Get Ready: Massive New Inflows Set To Enter Bitcoin

Get Ready: Massive New Inflows Set To Enter Bitcoin

[Music] hey everybody The Three Musketeers are back at your disposal right here we’re here to do everything we can to help you understand what’s going on in all markets across the board Scott and Mike how are you guys doing great so I’m gonna Kick the Can to you guys make put you guys on the spot what are we talking about first thing today I think we need to talk about the uh fed right fomc obviously yesterday not much of a change of tune which I think most people expected had someone on Spaces yesterday in the morning say he thought there was over a 50% chance that the FED would cut yesterday and then was immediately offered a h Bitcoin bet with odds and refused it so I think that that 50% conviction wasn’t quite what it uh was meant to be when he put his money where his was considering the market with pricing I think a 99% chance they would remain paused but I think uh it’s just important to note that not much change yesterday still no real expectation of a cut and no real rhetoric that it would happen in fact yesterday Powell sort of had to talk people off the ledge of a potential hike right right and assure people that that wasn’t going to be a problem those weren’t questions he’s been getting in the recent past so that was a bit uh interesting to watch yeah I thought I thought yesterday the one thing and when what we’re seeing today and I’ll throw up my chart this this is the 10-year yield chart and you can see it’s been a very tight Channel I mean amazing accurate Channel these are totally parallel lines and and so again was favoring some downside and the one thing yesterday and Mike you might have some color on this is that you know basically they reduced their their runoff on the balance sheet right so I think it was at $60 billion doll and they went to what was it 25 billion I I don’t remember the exact I’m kind of yeah somewhere in that so so like like what I got the sense of is that the markets were you know worried about like a is he going to talk about a hike is he going to be super hawkish and then he basically came in just kind of you know hawkish but not overly hawkish and even a little bit of doish because of the reduction in the balance sheet runoff and I think that’s what’s leading to today’s kind of float up into Apple earnings and obviously we have Apple earnings and then we have the jobs report tomorrow as well which will be a catalyst but but to me I mean yields are pulling back I mean that and the markets want that and so does Bitcoin and Bitcoin I think is is bouncing today if we go to Bitcoin real quickly yeah B bouncing up a little bit back to 59,000 and change uh but speaking of Bitcoin what what do you think Scott was the big reason for the selloff the last few days was there anything in particular that happened uh not in my mind I think it was just time for a retracement you know that I’m a big Homer for the generally uncorrelated theory of Bitcoin that it tends to move on its own and so you know when I look at the Bitcoin chart obviously we did finally Break range 60k support have been tested many many many times but we’re still at only a 23% bull market correction we haven’t had one over 24% in this entire bull market and every past cycle we get 30 to 40% Corrections and when you have meme coins going absolutely insane the casino open the washing machine thousands of new coins you’re going to get people rinsed this game is not that easy the market whatever the animal spirits they do not allow everybody to get rich on jokes yeah this doesn’t happen you are going to get rinsed when that happens it was the most gratuitous top signals ever I gotta I gotta piggyback on you Scott because I think I hope people appreciate someone like you and particularly you and Gareth we all know that you’ve kind of biased to bitcoin you’ve done well in Bitcoin when you say things like you’ve been saying for about a month I hope they listen because you get a lot of really young people don’t understand um risk reward in human nature and selling when they’re yelling that’s happened um and I want to show you one key chart that I think it’s all that’s going to matter po Feds all nothing nothing’s going to matter is by the end of the day tomorrow if the S&P 500 is below 5,000 um and Bitcoin might be indicating that by dropping below 60,000 that’s all going to matter for all risk assets on the planet meaning we will have conf confirmation that this is not just a backup in beta it’s more of a deeper correction and I do like how you showed the 10e note yield because this to me is a key chart of this is just chart of two-ear note yields on a weekly chart in white if you go back last time we were at you know just above 5% we bumped above there now they’re at 488 to me that’s a good Peak crude oil looks like it’s Peak but the key thing I like to point out in this chart is I just like to Overlay how expensive the stock market is versus the last time we were at the two note yeld and I show S&P 500 versus GDP how high it was compared to back in 2006 S&P 500 versus um the Bloomer commodity index how high it is now versus the last time we were at 5% and the S&P 500 versus the the rest of the world stock indices msci xus index so to me this is the key thing that’s going to matter at the end end of the week tomorrow is is that S&P 500 above or below five um 5,000 if it’s below 5,000 to me that’s a sign that a whole the dominoes are gonna