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Yeah, so here we go. We got the Monero price right in front of us. You can notice that it's been a pretty calm week.
We've had a little bit of mild movement to the upside.
We basically turned these wicks into more of a stable price and a go figure right at 150.
Currently, you know, looking like maybe, maybe do we want to try and bust out back to the top side here?
That's obviously what we would like to see.
What I would really like to see.
So it took us maybe, that looks like about two weeks to me where, you know, we had that crash, our last crash that happened.
I can't remember what drove this one in August.
But anyways, yeah, we crashed down for a moment, took about two weeks, and then we came back towards the upside.
So it would be cool if we crashed down here and then presently in the next day or so start making our way back up.
That would effectively imply that we have demand that, because crack and delisting across the entire EU.
That's a big deal in terms of the news cycle, right? In terms of the hype.
So for us to crash down and quickly recover the price, even more quickly than back here, that kind of speaks to the power to the volume buying what's happening.
People are like, nope, they don't care. If Menera crashes, everyone's happy because they're just going to buy more.
And the liquidity has got to be low enough on these exchanges that it forces the price back up.
So currently stablecoin price is 150. There will come a time this will get revaluated and our stablecoin price will eventually sit something closer to the 250-500 area.
Does anyone's guess as to exactly when that happens?
But some, you know, probably something about the next liquidity expansion will be that moment that that happens.
So you can see we've still got our price predictions here going looking forward to Mineratopia in about a month.
I called 182, I guess, because I'm a negative Nancy. I'm just not bullish enough tucks coming in with prices right rules just to defeat me at 187.
It looks like in a dug called for 202, which would have been like a big way back here.
So yeah, I guess everything looking pretty stable, pretty normal here on the Minera versus US dollar price.
As far as related to Bitcoin, yeah, we had that big, we had the big fall off, you know, obviously same deal, crack and delisting.
And we've kind of been moving towards the upside here.
Later, we'll look at Bitcoin and you'll see that it has actually been falling just a little bit itself.
So cryptocurrency has been, I don't want to say languishing, but probably languishing is right.
It's just nothing happening, maybe a little bit of downward action.
Yeah, we, nothing else.
Oh, you know, let's look at the Bitcoin, sorry, Minera versus Ethereum price.
Yeah, so we basically, we are now solidly back inside of the very large standard deviation area.
Overall, as a coin has not been performing anything impressive, nothing that you would look at and, and write home, write home about.
So yeah, we've basically gotten back into the, into the large standard deviation structure.
Maybe we can expand this chart just a little bit, make it slightly easier to see.
Yeah. Okay. So we're on the three day chart.
You can look down here at the bottom for your reference of time 2022 right here.
Let's even zoom more.
Okay. So yeah, you can see there's the standard deviation structure from there, Minera versus Ethereum.
You'll notice that the bands widened as Minera price dropped down.
That's, that's classic Bollinger band as it's called.
I don't know why the dude had to call it Bollinger bands, you know, just to sound cool or something rather than standard deviations, whatever.
Anyways, we are now back solidly in that lower standard deviation.
You'll notice it's starting to curl flat there.
That's, that's a good sign.
Um, you know, and I do wonder in terms of when the liquidity expansion kicks off, probably Minera should go up with the rest of the market this time.
We'll have to see maybe they've still got tricks up their sleeve. Certainly they do.
But for the moment, this looks like a good stabilization on a long term basis.
In terms of, you know, okay, we had, we had the drop out and then now things have basically come back.
You'll really, what you'll notice is that at that peak here, that's effectively our pre crash price versus Ethereum.
So, um, I mean, what you really want to see is some stabilization and then moving towards the upside of that band.
If you want to say that, that Minera is going to really start outperforming Ethereum for the long term, we'll probably come a day that that does happen.
I have no predictions for you here today on whether that is sooner or later.
So, um, yeah, with that, that's probably most of the Minera price Minera versus gold, nothing really changed here.
Gold still strong, still doing pretty well.
Looking at our overall stable coins, we got Zano here, always in the top left quadrant, number one for us, I guess, apparently.
Yeah, so we still have this kind of pendant formation hanging out at the top of that pendant. That doesn't necessarily mean anything.
It does suggest slightly more strength than, than weakness.
You really, you know, you really kind of think that, hey, you kind of want to test one more time if you're going to like try to go to the upside here.
