Okay, so maybe I'll get at least a warming up. So I'm Wenjing Chu, senior director for technology strategy at FutureWay, but today I'm mostly going to talk to everyone about OpenWallet Foundation, and maybe the first part will be what it is. It's a very new project, it's officially started in February, and then three days ago now, we have the first code contribution or project proposal in our GitHub now. So really early days, and so what I will probably provide is some background information, and some of the ideas or visions that we think of what a wallet means, and how we can think about what are the applications and what role it can play. So that will be a little bit of a sort of imagination, it's not quite reality yet. But hopefully we can at least share and start to think about what are the right ways for this community to be properly formed, and how we run them, et cetera. So we very much like to hear your feedback and questions and any suggestions. Okay, so with that, I had a similar kind of presentation yesterday. A lot of information will look very, very the same. I would probably add a little bit of a slight differences if you happen to be in that session as well. I know at least one person is there, but anyway, so that's my talk here. So again, very beginning, we had the earliest idea about this. It's really coming from many, many of the existing communities, open source, as well as in standards, in a lot of government and other organizations that have been working on identity, for example, and then the financial and banking sector. And all the blockchains and cryptos, et cetera, all have some, you know, a lot of work done in the last, I don't know, at least a decade of time. So there are the really building, a lot of the building blocks of this. And the idea of an open source wallet started in OSSEU in Dublin. And Daniel Gochair, unfortunately, he couldn't be here, really, is the leading person to sort of gather us around under this one banner, right, open wallet and the open source wallet as the focus point. And so that's the beginning of this project. And in this morning's keynote, you will see OpenWallet also highlighted in the AWF Digital Trust Initiative. So here is a diagram of most of the communities involved. I personally worked with OpenWallet, but also trust of IP, know quite well some of the work in hot pleasure, and then confidential computing, and C2PA, which I also am a fan of. I'll probably mention some of their work in the talk as well. Okay, so what is a OpenWallet? And this is my understanding. I present this first time in the sort of open source in finance forum last December of understanding really two things. One is a wallet that we are familiar with. We have a lot of visualization of it. But how about, you know, general purpose, right? Put the things together that I, as a user, I can conveniently use it. So this usability and a personal touch to those are things very important. So that would be one aspect of it. The other one, I think, is proprietary versus open source and open standard. That's a common scene. And even if, you know, a lot of our government organizations or many different communities devote a lot of energy into many building blocks and components of our wallet, until they are really composed together in a convenient package, I think it's going to be a very, it's going to be a challenge for the long run. So we hope that OpenWallet community can be that long-term home to have a sustainability of the projects involved here. I'm trying to look for, like, the initial, like, where the wallet come from. Unfortunately, the examples that people come up with is, you know, these, from maybe Greek words and et cetera, and we have a sack and carrying valuable things with us. And I would like to say, like, in, you know, other than the wallet, we should also consider a purse that may be actually a better name because then you have, you're not constantly thinking about, like, a car or money, but really a sack that you can carry stuff. And so here are some of the examples that we can carry things, digital objects we can carry, carry in the sense of, like, you feel like this is under your control, right? And at the end of the day, it's really about control and how you can make use of them. And so, you know, this chart simply shows some of the type we've been talking about or the community have been talking about, and also different form factors that may show up eventually. So that's also, like, a very important keep in mind. The software program that, you know, the OpenWallet Foundation would like to help curate or integrate and produce, we're trying to explain that with an analogy of a browser. And probably, you know, the middle section is what the OpenWallet Foundation is trying to at least focus on. And so those are the software components that will implement a lot of standards. There are a lot of technical stuff, whether, you know, it's from, you know, from very powerful credentials, driver license, right? Isram tokens, credit card, et cetera. Or basically, all those words and protocols represent a type of system behind it. And they somehow, you know, influence our life, and they need to be visualized and make it easy for us. And so that's our tool to us. That's the role of the wallet. And then the software SDKs in the middle are simply a enabler, right? So imagine some app developer may want to have a presentation of some kind of a digital object. Today, to make that very secure and reliable and, you know, preserving privacy is a challenge. It's very difficult to do. So the software, hopefully, can allow them to have a much easier task for focusing on the application and build, you know, really trustworthy applications. And that can be literally like a digital wallet as an app, or some people call it a super app because it has lots of things in it. Or it can simply be my, you know, sort of messaging app, my games, whatever people are doing every day could embed a part of wallet functionality in it, too. So I want to just make sure that we are not constantly thinking about all these things somehow or unified in some way. But basically, this will be a new framework to sort of unlock, right? I use the key as a metaphor for my title of the talk, but also thinking of that way as a way to unlock a new type of applications. There is a set of rules that governments also want to sort of provide. We think that's also crucial. So two easy aspects of that regulation, one is in the valid or authoritative identity. So naturally, that is a very governmental function. The other one would be, for example, for regulation of a financial services. So all of those will represent some kind of rule. We would like to see those rules transparent and standardized so that we can make that easy for adoption, again, in the app as well as in consumer adoption space. So I think those captures very well of the goals the Foundation want to do. And this simply summarizes the mission statement. We're all working on this. This is our first version. And there's a lot of ifs. Sorry. Someone's listening. User choice, security, and privacy. So I think those three things are quite important in what the software foundation of the wallet need to be. You are all very familiar with this. So I'll probably skip most of it. But I do want to mention there's the one thing that's quite unique. We are trying to start a new government advisory council. So this council is we mirror the similar function in IETF. If you remember internet and also internet governance, the phrase we use was a multi-stakeholder organization. We don't have, we're distributed, decentralized. There's no one authority. But how do we get all the different stakeholders, not just technical people, but also regulation as well as communities and organization who are pushing, for example, the UN's development goals, for example. A lot of those do not have a easy, identifiable representation in our technical communities. So we want to have a space for that as well to ensure that the work we do have a long-term sustainability. Here are our current sponsorships and also the community. So we're really happy to see a lot of our associate sponsors. They are really not just an icon, but they represent many, many organizations who have been working on these questions from many different perspectives. So with them aboard, we hope that we can unify these contributions as well as knowledge we've accumulated in different areas. But eventually, how do we make them represent in code and running code, good quality, so that they can see deployment and use in actual products we build? So this is a growing list. Now let me turn on to see, say, about the role of wallet. So this is why we are saying it holds the key. Again, I find the easiest way would be go back to the web browser analogy. So in the web ecosystem, we've defined a whole bunch of ways to represent these digital objects, or we may call URLs.  