Trading the Markets LIVE (April 30, 2025) | Kris Bullock and Bijan Maleki

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0:28happy wednesday everyone and welcome back to another episode of trading the markets i'm bijan malecki and i'm joined of course by chris bullock chris how are you doing on this uh midweek. Doing good, Bijan. It's a fun day so far. Our second show in a row. Yeah, right? Yeah, Chris and I were just on Crypto Distillery earlier this morning. If you're a pro-crypto member or All Access member, be sure to check that out. A lot of great charts that Chris went through. And we're going to go through some more charts today. Just a reminder, guys, as always, This is not financial advice. We're just suggesting ideas and trades that we think are interesting to look at for you guys to have on your radar.

1:15And without further ado, let's just dive right into it. Chris, what's on your mind today in the market? Yeah, so I wanted to start by just doing a quick top-down, zoom-out review of just starting with Bitcoin, and then we'll dig into some of the trade ideas and the crypto dashboard and all of the other stuff. But just briefly looking at Bitcoin, I want to follow up on a chart that I talked about last week just to sort of show how it has progressed since then. So last week we touched on the Bitcoin with the Ichimoku chart.

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2:46And at that point in time, we had just pierced up above the top of this cloud, which was a really strong signal, which was kind of showing a longer term weekly trend reversal that we've been waiting for. So that was really good. And since then, you can see that we've basically held that, you know, top of that cloud as support. And then more importantly, we've had a crossover of these two lines here. This is called a bullish TK crossover. I'm sorry, the blue line is called the conversion line. The red line is called the baseline. And the blue line is crossed up over, which is also a bullish signal.

3:16However, it's a bit of a muted bullish signal in that this crossover occurred like below the whole cloud. It would have been a little bit better if it would have occurred within the cloud and even better still if we'd have gotten that signal above the cloud. But nevertheless, it is a step in the right direction. We continue to make baby steps in the right direction, further cementing this longer term weekly trend reversal. This is also illustrated here just with the bull market support band, which is this line here that we talk about. It too is now sort of flipped to support, which is really good to see.

3:51prices above it, similar to how it was above the cloud. We can also see the bottom, the 21 week EMA moving average component of this indicator has flipped to the upside and is starting to work its way towards eventually crossing over the red one, which hopefully we'll see in the coming weeks. Also, I kind of wanted to call out how we saw a ton of assets and we maybe get into some of these other charts in a bit, but we saw a ton of assets with big, big green candles last week. Last week's like huge upside across the board. A number of assets were having double digit. Some even had 100 % gains in a single day.

4:27And so the market got a little bit overcooked, I feel like in that moment. And so I'm not surprised at all to see things just kind of meander sideways since then. And a lot, we'll see a ton of assets basically coming back to their 10 day and some of them, even to their 20 day moving averages. We're starting to see just a bit of a mean reversion across the board pretty much with nearly every chart that I've pulled up. and this is normal and uh you know to be expected honestly when you get a big bump up like this so i do feel like that we'll we'll probably see a bounce off of some of these moving averages whether it's the 10 or the 20 which is a little further away we'll see um and you know i continued upside from here so really i think things look good you know if your favorite asset that you're holding is down maybe 10 or 15 percent uh in the last few days it's nothing to worry about you know after such a big bump up, it's totally normal to see.

5:17And, you know, we're kind of back in a little bit of a by the dip, you know, getting ready to bounce. I feel like zone for a lot of these and it'll be, you know, another leg up hopefully soon. So that's that's kind of what I'm looking at for big overview. And then, you know, we'll dig into the littler stuff now as we as we go along here. Absolutely. I mean, definitely bullish signs on the horizon. Crypto ETFs last week recorded their third best week on record of inflows coming in at$3.4 billion. $3.2 of those billion went towards Bitcoin. So definitely some interesting bullish things on the horizon.

6:00Hi, 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. Reminder, everyone, if you have any questions, if you have a coin or a trade or a chart that you want us to look at directly live on air, Just throw it into one of our chats, whether that's on Twitter, on platform, and we'll try and take your questions live.