I mean, things can just break out for no reason at the right, but let's just go ahead and draw a splitter there and do some dubious technical analysis.
So you can see we've got the splitter right there and the splitter is kind of a useful metric for you because it often gives you a good place to look.
If, like in this case, if this coin is going to be bullish, you would want to see it do something like maybe test that splitter there, you know, kind of do this, maybe make a wick above, right?
Maybe test the splitter again and do something like that. And that's, that's usually like good price action. That's totally hypothetical.
Just kind of giving you guys a feel for things you might look for if you're, if you're trying to get a coin that's, that's about to break out that you think is, you know, setting up to break out to the top side.
It doesn't always play out like that. But, you know, anyways, FIRO, I don't know if I've been mispronouncing it. I call it FIRO.
Maybe I've just got a weird accent or something. Yeah, this thing is still consolidating. At this point, you would almost even try and draw some lines that look like this.
Let's get rid of the dots.
Maybe try and draw some line that looks something like that.
Right. So this technical pattern doesn't necessarily tell you that it's going to go up or down.
It's really just a narrowing volatility pattern.
Probably this thing will go the direction the rest of the market goes. So if the rest of the market breaks down, it too will break down.
If the market starts pumping, then FIRO will start going towards the upside as well.
Pirate chain, nothing has changed here. Lots of oscillation.
That would be funny if this oscillation started dying down.
That would probably mean that one of you chads out there that was listening was like, yeah, let me just trade the oscillations, which would have the tendency to dampen the oscillations,
especially if you were leveraging it for all of the liquidity that was available there.
Let's see. Darrow just stepping, stair stepping towards the downside.
The inevitable march towards death. I can't see how Darrow is going to be relevant at all ever again.
But okay, whatever. And then Zcash, wow, pumping. Okay, Zcash, Zuku have you been shilling hard lately?
Maybe it was Barry Silver, who knows? But yeah, they just pumped 50% in the past.
Those look like about eight days, week and a half maybe.
So I guess Zcash, good on you guys trying to show some strength, whatever.
I don't think we believe you that much, but you know, why not?
Okay, going towards the broader analysis, starting with Bitcoin, obviously.
Like we said, language, basically, and that's kind of story for the whole week.
Nothing really changed from this week to last week.
It's kind of like things sort of just leveled off in a holding pattern.
And I guess that makes sense.
You know, if you're, I don't believe the election theater that much, but you know, they do play theater.
It is a theater, right? So on the one side, they've got to do certain things because they're doing the actions and then they get to get to do the same thing on the other side.
And there's a lot of true believers in the theater that think it's actually real life.
Okay, whatever. From the context of the theater, if you're a Democrat, if you're the current administration, you really want to hold the markets level and study until the election.
If you can't, right? You don't want, you don't want things to the bottom to just fall out.
At least if you wait until after the election, you can say, oh, the nation is panicking because the E-monsters getting elected, right?
Because they know they're going to lose. Like Trump's going to win, guys.
I think everybody's starting to, this is starting, they're starting to realize this, which we knew immediately when the fake sanitation attempt happened.
And we said, no, this is, this is the anointing by God of Trump to be, you know, to lead America back to greatness.
Of course, obviously. Oh, and by the way, they, listen, when the CIA wants you dead, they put two, three backup shooters behind the patsy to make sure that the job is done.
Oh, and if he really was a threat and they really needed to take him out, they would have just heart attacked him or they would, you know, they would have given him some, they could have done something far more covert.
That would be less inflammatory for the nation and eliminate the problem, right? That's like racing.
Have you ever watched Breaking Bad? Yeah, they're exactly right.
There's a number of things they could have done to just take this guy out if he was really a threat and they would have done it.
And it wouldn't have been with the uproar of everyone else being like, hey, we, now we have to fight, fight, fight, right?
Like that wouldn't, that's just too, it's too theatrical, it was just too much.
And the more I thought about it, I'm like, no, that's not how the CIA operates.
Look at every freaking assassination.
There's always a second shooter, a third shooter, magical bullets, right?
Like from the Vegas shooting to John F Kennedy, it's just always been like that.
So that they wouldn't have missed.
There would have just been some oddities about, you know, some magic bullets, maybe.
So, which means that it was intentional.
They wanted that theater to happen.
So anyways, Trump is the win guys.
Like just go bet on it. You probably make money.
