Hey everyone: boyo boy: we've got a few things to talk about in this video. First we're going to talk about turkey. Then we're going to talk about liquidations. Then we're going to talk about what i did with my crypto portfolio uh.

Those of you in the stocks in psychology of money group already know what i did and what i'm doing now, because you get buy, sell alerts every time black friday is today, which doesn't mean there's a black friday coupon code for the programs, i'm building your wealth, Expiring down below, but folks, let's first talk about turkey and the lira. First of all, so turkey has a currency, it's called the lira in well this year it has lost 40 percent of its value and on tuesday it lost 15 percent of its value. In one day, and so far today, not looking good either it's losing more of its value. Why? Because the president of turkey is fighting inflation at 20 percent and in his response to fighting inflation, he is overriding what the central bank is trying to do and he is reducing interest rates.

Yes, usually we raise interest rates to combat high inflation. Think about what paul volcker did painfully raised. Interest rates hurt the economy beat us and drug us through a nasty recession, but finally got us out of high inflation. That's why we have so many fears today that if inflation continues we're going to go through the same kind of painful recession, thanks to inflation, interest rates going up, however, turkey thinks that no that's not what we're going to do we're just going to do whatever we Want we're independent we're going to lower interest rates, which is now stoking fears of more inflation and making the case that maybe a country like turkey should finally adopt bitcoin because obviously they're not capable of handling their own currency? Now the only country so far to in full adopt a cryptocurrency has been el salvador.

El salvador has a mark well a gdp, an annual gross domestic product of around 25 billion dollars. Turkey, while its gdp has been declining since about 2013, does have a gdp. That is in excess of 30 times the size of el salvador. It's unlikely that, with the existing president, we'll see any kind of rotation to a cryptocurrency, but there's a lot of speculation that hey.

You know what. If we get a different president in turkey or uh, you know we just look at turkey as an a perfect case example as to why uh certain countries should not be having their own currencies. Uh then, then, obviously um bitcoin looks very appetizing but anyway. So that gives us a little bit of background on what's going on with turkey.

It is actually a reason to be bullish for crypto, but now we're going to talk a little bit about liquidations and we're going to talk about. What's going on in my portfolio where, as uh the australians on tick tock say my part harleer. Sorry, it's a great tick tock try to find that australian portfolio. They write it like that.

It's great uh anyway, if you've seen it, you get it. If you haven't, you think i'm a which some people think anyway, which is fine. That's okay. I mean some people say i'm a clown.

All i need is a red nose and then i'm a clown. Okay. So anyway, let's go ahead and look at the liquidations really quickly here. So obviously we're seeing some liquidations uh by the way we're now getting a rebranding to coinglass.com.

That's because a lot of people were calling this bibit uh biped i mean there were there were so many millions of different variations for how people were pronouncing this bipped. Whatever you name, it doesn't matter now they're going with something simple coinglass.com, but anyway take a look at this. We've clearly got a liquidation spike here, uh. The last time we had an extremely large one was obviously back in september, but if we go ahead and zoom in a little bit more here, we can see that relative to uh october and november, we are october.

We had about eight ten million in liquidations. We had a spike here about 783 right now, we're sitting about 640 million in liquidations for bitcoin, that's just bitcoin. So a definitely substantial amount of liquidations doesn't surprise me, since a lot of folks are in crypto in their triple 5x 10x leverage. So you get a drawdown of about 10 in the price of bitcoin in a short period of time, you're you're going to see some pain pretty quickly, we're only about 5.9 percent down on the seven day.

Here, however, we we have drawn down from all-time highs at about 69 000 dropped down to about 63, then hit 60. sat at that 58 000 support. This is where i regularly mentioned folks. Our next stopping point is 54 000.

somewhere between 54 354 5500 is where the support line sits and folks. It's no surprise. It's literally, where we're sitting right now and it's where we've been bouncing now, the next one after this is 47 000.. So i'm not going all in yet, but i'm definitely watching these support lines.

Because, folks, if you don't know basic ta, you probably shouldn't be trading crypto, you should just probably be buying and hodling, but uh. I want to make a little bit of a reveal about my portfolio uh. I did about two or three weeks ago and those of you in the stocks and psychology of money group know this. There is a black friday, coupon code expiring on this.

Of course, those of you who are inside already know this. I did sell all of my crypto now. I know that sounds paper handy and it's not something you want to lead with because, like oh my gosh, how could you, but i sold at a higher price at much higher price than we are now? So i'm actually very happy with my move. Uh same thing with cardano: i i sold that much closer to two dollars like 196 or something like that: uh and uh, and i'd gotten in substantially around about 106 on cardano.

So so great moves uh. It doesn't mean i'm always perfect, but uh. I was really starting to see the writing on the wall that we could have a catalyst shift down to about 54 000 uh, that support line 54 300 in bitcoin, and that's literally, where we're sitting right now. So since that was my plan and the plan i had written down, i am now rebuilding my portfolio.

