Trading the Markets: June 11, 2025

0:00Look, I know markets feel messy right now. Mixed signals, shifting narratives, lots of noise. and it's easy to feel lost or overwhelmed. Yeah, I get it, but it doesn't have to be that way. That's exactly why we've simplified the Real Vision members at tiers to cut through that noise and give you clarity, support and insights precisely when you need them the most in the way you need them. And remember, to make it easier, we're giving you three months free when you upgrade to any annual Real Vision membership. That's three months free for just upgrading, whether you're just starting out or stepping up to the next level.

0:32You'll also access our exclusive trade ideas competition where you can share your smartest ideas with the Real Vision community. And tell me, it's a real hoot and it's really good and so much alpha there. Plus, there's an opportunity to win some great prizes in that too. This isn't just about smarter investing. It's about investing without all of the stress. Head over to realvision.com forward slash three months free and lock in your upgrade before it's too late. At this point in the cycle, every day counts. So hopefully we'll see you taking advantage of this offer. Thanks. Hey, guys, before starting the show, I just want to take a minute to talk about our good friends over at Bitwise, the$10 billion global crypto asset manager.

1:15On this show, we talk a lot about all the big stories. What's driving markets? What does the data tell us? What are you people missing? And as you already know, crypto is playing a much bigger role in macro. So it's becoming more and more important to really understand the stories driving crypto. Why is Bitcoin going up? Why is Bitcoin going down? What are the institutions doing? What are people missing? That's why Bitwise launched the weekly CIO memo, a quick summary each week of what's really moving crypto markets. It's written by the CEO, Matt Hogan. Matt's one of the best in business at bridging the worlds of traditional finance and crypto.

1:46It's really a great read. It's clear, it's bold, and it's very thoughtful. I highly recommend it to anyone who wants to the latest insights and hottest takes in the crypto world. So head on over to bitwiseinvestments.com slash CIO memo. That's bitwiseinvestments.com slash CIL memo. Check it out for yourselves. Always, of course, carefully consider the extreme risks associated with crypto. So here we are, Token 2049. It really is one of the most energetic, incredible events. Speakers from all around the world and visitors from every country you can ever imagine, all trying to learn something together, something new, this exciting world of crypto and technology.

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2:45Hi, everyone. I'm Raoul Pal, the CEO and co-founder of Real Vision. Here at Real Vision, we're committed to give you the best knowledge, tools, and network to help you succeed in your financial future. If you're enjoying this podcast, please take a moment to give it a five-star rating. It truly helps us continue to bring top-tier content. Thank you so much.

3:10Happy Wednesday. Happy hump day, everyone. Welcome back to another episode of Trading the Markets. I'm Bijan Malecki, and of course, I'm joined by Chris Bullock, aka BlastoPlast. So guys, we just announced some very exciting news. We have a partnership with SWE. So make sure you go check that out. We have a video live on the platform. You can hear directly from Rao and the managing director of the SWE Foundation, Christian Thompson, talk through what that looks like for SWE, what that looks like for Real Vision, and what that looks like for you. So definitely recommend that. Super exciting, super bullish.

3:48And also with that right now, you can lock in 12 months free of Real Vision for the price of nine months. So that's three months free when you upgrade to an annual membership. So check that out at realvision.com forward slash three, the number three months free. You can check the link right there and use the QR code to go and get that great deal. And with that, you'll also be able to enter trades because we have a trading competition that is live and in full swing. Ideas are rolling in. Some of them are smart. Some of them are pretty degen, which we'll talk about a few of those today as well. So if you got something that you think has some upside, now's the time to put that in.

4:33You can up for grabs on the giveaways and the prizes. You can have a private chat with Rao, get some alpha straight from the man himself. You get some RV swag merch. And we have a few other surprises that haven't been announced, but I'm sure you guys will definitely like that. And Chris is here. He's had a busy day already. He's fresh off of a fantastic TA episode with Caleb Franzen. So make sure you check that out as well. If you haven't already, uh, go check that out right after this show, you'll need to be a pro RV pro member, but, uh, so maybe that's a great time to take advantage of that new promotion and watch that video.

