[music]
[music]
>> Hey folks, Nick Valdez here, chief
crypto strategist over here at Verified
Investing. And folks, today we have
Bitcoin sharply lower and we have some
altcoins with some major reactions. And
some of our altcoins are setting up some
perfect trade setups. And I'm going to
walk you through one of the trades that
I took today. And we're going to look at
Hyperliquid. There is something
significant happening on Wall Street
that I need to put on your radar. But
without further ado, everybody, let's
just get right into the major movers.
That's right, we're going to start with
Bitcoin, as always. Dun dun dun. Major
movers. All right, so let's get right
into the parallel channel that we're
looking at over here on Bitcoin. We've
been talking about this channel for
weeks at this point. And Bitcoin, we're
going to go to the 4-hour just so I can
show you. We were hovering above this
channel yesterday. We were trying to
break above and you can see right there,
it just hurts. Sharply going lower,
going lower. This is right about when we
were streaming yesterday. And then it
pushed down and what do you know, the
top of the channel now acting as
resistance on the 4-hour candles. But I
may have identified a little bit of
support. If you go to the wick low that
also coincides with the beginning of
this parallel channel and you hit this
wick and then basically that wick right
here and then you hit today's price
action. And we can go to the 4-hour so
you can see a little bit closer look
right there. Boom, right into our area.
And then now we are starting to hit
against this parallel, uh I'm sorry,
this horizontal pivot that we've been
talking about for a long time, which is
just the February 25th candle body
closes. And so I just find it remarkable
with this technical analysis when
Bitcoin goes to these levels exactly.
And that right there, that was a a great
scalp long if you were able to jump in
on that trade. Let's go over to the
other major mover, folks. That's going
to be Ethereum.
Ethereum setting up something that's
going to lead to a tip. And then I got
Don't worry, this is not the tip of the
day. This is just a tip. How do you
measure a wedge breakout? Now, this
isn't uh the cleanest wedge just yet. I
would like to see a little bit more
price action, but you can see from the
tops right here and then forming a
bottom with these two wicks and then
moving up, we found a little support,
found a little support, tried to go
below earlier today. We can zoom in a
little bit. You can see one, two,
four-hour candles. So, we were below it
about a third of a day and now coming up
to that same 1930 level. That's right,
1929. I heard it was a great year. I'm
not that old, folks. I know my hairline
may look like it, but this is a rising
wedge. So, how do you measure a wedge
breakout? Now, remember, rising wedges
are going to be bearish. When it's in
the sharper it's pointing up, the more
bearish that wedge is going to be. When
a wedge is heading down, that's going to
be bullish. And again, when the the
angle is closer to pointing straight
down, that gives you the better
probability of it moving up. But let's
talk about how to measure it. You're
going to see the first time the price
interacts with the top and the bottom of
the wedge after establishing and if you
look at this, let's just say, you know,
depending on when it's going to happen,
uh does give us some pretty interesting
targets. That happens all the way over
here, you're going to have nice body
support. But if it happens a little bit
sooner, I'm looking at this range right
here,
which we've been talking about for a
while. So, now all eyes on Ethereum's
wedge pattern. All right. Let's go into
Solana. Told you about Solana. We had
double resistance on Solana and look at
that fall off. We had a nice about 5%
decline. And if you were able to get in
on that trade, uh good job traders. I
would have gone ahead and closed that
one cuz we are starting to see some
bullish divergences on the smaller time
frames. That was about a 6 and 1/2 drop
in 24-hour period. When I say the
bullish divergences on the smaller time
frames, you can see it right there. The
price is, you know, flat but went a
little bit lower. And what do we see on
the RSI? We have a bull div on the
1-hour RSI. So, that's a good sign to
get out of a scalp trade, not so much
for a long-term trade. But when you're
looking at scalping some crypto, that's
just a good sign right there. I read
your comments. Some of you are talking
about XRP. That line is so far away. I
don't know if you meant the channel
we're trading in,
which is going to be the the pivot highs
here, which yeah, we we are far away.
You can see, you know, we were at the
top of the channel, now we're closer to
the bottom of the channel. Maybe you
meant this line right here. If this was
the line, you know, I'm talking to you.
Those leaving those comments. That's
just this right here. You can see the
wick. You see basically you tagged it
right there, tagged it right here,
tagged it right there. That's going to
be the bottom portion of that wedge. But
right now, XRP is trapped in this range.