So the server has a whole set of things available to that. The client or the browser size are not very secure. Which means that when we, as individuals, operate things in the user interface, we are constantly involved in logins, authentications, authorizations. And then all that system have a lot of issues on security. But also the entire infrastructure is just not built with resilience in it. So a lot of work today represent the patchwork of trying to solve those problems. And so the key, again, to unlock this new opportunity, is really how do we fix that problem on the client? And so if we could have a representation of what that module is, I would say that module probably the best represented by a wallet. Because the wallet, to us, it holds things securely, and it's under our control. So that helps two things, it holds valuable things for us, but also it allows a convenient way to exercise control. And that is really the key for, if you want privacy, that's the key. How do you say no? How do you say, well, you don't need to know that. That way of expression, or basically be part of a protocol and negotiation able to say that, it's extremely important. And we need a way to a tool to do that. And that tool, I think, is the wallet. Consent, we get all type of consent all the time. But really the only way I can see the consent mostly is just say yes. It's really not a choice. Secondly, sometimes they give me a choice, but the choice I have to click and dig into it and go a lot of things. It cannot be automated for us. The other side, server is fully automated. But on client side, we can't. And so that is another way, it's very hard to really go into the consent page and choose exactly what I want. And that's very hard to do. So I would like to see a day that I can set the rules or the consent level I want. And my wallet will automate everything else for me. And so I would never need to see it pop up and stop what I'm doing conveniently. We were talking about open SSF and the initiative trying to get open source code, have a good provenance data. So we know where the code checking happened, who developed it, who tested it. And that sounds easy. We should be able to automate. But one of the key things is identify people who signed it. Basically, this is extremely challenging work to do. It's distributing billions of keys to all of us in a secure, reliable way. That's very, very hard to do. And I think I want to basically post that as one angle to look at why that wallet is very important. And once we do that, we should reuse that functionality over and over in a very convenient way. Because that's very costly to achieve. Once we do that, we shouldn't give it away. And again, it requires us to have something we can hold on to. And that's the wallet. So I hope I touched on most of the things. I'll probably see one more thing. It is also a personal interface, because that will be the app we actually touch, literally touch and do.  And that interface need to be intuitive and convenient and designed for us, not a representation of how the technical protocol works. So how do we conveniently do the right thing by default? I think that's also a major challenge. And I hope the wallet community can help solve that problem too. So in abstract terms, we will say that's a value aligned, privacy centric, and authentic with high level of trust. So hopefully those are the very abstract level we can achieve. So last time, I have no time to talk into this at all. So this is an architectural reference framework by European Union. One of the government that's really trying to do digital ID services to all citizens in sort of like a universal way is the European Commission and the European Union. And so this is a diagram showing their architecture. And in this diagram, the pink ones are regulators. So think of their government agencies regulating how things should be issued, et cetera. What are the rules you have to comply? The first column, the yellow boxes here with the impossible acronym, EAA. That is A, I think, is attestation. Okay, so they're basically like, if somebody give you a driver's license or somebody give you a diploma, where the parties that issue these authorized information. These information are extremely powerful because with those information, all of a sudden that you can basically start to have control of how to use them and exercise and use them for services, right? So the purple block then is the wallet. And so if you look at the rest of the right side, you have a user relying party that's like your merchant, for example, if you're buying things, right? And the wallet provider would be the developer, the product or the app you download, for example. And so all that involve around one thing. If you see all the arrows go, that's the wallet. And so hopefully this is like, even though it's all techno jungle here, but it shows that the wallet is really in the center of a lot of things. So hopefully that picture is actually meaningful. And as an example, I want to acknowledge John Jordan, the keynote this morning. And this is exactly the type of work that I was referring to. That's very successful in British Columbia. And I hope the same thing can happen in EU and many countries. And so that provides one type of really things that we will see in the wallet. And this is an enabling tool because, you know, imagine like I go to a random web page, maybe want to find a t-shirt I want to buy. Today has a lot of issues. We have to go open an account. You have to type in a bunch of your private information plus payment information, right? And so to the merchant, that is a burden for them. To us, it's all our private information out there. Each one is a hacking target. They will eventually will all lose it. It's just a matter of time they will lose it one day, right? So we are leaking tons and tons of information. And there's no reason that they need to hold that information in the back end. So we could have a really a good wallet which will allow these identities to be accepted universally. And that way, we don't ever need to create another account again. So the account will be even if they exist, there will be a relationship between you and the merchant rather than something that happened to be the place that they hold private information. So that database hopefully will go away. Yeah, so with that note, I want to basically lead to basically look at what are new applications we can do with that kind of system in place. Remember, again, now we look at the new architecture. We have all these servers or platforms out there. But we also have our own identity, not an account in somebody's system, but in my own phone. And I'm owning the information that is accepted and believed, right? And so that enable users to imagine all different behaviors and activities that we can do. It also helps the app developers to really imagine new services. So if we want to build an instant messaging or social media or web e-commerce, all of that, we can imagine new ways of doing this things. And they may even be very new business models. So all of these are, I think, within the reach. So I want to just hope I have better pictures of everything. But I hope we've talked about government services. And we were just chatting before this about medical. So Medicare in BC is a public. So every resident can get a car. But apparently, there are more cars than residents. So that is a problem. And that's because these authentication and processes are not very foolproof. And the same thing happened to all the systems we built. So trustworthy digital services allow all of these to run much more efficiently. And then we can see the rules of protecting privacy. A lot of that really into how we can control our private data through the wallet. The second, of course, is the financial services. I'll probably skip this now. We've talked quite a lot about this. But imagine all the different services that's happening. We are seeing more and more that's offered as a digital service nowadays. Yeah. So the third type will be tickets and travel. So these are the things that used to be a piece of paper. It's a holding of some service or holding of some asset. So that representation and all of that can be fully automated and allows the buying and using of that without going through a central system. Authentic content is really interesting. So I want to mention the work that's done in another Linux Foundation project, C2PA. That's a coalition for content provenance and authenticity. So basically, this allows a uniform or standardized the way of specifying metadata. So I know some of the camera manufacturers are starting to put that into their cameras. If you take a picture, the picture comes with a signature on which camera and what time these are taken. And then all the picture processing software allow you to basically authorize or you are the author of the photographer taking the picture, what happened to it, et cetera. So that provenance allow the content to be authentic. So we can help prevent fake media, fake news, that sort