Crypto is Out of Control | Watch THESE Coins!

hey everyone we kevin here yesterday we

talked about this a flight of investment

bankers

from traditional finance heading over to

crypto related institutions

and that got me thinking okay why why is

this

happening and i realized there are three

real reasons we're seeing a big

transition from investment bankers going

from traditional finance over to crypto

and it's very simple there are three

easy things

that institutional investors can do with

crypto that most of us

don't have access to yet easy and quick

price arbitrage futures trading and

options

writing basically you have people who

are really good

investment bankers and can take

advantage of price arbitrage

futures trading and options writing in

traditional finance go wait a minute

we're trying to eke out pennies over

here

let's go over to the inefficient crypto

space which first of all is a lot more

uh exciting for future potential i mean

any white paper

or even an analyst report i read about

cryptocurrency is just mind-blowing i

learned something new every day and i

love that about the crypto space

the potentials they're not infinite but

they're

really really vast and i absolutely love

it but what i'm finding in my research

is that a lot of analysts or or even

traders or hedge funds or investment

bankers whatever

they're taking advantage of the fact

that at any given moment you might see

uh ethereum classic at eighty dollars on

one platform and at a hundred dollars on

the other platform

and they got me thinking to myself when

have i noticed that before

and i noticed that with doge and i've

noticed that with

ethereum i've noticed these price

discrepancies between

robin hood uh and uh coinbase pro

or binance i've seen these different

prices and so

or even weeble and sometimes i look and

don't get me wrong i'm not suggesting

you buy on robinhood but the point is

you can still compare prices

the point is you look at the different

prices like wow there really is a

difference in the price i mean you could

in some cases buy it

for you know i don't know doge i've seen

priced at 57 cents while you could sell

it on another platform for 64.

