Can a Soft CPI Offer Crypto a Springboard? | Trading the Markets

21:49Bijan Maleki:They bought a thousand NVIDIA GPUs. They're using all of their historical drug trials and studies going back over 100 years to train their own private AI models to help sort of rapidly increase the time it takes to do drug research and research and development. And so they're in AI. They're as much like an AI company as they are a pharmaceutical company. And I think that they're doing really cool things and they need to be acknowledged for that. So I think that this is something that's going to do well for a long time going forward. So yeah, even if you bought now and it corrected back down to even the 20 day or even the 20 week for that matter, I don't think you'd be bad off.

22:36Bijan Maleki:I feel like this is one that even if it did do a real solid mean reversion right after you bought, yeah, it sucks you'd be upside down for a minute, maybe a week or two, a month at worst, but this is something that's just gonna keep going and keep grinding upwards for probably the rest of the decade for that matter. So like, it's like, yeah, of course you want to be tactical and get the best entry you can, but is it really going to be the end of the world if you buy at whatever, 1130 versus 1030 in the end? Probably not. So kind of think about that too. Don't, don't kick yourself if you, if you buy it and it goes down five or 10 % in the, in the short term.

23:12Bijan Maleki:So yeah. Yeah.

23:14Kris Bullock:So there's not one like you would look at for like a swing trade type of thing. This is more like a buy and kind of hold.

23:21Bijan Maleki:It's a buy and hold. It's more of like, I would look at it as more like an AI portfolio anchor position because it's a big market cap. It's over a billion dollars. I mean, over a trillion dollars rather, excuse me. It's over a trillion dollars, but I think it still has multiples in the tank. Because if you look at something like Nvidia, that's a four trillion dollar market cap. If you look at something like Apple, it's up around three. So I'm not saying this has got a 10 bagger in it, but like, this is something that you could easily see two to three X over the course of the next two to three years or four years, you know?

23:52Bijan Maleki:Um, so to have that be like a core portfolio anchor and still know you've got those kinds of multiples in the bag, I feel like is, is a really solid, solid approach there. And so, um, this is something that I would feel comfortable with going into with even a decent amount of size, like a pretty high weighting, you know, because of its low volatility, because of its super high upside, because of what they're doing and how they're innovating, because their AI narrative also, and because also on top of their AI narrative, they're absolutely crushing it from the pharmaceutical standpoint with the GLP-1s.

24:26Bijan Maleki:They're making all these amazing GLP-1s that are just, they're raking in cash from the GLP ones and they're using it to fund and build out all this data center, this AI stuff with it. And so they've got, they're not even having to borrow money to do this. They've, they're, they're flush like, like the hyperscalers are flush and the GLP ones aren't going anywhere either. So they've got multiple amazing kind of revenue streams that are just, you know, helping to propel them. So, um, yeah, solid, solid stock for sure.

24:57Kris Bullock:all right so there you go walk jive don't kill yourself if you miss it especially if you have a long-term time horizon on this one as chris so eloquently stated that you should um all right chris let's start let's dive into some of these uh these alt charts i have a feeling they're probably we see one of them we'll probably see all of them um but why don't we uh why don't we start with ETH because BlackRock very famously sold a whole bunch of Bitcoin, I think$230 million worth of Bitcoin and bought ETH with it. So what are they seeing that the rest of us are not?

25:44Bijan Maleki:I mean, I'm sure they're kind of holding on to the idea that tokenized assets, tokenized equities probably are going to make their way onto Ethereum in some form or another. But I'm not there yet in terms of, I'm like, even if they do, there's no way that's going to make it onto the base layer. It's going to be on a layer two, and that's not going to accrue a whole lot of value back to the base layer, the base token. So where is the accrual to the Ethereum token itself going to come from, even in that scenario? So unless Ethereum wildly restructures their network and goes back to some kind of monolithic architecture, I don't see how that's a boon to the Ethereum token itself.

26:28Bijan Maleki:So I'm a little iffy on that thesis, but maybe they know something I don't. I don't know. Regardless, again, just like Bitcoin broke down through its major support level. It's in a new sideways structure well below it. In fact, it broke down through significantly more. I think its 20-day is also below the support level, whereas Bitcoin wasn't quite there yet. Its 10-day had barely just poked through it, but its 20-day was still well above it, whereas Ethereum, well below both. So well below for both. Again, it's probably oversold just like everything else is, but it's got to make it all the way back up to 19, what is it?

