The Market RESET Just Happened  XRP HBAR SUI XLM & More! - video Dailymotion

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00:00the entire market just sold off and this is actually very very good i know that it sounds

00:06crazy to say but this is exactly what we actually wanted to see on bitcoin before we get that

00:11continuation and yes when it comes to the market the entire market will sell off with what bitcoin

00:17or even ethereum does especially at a time where dominance is as high as it is now if we take a

00:23step back we're looking at this on the daily there is some lovely discounts out there for some great

00:30projects obviously you know a few of these old coins are down a little bit more significant than

00:34others because of course there's outliers on the run up and even on the drops to the downside the

00:40main thing that i'm actually looking at here is just our typical few that we talk about xrp down

00:45about almost four percent h bar also down a pretty significant amount about roughly four percent as

00:52well algo five plus percent uh chain link down about six percent xlm down about roughly five

00:58percent so the average around you know these old coins right now is about like roughly five percent

01:02so it's not a crazy drop it's not a crazy crash or anything like that but i do think that this is

01:09resetting the market so this is basically the beginning of the sentiment being shifted uh this

01:15is what the one week still looks like again there's still a lot of great gains across the board on the

01:19one week and again even on the one week you can kind of see that most of these old coins are really

01:24not down that much like xrp is down 1.7 on the one week and uh if we look at the list right now

01:31bitcoin hovering around 116k ethereum around 3700 xrp around three dollars and like two cents roughly

01:38and then the rest of the market in terms like sui xlm and h bar they are still hovering around

01:43uh like the support zones that we were looking at so sui like three dollars and sixty some cents

01:49xlm roughly about 40 cents and then h bar around roughly like 25 and a half cents

01:55but again on the weekly like if we think about this this recent move is really not that concerning

02:03because bitcoin and even ethereum are still up on the weekly uh xrp down 1.8 percent on the week

02:10if we look at sui sui's actually still green on the weekly xlm down about 3.9 percent and then h bar

02:16is also still up 8.3 percent on the weekly so this recent move is not that concerning now do i think

02:24that it's going to get a little worse yes i do think that this is going to get a little worse

02:29um we'll talk about why but this is all a part of that plan that i told you guys about right

02:34the main thing that i was talking about for i want to say like almost two weeks now right we

02:41have been addressing this bitcoin retest of 112k retesting the previous highs back in may and after

02:50that we will get that nice little floor formed and then we'll start to have that big break back to

02:55the upside now the main thing here is how long do we have to wait for all of this to play out

03:00i said two weeks right i think that the beginning of august is still going to be pretty boring

03:06maybe even get a little bit more downward pressure on bitcoin um so the main focus here is for two

03:13weeks some boring maybe even some negative price action and then towards the end of august we should

03:19start to really rebound and break back above 120k plus targeting 130k plus for bitcoin um it also

03:27aligns with the fomc meeting upcoming in september as well so bitcoin no major change this is why i

03:34kept telling you guys to focus on the daily candle closes because the second that we lost 117k

03:38and the second that we start to actually kind of wick down below some of these other wicks or even

03:42get the daily kind of close like we did that signals that we're going to see that big drop down

03:48to 112k so far it's been 114.3k we bounce back a little bit and this is typically how sell-offs do

03:54happen right like we start to see that long extended pathway to the downside now just like

04:00back in may right we get that nice run up we chopped we continued to chop and then we finally

04:05broke out this was 48 days so far since that high wick it's been about roughly 18 days i think that

04:11it's going to take a little bit of time for us to actually you know build a floor and probably even

04:15hit that 112k level so i would give this and i even said it um in a live stream recently i said you

04:22know give it about like 30 some days you know that aligns with like the middle of august by this point

04:28we should already have that floor formed and we should start to have that rebound to the upside

04:32watch for a loss of 112k though if we lose 112k this can get a lot worse very fast so i'm expecting

04:40112k to hold i'm expecting us to kind of just build a floor around that level and um again this is why

04:46you know kept saying to also stockpile some stable coins as well just to prepare for any volatility or

04:51any major move to the downside we knew that a move was going to happen on bitcoin because we just kept