I have already bought back into bitcoin substantially over uh over half a million dollars right back into bitcoin. I'm now looking at uh, adding to some of the olds i'd like to see a little bit more of a discount on ethereum. I'd really like to see some pain, push ethereum under a 4 000., really strong resistance of ethereum at 4 000.. I am wiring more money over to coinbase to try to avoid paying fees over at voyager digital, where my money has been chinese handcuffed, which i'm very upset about voyager digital.

Only allowing me to transfer 25 000 a day, which i understand. That sounds like a first world problem, but when you have 800 thousand dollars in voyager and you're trying to use it to trade, but the fees are excessive and ridiculous. You get a little frustrated uh, but anyway, maybe i shouldn't call them excessive. That implies that i've researched all the other fees, but then again, look you compare to coinbase coinbase is cheaper folks, and i know i, like i shouldn't even say it, but i'm just gon na say in my opinion, based on the research that i've done, the lowest Fees are still robinhood, but you know not not my key, not my coin.

You know you can't transfer yet uh they're super slow at doing wallet, transfers customer service leave something we desired. I got some work to do not saying that coinbase's service is necessarily much more stable but anyway uh. Another thing that i want to do is i want to build up a little bit of the alt, so i'm really looking into polygon a solana cardano, i'm trying to evaluate how much i really care about this etoro thing it's one of the smaller exchanges. It honestly, it makes virtually no difference, not a not really major fun that i care about so 16 decline in cardano.

Not i mean to me a little bit of a buying opportunity. There are a lot of folks referring to iota suggesting that they want to go to iota instead of cardano uh, just tracking social media trends. Another thing that i am noticing is a little bit of a sell down or pausing and enthusiasm for the metaverse. Take a look at decentraland down about 6.9 percent axi down about 9.98.

I do still have axi teams, though, about i put about a forty thousand dollars into axi teams here, uh in a partnership, so that's pretty exciting to see that develop. No uh sandbox was actually down more. This morning looks like it's rebounded a little bit, because we do have that sandbox release coming up, which could be a really big, buy the rumor sell the news, i don't think it'll be a rug pull, but there's always that risk we'll see what kind of game Or alpha ends up getting delivered, but obviously sandbox not here, look sandbox.game. If you want to learn more, i highly recommend at least to sign up for the um for the release.

I i'm personally not buying land. I might go see what the alpha passes are selling for on the secondary market, but beyond that it doesn't matter too much. Those are going to be an nft that you'll need to be able to get access to the game uh. Beyond that, i i do want to build out the alt portfolio a little bit more, and i have this beautiful opportunity to do so now, because everything is having a black friday sale.

So i'm exploring this a little bit i'll be sending alerts every time. I do make a transaction in bitcoin, but for me this is a great buy the dip opportunity. I think we're excessively depressed here on crypto because of liquidations. I don't expect like, usually when we have a big liquidations day.

We do not have big liquidations that follow like this is even rarer over here that we had larger candlesticks uh after uh or not really candlesticks, more bar charts right bar sticks. Whatever point is uh we're going to do a quick little ta here on btc and ethereum, then i got to run to the course member live stream, which remember, there's a coupon code for expiring for that today, at 11 59 pm, but uh yeah go ahead and Take a look here if we just zoom out for a moment to the one hour this line that i've had here at a 40 at the 40 uh 54 300. You can watch my videos, it's literally been sitting here for months. This is what my expectation was.

It's not a surprise. This is exactly where we went uh. I believe we're going to stabilize here, since i think the worst of the liquidations is behind us and we do have the next very strong support line of 47 000, which i don't really think we're going to get to in this particular cycle. Here.

I think there would have to be a whole lot more of a risk off movement. The uh ethereum is there's no surprise. Here i mean we are sitting very strong at 4, 000. uh, very, very strong resistance uh when we're below it very strong support when we're above it then uh.

Of course we have uh. Let's, let's do a quick little look at shebe here, shebe? Technically we are so we drew a fibonacci on this. Fibonaccis are not ideal for trying to find the best and most high quality support and resistance levels, but they are useful when you don't have a lot of evidence to go off of and honestly it hasn't done bad. We drew the fibonacci pretty early and it held firm at 61.8 percent uh.

It did hold pretty well at 38.2. It briefly bounced off of the 50, so the fib's been working quite well. We channeled between the 50 and the 38.2 channeled here then we channel - i mean look at this, then we channeled between the 38.2 and the 23.6 uh and now we're kind of playing the uh, the 23 6 as a resistance level uh. This has been a little bit of a rough sell down, but honestly i mean looking here in hindsight.

The fibonacci has has been something we i mean that has been pretty dang accurate, so pretty impressive. Clearly, a lot of people using the fibonacci which remember the more people are using it, the more effective it becomes. So this is a little bit of a crypto update. I really appreciate you being here.

Thank you so very much for watching this. If you found this helpful, consider sharing and subscribing we'll see what happens with turkey pay attention to that one. It's actually good for crypto, in my opinion, because it shows the failure of fiat on how we can all develop and folks we'll see you in the next one thanks. So much for being here.

Goodbye.