Trading the Markets: July 02, 2025 | Kris Bullock and Bijan Maleki

0:05Happy Wednesday, everyone, and welcome back to another episode of Trading the markets. I'm Bijan Malecki and of course I'm joined by Chris Bullock. This is the show where we talk about weekly trades and ideas. So make sure you tune in and also follow the conversation in the Discord afterwards. We just want to remind you, you know, these are just discussions that we're having. It's not meant to be taken as financial advice, just things that you can use to further your research. And, you know, with that as well, make sure you also tune in to Drinks with Raoul today. We're back at 2 p.m. Eastern time.

0:45So make sure you come with a drink, especially Doritos, right? Doritos and Bud Light is the specialty there. And bring your questions as well. And also, Chris is coming off of his most recent portfolio update. It's the 29th installment. I was just looking at it before we came on air. That SPX is up 190 % since he input it. He's got Farcoin in there, which is doing well. Solana, SWE, and a whole bunch of other things as well. So make sure you go check out that portfolio and read the report as well if you haven't done so already. And then also, we have our Real Vision meetups continuing throughout the summer.

1:27so make sure you sign up to realvision.com forward slash meetups and you can attend our meetup on July 17th in Melbourne, Australia and then you can also check out our August 16th meetup in Vancouver. It's going to be a beach party for the summer so make sure you're there. Chris is going to be there so make sure you guys can go if you're in the area or you know just fly and enjoy a nice day on the beach in Vancouver. Why not, right? It's summertime. And also our trade competition is over. It is complete. We have our winners. So big congratulations to Stewart, who took the top prize here. Lester with his nice coin trade.

2:12And Ian Dunn with Robin Hood rounds out the top three. You might see Joe Bland in there at number one. While Joe did have a great trade, He is ineligible to win the trade competition because he is an RV contributor. So if you want to get more of Joe's ideas, make sure you tune in tomorrow to a show where Joe is going to be debuting his equity portfolio and talking macro. And you can also check out Joe's equity reports as well for more in-depth information on where he's at and what he's thinking on trades. But Chris, how are you doing? And what are you thinking about today? I'm doing good. I'm doing good.

2:54Man, it was neck and neck between first and second there. 39.8 versus 38.9. It was, that was so close. Yeah, Lester, you almost got it. No, I know, I know, right? So I wanted to, kind of on the same subject, I wanted to talk about the trade ideas section of the Real Vision website because it has really turned into an amazing resource. You know, there's, I don't look at it as much as I should. I know, Bijan, you look at it a lot more than I do, But there has been some just stellar call outs, you know, recently with huge trades that have gone up, you know, multiples in less than a week's time. And I need to be paying more attention to it because, like I said, this community is huge.

3:34The hive mind is amazing. And, you know, between the lot of us, I think that there's some really, really, really good alpha there. I mean, as good as anywhere you can get. So I really want to call this out and encourage people to look at this section of the website more. And if you're not a member of Real Vision, get on it, get over there and look at this, because like this is where this is where the money is. You know, this is where people are, you know, people are doing the research for you, basically, and just throwing the ideas up here. And of course, not all of them are going to be winners.

4:03I get that. But there's a lot of them that are and there's a lot of them that do really, really well. And if anything, it's a great resource to get new new projects on your radar, whether it's stocks or crypto or whatever. And just, you know, really, really valuable resource for sure. Yeah, absolutely. I'm just looking at the at the screen you have up here. There's multiple trades that are, you know, nearing 300 percent gains. Right. No bland is like twelve hundred percent gain on these trades. You can also check out our all-time leaderboard, and you can see who's had the highest return trades.

4:37And you can actually follow them. So whenever they input a trade, you're notified because obviously timing is super important on these things. So when they input a trade, you can input it too. Read their research as well. If there's someone that you really identify with or you really vibe with and you like their reasonings and kind of how they go about their trades, just follow them and keep an eye on what they're doing. Like Joe Bland is one of them. Ian Dunn is one of them as well. We often mention these names because they're doing really well on their trade ideas. Yeah, check them out. Read the reasonings.

5:08Check out the charts that they put in. Chris, you said it very well. It's probably our most underrated resource, I think, because you're tapping into our hive mind, but our hive mind is also tapping into a lot of the content that comes out from RAL and Julian and Jamie and Andreas. So you're getting a lot of different great information. So guys, check that out. Yep, I absolutely have followed Joe Bland and I'm looking forward to his next trade idea. So for sure. So Chris, what are we getting into today? I know you have a few trades or coins that are on your mind, but so you have the Bitcoin chart up.