start tilting downward so my question I just want to ask something really quick Gareth because at Mid uh April we had the S&P actually Dro below 5,000 right and Bitcoin obviously was not below 5,000 at that time I guess we have it right here this is showing the 6% drop from the top but right here I guess that’s Friday the 19th of April it dropped below 5,000 and quickly got back above so what do you make of the fact that we already had that move below 5,000 and it didn’t necessarily uh you know an indicator of death doom and despair if it were easy I’d have hair yeah so I I’ll just throw in my two cents here so so generally on a from a psychological standpoint and that’s that’s one of the things that has really helped me in trading is that what ends up happening is is when you get below these key even numbers buyers step up especially buyers like buy the Dippers that have been conditioned for let’s be honest since probably 09 that every little buyback is every little pullback is a buying opportunity and so they bought it right oh my gosh all of a sudden we get it we get S&P below 5,000 let’s jump in and buy it up which creates the bounce the question is do we make a higher high or do we make a lower high here and I think if if I think Mike’s right and if we come back down and take out the recent low that was below 5,000 now you have a lower high and a lower low and that again on a technical standpoint really starts pushing things to downward that’s that’s why they say the more times support is tested the weaker it becomes right I know I’m kind ofing when I use trading that’s is that Bitcoin chart because you’re seeing the lower low there being put in and that the question is is it something bigger yeah yeah I mean this was six tests basically of that uh range low which was 60775 before Bitcoin finally broke it right so to your point to your point if all the 5,000 S&P buyers bought at the last 5,000 who’s going to buy at the next 5,000 that’s exact exactly and I think I think what’s important to understand from the technical perspective too is what now happens with Bitcoin is now 60,000 becomes resistance right when you break support and you go below now that becomes resistance so now it it’s going to take a little effort to get back above 60 doesn’t mean it can’t but at least that you people just have to understand that that’s the next level to get back above so and then what and it’s weekly the weekly tracks I think end of the week tomorrow after payroll after the fed and after bitcoin’s already kind of showing its breaking down and bumping up against resistance that’s why to me um tomorrow’s close is going to be very significant so so in regards to that and this is something Mike I’d be curious about your take on it is so we have a jobs report we have apple first of all after the Bell today and apple you know I was looking at the chart of apple and honestly I don’t really have a great read on it I’ll bring it up here you know I I basically have two levels right so we’re trading below resistance right I have this breakout kind of level right here so if we if we got above like 174 and held you might get a little bit of a breakout but other than that if it starts selling off I have major support until down here around 158 160 but but again does Apple you know expectations compared to a lot of the other trillion dollar companies is a lot lower Apple made its all-time high back in December while every other trillion dollar company made it after the after the New Year um and then we have the jobs report tomorrow and I guess from the jobs report my question is does the market want a strong number or a weak number like a weak number maybe that’s stagflationary and people start to freak out but a strong number pushes yield back up so which one we want I’ll give you my take in that I have a bet with my colleague Jonathan Lin he’s more of a macro strategist and that I’m I’m betting I want to show you to there that the number’s going to be weaker than expected and the reason I said is because I got a sense from how Paul spoke yesterday he’s seen the number typically they get it a few days before that my sense was he he the way he talked about payrolls I’m like yeah it might be weaker than expected I don’t know what portion of it but overall be determined weaker than look at the last GDP number it was weaker than expected um and I also I’m glad you mentioned Apple I don’t watch individual stacks I mean I’ve owned Apple years ago but I like to point out what the lessons of Jeff Booth Jeff Booth technolog is happening so fast that Huawei is doing the Apple what byd is doing to Tesla and this is one key chart I want to show you that this is that’s I show you a weekly chart this is S&P minis overlaid with crude oil crude oil looks like it’s peing St um S&P 500 looks like it’s peaking we have a gap down below and the S&P Min down still about another 10% I’ve been pointing out every time but this is this again this this this pattern straight up without correction until now is this when you look at pattern recognition and you’re Trader that is the big warning to me that you’re supposed to just retrace that whole that whole rally yeah and just looking for signals to do it and so far it’s kind of been actually we made a new high in the week let’s see if we can close and make an outside week now that Ser so if I’m getting what you’re saying here is you’re saying it’s likely to be a weaker number and then the market will take that as a negative so I