04:55chopping and chopping and chopping and hey i'm fine with this being the outcome because even if we go

05:01back over here to the crypto market um and let me just refresh this real quick so 3.79 trillion dollars

05:07for the market cap of crypto fear and greed down to 57 this is what we want this is healthy for the

05:14market because for the most part we have been seeing a lot of people getting excited about old coins

05:19moving it really kind of started you know towards like the middle of july everyone was getting a

05:26little excited here everyone was very confident about calling old season even set even though i said

05:31that we're in phase two we're in the beginning of phase two so we're not yet in old season but

05:35everyone was so excited all the old coins are moving and now this is resetting we're back down to

05:4157 we're almost in that neutral territory um and we really want to see this hit about like 40 or so

05:48getting getting this as low as possible is always bullish for us it kind of reminds me back here

05:55right like the markets were overcooked back in march of 2024 and then we needed that reset we reset and it

06:02took a few months i mean listen it took six months for us to finally get back down into like the low 20

06:07region we don't need to get down to the 20 region i'm fine with like 55 or even 50 um but you know

06:14after that time we started to rebuild confidence and then by november again markets were overcooked

06:21towards the end of november the sentiment started to shift a bit and then by roughly like the end of

06:26january we were back into the fearful levels almost so when we think about this you know this is very

06:33good for resetting sentiment i think that this recent move did do just that and even with bitcoin

06:39right like we had this nice little sell-off initially back on the 30th but this is you know

06:44when we got the fomc meeting obviously everyone was a little bit panicked because what we kept hearing

06:48about from the fed was we don't know about a september rate cut even from cnbc we have market

06:53seed dwindling odds of a september interest rate cut from the fed and even if we go to cme group

06:58you know the the odds are down to like 41.3 percent am i concerned no i do think that we still get a

07:07rate cut in september i think that as we do inch closer to the september 17th date we're going to

07:13start to see the odds of a rate cut really kind of starting to surge back to the upside um right now

07:18i think everyone's really kind of seen what happens next they're trying to guess what happens next

07:24we keep hearing this uncertainty around the fed especially around fomc you know the fomc meeting and

07:31what's going to happen next because again you know during that fomc meeting what we heard from the fed

07:36wasn't really that confident about rate cuts and around the economy you know he kept saying that

07:40you know the economy's so strong so there's no point to cut rates right now there's a lot of

07:46obvious factors on why we should be you know cutting rates right now but again that's what the fed does

07:51they hold off until last minute that's why i'm expecting september october and december for the rate

07:56cuts the market itself i mean listen today was not a crazy bad day uh we look at the monthly for

08:03ethereum i mean we're still up 53 percent xrp on the monthly still up 38 percent yeah we are hovering

08:10around three dollars is it that concerning no not at all this is what the seven day looks like this is

08:15what the daily looks like if you're looking at the lower time frames sure you might get a little scared

08:19but if you zoom out this is healthy price action sui as well you know on the monthly looks fine

08:26on the yearly looks fine in fact we just created a higher high on this chart xlm again on the seven

08:33day it's down about 4.5 this is what the one month looks like again it's a little bit more of a rough

08:37view on the monthly but we're still up 75 plus percent and on the one year again the price action

08:43looks fine here we just hit you know higher time frame resistance back here to like january or so

08:49and now we're just kind of having that you know sell off a little bit hbar no major change at all

08:54with hbar we're still up 75 on the one month on the one year we still look very good so i'm not too

09:00concerned at all with you know crypto currently i do think that like i said we we get a little bit

09:05more pain and the reason why i say that is because of how stocks look right i'm still expecting a

09:12sell-off on stocks we've been hearing talks about the tariff war and you know the trade deals heating

09:18up again for an example here we have from scott percent he says not to panic over tariff rate

09:22searches on august 1st because again tomorrow well technically today you know we're going to hear

09:29more talks about tariffs and things like that we have if there's not a deal by august 1st i would

09:33encourage market participants corporate america even the country's not to panic because you can

09:37still do a deal and with this right we did get an update from trump he's raising tariffs on canada

