CRYPTO REVEALED | August 5, 2026

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1.
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[music]
Hey folks, Nick Valdez here, chief
crypto strategist at Verified Investing.
And today, great show because we're
going to talk about this imminent
breakout that might be happening on
Bitcoin that is coming down from the
October 2025 high. And if Bitcoin breaks
this, we're looking at some massive
gains on the horizon. And I I want to
give a shout out to Gareth Soloway for
pointing this out and we've been talking
about it in the office. Also, we're
going to look at Ethereum, XRP, Uniswap,
Hyperlid, some of your favorite
altcoins, including SUI, and I saw your
comments on Bitine. We're going to look
at that stock as well at the end of the
show because I have something very
important to tell you about ETH staking
that might totally change everything
about the Ethereum landscape and
especially Ethereum digital asset
treasury companies or the DATs as they
like to call them. Not not like DAP you
up. No, a DAT. But let's talk about the
Bitcoin chart everybody. This is a
descending trend line coming all the way
from the October high. So, this is the
all-time high for Bitcoin that we
reached around October 6. And you can
see right here, we created uh an
established downtrend. You can see it
right there. But if we continue to run
this downtrend out, wow, look at today's
price action. We are knocking against
this thing and now finally trying to
break free. And uh we did some, let's
just say, some leverage trading. Gareth
is long, everybody. Let's just say
Gareth is very long on this chart. Now,
first let's look at that parallel
channel that we've been charting for a
few weeks. How is it looking on the
parallel? What do you know? Also
breaking out of the potential parallel
channel. Let me go to the daily here. I
didn't mean to do the 4 hour. Uh this is
the channel that we saw from the bottoms
and the tops that extended this out.
Seeing price action trying to break out
of double resistance because we're
knocking on this door. We're knocking on
it again. We're knocking on this door.
We're beating down on the door. And
eventually, folks, that door has to
open. and we're not coming in like some
aggressive salesman. It looks like the
door is just opening wide open. And if
this does happen, let's talk about the
targets for Bitcoin. I know Garway, he
is looking at the pivot highs that we
saw right around here. So, he's looking
in the low70s for some potential areas
for Bitcoin to cool down, including this
one right here, right around 73 and this
pivot area right here around 71.
$70,960,
$50 or so. So, looking at some pretty
interesting things for Bitcoin if this
can play out. Now, again, the daily
candle still got about 6 and 1/2 hours
to go. If we pull back down, well,
that's when we'll reassess and we'll
say, "All right, maybe it's being pushed
down again and it's going to have to
come back. The door is closing. It's
going to it's going to have to ah put
some ice on the knuckles and then it
could start beating on that door again
first." It's it's like Rocky, you know,
is hitting that cold meat. Fun fact, you
know, Rocky broke his hand on that
because the meat was frozen. It wasn't
thought enough. A fun little fun little
factoid for you folks. All right, ETH.
Looking at ETH, we bounced off our uh
support zone, but remember, we gave you
this area, this 1930, technically 1929
and some change. Keep an eye out on that
one. I'll show you just one more time. I
don't want to go to it too often here,
but that was capping the rally in 2021
if you look right at the candle bodies
and capping the rally in 2022. If you
look right at the candle bodies and if
we go back to the daily, that's this
yellow line right here. And and hey,
maybe we're also going to need to re uh
establish a nice little support area
above the bottom of this wedge. I don't
I'm not putting too much weight on this
wedge. I still have more weight on this
2K level. Let's look at a Cardano.
Cardano did not want to come into the
top of the parallel, but it did come
into this pivot top. So, let's move this
down and we're going to bring it over
here. Hit the pivot top right there. And
what do you know? That's where Cardano
is finding resistance. Now, the Cardano
bulls, they're getting a little loud.
Remember, I said I'm bullish because
everybody's bearish on Cardono. They're
calling me an idiot for calling for that
20 cent, you know, the rally to 20
cents. You're wrong. You're wrong. Well,
guess what? Now the crowd is like
higher, higher. 30 cents, 50 cents, a
dollar. Cardano people are getting too
bullish and now that means the price
needs to come back. I I saw some social
sentiment. That's just a way of
measuring the online chatter mostly, you
know, maybe Instagram as well. The
online chatter about altcoins. Cardono
started to blow up. Everybody started
talking about Cardano and so that means
maybe that rally is coming to an end.
