Ivan on Tech analyzes Bitcoin entering its buy zone while reviewing altcoin performance across a falling market
Ivan on Tech presents a live market analysis session covering Bitcoin's drop to the 200-week moving average, altcoin performance, and trading philosophy.
Summary
Ivan on Tech (Ivan) delivers a live market commentary session in which he celebrates Bitcoin entering what he calls the "buy zone" — the region around the 200-week moving average — a level he had been anticipating for months. He argues that while current prices are attractive for long-term accumulation, the most likely near-term direction is still lower, with a potential grind sideways into Q4 before any bull market resumes. Ivan plays a clip of Cardano founder Charles Hoskinson expressing frustration over ADA's price decline and stating he has no governance power or treasury access, which Ivan uses to illustrate the risks of investing based on founder personality rather than price trend. He also tracks Solana's continued decline toward his long-standing $30 target, which he called in January, and discusses the broader market environment including NASDAQ futures, the MSTR preferred share "STRK," and various altcoins including Chainlink, Zcash, Monero, Hyperliquid, and Algorand.
Key Takeaways
FULL TRANSCRIPT
Bitcoin Enters the Buy Zone at the 200-Week Moving Average
Ivan: Welcome to another episode. As you can see, we're a bit happy today because Bitcoin went into the buy zone. They said Bitcoin will never go into the buy zone. Your favorite bull influencer — who is mega bull, always mega bull — got you wrecked, and is now complaining that Binance is manipulating, Wintermute is manipulating. And we are just here with a massive, absolutely massive amount of capital to deploy in this green box. I love this green box. I've been staring at this green box for so long. We are in the green box. People said, "Ivan, you need to say goodbye to the buy zone. Bye-bye." It's a buy zone, not a bye zone — but turns out it is a buy zone. And we did now go into the buy zone. Fantastic, guys. Fantastic.
So we are now at the 200-week moving average. I love this thing so much. We went into the buy zone. We had such a clear bear trend, but even I — emotionally, when you see this going up without the money line, guys, it would be so hard. But with the money line, we knew it's a bear trend. By following TA, we knew it is a lower high, and this is just another lower high. And now when you reap the reward, you can reap it with both hands. We're reaping the reward here so bigly, with our big hands, taking it fully. The reward, man, is nice. It is nice.
But here is the problem. We are all monkey brains. We're all monkey brains. If you don't have a system, you don't know what trend we're in — bear or bull. You don't understand anything about TA. You're simply at the mercy of the market, at the mercy of your own head, which is not functioning correctly, because no one's head is functioning correctly in the market.
So, Bitcoin — fantastic, guys, fantastic. 200-week moving average hit. Bam. Very big chance we go lower. But even here, to buy in the buy zone is still long-term a very good price. Long-term, this is a great price. This is a great price. Now, there is still a possibility that we go lower into the buy zone. The buy zone is a box where it can absolutely go to $40, absolutely go to $30. But at the end of the day, here at around the 200-week moving average, it's a good price. It's a very, very, very good price.
Shoutout to Community Member Banksy
Ivan: Now, as we're looking in our community, I see Banksy. I want to give a big shout out to Banksy from our community, because this guy — he's longing and shorting. For example, he was longing HYPE, he made $11K from one account, from another account he made $7K longing HYPE, and from another account he made $4K. This guy is just raking in profit like a maniac, and this was all yesterday, on the 3rd of June. Big, big shout out to Banksy. He's part of Mechanical Rules, big shout out to Banksy — rules in our Discord. This guy is a machine. Absolute, absolute, absolute machine.
Near-Term Outlook: Likely More Downside Before the Bottom
Ivan: Now, guys, Bitcoin — we expect it to go lower here. But still, now is a good price. If you want to buy, it's a good price now in the buy zone. Fantastic. But, guys, the likelihood is still that we go lower. We will be keeping you up to date. And because we have the war chest — from October, on the 8th of October, we went risk-off, we were super careful — we have a big war chest.
The problem with not following a system is you don't have any money now. If you bought ADA and you never sold it in October like we started to do — going risk-off — you have a big problem now. Why? Because it's down a lot. It's at its all-time low, basically. ADA all-time low. And the founder is saying that he's taking a break. Charles said he's taking a break now. He cannot handle it. ADA going down a lot. Going down a lot.