don’t know what the Market’s going to take it is because it might just take out all the tightening and til and Ts for easing I think overall it’s set up right now that um my senses po the numbers going to be weaker than exped if it’s not I’m going to lose a bet with my colleague and my senses that markets are more likely to go down they’ve already no all I mean beta we start with beta that’s the key problem beta has not we have not experien Bitcoin is have to remember Bitcoin is you know three times of volatility sb5 but if beta goes down all the dumbles dumbles tumble and that to me is a risk tomorrow and I’m sensing that beta’s already started to correct it’s on the cusp it’s bounced it’s more likely to go down on a week number gotcha gotcha all right yeah and I think I think one of the things that we did see was that with GDP coming in weaker and with inflation still staying you know north of 3% the market is starting to get nervous about a weakening economy and if it starts to weaken too quickly how does the FED react I mean the fed this point can’t react that quickly until inflation comes down and that’s a real negative for the the markets essentially the markets won’t get their drugs that they’re they’re craving in in any situation where things are weak but goes back to my just need to remember though that when they do when he does pivot that usually before the market crashes so I don’t know why everybody’s so high on the idea of rates my is is the higher price cure is afflicting the stock market I don’t think the FED will ease until the stock market goes down and tells them to partly because the stock market going up is keeping inflation sticky yeah yeah absolutely and I just threw up my my chart here I got I got the earnings calendar here you got Apple after the Bell coinbase block DraftKings Etc and then here’s the non-farm payrolls um we have 243,000 expected uh versus the prior 303,000 which remember was a much stronger number than we anticipated last month uh so the the idea is does it come in maybe below 200,000 or even below 150 and then how does the market react unemployment rate expected to be the same at 3.8% as well so so yeah it’s going to be interesting I mean you know the takeaways here guys is is I I think from what you’re saying Mike you’re saying you think the markets are ultimately headed lower Scott do you have a view on this like are you are you thinking we’re headed lower in the equity Market markets at least my my view right now is that we head lower for a few months and then they prop it back up before the election because they can afford politically to see markets go down now but they can’t afford markets to be down in October and November which is consistent with the slow Summers we’ve seen in previous Bitcoin having Cycles consistent with the slow Summers that we’ve seen sell and May and go away in in stocks especially in election Cycles so if they’re going to allow it and yes I said allow it because this point I think they’re pulling every lever they can to keep things propped up if they allow it uh to drop now would be the time right soon sooner than later I have no idea if that will happen it’s just a rational case to me by the way I see someone asking why do markets tend to crash after rates cut can you bring up my screen really quick yes absolutely really quickly the blue is a yield curve inversions for anybody who hasn’t looked at this chart before you usually get the yield curve correcting un inverting red is the Fed funds rate that’s the pivot the red circles and black is what the stock market does so you get the yield curve un inverting then a pivot then the stock market goes down it’s happened every single time that we have a record of because the FED doesn’t pivot until something’s broken that’s why stocks tend to go down after the pivot because the pivot is a signal that something is wrong it’s not a signal that everything’s great we can throw some more liquidity in if things are great they have literally no reason to cut and I and I think I think just quickly just to to to put more color on on Scott’s Point here is that it’s once they cut the markets begin you’re right something’s broken and then the markets begin to freak out that they’re behind the curve right so they’re not cutting fast enough oh my God this is going to be horrendous people’s emotion and and panic and fear which is one of the most in fact the most pervasive emotion start to take over and that’s why so they’re cutting because something’s wrong and the market says oh my God they’re not going to react fast enough and let’s be fair has the FED actually ever been ahead of the curve I don’t think so yeah well it’s just a refresh they started cutting the first the first cut was September 2007 and the reason back then was what was happening with the housing mic market and we could see it was it was rolling over the first that was that bare market now the first cut in 2001 was basically the first day of the year and we already had the stock market going down um so the stock market let it down but the key thing is last time they started cutting when the housing went Market went down this time and I’m showing you how cheap the equity Market was back then just back to 2006 when we were at 5% in a two note now how expensive it is versus a 5% two note and that’s why I keep poting out even last year just got heard that’s why every time I see those 5 percent it’s like all right that’s that’s where I think the real money is going the