27:08Bijan Maleki:1939, just to get back up to this resistance level that it broke down through. So Ethereum, yeah, no, like just no, I'm not, I'm not anywhere near Ethereum or Solana or SWE. Like, let's just kind of look at same thing. I mean, these are all going to be identical. Like you said, um, very much broken down through both moving averages, broken down through super ugly, honestly, not going to lie. SWE same, oops, same deal. Hold on. Didn't mean to move that. Same deal. Not quite as bad as the other two, but still a breakdown. Probably not quite as bad as the other two just off the back of this bump that it had from the conference last month.

27:47Bijan Maleki:But really, it's given back all of that and then some. So it's, were it not for that conference bump, it would be down just as far as Solana and Ethereum would be, obviously. So yeah, again, I'm not there with SWE either. It's funny, Tron remains one of the ones although it it took a beating here to be sure so i'm not loving this either but objectively it's better in that it is above both uh you know it's it's 20 sorry 200 day moving average cloud and it's 20 week moving average cloud and the rsi got fully fully flushed back out so and it's a d mark 9 here so if anything tron might be a decent by the dip opportunity here because it fully flushed out but still held support on that 200 day moving average cloud as opposed to being, you know, leagues below it like everything else.

28:37So this one is kind of

28:38Bijan Maleki:interesting to me. Also, this RSI flush is interesting to me too. So yeah, I want to see how that resolves. That's one. XRP, same as the others, breakdown through, BNB. BNB held the line, which is, I guess, a little bit constructive, but I'm not jumping into BNB either. I mean, it still got rejected off of its 200-day cloud. So it's slightly higher relative strength, you could argue, than the rest of them, but still nothing special here. Near is one that we talked about last week. Near, obviously, that's a very different picture than what we've been looking at here in these recent charts. So huge run up, not a great-looking bearish divergence in terms of the first peak RSI peak here.

29:27Bijan Maleki:We also had a DMARC9 here, and then we had a subsequent combo 13 here with a lower RSI here. So this was exhausted. This was due a pretty big correction, which we got, but it also held the 200 day moving average clouds. So near looks okay. Its RSI looks to have been flushed out a good bit too. So maybe this is a decent buying opportunity for near. I say this with, again, the caveat that we talked about at the beginning of the show. We've got a lot of time here and we don't know what near is going to do near. Sure. It's got a bit of a narrative right now because of the AI stuff with the AI agentic stuff that it's doing.

30:08Bijan Maleki:But that doesn't mean that this is going to be in a is going to hold a solid uptrend for the next three months while the rest of crypto bleeds out. So, yes, this looks good in this moment, but be very careful with this. Don't think that this is something different than everything else, even though it sort of is technically in this moment. I don't think that it's got the same... I can't put this one in the same category as I would Hyperliquid or Venice. There's not loads of cash rolling into Nier in the same way that there is with Hyperliquid or Venice. So this is more narrative-based. This is constructive, but just be careful with this one.

30:45Kris Bullock:So a quick break in your regular programming. If you're serious about your future, grab my free report called Prepare for 2030. I think you've got five years to make as much money as possible. And this guide will help you navigate what's coming. The link is in the description. Download it now. Let's talk about before we move on to some of the others. Let's look at a chart that might look significantly different, which is Zcash. So just for some background people, I'm sure you're all aware. where Anthropics Clawed found a critical flaw in Zcash's orchard-shielded pool. So basically, the bug that was found allowed unlimited counterfeit Zcash to be minted.

31:30Kris Bullock:It was disclosed on June 5th. Zcash dropped quite a bit since then. But then developers moved pretty quick to create an emergency soft fork, which was followed by a hard fork. And then we've seen Zcash go up as much as 80 % from the lows that we saw last week. So let's see where they're at now and how the chart's holding up.

31:56Bijan Maleki:I think it's important to clarify that while this exploit was discovered, there's no evidence that it was actually exploited. There's no evidence that there was unlimited amounts of unknown Zcash actually minted. I guess so there's that which I think is largely why we're seeing this bounce here because it was more yes it was real of course but it wasn't actually exploited as far as we know unless somebody's sitting on the side for two years with a with a bank load of zcash that you

32:28Kris Bullock:know I mean there's always private that it could be possible it zcash one thing it's proven is that they do what they say they do. So I guess, you know, some solace.

