By the sixth week of basic training, 90% of these men could be carriers of meningococcal disease. Under the physical and mental stresses to which these men will be subjected, it is not unreasonable to assume that about 50% will contract an upper respiratory infection. The peak of this type of disease will be reached during the third through the sixth weeks of basic training. The period when the greatest amount of stress is felt. For a very few of the more than 20,000 basic trainees on this post, the combination of stress, URI, and more stress will result in meningococcal disease. This can be a rapidly progressive disease unless it is diagnosed early and treated intensively. The commanding officer is as acutely aware of the medical problems of his post as is the chief medical officer. If the surgeon can show him a way to reduce the length of hospital stay, the severity of debilitating infection, and mortality from things like meningococcal disease, the commander will become an active and dedicated member of the preventive medicine team. Further, he will provide the means for involving all of the training command in this effort. There is no currently effective prophylaxis for meningococcal infection, but the disease can be controlled in part by reducing the incidence of URI in the recruit population. That is why the preventive medicine team must consist of the training battalion commanders and their cadre, as well as the commanding general, post surgeon, and preventive medicine officers. When the commanding officer makes it clear that without physical well-being there is no combat effectiveness, preventive medicine achieves a new dimension. This is part of the preventive medicine program. At this post, it ranges from provisions for indoor training activities during severe weather to assuring a minimum of 72 square feet of living space for every recruit in every barracks room. Buses are often employed to transport troops to training areas three miles or more from their battalion areas. This eliminates the unnecessary marching that leaves recruits tired before a training session even begins. It is frequently among the hardest working that URI will develop, go untreated, and later open the way for meningococcal disease. Experience at this post has shown that reducing physical stress by curtailing exposure and overexertion helps cut the incidence and severity of URI. Simultaneously, meningococcal disease is reduced without reflecting on the proficiency of training received. Effective reduction can take place too by taking steps to ameliorate the more extreme climatic conditions of cold and heat. Breaks like this are valuable too in reducing the stress of training. Warming tents, appropriate clothing, and shade also help the trainee pursue his work in better physical condition. By employing specific measures to reduce stress, and by actively encouraging all recruits to seek medical attention at the first sign of sickness, a definitive program of meningococcal disease control can be instituted. Successful early diagnosis, the first part of the program, means that every man responsible for recruit training must also share the responsibility for recruit health. Cadry will have to be schooled in the signs and symptoms of the disease, and encouraged to develop an attitude of concern for the men who complain of not feeling well. The barracks room is where recruits drop the pressures of a day's training, where there is time to prepare for the next day, relax, gather new strength for the challenge ahead. It is also the place where the personal problems often bubble to the surface after being submerged for a day. Early signs of sickness may appear anytime, anywhere of course, but here is where they can be easily discovered by an alert soldier. Millets, muscle aches, sore throat, fever or chills are symptoms of many things. They may indicate nothing more than a viral infection, but they might also be the precursors of meningococcal infection. A soldier exhibiting any of these symptoms, particularly after the second week of training, should not be left to look after himself. When an NCO discovers one of his men in this condition, he must make it his responsibility to see that the man is seen by a doctor. There can be no delay in getting to the hospital emergency room. This is not the time to wait for an ambulance or bus. If this recruit is developing a meningococcal infection, time is one of the few aids the medical team can have. A suspected case of meningococcal disease is an emergency and must be treated as one, because the onset of the disease can be quite sudden. The patient may become unconscious within minutes after arrival, even though no indication of this is present at the time of admission. For this reason, a history must be taken right away. Of prime importance in this history are allergenic reactions to penicillin, and the present whereabouts of the parents, wife or other next of kin. It may be days before these patients are conscious again, and contact between doctor and the patient's relatives is a vital part of this program. Not all meningococcal infections will show up without warning in the barracks. It can easily be hidden in the prodromal stage by a simple virus. Men reporting on sick call with symptoms of upper respiratory infection must not be sent back to the barracks for self-treatment, as has sometimes been the practice in the past. Examination by a doctor in a dispensary may often reveal more definite indications. Patiki eye on the mucosal surfaces and on the conjunctiva is a classic sign of meningococcal disease. In some cases, they may even appear over the trunk and extremities. Another classic sign is nuchal rigidity. Any complaints involving this symptom require immediate attention. One technique useful in following the progress of this disease is circling of all hemorrhagic spots on the body each time the patient is examined. In this way, new patiki eye will be more apparent. Patiki eye alone, of course, do not constitute a positive diagnosis. Usually, patients who are admitted to the hospital for treatment of URI will be in the ward when meningococcal infection manifests itself. Nurses and corpsmen on these wars are trained to watch all patients for the cardinal signs, high fever unresponsive to usual measures, nuchal rigidity or meningismus, skin lesions, increasing lethargy or changes in the patient's personality. Sudden long outburst of profanity, for instance, have proven a good indicator of meningococcal disease. While no single sign is adequate for a positive diagnosis, any one of them is enough to warrant moving a patient to the special intensive care unit established for meningococcal infection. Here, the patient is examined again to give the medical team an up-to-the-minute picture of the suspected case. Diagnostic tests must be started as soon as the patient arrives. Spinal fluid and patikial smears are taken along with other samples. These must be done rapidly so that therapy can be started even before a positive diagnosis is reached. If tests prove negative, therapy can be stopped. But if meningococcal disease is present, much time will have been gained. Every member of the medical team has been trained in the special requirements of the disease. Every piece of equipment, every necessary form and therapeutic agent that could have even remote use is ready and accessible. Following the lumbar puncture, two blood cultures are drawn. The CBC and blood sugar analysis are used for comparison with the spinal fluid. If these studies are made as a matter of course on all patients admitted through the emergency room, or URI ward, diagnosis will be that much advanced in time. IV tubes for fluids and penicillin are placed as soon as the samples are drawn. Tubes must be flexible and well secured to prevent the patient pulling them out or causing them to break off. In patients with this disease, the blood will often show a leukocytosis 15,000 or greater. This contrast with a lower count in patients with a viral infection or its appearance with a negative throat and clear chest picture are good indicators of a positive diagnosis. Media for culturing spinal fluid and blood should be warmed in a body temperature water bath before inoculation.  The same temperature, 35 to 37 degrees centigrade, should also be maintained for the specimens using an incubator if necessary. Spinal fluid may be normal in many patients seen early in the disease even though a culture is positive. A typical spinal fluid will be cloudy with leukocytes numbering hundreds or thousands, an elevated protein and diminished or absent glucose. The diagnostician must analyze and compare all of the tests before drawing a definitive conclusion. Operator, this is Dr. Dempsey. I'm calling from extension 2049. Yes, I'd like Russellville, Kentucky. That's area code. When a positive diagnosis of meningococcal disease is ascertained, the attending physician can then turn his attention for a few minutes from patient to parent. Hello, Mrs. Poole. Yes, this is Dr. Dempsey. I'm with the hospital where your son James is taking his basic training. Yes. We have James in the hospital now, Mrs. Poole, to treat a condition which is just developed. And I wanted to get an idea of the family medical history. Yes. How is your health, first of all? Because the news is serious and because it is often late at night, the doctor is trying first to determine how the person on the other end will take the news. If the first person the doctor speaks with indicates a weak heart or similar condition, he will ask to speak with another member of the family. I see. Well, Mrs. Poole, James has developed a bloodstream infection. If the diagnosis is meningitis, of course, the doctor will say so. And while his condition is serious and there is real danger, we have had lots of experience with this disease and have been getting good results. We have the best there is in the way of drugs and equipment. Our staff will spare no effort to assure Jimmy the best possible