one who runs R money is going to that 5% to note and giving up on risk assets Let The Leverage guys play with that for a while and um to me that’s the risk is now I think the stock market is going to be the major leading indicator partly because it’s so much more ingrained it’s most inexpensive been I show in this chart since 1937 or something and versus GDP that’s where I’m just can’t get that out of my head and it’s better what better indication for risk assets and risk on and risk off than good old Bitcoin so a couple quick questions do you guys think the I I’ll say this and then I just want to follow it up with a couple charts do you guys think that the consumer is finally starting to struggle we know the consumer has over 1.1 trillion dollar in in credit card debt they’ve been spending like they could spend during covid when they had a lot of savings and then ultimately you know they’re running up this debt and I just want to point out Starbucks earnings one of the biggest drops I’ve ever seen I don’t know if it ever has dropped more than what it did on earnings um and then also let’s not forget like Etsy today down 16% right that’s another my screen bring up my screen I got a great tweet about this if you want the full summary Starbucks fell 20% after reporting a 6% drop door Dash fell 15% after a 20 million loss Netflix 10% after a weaker Outlook CVS 17% %% after net income fell by 50% Etsy 11% eBay 5% so this is consumer spending right y yeah show I show my chart falling gasoline and Diesel demand I mean this has just never happened in in an expanding economy G diesel demand is falling at the same velocity as it did during near the velocity during the Great Recession gasoline demand demands rolling over paperboard de box demand is rolling over all that stuff that used to matter inverted curves leading indicators that we forgot about bought for 6 months are all going to tilt back and that’s why I think the number one catalyst is that stock market if just S&P 500 dips below 5,000 and everything you pointed out people are St to believe but until it happens people aren’t going to Care the markets won’t care it’s you got to make it care and usually that price action has to do it yeah yeah I know I think that’s the right the right thing and that’s what I’m seeing too and that’s kind of why I led that into that question is that there’s very clearly a consumer that’s starting to struggle and uh you know with with rates going up we’ve seen the mortgage rates go back above 7% I I do think those come back in but they’re going to come in because the economy is starting to struggle versus just because markets are anticipating rate cuts um the other thing to mention here and again this is just something that we’ve all talked about um I’ve highlighted it on past Market Mavericks but I said money would start to rotate to places like uh China and I just want to point this chart this is a chart I think we even looked at a couple maybe maybe not last time but the time before that which was like a month prior but we talked about this bullish consolidation and look at what the k web’s done here this is the the the CSI China internet ETF it’s just ripping higher here um and breaking out even more so I think I think this is something that should be watched is the stock market in the US has been the leader for a long long time does money flow start to head back to other other places I like the ewz as well this is another one that I’m watching very closely and it’s starting to move up pretty nicely as well so um are you still in that camp that that Mike you’re still thinking that some of these other markets may play catchup a little bit and revert back to the mean if you will I got to comment on that China is turning Japanese one of the largest holders of Japanese stocks has been the has been the Central Bank Japanese Central Bank it really makes complete sense that Chinese are buying um their own stocks the Chinese government their Chinese Central Bank and we all knew that the MSC msci um in you know um sorry the HSI index Hong Kong sh Shanghai index at a lowest level since the S&P 500 since the 1970s was due for tradeable bounce that’s happening but I want to show you a key thing that I think it’s they might be manipulating too but it’s harder to manipulate in this gaymart I show Chinese government bond yields the lowest in our database now 2.3% that’s where I think our 10e note’s going to go just give it a little time at the same time we have Vick’s volatility Index this is a 20-day moving average of volatility index shorty week I’m sorry minus the T Bell rate bottoming from the same level that we’ve seen 2007 that’s very scary stuff for risk assets that’s why I think and I’m just waiting for that inflection point but would you point it out about China be very careful that’s probably their own government buying the market which the Japanese have done successfully so for almost 15 years now yeah I would just say like at least for a swing Trader I don’t really care like you know whoever wants to push it up for me push it up for me I’ll take the ride it’s it’s definitely a good swing trade yeah absolutely um so I want to turn back to crypto I know a lot of people are here for crypto Scott like where where are we going in terms of ethereum like is ethereum you know what are your thoughts on that I see a black rock showing here but um I showing there was a lot of talk that ethereum would be the next big one to run there was going to be an ETF later this