I'll thank me later.
Okay. So anyways, Bitcoin is languishing here, expected to continue languishing.
I don't see any reason why Bitcoin should suddenly break towards the top side here.
There's actually a thing that happened interesting this past week.
The Supreme Court declined to hear a case about selling 69,000 Bitcoin.
So it was, there was like a California, I think it was a California court that had ordered the sale.
Or maybe it was like the ninth circuit.
I don't remember which numbers of circuits correspond to which states or areas.
Anyways, they had ordered the sale of 69,000 Bitcoin.
Maybe it was, I think it was the Silk Road Bitcoin.
I'm not totally sure there.
But anyways, it was 69,000 Bitcoin.
Great number for Bitcoin and Elon Musk.
And so there was an appeal that was going to go to the Supreme Court that says,
no, you can't sell these Bitcoin for, I don't know, whatever reasons.
The Supreme Court declined to hear that case in their upcoming round of cases,
which means that basically that Bitcoin can now be sold.
So it's an open question of will it get sold because if Trump's going to win,
then may he'll follow up on that whole strategic reserve and transferring those to the Treasury Department,
which would be, I mean, no matter how you slice it, that's a win for Bitcoin bros.
That's a win for some of their predictions about the integration of Bitcoin into the system,
which also doesn't surprise us in the slightest because you're like, yeah, of course they want to integrate that into their system.
They want Daddy Trump to give them the fake pump.
Yeah, that's a great way to put it.
Oh man, put that in your journal guys and read it tomorrow.
Yeah, so I don't think that should have any major effect on the price.
It would be interesting if the lame duck administration sells that shit off quickly,
so just to prevent the last FU to the incoming administration, that could definitely happen.
And it would be like maximum entertainment.
So I kind of hope it does happen.
I'm not sure how much it would really affect the price, probably not that much guys.
I just kind of be like, oh, okay, no big deal, right?
It wouldn't be a terrible, terrible situation because all of the bullish momentum,
you know, of the pro-crypto president coming into office would probably mostly offset that sale.
So, and they've got, I mean, plus they've got ways and means guys.
They've got mesems to keep the market generally where they want it.
They've, like, they have finely tuned mechanisms to do that kind of thing.
Anyways, but big broad picture here is that Bitcoin is still trending along these,
effectively the standard deviation and our pleb lines, right?
So it's kind of like sort of all of our analysis here from the technical standpoint,
really does point towards this sort of continued sideways chop for some period of time.
I'm expecting that will break again with liquidity
when the next liquidity expansion happens.
It's, I mean, again, like we've talked about this, if there is a crash and a subsequent liquidity expansion,
that's the time to literally take loans and then put your money into high beta,
which means high volatility, high risk, high reward assets.
It's just free money, it's just guaranteed free money basically.
Okay, so let's go take a look at some shitcoins here.
FTT hit pump for a while, seems like it's pulled back.
Probably still has, we're not going to really look at the US dollar price on FTT,
but the next big winner here would be Avax.
Looks like Avax has had a good pump here for the last two days.
So yeah, Avax is, I like the idea of Avax.
I'm not sure how much it's going to catch on.
It seems like Seoul has captured the soul of degenerate pump gains,
mostly because it's just a mean platform, right?
In fact, Seoul has taken a lot from Ethereum.
Ethereum could have been doing a lot better except for Seoul took a lot of that thunder.
And it makes sense, the new thing, the shiny thing,
at least one of those usually sticks around.
So Seoul was the one that is apparently sticking around.
Is there anything legitimate on Solano?
Anything with what?
Anything legitimate on Solano.
Oh, Tether?
Tether's probably the most legitimate thing on Solano.
Also questionable, that's hilarious.
Maybe USDC if we wanted to try and convince ourselves of something.
There's got to be something.
Maybe there's like a gold deck token from PAX.
Gee, I really, I haven't really investigated what's actually on Solano.
I just know that the meme people, the meme bros are there.
So yeah, let's see.
Avax is cool because it's got this like, this DAG, like DAGs,
directed asyclic graph.
And it actually apparently works pretty well.
They've got all these subnets.
They could hypothetically reimplement just about any coin on their network as a subnet,
which, you know, someone said, hey, we could probably do Monero.
I was like, you could, but kind of,
kind of lose the point of having the big broad fungibility of the entire network.
Like it's, it's a privacy layer.
