Cryptos Pop & Stocks Drop
AMC, GME, LCID, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 161
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We hungry and i eat crayons every day with my friends, i think about kenny in his ivory tower, shaking in his lily bones. As the start breaking money and my brothers, the fathers and the lovers, we don't need another fan because we huddled through hard times give us the fucking money. Moon gang, hello, hello, hello, welcome back all my astronauts, my apronauts, whatever you want to call yourselves today. I hope you are having an absolutely phenomenal morning evening afternoon night.

I don't know where you are. I don't know what you're doing but hey. Let's talk about some moon stuff. Let's talk about a little bit of space travel uh, some exciting things going on, and i mean we're gon na get into it heavily, but shebe is taken off if you are here, because you are a a um, a proud member of the sheba army.

Let me know, let me know hashtag shebarmy, let's get something going in chat, let's get everyone a little bit excited today, let's see what's going on, i want to know how many people in here are particularly excited that over the past i don't know day. Shebe has successfully run a nice 35 35 in a day, a nice technical breakout heading to a region of resistance. If we get this break above 60 man - oh man, man, oh man, oh man, oh man, i'm excited, but before we get into all the i guess stuff going on in the stock market, the kryptos market. Let me know, let me give you a quick update of.

What's going on in the market of matt coors's health, so, right before this minutes ago, i was attempting to fix my nasal congestion and a friend of mine had suggested kind of it's like a neti pot, but it's like a neti pot on steroids. Basically, you fill up this contraption with like a saline solution like warm water, a saline solution and it has like two plugs and you like to shove it into your face and you turn it on, and it's just like water in water out, and it's just going Through your like nasal cavity, i forget the name of it starts with an n, but in and out i felt like i was like it's like a very loud, and it goes on for quite a while. I felt like it was like trying to like drown. A robot like it was weird, and i just like it.

It was like on the edge of drowning, but not actually drowning. Apparently, that's how you fix your sinuses is like you walk right up to the edge of like we might murder you, but we're not going to and in the end we're going to help you out with like your congestion. So it was a weird experience and i don't know if i did it right. I don't know if you're supposed to be like, like water, slowly coming out of your throat and like you questioning where you've gone wrong in life, but it was one of those types of deals.

So maybe i didn't do it right i'll, keep i'll keep you updated on that anywho. Let's talk about some stock stuff so, as you can see red red red red and some red oils down, so in a certain way, you could say that's actually good we're at 67 a barrel, but everything is right across the board and this actually just came out Right now, home prices hikes finally slow down. According to s p case schiller schiller are we are we going to believe this? I mean shields in the name. I don't know we'll leave that up to someone else.
Home prices rose 19.5 in september year over year, down from a 19.8 annual gain. In august, the 10 city composite rose 17.8 percent from a year ago, down from an 18.6 percent gain in august. The 2060 composite gained 19.1 percent year over year down from 19.9 cities. With the highest price, increases were phoenix tampa and miami.

Now, if you are a homeowner in phoenix, tampa miami. Congratulations, if you are a home buyer in phoenix, tampa miami, that's that's a tough break. That is definitely a tough break for you there. So the hot buzz from yesterday was cyber monday online sales uh.

Unfortunately they were a little bit lower, but not too bad. 1.4. From last year to 10.7 billion i mean that's, we're still talking almost 11 billion dollars falling for the first time ever now. I think.

That's the interesting part so, on black friday, sales were down but kind of expected people not really returning to their normal purchasing habits going out uh, but this cyber monday, like it's kind of like well everyone's home anyway. It is this is interesting. Um, i'm trying to make sense of it, but the fact that this is the first cyber monday to go down not the biggest drop one point, four percent, but down. Nonetheless, when anything, if cyber, if black friday was down, you would think that cyber money is going to be higher, especially if everyone's like going to be doing their like, i guess, indoor shopping, so it really kind of makes you wonder.

Alright, like our retail, not feeling as comfortable as previous earnings reports suggested so before we had kohl's, we had macy's lows home depot walmart target, all those beat all those were looking pretty solid and at a certain point that was flagging, hey no, the retail public's comfortable. They are spending, consumers are doing what consumers do they're consuming, but this is kind of a piece of news. That's a little bit different, it's saying actually, maybe not so i don't know we're getting some differing information. I wouldn't say one is necessarily right and obviously the key piece of data because, like i said all these other big spenders, walmart um home depot, lowe's coals macy's, those are just a few of them that i'm thinking of they all did well.

So spending was abnormal. There, but it's abnormally high there, but it's abnormally low here on cyber monday kind of interesting a little conflicting data just want to bring this on your radar, but really what's driving the market. Right now is everything related to the new variant. I realized in my update video yesterday that i'm not allowed to say that word apparently, so i made a youtube video yesterday, just a market update - and i said this word and the c word i said the o word and the c word a couple too many Times apparently - and i think a couple too many is literally just above zero and youtube is like no way no, how we are not promoting this video, we don't trust people in t-shirts.
Talking about the o word or the c word in their basement, um so kind of interesting, we'll have to think of like the way of like how we started talking about marinara to not get in trouble with youtube. Um, we're gon na have to think of a fancy way to talk about the c word and the o word, but the o word, as it's related to the c word, is causing a lot of people like at first. They were really nervous last week over the weekend was fine, and now we are returning back to being apparently scared, and it relates to the ceo of moderna telling the financial times. He expects a material drop in current vaccine effectiveness against the o.

Word the oh man. I got ta think of something uh whatever this is you guys know what i'm talking about. I'm highlighting it right now, but hey youtube overlords. I'm trying to play ball with you, but we'd appreciate a little less a little less censorship shout out to everyone watching on twitch, shout out to everyone watching on rumble, where i'm a little bit more free to be myself a little bit more free um, but anyway.