And I want to give you a bit of encouragement here, because yes, previous mistakes were made, but you can all correct it. You can all correct it. One cycle, your life will be changed — your life will change if you actually change your behavior. I myself am an example of that. In my book Big Profit, I told you how I lost almost $10 million, but you stay for another cycle, and if you apply the lessons, your life is changed and you don't even remember what happened when you were wrecked. So everything is recoverable if you change your behavior. Very important.
Charles Hoskinson on ADA's Decline and His Own Powerlessness
Ivan: But speaking about this — this is why you don't follow fundamentals, you follow the price. Because many people love ADA, they love Charles. But now Charles is saying, "Guys, I'm tired. I don't know what to do." People think he's 60 years old, but he's just 35 or something, and he's saying, "Guys, I'm tired. I'm tapping out and I'm taking a break." Listen to this.
Charles Hoskinson: "So this year is going to be very hard. The second half of the year for Cardano, we're probably going to see more depth in DeFi die and a consolidation happen. I'm not exactly sure what my role or place is to resolve this. I keep getting criticized relentlessly online. People every single day post on my Twitter feed the price of ADA and blame me for it collapsing. And I'd really like to know — I'd just like to understand what my agency is here. I don't have any special powers with Cardano. I don't have any governance keys. I don't have any ability to even initiate a hard fork, much less a protocol parameter change. I don't have access to the treasury. I don't even own the trademark for the name Cardano. All of the funding that was given for growing the ecosystem and governing the ecosystem was given to separate entities, and at the all-time high it was billions of dollars."
Ivan: I mean, come on, bro. Come on. You're Charles. People hold the coin because of you. And he's like, "I have no agency." Well, you set all of this up. You made the coin. You made all of the entities. You made all of it. Who else? I did not make it. Matt in the chat did not make all of these entities. And he's like, "Okay, I set everything up in such a way — so don't blame me. I set it up so I have no power." There's a billion entities doing research papers. They do God knows what — not too much. They are paper-pushing. But don't blame me, I'm not part of them. You made it. You made all of it.
Man, isn't that super convenient? It's super convenient, guys. I mean, that's the best. If I were a crypto L1 founder, I would also take all the money — a lot of money I would take — and then make it so, "Hey, I cannot do anything now. Okay, guys. Bye."
That's the lesson from socialism, in a way. If you go to ex-Soviet countries — Russia, anywhere else — they still have this mindset that if someone does not own something, no one cares. You go into a normal apartment building in Russia, you enter the stairwell and it smells like piss, because people don't care about the common area. You come into the apartment itself and it looks like Saddam Hussein's palace, like Versailles — it looks amazing. But then you go into the common area, into the staircase, and it smells like piss. This is the lesson from socialism. If no one is in control, no one owns it, no one cares.
So I could have told you this a long time ago. But maybe it's by design. It's very convenient: "It was not given to me. So how can I exactly influence and grow and solve this problem for you? I'm being honest here, and I really would love to see an answer. What power do I have? What control do I have over this?"
That was the message. Love it. Love it. I mean, with this attitude, obviously — nothing. So anyway, that's it for Cardano. Maybe it's the bottom. Who the hell knows? It can still go down another 90% before the bottom. But at the same time, there are so many bag holders. So many bag holders. And the freaking founder just tapped out. He said he's taking a break.
Soul Crushing as a Bullish Signal — Q4 Target for Recovery
Ivan: I love this. Bull market is going to come later this year, because this is the soul-crushing. You remember I told you about the soul-crushing? People said, "Ivan, what do you mean soul-crushing?" I said, "Listen, until the souls are crushed, no bull market." Until we take, like in Runescape, a pestle and mortar and we crush them — we pulverize. We grind, like in a coffee grinder, the souls to very, very fine particles. Everyone tapping out. Every bull who thought we're going to go to bull market, but it was just a lower high. They said, "Hey, we're going to miss the bull market." Souls need to be ground. Fine grind. Fine grind. You know, in the coffee machine, you select which grind — fine grind, fine grind, super strong. Big density of the grinds. This is the best. It means that we're now close to bottoming out.