And we've seen that privacy layers and protocols will get attacked.
So your entire network needs to be a privacy protocol itself.
Yeah, but anyways, it's an interesting chain.
It might be scalable.
They've got some cool tech, whatever, I guess.
Probably though, you know, pump with the rest of the market in the next,
in the next big liquidity expansion because they were,
to me like Sol, Avax, even FTT to some extent.
These coins are not OG coins.
They came about before the last bull market.
They had good performance in the last bull market.
And so they've got like, they've got this nice sweet spot of where people know what they are,
and they've got the higher risk, high reward, and people know that.
And so that's a lot of money is going to flow there because of that.
And it performed well last bull market.
So there's going to be like decent amount of performance of these coins in the next.
There's like a very high probability of a decent amount of performance of those coins.
The old stuff, for the most part, by and large,
the old stuff doesn't like to perform that well.
You know, like, what would be an example?
Like when's a good example of old stuff that you really can't expect to kind of perform all that well.
I mean, yeah, it'll perform, but just relative to what Sol is going to do,
or Avax is probably not going to do as well.
Sorry, excuse me.
So in a relative sense, you want to go for those coins that are new,
but not too, too new.
The new stuff obviously has the best chance to gain the most,
but unless you really know what you're doing, unless you really understand the market,
it can be harder to choose to pick the winners of the coins that are, you know,
just a year old or two years old.
So yeah, that's just kind of again, some ranting on how to think about shitcoins
and which ones you want to put your money in, you know, put your money in safe shitcoins,
not sketchy shitcoins.
Man, who thought that that would ever be happening be said on the Mineratopia Press Report.
Anyways.
Okay, so we've got the Bitcoin dominance here.
It continues to march up.
It's actually now cleanly broken above.
It's sort of like a very obvious spot that we had from last cycle.
We could probably drop another horizontal line there and say,
okay, well technically at the moment it's kind of occupying that zone.
But in general, this thing just continues to rise.
So like I've said for a while, I don't exactly have great opinions
on where this thing is ultimately going.
That would be how you might try to draw the lines right now.
You could say that this is sort of, you know, the dominance chart is starting to level off just ever so slightly,
but there's no reason that these top lines have to hold at all.
And the other thing too is that typically when it's time to kick off the bull market,
they will clearly smash Bitcoin towards the upside to tell everyone, hey,
you can be comfortable now that we've cleanly made new all-time highs
and it's time to go.
And then everyone's just going to be yoloing everything first into Bitcoin,
and then into crypto.
And you'll notice that's exactly what happened right here in the fall of 2020.
So timing-wise, for your cycle-wise, we're basically at that same moment right here.
We're in the fall of 2020.
So it wouldn't even be surprising to watch this thing go to the top side like that
and we'll have to endure for some period of time all the maxis.
What kind of period of time would this look like?
We will have to endure for maybe, oh, wow, 24 weeks.
For maybe half a year, we'll have to listen to the maxis,
talk about hyper-Bitcoinization again and get them all out of the woodwork
and maybe they're part of the necessary liquidity to just smash the whole market
towards the upside, but you can bet that after some bump to the upside,
it'll come back down again and shitcoins will perform for a period of time.
It's just the cycles, it's the circle of life, the ebbs and flows of cryptocurrency.
Okay, I guess it's about all we need to talk here about crypto.
Like I said, there's really not much to talk about today.
Oh, we forgot about Minera transactions.
Not that that's really changed much.
Yeah, 25,000, maybe slightly on the downside of that.
So maybe like 23,000 on average here for the past week.
Looks like Doug maybe trying to come in for an update.
Let's see. Hey, Doug, what you got for us?
Hey, I'll just say we got to remember to judge the memes.
Today. Oh, that's a shoot. That's right.
Yeah, we have the memes contest going on.
Judge the memes. That's correct.
Maybe after we get Zino.
Yeah. Zino, we could do it after that.
Zino could even participate if he'd like to be there as well.
Zino's got his pulse on the meme culture, I believe.
Yeah, exactly. If he didn't submit, I don't know.
But yeah, I just want to get that word out on that.
Also, I mean, I think Tony had mentioned it to the Copa Monero
semifinal game tomorrow. Let's just keep talking about that.
Oh, yeah. Yeah, yeah.
Tony mentioned it in his news.
And what time? 1pm Eastern, I believe, right?