care. The doctor then asked that the parents come to the hospital to see their son. If necessary, he tells them the local Red Cross chapter will help them make arrangements for the trip. The local chapter, of course, will have been informed of the situation by the post-Red Cross office and instructed to come to the family's aid if necessary. Less than half an hour posted mission. All tests can be completed and intravenous penicillin started. Now, routine care must follow a specific plan. Most important in this is observation. But voltage. This is a disease that can take a fatal turn in a matter of minutes. The disease is not highly contagious and strict isolation is unnecessary. In this unit, four patients can be cared for simultaneously, making constant observation feasible. Each patient may show different signs depending on stage and type of infection present. There are actually three forms the infection may take. Bacteremia or bloodstream infection. The more familiar meningitis. And finally, a combination of the two. Bacteremia is most common. These patients exhibit the classic patechiae, high fever, and nuclear rigidity. On set is extremely rapid, often a matter of minutes, during which the patient can develop hypotension and die. For this reason, vital signs must be checked every 15 minutes for the first 24 to 48 hours of hospitalization. And as indicated thereafter. A cardiac monitor is used in patients with Bacteremia. This gives the doctor adequate warning of the presence of any significant arrhythmia, and allows prompt therapy to be started for this complication too. An additional significant measurement is the sensual venous pressure. It can be measured by a monitor connected to a catheter placed in a large vein. By charting the venous and arterial pressures on a 15-minute basis, a picture can be developed that will show the patient's condition relative to shock. By following changes in these measurements, shock can be anticipated and prevented. Thus, supportive therapy can be given early, lessening the likelihood of a fatal outcome. Urinary flow is another sensitive indicator of cardiovascular status. A decreased urinary flow in the face of adequate intake may precede clinical shock. The presence of meningococcus in the spinal fluid presents the classic picture of meningitis. Because meningio involvement is frequently underway before organisms are easily demonstrable in the spinal fluid, penicillin must be started as soon as the blood cultures have been obtained. Two million units every two hours will produce an adequate cerebrospinal fluid level for treatment of this disease. This therapy should be for 10 days. Progress of meningitis is marked as the patient becomes comatose. He will frequently become violent and must be restrained. In this form of the disease, the fatal complication is caused by failure of the CNS cardio respiratory centers. Again, time can be the deciding factor. No patient with meningitis should be left unattended even for 30 seconds until the convalescent period begins. Respiratory difficulty begins suddenly and can end a patient's life the same way. Emergency equipment placed within arms reach before any difficulty develops can bridge the critical seconds between life and death. Standard equipment including resuscitation devices and endotracheal tubes must be available. In addition, a tracheostomy tray is prepared and ready should the failure not respond to the other emergency measures. When a patient's parents arrive at the hospital, they are met by one of the post red cross workers. The attending physician now extends his care to include them, meeting with them before they see their son. The doctor first assures them that although seriously ill, their son is making satisfactory progress and should soon be fully recovered and return to training. The parents must be prepared for their son's appearance. With IV tubes, catheters and restraining straps, a patient could increase the anxieties of relatives visiting for the first time. Two, the doctor must be able to answer the questions parents always have, to reassure them that everything possible is being done, to ease their minds and to lay their fears. While the parents are visitors to the hospital, every effort should be made by the training command as well as the medical staff to ensure a good relationship. They should be given an opportunity to eat in their son's mess hall. Later on they can visit his living quarters. Introductions to his officers, NCOs and fellow recruits will further serve to remove any doubts about the adequacy of their son's care and treatment as a member of the armed forces. Most convincing, of course, will be the fact of their son's return to duty after his convalescent leave. Meningococcal infections can be treated successfully without residual effects, provided the cases are diagnosed early and subjected to intensive therapy. Observation of training and trainees by medical and training officers will point up areas needing changes to protect the recruit population. With the active sponsorship of the entire chain of command, a program of early diagnosis of suspected cases of meningococcal infection can be instituted. Every commander, every NCO must be assigned the responsibility, along with the medical personnel in the dispensaries, as well as the hospital. The training program for new recruits has an inherent part. Stress, physical and psychological pressures that are different and more concentrated than those normally found in civilian life. Upper respiratory infection and the associated stress-related complications like meningococcal disease are a natural result of severe environmental and occupational changes necessarily imposed on men new to military life. While there is no certain prophylaxis for meningococcal infection, stress can be reduced, environment controlled, and URIs treated as a serious threat. All of these will in turn reduce the incidence of meningococcal disease. This is a disease where time is one of the most critical factors. Time to institute treatment, time to take heroic life-saving steps when seconds mean life. If the signs are disregarded or the importance of immediate intensive treatment not recognized, meningococcal disease will progress to a fatal conclusion. Early diagnosis and intensive treatment is the only successful defense. It is the only protection against this enemy for those who will protect us from our nation's enemies.


Good morning bookmap community. Thank you all so much for having me. My name is Charles. I run a community called, oh boy. Morning bookmap community. Thank you all so much for. Sorry for that echo. I run a community called Pirate Traders. We're focused on the ES, the NQ and how it moves through the two-way auction process. I use a couple of different pieces of software to help me understand what the market is doing on a daily basis. One is market profile software. That is the chart that you see on the left side of the screen. That basically just shows me where the market spends the most time and where it brings in the most volume, which of course helps me understand both what levels the market is doing business in, where I might think about doing business and also bigger picture, just kind of what's going on with the market. Then over here on the right, I use the bookmap software. The bookmap is an order flow software. And the main reason that I'm using it is for basically telling what's happening with the liquidity throughout the market's moves throughout the day. So what we've got in the background here, if you look at all these kind of like little random colors that are popping up, that is what is called the heat map. The heat map is basically showing you the current order book, which is this section over here. So that's showing you where the orders are sitting in the order book right now. Obviously that is shorts above price and longs below price. But then it also allows you to see throughout the day how that liquidity is changing. When the market starts to move up, did they disappear liquidity? Did they bring in new liquidity? What happened? And by understanding how they're using liquidity as a tool to get market participants to do business, you can have an edge in understanding what is likely to come next. And then last of all, you may see me click over and take a look at this screen in the background, which is showing what we call the market internals. And this just basically gives us an under the hood look at the market. This tells us on the exchange level are people really buying and selling the actual shares, which will of course affect the price of the futures. Okay? So first thing in the morning, I don't really need any of this right away because I like to start my day by zooming out and giving me some perspective on what is happening bigger picture with the market. What Jim Dalton calls a top down approach. If you get too obsessed day by day, watching the way the market moves, you can kind of lose track of what's happening bigger picture, which absolutely has an effect on what's happening day to day. So let's go ahead and zoom out. We're going to go all the way to the monthly chart. Okay? So what is the monthly chart telling us? Well, each candle represents one month's time and the business that the market did in that month. So we can see over a period of years, what has been happening with the market. We can see that back in 2021, the market made an all time high. It had a lot of momentum coming out of those COVID lows. It had a lot of momentum to the upside, but that momentum came to an end and the market rolled over on the monthly timeframe. It pulled back, giving stronger hand buyers, stronger hand participants, again on the monthly timeframe, a chance to do business. And then it turned around and it went right back up to all time highs. Well, where are we now above those previous all time highs? So that is bullish to see. If the market needed to balance more on a yearly basis, we should have sort of run out of steam at