TIFT Final Hours: Bulls, Bears & the $3M Finish

FT participants should check before the finish. And at that, we'll hit some user submitted questions like usual. So real quick, the other speakers we have here, do you guys wanna give a brief introduction? And then answer a quick question about the rest of September, bullish bearish or selective? Go ahead and give a quick view on that after introducing yourselves. Yeah, I'll take the floor first. Hey everybody. I am the host of 24 hours crypto and also the founder of one of the tokens on the XRP ledger. I've been in the C-Coastum for about 10 years now, been trading about for eight years. And for the month of September, I am very optimistic that things will turn around. Right now with the geopolitical events, the interest rates and pretty much the reshuffling of the back end of the economy. Things are gonna be a little bit volatile, but I'm very optimistic that things are gonna have a drastic turnaround to a 180. And everyone's gonna be like, wow, we didn't see that one coming, but we gotta be here as traders, ready for that move. All right, cool, thank you. Yeah, we'll dig into a little bit more in a minute here. But yeah, let's keep on going along with introductions. We wanna go to Luis. Luis? Yo, it's Luis. Luis, my bad. I can't read. Yeah. No, it's good. I think there's like a French version and a Spanish version and some other version. So, but yeah, no, it's Luis. Yeah, no, my theory is that September is gonna end red for Bitcoin, but be green for specific all. Interesting. So you gotta be super selective in what you're going into. Cool. I also had a quick introduction other than your. Sure. First share, first share. Yeah, yeah, I'm, my name is Lewis Raston. I am a host on Coin Bureau and the Coin Bureau trading channel. And I've been a trader for about eight years now, nine years almost now. And yeah, I mean, did really well. I love studying cycles and cycle theories and things like that, I'm not sure, all this stuff, price action things. And yeah, I try to just like follow data and just see what where the money flows to. And I'm totally agnostic and don't really care where it goes to. Like I know some people are like, oh, I don't, I don't do mean coins or I don't do these or I don't do that. I'm just like, you know, where's it going and where can I make money and as a trader to like get in and get out and, you know, it's stack horse apps. And yeah, it's been maybe like eight years of that. So, all right. Well, thank you for joining us today. And yeah, we'll dig in more into the topics in a few minutes. Well, let's move on to Matthew or Matt. Matt's good, mate. Thank you. Cool. Guys, I've been a host on Coin Bureau as well with Lois. So we're on both the Coen Bureau and Coen Bureau trading channel. Similar to sort of Lois as well. I don't really care sort of so much what I'm trading as long as it's making money. But I have been in the space now for close to nine years. Also found of Empire Crypto Trading as well, which is a massive educational platform plus live trading and things like that. That we do every night. In terms of Bitcoin and optimism of crypto, I do think September is rather bearish. I'm already in a short position of the 82K sweeps. So for me, I'm looking for the next down towards the 75K zone. But I do, I had liked the fact that I would have been moving the opposite direction recently, but I think it's going to be relatively short lived is my bearish approach. Sorry, guys. All right, gotcha. Oh, there's a little feedback. Yeah, well, OK, well, cool. Well, give me some time to dig a little bit more into that. And a bit. By the way, Mindpillar, I see you there and I've tried to send you a speaker request like 10 times. I don't know if you can maybe accept it or send me a speaking request on your side. I don't know what's going on there. But hopefully we can get you up here as well. In the meantime, though, let's keep it going. So OK, yeah, before we get into some of the TIFT stuff, let's dig into this market question a little bit again. Oh, hey, hear me. Yeah, actually, we won't be speaking from this count. If you see devil trader, could you add him as a speaker? Basically, because he's sent the request a few times. OK, do you do? Do all the trades, right? Yeah, trades. Sorry. Oh, OK, OK, cool. Then he'll be the ones who have to take it. Perfect. All right, thank you. Yeah. OK, cool. You're up. Hi, everyone. I'm devil from Mindpillar. I've been trading for around nine years, almost nine years. And I actually do not care whether we in the bull market or in the bay market, whether we're going to sweep the highs or the lows. I'm a day trader. So I basically trade the structure in front of me. I can be bullish in the morning and bearish in the afternoon. And I'm just basically scraping my dollars from the market. So from a September perspective, I actually do not care. But from an Elliott wave perspective, because I do specialize in Elliott wave theory, the structure has not proven itself to be bullish yet. It's still a three-wave structure to the upside, which means that the $57,000 low can still be taken. So unless the structure forms a five-wave structure to the upside, then I will change buyers. All right. Gotcha. Cool. Thank you. And yeah, that's jump right into the next little part here, kind of digging into where you covered it during the introductions. So yeah, Bitcoin's next move. Do you think there will be real demand or another fake out? So obviously a bit of background, like US markets returning after Labor Day. So what would convince you that Bitcoin's next move has like real buyers behind it? Spot volume, ETF flows, or something else. I think everybody here trades a little bit differently. So who has to take that one? Basically, what would convince you that Bitcoin's next move has real buyers behind it? Or sellers, if you're in that direction? I'll take this one. I mean, it's going to be a little bit hard to, so here's the thing. There's a couple of ways you could look at the real demand or another fake out for Bitcoin. We are entering a structure where utility tokens are really going to decouple from tokens with their past narratives in regards to Bitcoin being a store of value. However, the real demand for Bitcoin has already been there. We've seen the biggest narratives from the BlackRock ETF back in 2023, or Prickman from where I might be 2024, when that got approved. So the demand for Bitcoin and the market resilience for Bitcoin is there. It's just a matter of how, with my opinion, they're going to create more demand. Because you can't