MARKETS in the MORNING, 9-2/2026, BTC $76,900, XRP $1.32, Gold $4,336, RTY 2,928, DXY 99 transcript

Here we go. Here we go. Here we go. Here we go. It is markets in the morning. Let's go. [music] Hey, what's going on everybody? This is the blockchain backer bringing you the latest cryptocurrency news and analysis. Welcome to Markets in the Morning. Today is Wednesday, September 2nd, 2026. This is Markets in the Morning, where we take a look at the price action of the cryptocurrency market, including the Bitcoin price chart, the altcoin market, the XRP price chart.

We'll look over there at the stock market as it gets ready to get open here in 29 minutes. Uh we got precious metals like gold and silver, the DXY. We got uh financial news and crypto news as we get ready to kick off the halfway point of the week. And then of course we'll hang out in the chat and just kind of goof off. We keep it kind of light, tight, and bright on these Wednesdays just to kind of hang out. Otherwise, welcome to the third best day of the week.

[music] >> [music] >> It is Wednesday, my [music] Wednesday. All right, what up everybody? Thank you so much for tuning in to Markets in the Morning. I hope that you are doing well. Market's just been pretty tame here. Kind of stuck underneath this 50week moving average, teetering sideways. The main point of all the really content that we've been putting out is just really focusing on conviction as pullbacks will come, but we have triggered all of the things that uh imply we are beyond the bottom uh for at least for total and for Bitcoin.

Um and of course with XRP hitting those onchain losses as well and having that 80% reaction off the low that we had, now we're just kind of teetering around sideways. Um, I think I do think we're going to go right back into just kind of like no matter how long this lasts, even if this only lasts like one more week or anything like that. You can just kind of tell uh all the dopamine is worn off already of uh what happened there.

Uh I guess it was two weeks ago at this point. It was two weeks ago today, right? Because we were in markets in the morning. The breakout happened like minutes uh after markets in the morning came to a conclusion. Uh, but you can kind of smell it that that that dopamine is starting to kind of wear off in there. And it's real funny because I could see things like uh from being a content creator, I was talking about I have like backend data and stuff like that.

Um, I had back-end data uh showing me uh that that we were much stronger uh in here than we even were back over in here at the time. Uh, but what you can always see is like when prices start to kind of rip up and stuff like that, you'll see like a big subscriber influx start to come in and you'll see that that start to kind of ramp up and then when prices stall, uh, it's the exact same psychology every time that kind of teeters off.

And you can just kind of see it that the the influx has slowed down in here. And so as we sit here kind of paused out in here, those things I've warned about have been like, you know, the people who are waiting for 40 to 50k, they're in kind of a difficult boat or difficult situation here right now. uh because they have to either FOMO like because you you can psychologically completely understand uh the 40 to 50ks and I did this the week prior to us having this move in here is that as we go into capitulation they sell here then it rises too far to where it's too much pain so they buy back in then we have the major flush and then they sell again now they want 40 to 50k right >> so that's there goes my [gasps] phone uh [laughter] so now they're they're stuck stuck in this point right here to be able to that's probably what most people say.

Sorry, I don't understand. Uh now they're in this position right in here to have to take a big crapshoot right. Um will we just produce a little range in here which frankly at this point in time right now? I don't see anything saying this isn't just a little range being built in here for Bitcoin to inevitably be able to push its well perfect push its way out of here. Um but of course we don't. It's just a complete speculative guess right now on whether how long it's going to take to get through the 50week moving average and what type of structure it's going to take.

We went through it in the video earlier this week showing like 2015, 2019, 20123. They're all very different. And this would be one of course no one would suspect. And it's very, you know, like when XRP was down there near buck. Suddenly everybody like it was crazy cuz the whole way down it was constantly dismissed as like, no, it's not following what like what ADA did back in 2022. Then once it finally gets down there, then everybody's like, "Okay, now we got to focus on the recovery.

It's going to look exactly like ADA. I believe it now finally." You could like going back and looking at that. That was the obvious sign of the bottom that all those questions were suddenly starting there in that last week of the sudden panic happening of people asking that question. But we can always already see of course the prices have recovered uh in a completely different manner than what ADA did but still structurally just within a range in here.

Um but you know people are going to be looking for multiple things working their way back up. Let's just get a bigger Bitcoin price chart up here on the screen. Um okay we'll come back to it. Right. I think everybody's just going to try to use past models of bull markets to try to work its way up and that it's just it's not going to do any of those things. It's not going to look like any of them. I would say like the most amazing one would be is if we are just this because this is really structurally how we followed uh really all of 2025 and all of 2026.

So we really started presenting this here back in February of 2025. uh that this is really kind of where we are at within the market cycle and then currently right now with us being more like in in a situation like this and I just don't think anybody would have that on their bingo cards um I don't want to create false hope and hopeium but like even with us where we are right now I don't see anything saying uh that we're not um as for this this was brought up um if You guys should know this, but obviously I put out a newsletter just Oh my gosh, I've been working non-stop.

Uh, what did I put out? Oh my gosh, two days ago. Okay, [laughter] I put this out two days ago over here, blockchain backer.substack.com going through all the confirmations, right? We build the big case on why the low is in and then talking about all the confirmations that have happened in there. And this is another one of them. and I talked about it in Monday's uh say Wednesday, Monday's video. Um we don't have a single time where we go through a bare market and that one all the other triggers that we do have happening in the market, but then of course to finally get it on our bigger time frames as well.