those all time highs and started to pull back in. We did not. So that is bullish to see on a monthly timeframe. We also notice on a monthly timeframe that the market is one time framing higher. That means we are making higher highs and higher lows each month. As long as the market continues to one timeframe higher, it will continue to go higher. And so another thing we are watching is the monthly lows to see when do we break those. So for now, everything looks bullish on the monthly. Let's zoom in and take a look at the weekly. So we can get a little bit more information by zooming in a little bit and seeing, okay, yeah, we came back to the previous all time highs, but how did we do it? How exactly did we get up here to the previous all time highs? Well, the market spent some time balancing, okay? It liquidated that liquidation brought in strong hand buyers that began to push the market back up. That move back up caused short covering and FOMO buying, okay? The fact that the market just went week after week after week after week after week after week up in a straight line, straight to those previous all time highs tells us that this was more short covering and FOMO buying in here, and less necessarily strong hand buying, okay? Well, that's fine. So that's the first thing that jumps out at me. Then I see we spent a little bit of time, it was only a few weeks, but we spent a little bit of time balancing right here around those previous all time highs, and then we began the momentum once again. So same thing as the monthly, this is bullish to see. Why? Because we are one time framing on a weekly basis. We are making higher lows each week. So an important level to watch is last week's weekly low. If we get below last week's weekly low, the momentum on the weekly timeframe is over, and we're likely to need to do some balancing, okay? So that's the next thing I'm watching is the weekly low from last week. And then we'll zoom in a little bit more and we'll take a look at the daily. So again, we're now looking at the same information, but we're getting a lot more of an understanding from looking at it, okay? So what are we seeing here? Well, the market spends some time balancing. That's what we had this balance area right here. It spent roughly a couple of weeks in there balancing up and down, trying to figure out, does the market want to go higher or does the market want to go lower? And it chose to go higher. So again, bullish to see. What else am I noticing? Well, two things are jumping out at me. One is we are kind of one-time framing, not really technically one-time framing, but kind of one-time framing to the upside. So that is a sign of momentum, but really what's happening is balance, okay? Because this is basically on the daily, what we would call a channel, where the market just kind of, the same way this is balance, right? The market tests a high, it tests a low, it tests a high, it tests a low, and then it breaks higher. This channel, as tight as it might be, is basically the same thing. The market is testing the high, testing the low, testing the high, testing the low, testing the high, testing the low, and as of now this morning, it is still holding there. Okay? That is important information for me to see. That as long as we hold this trend line on the lows from last week, that momentum can continue to test the trend line at the highs. Also bullish to see. Okay, great. So pretty much across the boards, everything looks bullish, but it does look like it needs to roll over at some point. So now let's zoom in and we'll take a look at that same period of time, you know, that channel that the market has been in and we'll look at it on the market profile chart to try to get a better understanding of exactly what has been happening. Well, on the market profile chart, we get some information here. We can see first and foremost, this move up on the 19th was very, very weak. What we mean by that is, it was traders forced to make a move. It was short covering and FOMO buying on a day timeframe. That day, people were forced to cover shorts and, you know, we're FOMOing into longs. And so that created that momentum to the upside. Okay? We left behind single prints. When you leave behind single prints, it is first a sign that you have momentum and that it can keep going, but is also the market telling you at some point, it wants to come back in here and backfill those single prints. At some point, there is somebody who wants to go long here and since the market is always looking for liquidity, it may need to come down there to find it. Okay? Well, what happened from there? Well, the market was able to keep that momentum going the next day and the market pushed higher. Now I'm making note of this area right here around the 4880 area. Why? Because of all the time and volume we brought in in the overnight after this big move, all the time and volume we brought in the next day. Even though on a daily, we still had momentum, we were really balancing another night of balance in the same area, another day of balance in the same area and this day gave us what we call an inside day. So the market was completely inside the previous day's range. So that's basically the market saying, we haven't run out of momentum yet, right? We can still keep going, but it's getting close. The buyers are having to work really, really hard to keep this momentum going. Okay, great. So that momentum continued the next day, another higher high, another higher low and we started to do business up in here. As we can see, spending lots of time and bringing in lots of volume. So then the market that overnight came back down, tested that breakout, tested that area and built all this time, all this volume, okay? So what is this telling me? It is telling me that the market doesn't need to pull back down with price. It doesn't need to backfill these single prints not yet because every time it starts to run out of momentum, it just grinds and fights and pushes its way back up and grinds and fights and pushes its way back up. It just those buyers refuse to let this market go down. They are defending it with all their might. Okay, but what else am I seeing? Well, we are spending all our time and bringing in all our volume the last couple of days of last week in the same area right here. So this is the market playing tug of war. The market is desperately playing tug of war right now. And it's gonna end one of two ways. It is either gonna end with the market continuing to the upside, more momentum, more short covering, so on and so forth, or it is going to end with a pullback in price, needing to pull back down and backfill some of this weakness that we left behind, okay? So I can't tell you how long we're gonna continue to grind in this range. I can't tell you that, but I can tell you whenever we break out, what comes next and that is a big move with price, okay? So now let's zoom in even more and let's start to ask the question, okay Charles, how do we know which is happening? You know, this week as we watch the market move, what are the signals the market could give us for what's coming next? Well, the first thing I'm watching is Friday's low. Okay, that low is right here, around 4907. That was an extremely weak low. I don't wanna go into detail explaining how we defined week and why it's weak, but just trust me, that low is extremely weak. It needs to be tested again. The market needs to poke down there and just see if there's anybody that wants to do business below that level, okay? So if it can hold that level, if the market stays above 4907, there's no reason for it to go down and it can just keep going up. It will shock you how far they can push it, but if it does come down there and poke down below that level, that changes everything because now we've got a lower high on the daily and that means the market, that is the signal that all the participants of the market would use to say, this market needs to pull back with price. So the first thing I'm watching is Friday's low as long as the market stays above it, I am bullish. Plain and simple. I think we're gonna keep going up as long as we can stay above Friday's low. However, if we get to Friday's low and we poke below it, there is potential for a big move to the downside. So what I'm gonna be watching for is what happens when we get there. Do we just do what the overnight did? So over the weekend, they went below the low, but then what happened? They came right back up. That's what we call a look below and fail. If that happens, if we get to Friday's low today and we poke below and we turn around and come right back up, I will be bullish as can be. Why? Because if the sellers want to take control of the market, if they want to take the market lower, they will need to turn Friday's low into resistance. They will need to poke below Friday's low and then not be able to get back up into Friday's range. So if they do, they've lost and the buyers are still in control and the market will keep going higher. If they're able to hold that resistance, well then I'm looking for that larger pullback in price. So at that point, I wanna be a seller selling resistance and buying back support. Now there's a lot of caution that needs to be taken because of the amount of time and volume we've spent grinding around these lows in here. This is a lot of support. So I'm not saying we'll look below yesterday's low, find some resistance and then drop like a brick. I do not believe that is what will happen. It could, but I don't think it's what will happen. Likely it will be a very slow grind to get through this support before we get that sort of liquidation that takes the market much lower. So I'm looking for resistance. I will be shorting if we get it but I will not be falling in love with that short because I will be assuming it's gonna be quite a grind to get lower. Okay, so now let's talk about to the upside. Well, we just talked about how on the monthly basis, on the weekly basis, on the daily basis, we've got momentum, we've got bullishness all over the place. There is no reason in the world this thing can't keep going higher this week, okay? So if that's gonna happen, what am I looking for? Well, step number one will be the market has to get above the overnight high from the weekend. That is 49-22. If the market is able to get above that overnight high and then turn that into support, I would be as bullish as a little boy can be because that would tell me the market still has momentum. They wanna make new all-time highs and they wanna keep this thing going. So inside this overnight range, below the overnight high and above yesterday's low, so in between 49-22 and 49-07, I have no interest in doing business. I have no interest in trying to go longer short in here.  