So this is why it was negative, positive and we're back into the negative uh people are worried about the effectiveness and, to my reason, to my understanding or what makes sense, the reasoning in my mind. I'm no doctor, i'm no scientist the amount of mutations on this. Someone just said a decepticon, the decepticon variant here, quite a few differences. So a lot of these variants, it's a minimal amount.

This particular one has over 30 different and as it gets farther and farther away from like the original one that we have the vaccine, for it does make sense that it's less effective. That's the reasoning that people are putting out there. Obviously, with this you got to do your own research, you got to figure out, what's best for you and your family, i'm just trying to talk a little bit about like the science of what's going on. In addition, preliminary tests, uh of current rona antibody drug cocktails from regeneron and eli lilly, indicated less effectiveness against the new variant.

So yes, right now, people are starting to talk about what's going on just before it started. The first decepticon case was found in japan and i also believe the first one might have been found in the netherlands uh that was reported early this morning, so things to consider pay attention to um. In no way do i think it's healthy to fear, monger and be like this is it. This is the end.

No, let's be realistic. Let's stay on top of it. Let's it's gon na take about two weeks to my understanding to get good, viable data of where we can see the efficacy of certain vaccines. We could see the transmission rate.
Hopefully, hopefully, we never find out the data of like mortality rate. I'd prefer to not even have to know those numbers um. Let's, let's try to be our best to be realistic, let's not sweep it on the rug and say it's absolutely nothing, but let's also say it's not like the black plague. Let's try to be realistic.

Stay on top of the numbers and then understand how it's going to have an impact on the market and where we see potential opportunity pretty much. All five of the major updates today are gon na end up relating to the decepticon variant fed's pal, to tell senate new variant poses risk to economy, so this is happening today. At 10 am jerome powell, the re-elected federal chair and the treasury secretary secretary of treasury. Janet yellen will be speaking at 10 a.m to the senate.

This is some, i guess already commentary front pal. The recent rise in ronin 19 cases and the emergence of the decepticon variant pose downside risk to employment and economic activity and increase uncertainty for inflation. Greater concerns about the various could reduce people's willingness to work in person which could slow progress in the labor market and intensify supply chain disruptions. So this was prepared remarks that, like obviously he'll, go in more detail, but these were already public prepared remarks that is going to be stated today in front of the senate.

Once again, that starts at 10 a.m. Fda panel to consider merck's covid anti-viral pill. If that goes through, obviously merck stock will go to the moon biden says he doesn't expect more travel restrictions or lockdowns. Let's hope that it stays that way.

If anything, i think that's just hey you're calming people down like attempting to not fear monger commentary. I don't anticipate that at this point, in reference to any additional uh lockdown, the degree of variance spread will determine whether more travel restrictions are necessary. So we got to stay on top of it, but speaking of supply chain and all that related stuff, ftc orders, walmart and amazon to provide supply chain information, they're, so they're attempting to see this is very interesting. This jumped out at me, i'm like that's weird.

Why does the ftc? Why is it jumping in on walmart and amazon and at first right here, the goals of the study are to determine if supply chain problems have led to particular bottlenecks and right here. So that's like the nice thing of like okay, like we're just trying to see like what's going on. Maybe we could help out, but really anti-competitive practices or higher prices. So, almost if in the craziness of the world, if walmart and amazon have been like engaging in anti-competitive practices um, i would assume that the answer is yes because like when you see an opportunity as a big business they're going to take it very interesting that the Ftc is looking into it.
I don't know if this storyline has any legs. I don't know if it's going to go anywhere, but it would be interesting, and i just i thought it was noteworthy that they they included this and that the ftc is looking into them. Walmart amazon for anti-competitive practices muscling out the little guy, i suppose all right before we get into the some of the other. I guess crypto related stuff right now or excuse me, amc trading at 3640 gme at 202.50 and we have prague at 303..

One quick comment on prague: it was awarded an additional patent this morning, uh this one related to the counting of i believe what is it? Nucleic acid model, so another fancy, schmancy big brain patent for prog, and on top of that i think tesla also got three patents, one of them related to solar panels, the other one related to batteries and the third one. I forget what that patent is honestly um. So those are some patent announcements so program announcement. Tesla got three patents in terms of amc and gme from ortex.

The short interest on amc is estimated to be 16.3 percent. Utilization 74 shares on loan about 86 million in terms of gme. It is up to 11.3 percent utilization 28 shares on loan 6.4. Now i addressed this a little bit yesterday, more so in the update, video and people right away are they're doing that they're doing that thing where they're like hey, i want views and i'm going to sell you bullshit to get those views when i'm relate what i'm Referring to is people are using the finviz data of saying that it has a short interest of 115.

It's it's the chance of that being accurate, is extraordinarily low, and my reasoning for that is. We have data from november 15th. That puts the short interest at 11. This is stating that from november 15th, until now, it's gone up by a hundred percent um.

Is it theoretically possible? Yes, is it at all likely? No, and on top of that, i just don't believe it, because no other data source uh is confirming this hundred and fifteen percent. Besides finvis, it seems to be a data error um. So i'm not saying it's absolutely wrong. I'm just saying it's highly unlikely and what i did yesterday was i emailed finnvis to ask them.

I said: hey where's, your data. Is this an era? How often do you update it so as soon as finvis gets back out to me, i will let you know, but beyond this i don't think this is like a one-off thing. I think it's a platform thing because don't just stop at gamestop, i looked at gamestop. I looked at amc, apple, tesla, microsoft.

