Meanwhile, my name is Nicolas Merton here a day, and today is March 10th of 2020. Well folks, I hope you are having a fantastic day wherever you are, and in today's video we're, not only gon na be diving in deep into cryptocurrencies. Taking a look at the old coins that I'm currently bullish on, but along with that, as well, taking a look back at traditional markets and seeing how we've not only had a rebound overnight in futures markets for major equity indices like DSP 500 and the Dow Jones. But along with that, as well taking a look back at yields on bonds and seeing how we might have bought ourselves some time before we enter into negative territory as we've stopped the freefall in US Treasury yields. So anyways we've got a lot of things to discuss throughout the video let's, go ahead and start diving in to crypto currency markets. So we can see here across the board, most crypto currencies, aren't a note, rinse and error between one or two percent to the upside or downside after the pretty dramatic sell off that we had across the board. Here, however, we do have some players coming out. On top some large, a theorem plays like loop ring, for example, picking up 18 here in the last 24 hours. That could play a huge role and scaling synthetics Network and the sense of building synthetic assets. Part of the defy ecosystem and then also a few other plays that we've had for this year, such as steam and basic attention token, and a few other broader, plays as well doing well, but right now I want to start by taking a look at Bitcoin here.
Bitcoin has made some key support that I wanted to see, and luckily we were able to get it, and that was us holding support here with the logarithmic line of support that's been around since back here in 2015, we were able to hold on to it. Hopefully, over the next 24 i 48 hours, we'll see whether or not it can hold and actually sustain itself and hopefully start moving higher from this point on meaning that the correction that we've had here of over it's around 20 i 25 percent. This is over 20 i 25 percent correction, yeah, 25 percent. Felly, generally speaking, this 25 percent correction that we had will finally be over and will start to be picking up towards higher levels here, not only retesting back up here to the resistance range that we've tested back here over here in February, but also testing back up Towards the line of resistance here and hopefully breaking through as we towards the having event, it might be that we continue to coil in upwards and towards May until we get the having event. But who knows, generally speaking again, our timeframes for a much longer term horizon all right now, along with that as well, I want to go ahead and dive into some altcoins, as I promised at the beginning of the video. I know some of you out. There have been wondering about one of my positions at the moment. Am I still long on a few certain place and honestly guys, I haven't adjusted my positions too much for those of you who keep active with the channel and follow my daily updates.
You guys will probably know what positions I currently hold, but for those of you who don't follow daily, definitely hit the subscribe button in the bell icon and always I always appreciate it and we always want more people join the family. But I want to go ahead and talk a little bit about my current positions. Felly, while you were asking, am I still in basic attention? Tocut, yes, I'm still in basic attention token, this is still one of my larger all claim positions. We can see here that, even though we haven't gotten as much of a rally as we've gotten with fervor, say chain linked or Khyber network, this is still a play. That has a lot of potential if we take a look at its Bitcoin comparative chart here for basic attention took, we can see that we're, currently holding a support range that we've seen historically that usually kicks off at least a short term rally at a minimum. So I think that we're going to start building up here quite soon, the SMS indicators not looking too good but again I'm winning for a good Green week or two here to see if we can test back up to this resistance range and then eventually get back Up here, to really get to our first resistance mark here at around 5200 Satoshi's that's we're, going to take my first partial share and after that I'll take my second partial share here up here at 7000 Satoshi's and then up here around 94 i 9500 Satoshi's.
So those are my three levels and watching forms still holding all right – I'm, not trying to trade around with this too much still holding the position solid, a solid position, the next one, as well as khyber Network Tibor network, has just been blowing me away every single Day I look at this, not only in the sense of the week multi week performance here when we first built our position back here around the mid 2000s at Ocean range, so we're not only way up in our position, but also how we were able to hold Here, above previous resistance right, you can clearly see here around 78 i 8000 70 108000 Satoshi's that there's general resistance here for over three times in the previous history. Right now, it looks like we're begging support on this. If we take a look back on the daily, it becomes even more clear here guys we're, setting higher lows and we're testing up for higher highs. This is what I want to see and not to mention if you take a look at the actual market capitalization for Khyber Network it's, not ridiculous whatsoever, if you're really proposing the idea that Khyber network can be the base liquidity layer for defy with how big defy Has yet to grow like in this case, maybe we've got a long way to go in the sense of its full potential and, along with that, as well with how much crime earner has been able to achieve processing over a hot.