5:12It was a great chat. It was like two, you were just like a fly on the wall of just two great TA guys discussing, uh, charts. So definitely recommend you check that out. Um, quick reminder as well. We discuss this stuff all day, every day in our Discord. So make sure you join the RV Discord if you want to continue the chat and stress test some of your ideas and get all these insights. And to watch our live weekly trading shows on Monday, you need to be an RV Connect member. So another great reason to take advantage of those ongoing promotions. So as always, if you have any questions, just drop them into the live chat on X, on platform.

5:53And we'll try and take as many of them as we can live on air. Hi, Raoul here. Listen, I think we've got until 2030 before the economic singularity arrives. Now, it might not be the exact date, but it's around then. So we have about six years to figure out how to unfuck our future. I've put together a report to help you called Prepare for 2030. It's going to help you take the first steps in that journey to make sure you're secure past 2030. So just click on the link below and start your journey now. Chris, how are you? Happy Wednesday. Yeah, doing well. Thank you. It's been a fun week. We had the bottom is in, great show on Monday, and things have been pretty exciting since then, and I think are going to continue to be.

6:40So yeah, I wanted to start with Bitcoin and just sort of break down what happened since our last Wednesday show and go from there, basically. So starting with Bitcoin, if we remember, last Wednesday, we were right here on this candle, right in this range of support. And I remember saying at that time, the ranges I was looking at are this, in fact, range right here where we were. And then I wanted to highlight the 100 ,000 range because I called that out because, again, humans are funny and they like to buy it at round numbers like that. And then worst case scenario, we were looking down here at this other cluster.

7:16And right after that show, the very next day, we had the big Twitter battle, X battle with Trump and Elon. And of course, the markets went crazy and everything nuked. And we got almost a perfect touch down here on the 100 ,000 level. In fact, it got down to 100 ,377. So not quite even on the dot at 100 ,000, but it was the perfect place to bounce. And as it was happening, I was like, you know what, I bet this is it. I bet this is the cycle low right here. This is what we're looking for. And I actually put in a buy order on hype in that moment when it touched the 20-day moving average, which I can get to later.

7:52But anyway, just as I was expecting, since then, we've had a strong rally out and we are right back up to right near all-time highs again. And I think that it's going to keep going for some weeks from now. So things are looking good on the Bitcoin front. Things are looking good on the equities front. On our Monday show, I talked about some of the other majors like Ethereum and SWE and SOL need to really be getting in gear at this point and proving that they are relevant and are going to be relevant for the next six months. And so far, so good. We're actually seeing pretty strong movements from, well, let's see, let's look at these against Bitcoin.

8:39Ethereum is actually holding up the best, surprisingly. Well, not totally surprisingly. Ethereum actually is coming off the back of, we had some really good announcements earlier this week from the SEC talking about DeFi. And, you know, I think Ethereum stands to be a major beneficiary of that. Just really sort of relaxed regulatory approach to DeFi, which is a very welcome development. And since, you know, Ethereum is largely the hub of, well, at least all the biggest DeFi, the big blue chip DeFi, you know, your Aave's and your, you know, compound finance and things like that. Those are going to do well.

9:14And those are all on ETH. And so, you know, good for ETH. Not to mention the upgrades that ETH had. And so we can see here, ETH actually never really corrected as much as some of the other bigger assets did. And since then, you know, had just had nice big green candles and has gone up the most out of, you know, out of those three between Ethereum, Solana, and SWE over the last few days and looks really strong right now. is actually outpacing Bitcoin. This is actually the ETH Bitcoin chart. And we've been talking about how we need to see a strong reversal on the ETH Bitcoin chart to really benefit the broader alt market.

9:48And granted, obviously it's baby steps here. We're looking at a daily chart and we're just barely over the bull market support band, but it's still an uptrend. It's still a step in the right direction. And so I like what I'm seeing here with this. And honestly, the same thing with Solana and Suite. Granted, they're a little bit worse off, but they're doing what they need to do. You know, we've got solid green candles, again, against Bitcoin. So it's outpacing Bitcoin out of the lows of this new cycle that we're in, you know, coming off of the lows from last Thursday. So we've got several green candles in a row against Bitcoin.