Solana — I don't know, guys. Sorry. I don't know. They can still drop a lot. But timewise, it's Q4. Likely Q4. Very, very likely. Still, the reason why I'm not saying we're bottoming out now is because it is a falling knife. Everything is a falling knife. So there is no way we bottom out like this and just go. For Bitcoin, it's impossible. You need consolidation. You need sideways. That's why I'm saying Q4 — you need like a nice quarter at least to go sideways. And here it's still going down. So we can very well go like this and then grind here for a few months. That's why I'm saying Q4.
And by the way, we're going to $62. Let's go to $62. Let's go below $63. Let's do it now. Let's do it now. Very, very nice. Especially here, guys, if we can get lower into the buy zone, below the 200-week moving average — it's so cheap Bitcoin. It's so cheap. It's like your Turkish guy in the bazaar. You go to the bazaar, he gives you watermelon at minus 50%. It's so cheap. It's so nice. Bitcoin below the 200-week moving average is like that guy selling watermelon at a big fat discount. Big fat discount.
Solana Approaching the $30 Target — Ivan Claims the Receipts
Ivan: Now, looking at Solana — oh my God. Solana going to $30. People said it's not happening. We said Solana is going to go to $30. I have all the receipts, guys. Don't worry. I have the receipts. When I said it's going to go to $30 — like in January already — I have all the receipts. They are collected. We're going to apply for the Nobel Prize in economics because we said it's going to go to $30. And boom. It went from $90 to $68.
Holy crap, guys. Very, very nice. It's a falling knife. Don't buy it now. Falling knife. Falling knife. You don't want to touch a falling knife. You want consolidation and then maybe up. Let's see when it's going to happen. But guys, we're like halfway to $30. We're fantastic. Holy macaroni, guys. So yeah, the fall to $30 — we're like a third there. Literally this week we could be at $30 Solana. It could happen. It could happen. I have all the receipts. People said it's not going to happen. I said, "Listen, let it play out. Don't be so eager." People are so eager in the bear market. Bear market just started. What do you mean you're so eager for a bottom? Don't be eager. Don't be eager. Standard bear market is one year. We said it takes time. These things take time to play out. Don't be so eager that it's a new bull market. We don't even have a higher high.
Ethereum and Other Altcoins — Broad Bear Trend
Ivan: ETH — let's see what's happening. Even in this situation, ETH is so boring. I don't know what to say about this bear trend, but it's like the same price as in 2025, the same price as 2020. ETH is so sleepy. I don't trade it because I need volatility. Without volatility, I cannot do my magic. Yeah, let's see. Maybe it goes to $1,000. I guess that's the support. It's even hard to say where support is because it's been chopping here so long. There are all kinds of supports everywhere. But yeah, ETH — for ETH, we just need a new bull trend for it to be interesting. Let's see what's going to happen there.
Zcash — man, even Zcash dumps. Even the strong, strong Zcash dumps. HYPE dumps. SOL dumps. Everything dumps. Everything dumps very much.
STRK — Saylor's Fundraising Problem
Ivan: STRK is going to open at $94.20. Someone asked about STRK yesterday, and we made a nice song with the answer. Let me check the STRK chart. Oh, holy crap, guys. It's at $96. I missed this dump. It happened yesterday. Holy macaroni.
Guys, with STRK — it looks very bad because Saylor has now 11 days to raise money in June. If he cannot raise money before the 15th of June, no one is going to buy STRK anyway because the dividend date has passed. And for him to raise, it needs to be above $100. Now it is at $94 and going down very quickly and not coming back up. So I think this month it could very well be that Saylor raises zero with STRK. It could very well be like that.
Stock Market — NASDAQ and Upcoming IPO Liquidity Drain
Ivan: Now let's look at the stock market. What's happening? The futures are down a bit. NASDAQ coming down a bit, guys. If NASDAQ takes a bit of a hit here — maybe goes to 680 just to test the bull trend and then continue — imagine what crypto is going to do here, guys. This buy zone is going to be crazy for crypto. If NASDAQ just cools down a bit — doesn't even go into bear trend, just cools down a bit — and many people argue that this AI rally is fake, it cannot be sustained. Maybe, maybe. I don't know. I just follow the trend. Trend is bullish, so we're bullish. Could it be sustained? Maybe not. But they can still make this pump and dump 10x anyway. You understand? So it's — I don't predict too much. If it's bull, it's bull. If it's bear, obviously we pay attention.
