remote sensing and GIS for rural development, NPTEL course, this is week 3 lecture 3. In this week we have been looking at the remote sensing data that can be used for rural development. We have identified three special focuses, water, soil and climate. In the first part of the lecture series, we are going to look at the available data for mapping using Indian government data archives. In that sense, we have been looking at the Bhuvan series. In the last class, we looked at Bhuvan water data. In today's lecture, we will look at soil and climate data that is stored in the Bhuvan water. So this is the hierarchy that we will follow. We will first share the soil and program projects. And from there, the program projects will identify the terrestrial sciences and then Indian soil database. There is also a soil erosion data, we will look into that. So if soil is eroded, you would know that it is not feasible to have rural development initiators. And that is why we need to be accustomed and informative about the soil health. Before going into soil health, it is need interested and immediate need to identify the soil type. I have seen in many projects, they start to build infrastructures without understanding the soil quality. If you do not understand the soil quality, it will be eroded and washed away, thereby reducing the lifetime of the investment of the rural development project. In that note, we have looked into the Indian soil databases, which has been archived in the Bhuvan portal. We will also look at the soil moisture data that is being stored in the database. And provided time, we will also be looking at the climate variables. So this is how it looks like. You will click the theme products. After the team products, we have the programs and projects. We will click that. And then in that, you have climate under the atmospheric and climate sciences. You could see you have cloud cover, cloud fraction, planetary boundary layers, etc., etc. This is not as much as we would require. So for that, I will definitely give another link of database. Please understand that not all the data that is stored in Bhuvan is driven by Indian satellite data. There are some satellites, like for example, modus, landsat are being used in the evaluation of the studies and data. However, in the Bhuvan portal, it is being stored only for the Indian region. So it is easier for you to download and access. So without further ado, let me share the screen for the Bhuvan portal. So I hope the Bhuvan portal is now visible. And you could see that initially I had clicked on the open data archive. And as promised, I have logged in. You can see my name is coming and you can see log out. So in the login section, it is important to have that for the data download. Let's do quickly the product that we did last time. We did a water layer. And then we are going to pick at 20, 16, let's say Jan, list products. We have Jan 5th. We have this data and then we click download. So it says dear pen and it is being downloaded here. So you could see that it is downloaded as a zip folder. You download as a zip folder. And then you could open it and look at it. So yes, it won't be visible on your screen because of all the data that I have kept it separately. But the point is you can download it as a zip folder and then put it on your desktop or download section and then you can use it from there. So moving on, we will look into the data that has been downloaded. So dear pen and your download will start now. If it doesn't start click here, I've clicked and then the data has come. So it comes as a zip folder, you have downloaded it. Once you have downloaded, you can answer it and then use it in the GIS software. We will wait for the hands-on section where we will go through GIS and then go through the download option again. Here this section is this lecture week is for you to identify that these sources are available and request you to go and check these sources for your study areas. So now let us go back to the slide where we said we will look into the soil data for which we will click the program and projects. Under the program and projects, we go to the National Information System for Climate and Environment. And then we go to Terrestrial Sciences because it's on the land. And then we go here. Here you will see a lot of direct data sets for soil and then indirect data sets. So for example, forest cover will tell you that the soil under the forest is forest soil. So this example is MODIS. MODIS is not an Indian satellite, it is a NASA satellite, but still they have it here because the length of the data is good approximately 30 years and it has been well researched and used for the Indian engines. So here we have a database organized by the Indian government, ISRO body and in that we do have foreign data which is open source, they don't pay for it so you can also freely download and use it. So there are two things that are directly related to soil, which is the Indian soil database and then there is the surface soil moisture data. The indirect ones would require like land degradation, which would look at the soil eroded, land eroded those kind of things. So the technical document would give you the idea of how they arrived at land degradation. So it's a salt affected soil, water erosion, water logging, wind erosion. Wind erosion happens if you see the sand dunes that are created in the desert because the wind brings and molds them up. So there are some regions where wind picks up the soil and erodes it. Let's see where it is. So you could see mostly on the deserter regions of India, we have wind erosion. Salt affected as the name suggests, mostly it will be in Gujarat because the Kutch area is there where we have white sand and the white sand is always laden with salt and also along the Ganges and other regions. The most highly in the Gujarat Kutch region and then the water erosion is mostly because of running water. Running water is across India, so you will see more and more, especially on the higher altitude regions. So you have the Western Ghats in the Maharashtra region and then the Eastern Ghats that go along in the Tamil Nadu and Andhra border. You see that the map is not updated in the borders, but however, please use this data. For example, here Telangana is not divided yet, they should be operating pretty soon. Water logging is the condition when water is too much and it doesn't go into the soil. So sometimes it just remains on the soil and it impacts the plant growth, which again will just less crop yield and then that results in less rural development. So that is mostly on the Ganges basin, Mahara Brahmaputra basin. So let's go back to what we had shown in the slide. We will be looking at the land Indian soil database. So it says here the soil, property, soil depth, soil texture, soil carbon. So those who have taken soil classes would know what is soil texture, what is soil structure. So these are important parameters that you have to associate with soil. So soil structure is how the molecules are arranged, which is dynamic in nature because you can compress and you can break the soil, flocculation, dispersion, those kind of things. Whereas soil texture is more permanent because it's a mix of sand, sil and clay. The percentage of mix of sand, sil and clay. So for now I think the introduction part that is enough. So soil texture is an important key role for this and the soil depth is also important to understand what type of soil we have at different depths because plants grow to a particular depth. If you have highly impervious soil, impermeable material in the soil, then the roots cannot progress down. So that is where you need to be careful about having a healthy soil with good porosity, good permeability to allow the roots to go in. So you could see that rural development is kind of impacted by these factors. You cannot just build everywhere a structure. And in my introduction slides I have clearly shown that a lot of times it has backfired and a lot of times there is a failure of the project across the world, not only here. And that is because they did not value the physical setting of the environment, soil, water, air quality, those kind of things. So you can look at here and it is based on the naming and other things are based on the USDA soil survey manual. So still I teach soils in IIT Bombay and I still use the USDA method because that is the predominant method that has come across for soil management. And a lot of countries still use it. The science is very well-validated in the US and backed up by a lot of research. So still we also use some nomenclature definitions from the USDA soil survey and that is why you see the soils are very important here. You can see the technical document. So you could have seen under the bottom of the screen in the previous minute or so the data has downloaded and kept in the folder and I could just unzip it using. So here is the soil data set document, how it was prepared, what scale of data that they used, methodology, all these things. There is some field work that they had to do and that is based on the USDA soil survey. So the survey means you go there and take measurements and stuff to validate the model. So now let's come here. As I said, you are going to look at the three soil properties. Soil texture is the percentage of sand, silt and clay in that particular location and depending on the sand, silt and clay there is a name nomenclature given and then there is a soil depth. How deep do you have soil? It is not unlimited soil you have. For some depth it is just unweathered rock and then partially weathered rock which is not conducive for crops or any type of rural development. And then you have the mean soil carbon density which is kind of not related here directly but indirectly it is a measure of the soil fertility also. So as much as carbon the soil is folding the plants are accessible to it and then there is much better growth of plants and crops. So let's look at soil texture. There is a metadata which says the same thing that we pulled out the form. So I will just look close it. It has been made in Hyderabad. So let's look at class. So once you pick texture, the classification is there. As I said there is clay, clayey soil which means more clay is there. There is loam which is sand, silt and clay together. There is clay skeleton which has dried up a lot of clay and then there is sandy, too much of sand. So let's look at clayey soil. So for a lot of people who know agricultural background clayey soil is sometimes mostly used for black cotton and those kind of things. So only certain type of crops can grow in clayey soil because it impedes the water movement down. It actually stagnates the water and so only some crops can grow. You cannot grow all the crops. So you could see that mostly central India has a lot of clay texture and then so you cannot grow certain aspects. In the regions where there is forest, you will see different types of good healthy soil. Much more mixed soil.  