32:41Bijan Maleki:It is worth saying that there's no cryptographic way to prove one way or another if there were Zcash minted or not in this scenario. So I don't know. People I think are, maybe they're going on faith here, but here's where we're at. So yes, big, huge, I mean, massive wick down. I don't know if you can see this, but I'll kind of highlight it with my highlighter here. It went all the way down to here, all the way down to like this, 250 level, it got basically at one point. It's since had a huge bounce. I mean, even on that same day, it recovered, you know, the overwhelming majority of that, two thirds of it.

33:18Bijan Maleki:It's bounced since then, obviously pretty big bullish divergence off the back of that because of the big bounce. So clearly the market isn't too worried about it. It kind of held support right in these moving average clouds, which you could say is noteworthy also. It was also pretty overextended too. Maybe it needed a mean reversion and it got that and then some. So I don't know. I mean, obviously, I'm not going to say this is a buying opportunity because there's the issues that we just talked about and nobody can know whether this is going to be a problem going forward or not. Certainly the KOLs, I've seen plenty of people posting on X, the big KOLs brushing it off like it's nothing and calling everybody fools for freaking out.

34:06Bijan Maleki:And of course, they're going to do that. So that's up to you if you want to believe them and sort of follow the price action and jump back in here. But taking that out of the equation for a minute and just looking at the technicals, I like the fact that it bounced here. I like the fact that it's holding up. It almost fully engulfed this. Well, technically it did fully engulf this big dip. Now it's back down since then. It did get rejected off of its 10 day moving average, but it did reset the DMARC count and the DMARC count is still technically a setup count to the upside despite setting a lower low here in the last two days.

34:45Bijan Maleki:So it looks decent from a technical standpoint in terms of like the worst is over. And, you know, you might be in for a decent discount here. But obviously take that with a huge grain of salt because we don't know. The exploit is, you know, puts a huge cloud over the whole thing for sure.

35:11Kris Bullock:All right. It's funny that you mentioned like the KOLs talking about it because as I was preparing for the show, There's one KOL in particular that came up on Zcash, NIR, and the coin that I want to go to next, Hyperliquid. So Citrini Research just came out and explicitly called Hype a buy, named it as one of the only crypto assets with a real cash flow profile. mile. You've been following this show, God, for like the last year now. I think you would have known that as well. So let's look at hype. It had a very public dip recently, hitting above$73 and then falling what? So I think$55, maybe even hit$54.

36:05Kris Bullock:I can't remember exactly. It's right there now. So what's it saying right now to us, Chris?

36:11Bijan Maleki:So a couple of things I want to point out here, and this actually came up in the Discord yesterday or the day before, we've got a bit of a head and shoulders pattern here that's formed, kind of like yay, like so. And this is very much, this is real, this is a thing. Also, a big cluster of DMARC9s and 13s right here that marked this peak here. We had a comp, no, I'm sorry, a sequential 13 here that flagged, that's kind of marked this head peak, if you will. And then it's been in a downtrend ever since. Right now, we're at a setup count seven on the daily timeframe. So this is for sure a rollover.

36:52Bijan Maleki:I mean, price is now below both moving averages. We're probably a day away from the 10 day crossing back down below the 20 day, which would be the final checkbox in a daily trend reversal. But I think it's important to look at the weekly timeframe on this asset because look how far above, how overextended it was above just like the 10-week moving average. Like at its peak, I think it was upwards of, well, let's go to the 20-day, 47 % away from the, 46%, 47 % from the 20-week and about 35 % from the 10-week. And so that's a pretty big deviation. I mean, it was way, way deviated from it. Normally, it just kind of has been riding it up, riding it up, pretty close to it, sticking pretty close to it.

37:38Bijan Maleki:Then we got this huge mega candle on the week of May 18th, and then another big candle the following week that was up another 15%. And even actually, even in the next candle, it poked a little bit of a higher high too. So it was very, very overextended on the weekly timeframe. So even despite that ugly looking daily head and shoulders pattern that I just pointed out on the daily, we still haven't really come back down to even the 10-week moving average. So you could argue that that head and shoulders pattern, that reversal on the daily was kind of almost needed, you know, like we needed to get that reset.

