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