**HUGE REJECTION** Warning: Stocks & Crypto JUST got RESET

oh we just had a massive rejection in

the marketplace and this is important

because woo we combine these rejections

with catalysts coming up maybe the

Market's setting up for a little bit of

a breather doodle dodla and in this

video I'm going to break down not just

Bitcoin Nvidia but also touch on Tesla

something I inadvertently leaked this

morning and we'll talk about it but

anyway let's get into the subject of the

video uh first we need to understand the

rejection that is occurring in the

market right now Nvidia perfectly

trended towards our

$969 uh Fibonacci retracement level if

we go out on the day chart we could see

and we remember this if you've been

watching this channel I said look we've

got a lot of pent up Demand right here

at 500 if we break 500 we might be going

straight to the next FIB which guess

what we did we waited for for earnings

earnings reiterated that we could

actually break through that FIB guess

where we went to next boom 974 this

morning what happened we hit uh well 969

this morning not only did we hit that

969 we got rejected by it rejected again

on the minute candles broke through now

really to get a real support you have to

have a full day Candlestick above

support right but we couldn't even pull

off staying above it for a few minutes

because as soon as we dropped that

report straight down from for NVIDIA we

went from 4% gains to 1% uh losses and

this is going to beet some issues going

forward but it wasn't just Nvidia we

just saw this happen at Bitcoin as well

look at the week chart on bitcoin we

continuously broke different resistance

levels for Bitcoin when we broke 48k

what was the next stop 57 when we broke

57 what was the next stop 69 take a look

at it on the day chart you can see we

actually had this little midpoint break

right here at 524 which wasn't really

FIB based so maybe not as good of a fib

as uh Nvidia but it's certainly held

here uh with both resistance and support

lot of uh support right here at that 42

level as we got rejected at that 48

level uh and then when we finally broke

through we did push through 57 pretty

quickly now getting rejected here though

has uh leted Bitcoin to move pretty

volatile we just broke

7,200 coming down now so what are these

potentially going to be well maybe

nothing or it's time for a breather in

the market now I'm going to go through

some catalysts in just a moment but

first let's look at some of the Bitcoin

numbers that we've broken down over at

ec.com the first thing I really want to

draw your attention to is when

volatility is really high we do tend to

to come back down we usually don't stay

at high volatility levels for very long

we usually average lower and take a look

at this when we look at the period of

the FTX bankruptcy we could see we're

right there at some of these high levels

of volatility compared to the low levels

we've been on for Bitcoin volatility

we've gotten rejected on some of these

levels before these higher levels evolve

so it might be time for a settlement

under this resistance level and a little

bit of sideways trading for a while

that's actually healthy that's not

arguing that this is bearish It's

arguing that it's healthy for the market

to take a little bit of a breather now

we do have some very exciting catalysts

for Bitcoin and as well as Nvidia which

I'll talk about those obviously we've

got the having coming up sometime in

April where we're going down to a token

reward of

3.125 uh we've had crazy 7-Day rallies

Pepe up 131 near protocol 354 Unis swap

23

polka dot 215 Sheba euu 138 Doge 27 eth

14 Bitcoin 9% all over the last 7 days

and of course we've got the ethereum

denum upgrade which I actually think is

going to be a really good one why

because it reduces the Practical fees of

your layer 2 blockchains this is a big

deal in case you don't know what that

means quick explanation I'm

oversimplifying this on purpose you sit

on layer one ethereum there's your coin

and on top of that you could build other

sort of tokens and if you transact at

tokens you're still paying these

expensive ethereum transaction fees but

if let's say instead of doing a one

toone transaction you could do a 100

transactions and then roll up all of

those transactions into one ethereum

hash you could divide that fee over a

100 different fees or or transactions

and lower the cost per Layer Two fee or

transaction substantially that's good

for practicality and this is what you

want to see long term you uh shouldn't

see lower security as long as rollups

are frequent enough and lower fees

should really help you get larger

batches more quickly so this upgrade

comes out on March 13th which is very

exciting that is a very near-term

catalyst so you want to mark your

calendar for a few things here for

markets and crypto broadly you've got to

mark your calendar for March 13th on

ethereum you want to make sure that

protocol upgrade goes smoothly it should

be fine I think that's a positive and

it's a good thing for layer twos

probably not such a big deal for

ethereum though itself uh now as far

as uh CPI CPI comes out as a catalyst on

March 12th we're going to have to focus

