Trader Talk by BTCC

So hi everyone, thank you for coming. BTCC AMA with Ben Crypto today. Please repost the AMA post at top. And please comment. I don't see the comment section. Do you? I, yeah, it's not popping up in my mind either. Right. I don't see the comment section. Well, for the listeners, please post your comments and questions on the AMA post comment section. Please. I don't know why it's glitching. Did X have an update again? Maybe this is the same the comment section missing before. But yeah, I guess if they just go to the AMA post at the top of the. Oh, I, oh, I see there was an update. I didn't, I didn't update my app. So maybe that's why. It was an AMA too. OK, well, let's start the AMA. I will, OK, so I will start with my introduction. I'm Lisa. I'm a crypto trader. I'm, I'm Japanese in living in Tokyo, Japan. And normally I do the weekly AMAs for BTCC Japan. But then, then again, also I'm regular speaker on wolf Bitcoin spaces every day. I've been in crypto since December 2017. I I pretty much done everything like started with buying on spot and then went to the trenches. And then right now I am trying to become a successful trader as a perps trader, future trader. Yep. So Ben, please introduce yourself. Sure. Thanks for that intro. Yes, mostly a content creator of a YouTube channel. Ben, crypto, I'm a couple lot of meme coins mostly. Also some top 10 coins, a lot of Bitcoin Ethereum, that sort of stuff. Technical analysis, big in the terrible in the classic community as well. And then on the trading side, I do both a lot of spot meme coin buying, a lot of low caps. Obviously Robin Hood's the one. They're both hot right now. And then I also do some futures trading too, mostly Bitcoin. So kind of sort of a checkable address. Okay. Okay, cool. I didn't know you do Bitcoin trading on pups. Yeah, I do. I have it in the last few weeks just because all the Iran war stuff and the man that every single week, there's something new. I would like CPI data coming out or interest rates are going to go up down, jobs data, which always tends to have an effect in those announcements. They're always right in the middle of the week, Tuesday, Wednesday. So it's risky to open up a futures position the days before he can right after, but mostly the Iran war kind of makes it. If you're in today's swing trading, it makes a little risk here. If you're kind of holding a longer term futures position, then it's totally fine. But once that gets settled, then I'll be doing, yeah, several days a week, every day is an in today's swing trading. High margin and I mean, low margin and high leverage. That's my style for that kind of trading. Okay. Cool. Do you have any price, maybe to TA for the Bitcoin price? Not really a specific TA. I mean, we're going to go up at some points. It would kind of more at the cyclical data. And then August and September, they tend to be the two of the worst three performing months for a year on average for Bitcoin since 2013. The good news is that the following month October and November, the two of the three best performing months for a year. So obviously, we've been in a 10-month market downtrend and then we've been in this both 60s high fifties for six months since February. So it's got to turn around at some point. I would have thought the market would have turned around. Already we could turn around tomorrow. We could have most people think October obviously because, you know, 23, we started pumping October that ended the 2022 bull run and October is a good performing month. So a lot of people think that could be, I would say by the latest, by mid late November because December is typically a four performing month. I think October and November, we definitely are expecting and want to see some more movement. If we're not seeing anything by then, then we might have issues, but that's a one percent chance. So anytime from now until Thanksgiving, I would say probably early to mid October is when I'm predicting it. Hopefully sooner. We'll see. Right. Thank you. So recently, you've been playing with Robin Hood memes. Yes. Yeah. Robin Hood. Yeah. Sure. Yeah. I mean, right. So we've seen a lot of times and like a couple years of chains, memes will become trendy and hot for like a month, a couple weeks, and then they just kind of can't last after that. And then they dump after we saw that with Tron memes two years ago, with the NB memes, about nine months ago, even XRP memes, they had a little run right there. But we're seeing some staying power with Robin Hood. It's been exactly six weeks. So around the three to four week mark, a lot of people were saying, you know, we saw some dips in the major memes, a cash cat, looked like they might fade away as the way Tron memes did two years ago. But that's exactly, you know, Robin Hood is the founder. He smarts exactly when he listed a cash cat on Robin Hood, which basically just rejuvenated the entire chain. That was about a week or he can have to go. He lifted that. So now we're six weeks in and it definitely does look like Robin Hood memes are here to the day and they will be a big competitor to salon. It's even gotten so hot. They've been kind of, now that they see a competitor, they've been kind of working much harder, the token pump fund has been the number one top performing coin of the last three days in the top 100 basically just because they're whole team, dev team is considered re-evigurated by the Robin Hood energy. So yeah, I definitely see memes both Robin Hood and Salon are being bullish. Come on forward here. Do you have any tickers other than cash cat from Robin Hood? Yes. So the first moving animal coin almost always does well on chains that is cash cat. Robin Hood, they can base spread with base chain that got up to 2.2 billion market cap, Dogecoin and Sheep on the Ethereum side. They got a tens of billions, even Pepe wasn't really a first mover but it kind of was the first animal meme coin of the 2023 start of the ball run that got up to 12 billion market cap. Salon, there was bonk, that was the first animal movie meme coin that got up to about 4 billion. So that's why cash cat, it stuck around, I think it's at 160 million people are excited by that because you can see the billion dollar M to see potential right there. That's on the larger scale. There's a bunch of other ones, there's a stonk broker, that probably is the prettiest chart in any coin on any chain right now. That one's gone about 0 to 70, 80 million in about a week. It's literally higher highs, higher lows. That's bringing that NFTs too. Their NFTs for prices are increasing and it even higher rates, faster rates than the chart. That's the good one. Some smaller ones like Yolo, that was pumping today. If was bigger earlier in the week, the smaller one, it's all good in the hood. A bunch of coins like that, index, that was good about three, four weeks ago. So the