It is a mixture. So then we go to clay skeleton. So clay skeletal is more hard rock kind of area soil. You could see that mostly in the south, southern parts of India you have it and here. Then you have the loamy. So the loamy is a good mixture of sand, silt and clay. So all the other regions, the northern regions that didn't come up in the clayey part have a good fraction of loamy textured soils. You can download these maps. These are static maps, which means the properties do not change. So someone can ask, sir, why is there no time frame on it? It's a good question. But as I said, the texture doesn't change. If it is a clay soil, it's going to be clay soil. It degrades and stuff, but it doesn't change within a time frame of 10 years or 20 years, even hundreds of years. So we'll have to be using the same data set. So that's why there is no indication of time. And one of the reasons why it's not the boundaries are not fully updated, right? The Telangana, Andhra, the borders have not been demarcated here, which is because these maps have been static for a long time. The last is the sandy. So just like a quiz I could ask, where would you find sandy soil? The sandy soil is mostly found along the deserts. So you see it along the deserts and hilly regions have a lot of sandy soil. And mostly it is eroded soil that is falling down in the hilly regions. So deserts as the tar desert is there, you can have a lot of sand in the deserts. Okay, now let's go to soil depth. So in the soil depth, you can see like different classes. These are centimeters, because you should know where do you find soil up to 25 centimeters, up to 50 centimeters, 75 centimeters, 100 centimeters, and 200 centimeters. We'll come back to this in the soil moisture part. See 200 centimeters is a good depth for the plant to grow. Somewhere you only have soil depth very less, 0 to 25, 0 to 50 centimeters. That would impede the growth of the plant. So as long as the root biomass grows, the plant is also healthy and it grows. So we should be waiting to let the plant take full control and exhaust the soil depth so that it has more potential to take water and nutrients. So let's see each class quickly. You could see that 0 to 25 is very, very less. Maybe hilly regions, one or two regions in the central India. And then 25 to 50 is mostly prevalent. Maharashtra where I am teaching this lecture from. And along the hilly regions also you have 50 centimeters. 50 centimeters is still not that good for plant growth. And in the 50 to 75, we do have some relaxations in some areas, but it's not as small to see. This is a very good growing part, 75 to 100 centimeters. Most of the forest are covered here. You could see the forest because the root depth goes pretty long. The Himalayan region, Gujarat, those kind of areas, Tamil Nadu. And this is also good for growing rice and other crops where water percolation is needed, water needs to flush through the system. Then we go to 100 to 150, which is the majority of Indian part. So you also have a mixture of 0 to 150 soil and then 150 to 200 also. And the last part 150 to 200 centimeters, only here. So most of Maharashtra has a lot of deep soils. The good part about that is, yes, it supports plant, but then the bad part is water just can percolate to 200 centimeters and then go into the agrofer or different areas. So it is very, very important to maintain the soil moisture. Otherwise the crops cannot grow. So those who know Maharashtra, this is the dry part of Maharashtra. Okay, those kind of regions come here. And it's not that conducive for plant growth as witnessed by the Western Guards side. So this side of the whole country is in North Maharashtra. So let's now go to the mean soil carbon density. Again, it's not part of the class, but I'll just show you quickly where you find organic carbon density and inorganic carbon density, which is very good for potential greenhouse gas emissions. And then that impact climate change. So we're not part of this course, but it is there, so I'll just show you. All these could be downloaded as maps. So for example, you can take this and then slow me view and then download. So it says download open and then it is getting stored. Okay, so I'll just save it so that you can see that, okay, it's being saved. Now you could see that in my folder, it has been saved. Okay. You could now import it into QGIS and it'll be georaphanist. Moving on, now we will be looking at the second part of the soil database that I promised. It is a soil surface moisture. It is a two-day soil surface moisture, which means every two days, we will get the soil moisture condition. Now, if a farmer has access to soil moisture, then he or she will take a decision to either irrigate the land or not irrigate the land, because that is the biggest question for a farmer. When should I put water in the soil? In the soil, most of the times the farmer sees the plant and if it is wilting, turns color, then they irrigate. But in most regions also, they just blindly irrigate there by wasting the water. So we're going to look at this and this is also driven by the DIC model. The technical document will help you to understand this model. It is done by the VIC or variable infiltration capacity and also other data that is mixed, NDVI and all this stuff. Okay, so coming back, you can have different years and this is the only product I could see which is highly, highly updated. So 2023 already we have. I am taking this lecture, you would have seen my screen on 10th Jan. So let's see what dates we have. So we have from the fifth. So five days before, what is the soil moisture across India? We can see now. So let's look at view and you can see this is no data. It's not like soil moisture is not there. It's not correct to take data from the mountainous regions because the soil depth is very less. So people don't use it in the model but you could see that across India, the soil health is the water holding capacity is still good. The unit is meter cube by meter cube and you see 0.5 is the highest and then zero zero is very less. So you have the western vast still having good soil moisture. Central India still having good soil moisture because these are the parts which just influenced, were influenced by the monsoon. So the monsoon ended maybe November, October end or November first week. And then it was not too windy or too hot for the water to evaporate, right? So it's still outcast conditions cloudy or most regions are cold. So with cold, there's not much evaporation. It's already humid. So you don't see the water molecule jumping out of the soil. But you could see now how it changes. So let's take a view between two dates, the first of Jan and the fifth of Jan you could see more water. But let's take just for the case of it, let's take 2022. Let's take one date, let's say list all, list all products. And from first Jan up to the 365 days you have it, let's take a peak month in summer, which that would be May. So 2005, 2005, okay? So let's, okay. So now you could see that it is pretty dry across India, okay? The white color is almost zero, 00.5, whereas only Kerala was influencing some rain so that you've got some soil moisture on the western nuts and other some parts of Andhra and Telangana. So here now you see the division here. The soil database, you didn't see the division, right? Andhra and Telangana. Okay, so that is good. So now let us take, so this is the summer. Just look at Maharashtra and this region, the central region, you'll see how it changes during the monsoon period. The monsoon started in July, so let's take September, mid-September and you could see how the blue thing comes up. So this is the soil moisture. So if a farmer knows it, he or she can now prepare the irrigation schedule as needed. So there's only one limitation here. Look at the scale, okay?  So here the metadata is there. We can come down and then see the resolution. If the resolution is not correctly given, it says two days, yeah, 0.25, 0.5 degree grid, okay? So one by one degree grid is 100 kilometers by 100 kilometers approximately. So you have around 25 by 25 kilometers each grid. Soil moisture is 25 by 25 kilometers. Whereas we know that the land holding size is much, much smaller. A farmer cannot take this data readily to apply for the region. You can do a district analysis, you can do a village analysis, but for a particular rural entity, it might become difficult. However, the methodology can be used. So this is the grid. You could see that it is a 25 by 25 kilometer grid. It's pretty, pretty big. So you could see this is in kilometers. And you could, if I move it right there, yeah. You could see that the box runs almost, yeah, almost 30, okay? So that is 27, 28 kilometers on one side. Since it's a square, it should be the same. So each pixel, one value in the pixel is 28 kilometer resolution. That is really, really difficult to use at a farm scale. However, this is the best data we have for pan India. So you can use it for ground proofing your values, looking at drought regions, hotspot regions, et cetera. So for example, in this time period, if you look at certain locations, yeah. Let's say Andhra. So you could see that certain locations, or let's say Karnataka, so certain locations along the western guys were blue, which indicates good soil moisture. But across, that is called the rain shadow region. This region is pretty dry. Same in Maharashtra. These regions are pretty dry, which is not good for agriculture. So even though Maharashtra as a state has good rainfall during that period, it's not the full state is enjoying that rainfall. There is good variance. So here's how you could quickly visualize the data very, very close to the data date that you are analyzing. So today is 10th Jan, and you could see that you could look at the data on the fifth of Jan. So within five days, the agency has downloaded the data, run the algorithms, cleaned it, rectified it, and then put it up for your mission. So for India-scale analysis and district-scale analysis, it's good. From there, you can drill down to your village-level analysis and farm-level analysis. We'll again look at the technical document, and just I'm going to search for resolution. So as I said, it is 27 kilometer grid on the thing. It is 25 kilometer, okay? So they have used a lot of indexes to create it, and it is being pretty well cited for research purposes. So there are some students who want to use it for research. This is a good data set. Those who want to use it for learning exercise also, it is good. So the point is, we should not tell only that there's no data. When there's no data, there is definitely remote sensing data that can help. Yes, it may not bring to that particular scale, like village scale or boundaries that you keep, but somewhere you can get it there, and from there, you can drill down to your particular area of interest. So that has wrapped up the soil moisture and soil data exercise. The climate I will continue in the next class. As I said, please do go ahead and look at the various tutorials that we have. Okay, there's a lot of data, good data that exists. And actually, because the climate is not much, I'll just quickly show the climate data in today's lecture, okay? So let us go back to the Boone portal, and the theme products you can see here, Terrestrial Sciences, and in here, you can have climate products, okay? Yeah, yeah, Atmospheric and Climate Sciences. So under the same thing, program and projects, I collect national atmospheric and climate sciences, and you can see here. So you could see only mostly cloud cover and fraction of cloud cover, and the troposphere owes on that boundary levels at all. The only thing that could be used is some things like the planetary, boundary, daily, we can use the new button.  We just give one more date extra, then this products, you view the product, and you can see here. So these are just the planetary, boundary layer height, which is not much useful as well. What the point I'm trying to get here is, the climate sciences are not that much in depth for rural development. In the institute data, you have atmospheric carbon. As I said, this is more on the carbon, CO2 carbon dioxide across India, where do you get carbon dioxide layer forming those kinds of things. So with this, I think we have closed the climate data. That is why we will go into the next session, we will go into other data sources that are being used in Indian context for data. We will catch up in that part. Please again, go ahead and look at these different, different tutorials to update yourself on using the boobend portal. Thank you.