6:45Chris, so what are we thinking in the way of trades this week? I know you've been using Jamie's dashboard to help you identify some nice trades. What have you got for us this week? Yeah, and once again, it's pulled up some really, really interesting stuff. I wanted to first comment on the dashboard by talking about the top 200 market cap versus top 200 equal weight and note that over the past 30 days and over the past seven days, the equal weight has led the charge somewhat, which is basically telling us that altcoins have outshone the larger market caps. Um, so it's not alt season yet necessarily, but we're starting to see, uh, stronger signs of strength within the, uh, lower market cap sector, which is interesting to me.

7:32But if we drill down a little bit, um, there was a couple that really stood out to me. One, I like to first just look at, you know, what's got the highest percentage over the last 30 days. I'll typically start there. And so digital currencies led that pack. And then within that, I start to, you know, look and see, well, what's, you know, what's going on within the rest of the stuff. So meme coins is generally high. General is high, which I'll get into in a second. Privacy has been the strongest really over the last, I mean, honestly, the last year, which is interesting. We talked about this a few weeks ago.

8:05And really this sector is just made up by Monero and Zcash. And I'm not going to necessarily recommend them because they're just sort of a unique thing. They're a bit of an outlier. So I want to go back to the general. and I'll sort this by the 30 day, just see what's done the best over the 30 days. This was interesting to me to see both BSV and BCH kind of leading the charge over the last 30 days, which again, I'm not gonna recommend. There's a lot of sort of noise, if you will, in the upper half of this chunk here. But one of the ones that stood out to me was this Ultima coin. And it's green across the board.

8:42I mean, over the last year, it's up almost 400%. over the last six months up to 222%, you know, 42 and so on and so forth. And so I'm like, I don't know if I even know what this is. What is this asset that, you know, is seriously outperforming everything? It's something I would have never stumbled on had I not been looking at this. And so I went and pulled up the chart and I did a little bit of digging on what it was. It's actually, it's a layer one. It's kind of a unique layer one that's sort of building its own ecosystem. And it's got some interesting, I guess, memetic properties, if you will.

9:18It's, you know, there's a lot of block going on socially with it, a lot of sort of gamification, a lot of things to kind of keep the audience interested in what's going on. It's been around a minute. It's not brand new. It's, you know, it's over a year old. So I was like, this is interesting. And if you look at the chart, I mean, back not too long ago, at the end of December, it was down around 3 ,800. It's up around almost 20 ,000, which I'm like, what is what's up with this token supply? What's up with what's with these high prices? So I looked and it's actually got a really low circulating supply.

9:50I think it's only got a max a cap of 100. Forgive me, 100 ,000 tokens, if I'm not mistaken. Let me double check here. Yeah, 100 ,000 is the max supply. So 100 ,000 tokens. The market cap is only 746 million. So we're talking, you know,$20 ,000 tokens and but yet only a market cap of 746 million. So it's currently ranked at number 203 in the market cap ranking. So it's still a ways down there with still quite a bit of upside, despite these massively high priced token prices. Very interesting. Also, this big volume breakout caught my eye. As I know, as you know, I'm a kind of a favorite. These are a favorite thing of mine to see.

10:30So the big volume breakout was interesting, but we're seeing a bit of a pennant pattern here. You know, like if we look, it's a little bit lower highs kind of across the board and then higher lows, which sort of forms this this wedge that we talk about. Oops. I can use this here. Right. But anyway, yeah. So you get the idea. So kind of what I'm looking for here, to me, this isn't a buy yet. But what I would want to see is a breakout and a higher high above this level right here, where it kind of bounced off where the previous touch on the top of the wedge here was. So I feel like if price can get back above this around 21 ,800, to me, that would be an interesting breakout that would signal that, you know, it's got some upside potential.