All of them were off every single one was off. None of the short interest of free float reports on finvis matched anything else anywhere, which tells me something is a little bit wonky. It wasn't specific to one stock. It was like, i said there was a degree of error across all of i checked, like 10 different ones, and none of them seemed to match up with the bloomberg reports with ortex uh with s3.
None of them were matching up. So i the fact that when it's one thing, if it's in the ballpark, because yes there's like a certain degree of error in a certain degree of your own predictive model, but when something is completely outside of the realm of s3 or tex and unusual whales. If it's not even in the realm of those three, it makes me really really question it um. So, but once again i don't know as soon as finvis gets back out to me.

I will i'll let you know what they say, but i emailed them yesterday to ask what was going on, but as of now, i prefer to use a combination of the numbers between unusual whales, s3 and ortex. I think those three are very good data providers and like when we kind of see that they're all somewhat in agreement they're never going to be spot on. But when they're somewhat in agreement, uh, i'm gon na take the combination of those three numbers over uh. The one-off numbers from fizz and viz, especially because that's a free service and short interest data, is extremely expensive, so i don't think they're going to be giving out accurate information for absolutely free.

It's just it's very, very expensive, but once again, when we get the update i'll, let you know i will let you all know. Let's talk a little bit about crypto the bell of the ball. Bitcoin technical, breakout right here: 58. 000.

I like this. It was down trending down trending down trending uh, we bounced off of 53 000. We got the technical breakout. The first thing i'm really looking for for this confirmation is for to get over 59 445 when bitcoin gets above that closes above it on whatever time frame bar you're at i'm, going to be very excited, ethereum.

Looking great, it's pushing 4 700 right now, 46.60. A little bit instead of the downtrend, it was sideways trading. I'm looking for the break above 45 would love it to see like it looks like it's on its way back to testing the all-time high just below 5000. shebe phenomenal, but before we get into that solana.

Also, looking good solana bouncing off of 190 at 215., i want to watch this 230 235 level matic, making its way back to hopefully two dollars. We have loop ring uh kind of flat. Right now would love to see this get back above three, we have cardano uh right now, downtrending to 160.. So i think, there's a little bit of like information.

That's getting overstated about cardano, i'm still in cardano, i'm not giving up on cardano, but right here, etoro to d-list cardano by 2022 for u.s users due to regulatory concerns. So that's all it is by the start of 2022. Users will now be no longer be able to open new positions in the tokens or stake them. Additionally, while it's holding the assets will effectively be in withdrawal only mode until the first quarter of 2022, when the selling will also become liquidated so etoro.
If you look into the number of etoro doesn't really represent a large amount of cardano trading. So i think this is it's not a drop in the bucket, but it's pretty similar to it, and it's literally just for the u.s people with regulatory concerns um. But once again, most cardano is not transacted through etoro um. If you look at the us residents using etoro for cordano, it's a drop in the bucket.

So yes, this is. This is not fake news, but i think it's kind of small news and it's just kind of being, i think, in a certain sense, blown up as like headlines, like cardano being delisted when you really dive into it and it's it's not it's by no means the End of the world um, i still very much believe in the project and in fact check this out the four crypto currencies to watch in 2022, so she which we're about to get into more detail about what's going on right now. But all these are just kind of competitors to ethereum they're all strong utility-based, crypto options. Solana have it cardano, have it avalanche, don't have it want it we'll be buying it soon, but all these are utility coins like with their own little twists, but they all.

Basically, if you think about ethereum and the fact that it's utility - and you that's what gives it all these options of, like all the the daps, all the nfts, the d5 exchanges, this technology, in my humble opinion, is going absolutely nowhere. Now ethereum is the first mover advantage, it's very popular even right now, if we just looked at nfts, most nfts are built on top of ethereum as of now but ethereum the gas fees, any transactions they're expensive and it's a little bit slow, cardano avalanche. They are all looking to be superior in one of the downfalls of ethereum, so once again, all for the ones we're talking about ethereum solana, cardano avalanche, i am bullish on all of them. I think there is a space for all of them in the future.

Maybe some of them do better than the other ones, but i'm very particularly excited because, in my opinion, especially be coming from the tech world. This is where i see technology heading. I am a big fan of all of these projects, just because i think that's where technology society and culture is all heading is to end up using these - maybe not all of them, but probably most of these strong, well-known utility coins somehow in the future. But fortune is calling out that those three on top of sheba are worthwhile to watch in 2022 and out of all the ones we're discussing the only one i currently don't have is avalanche, but i will be buying it.

I was just waiting to get in on the discount just waiting to get in on a discount, so she right now trading at 52.50 uh up around 35 in the past day, uh nice technical, breakout heading to a region of resistance. Not only is that, but i mean obviously i mean ethereum right now having a breakout, bitcoin, looking good uh solana right here. Let me switch this back over for you. Let me put salon in the bottom right solana looking solid, but this one abnormal nice percentage gains.
What's going on with sheep? Well, this is not the main news but important news. Nonetheless, new egg to accept sheep cryptocurrency as form of payment on newegg.com in time for holidays, so kind of lining up with amc amc accepting sheep now newegg is that's good news uh. I like the adoption from well-respected businesses, so that's positive news, but the main news is right here: shiba enough soars more than 20 after crypto exchange, kraken's listing while achieved whale scoops up one million dollars worth in tokens. So if you rewind to november 1st kraken, put out a tweet and they basically with the response to the tweet, they said we would be listing it.

Pretty much instantaneously did not happen. It got pushed off till today. Today she will start training on kraken, and obviously people are very excited about it. Kraken is a very large exchange and people who have accounts on it that may have wanted.

She previously now have access to getting it. She be new rallied 20 on tuesday bucking, a wider crypto sell-off after kraken listed the coin, but right now all crypto is actually bouncing. The dogecoin inspired token is now tradable on kraken against the us dollar and euro. On top of that, just a little bit about dogecoin um elon said i like a good wine or something like that.