5:49So why don't we dive into that? Yeah, yeah. So obviously, if you haven't been looking at the charts today, we're having what we call a breakout day. Everything is very green across the board, pretty much. My entire watch list outside of a handful is green. And I mean green, like double digits green, like in a lot of stuff. So it's a good thing. And starting with Bitcoin here, the thing I like about this is on the Monday show I called out, we were in this downward channel, which is actually what's called a bear flag and is actually bullish. And I've been kind of waiting for just a breakout of the structure.

6:19And today we got that. We got that sort of on multiple fronts. First, we broke above this downward sloping trend line. We also broke above the previous high from right here. and this previous high from right here. So we've effectively reversed the structure. Also, more importantly, is we bounced right off the 20-day moving average, which had been serving as support. So I really love the fact that, one, Bitcoin didn't break down below this moving average, and then, two, it's breaking out and setting higher highs, thus kind of invalidating this sort of downward-sloping structure that we're seeing, which is a good thing.

6:51It's what we want to see. Now, obviously, it remains to be seen if we continue to break on out of here and fully break out into new all-time highs into sort of price discovery phase. It may be a little premature for that still, but possibly not. So that's really what I'm looking for next. But in the meantime, this is very constructive. And like I said, we're seeing it across the board with a lot of assets. There's another chart I wanted to kind of touch on as far as Bitcoin real quick here. It's this Ichimoku cloud indicator that I've talked about before. It was just about to have what's called like a bearish TK crossover where this line was going to cross over this other one.

7:27But like, I think it's sort of with this big green day today has earned a bit of a stay of execution, if you will. And we'll hopefully reverse this trend and we don't get that sort of bearish signal out of this indicator. So that looks really good to me too. And yeah, just Bitcoin looks great. Also, everything else looks great too. I mean, like I said, if we kind of go down this list, there's a ton of, there's some that are a bit wacky even. Like one of them, a few that have been really ripping this useless token that we kind of talked about on Monday. It's like people were looking for an entry here and it's just, it's not even coming down and touching the 10 day moving average.

8:05It's just continuing to throw up, you know, double digit days consecutive for just days and days on end. It's kind of funny. I mean, don't go chasing this really because who knows what's ultimately going to happen with it. It's a very brand new token, as you can see, very low market cap. but it's just funny because it's again one of the ones that made it on the monday show and uh i kind of was looking to get into it but i i'm not i'm not going to touch that another one that sort of was comical in a way and caught my eye was this nobody sausage meme token it had been kind of making the rounds on social media for a minute and it was sort of uh catching people's attention as you can see it had a big nice run but then it looked like it was bleeding out and it was kind of over and um i had kind of left it for dead basically.

8:48And then suddenly out of nowhere on Sunday, it had like 100 % gain day. And then after a couple of days of chop, it's up another 50 % almost again today and has sort of resumed this uptrend structure. So I thought that was kind of funny. Another one that I thought was about dead was Kida, which had been sort of rolling over and had lost this important support level. And then, you know, here we have it up 36 % again today. And I think what we're seeing is just a lot of alts kind of across the board are making some headway. Like if we look at, if we go over and look at the altcoin season index on CoinMarketCap, it was down as low as 18 just last week.

9:26And Bitcoin was looking really, really strong. And then just in the last week, it's gone back up to 24 and set like a decent high for the local time span. And we can see there's several that have been hanging around at the top. Syrup is one that I'll touch on in a second, But like Hype and Fartcoin and SPX and Virtual, all those sort of remain outpacing most of the crypto space and are continuing to. But I like the fact that Solana pumped its way just above Bitcoin, which is nice. And while Suite isn't quite above Bitcoin yet, it's been on a nice run too. And so I wanted to get back to those because Solana, as we know, has an ETF launching this week, potentially, a staked ETF, I guess you could call it, or a staking ETF.

10:11Yes, supposedly it's supposed to be launching today. Yes, today. So hence part of the, I mean, obviously the entire market is running. So it's not, you know, that's only part of the picture as to why Solana is in the green today. But regardless, Solana looks really good structurally. Like it too only came down and basically touched support on its 20-day moving average. We've also got, if you kind of zoom in here a little bit, we can see that the 10-day moving average has crossed back up over the 20 to sort of flip this trend bullish, which is nice. And so while structurally it doesn't look as good as some other stuff, it's doing okay.

10:48Like it's in an uptrend. It's up, you know, 4%, which it doesn't sound like a lot compared to some of these low cap alts or, you know, memes and stuff. But like, it's a big cap token and it's up more than Bitcoin is today. So I'll take that, you know, it's having a nice day. I think it's ultimately on its road to a nice recovery. And I think that ETF is going to help it because it's going to be the first of its kind with with a yield component to it, the first ETF out there. And also, you know, I think it's going to give another sort of mechanism for TradFi players to kind of roll some of those Bitcoin profits into or further out the risk curve, I guess, if you will, you know.