Now, this is another level that we gave
you. This is that long-term resistance
all the way from the top and now
potentially acting as support. And we
had this shorter-term resistance. What
do you know? That's capping the price
action. We can go to the 4-hour and you
can see it right there. So, what's the
difference between a megaphone versus a
flag? And that's going to be the tip of
the day. Smash the like button if you
like these tips, by the way. Megaphone
pattern. So, a flag pattern would be
largely flat
or, you know, 45 to 90° angle.
So, you see something like this, and
then you would get sideways
consolidation. That would be your 90°
angle. Or it could be upwards of a 45°
angle. But when you're heading below 90,
that's not going to be a flag pattern.
And when you see it broadening, that's
when you're get a megaphone pattern. And
when it's moving to the downside, you
guessed it, folks, the probabilities are
going to favor a move to the upside.
Now, I'm not saying it's going to do
that exactly, but boy, oh boy, that
would wreck a lot of traders trying to
trade those breakouts. Let's look over
at Cardano.
Cardano, right into our 15 to 6 level
we've been talking about for a while,
went a little bit lower on the daily,
tried to close below, and then price
action very quickly moved to the upside,
and you can see a nice little now
resistance. Now, we're looking at this
level right here. We're trying to hold
on to this yesterday. You can see you
know, close the candle there, try to
push above, and then the bears were in
control, pushed it back down, and what
do you know, now it is acting as
resistance. Let's go over to XLM. We got
a pretty decent trade set up on this
one. Looking at this, we have that same
descending was resistance, now support.
And if I was looking for a trade, I
think I would want one more tag, and
maybe give me just some more bullish
signals. We do have it on the one hour.
I wouldn't want to open that trade till
I saw something a little bit more
bullish on the four hour, but we do have
some hidden divergence. So,
probabilities, you know, maybe we need
to come a little bit lower, and then the
probabilities are going to be looking
pretty good for a long on XLM. Very,
very close to tagging it. And it really
depending on how you draw that line. You
could say, "Oh, no, it did tag it
already." Let's look at Near. Near, also
near a nice little trade set up. We have
a price pushed down, pushed down, pushed
down,
broke out of it. We haven't came down
and retested this as support. We are now
close to reapproaching the scene of the
crime on this one. And when you approach
that scene of the crime, especially,
you know, we we've talked about this
before. I know Gareth gives that
example.
We dropped the ball,
and we bounced we haven't even hit the
the ground again. We're waiting to hit
the ground. Now, when you drop a ball,
it's normally going to bounce a couple
times. Sometimes it bounces a few times.
We've yet to bounce once. Now, maybe
sometimes it could break right through
the floor,
but probabilities are going to dictate
we should get a bounce if we end up
hitting this descending trend line on
XLM. And we have a nice other level of
support given us just kind of a double
confluence right here, but you can make
an argument triple confluence as you see
this is the pivot top and you move it
straight across. So, XLM really close to
a clean trade setup. Keep an eye out on
XLM. Now, I did say I was going to talk
about some of the trades I got in. I did
scalp out Ave.
And I'm going to be doing these live
trades pretty soon. We're we're setting
it up here. I'm I I got the account. You
can go to verifiedinvesting.com,
see some of our trading partners. You
might see me in that live day trading
room where the rest of the gang, they're
trading stocks, maybe they're trading
oil futures, maybe net gas. I'm going to
be in there chopping it up in the crypto
arena. That's right. Crypto revealed. I
don't know why I did my Dirk Diggler
impression right there. Boogie Nights is
a great movie, by the way, but yeah,
let's jump back to the chart here.
We came down and tested this area.
Little bit of an inverse head and
shoulders. This is a very small
shoulder.
Uh you could say it's it's kind of like
the arm from Scary Movie, but nice
little bounce on that level. And so, if
you did long that, uh maybe go ahead and
take some profit on this one. I'm not so
sure we're not going to come back down
and maybe test this level of support on
XLM. But now, let's do a DeFi deep dive.
And we're going to look at HyperLiquid.
I'm going to reveal the curtain of Wall
Street. I'm going to expose what those
Wall Street traders are doing with these
crypto assets because there is a way you
can measure how is Wall Street buying
these crypto ETFs? How are they buying
that IBIT from BlackRock? Some of those
other ones you they have them for
Ethereum, they have them for Avalanche.
There's even a Doge ETF, although I
wouldn't touch that one. There's also a
Chainlink one. There's There's a few
crypto assets that do have ETFs that
Wall Street can trade. And I'm going to
reveal their levels right here. But
first, let's do the TA.