He tweeted that out and people are saying that that is actually related to dogecoin. I don't quite see the connection i guess like if you're referring to like the sell-off in dogs wine, but he likes that. I don't know a little bit weird, but yes, elon is at it again beyond that separate data showed a sheep whale bought 24.8 billion tokens for around 1 million. The further price of the coin will be influenced by several factors at once, one of which is listing on large exchanges such as robinum.

If they support sheba, then we may see new price records. So you know me: i am bearish bearish bearish on robinhood. Most of the things i do not agree with, i don't like i don't know why anyone really uses it, but i do admit if robin hood makes the decision to list shebe. I think that will be a benefit to sheep um.

So even me completely hating robin hood. I do see some of its decisions to be positive, especially if you're a member of the sheep army so be on the lookout for that there was previous commentary from their earnings announcement that, like a lot of people in the earnings announcement at the start of november, Thought robin hood was going to announcement and it didn't so. People were like well kind of questioning it and i i don't know why they're dragging their feet, especially because the company robinhood is hemorrhaging money. It's not a good situation.

It's a dumpster fire of this situation. In fact - and i actually view them listing sheep as a smart business - move to try to help save one of their quarters, but we'll have to see and see if they decide to do that. Aside from kraken's decision to list shiba inu a crypto whale nickname, gimli bought 24.8 billion sheep tokens monday in a purchase worth one million dollars. The wallet now holds 274 billion, shiba inus valued at around 13.8 million dollars.
That's pretty crazy! That's actually super super crazy and those numbers are nuts and i think it's hard for us to even conceptualize how big those numbers are, but don't forget about that. One account around 450 days ago now that they turned 8 000 worth of ethereum into she back when it was dirt cheap, and it's now worth like five billion dollars, uh, it's insane. Some of these - i don't even know like some of these things, are beyond a yolo play like i. We need to think of a word that really, i guess kept.

It captures the entire ethos of a play. That's like beyond just yolo, like 8 grand into 5 billion, and then we have this guy, who has 274 billion uh a 14 million dollar play. This is absolutely nuts, but between new egg, the popping crypto and shebe finally going on kraken and maybe potentially going on robin hood. That's exactly why you're seeing this enthusiasm now from a technical perspective, i think that we are looking in this region between 56 and 60..

That is my next. I guess pit stop. I want to see how she reacts to it a break above 60 and i think there could be an extreme amount of enthusiasm. Within this token.

I really really do i'm watching the resistance at 56. I think it could mess around here, another additional resistance at 60 and then from there. I guess we could watch a little bit of 65, but i'd be watching 78 after that and then after 78, hopefully from there we start knocking off some of the zeros. That would be obviously an ideal outcome, ideal ideal, but just because the enthusiasm and the people who are very excited about, what's going on we're going to leave sheba in the bottom right here, just to see what's going on when the market gets going actually in about A minute man that was a long intro, a long intro, let's get ready, we are 20 seconds out.

What do we have here? Don't forget. William volk has joined the shebe game team, former vp of tech at activision call of duty, william volk. Oh that's, awesome! Dil! I appreciate that. Thank you for sharing that i didn't.

I didn't catch that news uh. Let me open this up. Shiba inu game. Can we discuss the sheep game developer? That's awesome.

All right! We're going to dive into that article right after the market goes: ding ding, ding, ding ding, let's get going folks, the casino is open. All right, lucid, also worthwhile to be on your watch list right now. Lucid is strong at 55. strong at 55..

Folks, if you haven't already uh just very quickly a friendly reminder, if you could help me out with the youtube algorithm, don't forget to drop a like, and if you haven't already hit that subscribe button liking. Subscribing completely free. Just helps me out with the algorithm. If you're on twitch, if you want to hit that follow button, if you're on rumble, if you want to hit that subscribe button and the royal rumble button, all that type of stuff is completely free and it just helps me out with the related algorithms so get This stuff in front of additional people.
I appreciate you. I appreciate you looking a little green on the patent news, lucid, also looking strong, all right, all right, all right, all right and lucid, strong amc, strong gme at 203 patience, patience, patience. What else do we have prong up 6.4? Prague has some distance to make back up. I would love for this to get above that, like 340 350 area, hopefully test five dollars.

Could she realistically hit one cent in the next year? Um? No, not at we. You need to burn more um. The burn rate needs to increase at the current amount of supply. No, it would be uh, not just the most valuable crypto, but it would be like the most valuable crypto and then, like you, could add the number two three and four and like five together uh the supply needs to go down.

So could it hit that the answer is yes, if they burn, but not at the current supply, and they are actively burning, i'm not trying to say that they aren't burning um but like to answer your question like right now everything held constant. Do i see it hitting one cent? No, we need. We need to be realistic about the supply and the total market cap of sheep uh. So, to get there uh we need the continuation of coin burning token burning technically good morning, lord thickham's, i've made a bet with twitch chat that if prague closes below 3 20 today i'll shave, my beard on stream - and i don't babyface meme maker, alright 320 - is The line, let's set up the mean maker line 320, is the bet line.

Sorry to have to break the news to everyone, but if you can smell a far 3d mask you're, not safe, as you think you are they're lying doge man, dan name, it oh brother. What's going on shannon uh instead of the o word, call it futurama, that's the name. The alien race from the cartoon search o word, featurama all right, i'll check that out thoughts on the prague new pat, i mean good, solid, solid, solid, i mean yeah. I i don't know how it would be interpreted in like a negative light.

Honestly, i think that's solid news. Don't forget your t folks, t time t time with map. I have a quick question for you um just from this morning's enthusiasm. A lot of people are interested in cheap and before we've talked about avalanche and solana and some cardano, and when ethereum gets going.