10:24That's what we need to see. We need to see, and same thing with SWE here. You know, good green candles in a row. Both of them are getting kind of right back to their 20-day moving average. and, you know, on pace to reverse the downtrend, both on the daily timeframe and hopefully on the weekly timeframe against Bitcoin and, you know, reach these new highs that we all think that they can do. And so, yeah, so far so good with kind of the big three, you know, the big sort of majors that we all talk about on our shows and in our community a lot. And, you know, I like what I'm seeing here. So I think that, and I think that this is going to play out across the broader market, which we're seeing a lot of.

11:03We're seeing memes run. We're seeing AI run right now. You know, we're seeing the majors do well. So we're seeing Bitcoin do well, obviously. So again, it's kind of, as I talked about on my show with Caleb a bit ago, it's we're in easy mode right now, you know, and it's kind of the time to just take a step back and watch things go. So it's good times. That's easier said than done. So guys, don't use this as an opportunity. Start chasing like everything that runs. You've been following us. You've been building some really nice positions and not so much has changed. Right. If you've been following us, you have you should have maybe some SPX in your portfolio, should have some hype in there as well as SWE and Solana.

11:47So I think now is like Chris just said, now is the time to enjoy the fruits of your labor and know that your patience is paying off. Because, Chris, you also touched on that 60 day cycle, not touched on, you really dove into that 60-day cycle that we just started and looking out. And it looks very bullish, right? So hey, green candles ahead, and let's hope it continues that way. So at the top of this show, you also mentioned how you executed a really great trade on Hyperliquid, how it touched that the 20-day, I believe it was, right? And you had an order that just filled right perfectly on that line.

12:26So can you talk us through that and kind of what you saw in that trade? Yeah, yeah. So as is often, it comes up in our shows, people ask, you know, where's my entry? How do I know when to buy, you know, how do I know when to buy the dip on anything? And when you're in an uptrend, especially like a raging, you know, kind of big uptrend like hype is doing right now, that can sometimes be tricky because sometimes you are waiting for the dip and it just keeps going, you know? And so what I tell people is really anytime you can get a touch on ideally the 20 day moving average, but sometimes you don't get that.

13:04Sometimes if it's a really, really strong uptrend, you might just get a touch on the 10 day, which is this green line here. But if you can get a touch on the 20 day moving average, that's almost always a great time to buy. And so this was last Thursday, that same day I talked about, you know, with the Trump and the Elon battle going on. And I was watching this on the daily chart. And I was like, you know what, I bet this is going to come down and touch perfectly on this 20 day moving average. Let me kind of zoom in here. And so I went, you know, and I was looking to pick some up. So I went and set an order.

13:35And, you know, right at where the 20 day moving average was, I think it was at 3274 is what I actually that's that's where the right at where the average was in that moment. And so I set it 32.74 and it filled perfectly. It just wicked down perfectly, bounced right there and immediately shot right back up. And now granted, the next day it did come back down a little bit more, but it never got back down as low as the 32.74. It came down and touched the moving average once again, but already the average was higher at that point. So, you know, it only got down to whatever, 33.25 or something like that.

14:06And then since then, it's just been off to the races. And in fact, you know, yesterday and today it has, if we kind of zoom out here, you can see it's entered price discovery. It eclipsed its all-time high yesterday and, you know, back from this previous level here, or I'm sorry, from here. And we're in new uncharted territory, basically, with hype. And I think we've got a long way to go still with this one. So I'm pretty happy with my order. Obviously, I would have loved to have gotten it much further down, but I kind of missed the boat. I sort of missed the hype, even though I was watching it play out right in front of me on social media.

14:40I just wasn't quite there yet. And so I figured I needed to get in and I knew we were in a bit of a sideways market with the cycle correction happening. So I kind of just picked my shot and I went with it. And, you know, so far it's up probably a good 20 % already just in the last, whatever, five days. So, so far so good. Yeah. And what do you say to the people that, you know, have have feel some type of way about buying in a situation where a coin is just in price discovery mode and just seemingly hitting all time high after all time high? I know we touched on this on Monday as well about how I think that's as long as there's still friction to something, there's still a lot of upside to be had because the masses, it's not so easy for them to buy.