So the point is like we're we're in this thing and if you guys don't know and I don't know if it was in a live stream or in a video that I said you know when it comes to crashing structure that's really kind of my wheelhouse right like reversals finding tops finding bottoms that's where it's a lot easier then it's that in between stuff where it gets a whole lot more difficult and then I had said you know this is my wheelhouse but once we get up here and I know for sure if somebody's has the patience to dig through all of my videos and live streams for the last month and a half, you will find me saying this like nearly verbatim that this is my wheelhouse in here, but once we get up here, this is where it's going to be a whole lot more wishy-washy on what's going to happen from this particular moment in time.

And so that's just kind of where we're at right now. We're just going to have to kind of patiently wait on it. And so the main thing to focus on is to say, what does the big time frame say? big time frame, all the triggers that are happening in the market. What you you're looking for 40 to 50K, you're looking for more of a bare market. Um, you're kidding yourself, man. You're kidding yourself. Um, you know, one thing I've done with this channel, uh, is intentionally by now, let's see, in two months from now, we'll hit seven years of doing this.

I don't even know if we're at 2,000 videos yet. if we're still like 15, 16,700, uh, is to not pin my, uh, not to name other content creators by name, um, or to analyst by name and to try to like tell say they're wrong. Um, and I'm not going to do that today. But what what I know is that there's a lot of dishonest there's a lot the people who are still saying like, oh, we're back at the 50week moving average. You know, we could still crash from here. or you know it's middle of summertime rallies and things like that.

They're hiding a lot of the data from their audiences. They're making sure that certain things aren't shown to you uh that have happened in here. Um if we're going to use any type of rallies. Let's go just throw in moving averages because it's the most popular one, right? being back at the 50week moving average and people are using these references in here and things like this. You have clearly at this point not capitulated.

This market hasn't capitulated at this point to do this and then it does eventually capitulate through the 100week moving average to go oversold right or going here right then it breaks the 100 week capitulates and goes oversold and builds to bull like this is this data is very hidden from people um right now and I feel bad for I feel bad but like not that bad but [laughter] you know cuz I'm just jerk u But you know like the in any type of corrections that are coming in this market at this point you don't there's no analogy to point to there's no analogies to point to except that it's the bottom.

None. Zero. Zilch. And anybody using any other point in time outside of these very specific moments in time uh is hiding it from you. And then you have to ask yourself why, right? Why are they hiding it? Why do they not want those data points to be uh brought up? And so that would that would kill any thesis that a bottom is in if you actually just really looked at the data. Another thing too, right? Like if we're going to use the analogies of these things in here, we haven't hit onchain losses yet at these points.

We haven't come close to hitting onchain losses at these points. Uh so I know I sound like cocky and obnoxious, which I don't mean to be. And but the thing I know is that when we go through walls of worry, uh most of the crowd isn't there yet. The the 40 to 50kers are stuck in this really difficult situation of do I make a decision here? Do I not make a decision here? I'm not going to tell you what to do. And but that means there's a lot of offsides capital extremely low conviction.

Uh if let's pretend you're a 40ker, right? A 40 to 50ker. [snorts] you are stuck in a position of one you have to yolo buy right here right and if that price pulls back that means you sold you bought you sold you bought now what now what because then the sentiment of the crowd will all be you know pointing to the downside at that point or if you're a 40 to 50ker who sold and bought and sold and are not buying it, right?

You're really hoping price does come down, but you don't have conviction. And then what if it just ends up doing this right in here and it just ends up blasting off. So, I don't know where I'm going with it [laughter] in regards to short-term time stuff, but just it's it's unequivocal data. You can't make any analogy on any of this stuff uh to any other point in time except for it being the bottom of the market. And these things are not ironic that we talked about a number for weeks leading up to this.

The just the hard part is just trying to get through the 50we and trying to get a sustained rally to come through in here. This is all the exact stuff we've talked about getting back to the range peak. But who knows if it's going to uh pop its way out of here really really quickly uh or have to take more time. Uh but I challenge I I promise I've gone through and I've watched the bearer argument still. They're hiding the data.

They're hiding it clear as day. Uh that they don't want I don't you know I have my own opinions on why they're doing that and it has nothing to do with helping you. Um there may be personal interests people have on that type of stuff but you you could that's the best part about just presenting the data and giving no opinions. You can make your own conclusions on these. You can determine for yourself when you go through we and like we've talked about this, right?

Like here you go. I'm not going to tell you if I think the bottom is in. I'm not going to do it. Here's what I'm going to tell you. Here's the MACD breaking through the signal line. There's capitulation. Here's our first trend change in green bar. All right. There's what happened next. Here's the MACD breaking through the signal line. All right, there you go. Uh there's capitulation and then here's our first green bar right here.

Here is the MACD breaking through the signal line. Right now, all of these are coming, of course, after the 100week moving average break. And then here's your first green bar. You make your own decision. What do you think? [laughter] Oh, and every time that happens, it goes back to the 50week moving average. All right, there you go. I'll I'll quit. So, anyhoo, we'll see how long it ends up taking. We'll see if this actually just ends up being a really tight range throughout here.

Um, and kind of going with that, right? Like, if it's tries to sweep this low right in here and then comes right back up in here, it's probably just going to stay rangebound in here uh to go for it. But we'll need to see how this kind of plays out in the coming days. It's still going to be waiting. Um I do think even in here when we talked about this, it'd be like, hey, you know, if if this was like our most bullish case in here, we'd probably still see another range of similar length of the one that we saw back in here.