This is an area where the market will be extremely tricky to understand. It'll go up, it'll go down, it'll be totally random. None of it will make any sense. And so any sort of going long or going short in there is just a gamble. It's a guess. You have no edge. You have no certainty that the market is likely to do anything. It could just keep chopping. It could break higher. It could break lower. And so I don't gamble in those types of areas. I just don't do business in chop zones because it's too difficult. So inside that chop zone, I'll be watching the market. I'll be watching what it does in support levels does it hold? I'll be watching what it does in resistance levels. Does it get smacked back down? I'll be watching how it handles the half back, which we'll discuss once the market opens. That's all I can do inside the chop zone is just watch the way the market moves and hope that that gives me an insight about what comes next.  And if we can get above that overnight high and get some buying up there, I'm gonna be a bull real quick. But I don't diddle in the middle. And that's the way it's gonna be. So we are opening in a chop zone. I suspect it's going to be a very boring morning, perhaps even a very boring couple of days until Wednesday. So no reason to feel FOMO this morning, guys. No reason to rush into trades. Let the market grind, let it chop, let it chew up all those short-term traders that just have to get in a trade. Oh, it's Monday morning. I gotta be in a trade. I've been waiting all weekend. You don't have to be with them. Let them get chewed up, let them get whipsawed and we'll wait and see who is gonna win on the breakout, who is gonna be the first participants to make the next big move and we join that bigger move, okay? We've got 10 minutes until the market opens. So if you have any questions, please let me know in the chat. I'm talking about a chop zone, baby, it's choppin'. They're gonna chew up everyone today. I do suspect it's going to be a very choppy morning. Good morning to Peter. Welcome. Will in the house. David G. is here. The demo trader. Welcome. And thank you so much. Sevlovskv? Sorry, bro. I just literally murdered that name. I am so sorry. We'll just call you Novo. Good morning to you. Welcome. Bust a move in the house. Bookmap channel in the house. What's up, everyone? Dylan is here. Welcome.  I assume you're talking about when the contracts roll over and the answer is no, I do not. So I leave all my levels where they were in whatever contract was trading at that particular time. The way I define my daily ranges, I separate them between regular trading hours and overnight. So the overnight starts at 4 p.m. and then it ends at 9.30 a.m. the next day and the regular trading hours is 9.30 a.m. to 4 p.m. And that differentiation is very important for understanding things like, where is the overnight high? Right? Where is the overnight low? Where was yesterday's low? So those numbers are very specific. Ships in the house. Good to see you. Ken says, queue please. Yeah, let's do the queue. The end queue has been much more difficult to read than the ES last week. So we talked about how one of the main reasons we can stay bullish on the ES is that we continue to make higher lows on the daily. I mean, we just keep doing it. Well, not on the end queue, not on the end queue. Things are very, very different. Okay, so we had that big move, same thing as the ES, lots of short covering, lots of phone mobile and they were able to keep that momentum going the next day, but the day after that, they made lower high, sorry, lower lows. Okay, so that was a signal, the market was running out of steam. It got one more push, making a new all-time high and now we're one time framing lower on the daily. So this is where it's gonna get a little bit complicated. On a daily basis, the end queue is actually trending down. However, I still just see it as balance, like a larger balance on sort of a weekly timeframe. Okay, so I'm not as bearish as you might think. Maybe all they needed was those three days. Maybe this was enough of a pullback that now they can turn around and head higher. Okay, so any other time, I would just be straight up bearish on the queue this morning, I'd be like, we're one time framing lower, we're spending time and bringing in volume at lower prices, this thing's going down, but not today. I kind of see it the same as the ES, it's really probably more likely it's just gonna chop and I actually feel a little bit more bullish than I feel bearish, but let's talk about some specific levels and see where my mind would change. Yeah, okay, so if you're looking at how the overnight tried to defend this area here around 17, 480. Okay, so that was on Thursday night. The market worked very, very hard to defend that level and then the next day, the queue just kind of bounced around up here above it. Well, now over the weekend, what did they do? Poked down there again, right? But what happened this time? They didn't have to work so hard. They didn't have to spend so much time and bring in so much volume down there. Look at how thin it is. Very little time, very little volume. So this time around, as soon as they poked down there, the buyers instantly stepped in. So that tells me that that is very good, strong support. So I would say I'm pretty much neutral anywhere above, let's say 17, 490, okay? Assuming it could just chop and go sideways, but if we start to push below there and start to get some new selling, then I'm bearish for that larger pullback, okay? And for the highs, I would say just a little bit below the overnight high right here, that's my deal or no deal level for continuation higher. So you've got support in here. You've got resistance in here. In between those two, it's a chop zone.  But if they poke above that overnight high and they start to find support, I would look to test yesterday's high, Friday's high, which is around 17, 6, 32, okay? If they get above there, it's bullish as can be. And if they get below this area around 81 and get new selling, that is just bearish for a larger pullback. And I would literally say it's like 30, 30, 30. 30% chance we just go sideways inside that chop zone all day. 30% chance we go higher, 30% chance we go lower. We really will just have to wait and see. Yeah, it's just not giving us anything here with any kind of edge. So again, let's watch what happens when the market opens. Where does it find support? Where does it find resistance? You know, what kind of momentum do we have? That will give us a clue of what might come next. Three minutes to market open. Here comes the liquidity, here comes those day trading bots. They wanna chop us up, chew us up, spit us out, but we won't fall for it. Chop zone. River Rock says, yo, Fred says chop, chop, chop, chop. Yeah, I think we're gonna get some chop, chop, chop, chop, this morning. Good morning to Michael and Novo. Thanks, brother. Any other questions? Two minutes to the market open, nothing else to talk about, anything at all, let me know. Ooh, I can plug my workshop real quick. So starting next Monday, one week from today, I'm teaching a live workshop. That workshop will teach you everything you need to know to be a trader. Okay, it's gonna teach you how to read the auction process. It's gonna teach you how to hone your intuition, improve your skills in trading, deepen your self-understanding, which is the most important thing, manage your risk, think in probabilities, and understand when to do business in the market and when not to. So this is an all-encompassing course. It's got everything you need from beginning to end, whether you're brand new to trading or you've been trading for 20 years, I guarantee you, you will learn something at some point in this course. I have had many, many students who have taken courses from all sorts of people, and they all say mine is the most in-depth, and it covers the largest range of things. For me and my own journey as a trader, I foolishly believed for a long time, I just had to learn how to read a chart. I just had to learn how to understand what the market is doing, and then I'd make money.  