11:17And then if you look at it on this trading alpha indicator, too, it's starting to show signs of a trend reversal, you know, breakout as well. Like we had red candles, we had a yellow track line, but now suddenly the track line flipped to green and we don't have green candles yet, but we've got green dotched, which signifies a potential trend reversal looming. So all of this is pointing to, you know, a potential breakout. Also, this clouded area signifies a liquidity squeeze, which generally means a big price move is looming. And it looks like it could be to the upside given the way the trend is going.

11:52So again, it's too early to tell. I'm not saying buying this yet, but if we do get a breakout, I think above this level where it sets a new high, basically sets a higher high from before, then I think this one has some room to move, even though the price is really, really high at, you know, 21 ,000 a token or 20-ish, give or take right now, because the market cap is so low, because the supply is so low, of course, you're going to get high token prices. So this one was interesting to me, And I wouldn't have found it without that dashboard. So again, thanks to Jamie Coots for calling that out. And then if we go back to the dashboard real quick, virtuals was another one.

12:30If we kind of dig in a little bit more and look at some of these other sections, was it, where was it? DeFi, was it applications? I think it was, no, I can't find it. Hold on. Smart, no. Infrastructure, yeah. And then AI. I was digging through AI. AI as a sector has really bounced quite a bit over the last month as well that we can see. And so I drilled into the AI sector because I knew that and we've been looking at it on our Monday show. And virtuals is a chart that we've called out before. You know, noticed it bounced really well out of the lows. And as if any of you have been following my ongoing monthly portfolio, model portfolio reports, I held virtuals for a long time.

13:16I think my timing was just off on that because I got out of it perhaps a little too early after writing it down quite a bit. And I always had faith in it. And now it's proving my faith right, even though I sort of capitulated at the lows on that asset and sold it. But nevertheless, it's bouncing like I thought it would. It's up 120 % over the last month. And if we pull up the chart on that briefly too, it's been really, really strong. It's got a nice bounce. and big volume breakout too, which I've noticed. And it's sort of right back up to its bull market support band. You know, it's moving averages are deviating further apart.

13:57It's not even, you know, a lot of the assets that we've seen are coming down and touching their 10-day moving average. Some of them even touching their 20-day moving average. Virtuals is barely just creeping inside the top of the Bollinger Band. So it's showing sort of outsized relative strength, I feel like, right now. And, you know, it's definitely got the wind behind it. and it's running pretty good. So yeah, another one that caught my attention, again, from the dashboard. So solid chart for sure. Yeah, nice find on both of those. One thing about Ultima that I noticed while you were talking about it with the volume, I mean, obviously beautiful volume spike on that coin recently, but also historically it's had pretty consistently nice size volume as well with that nice breakout recently.

14:44So definitely something promising and worth putting on your radar. Great use of the dashboard. So we do have a question coming in from Sigma on YouTube. And Sigma, I'm glad you asked this question because that leads me into one of my trade ideas. And then we can actually have a nice little conversation between Chris and I and what we think would be the better. So Sigma's question is, what is the better SWE beta play, Deep or Cetus? So actually, I want to highlight Dead Oxide Swee. Goes by Slayer, or formerly known as Slayer in our Discord. So he put in a trade idea for Cetus, which is the number one dex on Swee.

15:27Really like this. He's been talking about Cetus for a long time. Cetus had a very recent breakout. I think it's up over 100 % over the last 14 days. It's still 58 % off from its all-time high. so I really do like this as a trade right now because listen, you guys already know I'm a big believer in SWE but I think ultimately if you think SWE is going to continue to run this isn't a bad beta play to really capture that upside especially being that it's 58 % off of its all-time high and should run further than that as SWE goes as well so with that being said Chris, what do you think? What do you think is a better If we had to take one beta play for Suite, what are we going to take?