38:13Bijan Maleki:We needed to get that mean reversion to kind of come back to earth a little bit and maybe touch this 10-week moving average, you know, before running back up a bit. So when I look at this on the weekly timeframe, I'm not really worried about it at all. Like, I think that that was a healthy correction. I think we're undergoing a healthy correction. And I will not be surprised one bit to see it come back down and touch this 10-week moving average. And then it's, you know, off to the races again. So I'm not really worried about, yeah, it's big, but it's big because it was so overextended to begin with.

38:45Bijan Maleki:And so when you get this far over your skis, you, you know, it's a long way back down to the ground. And so like that's what we're seeing here playing out on the daily and the weekly. So I think Hyperliquid is OK. It also tracks with kind of the larger correction we're seeing in other markets, which hopefully we'll have time to get into a little bit later here. But yeah, I think nothing really fundamentally has changed with Hyperliquid. I think the narrative is still there. Clearly, they're still raking in cash, like what you just said, Bijan. So Hyperliquid is fine. This is good. I think this is going to turn into a buying opportunity more than anything.

39:21Kris Bullock:Yeah, Coindesk recently reported as well that Hyperliquid is beating Ethereum in trading volume on some days, which is wild. All right, let's – do we check on Venice? I can't remember if we pulled up the Venice chart and saw what they were up to because they had a pretty big dip as well, I think, recently. So let's see how their chart's doing.

39:49Bijan Maleki:Same kind of thing. pretty much pretty, pretty easy technical though. You know, DMARC9 on the weekly kind of right down to its 10 week moving average, a little bit ahead of Hyperliquid in terms of its correction. It wasn't as overextended to begin with, but it was still, it was, it was heated to be sure. I mean, well, let's see, let's see exactly what it was. So at this peak, it was, oh, actually from a percentage standpoint, it was actually more. In fact, it was like just to its 10 day, it was 48%, and then to its 20, I'm sorry, 20-week rather, it was 64%. So it was indeed more overextended than hyperliquid.

40:27Bijan Maleki:So not surprised to see this either. Same exact dynamics that we're seeing, basically. I feel good about this, though, because if we look at the RSI, we're not seeing a bearish divergence on the RSI here. It's tracking well, it's tracking with the price. So there's still momentum in this, in this chart right here, even though it's, it's correcting, which again, it needs to like, let's see what it looks like on the daily. Kind of a similar, not a head and shoulders per se, but still a choppier, choppy bit, you know, kind of just like the hyper liquid also at a D mark seven on its daily setup count, which is probably not a coincidence.

41:07Bijan Maleki:They're, they're kind of the same in that regard. So I would put the two from a technical standpoint, very much in the same category. It looks like they're both more correcting from just technical dynamics than anything to do with their fundamentals at all.

41:21Kris Bullock:You know, one thing I like about Venice, just from like, just outside of the technicals, just like from, I guess, what they actually do is like, it's a private AI inference. So like your prompts stay on chain, censorship resistance. And I think like that part flies under the radar as like you see more of the government kind of getting involved with some of these major LLM players. Something like a Venice now becomes, you know, with the rise of the privacy coins, like I could see something like Venice also catching on that narrative in addition to like the AI stuff. So that's really cool about Minus.

42:04Kris Bullock:Speaking of AI, a new, I don't even know how new this is, but I just saw it on the market cap, which is Beat, B-E-A-T, Audiera. So it's a Binance-backed coin, or it's on BNB chain. So it's an AI music and gaming platform on BNB. so users can earn this coin through AI-powered music creation and some type of gaming. So this one's up like 1 ,000 % in the last 30 days, which is wild. I wouldn't say buy this, obviously, but I just wanted to know what the hell is going on with this coin.

42:48Bijan Maleki:I mean, yeah, like you say, it's completely ripped. It's gone from under a dollar or wherever. you know, um, up to$6. Funny. It's only at a D mark eight on the, on the daily setup count, but yeah, I mean, it's, it's, it blew up massive. Um, you know, like we say, we know not to chase these funny though. The, I like how the volume was just, you know, nil basically until whatever, a few weeks ago, uh, or a few days ago, rather. Um, yeah, I don't know. We, we know the deal with these these are these are just kind of funny these are lottery ticket kind of gambling fun whatever something that you put lunch money into but uh not much else beyond that i don't know what's going on with it though i don't know anything about the token or the project but

43:38Kris Bullock:that's funny it apparently got a binance alpha listing uh and that is that's why uh it it just all of a sudden just started ripping out of nowhere because like you said like look look in at what the beginning of 2020 like heading into 2026 look at those volumes and then literally nothing up until like earlier this month that's