your life. What is going on ladies and gentlemen today is let's see it is a third of April 2023 the end of quarter one the beginning of quarter two also the end of March so we have a lot to talk about today and with me today I'm not by myself today I do have my beautiful co-host with me today the Bitcoin Queen how you doing? In the house guys let it go I've been traveling the world but I'm back. It's great to have you back it's been it's been a few weeks um because I know you were traveling I was traveling so so it was hard to get on the same page and then you also last week you said you you did a you did a conference and everything um so so you've been busy. Yeah I have uh it's been a fun ride you know it's something something's always new in the crypto space it's one thing to watch it from afar it's another thing to get involved and do something about it and that's that's pretty much what uh I guess we've dedicated our lives to because because you too you you you doing the education stuff isn't easy. Yeah a hundred percent takes a lot of time and and effort and and you know I have to make sure that before I try to show people or educate people on things I have to make sure that I really really know it so uh it's definitely yeah it's definitely a lot of time there's like a saying that that's like if you if you want to learn anything like really really well then teach it because that's how you really learned the little intricacies of of everything right so um today we have uh we have a lot to unpack today um we're gonna be going into uh talking about of course what's going on with the price of bitcoin um and the market right now you can see currently the market's at around $28,000 we're gonna be talking about uh events coming up in the economic calendar um for this week and also next week because we have an important event next week we're gonna be doing some news updates um of course a market analysis and then the live q and a at the end of the live stream so if you guys have anything any questions about anything that we're not only that we're covering in today's video but and we will in today's live stream but in uh that's going on right now in the world of crypto uh just drop it in the comments and at the end when we get to the live q and a portion of the live stream we'll go ahead and go over those uh for you guys so um let's go ahead and jump right in the first thing we're gonna talk about let's let's look at the prices here on bitcoin and the first thing that we're gonna see um let's actually zoom out a bit here let's go to the you know my dad told me this weekend like oh bitcoin's pumping blah blah blah and i was like is it really i was like i wasn't even looking i was like what are my parents doing telling me that bitcoin's pumping that's funny that's funny yeah my my mom is actually always asking i'm asking me about bitcoin she's like oh i heard that bitcoin went up this week or something she's always telling me things like that it must be unlike telemundo or something yeah yeah sure so that's always pretty funny but uh but we can see uh we're just looking at the monthly uh we're seeing here a big green candle on the monthly here for bitcoin uh it closed it ended over 23% for the month um only falling short to january which january went up 39% so the second biggest monthly move in the last 17 months believe it or not uh all the way back to going all the way back to october of 2021 as you can see you you already know last year was not a good year at all for crypto um so it's been refreshing to say the least um and uh looking at ethereum we can see ethereum also had a pretty decent month uh going up over 13% so it's still lagging behind and i think uh for the most part outcoins are lagging behind um and the majority of the money is currently flowing into bitcoin um as you know with with any bullrunner or not saying that we're in a bullrun but at any beginning when known prices start you know bottom out and start going back up there's a cycle right with the dominance with the bitcoin dominance um where all the money flows first into bitcoin so bitcoin outperforms then the money starts shifting away from bitcoin and into outcoins so then the bitcoin's dominance starts going down and outcoins start outperforming bitcoin so right now we're in that first stage right um where all the money that's flowing into the market is really going to bitcoin and you could actually see that in the bitcoin dominance chart if you look here um in the past month bitcoin dominance went up over 8% it's currently sitting at 47.69% so um as that that will i expect that to continue up in the beginning of uh any rally and then as we see the the price of bitcoin start to kind of consolidate a bit more then we might see uh that dominance drop back down probably under 40 usually is what happens and uh all that money that means the money's going into outcoins that's when outcoins really started outperforming bitcoin um but right now uh we're in that first stage so um but either way looking over um the rest of the top cryptos you can see that uh xrp has been doing pretty well uh up 10% over the last week cardano up 12% over the last week um let me see any other any other coins that stood out to you in the last seven days the last seven days not quite um i think a lot of people have been caught up with ai ai's been like the sweeping thing there has been some ai cryptocurrencies that have come out i've heard a lot of um pumps with things like caspa and other things that are kind of like proof of work related uh stuff here and there but nothing nothing in like the top 20 coins a tron got served by the s e s c let's see what else uh you know stuff like that but nothing that's been like really like bitcoin obviously that's the one you're gonna hear about the most followed by ethereum and um i think those are those are the main focuses right now until stuff starts to actually run um very light trickle about doge and shiba but that's about it i i don't think we're gonna hear you know major uh bullish trends until stuff starts stuff to start stuff start stuff wow wow words are hard starts to run yeah yeah completely agree um yeah so and let's take a look at the uh the crypto fear and greed index i know a lot of people always asking me about this as well so um right now we're currently sitting at a 63 so we're sitting at a 63 which counts pretty good yeah it qualifies or i don't know it's categorized as greed um so if we go back over let's say the last year this is pretty much like the highest one of the highest points we've been at um here at i feel like that's like almost that's like pretty close to neutral though it's pretty it's pretty balanced in my opinion because it's not i mean if we're in like the 80s it's one thing right 60s 66 it's pretty close to neutral so i would say we're not too greedy yet um especially with a lot of stuff that's happening in the financial markets overall which we'll get into in a minute yeah if and if we look at um back in in the history uh of the fear and greed index you'll see that pretty much like in at the end of 2020 uh beginning of 2021 we were above 90 so that's uh i think that's what extremely greedy or something like that i forgot what they call it um and then in 2021 november when we hit new all-time highs we're actually sitting around 75 at that point um so just to kind of i don't know give an idea of of you know what these values might represent um and it pretty much it represents i think not just uh the price movement but the overall social sentiment as well goes into these things so you know what articles might be saying what people might be tweeting things like that so um it's just something fun to look at every every now and then um i think uh so let's go ahead and move on to the economic calendar which is the next thing that's been impacting uh bitcoin over the last few weeks i think um and this week will be i think a quieter week from the standpoint of the economic calendar we do have a few people from the fed speaking uh throughout the week so you know sometimes that has very very minor um you know movement in price depending on you know what it is that's being said we have the jobs openings um report coming out tomorrow again i don't think that really is going to bring too much volatility into the market um we have an unemployment rate on friday um again it could bring not saying it's not going to bring any volatility it could bring a little bit of volatility but i don't think it's going to be anything super impactful where it's going to really change the direction or of something or play as a catalyst to really either you know push something up through a resistance or drop it down below a support type of thing so that's pretty much what i'm usually looking for um as i look at the economic calendar now the main the the one thing that i really do want to look at here is um next week and this is going to be a big impactful event here that's going to definitely bring a lot of volatility into the market and that's on wednesday uh the 12th of april once again we get that inflation rate um last uh last time we got the six percent inflation rate and right now the forecast uh is around five point eight percent so um that's that's the next big thing that we're getting there and also that same day we're actually getting the f o m c minutes which is when they when they pretty much talk about why they decided on the rate hikes uh in their previous meeting what they talked about and you know their outlook going forward so um you have any thoughts on on the inflation rate and the f o m c um um minutes well um i noticed that so so gas prices have actually started to go up a little bit recently i've noticed um in addition to groceries are also trying to be heavily affected again um this morning i checked my bank account