of thing, but also allow creators to assert authorship to it. Similarly for software, if we open source software one to keep the provenance, a similar kind of principle will work. And the important thing of making these kind of systems universally convenient to use is that you have a wallet that you can sign things. Without you even need to actually do this stuff, you will be very conveniently doing this. That's the key. OK, digital assets, I want to keep that as well. Health care services, we talked about that. One of the really important problem in the health care service is that what kind of information we need to keep around so that basically your medical record and information, who can access it and who can you share it to. And so with yourself in control, you can allow you to actually making those decisions and services much more easy. It also allows some of the hardest to problem easier to solve for remote medicine. So all of those I think is very crucial. And then literally keys. So keys are our oldest thing that we used to physically carry around. And if we want to make those things digital, we need to be very careful that these things are not proprietary, because anything proprietary I think eventually will become a choke point, will come back and become an issue. I think so that it's very important to see these keys are standardized and we have a portability. So if we want to, for example, use a different service or use a new key or to a new app or that you want to be able to carry your key around and go to a different place. So that's also very important. And control privacy. There are a lot of talking about AI today. Now AI involves many, many different issues related to privacy, also related to fake media. And authentication based on content, for example, is almost impossible now, especially with all the automation that's happening. So if you look at the back end system, how we do authentication. Most of them today, we do intuitive authentication based on, for example, if you receive a phone call, you're still identified person by the voice. And that's going to be very, very tricky very soon. Secondly, we use facial content like that. That's also very difficult. And so when we disclose information, the question is not like we don't know what information we like or not like to disclose. The problem is that decision is made extremely difficult. And we are really not meant to do that, right? Or whatever the scheme they provide today is extremely difficult to use. So in practice, we have no control of what happened. So that need to change. And the best way to change that is flip the size so that potentially in the future, in the wallet, you can specify precisely how I want this to be working. And let the wallet to be your agent working for you. It's like you have a private lawyer basically and tell them what information you're willing to share and negotiate that way, automate it in some fashion. So that's the way I think eventually, in order for us to really convenient to have a meaningful control of this, we will need to automate in that sense. That requires a trusted computing unit within our own control. Like for example, some kind of a token or a smartphone. We've talked a huge amount yesterday on Metaverse and the way that if we imagine all the privacy issues we have today, and Metaverse will make it dramatically hotter. And so I think it will be mandatory to have a strong sense of a private control entity that we directly involve and control with. And that's the wallet or you can say wallet kind of a function that's embedded in your headset or whatever you're working with that allow us to, without even typing and be able to basically through our easy day-to-day motions and expression to express those ideas. So we need to be able to smile and nod and be able to do consent or refusal and negotiation, et cetera. And so those are the things I think it's fundamental if there's any chance that the type of really immersive behavior environment are widely used as a Metaverse will be. And finally, we will talk about a whole bunch of things related to AI and trust. How do the type of, so we can think of it, trust is very, very complicated. It's probably a totally separate, we will have to go through talking about human trust. But human trust is so complex because it's unbounded problem where people will say, oh, there's a contest. But when they talk about a contest, they tie into a particular system design. Unfortunately, we don't design systems. Consumers and users don't design the systems. So the type of trust that is expressed to us are essentially trust that the system designer chose. And to change that dynamic, I think is required to see widespread AI adoption. And that requires us to really start to think about all the type of talk of trust is in the nuance, right? If you go to a job interview or a loan application or all the important things humans do, it's never clearly specified. Because it specifies exactly what happens there. It's what I call a unbounded complexity. Because all the nuances is extremely important. And each time, the nuances may be different. And so how do we use AI, which can actually become quite influential to the way we interact or access information, et cetera, the systems able to produce natural sounding language which will give you a lot of hint embedded in the language itself? So how do we be able to really, in that case, action and interact properly? Are we going to need help? And I think the root of that help need to be built into the wallet. Hopefully, that will become some kind of a core kernel of our agents or applications that then will have a whole new class of applications with this ability built into it. Hopefully, these are some examples you find useful. I have very little time, but basically, this is a summary of more like abstract terms we use to think about new opportunities for consumers. That's all of us. Creators, like people are creating new media and data objects and the 3D models. Music developers who are imagining and designing new applications, and then businesses who run and whether it's, you know, any of these examples we talk about, maybe move to a new paradigm, thinking about the ways that we can make this whole system better. And I would invite you to think about, if you go that direction, what are the core components we're going to need? And I believe that you will see that a lot of that will be represented in this kind of what I've been calling the wallet, right? So that's the important part. OK, so how do we get involved? Here are some of the links for the Bonway Foundation. There's a really nice report that just came out of LF research talking about why the world needs another open source project and open source wallet. And right now we need it really right away. There's a Discord and GitHub. I'll give you some of the, so here's another slide for the report. Please take a look on that. Some of the more of the engineering and technical discussions are happening today. So this is a Discord channel on Architecture Sick. And if you look at this, there's Consensus, Verified Credentials, Architecture, European Identity, the W3C standard for Verified Credentials, Heart Pleasure Errors, DECOM, Trust Spanning Protocol that I've been personally involved with quite a bit. OIX is the UK based consortium that's also working on these. Ramo, it's an open source project for that. Again, UDI notary, that's a key thing. What is a notary? That's how we used to make information trust worthy, right? How do you prove to somebody?  So that's cool. Yeah, Farmworker use case is a cool one. I don't have one here, but we had also refugees. How do they create some credentials right on the site and be able to actually do something for them? So those are all very extremely important. And there's a lot of them. This is happening every week. So that will be a great place to get involved and get started. And I just mentioned some of the ways we're starting code contribution or project proposal as we start to in the GitHub make a proposal. So these are the two that just showed up three days ago, I would say. And hoping that a lot more are coming. We have a big pipeline in the works right now. We will hopefully see a lot of the contribution coming in. Yeah, that's I think I run out of time. But I don't know how much extra time we have, but I open for questions. Anyone have questions? If not, I think the key takeaway would be check out our community. Again, it's very, very new. So if you keep around, we will probably have more news coming around. It's a global community. So you see a lot of European and North American working on bringing a lot of Asia players in as well. We will hope to see this becomes a foundational piece that enables a lot of open source projects and a new application to be able to use the phrase conveniently do the right thing. We know what the right thing is. It's just very, very difficult right now. But we need to change that. Thank you so much.