11:27And so I know the question comes up, well, why can't they do that with ETH too? And they can, and I think they will. But I think ETH and Solana are a little bit different animals. And I think the TradFi market will recognize the difference between the two. But also ETH is doing well on its own. ETH is actually showing a lot of strength as well. In fact, even arguably better structure than Solana. It's poked back up above this important, well, it had flipped it to resistance, but this important resistance line that it was on. And it too has a bullish crossover on its moving averages. And so I think ETH looks really good.

12:01In fact, all the majors do. ETH looks good. Solana looks good. SWE is having a nice day. it's up more than all of them. It's up almost 10 % today. And you can see everything is just kind of bouncing across the board. And looking at SWE kind of zooming out a little bit, I had this longer term trend line drawn all the way back to August, and it kind of had a touch on it right here. And then it's had another touch on it here. It's actually had three touches on it at this point. But the fact that it's holding this line and not breaking down further and setting lower lows, in fact, it's setting higher lows and higher highs even in this short term trend, I think is a really solid sign of strength that SWE isn't dying on the vine like a lot of people were afraid of.

12:39And I know a number of people got in that joined Real Vision sort of at the beginning of the year and are maybe upside down on their SWE position at the moment. But I'm not worried about this at all. I really think that this has a lot of strength, and I think that it's going to continue to do well. And then finally, I wanted to talk about SPX a little because I had this chart here. Let me find it. This one here. So this is this meme coin comparisons, meme coin gains indicator. I've talked about this on previous shows. But basically, this blue line here is sort of an aggregate of all of the top meme tokens.

13:14And I added this separate green line chart here that's just SPX by itself. Because I wanted to see, you know, if SPX was actually following this larger trend of the aggregate memes. And we can see that it's actually not. Like it's holding steady and isn't really breaking down like the rest of the meme sector is. So SPX has effectively decoupled itself, I think, from the larger meme sector, which kind of supports the idea that I call it more of like a movement token at this point and less of a meme coin. Like, yes, it originated as a meme coin. And of course, technically it is. But like it's got a larger sort of higher purpose to it.

13:52It's got a mission to it that a lot of meme coins don't have. And it is really reflective of more of like a movement, I feel like, than just a meme, again, like a dog or a cat or, you know, all of the sort of silly memes of a fart, you know, even. And so I think that, you know, I'm not surprised to see SPX differentiating itself here like this. And if we kind of look at the chart, we can see just anecdotally on my watch list here, you know, SPX is up almost 20 percent. Well, it just flipped over 20 percent on the day here. and so um it's outpacing uh a large degree of the the alt space yes there's a couple of the outliers like the nobody and the kita and some some other sort of micro cap ones but in terms of like larger cap you know top 100 alt coins uh spx is i think doing as good as any of them and right now it's up 20 on the day and we can see here too that it has sort of held support on this trend line, you know, going back to the beginning of May.

14:50And so it didn't really set a lower low, which I like here and is on pace to, well, basically set higher highs. And it's also very close to its all time high, both on USD pair and on Bitcoin pair. So it continues to look really strong. I mean, yeah, it had a bit of a wobble here, but it, you know, it's bounced right back. It's up 20 % today. And everything kind of continues to look really good. So So things were exciting today. It's a big, green, fun day. It's the kind of day we all like to look at charts, you know? And so it's, yeah, I love that. It's the kind of day that reminds us that we are great traders sometimes.

15:26Right, right. So we do have a question coming platform and a reminder to you all, if you have a question you want us to take live on air, want to see Chris chart a coin that you're interested in, just throw it in the chat, whether it's on platform or on X, and we will get to as many as we can. So this one comes from the platform from Michael. He has a question about Arbitrum. So Arbitrum has been in the news a lot recently. You know, Robinhood is using it with their tokenized stocks, right? And he's saying that supposedly Coinbase is going to be using this as part of their own system and network.

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17:12yeah i mean it could be it's uh it's it's not necessarily keeping pace with the larger market as you can see since january it's still it's bull market support band is in a downtrend essentially but like you said those are good fundamental developments kind of you could argue that um say is is similarly experiencing a similar bounce for for sort of similar reasons um but yeah i think that, you know, we do have a bullish crossover on the daily timeframe here. The 10 has flipped above the 20. It had a couple of good days, you know, on Sunday, it was up 17%, which is solid for it. And then today, it's up another eight and a half percent.

17:49So definitely in an uptrend currently, we can see it bottomed on a D mark nine here too, which is noteworthy, but it's got a little bit of a ways to go, I feel like to kind of reverse the larger weekly trend, which is ultimately what we want to see. Like real quick, if we go back to this bull market support band website that I talked about last week, you know, where we want to look for ones that are in the green here that have both the moving averages pointed to the upside. We're not necessarily seeing that on Arbitrum in this case yet. We can see both the moving averages are still pointed to the downside, but it is in the process of reversing.