i received a wire from as you know a payback from an event i threw and wires you know used to get them for like 10 bucks and over the years have gone to about 15 15 dollars each party um recently 16 well it's 30 like like somebody pays 15 and then the other person pays 15 so it comes out to 30 right but i got charged 16 dollars this morning so i was like wait a second um things are starting to heat up uh in my opinion there's then the next two years i think there's gonna be a lot of um easing on the bond markets and a few other markets that are coming up um to try to bring strength back to the dollar mostly um there is a few things that we will cover in the news today that uh i'm sure you guys have heard of um like bricks and some of the other deals in terms of settlement across the world uh that you know is gonna affect not not in the way that you know you think it might um it's not gonna be totally bad but at the same time it's going to kind of put the idea of fiscal fitness into play like inflation like year after year like has gone up um and people haven't been getting like increases of paycheck and stuff like that so i think a lot of consumers are going to start you know really hurting with a lot of the prices of um some of these things you know we're not going to experience things like argentina or venezuela but we are experiencing things where um a lot of that foreign money that comes for out in uh it causes a lot of things here in the u.s to be expensive is just going to continue on an uptrend um because it's it means it's just not going to stop yeah i definitely agree and i again like you said like i don't think it'll get to the to the levels of hyperinflation um i know that there is a uh a million dollar bet going on that bitcoin was going to hit a million dollars in the next um 90 days and basically there are you the reason he was saying he was saying that we're going to get into hyperinflation now hyperinflation if you don't know what that is is is when the money inflates when inflation rates go up beyond 40 50 percent so basically like things you see like argentina and stuff like that in 90 days we're not going to get there like we've been the the inflation has actually been going down for the past like nine ten months now at this point um even though we've run into some issues with banks and and now they're they're moving some things around uh to help with banks i don't think especially especially in 90 days that will never happen um you know i'm happy to bet a million dollars with the same guy i i would love to take that bet right um right uh it it uh in in the next 10 years i still i i still don't think in the next 10 years we would even get to to such a thing of hyperinflation because that would pretty much mean the collapse of the u.s economy um you know the strongest economy in the world um and if if we did you know if that were to happen like i don't know i don't even know where where we be of course bitcoin and crypto with its value would be sky high so i think we'd probably be okay um you know for people like us in we would be okay but you know people who are not in crypto even globally right because because you know um i guess i guess let's shift a little bit into the whole thing about you know countries moving away from you know settling on the dollar yeah like this is a historic turning point in history and there's people saying that you know oh this is going to be awful um this means that you know we can't sell dollars to other places this time the third i've seen a lot of different spectrums of these stories but in reality most people still when you are in the world value the dollar and just because they're settling in their native currencies for global commerce and they're not using the dollar per se um they still don't necessarily want to hold those things like they want to hold things like uh you know chinese debt or tai debt or you know nigerian debt or whatever it is you know south south african debt like these these places in some of these countries like they're still very volatile the united states um and the uk are pretty much the two most advanced um places um outside of places like singapore and um hyper cities like dubai but you know in terms of like large countries like these are still the most functioning countries um and it we've held that position for such a long time that even though yes there's been a lot of money printing yes a lot of the dollar has been devalued people still rather hold us debt versus other forms of debt um or invest in you know us you know stocks and stuff like that people still come here for business so it's it's very unlikely that you know the dollar will just and like this just goes to to nothingness it's it's very very unlikely yeah exactly and what and what also people don't realize especially the people that are out there some people out there are rooting for this to happen right um if if the u.s economy falls that means the world economy falls like the u.s economy is not going to fall by itself it's going to impact the entire exactly entire world and um so you know even if you're not in the u.s and you're you know you don't like the u.s and you're rooting against the u.s guess what if u.s economy falls whatever country you're in that economy is also going to be falling so um i wouldn't be it's not something i'd be rooting for um i i'm all for you know for a lot of things that crypto stands for but at the same time i don't want to see the economy fall in order for crypto to to you know to surge or to get to a million dollars or whatever whatever it is um i definitely want to exactly you know so there has to be a fine balance right where where crypto continues to slowly progress um but the economy doesn't just completely collapse because at that point then money is going to be worth nothing right um so so yeah so it's definitely a fine balance um that that we have to kind of dance on here um and and we'll see that we'll see how that all that plays out so what i think is is gonna um have this play out and we'll go into our next story is city group uh pretty much said that they believe that um mass adoption will come from cbdc's and from what we've seen on this war on crypto for the past couple weeks i feel like players within the you know grand scheme of things have been positioning um the people to get accustomed to these things right um we're already seeing places where they go cashless even even though technically being cashless in most places in the united states is actually illegal you're not allowed to like not accept usd um because that takes players away from participating in the economy uh contributing to you know to businesses but but as soon enough the cbdc initiative is going to get pushed a lot of the bills that were being pushed um in office in the white house in the past month they have basically been prepping for this and um to hear groups of bankers now saying like oh this is the path for mass adoption it's like excuse me um it's it's quite funny um you know there's there's people bullish on it because it's going to help you know settle forms of payment and you know do this on the third but there's people bearish on it because you know that might equal more surveillance um more say on what to do with your money versus not um you know when we get there we get there uh trying to try to their pilot first was successful but then it failed and the only reason it was successful was because they were basically giving people free money like a thousand uh you know you on whatever it was and said hey go spend it on whatever you want you can't send it to someone else but you have to spend it so it you know it created a positive impact on the economy um but you know we'll see how that pans out uh a lot of these fully backed um government assets that you know went into play when um the banks were going belly up uh that might have to do with this as well so these are things that we kind of have to watch closely and see how ponds are played because um this might be the saving grace the economy needed um that's gonna come in and and help with some of this inflation yeah 100 and uh and and like you were saying with china um you know and that's it's a big worry because uh like you said like they now the government's not only going to know exactly where where you're spending your money what you're spending it on how much um you know what are your um what you know like what's your daily life like uh they'll have control to to if they want to put an expiration date on that money and you have to use it by x date or whatever they'll have so much control to so many different things that um it's it's gonna be tough uh so there is a good and a bad like you said uh the good is crypto is pushing the world and the technology forward to to getting into this cashless uh system uh but again we we're trying to stay away from that central point of failure a central authority a government figure because we we've seen what happens time and time again what they do time and time again um for their own benefit and to the demise of the currency so uh again there's a fine balance that that we all have to kind of find there uh eventually um and other news let me see what else what what else have haven't we covered here um the government i will salvador and i guess let's say on the topic of the government uh yeah so so the government's liquidating uh some of the remains that were seized from the silk road so back in the day i believe they seized about 53 thousand bitcoins um and they sold about 9 000 off um now i think on april 14th uh the the guy his last name is mr zog um he will be sentenced and they will sell off the remaining 41 um thousand bitcoin um so about 40 41 500 um is the number there so uh there was some volatility that was caused back on um march 14th when they sold off that not 9 000 um but you know i think we just have to kind of like watch when we get all that bitcoin dumped on the market um because it is getting dumped uh within the next couple months yeah and uh i saw justin son say that he was willing to buy it from the government at a 10 discount or something like that yeah they so at some point in time um if i'm not mistaken they did do like they were sell they were auctioning off like seized bitcoin um and it was auctioned off at a discount but i think what they're doing is just um biting the 1 percent selling it through coinbase and then just calling it a day uh the 1 percent after they sold i think it came out to like uh $250 million when they sold off that like 9 000 btc um so their 1 percent was you know 200 15 000 um a 10 percent discount wouldn't benefit them that you know situation and obviously they're trying to make money right now so they netted that profit and that went back into um their balance books so they're i mean they're definitely not going to sell it just now yeah exactly and and i think the i was reading was this uh bitcoin that they're selling is it from the guy that was like on the met on the message forms talking about how rich he was and all that he that he had hacked silk road is that where the where this bitcoin's coming from yeah so pretty