Altcoin Rundown — Chainlink, DOT, ADA, TRON, and Others
Ivan: Someone asked about Chainlink in the chat. Let's see what's happening with Chainlink. Yeah — look here. It's near all-time lows. Or is it? Not really all-time low, but kind of. Yeah, I mean, there's nothing to say. It's a bear trend. It's a lower high. It's very weak. It's a falling knife. It just wants to poop the bed. And $5 is the next support. That's the next support for Chainlink.
DOT has no support. It's all-time low. ADA — next support here at around $0.15. Straight down. Straight down.
TRON — man, TRON is still bull. How can TRON still be bull? I don't get it. It got rejected here, but still bull. Big shout out to Justin Sun. I don't know how he does it, but it still looks quite okay. Yeah.
Pengu — not looking too good. Bear. TON — actually a bit of bull here. A bit of bull. SUI — bear.
Community Sentiment — Grilling the Crypto Superstars
Ivan: Look here — we really got REV versus someone, start PvPing, who will blow up first. Now, guys, this is also one of those things which means that the bottom is likely soon. Bull market is likely soon. Because it's so negative. The superstars of crypto are getting grilled alive by the community. We're also grilling them. They need to be grilled — especially Saylor. Tom Lee — I feel, except that he said it's going to go to $62K, which was for guys, and he said the timeline is like December last year. Overall, he has a bit more sound business model because ETH has yield, so he has a bit of money to distribute or to incentivize. Michael Saylor is just the Eggman. Like someone says in the comment section — he's just the Eggman. He buys all the eggs, and who's going to sell the eggs? No one to sell the eggs to. So yeah, that's that.
But yeah, this kind of bad sentiment — souls are being crushed. I'm always trying to read how much the souls are crushed. Are we fine-grain yet, or is it still too big a grain and we need to crush more? I feel here it's becoming nice fine grain. Nice fine grain. We can use it for the next bull. So yeah, that's that.
Zcash — FUD About Network Stopping
Ivan: Zcash — some FUD about Zcash stopping the network, but it did not stop yesterday. A bit of FUD. Oh yeah, also I love this — Saylor escaping the falling ship of BTC and seeing the Zcash ship arriving. Yeah, let's see.
Q&A — Algorand
Ivan: Next, a bit of questions from our Discord. What do you think about ALGO? Let's check ALGO/USD. ALGO/USD daily — new trend, a bit weak, but okay. It's below the 200-day moving average. So yeah, a bit concerning that it couldn't really get above it. On the weekly, it is bear also. So yeah, I wouldn't touch it yet. I would wait for the weekly to go bull here. It's too weak.
In terms of fundamentals, guys — I don't see anyone using it. I don't see too much. It's not really the star of the show. I don't see any big DEX, any big project. I don't think fundamentally it has any chance against even Solana. If something great is going to happen there, I have a big question: why hasn't it happened yet? This thing I remember from 2019, 2020 times. If something's great is going to happen here, why hasn't it happened yet? It didn't have anything even close to comparable to Solana. So fundamentals — just throw out the fundamentals. Nothing's going to happen here. Now, pumpamentally, if they enter a new bull trend on the weekly — okay, then we check. Then we can trade it. We can profit from it. Fantastic.
Q&A — Why Zcash Over Monero and Bitcoin CoinJoin
Ivan: Why can't XMR keep up? Listen, the answer is simply that there is a combination of market makers pushing Zcash. It's basically a consensus that we all push Zcash. Is it better fundamentally? Maybe it's a bit better, but I haven't seen anyone getting their transactions exposed using Monero. It can very well catch up. It did have a nice run — it pumped from $100 all the way to $800. So it's not like it did not have a pump. But yes, now it's not really following. And maybe if it goes to bull trend, that's going to be the signal that it will start following. So don't discount Monero yet.