18:23You could argue that this is a double bottom here too, which is I think constructive. And I do like this big spike in volume that we're seeing right here as well. So with the moving average moving way up. So this definitely is a sign that Arbitrum has some momentum in this current moment, which I like. It's not, like I said, it's not outpacing the rest of the market at the moment. But if you're looking for signs of a reversal, we are seeing that right now for sure. So I would say give it a little bit. If like you wanted to get an entry on this, I would give it a little bit more time. I'd really like to see price get above this bull market support band, which is these two moving averages right here.

18:58this basically this this thing here and so if we can get above this and sort of flip this to support then i would feel much better about having a longer term position in it but uh we're well on our way so um keep an eye on all right keep an eye on arb thank you for the question michael we have another question incoming from yt asking us to check in on hbar and sauce so hbar uh Definitely one we've talked about in the past, but I don't think we've spoken too much about it recently.

19:36So, yeah, I mean, it's sort of suffered a similar fate to the rest of the market effectively. I mean, obviously, it had this big mega rally coming off the it was part of the DinoCoin run that came, you know, in Q4 of last year. And things like it and XRP rather and Cardano and a few of those other ones. It was part of that. And it held those gains for quite some time before ultimately kind of losing some steam. It was similar to XRP in that regard, though I think it lost a little bit more than XRP has. But it too's got a bit of a double-bottoming pattern here, as we can see, kind of looking at this right here and this right here.

20:16So double-bottom and a nice bounce, not quite as good of a bounce as the Arbitrum that we were just looking at, and it hasn't quite reversed the daily trend. And you can see it's a fair bit further below its bull market support band. But I don't know. To me, it's okay, but it's not something that I would want to, you know, I think there's better investments out there in this moment. I think there's better plays that have, you know, more momentum in this moment. And I know I'm not going to argue about HBAR's fundamentals. Fundamentally, it's very good. It's not going anywhere. But sometimes, as we know in crypto, fundamentals don't always drive price action as much as we think they should or could.

20:59And I think that, you know, we're seeing that basically the market isn't sort of deeming HBAR as the new hot, shiny object that it wants to throw its money behind. And so it's not outpacing the rest of the stuff. But also, it could be worse. I don't like the volume kind of bleeding out either. It's continuing to bleed out. So whereas unlike, say, the Arbitrum chart that we looked at, it was having a big, massive volume spike, if you remember. Like if I just back up real quick. Arbitrum, this is what you want to see coming out of a low. You want to see volume ripping to the upside, showing this is a sign that the market is like, okay, I like what's going on here.

21:35I like what they're doing. I want to put my money behind this. Whereas with HBAR, we're not getting that. We're seeing sort of a slow bleed out and sort of no volume to kind of support any kind of a reversal yet at this moment. So that's what I'd be looking for there. Yeah. Just based off of that chart, the last major volume spikes looked like they were in December 2024 for HR, whereas Arbitrum's spikes started in kind of May and are continuing up until today. So that's really what you want to see with the hot hand on this. Well, well said. Okay. He also wanted us to check out Sauce. Yeah. sauce like sauce yeah like i say you sauce okay got it um

22:29uh it's wow very similar almost identical price action structure here i are the two i'm not sure maybe the two are related i'm not familiar with sauce actually yeah but look at that volume oh yeah definitely bleed out on volume almost nearly identical chart structure you could argue everything I just said about HBAR, you could apply to this chart as well. I mean, verbatim, essentially. And I would say it's more dire with sauce to be completely... I would say so too. Yeah, for sure. For sure. YT, if you have sauce, don't have it anymore after this show. Yeah. All right. So we have another question coming in from Vasili on the platform.

23:12What's up with SCA? Looks like it's front-running SWE. What levels will signal a long-term trend reversal? Let's see, SCA.

23:32Well, it's going to be kind of the same signal that I've been talking about. But basically, let me see if I can find a chart with volume on it real quick.

23:52um but i saw a crack in one here hold on

23:57or a q coin this will work okay um well big big spike in volume here okay um well this is certainly a step in the right direction you can see obviously we're in a much much longer downtrend just looking at this bull market support band it's very steep to the downside and it's effectively been in outside of a rally here uh in q4 of last year it's just been kind of down only we had a bit of a run in april but you can see really it came up and just sort of got rejected by this bull market support band and has since lost it again now it hasn't gone on to set a lower low which i guess is a good sign and you could argue we've got a bit of a slight bit of an uptrend here, kind of going, oops, starting here, it sort of has held this.