I believe so, yeah.
Yeah, there'll be two games played back to back.
So tune in and once again, spread the word.
But yeah, meme contest coming up once we have Zino up on stage
after we do the special guest.
Awesome. Any comments for Body? Let's see.
Secretary Boudicic says they met John Bollinger in 2000.
I figured Bollinger Bands was just someone's last name, Bollinger, right?
Unless this is total troll.
Okay, maybe it's real.
He seemed too humble to have named the indicator after himself.
It was probably someone else's idea.
Hmm. Okay.
Maybe perhaps.
Chapter 4 dollars. No comment. Thank you, private tip.
Interesting.
Well, nice private, very, very private, very generous.
Yeah, I don't know.
I thought maybe it was just like his marketing team or something.
Who knows?
But yeah, we'll cover the macro and then we'll,
exit stage left.
So nothing big happened here.
We had the dollar index move to the upside a little bit.
Gold had a little dip and then came back to its basically to its all-time high price here over the week.
So really overall no movement there.
Reverse repose flat.
So liquidity basically staying the same.
The only thing that I would say here is that US oil managed to keep itself inside after like kind of breaking on this line.
Has kept itself, got back and kept itself up here.
Still though, like that's not good.
Like in terms of, you know, the price of oil, you, you typically don't want to see something break down, you know, and then, and then do this.
Sometimes, you know, that can be like a fake out before it smashes to the upside, but this needs to smash the upside in short order if it's going to prove that it's going to do that.
Because otherwise going down here and then kind of languishing and then breaking back down again, that's, that's bad price action.
But that is the kind of price action that you would use if you're trying to hang on and prevent something from happening.
You're like scrapping for every little like, ah, here's the break.
Nope, nope, nope.
It's not quite breaking down.
And then like, oh, it's down there.
Oh, no, wait, maybe it'll right.
Like that's the kind of for people that are trying to control assets for social reasons and other reasons that they do those kinds of tricks.
You see that kind of like breakdown pattern.
So anyways, I'm not saying that, you know, well, what I am saying is that if we see oil breakdown, that's again a closer.
Line of a more eminent crash coming up.
So at the moment, not, not exactly here yet.
But again, you know, the target window here is effectively November to January, right?
Like that's our, that's our target window for expecting some kind of big crash right here.
That's my highest probability window at the moment.
Maybe it doesn't happen that soon.
I could be wrong.
The crashes is coming like there is some problem coming.
These, you know, we can look at bonds and we know that, hey, the yield curve is uninverting and as I already started lowering rates.
They don't have a meeting this month.
I think they have another meeting in October.
So curious to see what they do next month.
Although bonds did kind of continue to come this week.
So you'll notice that.
Well, actually, I'm sorry.
That was last week.
Bonds have largely remained flat this week.
So again, this week has just been basically no change across the board.
There's just really not that much to talk about.
I guess we had some, we had some CPI numbers.
So inflation numbers.
The CPI came down, but the core inflation bumped up, which I thought was interesting.
That's actually not a good sign for core inflation to have bumped up.
That could affect the Fed's decision, whether they want to lower rates again or not next month.
But the CPI came down just a little bit.
So I can't remember.
One of them leads the other.
I felt like, I feel like the core inflation tends to be more stable and then the, the CPI will often sort of oscillate around it.
So like you'll notice here, the core inflation stayed high.
And even though the CPI came down for a little bit, 2015, 2016, it ultimately came back to match the core inflation.
So for the meantime, there's this kind of divergence happening there.
Who knows what the Fed will decide that means.
Yeah, nothing else, nothing else happened.
Let me check my notes here.
I thought there might have been.
I guess nothing really.
Yeah, nothing else really to talk about here today.
So yeah, with that, let's hear what Zena's got to say.
All right. Thank you as always, body for the price report.
Looks like it's been a little bit sideways over the past couple of weeks.
Nothing too crazy.
Yeah, imagine we'll get more crazy during the election, the, the vote harder.
And apparently if you vote hard enough, you'll make a change election.
So with that being said, they've gotten stored.
They might have something stored for us like entertainment wise theater wise was as the election draws close.
Hillary Clinton was out there making suggestions about craziness that's about to happen.
That will surprise us all.
So what do you got for us?
Truly is just entertainment and not actual major events that we have to deal with again.
Yeah.
Oh, duck tuning it again.