it's really really crazy and then in

theory you could just do the reverse

when it changes directions the other way

it's really bizarre

how inefficient the market still is

right now but it does

make sense it really does make sense

because we don't really have

a centralized bitcoin exchange yet we've

got

uh you know maybe weebles using their

platform and trying to match buyers and

sellers and

robin hood's using their own crypto

clearing firm and then you've got

coinbase using their own folks

whatever the point is bloomberg is

reporting on this as well

investment bankers are seeing fat

freaking opportunities to print

attendees

via price arbitrage futures trading so

usually what they're doing is

uh they'll go like uh long on a

on a position on let's say bitcoin and

then they'll

a short a futures contract because a lot

of the futures contracts

are in some cases overpriced and you get

sort of convergence

where you see the pricing of the

underlying coin go up and then you see

futures contracts converge down and so

they're taking advantage of both of

these things

we don't see a lot of that in retail and

they get to do options as well

calls puts you name it investment

bankers have access

to all these fancy tools that we don't

have and this is

maybe an explanation for why is it that

some of the crypto firms

could pay you interest on your crypto

like block fi or voyager which you could

go to met kevin.com

bf deposit money and you'll get up to

250 dollars for free with blockfi or go

to medkevin.com

voyager and earn interest on your

cryptocurrency either at voyager or

block five

check those out but anyway uh it kind of

makes sense because the investment

bankers are able to print

money with these tools that most of us

don't yet have access to in the crypto

space

sure we can get options on tesla or

amazon or maybe some of the smaller

companies since those are expensive

uh like apple options or whatever we can

get those all day long

at robinhood or weeble or whatever but

we can't yet get those

crypto derivatives and this is where the

investment bankers are having a

field day and that could be part of the

reason why we're seeing not only crypto

be so attractive

for investment bankers to kind of invade

the crypto space which is a good thing

it just brings more money to space and

leads to these price increases that

we're seeing but we're also

seeing more and more companies plow into

more and more ideas

related to crypto which means again more

and more money flowing into cryptos for

example

plock.com which is backed by peter thiel

alan howard

and louise bacon they're launching a new

crypto exchange

and they're going to try to combine

traditional centralized crypto

which would be through like a weeble or

block fire coinbase

with d5 now i don't know exactly how

that's going to work yet

but they're planning to call the

exchange

bullish and it's going to start with 10

billion in digital assets and cash

they're gonna seed it with 9.7 billion

dollars in bitcoin which is somewhere

around the time of this recording 164

000 coins they're also going to try to

build out their eos blockchain but that

one's

kind of been losing interest lately but

the point is

peter thiel mr palantir is basically

going all in

on on bitcoin here which is like really

really cool

then and folks i mean we look at some of

the other coins

i mean it's just amazing some of the

growth that we're seeing

and i think a lot of it is coming

because of this investment enthusiasm

look if you can make money on

derivatives

on ethereum why not try cardano why not

try rip why not try some of these other

coins

and that's kind of what we've been

seeing so we're looking for an

explanation

how stable is are these prices hey maybe

they're actually stable

because you're getting so much more uh

sort of inflows of institutional capital

into these spaces

trading derivatives hopefully creating

stability now the concern would be

that a lot of this is over leveraged

what if you're getting high

rehypothecation

uh what of of even stable coins what if

you're way over

leveraging on the cryptocurrencies

because there's a lack of

oversight in how much leverage is being

used we don't know

all that could be true and all of that

could be leading to some of these prices

but folks

look at the run here recently just in

the month of may in the last 10 days

last 10 days ethereum classic goes from

about 35 bucks

to a price where it sits right now of

and ten dollars

folks imagine a spec like quantum scape

going from thirty dollars to a hundred

ten dollars

we'll be freaking out we'd be all over

this and uh let's take a look here at uh

let's do a little bit of volume analysis

here there we go

look at just the volume here i mean we

really really saw peak price volume

somewhere around here may 6 may 7th

and that's of course when you also align

the top price this is why we say

look at volume analysis and i would keep

an eye on this you start seeing a ramp

here in volume again

this could be very interesting so some

folks are looking at

ethereum classic right now as this may

be being a buy the dip

opportunity we just bounced off a

support level here it looks like around

104 105

sat there for a few hours you know we

don't really have another support until

you get to 92 and then you get to 74.