But then I found out, oh no, it's not quite that simple, that there are all sorts of factors that play into it that have to do with your own human psychology. You can be a genius at reading a chart, but still take a trade you shouldn't take for emotional reasons. And so I've gone in-depth to solve all those problems and give traders every tool that they need in order to learn and grow and develop over time. So if you're interested in taking that course, head to marketsandmind.com. It starts next Monday. Two weeks. All right, so the market is open. We have opened inside the previous day, days range, inside the previous days value area, and wouldn't you know? We opened right at the same opening price. That's three days in a row, folks. Opening price on Thursday. Opening price on Friday. Opening price on Monday. Ladies and gentlemen, may I introduce to you a market imbalance. All of this is the market going nowhere. It is just getting traders long to squeeze them, getting them short to squeeze them, getting them long, getting them short, getting them long, getting them short, and just chewing them up. The highest probability is we're gonna get more of that today. It's a chop zone. Let's watch them chop it up. I'm talking about a chop zone, baby, they'll chop it. Okay? So as you can see, these levels I've got pointed out. I've got support around 49.12 and around 49.04, and then resistance just above the opening price here around 49.21, and again at around 49.25, okay? So what I'm interested to know is what happens when the market gets to those levels. Do we just get smacked down at the very first resistance or are we able to get above the overnight high? A smackdown would mean more chop, getting above the overnight high would mean maybe we're gonna go higher. If we get smacked down on the second resistance at 49.24, and then head back into the overnight range, more chop. If we get smacked down there and then bring in buyers, and we just start to spend time and bring in volume up there, well then I assume we're going higher. Same thing to the downside. If we bounce off the very first support, well it's gonna be more chop, more grind. If we're able to get down there below yesterday's low, then maybe it could go lower and we'll have to see what happens. But in between the support and resistance it is likely to just chop. Speaking of which, pushing into the first resistance now. Okay, no resistance yet. That is a little bit less bearish to see. I would not say bullish, but less bearish, okay?  Those orders did fill, we took out some stops as well. So that's a little bit bullish to see. That increases the odds, we're gonna poke above the overnight high, which we're doing right now, and then we find out what happens up here at the overnight high. Do we instantly run out of time and volume and turn around and head back down or can we start to hang out up here and turn that overnight high into support? Let's see what happens. Kyle says, I joined the Pirate Traders Brigade last week and also bought the e-course. I was wondering where do we get the TPO chart like yours to follow along with the same thing you have? So the market profile software I use is from a company called Window Trader. It is the most expensive option that's out there. So I don't necessarily feel like people have to have Window Trader. It's just the one with the most bells and whistles. You do have to have Bookmap because it's the only one that has the heat map and the only one that has the stops and icebergs indicator. So you gotta go with Bookmap. But with Window Trader, you don't have to have this particular type. You just need market profile software. So that is software that shows you the TPO's that are the letters that show you how much time the market spends in a certain area and the amount of volume that the market brings in in a certain area. So just Google whatever brokerage you use, Google them and the words Market Profile Software and just see what's available to you and that's probably fine. If you do wanna use Window Trader specifically, once you sign up for it, just shoot me an email at ahoyatpiratraders.io and I'll send you my template so you can literally just open it up and it'll look exactly the same as mine. But I would also say if you're gonna get Window Trader, half the fun of it is that you can make it look any way you want.  So you might play around and see what you like. Okay. So the market just turned around exactly to a tick at the week L period high from yesterday. That is choppy to see. That is telling us that it wasn't real buyers up there doing business. It was a computer. It was just a day trading bot. So that tells us two things. One, the chop is likely to continue. And two, we are almost certainly gonna come back for that high at some point today. That is a very weak high. Charles, if you're saying we're coming back for the high, shouldn't I be a buyer? It's a slightly better probability now, but it's not a guarantee. Pulling back into that overnight range means it could turn around and head lower. So I would wait for that support above the overnight high before I would become a buyer, even if there's a magnet tugging on price. GH says, do you consider the red high liquidity areas as resistance? No. So when it comes to liquidity, I don't assume anything, right? My assumption of resistance here is about this note of volume and time from Friday. I know it's very subtle to see, but that was where the market, it was trying to go higher. It failed, started coming back down. So that's like a really important area right there. That is why I'm calling for resistance there, not because there's some liquidity. What I'm paying attention to for the liquidity is what happens when we get there. Do they actually let the liquidity fill like they did up here, or does it spoof? Is it like right as the market is getting up there, it just poof, it just disappears? That's the important information. If it poof disappears, well, then the market's gonna just go whoosh, right through it, or whoosh, right back down. But if it holds, it will likely be resistance for a second, but it would be bullish, because once we're through it, we're through it. So the liquidity I don't assume anything about because it's commonly just spoofed. The thing I use for support and resistance is where the market actually did business or did not do business in the past. Tom Gunn says, trading view has TPO for premium subscribers? I'm gonna have to go check that out. I've been waiting for them to do it for years. Is it any good? Good morning to Percy. Novo says it's going down to the opening low if it's computer. Yeah, I don't know specifically these day trading bots that reverse everything on those exact levels over and over. I mean, they do it. It's every high and low now is a computer reversing it. It's hard to know what their exact plan is, but I just know it means there's a higher probability we'll come back for it eventually. Don't know when, but it wasn't real sellers. It was just a bot. All right, well, as of now, the market is finding support at the halfback 49.19. That is a little bit bullish to see. It increases the odds that they're gonna try to break out of this chop zone to the upside. So I would describe myself as mildly bullish as long as we're above that halfback. And since it's just a tick above the opening price, I would say above the opening price. So if the buyers can hold the market above this opening price right here, they are likely to poke up and test the resistance around 24. If they fail and pull back through the opening price, that will likely lead to a little bit of a pullback as you'll squeeze any buyers that are buying this support right now. So this is the market's chance to break out of the chop zone. Can they hold it above the opening price? Let's see. Chytown says it's early days for trading views TPO. It's pretty limited, but it's a step in the right direction. Good to hear. I'll check it out and I'll send them an email. Let's pop over to see what the queue is up to so far this morning. Okay, same exact thing. It's trying to build up momentum to break out of this chop zone. I would say it's right at a chop zone high right now. So NQ, can they hold 17.558? That is the halfback. If they can stay above there, they are likely to test that overnight high at 17.591. If they pull back through the halfback, then it's just gonna be more chop. Let's see what happens. Can they hold it? Nope. All right, passing back through the opening price means more chop. Passing back through the opening price makes this a look above and fail of the overnight high, which means we just don't have the buyers to get above the overnight high yet. So we are likely to need to pull back with price looking for those buyers at lower levels. I am looking for support around 49.12. They had their chance and they just couldn't hold it. More chop. Chaitan says, we currently can't break out the TPO's into individual columns, but it came out in October and it should have lots of development this year. They originally brought it out to the top two levels of subscriptions, but then pulled it from the lower and made it only available to premium. Yeah, that probably means they ran into a bunch of technical issues and they wanted to limit the number of people using it, but that's good, they're working on it. So now the question that we're asking ourselves as always in a chop zone, they failed to break higher. So will they now turn previous support into resistance? So this little node right here around 49.21 was acting as support, trying to hold the market up. Does it now become resistance to smack the market back down? So all we can do in the chop zone is ask, what comes next? And wait for more information. DNK says, Apple is down 1% keeping the market down. Could be. I would say the FOMC has a much bigger effect than Apple, more like just no one wants to do business. Boy, this is exciting. Okay, buyers taking control once again. They did not turn that node into resistance. So that increases the odds that we're gonna poke up and test 49.23 as it is very, very weak, but I am not bullish because my feeling now is that they're literally just poking up there to repair that weak reference and then they're gonna come right back down. So I will need to see them make the repair and then hold that support once again before I'd be willing to take a trade. Attempt to break out of the chop zone? Numero dose. But Charles, what about short covering? What if we poke up there and all of a sudden the short start to cover still wouldn't get me bullish? Got to see the real buying at that overnight high before I can trust it. Because we are just set up for chop. We are set up to whipsaw. That is to convince people to go long right now so that when they come back down, they can just wipe them all out. Scoob all in the house. What up, Scoob? Kyle says, what data provider am I using for window trader? I'm using IQ. IQ feed. Boy, this is the tightest range ever. It's like a two point range. All right, here we go again. Can they turn the half back into sport? Can they repair the weak, weak high? Ticks