09:45to 35 from 25 we also got another update regarding all of the new tariffs we have canada taiwan new

09:52zealand switzerland cambodia turkey venezuela south korea israel uh sri lanka and the list goes on

09:59but regardless of this i'm not too concerned at all with the tariff war or the trade deals

10:05um a lot of people are now saying that this is going to cause that mass panic again from like

10:10january all the way through the year up until like roughly may um and they're saying that the market's

10:15kind of cooked for a bit i don't think that it's that concerning at all i don't think that this is

10:20going to cause like a massive crash like it did back here um but i do think that it will cause a

10:25deeper sell-off on stocks which will definitely impact crypto but even if we look at the pre-markets

10:30right now you know the dow futures the change here is 0.07 percent the change on smp is 0.09 percent

10:39nasdaq is 0.13 percent so this is nothing at all the markets are not concerned um we'll have to see

10:46what happens obviously with the market open but right now most of these charts look very good still i

10:53mean even bitcoin you know as long as we're holding above 112k i'm totally fine with it

10:58with ethereum you know so far we've gotten a nice reaction off of the support zone on the daily around

11:043620 if we lose this very similar to bitcoin we will most likely target this next level around like

11:103300 dollars um and we potentially could go a little bit lower but you know regardless of that

11:15i'm not expecting like a much deeper sell-off here even with xrp so far xrp has held the uh previous

11:23you know major levels here on the chart this is the lows you know we did wick below it it's not that

11:29extremely bullish to you know see this but if we look at the weekly we're still holding these highs

11:35from february march i would like for us to maintain these highs if we do lose these highs the next target

11:41here would be around two dollars and 62 cents i just want you guys to understand that and be

11:45prepared for any significant price action like that um it's like a 40 cent drop on xrp is that that crazy

11:51to see not exactly and it would be enough it would be another buying opportunity for us if you really

11:57wanted to add more you know xrp to your portfolio that would be a good time to really kind of look into

12:02it um but outside of like xrp xlm you know doing exactly what we wanted it to do anyways it's in the

12:08blue zone aka the demand zone it's retesting those uh highs from back in march this is also areas where

12:15we we have seen resistance form as well so i would like for us to actually maintain this as the low

12:20in terms of hbar again just major sell-off from the red zone yet again and uh so far we've been

12:26really looking at the 24 sentence zone to really kind of be the major level to hold on hbar i'm still

12:32going to be watching this closely we might get a little wick below this or so but you know i'm watching

12:37for this to hold and then with suey suey's doing exactly what we wanted it to do anyways and um i'm

12:43not watching just for this thing to officially bottom out we might tap this trend line perfectly

12:47uh on this three day or maybe on the next one it would be around like three dollars and like 44 cents

12:53before we get that inbound uh you know move to like 550 or so but across the board i'm not too

13:00panicked i'm not too scared i'm not even you know worried at all uh i think that this is just a

13:05typical pullback and everyone's kind of making a big deal over what the fed does next over the

13:10tariffs over the trade deals i think that this is just a lot of noise right now um all we have to

13:16really do is get through august and we'll be fine especially considering the fact that i do believe

13:21that in september we get the rate cut i think that the odds are going to surge significantly as we do

13:26get closer to september 17th and i think that that's going to unlock a tremendous amount of

13:31liquidity for the markets this or even higher leading into the end of the year so to summarize

13:37things don't get scared don't be worried at all you know if you did listen you should have some

13:42stable coins on the sidelines for some of those deeper buy opportunities if we do see it uh tomorrow

13:47stock market open will definitely be very important to watch but outside of that i do think that the

13:53next two weeks will probably be a little bit boring maybe a little bit negative um but after that the

13:58next two weeks after and going forward should be pretty positive so with that being said i hope

14:03that you guys enjoyed this video if you guys definitely will like subscribe notifications on

14:06because i'm a free content you guys are more than welcome to follow me on twitter and join the free

14:09discord description below and with that being said guys it's been nick thanks for watching peace out

The Market RESET Just Happened XRP HBAR SUI XLM & More!

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