16:13Are we taking Deep? Are we taking Cetus? Let's throw Lo-Fi in there as well, because I know you've been interested in that recently also. So what are we taking as a beta on Suite? Well, let's look at the charts so we can get a little bit of an objective stance first. So Cetus looks okay. Like, it hasn't been as strong as Deep has overall. all uh deep started stronger out of the gate which we'll get into in a second um but cedis has definitely had a nice bounce here for sure i mean it really uh recovered a lot of its its losses you know uh rapidly over the last week like like a lot of stuff has um and it's recovered its bull market support band and and it looks to be sort of reversing its longer term trend so definitely credit where it's due i do think cedis looks good um i gotta say though i think deep looks better and we've talked about deep a lot on our show.

17:06As you know, it's a very popular topic and it really had a much stronger breakout. I think this candle here was like a two X in one day, basically, and it broke through its resistance. It's kind of come back down. It's testing at a support right now. It's right at the 10 day moving average also, but it's just stronger overall. It's well above its bull market support band, which you can see kind of hidden in here. I know this chart's drawn up quite a bit more than the last chart because we look at this asset a lot. So, but nevertheless, I do think that deep has, it looked, it just looks better structurally.

17:41It's got a better looking chart overall. It's got better relative strength. And to me, I think it's just got more momentum. So I would, I would go on that now between that and lo-fi. I mean, that's a good question too. Let's, or actually I got it right here. lo-fi lo-fi is a little bit different because it's newer um and because it's a it's just a straight meme but um that doesn't you know that that shouldn't dissuade you necessarily from holding it it just being a straight meme there's plenty of i have a lot of money in memes right now so um i mean that's they're entirely valid is my point um this one's tricky you could argue that lo-fi has a little bit more room on the upside because its market cap is lower than deep.

18:28I think deep is above a billion already, if I'm not mistaken, whereas lo-fi is, what is it? 28 million, I want to say, something like that. Lo-fi is low. So yeah. So lo-fi, obviously it takes far less money to move the needle with lo-fi. But also it's that much more risky because it's further out the risk curve because the market cap is lower to begin with. So you have to kind of factor all that in a safer bet, quote unquote, would be deep. But that's not to say that, you know, Lo-Fi couldn't ultimately outpace it in outright percentage gains again because of its lower market cap to begin with.

19:06So I think if Lo-Fi gets a nice bounce here and catches a solid bid and continues this trend upwards, then, yeah, you know, I think it warrants having some exposure to it. I actually got a few percent exposure to lo-fi last week off of this bounce too, off of this nice volume breakout as well. So I don't know. And then where does that leave Cetus in the end? It's funny. I struggle with, I don't know, something about DEX tokens for me just don't appeal as much. I don't think they generally go as well. I mean, you know, there's exceptions here and there. But even the top performing DEX tokens, your Uniswaps and stuff like that over the years, they've never really blown up and gone to the moon and been like this sort of outsized gains beta play that everybody thought that they would be.

19:55And so I kind of want to lump seed us into that category a little bit for better or worse. And so to me, it just doesn't appeal based on that. Whereas Deep has a unique use case because it's just liquidity across the entire basically SWE ecosystem. And then, of course, lo-fi being just a straight up meme, which is just pure speculation, but that can do well, too. So of those three, I would say deep and lo-fi. And of those two, man, flip a coin. Again, it kind of just depends on your risk, your risk, you know, however you want it, your risk profile, I guess, if you will, and sort of how you want to approach that.

20:35I would own a little bit more of Deep maybe than I would of Lo-Fi, just given its sort of stability, longer-term stability. We know it's not going anywhere. We know it's a deeply entrenched core piece of infrastructure within the SWE ecosystem. And so I think if SWE does well, Deep is automatically going to do well. Whereas Lo-Fi just has to kind of keep people's attention, which it very well could. But it's a completely different dynamic going on there. And so deep is the safer bet. Lo-Fi is more the home run swing of the two, I think. Yeah, very well said. Sigma, I would definitely go with deep.