year is that now off the table Yeah the ETF was supposed to be approved in the next 10 to 14 days but there’s been very little commentary from the SEC and that was sort of a bet people were making but if we’re being intellectually honest ethereum ETF was never going to have interest anyways I think that ra platforms institutions are just getting warmed up to the idea of Bitcoin and that’s what we’re talking about where’s the next wave going to come into these ETFs BlackRock says Sovereign wealth pensions evaluating Bitcoin ETF allocations that’s where it is saying that they’re actively having these conversations those allocations will happen and that will be a huge wave because we know that for now the ETFs the spot ETFs has largely been 90 95% driven by retail a lot of those people uh are just going to hold it and sit there because it’s in their uh IRA and they don’t think about it but there’s some were paperhand and we saw 500 million in outflows yesterday right the biggest day of outflows so we do know that those people are going to be affected by Price maybe speculating and not liking the fact that they went slightly underwater right but speaking of ethereum I mean ethereum looks kind of fine to me I didn’t even mean to bring up the ichimoku cloud chart I was just kind of laughing at it yesterday but if you are one of those Traders it looks actually like it’s found uh major support I just think that it continues to lag Bitcoin dominance if you look since basically let’s look September of 20 2 has basically done nothing but go up right so the notion that we’ve had these alt seasons of the past where Bitcoin drops or consolidates and everything goes up yeah we’ve had salana and memes and some select AI pumps and these things but the bulk of tokens that people are holding from past Cycles are just dead they haven’t really gone up they’ve gone up slightly they’re down still 80 90% that said hopefully now Bitcoin dominance will actually drop and give all coins some relief but when you talk about what’s going to happen with ethereum we just need to get back to one of those places where people are confident in Bitcoin it’s ranging sideways and then altcoins can have their chance I still believe ethereum will catch a major bid and catch up but I’m also talking my book there because I’ve been saying that for a year early well and I think one thing to just point out in terms of relative strength and this goes with your dominance on bitcoin factor is that Bitcoin at least of the major coins that were around in the 2021 bull market Bitcoin I think is the only one that has made a new all-time high right like ethereum didn’t madic cardano none of these other ones made new time highs from their 2021 highs and again that just shows relative strength focused on bitcoin and buyers coming in from other places for Bitcoin not so much coin very hard to beat Bitcoin over time if that’s your goal in the market like you you know you might trade to to beat your uh Index Fund in the S&P right trading in crypto to beat Bitcoin it’s a very challenging task but when you do you know if ever you get one of these you guys remember this in 2021 though that’s Bitcoin dominance dropping off a cliff we’ve seen that in little amounts but if you get one of these you’re going to absolutely annihilate Bitcoin and make a life-changing wealth the problem is you’re gonna give it right back up when Bitcoin Rises so I I gotta piggyback on that one and show part of the chart I’m worried about and I’ve been showing this for too long it’s a monthly chart of the Bitcoin divided by gold ratio it is showing Divergent strength I overweight with the beta with S&P 500 it looks like it’s rolling back down from a lower high now that’s not a good technical signal it’s part of the reason I’m still bullish gold that’s that deflationary sense I think might be kicking in and I I love this chart this is a month- end chart you have that crocodile jaw this is gold on top and Bitcoin the S&P 500 you know closing lower let’s hope that doesn’t continue to month end but to me you seen that little tilt higher in in the S&P 500 if that rotates down then all the doin Domino’s tummel so I just think of the next potential iteration in trade and um this is why I line it all up we’ll see what happens by then tomorrow if if Bitcoin hopefully it’s not going to do an island top and break down but uh that’s why tomorrow’s a big closing day and it might signal that this crocodile jaw is going to continue that’s why I’m still bullish gold and still looking for long Bond at some point to catch up interesting um just turning quickly to oil I um one of the big things that caught my attention is that oil broke a head and shoulder pattern uh which again for me as a technician is a big bearish sign uh I’ll pop my chart up and show it real quick here so very clearly we had the shoulder head and should and then this is the breakdown and and mapping out a Target I have it down to $74 just in the near term Mike I know you’ve been talking about the economy weakening and then oil having a big down move um you know are you still seeing are you seeing $50 a barrel oil are you seeing 70 like where what are you thinking on that so I’ll repeat what I said um two years ago to quote Jess Jesse Jesse Livermore in September 20 1929 um and that is I think oil’s going to get or close or maybe even below $50 dollar a barrel first of all is starting to remove that geopolitical premium we know have found out that it has not cut