If i can fit it into my schedule, would you folks be a fan of like a standalone like 30 minute crypto show so like the main stock show in the morning 9 to 11, and then we have the power hour show of whatever is going on either Midday or maybe after the power hour, show maybe like an evening like a 30 minute, like crypto, show like what's going on in the world of crypto the way we do what's going on in the world of stock, like a quick like here's, what you need to Know about crypto today, all right we're seeing some fan of that all right. We could do that uh. Someone asked me to switch back to gme. I have no issue keeping it it's just it's not being traded right now, like it's trading, it's just low volume, crypto only okay i'll have to talk to a little bit of my team about that of like the nice times.
So what would you prefer in terms of time slot? Would you like a midday one? Let's refer to east coast time, would you like it between the the morning show and the power hour show, or do you want it in the evening uh? What would what time makes the most sense like an evening wrap-up or like a midday crypto show evening midday five to eight pm evening evening between all right. This one seems to be a little bit split i'll. Do a pull, i'm not seeing uh we'll do a poll all right. I just did a poll.

If you want to answer that. Someone just said 3am and just super inconvenient for everyone involved, including myself midday i get so bored without listening to thickster what works best for me. Don't worry about me, i'm here, i'm here to entertain and provide value to you guys, i'm just i'm just the court gesture, someone asked for gme or text, please yeah, it's around 11.3 percent uh a stark difference from finvis and as of now i believe that finn, Vis is actually wrong. My reasoning for that is it's very different than unusual whales, s3 and ortex.

If you're very different than those three, i just don't buy it. That aka shiba play was a yomo. You only messiah once evening is night time in europe yeah. I guess i need, but then it's probably more reasonable for, like the west coast people, oh man, this is close 56 v chain.

We someone is asking for v chain. What's going on camille, i actually own some v chain, v, chain's, looking decent on the 15 minute. Uh, i very much like this pattern of higher lows: uh we're at the point where you want to see it get above. Let's just call it 15.

uh v chain watch the line in the sand around 15 and hopefully, a continuation of this upward channel v chain. V chain v chain - i own this - i like it um it's not my biggest holding by any means, but i'm still a fan of it for sure for sure for sure all right, she looking good prong. What do we have? That's lucid, isn't even coming down now. Tesla up to 1155, the market selling off the spy is selling off cues down iwm down rivian hit 121 down to 118.

Now nvidia hood man. Stocks are not liking the opening right now whatsoever. Maybe we should just focus on these two prog and cheap yo duck boy top of the morning. Thoughts on apvo, apvo apvo does not look that good to me: uh a biotech company that is just selling off.
I'm i'm not a fan of the technicals on this. If you know something about the fundamentals that might change the story, but i'm not a fan of what i see in the daily chart, naut your thoughts on n-a-u-t-n-a-u-t, same thing, biotech company, that's selling off! I just don't see demand. I just don't see buyers stepping in the buyers are getting crushed, the sellers are overwhelming. In fact, it's never made a new relative high.

Just selling selling selling did the shorts cover on prog i'll, bring up the ortex numbers on short on prague to see where the shorts are at prague according to ortex the estimated prague short interest is nine percent, but going off of that, i want to clarify um For me and prague, i just think it's an undervalued company like if it squeezes that's awesome, i'm not against it squeezing, but i'm not in it for a squeeze, i'm in it. Similarly, to like, i guess in a way, my like long-term portfolio of just companies, i like that, i think, are undervalued thoughts on fisker fsr, another us-based ev play uh. This is looking pretty strong. You know a certain way kind of looks like lucid uh.

It shoots up: it takes a breather. It's basing at 19. we're fighting back trying to get this break out at 22. uh.

If this can break i'm, then watching the recent relative high of 23.60 and from there you actually might be testing the all-time high. Fsr is looking very strong right now, but i mean it. It really does seem like ev, like tesla, also looking good, lucid, also looking good for the past three weeks. I've been saying lucid, lucid, lucid, like i don't know how to be more clear about my bullishness on lucid right now.

I think lucid if it can get above 56 we're testing 63. uh bullish on lucid. It seems like these us based eevee plays excluding rivien it that one well. It was good at first that went nuts um, but the ones that have been trading for a bit longer are all looking pretty strong.

What do i think on icup? What's going on mlev uh, have you checked out alluvium coin? It's an nft game that has lower supply. Then bitcoin will be changing the world of gaming. It's east state! I still have my those e-state shout out. Counselor murray i'll have to write this down.

I actually haven't heard of this one um alluvium coin: eluvium coin got it got it got it got it got. It wrote it down i'll check that out shout out counselor uh, sharp sharks, sharks, okay, i don't know what that means uh. What is this one thoughts on r-e-l-i-r-e-l um seems to be doing a whole bunch of nothing there just no established. If there is a trend, it's actually slightly downward um, but just remember like you're, pointing out that has a high short interest, a high short interest alone.
Doesn't really mean much uh, you also need the price action. If anything, the price action is going, the opposite way. Um. I want to be more clear about this.

Just having a high short interest does not mean it's a good play. It might be one of your prerequisites like a filter or something on your checklist, but this i just don't see a nice moving chart at all morning ape sith lord. I just started trading options yesterday, using a paper account and bought a call option for prague with a strike price of four december 17 thoughts, also any advice on increasing knowledge and options, um four dollars along december 17th. I kind of i like that.

I like that, especially with the patent news now uh prague still has quite a bit of enthusiasm. I i like that play um and i very much applaud you for starting with a paper account that's a great way to get going. Amc to 420 69 shout out uh, what's a realistic for amc december. Sorry, if that's already covered signed online um, i i assume you're talking about a realistic price when it comes to amc and gme um.