And we didn't see uh you know we did see
a little bit of a bull div on that 4
hour but didn't quite hit. Now, if we go
to the 4 hour, I called 20 cents. This
went to 19.92.
All right, look, we're going to we're
taking the victory lap on that one,
folks. I don't care what you say. Oh, it
was it was 8100s away of a penny. Who
cares? This it's pretty close in my
book, if you ask me. Let's look at
Hyperliquid, everybody. Hyperlid,
remember, we gave you the bat signal. We
said, "Wow, we are seeing bull divs on
the 4 hour. Every time we see bull divs,
it pumps. Every time we see all the bare
divs, it dumped." And guess what? It did
pump. And we said we're going to
reassess at the midway point of this
parallel. We're not quite there. So,
we're not quite ready for the
reassessing here, but we can just take a
quick glance at it. No bare divs on the
4 hour. It is still rallying. So, this
one's starting to look pretty bullish.
We're going to need to see this 4hour
RSI start to turn around if this rally
is going to come to an end. But, as of
now, it's starting to look pretty good,
folks. is starting to look uh like this
one might want to just break through and
then retest the top of the range. But
again, we're not quite at the midway
point of the parallel and then that's
when we really start to reassess. And if
you look at the dailies, sure it
rejected right there. You know,
basically bounced at the midway point.
We did have one candle close below, but
look at some of these wicks. Some of
these wicks are in, you know, way past
the midway point. So don't go shorting
the midway point here expecting a return
or expecting a reverse in price. This
might wick above and shake out those
weak hands, shake out those
overleveraged positions. These people
are they're shortening at 10x, 20x, 40x.
They need to liquidate those traders
before it could return to, you know, the
different direction there. And
liquidation is when they have a bet and
they're betting 10x leverage on
something. If it moves 10%, they get
liquidated. And these exchanges, they
will hunt those targets, folks. They
will hunt you down and then they'll
liquidate you and then you'll say, "Oh
man, I'm out of the trade." And then
it'll go in the direction you predicted.
And that's going to be your tip of the
day, folks. Stay away from overleveraged
positions. Now, let's look at Zcash. We
also talked about this bull div forming
here. You can see where the price was
putting in a lower low. What do you
know? It was creating a higher low on
the RSI. And right now RSI still looking
good. Now the RSI doesn't have to
reverse because it's overbought. RSI
just stands for relative strength index
and it's just saying there's strength in
Zcash right now. So there's strength
right now and it can continue pumping.
So be careful trying to short this one.
If I were to, you know, look at a
potential area to, you know, take take
profit on a trade or open a short
position, I would look at this
descending trend line right here where,
you know, we have the candle bodies
basically hit the candle body there, hit
it right here, hit it right here. And
this is also going to be coinciding with
the pivot top that we saw in December of
2025 and coinciding with the pivot top
that we saw in June of 2026. So keep an
eye out on this range right around 542.
Now, SUI, you guys were asking about
SUI. Let's look at SUI here. SUI also
coming into some potential resistance
here. I was just looking at this trend
line earlier. You see it also recently,
you know, rejected off this range. I
have to continue drawing it out because
it's been a while since we looked at it.
We're getting pretty close, folks.
Getting pretty close to some pretty
strong resistance and got a little
upside down turtle, but we're not going
to go into the, you know, the crazy
crazy chart patterns there. Let's look
at XRP. XRP just chopping around between
the two ranges. Remember, it's around
103 113 about a 10-cent gap here. Really
kind of waiting before we test either
the top or the bottom before I'm looking
at any kind of trade there. Let's look
at Uniswap. Then we'll look at BitMine.
Unis swap had a pretty nice rally today.
I was wondering what what fueled this
rally because we're seeing, you know,
not great news out of the Clarity Act.
We're seeing some not so great news, you
know, just the landscape in general when
it comes to altcoins. This is a
liquidation heat map. So that's what I
was referring to earlier, liquidations.
When I show you this picture, think the
bright colors are people getting
liquidated. And you can also think of
that as a way of exchanges making money.
The exchanges like Binance, the
exchanges, you know, I mean, even
Coinbase has some futures on some of
their more advanced products there. The
the, you know, the Bit Unix, there's
just a lot of leverage trading uh
platforms out there. And so this just
pumped into liquidations. This is a
classic short squeeze, but it's running
out of liquidations to the upside and it
is starting to show some more
liquidations to the downside. So people
longed it and it just started going up.