Everybody mad here for late in sports cards ripping one box of 2023 tops chrome baseball jumbo. This is for Daniel s. Good luck Daniel Josh young rookie Mickey and Logan. Oh hoppy. This is rookie blue refractor auto to 150 There you go, Daniel nice hit great start to your box 28 of 150 a Zeke older and rookie refractor. I'm gonna mag that Oh hoppy All right one pack one mag Not bad. There's Oh hoppy. It's a fuchsia refractor to 399. Miggy Titans Kershaw Kodai Senga Tovar 88 rookie rookie prism refractor Jordan Walker and Nick Prado rookie refractor Yeah, I tell that same story weekly Luke Christopher Morel rookie to bar to our Walker Sometimes my 17-year-old questions my maturity Michael Harris rookie future stars Lenin Sosa rookie prism and Devers Bonn Grissom Francisco Alvarez rookie Spragman 88 and rookie Otto drew waters Chain of clan and Spencer steer nice color coming. There's Riley green Goldie and Tristan Casas. This is rookie 88 gold to 50 Nice card Daniel Bryce Harper Technicolor trout Titans. Oh nice. That is a sub zero frozen factor numbered negative two of zero Josh Bell that is awesome. I saw the border, but I thought it was just like an insert or something First sub zero frozen factor I pulled get that in a sleeve and we'll take a closer look Back just looks normal Yeah, it's a sub zero frozen factor I Think they're the print run is five, right? I think they're numbered Negative one through five. That's awesome. I'm gonna bag that one Great box here. All right There's Kyle Tucker 88 Garrett Mitchell rookie prism and Hunter Brown rookie refractor Wheeler Tristan Casas rookie Gunner Henderson rookie and Cal Raleigh Purple speckled to 299 Evan Longoria prism and Alec Thomas Yeah, you bet Dan. Congrats. Let's keep it going. Let's find you another good hit. What day? James Altman Nolan Gorman rookie 88 and rookie refractor Otto to 499 Brian Saravan Yachty refractor Three packs to go. Okay, we've got the sub zero frozen factor. Let's find a taco fracture now. There's Hunter Brown Libertor Melendez Vlad Royce Lewis future stars Jordan and sale Clemens George Stringer Kate Cavalli your rookie prism Here we go. Last pack know some Alaska's Trout tops in Technicolor Joey Vado Prism and Chisholm refractor that'll do it for your box. Good stuff, Dan. Appreciate it. Congrats on those hits We'll get these right out to you


And I wanted to apply because once I looked on the website I saw that I would have various options of where to work So I've always been interested in local government and everything that entails There's just so many pathways and so many career paths that appears really amazing and chill about everything But also have that professional side of you even if you're remotely interested in local government and Civil engagement. I think it's an awesome opportunity. I believe that the skills I learned not only will be applicable to my life and career but I can pretty much attempt to perfect those skills and teach them to encourage people further down the line and generation from the next. I feel like the next gen ambassador program really distinguishes itself because it provides opportunities for younger generations and I thought that was really unique just because you don't see that kind of opportunity for high schoolers and college students. I've had the chance to network with influential individuals who are passionate about making a difference in our community. These connections have not only expanded my professional circle But have also given me the resources and support to pursue my goals and dreams


Now welcome back to Think Tech. I'm Jay Fidel. It's a 12 o'clock block here on a given Tuesday, and that means we talk about restaurants, restaurants of Hawaii. And let me tell you, I always have lunch before restaurants in Hawaii, because if I don't do that, I get so hungry on the show, I can hardly host it. Yeah, and it's all your fault, fault Cheryl. Cheryl Matsuoka, she is the executive director of the Hawaii Restaurant Association, a very important person. Welcome to the show, Cheryl and Mark Spain. Mark is the executive of the SBA in Hawaii. That's great. Great to meet you. We're going to find out more about you. Cheryl, why don't you introduce Mark? Thank you, Jay, and thank you again for having us on this show. I had to print it out, Mark, so I get the title correctly. Mark Spain, thank you so much for being with us, is the United States Small Business Administration district director for the state of Hawaii, and the territories of Guam, American Samoa, the Commonwealth of Northern Mariana Islands, the federal states of Micronesian, the Republic of Palau, and the Republic of the Marshall Islands. Did I get it? You got it all, Cheryl. And it's an honor to have you on this show. Today, Jay, we really wanted to talk about the Restaurant Revitalization Fund. The portal opened yesterday. The fund has 28.6 billion dollars in it, Jay, and yesterday what I heard, Mark, was a lot of the restaurant tours were reporting back to me. The portal went wonderful. There were no glitches. That's right. So congratulations, congratulations, sir. So let's talk about the SBA for a minute. You've recently acceded to the director of the SBA, Hawaii. What's your background and what's it like being there now in the second year of COVID? Well, I'll tell you what, Jay, I'll give you my elevator speech in less than 45 seconds. Basically, I came to Hawaii in 1963. My brother was a graduate of UH and a good friend of Neil Abercrombie. So I got introduced to Hawaii as a high school graduate. I then spent the next two years doing a little bit of traveling because I did not want to be a student at that time. And so I then decided to join the Marine Corps in 1965, served here in Hawaii in Vietnam, came back in 70, went to work for three nice locations here in Hawaii. Jay, I'll be honest with you, you probably know the name of Lily Yao. She was pioneer of federal savings. She then, of course, merged into First Hawaiian Bank. I was with one of the three organizations for 17 years. Then I came back to Hawaii in 1987 to work on Han Fed Bank. Han Fed Bank was subsequently sold to Bank of America. And then I went back to the mainland and did my own business for about 17 years. And then I caught Agent Orange impacted colon cancer at take a three-year hiatus between eight and 2011. And in 2012, Jane Sawyer hired me to come and join her at the SBA as the deputy district director in 2012. And when Jane retired, they said, well, why don't we put that old marine to work? And I still wear the uniform today proudly. And I do volunteer work in Vietnam as I help the veterans who would like to get over their PTSD. How did I do, Jay? Yeah, and I would imagine that the uniform still fits you, Mark, right? Yes, it's actually here in my office. You don't have to put it on for the show. It's okay. I was just impaired just in case. Okay, so we're talking today about the Restaurant Revitalization Fund. And it's a grant. It's a substantial grant. Where did it come from? Who initiated it? And where is it going to? It's a good question. Basically, we have four elements of this grant. Number one, the down payment is about 25% of what really we needed across the nation. So 28.6 billion is literally a down payment. The Congressional's here in Hawaii know very clearly that we're going to have to allocate more monies. Those are processes, as we understand it, are in works right now. It was created by the legislation signed by President Biden on March the 11th. And that was designed to deal with a very broad center of food delivery services throughout the nation, whether it's food trucks, tasting rooms, whatever. Even if you have a retail bench, if you will, an attempt on your own farm and you want to sell to the public, you're eligible. Those that aren't eligible are those that are publicly traded restaurants or food delivery systems. Also, it includes, of course, any any eligible food delivery service, let's say, like Ruth, Chris, or an Applebee, so franchise, that would be in greater than 20 locations. Where is it going? It's going to help us restabilize. The industry's been very adversely impacted in states such as Hawaii, where the lockdown has been severe. We do know other districts across the nation have not been as severe. And obviously, the restaurants are doing better. Those states are specifically Texas and also Florida. But with the SBA at the forefront of this process, we're very fortunate to have a very efficient contractor who did the IT support. And that's why Cheryl said yesterday we're well on our way toward a million applications based upon the volume that was