Supply but it’s actually aggravating what pressured oil in the first place the excess of Supply demand out of US and Canada and I show you this chart breaking down I like to Overlay it with the S&P 500 and it oil’s been in a decent wedge it looks like it’s going to break below it if it just follows natural gas it’s the simple lessons of Cycles the high price cure goes to low price cure natural gas did it it got too low it finally bounce crude oil hasn’t done it the problem is we still have the major pressure still pushing it lower and I look at manag money net positions in petroleum they just peak near the high they did last year when crell peaked at 95 but they peaked with crel about 87 so the hedge funds have started selling and they they drive the market not OPEC so to me this is a matter of time absent some kind of surprise Supply shock if the S&P 500 goes down there’s little hope for crude oil but they go back down to what it almost always does I’ll point out I’ll end with this the fact is since the peak in 2008 it’s made lower lows and lower highs and every low has been around 40 or of course you can include netive 40 which we can just say that’s helped Spike the rally to 130 um one thing just in terms of Commodities that I I I almost forgot about but I gotta point out here is have you guys seen the Coco chart the collapse that that’s thing’s experiencing holy cow so we all knew this was a bubble right we all knew this was this wasn’t going to be sustainable but look at this drop from literally a week and a half ago 12,000 and change to now 7600 I have a Target here just in the next few days where it may bounce but that is a massive drop and and I saw gasoline breaking down and I think that’s what the FED wants right I mean the only way they’re getting inflation to fall is probably by getting gasoline oil some of these other Commodities to come in so that prices can actually stabilize well I I love the um if you want the number one measures of consumer sentiment you just need two factors the stock market and gas prices everything else is M compared that so um I to me that’s just a matter of time that Commodities do what they always do they have to get cheap after getting too expensive Coco I enjoyed writing the technical analysis on it starting few years ago for our my colleague uh Diana Gomes and it showed all the classic signs of breakout but I really feel bad having been in that space and having had customers I’m sure it ripped the face off a lot of producers who hedge and then have to get stopped out and then oftentimes really hurts their businesses now it’s probably going to go back like it did the high we made around 10,000 was very similar to the one we made in 1977 around 5,000 it’s probably just going to go back there it’s a question of time yeah my charge doesn’t go back that far on this one at least at least but uh but um all right so so we have a couple minutes left Scott I wanted to kick it over to you and talk about like so so where are you are you still like fully Bitcoin are you are you spreading your money obviously you have TLT we have some you know some other position like where where do you think there’s opportunity for investors or do investors need to just play it safe right now oh I think you’re on mute here just it totally depends on your time frame you know and to me that’s that’s the uh key kicker that that’s the S&P but like if we looking at Bitcoin I wouldn’t be surprised if uh this is exactly what we see until the fall because it’s what I thought we would see it until the fall little bit this and some of these and some of those like I you know I think that uh I think we’re gonna go super sideways boring low volatility more correction I could be totally wrong I think that’ll happen with stocks as well I said but I think that if you hold out I think Bitcoin goes much higher I think you know statistically the odds that this is the forever top on bitcoin are very low so if you have a longer time frame I think that any dip 25% or 2% or 40% is a buying opportunity long term if you can buy at 59 and it still goes to 50 but ends up at 90 do you care you shouldn’t right because you’re not trying to time the dead bottom so I think that this is a decent time to uh start loading up on dips very carefully taking nibbles I mean you know I’m a Bitcoin buyer at almost any price so that’s uh pretty rich coming from me but I I I can’t bring myself to buy much stock like that I can’t do so you know I guess like uh money where mouth is I’d much rather be buying Bitcoin at 59,000 than the S&P at 5100 uh but but I’m also underes like I said I never underestimate at this point the power of the uh government to prop things up I just like it’s very hard for me to get around the evaluations and all the charts that Mike shows and just how expensive stocks are relative to everything else you don’t want to buy the most expensive asset versus everything else I like gold too think Gold’s going to 3,000 nice awesome awesome guys all right well let’s let’s end it there I think that was an action-packed a lot of information Market Mavericks today guys gentlemen thank you guys thank you all for watching uh you have the socials at the bottom here so please follow everyone on the panel here and uh the big question is I’m GNA put you on the spot Scott are we here next week are we doing this next week or you want to we’ll be here next week for sure for sure all right so folks we’ll see you next Thursday at 3 pm eastern time take care bye