So don't be surprised if this thing goes on for a couple more weeks. Um it's just going to have to be people keeping their realistic expectations in check because we even talked about IGV, right? I don't think we're going to see Bitcoin break out of here until we at least get IGV to break out of here. And what does that mean for your favorite altcoins? Uh they're they don't have a shot [laughter] until that happens. Um but where are we at within IGV, right?

Like that we're still just kind of stalled out throughout in here. Uh that this first push is getting finally back up uh above the retracement levels showing that our retracement levels aren't going to reject, but that there still could be more ranging. So this could take time. I'm I'm trying my best to not create a sense of urgency as uh typical content creation does. Uh sell hype, sell FOMO, sell excitement. Um ironically, one of the two popular products in the crypto market are called hype and called FOMO.

You think that's a coincidence? Uh so, all right, we'll we'll just move on along here. Obviously, bullish diversions after oversold conditions, after capitulation. Um, we've all confirmed everything in here. Uh, XRP, like I said, I think it's still just going to be ranging. Uh, if we do, uh, pop up and new to move ru higher ranges, that's fantastic and that's great. Um, but any shot at a new all-time high for XRP, uh, based on all historical data, uh, including the most recent data, which still influencers are are constantly perpetuating ideas that, uh, the secrets upon secrets are going to move price.

It doesn't. it still is just completely tied to what the rest of the market is doing. Uh if we extrapolate all historical data of how the market has performed, it's going to take an all-time high break for uh of Bitcoin uh for XRP to be able to go into a breakout into a new all-time high. And but you know, doesn't mean we can't like exceed ranges, right? It doesn't mean you can't be like right range bound, escape a range, build a new range, and things like that.

Uh it's just if we're all looking for that moment in particular, it's typically going to take that moment, which is typically going to take that moment. And so I said that in my video that I put out on Monday. Step one, two, and three. Everybody wants to focus on step three. When is my favorite altcoin going to go to the moon? Um, and we waste all this time talking about IGV, talking about the Russell 2000, talking about Bitcoin, and it's like, I don't care about those things or do the technical analysis on my altcoin.

Um, but it's one big giant picture all being tied together. And we have to kind of look at these initial steps first before we get there. Uh, this is part of our initial step uh throughout here. And then after that comes our next step. And then after that comes the next step. And the reason why this isn't favored or loved um is because it the people believe a lot of things, right? Like there's a lot of there's a lot of products that are sold to people uh where they've bought into these ideas, these kind of crazy ideas uh that are going on in the market.

The best way I can and you can't convince people of that otherwise they're very committed to it. Uh the best way to think about uh the cognitive dissonance is like you're never going to convince somebody of their political views, right? They have their own life experiences. They have their own perception of the world. You're not going to change them. Uh or like a sports team, you're never going to convince them. Uh an example would be like New England Patriots and you know deflate gate, right?

Or whatever. Do you think that changed the opinion of a single New England Patriots fan? No, not for half a second, right? Like you could say whatever you want, but people are committed to their uh their sports teams. And uh so, you know, crazy ideas. Uh this is not favored. The whole idea that we well, we need to see stocks cooperate. Then we need to see Bitcoin set a new all-time high. And then XRP goes and it's like, but wait, isn't it ISO200022 compliant, right?

Isn't there a secret underground uh NDA signed 1,700 NDAs that are uh gonna catapult it in global reserve currency? It's like, well, no, probably not. No, none of that's probably true. [laughter] It's going to take Bitcoin in the IGB breaking out. So, yeah. All right, dude. I'm I'm like passive aggressive spicy today a little bit. All right. That wasn't intentional. I think I'm tired. I knew when I came on here, I was like, I'm I'm real tired.

[laughter] All right, how do we just go through this? Right. So, this is where we're stuck at. We're just waiting for more uh action for Bitcoin to play out. Again, showing you those signs on bigger time frames of bottoms and how they've all looked. And you can make your own judgment call. You clearly know my my thoughts on it. And my thoughts aren't even really thoughts. And I've written about that and said that that like if you completely remove my opinion and this is what I did at the very top of the market too.

Uh if this well let's see if I can right this then that right if we just do if then statements and completely remove opinionated thoughts right like we just look at the data and we say what does it tell us? It says, "Well, if these things happen, then it means bottom's in, right?" And that was the case built in the newsletter, too. There was 28 or 29 different cases of how we were trying to identify the bottom in the thick of the moment.

And then, of course, now we have all the confirmations for it pushing it up. So, patience game. Uh, if there's any fear in if there's any fear in the market, uh, it's a absolutely glorious opportunity. And I talked about that in Monday's video, too. I also think that that is something that uh is overused by content creation and saying, "Oh, look at this glorious opportunity. We're all losing money. What a glorious opportunity." [laughter] It's super cliche.

Uh but in these environments, right, where we built the bottom, uh pushed off the bottom, uh the dips come and the the fear isn't gone because the conviction isn't there. too many people were looking for 40 to 50k and have uh nonop non what's a word nonoptimal uh entries and nonoptimal decisions in this moment. So, okay, enough rambling. I'm not I'm not even sure if we're even given any value today. Okay, there you go.