much it was so he they were um caught like the guy like took the funds um from silk road and then the government um basically came after him confiscated all that money and you know that's that's just it he's he's going to get sentenced for um not not directly participating in silk road but actually stealing from silk road so it's like stolen stolen money is what's going on which is quite funny yeah that's definitely uh the type of story you only hear in uh in crypto i guess uh and then the last thing that we wanted to talk about was uh el Salvador um they have decided to remove all taxes related to tech innovation for economic growth and that includes crypto crypto software development vocation development uh anything that's tech related which is actually really cool um so i mean what they're trying to do is very obvious they're trying to bring like stimulate the and bring in technology into the economy which is cool places like dubai uh north africa the middle east in general have been booming for the past two years because there's been a lot of flood of the tech industry as a whole but also cryptocurrency and um that's what el Salvador is trying to do they're trying to attract that crowd to come in um i mean they've they've done a lot of stuff uh they've legalized bitcoin you can pay your taxes in bitcoin the capital gain situation they did that bitcoin volcano which is like a mining setup they're also trying to attract bitcoin miners to the country uh from what i hear unfortunately is that el Salvador is a lot of hype compared to when you go there and what you see advertised and expect um i've heard you know negating views i've heard good things i've heard bad things uh overall the government seems to really want to um boost their economy and bring in new jobs not only for the well-being of their citizens but also get innovative tech in which is you know that's great uh just i i think that um safety has been a continuous concern uh even though supposedly the president claims that is the safest country in south america um but there is also somehow gang violence so a little contradictory you know views there but um overall you know a good job el Salvador for being kind of like a leader who has embraced this technology um but also everything should be weary right we should tread lightly um because when it comes to governments embracing things like cryptocurrency i think that providing clear guidelines and structures more than just trying to jump on hypes which is actually a mistake i don't think anyone should jump on hypes it was funny the other day on cmbc the mayor was asked about miami coin and he was like oh you know it was a cool proof of concept but like you know then one like when he originally accepted that miami coin it was worth like millions and now and not so much so um you know these are kind of things that you have to like keep in mind like cryptocurrency is our volatile um harder assets like bitcoins are great um things like nfts and you know just some of the coins that kind of just show up with some kind of cause you know tokenizing koala rights on the blockchain literally whatever it is um may not be so promising yeah definitely um and i i remember that with the uh with the miami coin and all the hype that went behind it and you know i it was it was bound to happen um you know but but we'll see what happens i know i know el Salvador has like the like you said like they say that it's the safest country in the world but they have like also the biggest prison in the world is like they have like this the biggest mega prison in the world i don't know i've seen some of those videos and that thing looks crazy um wow i'm definitely that kind of reminds me um of uh when that when that president um from the Philippines came out he was just like oh i'm gonna make my country so safe and like literally if you like small pot like you just go to jail for the rest of your life and it's like insane um i hope it's not a situation like that but uh yeah security still seems to be a concern there um for even the crypto community because yeah i mean i my friend got you know mobbed in Puerto Rico and Puerto Rico has been an upcoming city or i guess island for a long time it's technically us territory and to experience you know these things because he was wearing a mutinate shirt and somebody said oh you know that's an nft and you know some guys just jumped him and it's crazy because you know he claims the police was watching and uh it you know stuff like that is just not okay it's unacceptable unfortunately in Latin American countries there is a lot of corrupt police and if they get paid off by local gangs or criminals then they actually won't do anything and they'll actually hustle you for money which is a common issue where you know there's poverty um so as long as you know those things are taken into consideration and i don't know maybe they get better over time i think you know i i mean people live in Mexico but Mexico has probably one of the biggest cartels it's just it's very centralized places you just kind of have to be careful when you go into some of these countries still because they are in fact still developing yeah 100 so um let's let's go ahead and dive in to uh to the price analysis on what's going on what we're currently watching what we're currently looking at um and what i'm personally looking for this week um possibly the rest of this month uh i'm also be talking about uh the the clothes we just closed the first quarter of 2023 uh one of the best starts to the year ever for bitcoin um so i'm gonna be talking about that i'm gonna cover some yeah i'm gonna talk about some supporting resistance um and then we're gonna look i want to look i always try to look at both a bullish case scenario and a bearish case scenario um no jay bearish all name bearish yeah i want to look at both uh so we have two different ways to play and then you know what i'm gonna be looking at for this week um especially leading up to next week's cpi report so let's go ahead and jump right into that so um first let's let's look over the the the quarter one close here let me pull up this chart here let me see let me make sure you guys can see it okay you guys it's on the it's on the screen perfect all right so um this chart here is as you guys can see quarter one quarter two quarter three quarter four since 2013 so this is how bitcoin has performed every single quarter um since 2013 and you can see one two three four times it's had very very good quarters to start the year off and we actually had the third best start to the year um since 2013 basically if if you go back further like to 2012 1110 the gains are they're just too crazy so i i i try not to uh count them too much um because those those gains you know are numbers that i think that we see again because the price of bitcoin was so low the market cap was so low back then um and even even then like you know like this look at this in 2013 we have a 539 percent move up like that's insane right um so i i usually like to look at 2017 and upwards um but if you look at all the way to 2013 um this quarter and let me make sure i have the numbers uh exact here where's where's my uh my notes on this i don't know where i put them but we ended up the quarter up 70 percent uh for the first quarter and it's the third best start to the year since 2013 i don't want to say in history um but since 2013 it is the best start to the third best start to the year now um another thing so so well while i was looking at this then i also started thinking okay like how else how how has bitcoin performed after that right anytime that it's had this type of start how has bitcoin performed after that and and these are a couple things that i found so 100 percent of the time that uh that bitcoin begins in the green it ends in the green overall for the year right so going back further in 2013 i think all the way if you can go back to like 2010 i think you can see charts from there um and you'll and you'll see this let me see if i can if i can pull it up here um let me see usd we have to i think open up this one no um there was one where let me see everything let me see i think it's this one here let's go to the three month quarterly chart here yep here we go so this chart goes all the way back to to 2010 so since 2010 this has happened um we've had a green start seven times six out of the seven times that bitcoin's price ended the year even higher than the first quarter so so we just went up what we closed we closed this quarter at 28,475 so the only time that it did not end the year higher was actually recently in 20 let me see 20 21 was it yeah 2021 so in 2021 was the only year in bitcoin's entire history where it didn't go it didn't close the year higher than the first quarter every other time in its history we've closed higher um than the first quarter right um i already told you guys a hundred percent of the time the year has ended in green when we've had a first quarter in the green um the yearly average return for bitcoin has been 1408 percent if we go all the way back to 2012 again i don't like to go back that far because if we look at those numbers those numbers are look at this 5,000 percent uh 500 percent like those numbers are insane i think at this point in time um i only like to go back to 2017 uh for that type of historical data that includes you know the average return of something how far how much it went up so if we just go back to 2017 then the average yearly return is 494 percent right so that's a little bit more realistic on on you know what we might be able to get in 2023 not saying that we're gonna go up 494 percent but just to give you an average right now one thing to note um where's my where'd my photo go hold on let me put let me put it up here because i want you guys to see this again one thing to note here on all of these years right and just going back to 2013 two two out of the four times right we got four years here from 2013 until now where the first quarter ended up green two times it ended up quarter two ended up red so in in uh 2013 we had a red quarter wasn't much but in 2021 we had a 40 percent pullback there so that was a pretty big pullback um and again it's also situational um if we think back to what was going on in 2021 towards quarter two towards the end of 20 uh the end of 2020 right that's when the Fed was they cut all the rates they were just printing a bunch of money you know so all that caused a huge influx in you know in value for bitcoin and then when they started taking it away then of course that's why quarter two we saw such a big move down like that so um plus whatever else was going on during that time i think during that time was actually the china ban as well during that time uh tesla pulled bitcoin uh you know you couldn't buy bitcoin and you couldn't buy tesla's anymore with bitcoin so a lot of things were going on throughout that time but just to give you guys an idea you know without getting into too many details i'm just kind of giving giving it an overview um twice so it's 50 percent of the time we've retraced or we've pulled back or we've ended up in red in quarter two