Transcript
Good morning everybody, welcome to the exchange.
Let's get we as latest update of the day.
Crypto is exploded for the past three weeks.
Bitcoin has been coiled in a razor thin rain,
crushing volatility to historic lows
as institutions quietly accumulated
and the spring finally snapped.
Bitcoin's surge past $75,000 fuelled by $600 and $6 million
in single day spot ETF inflows and triggering
over 270 million in short liquidation.
All coins caught fire in tandem XRP ripped 19% to $1.37,
while most other alls posted 5 to 40% gains.
Meanwhile, on Wall Street, U.S. stock futures
edged up 0.2 and 0.4% this morning,
but macro markets remain tense.
But macro markets remain 10.
Scott Besson expanded treasury bond buybacks
with out calming yield and investors
are bracing for Monday's reveal of Trump's economic
warfare plans against a room.
I'm Leah Bluewater for Simply Crypto.
This is in finance today for Friday, August 21st,
2026 more details in the comments.
Crypt, shout out to Leah for that.
I always want to have it pinned up and I forgot.
Let's get Leah's post pinned up here.
I love that she does this every morning.
It really gives us a good way to start the day.
All right, make sure you guys are raiding that post right now.
I will keep forgetting to take off my wizard hat.
I keep forgetting.
I kind of like it though, but I gotta get back to me,
but I don't ever want to, I remember when I'm doing my space,
but I don't want to take it off,
because we lose the blue check mark.
And it doesn't come back that fast.
It comes back much quicker than it used to, but still.
So, gotta remember, gotta remember,
Wolf, how are you today?
You bought me as I was trying to edit my photo.
Of course, thanks.
I'm great, I'm great, good morning.
It is Friday today, nice, I'm on it.
It's good, it's good and sore.
Still, I can't wait to heal enough, feel sore anymore.
Side's out, it's great day, sun is out.
Fell asleep to thunderstorms last night, so I was super nice.
And looking forward to today and the spaces and the community
and what type of madness we're gonna get into today, you know.
And I'm stoked about the market.
Well, a bittersweet, I'm happy and go back down.
So I'll get back in by morning.
So yeah, bittersweet.
Yeah, I have been looking at the trends
and how much it's gone up.
And it tends to drop in August and then the low in 23 for August
was 0.58 cents.
And by August 29th, it was up to 0.68.
Hi, yeah, 0.68.
And then it's like stayed, dropped a little bit
and stayed in that 0.6 range.
And then the next one where it was a big jump,
which reminds me of right now is actually October 19th.
So, you know, the cycle was so all over the place last time
that I'm wondering is it starting early?
Or is it gonna crash on Monday?
I hope it crashes.
So, I hope.
Yeah.
I just want to stay under 10 cents for a while.
That's all.
For a while.
While you're accumulating.
Yeah, yeah, it's like three more months.
Mm-hmm.
Yeah, definitely in January, I think.
Definitely in January, I think it'll pop off.
What's up, months?
Huh?
I said, stop coping Wolf.
You should about crypto when it was down.
Shh.
I've been buying.
Everybody who expects it to crash
is just a matter they didn't buy any.
Well, it was really awesome.
I just want more.
You just didn't buy the bottle.
You just didn't buy seven cent doge.
Oh, I definitely did.
I bought five and six cents doge,
but I want more doge.
I love doge.
Do you only get everything?
Do you only get everything?
Absolutely.
Now, everybody's speculating,
oh, the market's gonna crash somewhere.
And I'm just like,
yeah, I'm everybody should about more crypto when they had the chance.
Yeah.
Are you still working or bow, wizard?
Yeah, I keep forgetting and take it off.
I took my shirt off right away.
Well, I have to do it after this,
because I don't want to do it during the space.
Well, I just did.
Do I still have my blue check mark?
Because it's still there on my screen.
You don't?
You do not.
Oh.
It comes back in a couple of hours less.
Sometimes it's fucking 20 minutes.
Yeah, well, that's why I'm gonna wait.
So right after this, I'm gonna do it today.
Well, I like it.
I do like it.
It looks good on you, actually.
I like it.
I don't know why.
If only I can't do it.
But, um,
let's say I did a lamb.
We haven't seen you up here in a while.
How are you, my friend?
What's up, you guys?
How's it going?
It's going.
Morning, ma'am.
How's life been?
Man, I go to bed at 8.30 now every day.
I look boring and I get up late.
Yeah, I get to go to bed at 8.30
and I get up at 3.30.
That's my new thing.
Oh, so.
That's so really.
Well, you know, I have to get up before the kids
and the husband and I have to like go for my walk
and then I have to make sure all their breakfasts
are ready and lunches throughout the door and, yeah.
So you don't, you don't do that.
Good for you.
I do not do that.
Mm-hmm.
Okay.
How do you guys like this market?
There's what are your thoughts?