done yesterday morning and continues. We expect the money to last probably two and a half, maybe three weeks. And the largest restaurant location can get up to $5 million, but no more than $10 million for an entire enterprise, as long as they have less than 20 locations in their network. This is a grant. It's a grant. I qualify and you send me a check and that's it. I don't have to pay it back. That is correct. Cheryl, you must feel really good about this on behalf of the restaurants of Hawaii. Yes. The restaurants of Hawaii are so excited. Jay, I was with Mark yesterday morning as the portal opened and I was getting text messages, people who are in the portal so excited because everybody, our industry was devastated and everybody's looking for that money. Unlike PPP where in the beginning it was mentioned as a loan, this is a pure grant. There's more excitement around it. Our thanks to the SBA for such a smooth portal opening. And now we're just waiting to hear, as Mark says, when's the next step? Will they be notified where the restaurants receive the funds? How fast that's all going to happen? So what is the next step, Mark? If I did apply yesterday and so forth, what happens now? Yes. In fact, I have one example. Carval here, of course, in our restaurant role location, they applied yesterday just like Cheryl described. They've already got their email back that their application was successfully verified as far as its eligibility. Now, the next step after that, the eligibility email return, I am part of 10 pods across the nation who are going to be doing the review and then the acceptance of the application. In other words, a manual look, but all of the system is designed to take care of 80% of it in an automated fashion. So after this letter or email is received, we then expect a processing time that'll be frugal. By that, I mean, we hope to see it done within a 30-day basis. It really hasn't been tested yet, but I think it's ideally going to be done in a 30-day time frame from the time the application email of acceptance was received. So yesterday, the rollout was simply for people to express interest and put their hat in the ring.  Oh, with the good news, Jay, at this point, is the eligibility is why Cheryl is excited. All of the documentation that they needed was uploaded. We have done, of course, extensive webinars about what they should do to be prepared for the portal opening. So really, once the eligibility email is received, all of the documentation is already in the queue. So then it becomes a matter of review. So we make sure that there's no any inadvertent misinformation being provided or any fraudulent information that's trying to be perpetrated on the system. So really, when you go to the four, let's say under four-week processing time, which we'd like to say is a target, it really means that the money will be in their bank account as soon as that process of review is done. And that's the good news. It's literally up to 80% systematized, 20% manual review. So the information on which the review is conducted is already there. What I mean is when you put your hat in a ring, now you've done everything you need to do.  So what are the parameters for that? What elements do you consider to determine whether somebody gets money and how much? I will keep it simple. We basically are looking at 2019 financial data compared to 2020. The 2019 data will be tax return driven. The 2020 data can be a comfort letter from a CPA or the preparer of the individual entity's tax return with their profit and loss statement. With that type of documentation, you're then looking at a review process merely means that yes, the i's are dotted and the t's are crossed. And when we have that process done, we have about seven steps that the system automates through. And those seven steps are documentation. In fact, if we do a program next week, I'll give you a lot more information as we're going into the system this week. And the 10 pods that I mentioned, one for each region that the SBA operates, I'll be directly involved starting at three in the morning to make sure that all of the applications from Hawaii have been properly documented and properly submitted. Okay, so how much money for the restaurants of Hawaii for Sheryl's constituents, for example? How much money is available to be distributed among them? A good question. If we take a look at the 28.6 billion, there is no state allocation per se. It's first come, first serve. That's why it's very important. And our leadership knows it at SBA and the Congressional's first congressman Caheli and congressman Case and Senator Serona, who we were on earlier with this morning, along with Senator Schatz, all know that they have to work with their Congressional's to replenish the pot. We can't wait for a period like on the PPP last August, it didn't reconvene until December. This has to be an ongoing process. Hopefully, the allocation will be more substantial in the next go around. But the estimate was very simple, Jay. Four times the amount of what was originally allocated to 28.6 billion is what is required to satisfy all needs. That's a lot of bread. So what we have to do, what restaurants in Hawaii have to do is make sure their applications are in immediately. So is it done or are there other opportunities, other time limits for restaurants in Hawaii to apply? I think it's really important that everyone can apply now. Those that are in the priority group and I'll articulate who those are. We have the veteran business owner. We have the women owned small business owner. And then we have the socially, which is minority driven, anything other than Caucasian to be quick ended. And then we have this economically disadvantaged. And we have definitions for each of those and they'll occupy the first 21 days of this opening that started on Monday. Anyone can put their application in if whether they are in the priority group or not that I've just articulated. But the process will be very simple when they do the application. We have had one example. I can share with the group that Nexus Lexus is part of the background verification information that applies to our businesses. And they had to open up additional bandwidth and capacity to take the volume of applications that were coming from the SBA platform. A substantial increase within four hours after the applications were opened at 6 a.m. yesterday morning. That's pretty good. So if I apply and I go through the vetting process and all the process involved, how much money do I get? Is it something I asked for or something you decide or is it just a flat sum? It's a good question. Basically, the calculations will be based initially on the financial data. The award amount is determined in the fourth step of the seven processes that I've identified. And that is where the money that comes to you as an award calculation. Now, if for example, if you've had PPP loans as part of your past performance as a restaurant and many have, then those amounts are deducted from the award that pertains to your financials for the grant. Your idle loan is not adversely affected at all. You can still apply for an idle loan. For example, many of the restaurants we've worked with were capped at 150,000. That limit has now been raised to 500,000. Everyone that was affected in that fashion will get a letter of reconsideration for the amount to be adjusted. But that idle loan amount is not in any way going to impact the RRF funding that you receive. Only the PPP will be deducted if you had a PPP loan. And last but not least, I think the most important factor is dealing with the money coming to you will have gone through a strenuous batting process. And when you look at some of the documentation that's required, we want to make sure that if you're a restaurant not closed, we want to take a look at three months of bank statements.  Maybe it's you've been closed until recently and you've been doing a takeout business. We want to be able to show to the reviewers in Congress that we've done our due diligence on the restaurants that are applying. It's really important, however, for Congress to understand 28.6 billion will not cover the need. Just so we extend our acronyms, what is an IDLE loan and what is an RFF? Okay, Restaurant Revitalization Fund, I have a tendency to call it RIF if you pardon my pun. IDLE stands for Economic Injury Disaster Loan and that was the original product that was issued back in March of 2020 followed by the payroll protection plan that followed in its wake. And of course now we're talking about the Restaurant Revitalization Fund.  