Why doesn't it pump? Many reasons. One of the reasons is just that in crypto, someone needs to come together — we need to agree what we pump. In one way or another. In 2017 we all agreed, let's pump — as a collective. It's not like we communicate with each other. It's just that it pumps and then I buy, but someone needs to ignite the initial ignition. Likely a market maker. Likely there is a plan to get the initial ignition going, and then we all have a narrative and it becomes bigger and the narrative becomes stronger. This reflexivity needs to be reflexive — so Zcash pumps, people discover the privacy narrative, they love it, it pumps more. Monero should also have it. Should also have it. But clearly as a community, we're not really pumping it yet.
A big part of the price action is like that. So that's why we don't look at fundamentals more than we look at the chart. Chart is important. Monero doesn't pump because it's in a bear trend. It has a worse chart. Don't overthink it. Zcash has a better chart, so it pumps. Monero — if it goes to bull trend on the weekly, okay. But it has nothing to do with fundamentals. Trust me. Nothing. What is the fundamental of Dog With Hat? There's no fundamental. It's just that there needs to be a bit of collective hive mind. And now everyone loves Zcash. Don't try to understand it. Just be part of the trend. Maybe everyone loves Monero in the future. That's it.
Now, on the specific question about why not use CoinJoin on Bitcoin instead of Zcash — as far as I understand it, Zcash with the zero-knowledge proof and the house building, it's quantum resistant. It has way more properties than just CoinJoin, which is like duct tape on top of Bitcoin — a protocol on top of Bitcoin, and it's a bit duct tape. It's still not quantum proof. Zcash is quantum proof. Also, it has no Saylor. There are many factors here. Zcash has no Saylor. It's cheap. It's quantum proof. As far as I understand, the way Zcash is built with ZK knowledge proofs and everything, it's better than CoinJoin by another magnitude.
Also, another thing — if you use Bitcoin and you use any of these privacy things, somehow from a regulatory perspective, it feels a bit uneasy. And let me tell you why. In CoinJoin, basically the way it works is that your coins are blended with other coins. And guys, I don't know if they got blended in some wrong way. Maybe Kim Jong-un also blends coins in my CoinJoin. I don't want that. Because in Bitcoin, you know that all coins can technically be tracked. But here they make a transaction where there are a bunch of inputs and a bunch of outputs, and your coins, Kim Jong-un's coins, mafia coins — all kinds of other weird coins — they all go into one transaction as input, and then as output you go into different new addresses, and it's impossible to piece together. But still, someone can say that your coins are Kim Jong-un's because they were in the same transaction, and then you have to explain. It's tainted — exactly as someone says in the comments, it's tainted.
So personally, using privacy stuff on Bitcoin, I'm a bit uneasy for that reason. And also there have been a lot of legal attacks against all of these privacy mixers — whatever they're called — there's a bunch of legal attacks against them. So I don't want to be associated with that. With Zcash, it feels somehow different because Zcash is not under legal attacks. And if there's no way to track what happened, and you use confidential transactions, there's no issue where you get confused with Kim Jong-un — which is an issue in Bitcoin. So that's my two cents. Can we use CoinJoin? We could. But there is a whole market for a privacy-native blockchain, and I like that it's not privacy like an add-on — this blockchain is privacy native. I like that. It's not weird that you use privacy here; everyone uses privacy here. So yeah, hope that makes sense.
Q&A — Hyperliquid vs. Solana, Accumulation Strategy
Ivan: Ivan, I heard you discussing in several videos how Hyperliquid is strong in this upcoming cycle and how it might take Solana's place as the future NASDAQ. Also, the fact that maybe Solana won't beat the crypto outperforming of the last cycle. Well, we don't know. We just have to look at the trend. If Solana goes to $30, we buy anyway. Solana at $30 — I'm still going to buy to accumulate some SOL if it hits the buy zone.
Now, seeing what HYPE is doing now — what's your approach? Well, now Bitcoin should be lower. Is it $62 yet? Oh yes. Let's go, guys. It's going down like we want. Let's go below the 200-week moving average. Let's go down. Very, very nice.
So, would you consider accumulating HYPE now instead of Solana at $30? It's not either/or. The problem with HYPE now is that it's not a new trend. That's the problem. You want to be in new bull trends. So if Solana goes to $30 and then enters a new bull trend — man, it's amazing. And forget this NASDAQ narrative — the fact that we discussed it is a secondary discussion. In terms of price, you want to be in new bull trends and you want to be in early.