That's everything going on. Let's let's just hop in the news so we can hop into the chat. US energy secretary tells CNBC more than 17 million barrels of oil transmitted the Hormuz on Monday. Iran says two tankers have hit her hormuz naval mines attacks regional targets amid US strikes. S&P 500 futures are little changed as US 10ear yield hits highest level in more than two years. G20 live updates. White House readying tariffs and semiconductors.

Let Nick tell CNBC 10ear US Treasury yield hits highest level since November of 2023. Wonderful news. Okay, here we go. Where all the important stuff is. Uh, crypto industry urges SEC to avoid blanket novel ETF restrictions. Bitcoin ETFs notch best month of 2026 as Bitcoin gains 25% in August. Here's what happened in crypto today. Hype Treasury to firm hyperlquid strategies boost equity facility to $2.5 billion. Core Dow plans emergency hard fork after validators through excess rewards.

Cryptobacked pack scales back ad spending in Massachusetts primary. Is that what John Deon uh Asia sees digital asset custody infrastructure deals from Ripple? Coin check BA uh city Goldman Sachs among 21 institutions planning fake claw desktop app spreads crypto stealing malware. Here's what happened in crypto today. And Thailand adopts crypto travel rule with self-custodial wallet checks. Wow. There was literally nothing there.

Okay. Okay. Oh, look here, dude. You can see this, too. Okay. Look to show you how the hype has worn off and that uh psychology and the um the uh dope uh dopamine has worn off. Uh we have 1,679 viewers in the chat. So markets in the morning, like actual people who watch this thing live. We we've always kind of talked about it. We can kind of like monitor uh viewership and everything like that and what's happening in here.

Um dude, I'm going to be honest with you, man. I think the most painful direction for this market is up. I think too many people are in disbelief of the rally. I do think too many people are in disbelief. I think the most painful direction is up right now. Okay. Uh now before we got started, I'm going to go ahead and hop in in the chat, guys. I'm not before I get too spicy here. I got to be careful and get through these quickly because the second we get to an hour and a half in these live streams and I'm a little bit tired.

That's where all the screen screen recordings make their way to X. [laughter] All right, let's do it. Now, of course, before we started, Chief Tane had gifted uh 50 memberships like he does every single stream, brother. I'm so grateful uh for you, dude. And you do it the second I make the live stream um the waiting room go live. And brother, thank you, man. Uh Mr. Q, member for 20 months said, "Good morning. I love Marcus in the morning.

I love the 702 crew. I love BCB, that's for sure. Time for this baby to go wild. Let's get it, people. Bears, your mom goes to college. Yeah, I did. I think I did it in Monday's video, didn't I? I don't know how well it's received. [laughter] I didn't get too much hate. If you don't know what that is, I don't feel like I should have to explain it. Should I explain it or not? I'm just not going to explain it. We're just going to leave it how it is.

Uh John Schugert uh said BCB member for 33 months says BCB uh with this recent runup in XRP. What retracement levels are you looking now that the price is cooling off? Well, it's a massive range for XRP. So it could just be stuck in between the whole range throughout in here. Right. I I don't want to predict where the the floor is on this range with any level of uh any level of certainty in here. I mean, essentially anything is fair game in here.

Anything in between there is fair game, right? If this just ends up kind of doing like an LPS in here, if this thing ends up springing down lower in here, anything is fair game in here. Uh, and it this is this is something I normally just am not going to try to guess on in here. Ranging in here on how this is I mean, for all it's going to do that. I don't I don't really guess on that type of stuff. This is the range and we've talked about it many times.

Ranges by design are chaotic when you are trying to predict every step in the way. I mean, it could do all kinds of stuff and you wouldn't predict it in here. So, I I don't have an honest prediction for you on XRP's ranging behavior that'll happen throughout in here. All right. I mean, like trying to guess all of that was very difficult at that time, too, right? And I just know that from this asset too. Like it's very diff very very difficult trying to guess ranging.

So my best honest answer to you is to tell to not give you a fault that that I have a false sense of confidence of knowing. I don't. Uh Craig uh you seem health conscious. Why is Monster your go-to source of caffeine? Also also please never retire. Uh yeah, so I I am uh health consscious in regards to I do eat pretty healthy. I'd say my biggest mistakes that I make is like a lot of people, I do eat out. Um I probably eat out three times a week and that's the thing I'm really working on a lot right now uh is trying that self-control because I'm really good um four to five days a week.

Um and the thing I've even incorporated in most recently in like the last three weeks is prepping chicken and rice, beef and potatoes. And that's really my go-to lunch and afternoon snack every single day. So the morning is always oats, Greek yogurt, a banana, blueberries, shot of protein powder. Lunch is going to be chicken and rice, beef and potatoes, afternoon snack, chicken and rice, beef and potatoes. And then my wife would typically make us something relatively healthy for dinner Monday through Thursday.

It's just when Friday and Saturday and Sunday roll around and whatever's happening for as a family we're out and about going around doing things, you know, like everybody like, "Dude, you feeling Mexican food today?" Yeah, dude. You want some queso flamato? Oh, you know I do. Quesadilla? Yeah, for sure. Dude, you want to get like, "Oh, you can eat sushi." Yeah, let's go. Uh, you know, um, but your question wasn't about that, right?

So, just kind of give you an idea on what I try to do. And then, of course, I try to work out, you know, between four to six times a week. But caffeine, right? You know, I don't drink alcohol, right? Don't do drugs, but I do like caffeine, which is a drug, I guess. Um, monsters taste good, dude. I used to do coffee, so and I used to drink a whole uh pot of it a day, so you know, nothing wrong with that. Whatever. Monsters.