are telling us that the momentum that is beginning to build is more buyers than sellers. But the book map is telling us it's bot shenanigans. Caution for both sides. Okay, so now we just took that weak high and we turned it into a poor high. What's the difference? Well, often when the market creates a poor high, it first pushes away from the poor high to find support and then it comes back and takes it out. So this is just another sign of chop. They are not gonna make it easy this morning. So once again, can they hold 49.19? If they do, they should be able to take out that high this time. Let's see what happens. Well, Charles, what else is Market Profile telling you? There must be, there's so many little letters and colors and things. There must be some kind of an edge beyond could hold half back, could repair high. No, there's not. And that's the important thing. So far we are still inside yesterday's range. We are still inside yesterday's value area, which means we are really just grinding sideways just like we did on Friday. It's just more of the same. Even if you're feeling like, oh my God, I gotta be bullish, the market's gotta go so high. No, it doesn't. It really doesn't. We are still inside the previous day's range. We are still inside the previous day's value area. All of this that we're seeing is just short-term day trading bots. Nothing has fundamentally changed about the market. So for now, it's still just chop. Well, what would change your mind, Charles? What would make you think it's not chop anymore? Well, if price can get above yesterday's high, it's definitely not chop anymore. It's momentum up. Or if we can spend enough time grinding around in the upper end of yesterday's range, then we can move this little blue box, which is what we call the value area. It represents 70% of the day's trade. If we can get that value area overlapping to higher, well, then maybe I'd see some real momentum. But to me, guys, I think we're set up for an entire day of going sideways, at least as of now, because there's just no real momentum here. The first clue that we had that it was gonna be a day where the market does nothing but go sideways was the fact that we opened almost exactly at Friday's opening price. So nothing's changed since Friday. So we probably do the same things Friday. Push up, run out of steam, push down, run out of steam, push up, push down, push up, push down. It's gonna be a choppy one.  So you wanna see the market push at least a point above there. Then you wanna see it come back down and you wanna wait until visually you are seeing on the chart that this overnight high is holding its support. Only then do you become a buyer in this market because I just think we're gonna whipsaw all day. So I would encourage caution for everyone. With that, unfortunately, I must say goodbye to the wonderful book map community and head on over to hang out with the pirates, with the Scallywags in the Pirate Traders Brigade. And we'll just hang out and watch the chop there. I mean, it's all we can do. It's all we can do. Scoobal says, the daily looks like a new balance above the previous high. I would call it pinned more than balance area, but yes. Overnight low tested balance area low. Now it's going to balance area high. I disagree. Not that that's impossible, right? What he's talking about is maybe this is like a new little balance area right here and that because the overnight low came down and tested the low, the natural move is to slingshot to the other side. That could absolutely be the case, but I personally wouldn't choose to take trades in that. I would just need to see some confirmation. Like I said, I'd need to see those buyers hold that overnight high and then look for the bigger move. And if I get long and it doesn't get the bigger move and it pulls back down, that's fine. I get stopped down, no big deal. But to me, that's a better way to play it than to play this as balance. But there's nothing wrong with that. If it works for you, you should absolutely do it. Okay, so we just had our second look above and fail of the overnight high. Once again, pulling through the opening price tells us we do not have the buyers in here to keep this thing going and increases the odds. We'll need to pull down to the 4912 level, but it's choppy. So it doesn't have to happen in a straight line. Michael says, what timeframe do you like to watch on the book map? That's a great question. It's not really about timeframe. So with book map, it just depends how much you're zoomed in. So like you could zoom out and now I'm looking at the last, you know, half an hour. Right? Or I could zoom way in and I can literally be looking at a fraction of a second if I want, right? So to me, there's no exact amount I am zoomed in or zoomed out at any particular moment. It's about wanting to know where the liquidity is. So if I'm like way zoomed in like this and I'm asking myself, hmm, is there liquidity up at, you know, 4928? I got to zoom out a bit to see, is there something up there? So it's really more about just trying to see where are these bright colors? Where is the market putting the orders? And I just zoom in or out as much as I need to to see what I'm looking for. All right. With that, I will say goodbye. Farewell. Au revoir and wish you all the best. Like I said, to me it's still a chop zone. They can get bullish if they can repair the poor high and turn the overnight high into support. But other than that, I think we're just gonna grind and grind and grind inside yesterday's range and drive all the day traders mad and they might do it till Wednesday. So enjoy. Happy trading everyone. To the members of the brigade, let's set sail. And everyone else, we'll see you next Monday. Bye.


Okay, ah, Red Panda, it's nice to see China taking action against real dealers instead of people buying. That's a good point, actually. I never thought about that. Yeah, because I've heard of a couple of UK banks are closing down people, and there's an option for, well, the option is, if your bank is playing that game, there's other banks out there. And I think the banks that are going to be ahead of the game are the ones that are going to say, you know what? I don't know what's going on with this crypto and digital assets, but it seems like people want it, so maybe we should offer it. Maybe they'll do the custody service. Well, it says Rob's got that Tangem ring already.  First of all, Tangem is a cold storage wallet, and it looks like this. And it's why I, it's like my ledger, which is over here. It's always, it's down here, hold on, this one. I diversify in my cold storage devices because I don't trust anybody. I have a trust issues. And I had the guys on from Tangem yesterday, and we were talking about buying things on the cold storage device, which is Tangem. And I gotta tell you, it was kind of pricey. I would never do it. The only thing I'm going to use this for is what it was designed for. What it was designed for is to hold my crypto and have nobody else steal it. And since 2018, they've had 850,000 various wallets created, and they've had zero hacks. But if you're looking to buy it on Tangem, the prices are outrageous. Personally, that's what I think. But if you ever tried on ledger, it's the same thing. I'm still going to use Coinbase.  Hey, I'm an American. I've only got some limited options. And I keep using the Coinbase one. And I dollar cost average, and I goes off that a hitch, and I transfer it over to my cold storage devices, and that's it. I'm a simpleton, and that's it. All right. Ben was lurking to make sure no chart of violations. I'm telling you, was Ben here? I didn't miss him. Hey, Ben, if you're still here. Yeah, I'm telling you, so I show a lot of that of Ben's side and of the cryptiverse, and I'm totally, I'm not stealing from it. We've had a talk, but he's like, hey, you don't show too much. I'm like, sure, man, don't worry about that. All right, but no, no, I can't show everything. And people were asking me like, what about the time in wristbands? That's what I based on me selling 80% of my crypto. What about that? Can you show us all the time? I'm like, no, I can't. That's like the hallmark of what I'm basing a chunk of my exit strategy. So I can't show you that. Yeah, really going, really going today. Ben texts as I'm waiting for 3,500, 3,500 again for Bitcoin. Yeah, that'd be great. But that was, that was December 17, 2018, I believe, some around the 2016 or 17. Dirty Johns is just the opposite of what Ben says. And you'll be good, Rob. Hey, talk about what you want. Ben's been right so far. So we'll see how it all works out. I'm a temp speaker, yes. Let's see. Great question. So Raman says, Define NFC with a narrative in the last bull cycle. I believe in token, also meta, meta versus were another one of those. I believe tokenization and platforms like Ripple that could be used to create CBDCs will drive the next bull. What's your thoughts? Yeah, and that's one of those things we gotta take a look at. Now, correcting the comment section, but as I understand it, Ripple is working with some certain banks to create a CBDC. Some people, let me verify that first, because I don't want to talk out of turn, because then you spread misinformation and people hate your cuts. So as far as like the narrative, payments will be big. I think it's high time that we just accept the fact that Bitcoin's not a great peer-to-peer transaction process. But what about Lightning Network? Well, implement it. I know we're implementing in different places. I've used it before. Works great. The thing is, are there a lot of these places that we go to integrating Lightning? And if it's not integrated, what am I going to do? So I can't use Bitcoin, especially in the height of a bull market. If I want to buy coffee for three or four bucks at Starbucks, and that is, don't make fun of me, but I only drink straight black coffee, nothing in it, and small. So like three or four bucks is what it costs. So if I go to Starbucks and I want a $4 coffee, I can't use Bitcoin. I mean, the transaction fees are like, at that point, might be five bucks. So well, at least maybe not five, maybe it'll be lower, but it'll be a big chunk of it as opposed to what Visa would charge. So I think when we take a look at Solana and the low transaction fees, I know people hate it. Some people love it. They could be very good. I think Cardano could do the same thing. I think Avalanche could do great stuff. Maybe Polkadot, I don't know, whatever you guys got. But I mean, I think payments will be the next thing. And then of course, the next big thing, I'd like everybody to do this as well. Go in, let's just do it right now. I'd like to see where we're at. But I believe the next big wave or the next big narrative is going to be Web 3 gaming, because a lot of these things that actually good games are coming out that people want to play, they've created good games, they're playable, people like to play them, and then the Web 3 aspect takes a backseat. That's the way to do things. And there's a good one called My Pat Hooligan, which is AAA ranked, AAA rated game. It's pretty good, it's out. You can play it for free. They have NFT aspects to it. And then there's one called, hold on, I got on my phone. You can download it right now. It's from, come on, get out of there. It's from Gala Games. Oh yeah, Get Plucked, which is, if you remember Frogger, it's kind of like Frogger or Crossy Road. It's more like Crossy Road. But Get Plucked is a mobile game. And of course, it uses aspects of Web 3 and crypto and digital assets. So let's take a look, see if I can find it. Categories. And again, coingecko.com, CoinMarketCap has the same thing. Let's take a look at the category of gaming. Well, ICP gaming, I guess, I don't know. Immutable X in 24 hours is down 0.8, but it's not bad. 0.9% for seven days. Oh, look at Gala. It's pretty good. It's up 16, almost 17%. Now I believe that the next biggest one would be Solana. I think Solana in the last seven days is up 20%. So not too bad. Apecoin, I actually used that for Rec League. I actually had to use it, so I guess it's there. Wax, Magic, Ronin, up 0.3. Oh, look at that. I didn't do this, but I'm just saying, sweat economy is up 16% in the last seven days. Wow, holy smokes, veracity, I don't know what that is. 73%. My neighbor Alice, it's a game. Ultra, 2%. Nakamoto games up 25, geez Louise, 25%. Man, YGG, up 18% and 1.7. Avagacchi, two, and some other Guild of Guardians. So yeah, just take a look at that. I think that game is gonna be the next thing, the next actual use case. I could be wrong, but I'm wrong a lot, so it's okay. Well, I'm not, I did some things right. All right. If you don't have trust issues, you haven't been in crypto long, very true. Right, Fannis says Ben was here because he said yesterday's show asking David about Bitcoin dominance, perhaps. I'm gonna do a video, it's called, it'll be called, Matic Dominance. See how that works out. Norman says, I copy, paste my question again. I'm confused, Rob. For a while you said that ETH scared you, and lately you've been reading that you DCA it. If it scared me, I can't think of why I said that, but I've been dollar-cost averaging for as long as I can remember of Ethereum. I don't know. I don't know what to tell you, man, but I've been doing it for quite some time. I think at some points I did this thing called micro DCing a long, about over a year ago, and but it wasn't Ethereum, it was across everything. So not for sure. Yeah. Hey all. SoulBull says it's too early to talk super cycle, and that's the narrative you're gonna hear. And that's what, look, if you're here, you're essentially a veteran and a pro.  We're gonna chop sideways. Maybe we have a secondary scare, things go down. Something happens and we start to, when things get bearish, it's like it'll never get better. And then we go into the bull market and things can only go up. The problem is that you're gonna hear the same narrative from people that I heard in 2017 and again in 2021. And even as a veteran, like even I got kinda sucked in to 2021, I'm like, well, there are things are different.  He's saying he's never gonna sell. Okay, that sounds pretty good. And then we got this thing called Luna Luna Terra Classic. And it's an algorithmic stable coin that's backed up by Bitcoin. That sounds pretty good. It's gonna work out pretty well. And then, hey, you know what? We don't have the mount goxes because we have these centralized exchanges and they're very safe. They're not gonna get hacked. And of course, even Voyager is a broker of multiple exchanges. And of course that can't go down. It's like thehotels.com and I got sucked in. And what happened? Well, well, Michael Saylor is still going strong. But of course, we know what happened with Luna. We know what happened with those four different exchanges that we talked about. And we know what talked about the rug pulls and the problems and the hacks. It always repeats. There's gonna be some problems coming up and it's up to you to decide when you have to get out. I have a link in the description for when I'm going to sell 80% of my crypto, but just be aware that in 2017, same kind of narrative. It can only go up. It's gonna be awesome because of this, this, this and community and blah. 2021, the same thing. It can only go up, blah, blah, blah. But at some point, the bear market catches up with everybody because the tech has to catch up with what people's promises actually are. So just be aware of that. All right, Tesla hopeful as well. Rusty Bodd is here. If and when the yield curve will go back to normal and all stocks crash and look in all currencies and see how much they debase again, the money would be smart to buy some, put some money in Bitcoin for investors. So that's the thing. And if you take a look at it, as far as like the correlation between the entire crypto market, even take a look at Bitcoin correlation between that and traditional markets, S&P 500 and NASDAQ, it does line up, but not all the time. And I think, I showed this yesterday. I'm gonna show it again because I think it's that important. You have to understand that everybody's looking for the gains right now, right? So on the treasuries, I think the 10 year just shot up and it's close to being in with equilibrium with the two year as well as want to take a look at the 10, two year and see what's going on. At some point, those rates are gonna drop because you can only get so much, people can only get in so much and people that are actually in there in the early time are gonna take their money out and go, you know what, I think there's more gains than 4.82 or 5.26%. I think there's some really massive gains to be had and I'm gonna put my money out there to make it work for me. And when people realize and really realize, and I think this is the narrative moving forward, especially with the BlackRock, the Fidelity's and all the institutions coming in, they're gonna be reminded of this. And I showed this yesterday. This is from Charlie Baleo. It's great stuff. And he says, look, if you take a look at the total, the asset class total returns since 2011, it's not even close. Like I can't even, I don't even know what that number, it's the 2011-2023 cumulative for Bitcoin is 8,908,509%, which sounds ridiculous, but it's true. But if you annualize it, it's only 144%. The next biggest one is NASDAQ. US girls, large gaps, convertible bonds, and it goes way down from there, right? And of course, there is more volatility, but I think if you're an institution, you're like, well, do I put in the bonds right now? Probably a good idea. Or big whale investors, but they see it, they know about these four year cycles. They know about the liquidity. They know about the macro factors and they're like, you know what, maybe we should put something in a small allocation because who knows? And we'll just play the numbers. They're playing the numbers, there's no bigger number than Bitcoin. And of course, then they get to the DGEN partner, they get into altcoins because let's be honest, everybody has a DGEN side to it. That's it. Good question. It's a bad joke. Peace to everyone, I like that. Oh, I didn't know this. See this, like I can't keep up with everything. Veracity is burning 50% of their coins. That's probably why it's up so much. Jay today says, when you get things wrong, it's beneficial for us. Yeah, because I don't get to come out here and eat crow and go, you know, I was wrong on this part. Like September, how many times does September, I was talking about, it's gonna be a really crappy month. I'm still gonna dollar cost out, just I think it's gonna go down. And it wasn't wrong. I also had a price prediction. Bitcoin was gonna go to 150K, and I revised it to 100K. Didn't even hit that. All true, Rob, it's important to take profits. And then, look, these are the things we have to think about now, right? If you don't have a plan in place, you're planning to fail.  