Now, the problem is that Solana is not at $30 now. So it's not really an option yet. But if it would be at $30 today and it enters a new bull trend, I would pick that instead of going into an existing bull trend in Hyperliquid. But Solana is not at $30, so it's not an option even. So you just have Hyperliquid then. And here — if it goes into bear on the daily, you can wait for it to go to a new bull on the daily. That can be one option.
But don't see it as either this or that, because it's all about: are you in a new bull trend or not? Yes, Hyperliquid now is running circles around Solana in terms of NASDAQ narrative for this cycle. But still, the trend is more important. A new bull trend is a more bullish signal than fundamentals. And Solana is still one of the biggest, most-used chains anyway. So yeah, that's that.
But if you ask me, will Solana go to $5,000, $3,000 — for those discussions, then yeah, likely you need Solana to also be the NASDAQ of crypto. For those discussions, yes. But if Solana is at $30, man, even if it goes back to $200, it's very, very nice. And for it to go back to $200, it doesn't have to be the NASDAQ of blockchain. So yeah, let's go to $30 Solana. It would be a fantastic price. Very, very nice.
And guys, if we submit the Nobel Prize application in economics, please support us with the voting. I don't know how it works with the Nobel Prize, but we're going to send it in. I haven't seen anyone calling Solana $30 in January. I have the receipt. I have the receipt.
Q&A — Risk of Bitcoin Staying in the Buy Zone Long-Term
Ivan: What is the risk of crypto not going up but staying in the buy zone for a long time, given the stock market and air crash post-IPOs? Yeah. So I think that if the stock market now takes a bit of a hit — which it could do — we have a lot of extraction in the coming weeks with the SpaceX IPO. They're going to extract so much capital from the stock market. Maybe stocks even dump a bit because institutions raise money to buy the Elon Musk IPO. Maybe, maybe. I don't know. But there's going to be such a liquidity drain with the SpaceX IPO, with the Anthropic IPO. So yeah, let's see.
I think there is a good chance that Bitcoin takes a bit of a hit. And now is a good time to buy also, but especially lower is going to be fantastic. It goes lower into the buy zone and then maybe we grind until Q4 — just sideways. Stocks maybe also find some kind of bottom. Maybe something like that. Or maybe the stock just pumps. We don't know. We just — whatever happens, we're going to be part of it. That's the best thing with the money line, with the money scanner, with the whole Bull Menu approach. I mean, actually, I don't care what happens. It doesn't matter to me if AI is going to pump the market or whatever happens. We see clearly what to do. It's very clear.
Q&A — Can Bitcoin Go Below 2022 Bear Market Lows?
Ivan: A lot of cryptos that held support over the last bear market have lost support and went below 2022 bear market lows. Do you think Bitcoin can do the same and go below 2022 bear market lows?
It can happen. Nothing is impossible. Can it happen? It can 100% happen. For that to happen, it would be quite extraordinary. But can it happen? Theoretically, yes. Practically, I think the chance is very low. Extremely low. Because just the amount of buy pressure that will be coming into Bitcoin here in the buy zone is crazy. I mean, we will be deploying capital, especially as we get into a new bull trend later on in the year. I don't think it's going to happen. Bitcoin is too good, man. It's too good of an asset. I don't think it's going to happen. Never say never — markets always surprise you. Could we go lower? It's possible. But I don't think it's going to happen.
Someone says the realized price of Bitcoin today sits at $54K. Good chance we go lower than that. So nobody is in profit. Could happen. Yeah, $54K is super close. Super close.
Q&A — Monad
Ivan: What do you think about Monad? Let's check. I think it's down a lot. Let's see. If I have to guess, I think it's a bear trend. Let's see. Monad. Okay, so it is technically bull, but it's very weak and it's almost going back to bear. Yeah, it had a fake-out here. It can also happen in trend following — sometimes you have a fake-out. So yeah, this bull is more of a fake, but this bear was exact. Yeah. So there you go. Don't touch until it's a real bull.
Q&A — Buy Zone for Hyperliquid
Ivan: What's the buy zone for HYPE? For HYPE, I don't really have one. It's a bull trend. You don't need a buy zone. Maybe when it goes bear we can have a bite. I would say — it's a bull trend. I don't even know if it's going to go into bear in the near future. So I don't even have a buy zone. But anything below $40 is probably a good deal for HYPE. If it's below $40, it's a good deal. But you can just wait for it to come back into bull trend also, and that's it.