What's the bat signal for accumulation
on Hyperliquid? Well, two signs. Number
one,
I'm more interested in the psychological
level of $50, which is going to be right
here, which is pretty close of the
bottom of the parallel. That way, if it
doesn't touch the bottom of the
parallel, well, I don't feel like I
missed out. Uh depending on where it
happens, let's just go forward say a few
days here. It's $50. Yeah, maybe you
jump in 3 4% a little early on
Hyperliquid. Not a problem. Or you could
be more conservative and wait for the
bottom of this parallel channel. What's
the bat signal though? What is Where do
we have Gordon, you know, shining that
light from the top of the building? For
me, that's going to be bull divs. Uh you
can see right here, after Hyperliquid
had a serious correction, and if we
touch the bottom of this range, I would
consider that a serious correction. We
are going to potentially put in a bull
div. You can see that the price was
heading lower, the RSI was heading, you
know, higher. And we saw it right here
as well. RSI was higher, while the price
was lower. If you see a similar
structure with Hyperliquid, that to me
is a very clear signal to back up that
truck. But now, let me blow these up.
What What is this?
This right here is
Wall Street's inflows for Hyperliquid
ETFs. And it launched It was very small,
and then it grew to 1.3, then it grew to
four, then it grew to 4.4, then it grew
to 11, then it grew to 25. There was
nonstop inflows. So, the green color
represents inflows, and the number on
the right is the cumulative total of the
exposure of Wall Street with these
crypto ETFs. This was their
institutional method of buying
Hyperliquid, cuz, you know,
hedge fund manager, he's not spinning up
a crypto wallet when he's trading other
people's assets, you know, trading funds
for other people. He's He's not some
Degen, you know, downloading MetaMask
and swapping on bridges. And no, they're
they're not doing any of that. They're
buying these ETFs. But let me show you
the recent price action. So when
Hyperliquid ETF launched, nonstop green,
looks very very juicy. This one's very
bullish. Let's look at the recent price
action, everybody.
What do you know? Wall Street is now
selling this Hyperliquid ETF. There's a
lot There's Bitwise, there's other a few
other asset managers out there. They are
unstaking their Hyperliquid. And we've
actually seen hedge fund managers that
come out. They're They're controlling
these crypto assets. They say, "Well,
we're unstaking, but we don't plan to
sell." Four days later, they end up
selling those tokens. So when you have
staked your tokens, you cannot sell
those tokens cuz, you know, they're
they're generating yield. It's kind of
locked up in the blockchain is probably
the easiest way to describe it. So when
you unlock it, people are like, "Well,
why would you unlock it if you're not
going to sell?" And they're like, "Well,
don't worry. Don't worry. We're not
selling our Hyperliquid."
Fast forward four days later, they're
selling their Hyperliquid. And so we can
see right here that Wall Street, watch
what they're doing, don't listen to what
they're saying. And they had They
haven't had an inflow since July 15th.
So this to me I bet when we get near the
bottom of this parallel, you're going to
see a lot of green days. So hopefully
that helps you just navigate this crypto
landscape. There's a lot of That's why
it's called Crypto Revealed. I want to
reveal the dark underbelly of what those
the big money, what they're doing with
your crypto assets. Cuz it is easy to
hold an altcoin because you believe in
the tech, you believe in the community,
and then it just goes down 80%. You're
like wondering why. Well, that's what
this show is for. So go ahead and smash
that like button. I'm I'm seeing your
comments here.
Said XLM, but we're talking about near
there.
Uh well, that was XLM there. Did again
with the AAVE
What what What am I doing with that? Uh
>> [laughter]
>> All right. All right. I I have the the
DeFi portfolio is labeled. So,
Ave XLM. So, you can see the ticker in
the background, darn it. And so, you can
see it right there. We're talking about
Ave. You can see Ave. We're talking
about XLM. You can see XLM. So, if I'm
live and I you know, I mix my signals
there, I do apologize, but the ticker
does not lie. Neither does DEEZEY,
folks. So, go ahead and smash that like
button. I do appreciate you guys hanging
out till the end of the show. We are
here live Monday through Friday, 1:30
p.m. Eastern Standard Time. Make sure
you hit that like button on the way out.
I appreciate you guys hanging out. I'm
reading all your comments. Let me know
what altcoin you want me to do in a
future episode, and you got it. I will
throw it up on the charts for you. I'll
see you folks in the future.