And that's why, like I have no problem buying. I have no problem buying every day, right? I think we're all pretty darn good at that, correct? But I think when we get into that bull market, we're gonna be hurting a little bit because people are not, they're gonna do the same thing, you're gonna write everything up and write everything down. I put this tweet out, and it didn't give much traction because no one wants to talk about selling right now, but I'm trying to get people's minds in the right mindset. And I said, I go, just a reminder, at some points you should take some profits. Isn't that what crypto was created for? For future transactions? And now, hear me out. Just hear me out. Cause people will say, I'm diamond-handsing forever. That's what Michael Saylor's doing, and that's what I'm doing. There's a huge difference between you and the billionaire that is Michael Saylor. Let's just be honest. It's beneficial for him to buy and hold Bitcoin because he's a proxy for an ETF for his company MicroStrategy. And I know he believes in it because he hasn't sold anything. And it's great for his company, it's great for him and he really, I mean, I can't say anything negative about it, but I'm just saying there's a huge difference between you and him. If you have massive bills, if you don't own your house, if you have kids to put through school, it's important that you do these things just a little bit. Now you can hold it on, and then maybe in 20, 30 years, it's the next reserve currency, I don't know. But what Bitcoin was created for is peer-to-peer transactions. Read the white paper. It's not that long. It's like 11 pages, nine or 11 pages. And it says there very simply, it's peer-to-peer transactions. So for me, like when I sell my Bitcoin or my Ethereum or something like that, it's not that I'm selling. It's what I'm doing is like, when I do that, I'm not just sitting on cash. I mean, not all the time. I want to buy some other assets, right? At some point, I want to buy some more land, maybe some more properties. I need some upgrades for my business. And of course, also the properties. So when I'm trying to pay people, like, hey, do you take Bitcoin? Do you take Ethereum? You don't? Okay, well, I just need to transfer it into whatever, and I said here, I'll convert it to whatever fantasy paper money you want so I can make the transaction for the goods or services or assets. So I think it's just like people say, I'll never sell. But just think about that. You know, that's what it was created for.  That's what I'm trying to say. Ah, that's a good question. And Dara knows my weakness, which is lump summing. Rob, if the market drops off pretty hard by chance in the next few months, are you prepared to lump sum? No, I'm not. Should I? Yes. However, I've got another thing to do. And the way that I look at it is like this. I can lump sum.  I bought a chunk of alluvium after I interviewed alluvium guys because like I said, we're all a little bit degenerates out there. But between DCA and lump sum, there's this thing called dynamic DCA. I talk about this many times. And there's a link in the description to my website. Dan teaches crypto. It's 100% free. I don't even spam you. I just send you emails when I upload some videos to it, right? Check that out. But like with dynamic DCA, and of course I use Ben's website for this, is there's these time and risk bands. So let's say for example, I'm buying Bitcoin at 100 bucks a week. When the price goes up a little bit, maybe I put a little bit less because this is looking at $75 a week. As the price goes up, it gets more risky, right? Especially if you're in the risk band of 0.9 to 1.0. But as the price decreases and we're in the risk band of lessened, that means the price is going down, I should probably buy some more or some more or some more.  So not financial advice. This is the thing that I'm doing. Let me remove this real quick. As we get into these risk bands on the far right side, this is when all your friends will call you and text you and go, hey man, what's up with that Bitcoin and Ethereum and Doge and whatever else? That's when they buy. That's not when you buy. That's when you sell. But again, you can do what you want. So that's what I'll be doing. Great question. I question my choices in crypto investing deli's to here. Yeah, if we just would add a crystal ball and just invested at the very bottom and taken all our money and just go lump sum and right there, I've been great. Just doesn't work like that. And right now, just so everybody knows, I've been in dollar cost average since 2022. Not a great idea. Actually, I'm gonna show you something. So this spreadsheet did it all time high. There was a couple of one. I wanna show you Chainlink and Uniswap. So Chainlink, okay, I'll put in here. That's fine. Final look for it. Ton, polygon, number 19, blind. Okay, so Chainlink, when I was taking a look at this, da, da, da, da, da, da, da, da, da, da. Let me move this over. The 2021 high for Chainlink was almost 50 bucks. It was $49.16. Yeah, I need to change this. Oh yeah, yeah. The drop in the all-time high. And the all-time low is $5. But watch this. So when we're here, let's go back to 2022. I should go over here. So May 21, it hit it's all-time high, right? This is where I was selling. I didn't really do too much until around right here. Actually around end of January or early February. And what you'll see, let me keep going, what you'll see is that, yeah, it sucks when your dollar cost averaging. Let's do logarithmically. It looks a little bit better. Because these are all percentages. If you're looking at linear, it's just straight at a price, but it depends on how squished it actually is. Logarithmic is an actual percentage from the different price points.  But then over time, it just goes here. And it's at $7.30. And you're just kind of dollar cost averaging in this really crazy sideways action range. And I know people will say, well, you know, should I be doing this? Wouldn't it be great? If I can just pick the absolute bottom point, you can try that. It doesn't work out for me. And it feels like sometimes you're just throwing sand in the ocean. But I did the exact same thing over here. And it worked out pretty well. 44 cents and 36 cents and 33 cents and 24 cents. Again, it was the same thing. I was like, man, I'm throwing sand in the ocean. Sucks. But this is where it all pays off when you get over here. Well, not even over here. When you get over here, I mean, you sell a little bit here.   That's the whole point. But this isn't for everybody. Cause some people will say, you know, this is too much for me and you shouldn't, you should only have best money for the loose. And that's why I say it's all gone. Those are my rules underneath me. Everything's a scam until per otherwise. Don't leave any exchanges.  Don't use leverage and take profits. Those are the rules and those are the rules that have worked so far for me. So yeah, that's it. But to be fair, I am down since investing in 2022. That's just the truth. I think that all these Web3 games will take the money from people. They're just L2 on blockchains, yeah, you know what it's the same thing is like a lot of these Web3 games are just gonna take money from people. However, if you think about it, if you like to play games, then you get to play a game.   Not a big deal. I think it's a little bit different, but you're right. There's gonna be some scams. It's gonna be that way. This is the problem with investing. And this is why I diversify a little bit because you're gonna lose on some of these. That's just how it goes. So, but again, I think that's, there's actually utility for Web3 gaming. Nuno says, yes, altcoins are the crypto casino. That's why people like to gamble. Yeah, see, Red Pan has said, I don't know, I've got it almost a year ago. It's my first real cycle. I'm gonna do this video. It's called the art of dumping. I know, maybe I'll work on a title, but it's actually the art of dumping, how to take profits or taking profits.  But in reality, when you're selling, you're selling it to people and they're getting it at the price that they deserve. So everybody who was here in 2021, you got their crypto at the price you deserve for what you knew about crypto and digital assets. Moving forward, I think you know better and you won't be on that same end. On top of that, when we think about the people that we're selling to, it's not just always like the individual, remember there's institutions, there's big players, there's funds out there that are buying crypto. Now it's true that a lot of them will do OTC, but at some point, you can only get so much OTC.  That's called a free market, let's see. And that's it. All right, everybody. So we're coming up on 52 minutes as a reminder. We'll be over with Randy from Miss 10 Crypto. She's got a, I'm gonna try to convince her to change her name to Miss 20 Crypto, but we'll be doing some Q and A. We'll talk about everything that she wants to talk about and the link is in the description. So meet me over there. We'll continue the conversation and that's it. So like and subscribe on your way out. Thanks so much for stopping by. I appreciate you. And tomorrow, NFA Live with Ben from End of the Cryptiverse and Guy from Coin Bureau will be on this, pretty sure we're on my channel tomorrow. Pretty sure. And a little bit of a different format and I'll tell everybody about that later. So everybody, thanks so much. See you on the next one. Adios.


This just in August is hotter than ever at Appalachian Wireless as they are slashing all normal contract pricing on all smartphones by 50% when you sign up for service. Better service, bigger saving, serving you for the last 25 years at Appalachian Wireless. Thousands of people from across the world travel to Johnson County each year to visit Butcher-Holler and Loretta Lynn's home place and many of them pay a visit to the Van Leer Historical Society's Coal Miner's Museum. Because the Historical Society is a non-profit organization, they rely almost solely on donations and money raised through fundraisers. We get some funding from paintball tourism for, you know, for Van Leer days and that's it. That's all the funds we get. And one of those fundraisers is about three weeks away. The third annual Bankmule Long Hall, half-marathon and 5K on Saturday, September 17th. And money raised from the run will actually benefit several attractions in Van Leer. It's not just the museum. It's the Rooker Park, which is the mini park that we own, and we own the School at Butcher-Holler, and we own some property right down here with our food booth on it where we hold our music shows. Webb says it's tough enough to make the money it takes to keep the museum doors open, but when they have to make unnecessary repairs, like they're doing now from recent acts of vandalism at Rooker Park, it's a tough pill to swallow.  For more information on the Bankmule Long Hall or to register, visit the events Facebook page or stop by the museum. Reporting in Van Leer for EKB News, I'm Shannon Deskins.