A Dangerous Catalyst for Crypto | Dr. Fud.

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good morning my name is dr fudd also

known as meet kevin in this video i'm

going to start with fudd

to potentially outline a negative

catalyst that could hurt the

cryptocurrency markets and create a buy

the dip opportunity i am mr by the

dipper as well as mr fudd and meet kevin

and i thought i would start with a

negative catalyst so that way we could

move on to positives like what happened

to solana and shiba inu and then we'll

talk about what i believe is a very

bullish formation happening in bitcoin

and you won't want to miss it so if you

like this kind of fud first fun later

content make sure to hit that red

prescribe button down below

okay now let me get my prescription here

hold on

hey everyone okay let's talk about this

new information from bloomberg bloomberg

just released an article that the

treasury department and other agencies

have given the green light to the sec

the security and exchange commission to

regulate uh stable coins now we are

waiting for a massive report this week

on stable coin regulation and ultimately

stablecoin regulation will fall under

the purview of congress to legislate for

stablecoin regulation and likely require

banking charters for stablecoin issuers

with the sec

regulating stablecoins

this is something that gary gensler the

chairperson of the sec has been pushing

for and this could potentially lead to

an evaporation of at least some form of

lending based on the stablecoin market

it could potentially also lead yields in

the stablecoin market to fall thanks to

burdensome regulation now industry

experts like paxos and circle companies

that are first of all phenomenal

companies experts in cryptocurrencies

they are actually cheering

cryptocurrency regulation but i do

believe because of tether size with a 70

billion market cap yes i know tetherfud

that uh there is a potential that once

we get this transition of requiring a

banking charter for those issuing stable

coins and we transition to regulation

that we could see uh you know a modest

to substantial impact in the short term

on especially bitcoin pricing and then

subsequently all other coins thereafter

uh personally i believe that this will

be a phenomenal by the dip opportunity i

think it is the next big negative

catalyst for crypto and i think we'll

have three layers of or sort of three

events around this i think the first

event will be the sec

and agency report that comes out this

week on stable coins and stable coin

proposed regulation then congressional

uh regulation and negotiations around

actually implementing this we don't know

how quickly congress can act in this are

on this and in theory congress could

i mean if the sec is fast enough in

theory they could get stable coin

regulation just slid into one of these

stimulus packages that we expect to get

passed pretty dang soon

we'll see i don't know if it could

happen that fast but in theory it could

all come very quickly but then again

congress is uh not famous for doing

things very quickly

but this to me is a temporary negative

catalyst it is something that i would

buy the dip on this summer i bought the

dip a lot i made a lot of videos

explaining exactly why i was buying the

dip what catalyst i was looking for how

i believe that cryptocurrencies could

explode and obviously we've seen an

explosion going from a dollar of cardano

to where it is now just over two dollars

2.15 has been kind of where we've been

hanging out

we've seen obviously bitcoin explode

from 29 000 all the way over 60 000 here

so

a lot of positivity ahead but i do think

this could be a temporary speed bump and

i think it is a great buy the dip

opportunity it's also worth noting that

there are companies like jp morgan that

have stable coins as well now right now

the jp morgan coin which is built on the

ethereum network is something that is

only available to institutional clients

and it's something they've really been

testing most stable coins have open

access to the public this jpm coin is

again it's only for insiders but i

wouldn't be surprised if you get banks

with existing bank charters who come out

and end up offering stable coins as a

way of attracting customers to their

bank and kind of filling any void that

the tether fund might potentially create

and i think that would mean

the negative catalyst for

cryptocurrencies would actually be

relatively short-lived now we also we're

going to move over to other news now

we're going to walk away here from

stable coins because i know this gets a

little sometimes this gets a little uh

old newsish but anyway we're going to

walk away from stable coins and we want

to quickly talk about sheba dosh i'm

sorry shibe then

and then we're going to talk about uh a

catalyst that i see here for bitcoin so