I think about 170 180 million dollars in volume back in February. I think this is proving the defy is here to stay. The Khyber Network has got a lot of room to grow and at a market cap of I think, it's around, like 150 million something around that ballpark I could be off. We could take a look at it real, quick. We go here real, quick, we'll type in KNC there you go so let's, see if I'm on the money with that market capitalization, so even last 132 million, so with the with a pullback in bitcoins valuation, we're, currently sitting at 132 million. But the key thing here is that the Bitcoin comparative chart is killing it it's continuing to hold up even in an environment where all coins aren't generally gaining dominance. Right now so what's gon na happen when the broader Alcoa market starts to pick up, I think I've run out what keeps going up, and I think that now that we've made clear that this is no longer resistance. The next significant range is somewhere up here. Between 28000 and somewhere, around 40000 Satoshi it's a very rough range of a resistance here, because there really just isn't any point, part of price that has gotten me concerned at this point, and the momentum is obviously building in with the volume that's following. So I like seeing this anyways going on to talk about a few of our other plays here. We also have Ren.
This is another one that a lot of you have been wondering about. Well, Ren is continuing to set higher lows here. In this case, it's got strong momentum. One of the few plays that are outpacing again I've had this drawn here ever since we did our analysis on red over the last few months and right now, if we take a look at the auto chart here, we can see here that the momentum seems to Be building up here, Ren is beyond up from around 450 Satoshi's, all the way up to 846, even after a pullback from 974, and I think that this is easily an attest back up to this range. So the I've gotten rent it's a smaller play, but I do still have some exposure to rent I'm hoping to make it back up to this range before I take any kind of partial share or profits. So anyways that's my general position on Ren Ren's, still looking good the concept of liquidity pools in this case. Dark liquidity pools in this case is gon na, be huge in the sense of expanding our defy four institutions. I want to go on here to talk a little bit about link. I don't know what I'm going to see. There is at the top here so it's the the worst performing over the last 24 hours, but ironically enough it's only down 1.4 1 and in reality, it's still holding up basically towards its all time highs in Bitcoin comparison.
All right I mean this is just incredible stuff, guys taking a look at the weekly here, momentum still good on the SMS look at this I mean this is just incredible. So link has been killing it. We started building our positions and link a while ago. I think back here in September, right around 20 25000 Satoshi's, so we nearly dealt. We actually doubled our position in Bitcoin right and in the sense of USD or still way up from where we were back when we entered in here. I think most of my positions were around like 2 now it's 4, so again really good to see here guys. These are the kind of places we want. We want the strength 'full plays. We want the ones that are leading the way we don't want to buy ones that aren't trending right now, because we don't want to fight the trend if things are selling off right, wait until the trend reversal comes in and the market showcases momentum for those plays That you might agree with fundamentally right. Those are the key things taking a mine now for those of you who want to get some exposure to some of my kind of all claim positions. You guys can follow me on eToro I'm, one of the many traders on there copy trader program and for those you haven't heard about he Toro. He Toro is a social trading platform, but for us traders they recently launched their copy trader feature, so you can copy a variety of individuals, so you can see their current statistics on the performance, the current portfolio holdings and also a chart of their previous performance, and If you find one that you like, you can hit the blue copy trader button, where you can copy them, real saw a real real time at the same prices and at the exact same time so anyways.
Just to give you guys that perspective you're, looking just kind of for a simple, easy introduction, a crypto. Now I want to go ahead and dive a little bit into u.s. futures and just use features Global futures because right now, we're seeing a pretty solid rebound across the board in global futures. Right now, after a lot of the scare from one of the worst days, we've had in equity markets in a multi year basis, guys I mean it was a pretty stark, sell off that we had the other day of nearly six to seven percent across the board And you ascend to seize and in global markets even worse, some indices, going anywhere from seven to ten percent, so it's good to see a little bit of a rebound here. We can see a lot of the areas like the Tata wall, for example, which is any kind of in this case of stocks and a lot of foreign regions where oil production is very high and with the price of oil, dropping sparked a huge shock here. Luckily, we're, seeing a little bit of a rebound here, we're also seeing a big rebound a lot of European indices. The CAC 40 here for France right, we can see here rebounding nearly 4 percent euro stocks – 50 up 3.4 percent, the footsie 100 free for the UK. Here up 3.6 percent, the dax here for germany, LOM excess 34, Sweden all doing quite nice and again the Chinese indices as well doing quite nice.