I like monsters cuz I I first of all, you don't drink the ones with sugar. You drink the low calorie ones, right? Like right now, I've got a Monster Energy low carb. So, there's 30 calories in the whole can. Or of course, you get the white ones that are low. Yeah. And then, uh, you know, if you're feeling like taking it up another step in that pre-workout shake, just go ahead and throw in a preworkout. Throw in some pre-workout.

All right. I'm not going to keep rambling about that. Most people don't care. He said, "Ol, so please never retire." Yeah. No, I mean, dude, I I hope one day I'm I don't know. [laughter] I hope one day I retire. No, no time soon though. Milman, 14 months. What up, brother? He said, "How did you identify that 2017 fractal? Amazing. A couple few weeks a show the Bitcoin path for a year and a half. Thank you for all the hard work.

How did I identify? Well, I mean, I was here in the market during this time. So, I was here through all of this. That's always the fun thing about markets is when you go through things, they kind of like lock into your head of experience of what you've been through. And uh you know the just when we were the way we were playing out in here uh earlier once really I think it's like once we got right here, right? Once we were right here, things were starting to look a little wonky.

Like, we had our obviously obvious breakout in here. And this is where XRP takes off. This is alt season, right? I know people think I'm just a jerk when I say this stuff of you got to wait for Bitcoin, but it's just it's what happens. Um, and then it just really reminded me of this all the behavior. I may have identified it earlier. I I don't remember, but I do know for sure. Like I was even writing about it in the newsletter and stuff back here in February of 2025 of being like, you know, we're all this stuff.

So, it's never really like how did there's never really an answer of how did you identify it. It's more of just kind of like asking an electrician how do they do their job so well? It's like they're like, well, I do it all day. This is what I do all day. Or, how did you solve that? It's like, well, I've solved it a thousand times that, you know, this wire needed to go here. Um, it's the same thing with this. This is what I do all day.

Uh, Tango says, "Hey, BCB, in your opinion, do you think the Fed will do a rate hike in September?" So, I don't ever really give a strong opinion on whether I think they will or I think they won't. I just kind of relay what is the market pricing in that they will do. Right now, the market's pricing it in at a 68% probability that they will do a rate hike. However, at the beginning of this year, we talked about it in here, guys, and I wrote about it.

I've included screenshots of it. It's been anticipated all year long that we would have at least one rate hike this year. So, then, of course, we're getting to it, and everybody's kind of throwing a temper tantrum, but this has been priced in that we would have a minimum of one uh in 2026. um potentially even two. And that this is and then now it's looking like, you know, we're gonna have one and then at some point in either at the end of the year or into 2027, we'll have another one and then the market will probably just chill out and that'll kind of be it.

But this is definitely one to two rate hikes have been priced into the market since the very beginning of this year. Okay, [snorts] Patango. Thank you, brother. Mini, thank you very much. New member wilds wide open. I'm long 65K, but we in wave B, wave C to 40K. Okay. Okay. [laughter] Have fun. James Shornbeck, BCB, Hey, thank you very much, man. Very generous. Thank you. BCB, thank you for everything you do. When the bottom being in for crypto, does that equate to the bottom being for the cryptoreated stocks as well?

Primary circle. Thank you. Uh, I haven't looked at the circle stock in forever. Give me a clean chart to work with here. Yeah, you would assume that the bottom for for those is over and then we even capitulated in here at the same time as the cryptocurrency market is. So I would assume the bottom of circle is likely is likely in right but it's also new right like so we do also have to realize this is not something we've had in past cycles right like one I've never believed in uh any of the mining stocks so I I couldn't even tell you what a mining stock ticker is right now like I couldn't tell you fun because I've always thought it was the dumbest thing in the world to buy that when you buy something an asset that's going to depreciate with a a harder hash rate and more harder difficulty to be able to and like you you have to like really understand their model to understand if they are outpacing what the deflate deflationary rate or depreciation rate is going to be of the assets that they purchase and then are they going to keep up with uh the difficulty adjustments in there.

That was always stupid to me. And so my assumption is pro I haven't looked at a single mining Bitcoin mining stack, but I'm assuming they're way down. I'm assuming they're trash, but I don't know. Anybody got one? Anybody know one? What are some Bitcoin mining stock tickers? Where is I surprisingly? Okay. [laughter] Oh. Oh, they went into AI. What is this? I ran. Is this even Bitcoin money? It says operate sustainable data centers and has expanded heavily into AI cloud services.

See, I don't know that about these things. Have they pivoted? Maybe these Bitcoin mining things have uh with all these graphics cards have pivoted into AI. So I don't know with circle we don't like the question was about circle and dude somebody in a comment I don't know if it was you if it was somebody else I'd have to go back and look they're like I own circle I know you do too it's time for you to start shilling more often.

It's like, dude, do you think I actually have the influence to be able to move the market of anything? Uh, if I the market doesn't even move on anything I say about XRP or any type of altcoin, what in the world makes you think I'm going to move a major equity [laughter] or that my responsibility as a YouTuber and a writer is to sit here and shill your bags for you. Like if that is what your opinion of me and your hope is of me, just unsubscribe anybody out there, right?