Can't have both. So one of the things you said that I'd like to unpack is if my restaurant is not operating right now, as of the time I filed my application, what have you, or possibly as of the time it is decided, then I don't qualify. I have to be operating a restaurant or the business in one form or another. Is that right? That is correct. And bear in mind, even though we're talking about restaurants, we recognize that many have chosen to operate maybe only on a takeout basis, like in Hawaii, Kai, where I live. Outback Steakhouse almost operated exclusively with the takeout business, but it was a modest amount of their total revenue when you look back at 2019 pre-COVID. So some have even decided to operate very minimal on hours because of the occupancy limits that we have had here in the city and county. So with that being said, if you've even got some shut, as long as you haven't permanently closed the restaurant, hence that's why the three bank statements are necessary to prove that there's still cash flow coming through your commercial bank account. Yeah, it's too bad because some restaurants are de facto closed. That may not be bankrupt or permanent closed, depending on how you define that. And they may be the most needy of all. So what about them? If I tell you, look, sorry, I haven't been operating Mark because I don't have any money left, and I have a dollar half in my bank account, but I really need the money to start up again. Now, as soon as you give me the money, I promise you I will start up and I'll hire, I'll buy food and get started. You still can't help me. No, that's not really true, Jay. And I understand why you might be concerned about that being eliminated. The key thing is you had a 2019 healthy year. Let's make that presumption. There are a number of examples I could give. Let's say your 2020 year was very marginal, very marginal. It's that calculation that drives the award. The only thing they do not want to do is give money to a bankrupt entity that has filed for bankruptcy, either at 11 or 13, or has permanently closed the business and has announced that. If they haven't announced that, and they don't have a BK in the offering, then that party will be eligible. Oh, good. Okay. Well, this is going to have a tremendous effect, isn't it, Cheryl, on the restaurant industry? Given how many members are you, how many restaurants are there in the state of Hawaii, how many potential applicants is Mark going to hear from? Restaurants alone, 3,600, and all the whole state, Jay. And then you count bakeries, as Mark said, it's not only restaurants that may apply for this, right? You've got the bakeries, you've got the farms that have food offerings at them that we don't consider because there's not really like a sit-down, right? Yeah. Yes. Yesterday, as I mentioned, Mark and I were together in the morning, and we could see the volume of people that were so interested in filing for this fund because it is a pure grant. By the way, I would imagine, you know, in the case of the process for the PPP and the like, those loans a year ago, I recall the banks were in the loop, and then you want to make a loan, you have to have a bank, and the bank has to go through its paperwork, and that slowed things down. And there was some criticism about how the banks were favoring their own existing clientele, I recall that. But am I right, Mark? The banks are simply not involved. So you don't have that element of delay or complication or bureaucracy, you're simply going to make a decision and put the money in the account, right? That's exactly right. And I'll give you a little bit more background on the software. The software was created by Summit Group. Summit Group did the original PPP intake platform for SBA in receiving over 5,400 bank origination systems. So after nine months of use, and when the Restaurant Revitalization Fund was announced in early January, that team of bankers, like myself, who has a background in history, really looked at the system and how we can make it proficient. And the effort has been very stellar, as Cheryl had pointed out earlier. The fact is that we tested the system prior to launch, we gave it a logout type of environment. We made sure that the stress was applied to make sure that the system had no fractures, if you will. We really wanted to make sure that the pilot process that took two weeks prior to the launch date could be accomplished successfully. And that's why the program launched yesterday without any material problems other than the Lexus nexus issue that I mentioned earlier. So ultimately, yesterday and going forward, you expect a fair amount, a lot actually, of applications from Hawaii Restaurancy. You've heard how many there are as potential applicants. How does the SBA handle that much traffic? Because that does put a special burden on you, doesn't it? It's a good question. But bear in mind, because of the PPP experience and having now two launches of PPP from April of last year and then again in January of this year, the automation platform is really making the intake much bigger. It's like going from a dial up modem to go to a 500 megabyte system that Spectrum offers. Okay. So that's the difference if I want to make it real simple. Also, I think it's fair to say that when you add all of the elements of the Hawaii agriculture who want to be involved, no matter what it is, whether it's a food truck, or it's a farm that sells retail, or they do a farmer's market, all of those applicants probably from Hawaii alone, if I were to put an estimate out that's been mentioned by others in the local press, we're probably talking about 15,000 applicants here in the state. But when you take a look at how many applicants that were in the system nationwide as of two hours after launch, it exceeded 100,000 already. So I feel that by the time we get to the end of this week, we have been told by the White House that they will prefer to release the numbers themselves, though we are not able to give you any current application status. But we know it is probably in the seven figures as a guest based upon yesterday's crack record. Just a question that comes to mind, Mark. Suppose I have a farm, you mentioned that a couple times, and I have not been selling on the highway, so to speak. But I hear about this, I hear about the fund. And I say, gee, what a good idea. I'm going to sell on the highway right now. Qualified? No. Has to be in historic participation, historic qualification. It has to have a 19 history, 2019 history, tax return in this case in a 2020 comparative. And that's exactly where it really gets right down to. You can't start it based upon the grant program being launched yesterday. It has had to have had an existence. There's three different calculation methods that we can go into detail that Cheryl is aware of, and those that have experienced the process. Those three calculation methods give you variations of the 19 and 20 comparison. I won't go into elaborate detail, but they're available on our webinar that we will be doing throughout the coming days on how to really work with the Restaurant Revitalization Fund. Dana Haunio are people at the Women's Business Center, our Small Business Development Center colleagues, all of them are participating in outreaches that help explain the application process successfully. Yeah, that's my last area of inquiry. So obviously you're interested in getting the public to know about this. You want to have a robust response. You want to have Hawaii get a spare share, I suppose, of the money and apply early. So what are you doing to make it known to the community, the restaurant community, and anybody who might qualify? That's a good question. We're working today, for example, at 10 o'clock local time. We launched a webinar with the assistance of Mary Dale, my colleague who is the outreach and marketing lead for the district. And then we had Dana Haunio from the University of Hawaii. Dr. Haunio was there to give the illustrational examples. We were statewide on that meeting on Teams. And we also included the city and county of Honolulu dealing with Jill Chapman, who of course has been a very critical part of getting the word out. We do have a program, and I'll break it on think tech right here. We're going to be hosting a community navigator. Community navigator will be to enlist a greater number of nonprofits so we can become more granular in the community of sharing not only the restaurant revitalization fund, but also other programs that perhaps haven't reached down to those that are underserved, no matter what the island, whether it be Kauai on the North Shore, or if we go to the upper northeastern