on March 12th CPI expectations are month

over Monon point4 and

core3 both of these are going to affect

crypto and Nvidia uh the these numbers

are uh risk catalysts

and what we're looking for are softer

numbers we want to see those inflation

numbers coming softer this should be

obvious this morning we actually got

good news and this morning is probably

the reason we ran on both Nvidia and

Bitcoin why because we had downward

revisions on the household survey for

employment by a substantial figure

negative 150 uh sorry 185,000 job loss

this morning on the household figure the

payrolls report had some large revisions

as well down 124,000 for January down 43

for December still obviously positive

but way less positive than we previously

expected uh and so those downward

revisions pretty classic most important

though this morning that wage inflation

number coming in at only 0.1% suggesting

the fed's fear over inflation probably

shouldn't be that big of a catalyst of

concern that's good for risk assets you

want jobs up and you want inflation down

that helps your aidas that helps your

cryptocurrencies that's one of the

reasons we've been seeing the moves that

we have and frankly we are seeing

disinflation across the board uh at uh

especially Goods producers or Goods

providers less so at some of the service

providers this morning in our course

member live three live stream we went

through MGM and uh we went through

Marriott as well just to see what's

going on with price action as we

compared the price action for Costco

Costco you have to know this and this is

a good thing for markets and for risk

assets yes Costco missed this morning

but what's Costco telling you our

traffic frequency is going up but ticket

numbers really are not why because

they're reducing prices this is a

business that is reducing prices they

want to be the first to cut prices they

literally tell you that they were

forecasting 0 to 1% inflation now they

think it'll essentially be zero they're

taking price reductions where they can

they're literally listing out all of

their price reductions they're doing and

they're saying they're not seeing

meaningful pricing issues from Red Sea

challenges instead they're focusing on

being the first to lower prices talking

deflation here this is very good for

risk assets but could we have a

short-term breather leading into the FED

March 20 meeting where we're going to

get a new summary of economic

projections that could potentially

forecast less than three rate cuts for

this year yes absolutely all the FED has

to do is tell us hey look we see less

unemployment than we thought by the end

of the year and we see higher terminal

rates than the end of the year the

Market's going to have to price in that

rates might actually truly as the fat

ass told us stay higher for longer and

so that could potentially set up for a

breather over the next 30 days which did

create a very interesting inadvertent

leak of my thesis this morning I

accidentally set the course member live

stream public this morning I didn't mean

to do that and I revealed a thesis and

and I think Just In fairness since I've

kind of revealed that portion publicly

already I I I I don't want people to

feel like there some Rumor Mill going on

or whatever about Kevin selling Tesla or

something I I I want to be very clear

about what I said this morning yes we

did talk that there could be a strategy

for selling Tesla and the strategy is a

30-day trade I want to be clear it's a

trade it's not a long-term keep it very

simple the strategy potentially on Tesla

is that tax loss Harvest for 30 days and

you trim and take gains on bitcoin or

Nvidia as an example so think about that

for a moment let's say you have $110,000

of gains in Nvidia and $10,000 of losses

on Tesla okay so well if you trim some

$10,000 of Bitcoin or Nvidia because you

want to diversify who knows maybe you

want to invest in house hack you know

we've got a house hack fundraise going

on at hous hack.com 2024 read the PPM

there or maybe you want to buy a ticket

to my event June 21st to 23rd in Vegas

and so you're going to sell some of your

Nvidia and your Bitcoin you're going to

take that $10,000 profit and then maybe

you sell $10,000 uh or you take a

$10,000 loss on Tesla by purposefully

tax loss harvesting those lots keep in

mind you have to use certain portals

like Fidelity Schwab TD marit tray JP

Morgan they let you target tax Lots so

you could basically say look I want to

sell the Tes bought at 260 but I don't

want to sell the test slide bought at

130 let's say right so you take the loss

here and then you offset a gain with a

loss so now you're not paying taxes on

your Nvidia or Bitcoin and given that we

just got rejected on Nvidia and Bitcoin

there could be a 30-day opportunity to

pull one of these trades now keep in

mind immediately Reby your Bitcoin or

Nvidia you just can't immediately Reby

something substantially similar to Tesla

so what does that mean well what that

means is and talk to your CPA to verify

this but what you do is for 30 days you

would sell Tesla buy something that's

not substantially similar so maybe you

buy an ETF that has Tesla in it but you

hedge out maybe 80% of the Tesla