Like, [snorts] and unfortunately, I do think a lot of people think that what people got so upset about the Flare stuff uh when I talked about how they handled the um token distribution. like get out of here. Ripple references, what indicators are you using to find the top? Go back and watch everything that we looked at, bro. Go back and look at everything we talked about at the top. I I didn't hide anything from you guys on what was concerning about the top at the end of 2020.

Wasn't even the end. It was September and October of 2025, right before we even had the 1010 liquidation. I showed everything. It's all in tweets. It's all in videos. I did a whole bare week and it's all out there. Dude, why are people asking me about circle win? Hey BCB, what price is retracement for Bitcoin is where you take some profits and why? What is your target for circle? I I don't have a target for circle. I do let's just see if it can get to an all-time high first.

If it can get to an all-time high, that's great. Uh as for Bitcoin, I mean, where's the retracement levels at, right? Like, we just have to kind of watch it and see how it goes. These are going to be obvious areas in here, right? Right at about 100K and then right at about 106 or 105 and we'll have to see what the market is doing and um if we're going to take any off the table at the time. Um but I I do think guys, I and I'm being I'm really thinking about this a lot.

I don't know if I'm going to sit here and be very vocal about how I'm handling my portfolio. Once we get out of here and we go up higher that that it's going to be like this massive transparent thing of anytime anything is done with my port, there's been no benefit to it. You can't tell me that my channel has grown or my audience has grown at the same rate as people who just show baloney. Uh it just call up call up call up.

No transparency. No transparency. No transparency. Um, [clears throat] I get crapped on on X constantly, so what is the point of doing it on X, right? Like there's none. So, I don't know. We'll see. Like, is it even necessary that, right? Can we just be data reporting on what's going on in the market? Here's what typically happens next. Does there have to be the part of here's every little move I'm doing in my port? I don't know.

Because nobody does that, right? Nobody does that. I'm the only one who does that. Everybody else can get away with like hedging their words and baloney and then after the top's gone. Oh, by the way, I sold top. No, no, you freaking didn't, you liar. All right, I gotta get out of here, dude, before this gets real bad. All right. Uh, as for targets for circle, I don't have any targets for circle right now. I'm just waiting for the cycle to kick in for the crypto market and see how it performs in there.

Uh, XR Priest Silver's blowoff top went from 1.68 to 2.68. Parabolic move starting at one fib level at any a pattern to look for. Yeah, that happens all the time where the the different fib levels are the resistance is on a on a march up, right? For me with silver, my thoughts are, yeah, it's just back testing the major breakout, right? What was a 45 year range that it got stuck in there? Massive break out of that range with no back test.

It's probably just back testing that area. We're probably ranged for a while. And the thing about silver is, we've talked about it on this channel since the inception. And I've even making silver videos in the first year of having this YouTube channel, which I just mentioned, we're almost at seven years uh here in a couple of months. It's a slowm moving asset. And then the attention span of the same people who are doing meme coins and chasing everything and anything and everything, you know, they go chase silver when it's breaking out, right?

When it's typically so slow, we're talking about 45 year range got broken. back testing it could range sideways for two or three years right before a next meaningful move comes out of silver again and that's just how that asset moves. Um but definitely we see it all the time you hit one fib extension it'll come back to the next one and then go then and back test the previous one and then go back up and and bust through that one the second time it goes to it.

Uh BM Habs, 38 months, brother. Thank you. Says bags are loaded up. Let's get this money, boys. Thank you, brother. Ripple Reverend, thank you, dude. He says, "My biggest fear at the moment is you becoming too big and essentially being bought off by the higherups. If you do, give us code word." So, we know you have been your superhero. Uh here, I'll tell you this, man. Uh, I don't have any sponsors on the channel, okay?

Uh, anything that gets shilled on here. It's my stuff, right? I made it, right? Like, it's my content. It's my stuff. Newsletter, right? Like, um, I don't have outside influences. Uh and it's very specific that way because when you have sponsors, you are absolutely trapped uh to appease. Uh you suddenly have like a boss you have to and it's not really that you have a boss, but it's like a client like you have to appease, right? like they're paying for advertising to you and you know they're wanting very specific results from that and when you're telling people, hey, prices are going to go down, do you think that triggers positive feelings in them?

So, if I came on to the channel today and I said, hey, prices are going to crash down really low and you're going to get wrecked really hard. Now, let me tell you about this incredible product where you can put your crypto onto a a device and hold it. It's like, well, wait. You just said it's it's going to crash and crumble. Yeah. Yeah, but here's a device. You could put it on here, but why would I put it? You There's this conflict that happens between having sponsors and giving real stuff.

And it's not that it's intentional, I don't think, but like it an a content creator is really tugged in two different directions if they have sponsors and then if they're trying to give true real opinions on the market at the same time. That wanting that sponsor to be happy and stay and keep paying you influences the words coming out of your mouth, right? Like I and I think what we witnessed during all of this, everybody had sponsors, dude.

Everybody's got affiliate links. It's how they're keeping the lights on, paying the bills. Um, I have officially gone over four years with no sponsors now on this channel. Um, I got offered a very, very handsome sponsorship deal last week, a very very big one. Uh, from a very big company. and uh and uh if the amount of money was offered would be life-changing for a lot of people. Um and I turned it down. So uh I remember talking to my wife and I told my wife right away.