21:14Between Cetus and deep, I would go with deep for sure. Just because I like being the liquidity layer. I like that narrative and just that use case better than an actual dex use case. If I'm choosing between those two. Cetus, though, I do think it's interesting. just because like people are so excited about SWE right now so I'm just wondering if it could have a similar type of trajectory that like Radium and Orca had on Solana last cycle but then again Chris like brings up such a great point about kind of that Dex narrative into this cycle so I don't necessarily know if Cetus could could break out from that but uh you know regardless I do think they can get back to their all-time high uh so you do have some upside there um very well said So one more trade I want to call out as well.

22:03This is purely a mean play, guys, is Housecoin. It's been all over the timeline. So I'm sure a lot of you have seen it already. It's currently, I think right before Chris and I got on air, it was just above$100 million on market cap. When we first talked about this on Monday, it was at about$50 or so million market cap. So it did see a 2x. I think it's just an interesting thing to monitor from a narrative perspective. I wouldn't it feels tough to say to buy this right now or to kind of put that on there because I myself haven't even bought it yet. I do. There are some people that I really like on Twitter that do see this kind of going the ways of a fart coin and having a nice little rise here on out.

22:50But I think it's something to look at. And just also it's a good one to like study and see because Housecoin has been around for a month. And then all of a sudden, the last few days, it just skyrocketed. So I think watching some of that, seeing how that narrative played out and seeing you can apply that to something else with some dry powder down the line could be a good learning lesson. So I definitely wanted to mention that in case it wasn't on your radar. So you guys could check that one out. And then also, I want to go back really quickly to Deep and Lo-Fi on the market cap. Deep is at a 450 million market cap and the low-fi is 28 million market cap.

23:26So yeah, definitely a lot of upside on both still to capture. Yeah, I must have confused it with something. I thought it was around a billion, but definitely. Let's hope it gets there. Yes, yes, for sure. So I wanted to touch on the, I brought this up on our Monday show too, but there's this website I've been using called CryptoRank. and one of the tools I use to try and find what's hot at any given time is I pull up this list and it basically sorts assets by the amount of time since it last set a new all-time high. And then I filtered it by a market cap of 400 million. So I didn't want to have anything too low because lots of stuff comes out every day that, of course, sets new all-time highs all the time.

24:12So I wanted to filter it by 400 million on the low side so that it was really only established established assets, you know, that were showing up on this list. And one of the ones we talked about on the Monday show was this Solair or Lair token. Since that time, it has gone on to set yet another new all-time high just today. So again, I thought that this list was super handy in identifying that. And if we look at the chart, actually, which I've got right here, it's a really super interesting chart. And it continues to intrigue me because it's just this sort of super steady grind upwards, you know, with just plodding along, poking new all-time highs, probably every, you know, week or two.

24:54And, you know, just really steady. And it's just really interesting price action to me. And, you know, it's so far so good. I mean, it hasn't really, I'm wondering what's going to ultimately break this trend or when it's going to close below the 20-day moving average. But in the, you know, almost two months that it's been open, it's just been a real steady climb, but you like to see that with brand new assets, you know, that aren't out very long. Typically you get these really erratic, weird price action with huge candles up and down, very volatile, you know, and you just can't, you can't base any, you know, inside off of it.

25:29Whereas this chart, you've got a clear, clear structure that's in place, a clear trend that's in place and a very, very sort of clear invalidation level. You know, that at some point, if it does break either of the, you know, if it does break this, this moving average and close below it, that's a very clear signal that something suddenly is different, where it is in a much more erratic volatile chart. You wouldn't really know you'd be like, well, it went down 90 % last week and it went back up a hundred percent the day after. And it's like, you don't really know if you should get in or get out, but for some reason, this chart is just very, very clear.

26:01And so that's kind of what appeals to me about it, you know? So I don't own any of this, you know, to be clear, But for some reason, you know, again, it caught my eye because it just, you know, just today it's at another new all time high. So whatever's going on over here is interesting. But it's, you know, I wanted to talk about it because it was an interesting chart. And I wanted to shout out the CryptoRank website because, again, I use that all the time, you know, for not just newer stuff like this layer, but for for any asset like I want to know the last time, whatever Bitcoin hit a lot in all time high or SPX or any of these other tokens that we're following.