from the run-up in quarter one so that that's something that i that i want to make sure that we because again i like to look at both scenarios uh both bullish and bearish i don't want to just be a hundred percent moon boy and i don't want to just be a hundred percent you know uh doom right so i try to i try to to look at it from both points so now um if we go and we pull up the chart now here um i'm gonna first pull up the weekly chart here and let's look at some reason where the resistance is currently and where the support is currently so um it's going to the weekly so we can get a little clearer picture here so this is a weekly time frame and uh right off the right off the bat we can see the resistance clearly right this is we're currently at a resistance zone here and if we go back in history we can see that this was clearly a support back here in uh in may of last year we continue back we can see in 2021 again it was a support if we go back further to 2020 we can see again a support so what happens to support when it's broken it becomes a resistance and because it was such a strong support that means that it's also going to be a pretty strong resistance um so we're gonna need more than just a little bit of hype in order to break through this we're going to need some sort of some more momentum we're going to need a catalyst to really get through this level once we get through this level though i think that we can run up um possibly to this next level up here uh this next uh Fibonacci level which is around that 37 38 000 area but for right now that's going to be a major resistance that we're going to be fighting here you can see we've been here for three weeks already right now as far as the supports go um you know we look back right here so uh we have a support sitting around that 25 000 area of course 25 000 a big even number right psychological support level um that's played as a resistance and support various times if you look back um again another support right here sitting around the 22 000 area this is a support that we're at previously um earlier in uh February and then uh further back from that we have 20 000 which is that it's it's it's that another big psychological number it's a previous all-time high so of course it's gonna be a support there's a lot of buying and selling going on there plus it's close to a Fibonacci retracement level there so a lot of things going on there and one more thing that I wanted to show you guys at that 20 000 level um is let me see if I can find it here here we go we have a CME gap at 20 000 so um if you guys remember earlier this year uh in January we had the CME gap here and you know everybody was talking about whether or not it was going to get closed or not and it went on for one two three four five six seven weeks without it being closed on the eighth week though guess what happened that gap did get closed um and then we had a run all the way back up to where we're currently at right now basically so we have another CME gap and it's sitting right around the same exact area as the last one which is right around 20 000 however we also have a CME gap to the upside um so there's you know there's there's uh you can make arguments on both of these right because there's a CME gap here at 36 000 dollars and the interesting thing about this CME gap at 36 000 if again we pull up the chart here where is this uh next where's this next level at once we break above this resistance right here this is sitting basically at 36 000 dollars right that's exactly where that CME gap is another thing that kind of gives that uh scenario some confluence if we pull up this head and shoulders pattern there's an inverse head and shoulders patterns I've been talking about this for the last week or two you can see the left shoulder you can see the head you can see the right shoulder and then the breakout right this is the breakout area right here so the way that you measure the target for a breakout is you measure the bottom of the head to the shoulders um where the break is right so you can see that this shoulder is aligned with this shoulder so when we broke above that you can see that we got a big candle up so if you measure from the bottom of the head to the break here that gives us our target which it happens to also be 36 000 dollars so now we have you know multiple uh different scenarios that are pointing at the same price point of 36 000 which is why I like to look at all these different things um again we're looking at both uh bullish case scenario bearish case scenario so we just looked at uh a bearish one right we have the resistance there then we looked at uh the CME gap at 20 000 but then we also looked at a bullish case where we have a CME gap up at 36 000 which is also where the Fibonacci level is which is also where our target for our inverse heading shoulders pattern is um and then I think the last thing that I that I really want to cover here is on the daily chart so if we go to the daily zoom out here um this is a daily time frame now and one thing to note here is that in the daily time frame because it's more immediate it the the we can see the weekly time from the weekly pattern and a daily pattern both play out right even if the even if they're pointing in opposite directions so right now um we have our um our you can see our price action here and then you this right here is the rsi this is basically momentum right so you can see as the price was going up here the momentum was also going up but what's happened is as the price has continued to go up momentum has dropped off this is a bearish divergence what usually happens in this scenario when when the price is going up the momentum is falling down that usually leads to a short-term pullback so um you know once we pair that up with we're sitting at a strong resistance that shows me that there is that possibility where we might see some sort of short-term pullback in the near future and that pullback could be you know back down to 25 000 which is a first support could possibly be back to 22 000 or it might be to 20 000 where that cme gap is right there's no way to know exactly how far that pullback could be and there's again there's no way to know if that pullback will even happen but that's just what the charts are currently showing me right now we have a bearish divergence that usually means a pullback we're also at a big resistance that usually means a pullback right so those are the the the two different things that i'm that i'm looking at as far from from the different scenarios and the one last thing that i that i want to cover as far as to end it on the bullish note because i like to end it on the bullish note i can't help myself right um if we pull up once again let's pull up here not that one i have it on one of these charts not that one either not that one it's on one of these i promise just got to keep clicking here we go i set up the different patterns in the different charts so on the weekly time frame we can see that we have we have we're seeing higher highs and higher lows for the first time since back in 2021 when we made our run to uh previous all-time highs not saying again not this doesn't mean we're going to all-time highs because remember back here we started it back here as well in 2020 so we but this is the first time because last year we did not see this at all so definitely uh and again this is a weekly time frame so this is on a longer time scale right so doesn't mean it's gonna happen uh you know we're gonna see anything crazy happen in the next day or the next week or maybe even the next month but i think as as the year progresses and plays out we could continue to see these higher highs which could lead to our target of 36 000 which is the next main target here um which several things are pointing to for the price of bitcoin um now as far as how i'm playing it this week me personally myself right now um i'm shorting right now i am short um and it's basically a hedge right so all my crypto my long-term portfolio and crypto in bitcoin is long right i'm holding long long long right i'm not selling any of my long-term portfolios right now however when in my trading right now i'm basically hedging against my long-term portfolio because i'm shorting at resistance so when trading when when taking swing trades day trades uh scalping you don't you want to you want to get the the you want to reach for the easiest uh fruit right on the at the bottom of the tree why if there's a fruit the low hand if there's a low hanging fruit why are you gonna climb the tree to the top to grab fruits from the top right grab that low hanging fruit so that's what we're currently doing right now um at resistance just go with what the price is saying if there's resistance there don't fight it right there's people that are like that they're only biased in one direction and they refuse to believe anything else so if they're like uh you know they think bitcoin's only going up then guess what even at resistance they're still long here and that's a big big mistake because when we get pullbacks those people are getting stopped out they're losing money whatever it is right so um i'm taking shorts here and again i'm not i'm not saying to take a short all the way down to a new low or anything like that but i'm slowly taking profits i'm grabbing i'm i'm grabbing uh short positions here in the red then as price goes down i take a little bit of profit when when it goes back up into into resistance again open up shorts and i'm gonna keep doing this until we break thirty thousand dollars i think thirty thousand dollars and a close above thirty thousand dollars is going to be that main um that main price action that i need to see not just me but probably the overall market in order to flip once again to longs because once we flip thirty k i think um it's only a matter of time before we see thirty six to thirty eight thousand dollars so i know i just covered a lot of things i just spoke nonstop for i don't know how long um but that's basically what i'm looking at uh this week um as far as everything that's going on all the different scenarios how i'm playing it personally and for me to take a break bitcoin queen what are your thoughts on all of this um i think it's a pretty good play overall definitely a good time to have some long-term holds uh and hold on to them because we are starting to ramp up and rally into that bull market i do not do not believe that we will go any lower and that's been clear we've bounced off that bottom um and we've rallied far from it there might be some short-term um slagging within the market mostly because of all this stuff that's happening with treasuries and bonds and the fed trying to make sure they can strengthen those things and keep them afloat while banks and other that other things are getting underwater and people are not necessarily taking a lot of loans out of this time so i think it is a pretty good play um i say that as long as we kind of keep you know dyor dollars cost average um do you do the your due diligence throughout this period of time there's going to be a lot of bullshit that pops up um in my opinion this