I was like, I'm I'm going to turn it down. And we're just looking at each other thinking, man, could you imagine 10 years ago saying that? Uh but you know, you sit here and you say you're worried uh that you know they're going to come get me. [laughter] They're not going to come get me. I love the way I do it right now. I I love the you know, three videos a week. I love the uh the newsletter, the det. The newsletter is cool because it forces me to really have a clear picture of what's going on in the market because I'm trying to provide value in that and it requires me to dig really deep into what's truly going on in the market so I actually have like kind of a clear idea of what's happening out here.

Um, I don't want to get to the point where I have sponsors and I'm making videos that I don't feel like making because somebody needs me to do it. Um, so that was a weird feeling. Somebody I told somebody about it and they were like, "It must feel good to turn that down." I go, "Well, it feels kind of stupid to be turning it down." But, you know, uh whether you need to know that or not, just know that this, you know, we've now exceeded over four years without a sponsor on the channel.

And uh don't see one coming soon. Doesn't mean I'm not going to stop like promoting my stuff and I do always try to uh keep that towards the end of the video so you guys can kind of get your content and then if you're like, I have a stupid newsletter, I'm out of here. Whatever. Uh, [laughter] you know, I try not to try not to bombard you with it. Uh, but things things are just going to stay the way they are, guys. So, but I mean, if you're worried about like the higherups buying me off, I mean, they haven't come at me yet.

They haven't made an offer to me yet. There's been no offers. Not even lowball offers, dude. There's been sponsor offers for sure from big big big name big companies. But no, no one's tried to buy me off because I don't think they buy us. I don't think they buy off influencers, guys. I think they've planted influencers. Think about that. I think there's big names that are plants like your Jim Kramers but of crypto. You think Jim Kramer is really bad at his job or you think he does his job perfectly?

I think he does his job perfectly. Okay, we got to keep going. Uh Oscar, what up? Says when membersonly live cookout. Yeah, [laughter] we did some weird stuff in 2022 and 2023. We went fishing. We went barbecuing. We were fish tanking. Talk about drums. But a lot less of that this time around. Uh but yeah, I did tell you guys last week that remind me in markets of the morning about members only live stream this week.

We'll we'll do the one this week. We'll uh maybe we'll plan for it tomorrow. Tomorrow's probably a good day for it. I was going to say Friday. But tomorrow is probably a good day for it. So maybe we'll do it tomorrow early morning. And so I don't consider what time we start markets in the morning to be early morning. Do you? I consider it to be. What do you all do? You consider this early morning? I don't consider it early morning.

So, I don't know. We'll figure it out. All right, we have 1,700 people in here with 587 likes. If you guys could please like the live stream, it's the number one free way to support the channel. Otherwise, let me tell you about my new sponsor. No, I'm [laughter] just kidding. All right, Michelle Wilson. Brother, I'll say that you being transparent about your bags and sales is the biggest different intruder between you and others.

Well, I think there's other different I think I get things right too, not just that. But either way, you are the man. But it's a huge difference, Marker, compared to the fake dudes. I know. I I know. I know it does add credibility that I do it. So, but that may just be more of frustration. Oh, frog it. I haven't frogged it. All right, let's change the tone a little bit. Let's frog it. [music] >> [music] >> It is Wednesday, my [music] Wednesday. >> All right, I can I can smell it.

We're getting near the end. Uh Michelle, Mr. Q says, "Uh, what's your target for ADA asking for Oscar in Texas?" It's just going to be whether or not you know really a lot of these altcoins if you just haven't learned over these years now whenever we reach that period of euphoria finding the confluence on everything is it all marking the top or not and then looking at it and saying who's failing and who's not failing right will have a chance to be able to get out who knows but man we'll see asking for Oscar in Texas yeah all All right, Oscar Hernandez, hit the like.

Subscribe to the newsletter. It's the best online course. Oh jeez, Oscar, thank you, dude. Uh, crayon Dave, or as my wife would say, crayon. It's clearly Crayola crayons. But in the move from 15 to 32K in 2223, the Fed aggressively hiked in six out of eight straight meetings. Yeah, one hike is going to kill the market. Well, the difference is too is that in that time too, the market was very uncertain about what they were really going to do.

This one's like been seen from a mile away. This is nothing new. Like literally, guys, this thing has been seen from since January that this is around the time we would end up getting one. Matter of fact, the market was even kind of thinking that we'd get one right when WH was na um is nominated the right word, not um whatever sworn in, whatever they do for that. Thank you, brother. Uh, Matty B, new member. Matty B. No way.

New member, man. Uh, Ben Davenport, new member. Uh, thank you guys. Uh, altcoin artisan. Hey there. I've been watching your channel for about six years now. I just want to say how much I respect the way you stick to the charts and the facts. No hype, no shilling, just clarity. Keep it up. Thank you, man. generous super chat, nothing but kind words, and I appreciate it, dude. You've been hiding in the shadows the whole time, huh?

Thank you, man. Matty B. Yeah, now it says it never for 39 months. Why it just renewed for tomorrow, Matt? These SW only up 10% at the bottom. CX is up 120. Yeah, so that's going to be the thing with the altcoins, man. Some of them have caught good bids, some of them have caught no bids. And that's going to be the truth. Like here, very cold hard truth. Cold hard truth. 80% of altcoins from the top 100 did not set a new all-time high in 2021.

Probably 90% didn't in 2025. It's going to be going to be hard. It's going to be hard. So understand your odds are playing with man. You know what's what's interesting too is like I in two newsletters ago really went into a lot of utility stuff too and like uh [sighs] really ran a lot of stuff on the altcoins and there was definitely a like overall better reaction and sustainability of the ones that uh as a whole as a basket. like we can't just talk about each individual one, but as a basket getting reactions there off those lows and sustaining them compared to stuff that um token is questionable.