but that's what happens when you get

these parabolic runs but

you've got quite a potential run ahead

of you here

if we go back to the lid that we had

before of 150 i mean we'll see but

look i'll take i'll take 40 bucks on 110

any day because that's still like 38

or something like that quick head math i

don't know maybe i was slightly off on

that

but anyway you get me pretty raw here

but ethereum classic folks pay attention

to this this is absolutely incredible

then we've got cardano cardano first of

all if you hit all

okay you're going to vomit because it's

like a straight line right so you have

to

really i mean it's been around since

2017 right so you really had at least

charted here

so you really in my opinion you should

go year to date on these

and if you go year to day you which is

what this chart is you get a little bit

of a better understanding as to how

recent the run is and how stable it is

cardano has had a i mean it still has a

very beautiful uptrend here if i go to

trading view let me see if i can go out

to

year to date uh let's just go to week

that's going to get me a little further

out

yeah actually you know what there let's

let's zoom in a little bit um

no let's go today we'll go today okay so

we go today

look at the trend that we have here on

cardano i mean this is beautiful let's

go ahead and throw

in a trendline trend line here we go

let's just grab the lows here uh look at

that we almost have four we have four

touches on this line right here

i mean this is beautiful this is really

really a

nice trend what i'm gonna do as well is

i'm gonna put in a moving average here

i'd

really like to go ahead and put in a

50-day moving average

so let's put the 50-day moving average

in here there we go

so we've got our 50-day moving average

which is this line right here

you can really see we got a nice

breakout off the 50-day here

i mean we've been riding above the 50

day we touched the 50 day at these low

points here at 120 we actually

broke it uh when was this we broke the

50 day around april 23

we've really been exploding off the 50

days since here i mean this is

pretty bullish i would say for cardano

this is another one

i'm going to go back to volume here this

is another one i would look at these

potential spikes

as maybe bullish indicators

for trends pushing cardano i mean we've

seen much higher

momentum in cardano before we've seen a

24-hour volume

as high as 20 billion before right now

we're only at 6.6 so we got a potential

triple in volume

with how many people have traded this in

a 24 hour period before

so cardano's another one that would be

paying attention to and some of y'all

yesterday mentioned hey kevin remember

how you said

that and i did not know this i think

this is super cool but i was talking

about how one day in the future

just the top 20 or top 10 different

cryptocurrencies they'll all kind of be

like visa mastercard discover where it

doesn't matter what coin you use

use whatever freaking coin you want the

recipient just gets whatever they want

many of you in the comments were saying

uh yeah kevin that's actually a feature

of cardano's

i didn't know that uh and i look i've

just shared this with you

as i learn it and i think it's really

exciting so i'm

i mean that is brilliant that is very

very very brilliant

and i would pay attention to cardano

it's i think it's number six right

now i believe it's number six uh yep

there it is ranked number six

so i would pay attention to cardano not

bad now we did

also see some or have seen a little bit

of bouncing over here

uh at uh uh well xrp

although xrp has yeah questionable maybe

the reputation

but uh we've really kind of been

bouncing along over here what

around what some folks say is is maybe

that support level right around the

high 130 range somewhere around here i

don't know if we're gonna end up falling

to the support around like 107 it's

entirely possible

but uh here's another one that has been

getting some attention

lately maybe out of these i mean it's

obviously ranked seven

out of these i would probably have

ethereum classic and cardano higher on

my list

uh i would also uh consider ethereum

although

some folks you know there's a belief

that ethereum could get over twenty

thousand dollars

soon here that we might actually even in

the future see a swap

between ethereum and uh and bitcoin

but the price growth here the trend has

been absolutely

beautiful here uh just over the the last

uh

period of time now my only complaint

with this is we had some insane

uh price peak we had this insane price

peak right here on january 5th

which made it really really difficult to

kind of compare volume so

just get rid of january 5th when you're

comparing volume

and then you'll actually get your volume

bars back and look at that

volume growth on ethereum i mean you are

seeing

the amount of volume growth on ethereum

pushing this price up we are sitting

right now at uh 60 to 66 billion dollars

being traded in 24 hour periods uh and

that's two to three

x what we've seen in march for ethereum

and it helps us

push that price up and so that's why i'm

kind of

also paying attention over here to that

potential for

a triple in cardano and

ethereum classic in terms of trading

volume

which we don't know exactly how far some

of these could push up but these are

some of those i'm keeping an eye on i

don't i think i'm gonna go ahead and x

out uh

xrp and i'm gonna for now uh the ones

that i really want to focus on are

ethereum classic

cardano and ethereum itself although

ethereum itself

uh and bitcoin quite frankly i i feel

very comfortable with those

i'd probably wait for correction and buy

the dip on those

but uh cardano and ethereum classic i'm

i'm

tempted here these these look juicy for

me we'll see though i really want to

track that volume a little bit more

because we have seen that volume rotate

to the downside at cardano

uh it it never really got back to that

peak

that we got around the end of february

early march

uh and so we'll see can we get that

trend to push back in that direction can

we get that price

volume to head back in that direction

and so far

it looks like maybe a little bit of a

slow down the last few days but we'll

see

so definitely what i'm going to be

watching for another breakout here on

we did just have one in the last week so

we'll see what happens

if we fall to a support and then maybe

maybe we get to a new low

in volume which that might be another

opportunity as you wait for that volume

to dip to like three billion dollars in

volume and you see if that aligns with

the dip in the price

and maybe at that point you pick into

some cardano so those are going to be

some things

that i'm paying attention to here i do

also want to

pull up elon musk's tweet because it's

very important

and i want to mention that ebay is now

going to or announce today that they're

going to

allow folks to buy and sell nfts

they believe that nfts non-functional

tokens have reached a tipping point of

credibility trust and adoption

and therefore they're going to allow

folks to start trading them

on ebay which is really really cool uh

maybe that'll revive uh

ebay's actually honestly ebay sold off

so much in terms of ebay stock

i wouldn't be surprised if that ends up

turning into an opportunity for people

to say oh my gosh

ebay is now an nft play maybe that's

something to pay attention to

write that down let's put down ebay

stock here it's at 60 bucks

10 bucks above where it's been floating

at not really seeing crazy movements on

the announcement here

and eb's ebay's been struggling a little

bit throughout the pandemic

uh not substantial growth i mean we did

growth

grow don't get me wrong but for an

online retailer it didn't grow

near as much as other companies did

uh but anyway let's hit uh elon's tweet

really quick take a peek at this

do you want tesla to accept doge we got

3.2

million votes here 77.7 percent of folks

saying

yes really cool i think it's uh really

really incredible and

uh folks i have to say the crypto market

right now very very very exciting

i am regularly uh doing more research on

the crypto space

and i'm excited to bring you those

updates so if you like more updates on

this make sure to subscribe

for more of these crypto updates let me

know down in the comments if you want

more of these sort of roundups

and folks we'll see in the next one

thanks for being here

[Music]

you