44:03Bijan Maleki:funny though because the Binance alpha listing isn't even like a full Binance like centralized exchange listing it's like it just means you can trade on a DEX on the Binance platform, but it's not actually using like the Binance order books or the centralized liquidity or any of that stuff. It's still, it's still, you're trading on a DEX, kind of like how Coinbase uses Aerodrome behind the scenes to trade stuff on base chain, you know, like with, with certain assets, they're not fully listed on Coinbase, but you can still technically use the Coinbase app to trade these DeFi tokens on a base chain using aerodrome behind the scenes same thing with a bitcoin or a binance alpha listing so not to me that's like yay whatever who cares but apparently apparently people love it and and bought in on

44:53Kris Bullock:that based on that so that's funny to me yeah i mean i i there was a period where like my youtube algorithm was just showing me all like these ai music mashups of like you know old school like songs mixed with new school beats it was pretty good but um and anyway uh chris so there's something trending on x right now uh because crypto is obviously um not doing so well so a a trending question that's been going on is what crypto would you touch right now so we went through a bunch of charts and i know there are a few that you like right now right there are more that we're definitely ifeon but if you had to pick just one of them right now that you had to buy uh which one are you going to pick based off of the chart that you i guess feel the most optimistic about

45:47Bijan Maleki:um i probably would go back to venice venice or hyperliquid honestly i really i i just i'm not seeing anything else in the crypto realm that makes me want to go anywhere near it. And maybe not even, I would wait too, because both of these are sitting at a seven. Maybe they got a couple more days before they're fully exhausted. In the case of Venice and Hype, the only reason I said Venice over Hype was because on the weekly timeframe, it was already at its 10 week moving average, whereas Hyperliquid still had a little ways further to go. So that's literally the only reason why I said the one over the other.

46:21Bijan Maleki:But that's pretty much the only thing I would even consider buying right now, honestly. Can we just look at Per? Oh, sorry. Go ahead, Anastas. No, no, I was going to say, because again, they're the only thing that are just, they have a narrative outside of crypto. They have true either AI and or TradFi connections, and that's what they're benefiting from. And they give money back to the token holders, like in a big way. So, yeah, let's look at Per.

46:49Kris Bullock:Yeah, because I'm wondering about Per in particular, because there was a, obviously it's a beta to hype, right? It's a digital asset treasury on hype, but I'm not sure anymore if it's like the beta that we were hoping that it would be. But, well, let's see at the chart. No, you're right. It's not. The deal with holding these betas is it goes up more when hype pumps, right? And then it'll obviously go down less when hype dumps. But I don't know if it's going up that much more than hype to make it like worth that risk reward. Perfect. Yeah. Perverse hype. That's the one we need to see.

47:21Bijan Maleki:I mean, it's basically tracking sideways, you could say. It is higher beta because there is clearly some oscillation here, but it's not losing out either. I honestly think it's pretty even, you know? Right. It catches up well. I typically have seen a number of instances where, say, like over the weekend, Hyperliquid would go up whatever, 10%, 15%, and then Monday rolls around. And like here was an example, Monday came around and per jumps up 15%, you know, so it generally tracks well. We know Hyperliquid itself is in a bit of a contraction right now. So not surprised to see this. It's not really any worse.

48:08Bijan Maleki:I mean, just like the Hyperliquid token, it's still just a tick above its 10-week moving average. So it's largely the same. I feel comfortable continuing to hold it personally. It's easier because we still don't technically have access to the hype. Well, no, I'm sorry, we do.

48:27Kris Bullock:That's kind of why I think Perr might have lost some of its luster, right? Because you could buy it as a stock, whereas it was a little more difficult to buy hype. But then once hype listed on Coinbase, I don't have any data to back this up. But I feel like that's kind of when the outsized returns stopped happening.

48:46Bijan Maleki:Perhaps, perhaps. I think the one distinction, though, is you're still not going to get institutions coming on Kraken or Coinbase to buy Hyperliquid. They're still going to, they have an easier way through Per to do it because they can do it through major brokerage accounts, OTC in size, you know. And so, yeah, I still think Per is viable in this scenario. I think it's just undergoing a correction just like Hyperliquid. It's not that far deviated from it. and we'll see. We'll see how it goes, but it looks okay right now.