coast of the big island, we're going to have a greater number of people in the field. I as a retired Marine called an operation footprint, and we're going to expand the SBA footprint in ways that has not been done in recent years. And frankly, we couldn't do it without community navigators, or we call community partners. And that'll be a program that you will see launched and officially identified and funded by Congress in the month of May. And we're going to expand the name of our district to Hawaii Pacific Island District office because we're going to cover all of those areas that Cheryl mentioned at the top of the broadcast and where we have not had a presence. And now we are going to have a presence. This Marine will go back to areas that he saw many years ago. That's great. Great. Well, across the Pacific, it's so important that we reach out for them. I take it also from what you said that nonprofits who deal in food distribution also qualify. The nonprofits don't qualify in that regard where they're going to qualify as helping and getting the actual allocation, Jay, that's been done by Congress. Now the regulations are being written is a $100 million allocation to help community nonprofits get involved with the SBA's message. And that is more than just food. It could be anything the nonprofit does to help the community. Right. Okay. We got to talk, Mark. We got to talk. Okay. So what about your website where people can look and apply? What is it? What's your website? The best website really for the restaurant program is restaurants. That's plural. SBA.gov. That will go straight to the landing page within the SBA.gov website that will give them the information they need and the necessary knowledge information to do a successful application. Also, as we did with the Blaisdale yesterday with Cheryl, we were working hand-on, first-on, one-on-one relationships where our counselors were there and will continue to do that as demand, of course, is experienced. I think beyond that, what we do expect within the community navigator program is not only to talk about restaurant revitalization, but also talk about other areas where funding and access to capital can maybe be explained in greater ways that has not been done. I'll go back maybe 10 to 15 years by our agency. We are committed to make a difference in our communities. Oh, that's great. And so is Cheryl. And I wondered, you mentioned your partners out there you are collaborating with in the community. And I guess what you're also telling me is that the restaurant association, the Hawaii Restaurant Association, is one of your partners. Cheryl is one of your partners. Absolutely correct. And we have found that others have asked to come and get involved, the Women's Business Center. We want to offer technical assistance under the community navigator program. So we just look forward to bringing a lot of nonprofits into our O'Hana. That's great. Cheryl, this is all great. It's good for the restaurants for sure. This is really going to put the restaurants back on their feet, I think. And I'm happy to hear about it. Thank you for discussing it with us. Cheryl, can you talk about what it means to the Hawaii Restaurant Association, what it means to be a partner with the SBA on this, and your website, what you're putting on your website and the activities you're engaging in in order to advance the program? Yes. On our website, we'll be having the link to the SBA website. We would like to thank the Small Business Administration, Mark Spain specifically. This gentleman, you talk about the Ever Ready Bunny. He is constantly out there on these webinars. Yesterday, I think his day started at 3 a.m. When I saw him at 5 a.m., he was going strong. And it's because of partnerships like this. And as we know, our restaurant industry and food service industry was devastated. So this $28.6 billion we get will go quickly. So as you said, we want to work with our national delegation. We want to thank them. We want to thank President Biden for approving this. And we really want to thank Mark Spain and the SBA for our partnership, because it's been so refreshing and so wonderful to have a partner like the SBA. All true. All true, Cheryl. It's really wonderful to hear about this program. It's a new time. A lot at the end of the tunnel. It's going to mean a lot to Hawaii. Hawaii has so many restaurants as part of its hospitality industry, but also as part of its social fabric, as you know. Well, I think, Cheryl, this is a great show you've put together. I really appreciate it. And as I said before, we started, you are indefatigable to the point where you may want to consider listening in the Marine Corps and appreciating what Mark is talking about. Thank you, Mark. By Mark Spain, Cheryl Montzvogue, a really wonderful discussion and a great program. And I hope people make advantage of it as they should. Aloha.


Hello friends, I am Sanjay Gupta. In this video, I am going to demonstrate you how you can print these two patterns with C programming. You can note my information. If you want to follow or subscribe my YouTube channel, you can use this link that is youtube.com slash sanjaygupta underscore tech school. You can download my Android app that is TechMS which is available on Google Play. Now coming on to the pattern. First I have to demonstrate you how this pattern will be printed. So you can see here some space is available and then digits are printed. So you can analyze this with this table. Here you can see I have used hyphen sign in place of space so that I can count how many spaces are required to print this pattern in each row. So you can see in first row spaces are four and digits are one. Then in second row three spaces are required and two digits. Then in third row two spaces and three digits in fourth row one space and four digits in fifth row zero space and five digits. So here first loop will be for printing spaces in each row and second loop will be for printing digits in each row. Then third loop will be required to control in which row these spaces and digits will be printed. So now you can see this code here first loop is available which will repeat n times n is received through this print f and scan f and n is representing number of rows. So first loop is starting from one it will repeat n times so n number of rows will be displayed. Then first spaces will be displayed in first row through this loop. So suppose n is five and first time i is one so this loop will repeat four times and four spaces will be displayed. Then through this loop this loop will repeat k times and digits will be printed through this loop and here if condition is available. So here i is representing row number so if row number is divisible by two then it will print zero in each zero in a particular row. If i is not divisible by two then one will be printed in a particular row. So you can see the pattern in odd rows one is printed and in even rows zero is printed. So if i is divisible by two then it is even so zero will be printed otherwise one will be one will be printed. Then after completion of k new line will be displayed through slash n so this way first pattern will be displayed. You can see the output you can compare it with this pattern both are saying now we have to print its reverse. That is in first row five one then four zero then three one two zero and one. So for this I just have to modify this pattern sorry this code and I am modifying only first loop. So i equals to n condition is i greater than equals to one and i minus minus so I have just modified first loop. So it is initializing i by n so suppose n is five so i will be also five then this loop will repeat zero times because five minus five is zero. And k loop will repeat five times and it will print five times one because i is not divisible by two so one will be printed five times. Then k new line then i will be decremented so its value will be four then second time five minus four it will print one space and i loop will be repeated four times. This time i is two sorry this time i is four which is divisible by two so four times zeroes will be displayed so this way reverse of the pattern will be displayed on console. Again i am entering number of rules as five now you can again compare the output both are same but this time pattern is printed in reverse order. So friends I hope you have understood how we can print both the patterns with the help of nested loops in C programming. If you want to watch more programming related videos you can follow this link that is youtube.com slash sanjaygupta underscore tech school. Thank you for watching this video.