have Michael Saylor just announcing buys, buys after buys. And it's going to be interesting to see. I read with what Del War said. There's still those 57 levels can be touched. It doesn't look like Bitcoin is struggling to smash through the $82,000 level. And it's going to be interesting to see where it's going to say. So my stance is that the demand has always been there. It's just about what the next adventure is going to be. Yeah, I guess this question is a little bit like zoomed in. I kind of like the first one about this month. As far as the next move you're kind of watching for. And what would confirm that it's potentially a real longer sustained move, I guess. Get an S to the next level or back down the level. I mean, the Clarity Act should kind of pave the way in my opinion. Yeah. Or to see what kind of certainty we're going to enter. But if anybody else want to piggyback off of what my thoughts are, please. I was just going to add, I think, similar to what you're saying, I think the big thing that comes in next is not so much where the demand comes from, but where the Clarity comes from. Sorry, the pun. But it's more so the regular aspect because I feel we've got the ETF flows, we've got spot volume, all that sort of stuff. But I feel like a lot of big players are still very much sitting on the side because there's no clarity as to how they actually go into the market safely from a regulation standpoint. I think that's the biggest thing holding crypto back at the moment. Plus at the same time, not so much just that, but the element of the macro outlook is not supporting really any sustained move in my opinion, with especially the next eight days that are coming up with the BIOJ and the interest rate rises. Plus the debt, the debt continues to climb. There's more in the background that's not been seen. And I think that's the part that is still missing for a lot of people that are in crypto. It's no longer just the game of also go up and Bitcoin will follow the institutional drive plus the macro outlook just has such a bigger play since the ETF's jumped in as well. So maybe in the short term, there's too much, like real world big impacts that are unknown coming up for any chart movements to be extremely confident in the moment. That's my take. There's also obviously, there's a massive sell war at 82K, which is a big resistance point, but I also look at a lot of the data that's coming through at the moment with the war news and things that are ramping up. I know it's been gone going for a while, but seems to be escalating. And I'm a big focus point of the oil markets that's too dictate where inflation is going to be rising towards. And if that continues, then I feel like Bitcoin's going to be the first thing that's put on the pressure. Gotcha. And it's going to happen real fast. Like if you guys take a look at the week we work for Bitcoin, you could see it's been 1, 2, 3, 4, 5 or something, like 10 weeks, right? Straight going, chop and chop, you sideways, and a matter of a week, 62,000, all the way to 80,000, and a matter of one of your candles. So we're going to see those 20,000 and then eventually $30,000, $40,000 daily moves for Bitcoin. It's coming. Gotcha. All right. I have a difference perspective. All right. So I've been, you know, I used the ETF data last cycle to really like help me in my trading and stuff. And like I've been tracking it. And we had some of the biggest bids that we've had in a really, really long time, very, very recently. And I mean, to me, that is the institutional demand showing that it is a bull market, and that we're not going to be going back down. And also, like you pair that with the fact that not Bitcoin, but Ethereum, Solana, and all these other coins already had a weekly market structure break to the upside. And that only typically happens, like in bull markets, you know, or at the bottom of the bear market, like right when we turn around. That's, that to me is like, OK, I'm 100% convinced that or 99.9 because you could never be 100%. That we're in a bull market. And like, yeah, we might go back down to 74. But I'm like max bidding on the way down, like on any retraces that we get. Because to me, I'm already convinced the data. All right, cool. And actually that ties in, oh, yeah. DeWalb, did you want to add into that before I was going to tie it into the next question? Yeah, I'm just from my side. Because I'm a technical trader, I don't really care about fundamentals. And so from, from a technical perspective, what I do know is that if Bitcoin can claim the $82,000, $85,000 properly, you know, and make a nice little higher, high from the local structure and not claim $70,000. It will open up the door for a bullish structure. But if Bitcoin falls down from here and claims $70,000, it's not going to look good for the bulls. So I rely on structures to show me the way. As per the previous bull market before it started, when we made the lows there at $16,000, $17,000, you will see that there was a five-wave structure from an Elliott wave perspective to the upside, which then opens up the door for a higher low and continuation to the upside. And for the moment, unfortunately, the structure based on current price action is still a three-wave structure. So if price can take the highs properly without claiming $70,000, it then at least opens up the door for me from a technical perspective to say, OK, I will analyze the correction. If it's an overlapping, confusing structure to the downside, you know, WXY, whatever the case might be for those of you that do understand Elliott wave theory, then I will start loading up aggressively. But until then, I mean, I'm short from $82,000. Position protected profits taken already and I'm just leaving a runner to the downside. All right, cool. Thank you. Yeah, that definitely adds another perspective to the take. Yeah, did you want to 24 hours? No, no, no, that was good. I love how we all have our different. We got the technical, we got the macro. And honestly, everyone's right. I agree with everybody. We're all on the money with the outcomes here, the potential outcomes. Well, like I said, that week we can't know that we saw, you know, that was, you know, no one really could predict that coming. But I'm very bullish in the locker and the medium short. And in the medium short term. All right. Yeah, I wanted to jump on to also all coins and potential alt season because all coins did come up a bit mentioning a few that had risen a lot. So do you think, do you guys think there's like still sort of the idea of a broad alt season? Does that still exist?