I i've never for months now like this, this game of price predictions of like oh, like. Where will it be in this time frame? I don't know i play it from level to level, so i don't think i think in a certain way, it should be like agnostic of a time frame like i just play from level of support to resistance to the next level. If resistance breaks all right, we move up to the next ranch. If support breaks, all right, we move down to the next tranche, i'm not really putting it.

I don't even know how i would put a time frame on it of like. Oh, this price is likely in december, but it it isn't in like february, like that type of thing, i i think it becomes extremely difficult putting a time and a price together um. Maybe someone has better methodology than i do, but for me just seeing what happened between may and june, it was kind of moving. It was kind of moving and then out of nowhere.

It shot from 14 to 72 in the like span of a week and a half, so if anything, it just shows me that out of nowhere, things can happen very, very rapidly. Thoughts on snap over gapping up again can tell if the whales are accumulating or just consolidating um. On snap snap, snap, snap uh, i mean it's at support. You very much want snap to hold 48 snap going below 48 tells me, you'll be seeing 43, maybe potentially 37, maybe even 34.

um snap is at support. You want it to hold 48.. You want there to be a lot of a commit accumulation. Are they accumulating? Now well yeah a little bit, but then it comes to like you care about the degree of the accumulation as in.

Is it going to bounce off of 48 and recapture 52 52? Basically uh snap, it's a worthwhile play probably to watch right now. I don't know if there's like an obvious position to take on it, but uh be careful with it for sure. Have i heard of fluffy coin, i have not heard of fluffy coin. What's a real all right, we did that shout out rob alonzo mlev counselor luz! Oh you luan lewins lewins.
I don't know how i'm perfectly fine on rumble. Oh man, man, oh man, oh man. What are we doing? Why does youtube have these problems um? Whenever i see these types like i i just i don't get what's going on yeah? No, it's perfectly fine elsewhere uh. This is a good time to remind you, folks that on twitch matt underscore cores and on rumble, i'm matt kors.

So if you prefer those platforms check those out, they seem to have like less issues, at least as of recently ryan. My coat hey coach, my kids, want me to do the chip challenge is challenge. Is the cowboys don't get the nfc championship this year? How much can i expect uh my ass to plead after ryan? Actually, following the chip challenge, i had no like stomach digestive things too, of like any noteworthy value. I really didn't.

I would just say my only tip, for that is this: it's very very spicy, but that goes away like i don't know in 20, 30 minutes um. The issue for me in, like the latter half of doing that hour with after the hot chip challenge, was just actually stomach pain and the reason i had more stomach pain was because i didn't know i was doing the hot chip challenge and my stomach was in No way coated so make sure you have like a coated stomach, make sure. There's food in your stomach and also make sure you have tums readily available recently saw a fantasy game. 5 project called bsc mithril trend.

Briefly after hitting cmc would like to know your thoughts. I don't know about it, uh gerard. I would have to look into it b s c mithril, mithril, all right i'll check that out, i'm actually curious. I myself have not really played any like nft crypto based games, um.

What's your favorite ones, what's the most popular like crypto games going on right now, because for me to like, i guess, look into it and play it. It probably makes the most sense to start with the most popular ones, uh. So nft games crypto games, crypto, burning games like anything, that's like in that, and i know there's like ones that are becoming very popular um. What's your favorite? What's your most popular, let me know: uh blancos, decentraland, axi, blancos, plaincos, alien worlds, sandbox only fans decentraland.

So i'm seeing axie and blancos the most uh just getting uh on good morning, thoughts on prague prague's having a great day. It got a new patent uh to count like what is it nucleic acid molecules, uh. So some big brain scientific thing going on there. Crypto midday slum stream equals more views, but my own personal nfa belief is that a few weeks you'll be covering gme and amc bell to bell hey.

If i'm covering amc and jimmy bell to bell. That means something absolutely absurd is happening, and i i more than welcome that. I think we all more than welcome that is amc a dead cat. Now i personally don't think so i mean with the developments of now.
Having i mean a dead cat, that's crazy to call it the dead cat when it's about to have the best movie of the entire year and it's in the world of nfts. It's accepting more crypto as payment um. The tides are very much turning in a fundamental sense on amc to call it a dead cat. Like i mean, i guess everyone's like entitled to their own opinion.

I just vehemently disagree with that opinion same with gme i mean to go. I mean it's these both of these companies are up a considerable percentage on the year. How can you call let's look at this? Amc on the one year or year to date is up one thousand six hundred percent and gme is up nine hundred fifty percent. If that's a dead cat, i mean i'll, take all the dead cats.

I could possibly get 1 600 and 950 like these people who are naysayers and they're like it's dead, it's not going in like it's. It's up. It's up a lot. It's up a huge huge amount um.

It seems like a weird amount of fear-mongering uh matt. How is it that shorts covered on prong and there wasn't a relevant price move? Was six 20-ish pop it i mean you have to look at how many shares were short and then also the volume we traded uh a magnitude more than the shares that were short, so they theoretically could have covered into that 620 and did some cover into it. Yeah did all of them cover into it. No, but you have to look at the shares that were out on loan compared to the trading volume and they had the opportunity to get out and some of them used it to get out, but not all of them did all right.

Prague going to 350. uh amc just keeps getting stronger time people i agree with that. I mean i don't know about you, um, whoever you are listening right now. I am particularly supportive of amc and jimmy.

I have both i'm long and both i own chairs, in both um. I have made hundreds, if not thousands, of hours of content supporting both, i don't think, there's a person on this planet who has made more content in support of amc or gme this year. I i really if there is it's someone that i've apparently never heard of which would be weird if they've made that much content um i like them both and if you like, one more than the other okay cool, if you like them, both also cool. If you don't like either also cool we'll talk about prague, we'll talk about sheep, there's like this weird tribalism going on and has it i don't know if anyone else has noticed it.