uh first uh shiba inu shibuyinu we have

obviously hit some all-time highs and uh

it's really really incredible to mention

that elon musk replied to a question

about how much sheep he is holding and

he did reply with a one word answered

none

this did lead sheba eu to drop about 20

percent as soon as he mentioned it

however shiba inu since has reached

all-time highs just within the last few

hours here in fact right now at the time

of this recording we just hit a new

all-time high at 47.73

so congratulations to the sheep army i

am very happy for you this is excellent

news for the sheep army we are up 11.89

percent we do also have solana reaching

all-time highs which is really

incredible we are right now sitting at

218.99

this is an all-time high

next to our previous all-time high of

about 215 so congratulations to the

solana army as well we have a new record

high in the amount of total value locked

in d5 projects

we've got a lot of excitement

surrounding solana and i've got an

announcement coming out about a jungle

cat so stay tuned for that super excited

to talk about that and uh nfts on the

blockchain network super excited about

this now i want to show you

an update regarding

bitcoin and a catalyst that i see here

on bitcoin take a look at this chart

tell me if you see something here i do

want to make a quick note before i show

you this catalyst here that i do have a

program on a technical analysis but it's

mostly stocks and psychology of money we

got fundamental analysis we talk

momentum talk technical analysis talk

options trading but if you want to build

your wealth and experience sort of the

psychology of money how i become mr by

the dipper and i would look for negative

catalysts and and look for opportunities

in the market and then know how to react

to them check out the program link down

below i think it's amazing if you want

to see feedback or testimonials go to

mattkevin.com chat and you can see

honest

free

not censored

published published sort of reviews on

the program take a look at it of course

i've got five programs in total take a

look at all of those linked down below

you can go to medkevin.com join or click

the link down below and use that diamond

hands coupon code before a friday

because the price will be going up uh

saturday morning all right so let's go

take a look here at uh what i'm seeing

here on the btc chart so right now btc

is softening a little bit but in my

opinion what we have here is the

potential for a reverse head and

shoulders

so it's a little bit of a wide head here

but i i still see it here so if we kind

of flip this upside down

i think it's a little bit easier for

individuals to see so let's just go

ahead and grab this

and uh flip it so that way you can see a

little bit more of the traditional head

and shoulders pattern here so uh right

here you've got sort of a shoulder over

here so you've got a shoulder here

you've got another shoulder over here

you've got your neck line that's really

this

orange line that we've drawn over here

so you've got your neckline shoulder

shoulder and then you have your

relatively wide head over here this is

the 30 minute chart on bitcoin now

usually a rever or a normal head and

shoulders would predict

a sort of fall i know this is upside

down so usually be the other way but

usually you would you would have a fall

coming in to a head and shoulders

formation and then you would have a

subsequent fall when you have a reverse

head and shoulders you actually expect

the opposite which aside from a news

catalyst like this stable coin

regulation which could kind of screw

this whole thing up

i do think that this is a potential

breakout

leading formation here so i'm bullish on

what i'm seeing here if we see a little

bit more of a trickling down here i'm

not sure if we're going to revisit that

60 000 level obviously that would break

the head and shoulders thesis if that

does end up happening we end up going

back to a support around 60 000 big

psychological threshold obviously

briefly we can break below this support

but we keep rubbing rubber banding back

to that psychological level which makes

sense as traders front run very very

typical

but uh this right here in my opinion is

bullish minus the potential for

cryptocurrency stablecoin reports uh and

so i'm excited to see what happens for

that because uh look i would not mind

buying bitcoin at a cheaper price so

these are some of my thoughts on

everything going on in the market uh

right now regarding uh stablecoin

regulation but also uh some brief

updates on uh salad and shiba inu and uh

of course this technical analysis on

bitcoin and if you found this helpful

click that prescribe button down below

and folks we'll see you in the next one

thanks again bye and consider sharing

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