So these traders are deep in profit. An
exchange is not going to like that. It's
going to want to take them down, folks.
It's going to want to make them be
punished for basically making money
against that platform there. All right.
Now, let's look about people saying the
the audio. Yeah, we had some issues with
the audio. I'm I'm sorry if there is any
any issues there. We'll we'll fix it in
post for sure. ETH staking. What is
going on with these staking? So, this is
Bit Mine. Bit mine immersions
technologies. This is a crypto company,
a crypto digital asset treasury company
that is basically holding a whole bunch
of ETH, buying that ETH, and then it
wants to stake that ETH and then make
money off of it. If you don't know how
proof of stake works, you get a bunch of
ETH and you secure the network and you
get a reward for that. You get like one
and a half 2% yield on that Ethereum.
And so that's their whole business
model. Accumulate a bunch of ETH, stake
it, and then use that as revenue. Bit
has some serious tail or headwinds
coming against it because they might
slash ETH rewards for staking. And so
the people out there, well, I'm just
going to sit on my ETH. I'm going to
stake it. I'm just going to earn ETH
every single day. Technically, every six
and a half minutes or so, every what
they call a epoch. Well, that might be
being slashed to zero. And it is
EIP8361.
That stands for Ethereum improvement
proposal. And so, Ethereum improvement
proposal 8361 is going to slash ETH
staking to zero if staking gets up to
50%. Right now, ETH staking is at 34%.
And so at 50% there are no more rewards.
That's totally going to screw up
Bitmine's whole profit margin. It's
going to screw up their whole business
model essentially. And so, you know, but
if you do want to chart it, I notice it
is in an uptrend. And right now, the
trend is your friend. I would, you know,
maybe potentially take some profits at
the top here. And if you're super
bullish, reby when it comes to the
bottom or if you know, maybe only, you
know, sell a little bit. That way, if it
keeps going up, hey, you're you're still
in profit, folks. So, that's what I'm
looking at for Bitmine. Hopefully that
helps there. Uh I do see a question. Is
it true that most of retail traders hit
liquidation in sideways markets? The
overleveraged traders do. A coin could
barely be moving up and down 1%, you
know, 20%. They can still get liquidated
because it might be 1% for the for the
day, but maybe it was up two and a half%
at one point and then came back down to
1%. Maybe it was down two and a half%
and then it went back up to 1%. So
that's a 5% spread. So if you're trading
20x leverage, 5% liquidates you. And so
you can see a coin move 1 or 2%. But
there might be fluctuations of three,
four, five, 6%, 6, 7%. Those traders are
going to get liquidated. And some people
trade 40x, 50x. We have a crypto combat
show for fun and for, you know, not
serious. These platforms have 100x, I
kid you not, 300x leverage. So if you
have 100x leverage, you're liquidated at
1%. If you have 300% leverage, you're
liquidated at a third of 1%. So 33 with
the line on top percent, you're getting
liquidated. And so remember that SWE
picture I showed you with those bright
colors? Those are traders getting
liquidated. They're out there, folks.
Those exchanges hunt them. You say, "How
do they hunt them? How does that make
sense?" Well, they'll use market makers.
They'll use their own internal order
books. They'll manipulate the price.
They're not scared to manipulate the
price on these altcoins to liquidate
you. It's highly unregulated. A lot of
these exchanges, most of these exchanges
are overseas. Their servers are
overseas. Good luck trying to subpoena
them. They're just they're they're dust
in the wind. Even the largest platform
out there, Binance, essentially doesn't
have an office. You can't you can't even
find them. If you are authorities or you
are someone trying to, you know, track
down, you got that angry customer coming
to coming to I'm coming for you CZ.
Well, guess what? Where where you going
to find the guy? There is no office. So
yeah, this just uh hopefully helps you
out there, teach you a little bit about
how the crypto industry works because
that's what's happening, folks. That's
what's happening. People are getting
liquidated out here. But make sure you
go ahead smash that like button. As
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hit the like button. As always, I
appreciate you hanging out to the end
and crypto combat coming real soon.
Coming this Friday, but I'll see you
tomorrow, 1:30 p.m. Eastern Standard
Time. Thank you.