15:28And hype is that, right? There's a few extra steps that you have to take to buy. You can't just go and make an exchange on Pump.Fun or Radium or whatever, Jupiter. You can't just buy it on Coinbase. You have to go through a little bit of a process. But I think within that friction, that also tells you that there's still a lot of upside because it's not super easy to buy just yet. Totally agree. Yeah. You do got to jump through a few hoops. There is a bit of a learning curve. And but I still recommend go go learn how to do it, because, you know, that's that's part of why we're all here is to actually use the technology, not just like buy the tokens and trade the tokens and stuff like that.

16:04And hype is a perfect example of amazing blockchain technology. You know, this is exactly where it really excels. And it's cool. It's cool to use. And it's a very innovative platform. You know, we've seen other perp dexes and we've seen other things that are similar. But I feel like hype just somehow brought it all together in like a really clever way. And, you know, they're basically competing with the likes of Coinbase and Binance. And they're offering a fully centralized exchange experience on a decentralized, on blockchain rails, basically. And so, and they're doing a good job of it. And as a business, they're extremely successful right now.

16:45And so, I, you know, I'm really bullish on this asset. I think that even as high as the price is right now, even though it is in price discovery, it is highly undervalued, even right now in this moment. And so, you know, when you see that, people will see, I kind of missed it, or I don't want to get in while it's up 15 % on the day or whatever. And in many, many cases, I would say, absolutely, don't get in, you missed it, you know, it's going to correct. You know, you learn early on, don't chase anything that's up 20 % or whatever, because it's, you're immediately going to be upside down. And most of the time that's true.

17:21But there are certain times in the market cycles where that rule doesn't apply as much. And sometimes you just have to kind of grab the leash and hold on tight and, you know, join the ride, basically. And I think right now we're in that we're in the start of, you know, like, like you just said, a new kind of 60 day cycle timing window. And we, we potentially have, you know, I think a good solid month of upside to go if, if not even more. And I, you know, I think hype is going to be much higher in a month from now. And so sometimes you just have to bite the bullet and, and jump on. And occasionally you'll do that and you might end up being upside down for a day or two.

18:01Cause you, you know, somebody sold right after you bought. But like oftentimes it's very short lived. And sometimes those rallies, sometimes you can get very overbought conditions on a crypto asset that goes for weeks or even more than a month where it's blowing up way outside the top of the Bollinger Bands. The RSI is sky high, well up into the 80s, even 90s for, you know, again, weeks in a row. And that's just that's kind of how crypto does it. And so you can't apply these general rules of thumb to these types of scenarios in crypto. Sometimes you have to just you have to just go with it. Yeah.

18:39To kind of put a bow on this hype stuff, I want to shout out Rabbit, a member in our discord that commented as we were talking about hype and on our Monday show that hype is like a real company that's actually making money and they're using that money to buy back their token. So, I mean, that's also really bullish just for the hype token in general, beyond the fact that it's just nice technology. I think, yeah, you know, we talk about Web3 tech, we talk about decentralization and, you know, having utility and using something. Well, now is our opportunity. So go check it out. Even if you don't put everything that you can into it, right?

19:17And we never recommend doing that. But at least get familiar with the technology because it is the new stuff. And you got to know how to use this stuff if we want this to really take off. So awesome. So I have a trade that I want to shout out as well. I'm going to talk about Rekt. And this trade, you can extrapolate this to their entire ecosystem if you want, whether that be RektCoin and whether that be the RektGuy NFT. So really good input from MagmaPirate on this trade last week. Sites that Rekt drinks sold out in record time. So they beat their previous sellout time in their most recent drop of Rekt drinks.