Welcome to the ‘Market Mavericks’ Show, where action-packed analysis meets profitable trade setups, led by three of the world’s foremost chart technicians. This is your front-row seat to the fast-paced world of trading and investing, stocks, crypto, commodities, and more.

Meet the Maverick Traders:

Gareth Soloway, Mike McGlone, and Scott Melker, three trading legends with a combined wealth of knowledge spanning over half a century in the world of trading. Their unique trading strategies, diverse perspectives, and unparalleled knowledge are coming together to create a one-of-a-kind investing show that’s set to transform your financial journey.

What to Expect:
– Stay ahead of the game with in-depth coverage of macro news events.
– Explore the world of stocks, crypto, and commodities like never before.
– Gain invaluable insights into economic data and its impact on your investments.

Buckle up, because the ‘Market Mavericks’ Show will propel you onto a path of profit you didn’t even know existed. Don’t miss out on this opportunity to learn from the best and take your trading skills to new heights. Get ready to become a market maverick yourself!

Scott Melker
Crypto Investor. Ex DJ + Producer. Host The Wolf Of All Streets Podcast & #CryptoTownHall, author The Wolf Den Newsletter.
YT: @ScottMelker
Twitter: @ScottMelker

Mike McGlone
Senior Macro Strategist – Bloomberg Intelligence
Senior commodity strategist for Bloomberg Intelligence, driving the commodity dashboard BI COMD.
Twitter: @mikemcglone11

Gareth Soloway
24 year technical trader, macro analyst and has been Chief Market Strategist of InTheMoneyStock.com which provides stock day trading and swing trading services since 2007. He is also the President of VerifiedInvesting.com, where you can find his Crypto Swing Trading service as well as Course Education.
Gareth Soloway, President of VerifiedInvesting.com
Twitter: @GarethSoloway
YT: @GarethSolowayProTrader

►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY!
👉https://thewolfden.substack.com/

►►OKX
SIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000!
👉 https://www.okx.com/join/SCOTTMELKER

►►TRADING ALPHA
READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘25OFF’ FOR 25% OFF WHEN VISITING MY LINK.
👉 https://tradingalpha.io/?via=scottmelker

►►NGRAVE
This is the coldest hardware wallet in the world and the only one that I personally use.
👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd

►►NORD VPN
GET EXCLUSIVE NORDVPN DEAL – 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY!
👉 https://nordvpn.com/WolfOfAllStreets

Follow Scott Melker:
Twitter: https://twitter.com/scottmelker
Web: https://www.thewolfofallstreets.io
Spotify: https://spoti.fi/30N5FDe
Apple podcast: https://apple.co/3FASB2c

#Bitcoin #Crypto #MarketMavericks

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to “Buy,” “Sell,” or “Hold” an investment.