49:20Kris Bullock:Yeah. To just follow up on my question that I asked you, I would also pretty much be a hype only buyer here in crypto. So Combs, he had a question. I mean, we answered this at the beginning, but just to kind of repeat it because I'm sure a lot of people are going to be thinking about this, especially with these levels. Chris, how do you feel about DCAing into top quality coins like Bitcoin and ETH. These aren't going away anytime soon. So wouldn't it be a good idea to nibble some buys or do you wait before it goes fully into a bullish structure?

49:58Bijan Maleki:Honestly, the only one right now is Bitcoin for me in that setup. I feel like the other alts, the big layer ones, there's still a lot more uncertainty surrounding them. They could easily go down significantly more than they are. like sure if you're DCA and you're continuing to buy lower and that's fine but because of like I because of how I illustrated the time the timing ban that we're working with at the top of the show I have I feel a lot better of about where Bitcoin is going to be in three to four months than I would about where Ethereum or Solana or SWE is going to be in three to four months I agree that they're not going away but that doesn't mean they can't still go down significantly more than Bitcoin in that time span.

50:44Bijan Maleki:And so, yeah. And even, like I said, even with Bitcoin at the top of the show, I don't know that, I mean, I could just as easily make a case it goes down another 10 grand too. So yes, DCA, but don't think you got to get it all in right away. Like scatter that out. I mean, make your buys a month apart, you know, or weeks of every couple of weeks, throw a few chips in, You know, don't feel like you got to do this every other day or anything like that. Like really, really stagger it out a long time because I am, I am, I'm not certain. I'm never certain of anything, but I think there's a high, highly probabilistic scenario where this takes three to four months because of the reasons I illustrated at the top of the show.

51:30Bijan Maleki:I just don't see a mechanical situation where we're, we're going to be off to the races sooner than that. And so you've got a long time to spread out those DCA buys. And there's a very real possibility that we could dip into those lower ranges between now and then. So I think it's way too soon to be jumping on ETH or Solana or SWE or XRP or B &B or any of those big ones. Yes, they're not going away. I totally agree. But they also are not done bottoming either, I think. And so, yeah.

52:02Kris Bullock:Well said. Thanks for the question, Combs. Can we have a look at Derive DRV? Question comes from KBC.

52:13Bijan Maleki:I'm assuming this is a crypto, yes. Okay, let's see, Derive. Hold on. Is this brand new? Let me see if I can find some.

52:22Kris Bullock:Not yesterday.

52:24Bijan Maleki:Maybe it was a, I'll look at it on a Dex and see if we got more chart, nope. Try one more thing here.

52:32Kris Bullock:KBC, what is Derive? If you are... He's responding. They're responding right now.

52:43Okay.

52:44Bijan Maleki:Here's some price history.

52:47Kris Bullock:Options exchange listed on Kraken.

52:52Bijan Maleki:Oh, okay. I mean, fair enough. It's above its 200-day moving average cloud, so credit where it's due there. it's not blowing anything out of the water though either. And, and arguably it's above this cloud because it's so new, you know, to like that, that cloud didn't really even appear until halfway through last year. Whereas a lot of these other ones that, you know, unfortunately they had a long, much longer trajectory. So it's harder for them to be above it, but it's mainly plotted sideways. I don't know, like without knowing anything about the project, I'm not too taken by this chart, I guess.

53:39Bijan Maleki:I don't feel like it's got a ton of strength. I mean, the RSI has just been sort of hovering in the middle for, you know, a good chunk of whatever the past year. I mean, price has been hovering in the middle, too. Like, if we look at the Bollinger Bands, there's not a lot of volatility. It's really been tight bands with a couple of, you know, breakouts along the way. But outside of that, it really is just sort of plotted sideways. You know, we had another breakout here, but then again, it's just plotted sideways. So this tells me there's not a ton of, there's just not a ton of activity surrounding this chart.

54:12Bijan Maleki:There's not a ton of buzz. It's not really forming any major directional trend. It's really just chopping sideways. And charts like this that are primarily predominantly sideways are very difficult to gauge what they're going to do. You know, it's much more of a gamble slot machine type thing because I could make an argument. This could go totally one way or the other. I don't really see any strength that's driving a longer term trend. And so I would want to see something like that before I felt really comfortable. I mean, yeah, on the longer, on the weekly timeframe, it looks decent in that there's generally a series of higher lows, but higher highs, it hasn't really shown that it can hold above this level here.