whole ecosystem is looking pretty good in my opinion. So, but what's your picks for the future on robbing the chain? I'll just get them. I'm definitely most bullish on cash cat just because the first animal coin is usually a dog coin. The cash cat is a cat coin which happens to you as well but people kind of hold on there. Now, I mean, Robinhood, the founder of Vlad, he's shown that he is going to start listing Robin of Mames. He already, this was the first, they've only listed 13 total memes since 2018 on Robinhood. People think, because it's retail, they would've listed a ton only 13 memes. But this cash cat last week, that was the first meme in one year. So that's why it was a big deal. People think that they aren't going to start listing a lot more Robinhood memes which I think they will immediately earn another month or two, tough to say. They might wait for the market. I was smart, but just their willingness to list more. That's kind of reinvigorated. The whole chain, the cash cat is the one I have definitely the most bullish on. It's more of a huge bags for that one. It's supposed to throw a couple thousand dollars into some of these lower market cat plays. Just different styles basically. I was, I need to do Robin. Yeah, you should. Yeah, I need to look into Robinhood chain because I don't really know much ticker's other than cash cat and jammycy. Jammycy, yeah. That one is, I think that's on Sona, right? Oh, really? I think so. Yeah, but that one was popping a couple of weeks ago. It was a very good performer. I haven't coiled to the chart about a week or so, but I think that was Sona. Oh, really? Well, it was popping up. I need to look again. Yeah, I need to look again on Robinhood chain. I've seen BS, BNB memes have been pumping as well. So overall, the memes, the chain, the memes are pumping overall recently. I think it's because Bitcoin's been sideways forever, right? When Bitcoin is sideways, the old's pump, right? Yeah, that's the weird part. So it's obviously the hardcore people in crypto office influencers and the retail crowd are far worse. And that's why it's as engaged as ever right now. That's why memes are popping now. Why Bitcoin, Ethereum, Sona, why they're not popping? I still cannot really explain that other than it's just a cyclical thing for a year, cycle even though I didn't like it previously. It does look like it is kind of holding up, which means we are in that sort of nine to 12 months period where prices do go down. But on the plus side, we have been seeing institutional ETF inflows. They've been much more inflows than outflows in the last couple of weeks. That's basically caused the market to just nuke in June. Bitcoin ETF, spot ETF, it was literally 14 straight days of outflows. More money was being pulled out to go into AI stocks, supposed to be put into Bitcoin, but now that the AI stocks are kind of telling, we have seen what the stats here. The Bitcoin spot ETFs in the US, so it's been six of the last seven days, have been inflows. More money coming in and then out Ethereum. It's been 10 of the last 11 days. More money coming in and then XRP's ETF. It's a bit frank, one sample, and that's had four straight inflow days. The signs are all point to the broader market. The top 10 cards turning around at some point, and we're still at 63K. It's frustrating, but the interest is just, it seems like it's as great as it was when we had 120K, so it's only matter time before we start pumping, in my opinion. Yeah, and the clarity I didn't go through before the summer recess. What do you think about that? Was it bad? That it didn't clarity didn't go through before the summer recess? Not really. Obviously we wanted to go through, but we could kind of see the odds on the Polly Market will get passed, whether you can be a voter, and keep going down as each day got closer to their August 7th recess. But the good news is, it looks like when they get back from recess, they do want to put that in the forefront right there. And then we also, the SEC that make their own version of the Clarity Act and then the CFT that's another governing body here, they're making a separate version, and then there's the side version, that's the main Clarity Act, we got three competing bodies all kind of Russian to get the latest Clarity Act out. Part of the reason is because Russia actually beat us to the punch. They just, they're like crypto, innovation, rules act, whatever they call it, and they pass that about two weeks ago. So, you know, you ask we don't want to get shown up by Russia. Obviously, now everyone's kind of Russian, get some legislature on the bill there. Have you had that been making a lot of news like in Japan, like the US Clarity Act? Yeah. Okay. The Japanese crypto scene has been speaking about that also, but I don't think, I don't think it has much, much effect. Yeah, people, I don't think people really care about it as much because there's, there's more things going on in Japan like the regulations, getting people are kind of upset about that there's, there's FSA is like SEC, it's the Japanese SEC's FSA, they, they've come out with some harsh regulations on restricting like quick withdrawals. So, and they, they're coming hard on crypto. So, you know, we haven't had good news over here to be honest. Yeah, so a lot of people don't realize back in the Mount Gox days, 2013, Japan was the global leader of crypto, they were much more forward than the US, they were the global leader of Asia too, South Korea hadn't really discovered at that point because Mount Gox is based in Japan, but then when that blew up, Japan kind of understand that 90% of the trading volumes every day were going through Mount Gox, so when that blew up, basically kind of tacked the whole industry for a few years in Japan to understand and we just lost interest in crypto, obviously it's very kind of tacked friendly country the way the US has created economy as well. So it seems like it would be natural that it was crypto up, so yeah, I'm glad Japan, I also heard that you guys have this big like cryptocurrency conference there in Japan two or three weeks ago, I heard the vibes were unacculent. What was it called? WebX? Okay, cool. Yeah. Did you go to that or? Yeah, I did go. Yeah, it was cool. It was cool. I went to some side events and yeah, it was really cool to meet people, new people, network with the vibes like, always excited or? Oh, but people were saying that there wasn't as much people as last year because the market situation isn't really good right now. And I heard that people were saying that there wasn't as much swag as last year, meaning that this year, projects didn't have as much budget as last year because of the market condition. It was a standard, you know, BTC was 120 K last year, so obviously we're going to have less attend to the team, so kind of raining and there are budgets that make sense.