Maybe i just like take it too much to heart, but ever since the nft announcement on sunday from sunday midday until now, these like gamestop, purists and gamestop maxis they're, just like pissing a lot of people off the amount of people who are like they're they're mad. That amc is doing nfts they're mad about, like i, don't know what they're mad about they're, just like purely enraged people, and it like this, this concept of being like a purist in whatever you're in i just i don't really understand it. I don't get it and i'm just seeing so much like hatred, spew from gamestop purists, specifically to amc, and it blows my mind if you don't like amc cool, don't buy, amc, go, buy more amc, but um to act like this move into crypto is a bad Move like i just it's insane, it's ridiculously insane is lucid. Moving right now, lucid, oh lucid is on the move, all right, which one has less volume: 174 three yeah we're gon na check out lucid for a bit lucid's, crushing it buy amc jimmy.
While you can cheap, follow the smart money, lucid is moving thoughts on wonderland. I, like it bullish, lucid uh. I don't know much about fluffy coin uh. What did you think happens in january? Many people reach their one-year mark.

Do you think it'll be a sell-off because of capital gains? No, i think people who got into it weren't in it just because they're like oh, i want to like pay less tax on it. I think they're, supportive of what amc and or gme symbolic mean depending on when they did or didn't get out, um or i don't think that's gon na influence when they do or don't get out uh i think they got in. I i don't think really. This capital gains thing was like on people's minds.

I don't think we're gon na see some sort of mass sell off when we're at the one year mark, especially because i think a lot of the purchasing actually happened afterwards after january uh, especially like right now with like. If we take amc or gme and if you took the date that people got in listening to this stream right now, i'd be willing to bet that it's past late january uh. I bet some of you got in in late january, but a lot of people even me like i've, been buying throughout it, so you get the tax benefit a year from whatever that that purchase is so it's not from your first purchase like your first purchase, gets The benefit when that time's up but like you're, almost setting multiple year-long clocks. So since i've myself have bought amc and gme past january it i have to wait to like the newest dates, but i don't think that's going to be on, like i don't think that'll be a driving factor for many people.

I think many people are in this because they are in some combination, looking for moas and true market reform, and i don't think they're like oh okay, i saved myself what 15 on taxes yeah we have may march people are in february, so it's spread out like I don't think there's like a particular like week or month, really, where, like a high majority of apes, did their purchasing. I think it's been spread out through the entire year thoughts on jasminecoin. I don't know much about jasminecoin terry, shout out all right. If we look at some of the charts here, i wanted to bring this up to point out the next support, so we have the low from october 27th, 28th and 29th right here around 30 450.
um. There is actually we're kind of at support right now, 35.50. So it could just bounce here, so let me mark out these two just so you know the technical areas. 3560 and 34.50 are the two levels of support.

I'm watching on amc in terms of gme. The support is 196.50. Definitely watching that 196.50 for gme gme at 198.50, prague messing around at 350., lucid ripping, lucid, lucid, lucid i've been publicly supportive of lucif like daily now for three weeks this is uh to me. This was like a layup of a trade, a very obvious money, making opportunity high odds, not guaranteed, but the odds were definitely in favor of being bullish.

All right. It's almost time to hop to the three minute three minute: three minute, she's still hanging out at 51.50, crushing it there. So this amc thing of previously we saw people not buy the dip, and now we have new people saying apparently just not to buy because it helps like with synthetics it's just so wrong. It's just it's denying any understanding of supply and demand.

No economist, no wall street person would ever ever agree that what were the two statements, the one statement was buying the dip is equivalent to shorting. That's, i hope you all know. That is wrong because in fact it's actually the exact opposite, and then the newest statement is buying at all is like detrimental folks. This isn't even an amc thing.

This is an understanding of how markets work if there's more willing buyers. If there's more buying aggression, price goes up, if there's more willing sellers more selling, aggression price goes down the fact that we are 11 months into this almost december and we're fighting about or like there's still these misunderstandings of, inherently of how a market works of just Like supply and demand um, i i really do find it disheartening, because the people who are spewing that absolutely incorrect rhetoric, they just don't know what they're talking about they clearly don't know what they're talking about um you have people who, like i just i don't know, And it's frustrating to me because obviously i feel like highly protective of this community and when you have various people who have followings and they're just giving out information, it's not an opinionated thing and that's the frustrating thing: it's! Okay! When people have a difference of opinions, i hope that they're an informed opinion, and i have i hope that there's something that is there to back it up. That's fine. You can have it different in opinions, but to have like to literally just give out incorrect factual information like that.

Like could just be fact checked. I i don't know it. It's so incredibly disheartening because, like i know, they're leading people astray and that type of stuff, i don't know um what you need to know factual. This is not a matte core's opinion.
This is going to be backed up by logic, economist and wall street. Buying the dip is not equivalent to shorting and buying in a general sense, is not helping shorts it is buying, is buying like that's how prices go up. Is you have willing buyers um? It? Just those are like the two axioms that i guess if we don't agree on those axioms of just how supply and demand works, i i don't know like we. We have to go back to like before step, one uh, no selling there is none buying.

There's a lot of buying and selling on amc and gme the or amc the volume today is 4.56 million shares, which means 4.56 million shares have been bought and simultaneously, 4.56 million shares have been sold. Uh, looking to jasmine old cell from sony that i heard working on physical products, jasmine all right, devin, happy dude, jasmine jasmine. Let me write this down jazz me. Uh.