downside risk from earnings coming up

and deliveries coming up which are

expected to be negative you get through

that period earnings are on April 19th

so you could play before or after a

little bit uh in the meantime you take

some tendies on bitcoin and Nvidia and

then what you do is after you've offset

this and you've moved that money maybe

into an ETF for Tesla you could actually

Reby your Nvidia and Bitcoin immediately

because the way taxes work is if you

take a gain you recognize the gain

instantaneously and you could Reby

instantaneously but in order to take a

loss you have to be out of the position

for 30 days otherwise you hit the wash

sale Rule and then you lose your tax

write off and you also have to offset it

with other gains otherwise you hit loss

limitations at the end of the year of

like 3K unless you have other offsets

right so of course I I'm being very

broad here because I'm not your CPA I'm

not here to tell you what to do

but this is a potential strategy okay uh

you've got the FED meeting on the 20th

it's a big Catalyst for a reset in this

market and a breather we're not like

that'll give us a breather we've got CPI

data coming in but again the FED is

going to drive this boat on March 20th

and there is a potential opportunity in

this trade that I've just described

especially since we've had optimism and

high uh volatility for so long and

usually when you have high optimism for

for these extended periods of time you

do end up running into a breather again

I'm not here to be a bear okay I'm not

here to say everything's going to poop

but look at this future pricing uh

volatility pricing on ethereum for

example you're at really high levels

right now so you're paying a real future

premium to sort of get into the fomo

right now to get into the excitement to

get into the en enthusiasm and if you

take a tax play while at the same time

uh you know protecting yourself a little

bit from some downside there might be an

opportunity to do that I'm not saying do

that with your whole portfolio I'm not

even telling you to do it I'm just

saying some people might do that and if

you see a sideways or downward trending

market for the next 30 days or so that

could just be a healthy rebalance now

some Bitcoin bears actually argue that

Bitcoin being Supply Limited might end

up starting to be quote priced into

Bitcoin and eventually you'll see

Bitcoin trade sideways I think everybody

has to have their own opinion on that

since most people think the lack of

Supply hitting hitting that Supply cap

for Bitcoin will be a you know a

NeverEnding force of basically Bitcoin

moving up up up in a way some argue that

you could actually fully price in that

it could just move on up forever and

then you'll get a lot of sideways

trading and then when it underperforms

other assets you could actually get down

Trading now that's really interesting I

don't really know what to make of that

that's just something that some have

said it's an interesting idea that I

posted about at ec.com but again we call

this a contrarian breather and it's

entirely possible that after these runs

that we've seen we are going to

experience a continuation of some form

of contrarian breather that does appear

to be the case at least today in terms

of the rejection that we got at Bitcoin

this is very violent a very violent

downtrend as soon as we got rejection

rejected

and this swing on Nvidia is insane we

literally got rejected at 969 we went

from positive 4% to -4% on the day I

think what we've described is happening

we will see we're but again buckle up

thank you for watching if you found this

helpful consider subscribing none of

this is financial advice I love you all

I want to give you insight into

perspective on what might be going on I

always try to be early at telling you

these things things the problem is

sometimes when you're early you know

it's indistinguishable from being wrong

I'll give you a quick like slap in the

face to where I was wrong Costco okay

Costco missed Costco is down 6% I

shorted Costco it's right here I wrote

short Costco but I shorted it like a

month ago way too

early so uh sometimes being early is

indistinguishable from being wrong but

anyway I hope this is insightful for you

I really appreciate you and we'll see

you in the next one good luck and

goodbye oh button even though I'm a

licensed financial adviser real estate

broker and becoming a stock broker this

video is neither personalized Financial

advice nor real estate advice for you it

is not tax legal or otherwise

personalized advice tailored to you this

video provides generalized perspective

information and commentary any third

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deemed endorsed by me this video is not

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decision any links or promoted products

or to paid affiliations or products or

Services which we may benefit from I

personally operate and actively manage

ETF and hold long positions in various

Securities potentially including those

mentioned in this video however I have

no relationship to any issuers other

than house act nor am I presently acting

as a market

maker well there you have it thanks

folks bye