Uh Nash caster says spicy BCB is what I live for. [sighs] Uh yes, uh wife says in chat, did he say members live tomorrow morning? I wasn't listening. Yeah. Well, I just thought tomorrow would be good because I think you'll be kind of busy and stuff. I don't know. I think it'll be a good day. So, all right. What are we at? 54 minutes. I'll frog it one more time. I feel like we haven't done that very much in the last few and but this time we're going to screw it up and chopped it.

So, if you are in your vehicle today, which I know most people aren't, or whatever you're doing, uh, take it in everybody, get your chill on. >> Oh, wait. No, no, that's rave. We don't want rave. Hold on. [laughter] That's rave mode. [gasps] Okay. Okay. Okay. Hold on. Hold on. What do we do at Is that 75% or is it 50? So, we're going to test it first real quick. >> Oh, yeah. That's it. That's that for sure. >> All right, y'all.

What up, bro? [music] It is Wednesday. It is Wednesday, my [music] >> [music] >> All right. That's like if you haven't, you know, you haven't had your coffee yet. But, uh, now we got our coffee. We're ready to go. Good morning, everybody. [music] Wednesday. >> It is Wednesday. My >> Yeah. When people ask me, "What do you do for a living?" I just I don't I don't tell them about this part. Okay. [laughter] Y'all have a great day, everybody.

Cameron, new member. Welcome. Brother Matty Beed renewed for tomorrow. All right, dude. Guys, I hope I didn't miss anybody. I appreciate you all uh for being here today on this fine Wednesday. Made it just got just kept it right under an hour there. Uh check out the newsletter if you haven't checked out it, of course, over there, blockchain backer.substack.com. I recorded an audio with it 48 minutes in there. We just go through everything in there.

I do like I keep harping on it. I think conviction is going to be the most important part right here, right now. Uh thank goodness. I I think for anybody who is actually here. Uh wife is saying maybe I missed one. Oh no. What is going on here? No, no, no, no, no. There. Okay. I hate it when it does that. Okay. Here we go. Oh no. Matthew Webbble said, "Man, I think my super chat got missed." Oh well. All good, man. Take care and I'll keep lurking.

Thanks, man. Matthew, I don't want to do that to you, dude. I'm going to find it, man. There it is. Dude, I never catch lives live. I'm here since 17. Thanks to you, I remodeled my kitchen. My wife thought I was crazy. She still does, but I'm 100% in. Let it rip. >> [gasps] >> Hey, you got to show the track record to the wife, right? Like, look, listen, lady. [laughter] I know I do questionable things, but hey, how how are we doing right now?

We're doing okay, right? Yeah, good luck with that. [laughter] Wife is probably listening right now, just rolling her eyes at me. Okay. All right, y'all. Have a wonderful day. I'm done. Check out the newsletter. Thank you all so much. Oh no, did I miss another one too? She's sending me more stuff. 42 pros has thoughts on Bitcoin moving into a February, March, April of 2023 price action moving up 10 to 50% and fall 18 to 22 only to blast upwards after retail sales again.

Definitely a pain and trade for I don't know if it's people everybody uses like a recency bias to go back and look at past ones and say we're going to do the exact same thing. You know, it's it's is it are there going to be ranges on the way up? Most likely. There usually always are. But we looked at the last one say, "Oh, is it going to model this one exactly?" Well, it's already not modeling the last one that we had exactly.

Um, so you know, I think you know what am I cheering for, guys? Like really cheering for dude. I'm hoping this is right. I'm hoping this whole thing that I have followed for one year and seven months on the channel in newsletters and it got us to actually catch the entire bare market. Uh if it ends up being a raging raging bull market like that's what I'm hoping for, right? And the thing that with this and that I keep kind of reiterating and harping on and then I do have to wrap this thing up.

We had this big problem here in the market last time. So I don't think using the exact recoveries that happened in 2023, 2020, 24, and 2025 are going to be uh reliable this time around because I whined and complained and moaned the whole time. I felt sorry for you guys that I had to do it. Brett, [snorts] breath, breath, breaths. you probably never heard of the word Brett prior to watching this channel, but now you like you hate the word, but that was our problem back then and we don't have the same market condition this time around.

Um, so I think we'll look to something different. Um, in in addition, I don't want to go all into it because I'm supposed to be wrapping this thing up that, you know, if this is a rotating equity top, what we saw was a struggle of breath because of a massive consolidation into mega caps and then looking for an unwinding and rotation to happen and more extreme risk-taking happening in mid and small caps. Which again does not mean this is going to look like 2013, 2017 or 2021 where they're all expansionary cycles happening at the exact same time. that it's going to look different and uh it could be it could be silly.

It could be silly um and it would be something we haven't been through together before. It would be something new uh followed by a decade or two of terrible equity markets. So, all right, but we like look forward to the moment prior to that, right? So, okay, I'm done. I'm done. I'm done. I'm done. Have a wonderful, wonderful day. Everybody, thank you so much for watching. If you could please like the live stream and give it a thumbs up.

If you're new to the channel, please subscribe and hit the notification bell so you can be notified of when I create new content and when I go live. As always, this is not investment advice and I am not a financial advisor, but if you ever need a pickme up or a little bit of reassurance, just remember that the blockchain backers got your back. Have a good one.