CRCL

circle. I did mention Circle Jerk in my little uh video yesterday. I said uh it's going to 130. Let's see what I was saying is circle's already in the list. Where is it? Circle, circle, circle. There it is.

what I'm looking at here circle couple of things. One buy signal down here around 80 84 bucks. Good time to buy under that level four level. I think it's easily going to level five to 107.

And then after that 130 up here. So I might as well draw that in because that is what I think we'll be at in a year.

So, one is Circle. Um, how do I say this? So, Circle, we had a trade running in it. Stopped out of it. It was actually all of my circle trades have been profitable, but gave up a good deal on that last move because it looked to me like it broke support.

I have to I have to actually after seeing Friday's action, I actually prefer and I think Garrett, some of you guys that follow Garrett, I think he has this count where he has this as five waves here.

I agree now after this move that at least it's probable. However, we only have three ways off. So, I want to see five waves out of this. Regardless, based on what I'm seeing, I am bullish this black count as long as 63 holds.

Wait, wait, let me check that. No, I think that's wrong actually. Sorry, that's the old support. Yeah, it's 6630. So, move that up. As long as 6630 holds, I'm giving this a good chance.

And a little bit of convergence news, CZ buys a $100 million stake in Circle. circle is the USDC issuer and that's a big deal that they got into. Now CZ is a clever fellow. Why would he drop $100 million into Circle if you didn't see a lot of return?

He is what I call smart money. And I've always said stable coins print money and they make money on the money they print. So it's a bit of a no-brainer.

Our "Circle" stock is rising, and rising strongly. Why? Because the Securities and Exchange Commission gave the green light for tokenized stocks. In my opinion, this is why we are seeing excessive liquidity at a record level , and this is why we are seeing Circle.

This is a beautiful one, too, on the chart of circle CRCL. I bring you these breakout retrace plays weekly, if not every other day of this show because guys, they're so powerful and lucrative.

You don't have to do much to understand how this price action is breaking out. Simply rewind the time, scroll back on the chart. Look at this from this pivot high, take a trend line, draw it down to the next pivot, and draw that uh trend line and extend it out further, ensuring that pivot stays right there on that trend line.

And then this tells us the story. You can see when I zoom in, we had price action break above. We actually finally confirmed here and here. Retraced, bounced. Now we're getting another retrace play.

Throwing that money in stable coins would have obviously been good for companies like Circle or Coinbase or whatever and bad for banks.

Throwing that money in stable coins would have obviously been good for companies like Circle or Coinbase or whatever, and bad for banks.