20:07So they have a viable product, right? And the Rekt guys, OSF and Mando, they're just obviously super smart guys that are great at capturing attention on the timeline. So this is all going to go back into the Rekt ecosystem. And it's ultimately going to benefit the native Rekt token and the Rekt guy NFT. So I think if you want to kind of see how a community is built, right, and you want some exposure to that, and you want to bet on kind of Web3 communities kind of rising and creating something, I feel like RektGuy is as good as any to put your bet on, right? And then to another extent, I want to also include Pengu in this as well.

20:50Pengu token is reaching a billion market cap. It's getting up there. It's doing pretty well. And it's kind of that same, obviously they're doing different things to RektGuy, But it's very common thread between the two in that they're building it with and on the back of their community that have very active communities that they're also building this with. So with the with the Pengu, you can get Pengu, you can get Pudgy Penguin, you can get little Pudgies and just have all access to their ecosystem in some form or another. I think these communities are going to be pretty big. So you're like me, you want some type of exposure to them.

21:32And you might not be able to shell out for a wrecked guy or, you know, even a pudgy penguin, which is, you know, like over 10 ETH at this point almost. So these are good ways to bet on an ecosystem and have some exposure and benefit off of their growth and the work that their great founders are doing. So that's going to be my shout out as well. Oh, yeah, an abstract chain, right, with the pudgy penguins that they're building. Just a lot of bullish things going on with community in general. And if you've been hearing Rao talk, you know, community is Web3, right? And that's kind of the way things are going.

22:05So, hey, why not back some strong ones? I wanted to touch on the rec chart while we're at it because it's looking really good right now. So from the lows back in March when a lot of the memes reversed, it's up 10x. It's up 10x already. And that's, you know, that's fantastic. Grant, it's a little bit of a, it's a lower market cap than some of the other memes. So it's kind of flying under the radar. But, you know, 10X is nothing to sneeze at. I mean, that's amazing. More importantly, though, is not only is it up 10X, but it's basically setting new all-time highs right now. It sort of broke out from its previous all-time high.

22:44You know, it had set it back here, touched it again here, and now we've got a proper breakout from this level. So it's in price discovery as well. And good stuff. I mean. great great trade magma pirate uh chris so we have some questions uh shall we shall we dive into some of them sure sure all right so this first one comes from clyde on the rv website chris any recommended technical indicators for adding to spx think you've said the 10-day moving average before but i guess it's easy to get a bit of fomo when it's going ballistic like this um well it's funny like this is a perfect example of one of those where i'm like you just gotta you just gotta grab it and ride it you know like because yeah not not saying it's gonna do this but i'm just want to point out that you know the last time it started closing multiple days um you know above the bollinger bands here it well one it set all time highs here, but two, it went on this 100x run, basically.

23:53Not saying it's going to go do 100x run, as much as I would love that. I'm not saying it's going to go do 100x run tomorrow, or that this is the start of that necessarily. But my point being, you don't know when it's ultimately going to slow down. And if you sit here and wait for it to actually slow down and come back and touch a moving average or something, it might be three weeks from now, and it might be up 400 % from now. And so that's why when it starts doing stuff like this, when it really starts going and taking off, you kind of just got to bite the bullet and get on because that's, again, that's just how it works.

24:29So outside of that, there's a couple other things I want to point out here. Yes, we are right at, you know, you could argue this is resistance. So this is the all-time high level that was set back here in January at 177. We got pretty close to it today. we got up to 174 already today and we're at one you know 170 right now so it's knocking on the door of breaking out now if we go back and look at like earlier spx back in its first initial runs it had set you know its initial all-time high here um kind of came back at this point didn't quite get up to it but if we notice when it actually did break out the on the days that it did break out, it did get up to this.

25:15It kind of wicked above it, got rejected, had to come back down, kind of catch its breath a little bit. And then finally it broke out and went on from there. So, and that's a pretty common pattern that you see play out in a lot of technical analysis. A lot of charts do this though. It might take a minute or a candle or two to ultimately break through the resistance. And so I wouldn't be surprised if we saw that here. I wouldn't even be surprised if we got a red candle tomorrow or a little bit wick above here today and then a red candle tomorrow before ultimately breaking out. But also, it might not do that.