Do you think it's gonna crash on Monday?
I'm Monday, why Monday?
Leah's update said that everyone's bracing
for the market to crash on Monday
because Trump announces his economic warfare plan.
Economic D day.
Hope.
That's funny.
I do think it will take a violent pullback
and whether that be Monday, I don't know.
But it's going to happen pretty soon.
I did say last night on my space,
I thought it was gonna keep going to, you know, 70 to 80,
which were basically there.
Like we hit 79 plus this early morning.
And so that could continue.
82 is kind of like that big, you know, higher,
a higher low on the weekly.
If we hit that, I don't think we're gonna like beat it
and actually make a higher low.
I really don't think that's gonna happen
because I would put this out of a, you know,
a downward trend and back into like a bullish trend
on the weekly, which would be insane.
I don't think that's going to happen.
So I do say we do get rejected, you know,
anywhere from where we're at now to 82 possibly
and not for the go there, but it could possibly
stretch up there briefly.
So whether that happens between now and Monday
and it's possible, we see how they mess with the market,
like, you know, of course he's gonna like
act all bullish and get his crypto bros up there
for a little bit and just to rug it three days later, you know.
Like, it makes sense.
But I think it's funny how they've been like liquidating
people all the way up because everybody keeps betting
on the fact that it's gonna reverse too soon.
And they keep pushing it higher
and just keeps liquidating people.
So until they start betting more to the upside,
it's gonna keep going.
You know what I mean?
Like they need to bet, they need to be betting more
with the worth of leverage trade
and futures trade more to the upside
before they're gonna like switch it on everybody.
So I think that's probably, we're probably about there.
It's gonna start happening because, you know,
nobody thought this would keep on cooking.
I don't think for a little more on day three, four right now.
So yeah.
Yeah, and I'm looking back at trends and like August,
well that doesn't show very well.
July, August, it seems to go up for a little bit
and then goes back down but it does that again in October.
And I guess it's just one week candle.
So it's hard to tell but it does look like it does this
and then it goes up a little bit in December
and then comes back down to baseline in February,
up in April and then comes back down to close to baseline
in September of next year and then in October of next year
it'll really go up.
Am I reading that right?
No, this year it would be October.
I'm confused.
I mean, it's pretty hard to take away.
I'm on for a time of year
and kind of compare it to the rest.
But when you take like this portion of the market
or like the bottom of the bear,
I take like the bottom three months of the bear
out of last time around 20, 22, 22, 23
and then 2018, 2019.
I was a good one.
I was a good one.
Oh, okay.
Yeah, you compare those like the bottoms of the bears.
So now like you can see that there was the same.
There's a lot of all top movement within there.
Even if we've already seen below like if 60 or 57,000
was our low low for the cycle,
we're definitely going to be due for some kind of violent pullback.
Even if we only come back about half of what we've gained.
So we continue to gain now.
What are we up for the last week?
Are we up 25% on Bitcoin already?
I don't know, the numbers I'm on my left hand screen,
but 25, 30%.
I mean, most of the big moves in the bottom
were like 40% plus followed by like 20% to 30% pullback.
Yeah.
So either way, I think we'll get like some good opportunities
to get back in in a better way
and we are right now, but it doesn't be patient for it.
And you might even see better.
We might even see new lows still because after all we still
are in a downturn on the monthly end weekly.
So the daily is definitely flipped.
The daily is flipped green.
And when we closed above, we have the 200 SMA,
that first day that was all we needed
to flip bullish on the daily.
So, but it's not flipped on the other day.
So it's just going to take more time holding this higher price
and it's going to take the weekly closure coming Sunday.
So if we pulled back before the weekly closure,
that'll be a big tell.
And also the monthly.
Because right before GDNYC, we've got that monthly closure
and that's going to be pretty significant as well.
I'm looking at the edge because that's what was pulled up.
And I wasn't really realizing that.
But it looks like August 8th, the week of August 8th and 22,
which would be the same as right now.
We started at 0.6, let's see.
Our low was 0.67 and our high was 0.8 or 8 cents, 8.4 cents.
This so far, our lowest 0.69 and our highest 0.8, 0.8, 5.
So it's almost exactly the same just a week later.
And then the following week, it went right back down.
So if it, I mean, I almost assumed that it would do that again,
because it's really been following the same thing.
So I don't know.
Yeah, those are the weird ones.
We didn't have an all time high higher than the previous one, the cyclone.
The previous all time high was 20, 21, 73 cents.
We didn't get anywhere near there.
We were in the high 40s, almost 50, I think.
It's a 48 cents or something.
So big difference.
Kind of a down all in all, even though it still made it's good news
from bottom to top.
But just like Ethereum, like no new all time high is kind of thing.
It's like XRP in the prior cycle that we saw a cycle without a new high.
But then the following one, we obviously did, but not by a lot.
So we'll those do that again.
And.