54:54Bijan Maleki:So like, let's look at this. We had this level set back here. It's kind of plotting around it. Yes, it did break up through it last week. It's coming back down now. I think for me to feel good about this, I'd like to see it convincingly stay above this, let's call it one cent level. Let's round it up to one cent. So if it can stay above one cent and it can start to put in on a weekly timeframe, consistently higher volume spikes above this moving average, then maybe there's something to look at there. But outside of that, it's pretty, it's pretty just chop. It's pretty much just chop. And so, yeah.

55:35Kris Bullock:Got a producer note for you all. Jamie Coots did recently interview and sit down with Nick Forster, the CEO of Derive. And it just happened about two weeks ago. So definitely check that out. I know I need to. And Jamie also wrote a report on Derive, or included Derive in a report on one of his deep dives on March 20th. So if you're interested, check that out as well. Chris, coming up here on the end of our show. So we're heading into the weekend. A lot of stuff, you know, still, you know, up for grabs or just a mystery with how the market's going to pan out. You never know with, you know, with the government in charge these days.

56:21Kris Bullock:So what are you looking for to go into the weekend?

56:26Bijan Maleki:Well, I want to do, we didn't quite get to it, but I want to, I'm going to just do a kind of rapid fire through stocks and macro charts real quick, just to kind of show what's weighing on crypto at the moment. So we can see. So on the weekly timeframe, these are the major stock indices. We can see all four of them kind of hit DMARC9s on the weekly and are all in a bit of a mean reversion phase right now. Maybe they only come back down to their 10-week moving average and bounce from there. Maybe not, depending on the larger geopolitical situation right now. But stocks are undergoing a short-term correction at the moment.

57:03Bijan Maleki:That's also supported by the Dixie has been kind of working its way back up to the top of the range. Sometime we talk about this on the show. I say, I don't really care about the Dixie until it breaks out either out of the top of the range or below the bottom of the range because it's been stuck in the sideways range for a long time, but it is at the top of the range. Notably, off the back of the big dip we had on Friday in stocks last week, we had a big spike in the Dixie. It's since gotten rejected again at the top of the range here. So maybe that's saying that the bottom is in possibly with stocks, not helped by the fact that liquidity has largely been just stagnant and sideways for really since the end of March, beginning of April, somewhere in here.

57:46Bijan Maleki:So liquidity is sideways, The Dixie's choppy. And so that's kind of putting downward pressure on stocks. But overall, also we're getting VIX spikes right now. Big VIX spikes above 20, which is causing a lot of volatility in stocks, which also coincides with the dip that we're seeing. But I'm not overly worried about any of it. I think it's just a short-term correction because credit spreads are stable. Breadth is stable. Yields, real yields remain favorable. So I think this is just a technical correction. Stocks got a little bit overheated. We know they've been running, setting all time highs for like eight or nine weeks in a row.

58:21Bijan Maleki:So, you know, despite these ominous headlines that we're getting. So they were due a correction. Obviously, that's reflected in the crypto prices, too. But I think everything is closer to the end of that correction in the beginning, largely. And the overall market is generally stable. So that's the kind of bigger macro picture that we're seeing with stocks and crypto right now. I think if you're looking for buying opportunities, wait until probably the end of this week or early next week. I still think there's a chance we kind of come down for the rest of the week. So we'll see how that goes. Maybe I'm wrong.

58:53Bijan Maleki:But that's what I'm seeing just from a zoomed out perspective. So I wanted to get that in because I think that that's important stuff to kind of have in the back of your mind, too. So that's, yeah, we'll end it with that.

59:05Kris Bullock:All right. This has been another edition of Trading the Markets. Again, if you are joining us for the first time and you're on X, YouTube, or in Yahoo, and you want to ask questions, just join us on Real Vision. You can become an RV Connect member. Join the show. Ask your questions live. You also get our weekly AI show, which you may have been aware of, which is our normal Wednesday show. And you also get access to Chris's and Joe Bland's portfolios as well. So a lot behind the RV Connect membership. So join us. Hope to see you guys all soon. And we'll see you on Monday for The World According to AI.

59:48Kris Bullock:So have a great weekend, everyone. Don't fuck this up. You obviously enjoyed the episode because you're here with me at the end. But listen, don't forget to go to realvision.com forward slash join and grab a free membership. It's an incredible community packed with alpha, great investment ideas, and the research that you need to help you unfuck your future. So get started now. Go to realvision.com forward slash join.