is the time for it so just be weary with what you invest your money in um play it safe and uh you should be good to go hundred percent and um and i'm just waiting for another china ban i know i feel one coming soon right it's in my bones yeah i um so interestingly enough hong kong's been um pretty bullish on the blockchain industry um i want to explain that but my computer's dying i forgot to plug it in so let me let me grab my charger i'll be right back guys no worries no worries um so so let's get into the q&a section of the of the live stream guys so if you guys have any questions about anything that we've covered today um or anything that's just that you just want to ask uh in general in crypto that might be going on right now in crypto if you're new to crypto you have some questions you know might be some things you don't know that you want to ask feel free to drop that in the comments right now um myself and the bitcoin queen we will answer those for you we'll give you guys a few moments um and yeah and if you guys don't have any questions uh then we'll we'll wrap things up so um so let's see let me look at let me pull up the comments section here uh real shenid hope i said that right says why don't you make videos on geno pets um right now i'm not really doing any plater earn type of uh content because you know my experience from last year was at plater plater earn is is it has not been figured out yet um and it's it's one of the the the hard-earned lessons i think that we all learned in 2021 not just you know um geno pets or whatever it is but just overall as far as plater earn it that type of uh that sector that has not been figured out yet so so the issue is that the way that the tokenomics is currently set up um it's basically drives inflation to whatever that token you get rewarded is so although when you first buy into the project you might you know you might run the numbers and think okay in 90 days i could get my my return on investment and then then it's all profit from there as you get closer and closer to that 90 days and more and more rewards get out and circulate um that 90 days turns into another 90 days and another 90 days and and it's basically they're holding a carrot in front of you they're dangling that carrot in front of you and you're chasing it and you can never catch it right that's kind of what plater earn is if you're into a project early enough where the the community might be small enough for sure you might get your investment back really quick um and you know makes profits but right now in the current environment that we're in and you know from what we've learned in 2021 i'm currently staying away from any type of plater earn for now um i might be covering more of it in the future but uh that's just kind of where my head's at right now um i think it's more important to cover um you know how to how to set yourself up for some success in the upcoming bull market that we know will happen again because this is a time this is an opportunity to do that right um i think plater earn that's something that you do with extra funds you know when you're bored if you if you want to dabble into any of those projects that's fine um but i think the most important thing right now is to set your up you set yourself up for success for the next one to two three years you know whenever that that rally really starts so that's that's why i haven't created any content around that uh recently uh let's see uh our next question here is ducky dav he said still confident on litecoin reaching that's 40 the 60 dollar range prior to rally um so if you look at duck i mean i was gonna say if you look at duck duck coin if you look at litecoin um let me see am i in the right chart where's my i feel like litecoin was higher than that like pretty recently like yeah i almost hit 99 they're like almost a hundred dollars the other day now yeah so litecoin's currently sitting at um 91 dollars uh what what he's asking so i i did our video on friday where i showed the support at that 40 to 60 dollar range um so so right now like we've already hit that support um and i don't think that during that right now we're going to go back to that support anytime soon i think i think right now remember that the halving for litecoin is in august i think the the rally the pre halving rally already began right so we're already up to it's it's already up over a hundred percent on that rally i think my target for the pre rally was around between 120 to 150ish maybe um with the upside of possibly 200 dollars uh and and my sell target was around june so um if you buy at this point you can still make some you can still make some gains right because even if you buy at 100 dollars let's say it goes up to 120 to 140 that's still 20 to 40 percent uh you know ROI then you can sell at that top if if you try to sell at the top you know remember all the data that i gave you was just averages in my analysis from previous halving doesn't mean that's going to be exact numbers or exact dates it's just ideas of of you know what we can possibly potentially see right so my deal was the average has been 45 days pre halving is when the top comes in that gave us a date of some time in june and then um showing you guys the analysis that i did as far as resistances it showed me a price range between 120 possibly 160 right um so if in june i see that the price of litecoin is between 120 to 160 i'm probably selling right at least taking some some of my some profits there um and then i'm just gonna wait until it gets dropped back into the support box um which is between 40 to 60 dollars so i think it won't reach here again until potentially after that halving so um do i think it's gonna get there again pre halving i don't think so uh because that would mean over a 50 drop i don't see any reason for that to happen um will it get there after the halving probably right that historically we've seen it it retraces 75 to 80 percent pre post halving before the post halving rally so that that is something that could happen potentially but again we have to wait and see um that's just kind of where my head's at right now as far as that i don't know if you have any any thoughts on that um yeah so having these are pretty pretty significant events i think that um obviously holding on prior to coming up to that rally before because usually what happens is people um dump after or they don't have a significant price pump for about six months to a year so you know whether or not whether you want to just hold up until the having happens and then pump it uh or dump it or just hold it up until that six to one year time period if you think it's going to pump after that if you you know find like going to be valuable you know that's cool those are probably your best two things i believe there is a like point cruise going on this year um in celebration of the halving ironically so that's crazy how do you mean that there's definitely yeah there's a like point cruise i i i did hear about this um so like we used to do a conference in uh last vegas and they haven't been really doing it like the like point foundation whatever it is um i mean look bruise and they were they were going to do like point birthday cruise yep at the like point foundation so it's october 13 through the 16th um they were going to the bahamas i wonder was this this year i wonder if it was this year i hope it wasn't last year i think i think it was this it's this this year but yeah supposedly it's a three day cruise leaving miami um yeah 2023 yeah so there is a like point cruise if anyone's interested in going to the like point cruise if you go to like point net um it's on there it's it's the like point birthday cruise that they're gonna take a royal caribbean for three days um from miami to the bahamas and back so just an fyi that's pretty crazy actually pulled it up here on the screen this is real folks like point birthday cruise october 13 through the 16th so um yeah maybe you might be able to get some alpha there right like who knows who knows who might be there so charlie lee is going to be there apparently so if you want to go hang out with charlie lee um he will be there what i might have to book this how much is it i don't i don't think it's like uh i don't think it's like it shouldn't be too expensive i mean like anything that's like cruise probably fuss a little bit um apparently you have to uh call them and then tell them the group number because i guess they have like special pricings or they book the rooms and blocks but uh yeah so i mean it can't be that expensive um just because it's only a three-day cruise and it's also royal caribbean um but i mean it doesn't look like they are going to have any like official like itinerary for like you know conferencing stuff um yeah actually it says they're gonna do yeah it says we're gonna do activities they're gonna have designated dinners and then they're gonna have charlie lee and like point foundation team um talk about their latest development um and then they're gonna have an a cocktail party so that's it's pretty much the setup there um yeah i would i would say this is this is like maybe 300 or 400 bucks max um that's just that's just that's just an appropriate price for a three-day cruise yeah um and you know it also might depend on the room these are these are probably standard rooms so yeah um yeah yeah so typical it shouldn't be too bad yeah seems like a typical cruise prices that that's actually interesting i might i might look into that um and and you know see see what happens with that that would be that would be pretty funny um all right let's see what else what other questions do we have here um um yeah uh dav uh i i set it in the comments i don't know if you saw it but uh i'm happy to buy anywhere under a hundred dollars for litecoin so under under a hundred dollars i'm happy to to add to my positions um once i think one hundred dollars is that threshold for me once it goes above a hundred um you start capping the possible upside um that you can get out on your return um because you know we're getting closer and closer to that halving so uh i would stay under under a hundred is where i'd add if i wanted to add more to my positions above a hundred is where i'd stop and um above 120 is where i'd start considering taking profits that's pretty much where i'm at overall pre halving for litecoin um okay let's see uh 300 rivers what's going on he asked uh j do you anticipate any sleepers for the next run up um of course right there's always sleepers that we don't know about every single uh bull run every single bull cycle you know i think uh solana was one of the big big runners from last uh bull cycle that people got in for like pennies or a few dollars and it ran up you know over 200 dollars um and and every every cycle there's new people new projects coming into the game and you know that we don't know until it happens right so uh what i what i've been doing since it's hard to really guess or try to figure out what you have to do just kind of see all these new projects and and see who their team is you really got to do your own research on these things see who's who are the