It has been an interesting, yet pretty boring week overall in the crypto market. We opened up the week with a new low of $32,000, it was around $32,900 to be exact. And then fought our way all the way back up to almost $39,000 before eventually leveling out and kind of, you know, sitting where we currently are right now, which is around that $37,000 area. So today we will be taking a look at these charts to see if there's anything that we can be expecting over the weekend. We'll take a look at how the market structure is looking now. And we're going to cover some breaking news in the Bitcoin space today. Bitcoin legal tender in the US. Let's go ahead and dive right into today's video. Hey, what's up, Jay here, and welcome to Bitcoin Daily. We bring you guys the best tips, tutorials and ideas to help you guys become profitable and successful investors. The goal of this channel is to empower you, the community with the knowledge and resources to help you get your wealth up to that next level. So if you guys are new to the channel, consider subscribing, turn on notifications. And if you enjoy this video, make sure to smash the like button helps us a ton with the algorithm. And of course, if you have any questions, drop it in the comments. Let's jump right into the video. So let's go ahead and start with the news yesterday. The president of the United States, Joe Biden said that he wants crypto rules as a matter of national security. The report says that the Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as a matter of national security. The national security memorandum is expected to come in the next few weeks. They will be analyzing digital assets and assembling a regulatory framework that covers cryptos, stablecoins and NFTs. Do you guys think this is good or bad? I think it's all going to depend on what type of rules exactly are they going to try to come up with because the last time that they had a hearing to talk about cryptocurrencies, they did not seem to really get it. They did not understand it. I was surprised at how little knowledge they had. So how can somebody that doesn't have a lot of knowledge in the space and really get it and understand it? How can they create rules? That's like me going to play cricket. I've never played cricket. I don't understand cricket, but me just going out and being like, okay, guys, I'm going to create all the rules for this entire sport. Basically the same thing. If the rules are too strict or harsh, it could definitely stifle innovation and creativity and it will probably lead to people and tech companies leaving from places like the United States to other places where they don't have those type of rules. So we will keep an eye on this report. We will see what happens. Let me know what you think about this in the comments. In other news, a bill is being introduced in Arizona to make Bitcoin legal tender. Yes, this is official, guys. This is the official website where the bill is being submitted. You can see here the legal tender definition. It consists of any medium of exchange that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues. Now the reason why this is very, very interesting to me is because two days ago, the IMF was urging El Salvador to drop Bitcoin as legal tender. The IMF director stressed that there are large risks associated with the use of Bitcoin on financial stability, financial integrity and consumer protection as well as associated fiscal contingent liabilities. The IMF was urging authorities to narrow the scope of its Bitcoin law by removing Bitcoin status as legal money. So it would be very interesting how the IMF would react to if something like this happened right within the United States. All right, guys, so let's dive into these charts now. So with the month coming to an end, you can see that so far in January, we are down 19.25%. From Bitcoin's all-time highs, we're currently down about 45%. And the lowest that we've gone from its all-time highs was 52% earlier this week. So looking at where we are right now on the monthly, you can see that we fell below this big, big support area that we were watching for a while here. And unless we get back on top of it, it's going to be difficult for Bitcoin to jump up and continue up. However, although that is a strong resistance there at this point, if we do break above it, we should be expecting something similar to what happened here before. So remember, last time we set up an all-time high up here that was around that $65,000 area before having the massive pullback was about a 55% correction before bouncing on this support here and basically starting another leg to the upside. So with that move to the upside, we set up a new all-time high before yet again dropping for another 50% pullback correction this month. So although we've lost this main support that we had here, there is still a possibility to keep this structure intact. Remember on Monday's video, we spoke about we still have a higher low here as long as we don't go below this lower low or this higher low of $28,800, the structure is still actually intact. This is still higher than this right here. So that would be considered a higher low. So what could happen here is something where we go like that, correction, wave two, right? Correction, we can have a wave three where we could possibly set up a new all-time high. If we zoom into the daily chart here, you can see this very, very obvious pattern here. This is basically an M, right? So what exactly does that mean? It's basically an upside down W. Now why would it be an upside down W? Because most of our investments are probably upside down at this point. So if we look at it upside down, it's still letting us know that we're still winning. So it's still a W. I'm just kidding, guys. If we take a look at the weekly here, you can see that the pattern that we've been watching is still intact. Remember that we broke beyond it on Monday? Well, we are about to close inside of it. So this falling wedge pattern is still intact here. This is a very, very big falling wedge pattern actually that started since back in November. Another thing that you can also see here is that we're holding on to this Fibonacci retracement level. That's the 50% level we're still holding on. So remember, we've spoken about these levels before. And basically what we tell you guys is that if we lose a level, usually we test the bottom of the level because we jumped back up and above the level over here. It means that we don't have to test the bottom of this level at this point. So if we were to lose this level, then we would probably be testing this level. And what level is that? That's around that $28,000 level that we went to last time that we were down here. Right? So you can see last time we lost the level right here, we tested the bottom of the level before eventually continuing up. So so far, so good. We're holding up as long as we stay on top of this level, we're probably going to test this area right here. And it's going to be very important. Now of course, this Fibonacci level is also important, but this right here is probably going to be the ultimate test because there we have two different resistant levels. We have this huge resistance here that's been holding us back since November, which of course would also be the breakout of the following wedge, a reversal pattern reversal signal. And then we have this huge, which was a previous support here that would now be a resistance. Maybe the momentum from the breakout of this following wedge would get us right over it, but it is going to be something to watch. We are going to need to break basically three different resistances in this area. If we want a chance to retest that $50,000 level and then possibly newer all time highs after that. So that's the first level that we're going to be watching here. If we continue on the way up, now that level would be up around that $40,000 area. If you zoom in more into the daily here, you can see how we've been green so far this week since we got that oversold signal down here. Remember, we spoke about this on Friday. We spoke about this on Monday. We told you guys, there's no way that it can continue being oversold. We need to see a move up. If it's just a relief rally, even if it's just a dead cat bounce, we need to see a relief up because if you go back into history, you will see that every single time we've been oversold, we've always had a rally back to the upside. It never stays oversold on the daily. We showed you that most of the time we get a rally back within a week. If you look here, we went into oversold on the 20th and we got out of oversold on the 26th, so it took about a span of six days and now we're back out of that oversold area. So definitely a at least short-term bullish signal here. We're seeing a move up. We're seeing momentum back to the upside. We got back above this big level. We've held the bottom of the falling wedge and now we have a shot at retesting the top here, which sits around that $39,000 to $40,000 area. A break above this, then of course we have this $42,000 area, which is a previous big level and we have what used to be the big support here, which will now be a resistance. But again, the momentum from breaking out of a falling wedge could be enough to catapult us back up and above possibly $45,000 and at that point, we would be retesting the $50,000 to $54,000 levels. So trades that we're going to be watching are probably going to be a breakout above $38,000 is maybe a level that you could play. You have to use caution here because at any time it could just easily dump back down. You can see that it happened here a couple of days ago. So $38,000 is a key level though. You can play that in either direction depending what your sentiment is. If you think that we can continue up, then 38 is an interesting level to play for a long position. If you think that we could go down, then if you see a break above, you should set a short sell order right below $38,000. So if we get rejected, you can enter that trade and write it back down. Because of course at $39,000, that's when we reach this level here. So there's going to be a lot of resistance. Of course $40,000 is an important number as well. It's a big whole number. We should see a lot of resistance there as well. If we take a look at the order books here, you'll see that there's a lot of buys at the $35,000 level currently. Then the next spot after that is $32,000. And then beyond that is sitting at of course at $30,000. That's where we have the most massive buy while currently. Of course as price changes, all these orders can change at any time as well. If we look at sell orders, there's not any one level that just has like a massive, massive amount of sell orders. I guess the biggest one from what I'm seeing here, what it's showing me, it's way up at $44,000. Everything else is pretty much just kind of small orders at this point. So I'm not seeing, you know, any huge sell walls right now. That's pretty much it for today's videos guys. I hope you enjoyed it. If you did, make sure to smash that like button. It helps us a ton with the YouTube algorithm to get this out to as many people as possible. Helps the channel grow, helps the community grow, so to win-win for everybody. Also if you're new to the channel, make sure to subscribe, turn on notifications. And of course, if you have any questions whatsoever, drop it in the comments. Also if you watched this video to the end, let me know in the comments that you watched it. I appreciate you guys so, so much. I'll see you guys on our next one. Have a great weekend. As always, peace and love.