Have we officially broke down out of the wedge yeah we actually broke down out of the wedge. Yesterday, uh, that was in my wrap-up video we've been out of well technically three days now. Uh amc is currently at support, similar to late october early november, we're looking for it to be a fake out breakdown, but obviously breaking down from a wedge. That's not good! Like no one can spin that this, this price action, like a bearish breakdown, like you, can't just sit here and be like.

Oh somehow, that's good. No, it's not good. Obviously it has a opportunity to catch itself which we're all hoping for, but clearly we would rather like a breakout in a rip. Did i say 320, i meant 350.

Let's go prague. What's going on mean banker prague to the moon prague's having a great day people, the market is obviously reacting very well to the patent news sheep, taking a little bit of a breather um i when it comes to crypto. I really don't use this small of a time frame to make like many of my trading decisions, but i would say from a technical point and a key psychological point. 50 is a nice support level.

Uh check slp looks like it's selling off um. This resistance is turning into support, um i'd kind of be watching this area if it doesn't hold where it's at right now. This is what i'd be watching, but obviously there's some selling going on. I don't know much about this company at all package.

Software. Great push selling - maybe it catches - you want that higher loan to bounce off of that, but must have done very well on earnings because it had quite the run after it. When are you going to show your earnings from youtube? So i was. I mean this whole time.

I've been thinking about doing it. The way, like all other finance streamers, do it or not streamers, finance like youtubers. Is they do it at the end of the year? It's like this is what i made in the year. I mean i've been following people such meet, kevin, andre, jake, graham stefan and all of them.
They just do it at the end of the year, like i think it's a little weird to do it. I was like hey here's. What i made in the first like successful 10 months of my youtube career like why, wouldn't i just do it like at the year and beyond it i mean i have no issue. I mean it's folks what people seem to really care about.

Like my super chats, that's out there, that's you! The website is playboard. You can see my playboard numbers um. What is playboard i mean you can. This is not like a hidden thing, playboard uh here, let me go find my account.

Yeah, here's mine, playboard matt cores, and then you can look up whoever you want um subscribers views super chats videos, all this stuff, um, like rate dislike rate, comment right. This is public information. You see, i don't know it's out there. It's not like hidden like no one's really hiding it, but beyond that the fact that that's out there publicly and on top of the amount of people who are do you know how many like dms i've gotten and messages they're like dude.

We just don't we don't care like no one. I don't know i i like talking about it because i'm a fan of business there there's so many people who are like, oh, like, what's it like to be a streamer, what's it like to be a youtuber?.

20 thoughts on “Cryptos pop stocks drop dumb money w/ matt ep 161”
  1. Avataaar/Circle Created with python_avatars Michael Crockett says:

    Thank you for all the ongoing information mate! .I am regularly watching your videos and your content and approach is excellent. Bitcoin momentum is back, although from a trader's perspective, I feel we really need more expert in the field updating newbies/investors on how the community works. I've been able to understand that there are two sides when it comes to crypto and everyone has their opinion when it comes to choosing sides, though I am not kicking against holding, but I see it as an old strategy to make profit of the market as of when the market goes bearish investors/traders looses their investment which is always painful, when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that do get tips and understand the market and uses strategy to generate signals daily to make profit to grow your portfolio as I've been doing with [ πŸ’¬DamonKerr ] on Tele grm for the past few months, with his program I have grown my initial 2.3 BTC to 7.4 BTC . He's very accurate and always yields a great positive return on investment……

  2. Avataaar/Circle Created with python_avatars James says:

    Thanks for the money πŸ’° πŸ€ͺπŸ€ͺπŸ€ͺ

  3. Avataaar/Circle Created with python_avatars Juan Gary says:

    A $32,000 profit sent to my portfolio each week, Ms. Evelyn Alene Rhines is amazing.

  4. Avataaar/Circle Created with python_avatars GoDoddsStudios says:

    Just bought Β£1000 worth and finally over 100 shares of AMC entertainment πŸ’ŽπŸ‘ LFG 🍿

  5. Avataaar/Circle Created with python_avatars Cordell Hall says:

    How can I find that song???

  6. Avataaar/Circle Created with python_avatars LifesACap says:

    do more research, you need to.

  7. Avataaar/Circle Created with python_avatars rhea daddy says:

    AMC dfuck

  8. Avataaar/Circle Created with python_avatars Michael Jordan says:

    Just keep on superchatting me and giving me your money!

  9. Avataaar/Circle Created with python_avatars NUABYSS Creative says:

    if it closes under 36.35 (below the ascending level of support since June), are we done?

  10. Avataaar/Circle Created with python_avatars Callum Miller says:

    Amc approaching big support here at 34.45

  11. Avataaar/Circle Created with python_avatars I create my own good luck says:

    YouTube may be trying to censor Matt.

  12. Avataaar/Circle Created with python_avatars I create my own good luck says:

    That is what my position has been since January 2021: I am willing to ride AMC to zero also.

  13. Avataaar/Circle Created with python_avatars Joseph Janeth says:

    DID I JUST GET FD 😳

  14. Avataaar/Circle Created with python_avatars Nick Piscopo says:

    That’s all folks

  15. Avataaar/Circle Created with python_avatars Reactions by D says:

    amc to 33? wtf

  16. Avataaar/Circle Created with python_avatars SafeMoon David says:

    Nice one they cut it

  17. Avataaar/Circle Created with python_avatars Pat K says:

    What happened?

  18. Avataaar/Circle Created with python_avatars HARD PLAYS says:

    Matts live stream got cut

  19. Avataaar/Circle Created with python_avatars Alpha Life Aesthetics says:

    Yeaaa what’s up Matt let’s get this bread

  20. Avataaar/Circle Created with python_avatars Kinky Kong- Ape Babe says:

    At least it wasn't taken down

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