people behind these projects um you know what kind of funding they're getting it get getting who's uh funding or you know who are they're raising money with or who are they're partnering with um it that it basically comes down to that you know and then what the purpose of the project is like it does that does that project have actual real value does it bring something to to uh the blockchain or to crypto that you know maybe another chain or another project doesn't quite bring yet or does it do it better than another one so i know a lot of a lot of my favorite things that that i'm looking at is probably you know layer ones layer twos are probably projects that i'm looking into um when i'm looking for things like that and again you know there might be a meme coin that like shiba inu that pops off but i'm not really you know i'm not looking into those things because those things until it happens you don't know that that was gonna happen like there's no way to predict that that was gonna happen with shiba and or any meme coin right um so that's pretty much where i'm at uh do you have what are your thoughts on that on meme coins no not no no not on meme coins on sleeper's um yeah yeah it's gonna happen it's just always gonna happen and there's i mean and the things that you don't like expect to pump will pump and the things that you think will should pump aren't gonna pump and that's just the name of the game um because this is this i people like to play you know shit coin casino uh there's a there's a lot of people who i've met who say i only invest in uh cap under 200 000 coins and i'm like what even is that um so i mean that's that's just the name of the game guys under 200 000 you mean like circulating supply yeah it's been crazy like just just like like dirt the the the dirt of the dirt things that come out randomly and and like legitimate pump and dumps because there's people who like mint currencies yeah um just to pump them and it's a daily thing people mint cryptocurrency is daily you know fast forward uh you know most of these you know some crypto and as a whole is what 14 15 years old now so it's it's uh spend some time yeah well maybe a video idea is i'll go back to uh 20 uh the start the beginning of the the previous rally maybe 2020 whatever it was um and do look at the top 100 coins and then see what would have happened if i put 100 dollars in the top 100 coins and you know what what that portfolio might have looked like so uh because uh you know you could you if you like to play and i call these lotteries right if you want to play the lottery you can you just have to make sure that you're using a very small portion of your portfolio for that um so it's like if you're buying lottery tickets is the way that i that i look at it right um people go to those you know i know people that go play a lottery every single week religiously you know trying to find trying to win the lottery you can do the same thing with with these coins you go you know look up coins with very very small market caps um and just throw money into all of into into a bunch of different ones like try to research them as much as you can see which ones you think might have some sort of potential put a few put some money in it right and all you need is one to really pop off to really make your investment back right and to make make a really nice profit so um yeah if you know it's hard it's hard to pick sleepers right um because because your guess is probably as good as mine um all right so uh i think the this is a last question that we have here also from uh rivers um at what price do you stop buying ADA so he's asking what price do you stop buying Cardano let me pull up the chart on Cardano here that's currently down let's see it's down about 87 percent right now from its previous all-time high um i think um i don't know are you are you a big holder on Cardano um so i have some i actually i feel like i lost some Cardano because i had that they were literally giving it away after my amy conference uh i reach pay like years ago um it was an ecosystem conference and i lost whatever i had and then i i have some more kind of just selling out wallets somewhere which it's not much it's like six or seven hundred of them but um you know they're sitting there i i uh i think the the concepts um of Cardano is full from an outsider's perspective i like the idea of focusing on the tech i like the idea of you know Charles pushing the peer review the only thing that i've heard from Cardano is it's really really difficult to develop on um bridging is not you know the the best thing they do have a lot of um you know users in their ecosystem Cardano is going heavily after the african market very very very very very aggressively and so far it's been pretty successful there um i think there there just needs to be you know more people obviously using and pushing these networks um which is kind of like the angle uh for you know just any blockchain right now so well well you know Cardano is cool i personally don't trade uh Cardano i don't really buy Cardano um i feel like it's one of those projects that you know i'll hold onto a bag for an amount of time but it's it's one of those things where from a development aspect and that's kind of where i look at things it's it's just not the easiest to implement on and you know knowing that information i'm just like okay well i know things that might be better um in my opinion so i kind of i i put my you know my money where my mouth is pretty much yes i i apologize i apologize i forgot to switch the camera um so everybody was just everybody was just looking at me while i'm looking at the screen but um i i just did a very quick uh you know little analysis here on the price of Cardano um and i i you know i we found some supports here so you can see currently we're sitting at a support level that's basically between 35 cents to looks like around 20 cents 25 cents um so i think right now it's still a good time to buy um you know if you're if you're looking to buy it um now it's not a bad time because it's you know it's it's right at a support level um and it's still down over 80 percent from its previous all-time high now is it gonna reach it's all-time high again you know we don't know but in the next in the next bull rally everything seems to go up even if it's you know regardless of what happens because money just starts flowing in everywhere so it there is that potential where it can go back from its current price where it's at 38 cents right now it could potentially go back to uh over three dollars where it was before and potentially higher um so you know if i was looking at it just from where the price action is and looking at support and resistance um it's at a support right now not bad level to buy um maybe uh you know once it crosses 50 cents i'd hold off probably until maybe above 70 cents if it breaks above this um and breaks above a dollar as well i think a dollar would be a big milestone for it um then we could see that run up uh to potentially previous all-time highs but uh i think right now it's probably the time to if you want to load up or add some to your bags right now it is probably uh the best time to do so um because potentially it could go higher from here uh just from again from looking i mean i'm only looking i'm sure well i mean we're we're starting to get into that period of time where again bitcoin has rallied and has a good amount of dominance and things are going to start going into the all coins you know it's it's it's and from that then you have the actual bull market which is going to rally everything so i'm i'm sure cardano still has uh a ways to go for you know these upcoming markets because there is a lot of followers and more than um things like i mentioned like implementation and code and blah blah blah we've seen that community is a big driver so the cardano community is very very large there is a lot of people who will drive it and as long as you know the biggest back holders which will be uh anyone who invested in cardano or you know mr. hoskin himself doesn't dump on the community then you should be okay yeah 100 so um any uh final thoughts on uh on this week in crypto uh you know there's been a lot of like silly not silly but like not as like crucially important things that have happened um this week in crypto has been not a surprise um you know we pretty much in this in a sense have just started the week but there's a lot of things that have happened over you know even over the weekend there was i think 25 million dollars stolen out of the ethereum ecosystem yeah i believe was 25 million dollars um a validator actually did it with 32 eith uh which is kind of why the idea of even like proof of stake is kind of like risky in a sense because all he did was stake 32 eith become a validator wait until it was his chance to you know okay uh a note or propose a block and then he basically baited any v bots um to a transaction and uh had some malicious stuff in there and then pretty much you know took 25 million dollars so it's like um you know these these things are are starting to come up and um i don't see them going away with the ethereum and unfortunately ethereum's been one of those projects that has has just had you know it's it's it's great we wanted to succeed but it's just had so much issues um and so many exploits and so many holes and crannies and and that's you know unfortunately i um i'm bearish on ethereum sometimes because it just has so much um you know going on within in terms of packs and that's just not the future of d uh but you know that's that's probably the the sadder part of stuff that i see this week on the bright side on gentina sold nfts for a plane flights which is full but yeah other than that pretty cool yeah nothing nothing crazy but i i hope that the government stops attacking us is what i'm hoping for yeah a hundred percent um you saw gary was asking for more more funding so they can attack us more um last week so um yeah oh that guy yeah as far as for me my final thoughts are my final thoughts are um you know i'm not expecting too much this week unless there's some sort of news catalyst um i think we range probably uh around the current range that we've been uh for the last week or so and um i think then leading up to next wednesday that's when we really start to see some more volatility come into the market so um pretty much where i'm at i show you guys already how i'm playing it i'm short right now until we flip 30k in bitcoin um once we flip that then i'm i'm flipping back over to bullish um as far as day trading so uh that's pretty much it guys i think we we've covered everything we wanted to talk about today we're already over an hour um we've been live for an hour and 15 minutes it's 2 30 p.m here um want to say thank you to bitcoin queen for joining me today um i didn't have to tackle this live stream on my own and talking nonstop for an hour straight without a drink um uh thank you for joining me today uh hopefully we have you back soon and uh and that's pretty much it guys i will see you guys on the next one as always peace hi guys this is not financial advice peace out