Listen — the buy zone is an exception from the system. So don't have too many exceptions. It's better to just follow the system. You're bearish when it's a bear trend. You're bullish when it's a bull trend. We have only two exceptions from the system: it's the Bitcoin buy zone and Solana going to $30. Those are the only ones. Other than that — because doing a buy zone is basically front-running the bull flip. It's being a bit naughty. So don't do it too much. Sometimes you have a buy zone, you think the asset is good, and it just goes to zero. You disrespect the bear trend. When you do a buy zone, you disrespect the bear trend. So the only buy zones I have are BTC and Solana at $30. That's it.
Q&A — Technology as a Trading Edge
Ivan: What about the tech? I mean, we love tech. I'm a computer scientist. I'm a tech person at heart. But when it comes to the markets, you have to put technical analysis first. TA — technical analysis — it also has the word "tech" in it. Tech and then technicalities. Fundamentals are second. Always. Always.
Because also, tech is open source. Everyone has tech. You have tech, I have tech. Bitcoin as tech is open source. I can copy-paste Bitcoin. I have the same tech. I can copy-paste Solana. I have the same tech as Solana. Literally now I can go to GitHub, I can clone it. I have the same tech. What? So what are you going to do? I have the same tech. Am I valuable because of tech? I can copy it. Now, if you have the same tech — so what happened? Where's the tech? Tech is not an edge. Technology is not an edge. It's not an edge in business. It's not an edge in the market. It's not an edge, guys. As long as you're not some kind of bio company pharmaceutical with a patent — maybe then it's an edge. Or you do bleeding-edge AI. But even when you do bleeding-edge AI, the Chinese still copy you so quickly. So it's not even good anyway.
Q&A — Being Bullish Then Bearish: Consistency in Trend Following
Ivan: This guy was pro-Ivan like months ago and now he's bearish. You're right — it was a bull trend, we were bullish. How do guys like this perceive things? Do you have a working thought process? Does it function? Because some people say, "Ivan, you were bullish." Yeah, we were bullish until Q4 last year, and then we're bearish. You literally see it on the chart. Do you see bullish? Can you read? I don't know how much time I have to explain it. You have to be bullish in the bull market and bearish in the bear market. The bear market started in October. So we're bearish since October. Is that clear or not clear?
Maybe you're new. Maybe you're new. The reason I'm a bit irritated is because we have covered it so many times. Literally — when it is sunny, you have sunglasses. When it is rainy, you have an umbrella. When it's raining, the guy comes to me and says, "Ivan, why did you have sunglasses yesterday and now you don't have sunglasses?" Maybe it's a troll trying to trigger me. Maybe. But then you get entertainment.
Q&A — Harsh and the Solana Car Story
Ivan: Harsh buys a car at the top of the bull and sells it. Exactly, man. Harsh — what's happening? Alan, you said Cardano had good tech. I don't think we even said that — but it always had good peer-reviewed papers. It always had good peer-reviewed papers.
But wait — is it the same Harsh? Are you the same guy that I told to buy a car when Solana was at $200? Is it the same guy? When Solana went to $200, I told you: buy the car. You didn't buy it. Now it's at $68. That's why you listen. It's the same guy, man. Come on.
Okay, so you talked to Matt. Okay, guys, wait. We have a bit of discussion here. We need to figure things out. Big shout out to Harsh. If it's the same Harsh, then he's our guy. Exactly. But the car was at $200. Now you can buy 30% of the car. You can buy the frunk — what's it called, the front trunk? You can buy the frunk and you can buy the steering wheel. The rest you cannot buy anymore. At $200 you could. Now you cannot.
Big shout out to Harsh. Keep up the spirit. New bull market is coming. We're going to make you a car. We're going to make you a car. Be happy. Don't be sad. Be glad and ecstatic because a new bull market is coming. And it's going to be great. It's going to be great. If Solana goes to $30, maybe you can buy the front line. Okay? Maybe you can buy the front line. But we're going to figure it out, man. We're going to figure it out.