Now we haven't gotten a futures trading just yet here for US indices, it seems like the features are closed off right now, but all in all here, the major thing we're seeing here is a bit of a rebound here across the board, not mitigating all the sell Side pressure from yesterday, but certainly a little bit of a rebound a little bit of relief here now. The one thing I want to talk about here that I really want people to keep an eye on is the fang stocks. So I've talked a lot about aggregating thing together now you can always hear about the fang stocks, but the best thing to do is literally just to add all of the major tech stocks together and I like to add Amazon and Apple when it comes to the Fang acronym because I think they're both relevant tech companies they're both nearly trillion dollar giants that have accumulated so much of the value of the Nasdaq right. So in this case, we can see here that we found in your 20 percent pullback in less than four weeks and the fang stocks from their new all time highs, and the key thing to take away here is that we've not only seen larger Corrections here, and I think we're gon na see a larger one than the one we had back here from September to bat down here in December of 2018, but along with that it's, an important understand the timeframe of these pull backs right.
If we take, for example, the first or weeks right of the last pullback, we were down 7 compared to 20, so you can see the sheer momentum of this sell off here now what's my general target range here right. You know if we really do enter into a recession. What would we want to see? Well, I think that, for the general kind of target that we have for recessions, which is 50, I think we could see the exact same for Fang stocks and may even provide us a perfect support level. For this to happen. If we drag out the box here for the percentage decline, you can see here that in a multi week basis, maybe in a full year's time right of a bear market, we could come down here to 2300, which is a perfect cut in half of the previous. All time highs Ivan gets very reasonable guys. This is what I'm gon na be looking now for here in regards to the Fang stocks over the long term. You can keep an eye on this guys you might agree or disagree, but I would just recommend adding these different stocks together and getting this kind of broad index right, ignore really the you know the the actual numeric value here outside of the percentage change it doesn't Really signify anything, these are, you know, can't buy exactly a you goodbye share of each. I guess in this case, but long story short it's, a matter of seeing the general up and down performance of the faying stocks here, and I really do believe.
I'M betting. My money on this case that we're gon na see prices come down to this support range before we really enter into the next full scale upswing cycle. Now I want to talk a little bit about Treasuries Treasuries. Again. These are the official figures printed yesterday on the continues to climb, however, without trying to spread too much fun as much as these yields are getting very low in the six month, as well as the one year, we're pressing, very, very close to possibly in the next Two or three days going negative, it looks now like we might be getting a little bit of relief now, in the longer term, Channel it's, looking like we're still set for negative rates or negative yields. Pardon me, but we have gotten a little bit of a rebound here, whereas we went down all the way to point 36 down here at the bottom yesterday we are now back up 2.7 percent for the yield on the 10 year moment. That is well taking a look at the 30 year here, right again breaking down to some very low levels here that do you have me concerned, but going up from point eight two to one point: two on the it's. Definitely a nice rebound here, it's good to see this right again guys at the end of the day. Here right, I think we know we're invested in Krypton we're investing a hedging assets. I do not want to see US Treasuries go negative, that's gon na be real bad if they go negative.
Okay, at the end of the day, I have a feeling of confidence that they will it's kind of fixed. In I mean if we, if you can't, tell the general trend here over the last I mean like 30 years. In this case, you know, if you can't see it, you know I can't do anything to help you. In this case, the trend is very clear: we're gon na go negative, eventually right, it's been set in stone for a while, but I really don't want to see yields go negative. In this case. It would be very detrimental not only to the US economy but to global markets and what's. You know, you know, set us into a very, very scary, recession of some sort right so anyways. I just want to stress this point guys in the short term we've had some relief seems, like things might be able to be controlled to some degree in the short term, but I still think the fears around and you know, what's gotten. You know all the markets panicked about right now in the sense of the thing that's spreading globally. I think that that is going to continue to cause fear in markets. I think we're just seeing the start to the pullback in the sense of equities, and I think that bonds are very much gon na go negative cuz central banks are still gon na, be on pace to bring down interest rates to near zero by the next meeting.
That'S, what markets are pricing in right now? What if they don't? Do it that's the important question, because if they don't it's a catch 22, the Fed is trying to supplement Treasury yields right and keep the bottom market stable and they're. hefyd, at the same time, trying to keep equity markets stable if they don't cut rates down to zero percent to stimulate equities, I mean it's gon na be a bloody market. If you think you saw a bad sell off day yesterday, we're gon na probably get a even worse one in this case and or goads to the feds malpractice with interest rates. If that it does tend to happen, I don't think it's going to happen. I think they're gon na drop it to zero or down 2.25 percent either. Those would make me a lot more confident, equity markets in the short term, alright, but speaking of that guys, you know in the sense of cryptocurrency markets right we're, confident here the Bitcoin has found its general bottom here that we're gon na continue to weigh in through The wedge here that we've been building up for a long period of time. I want to go ahead and dive into our sponsor here, which is Clio so in today's, video we're, actually gon na showcase, how to create and plug in API keys into the Clio dot. 1 platform, so you can actually go about utilizing your trading strategies automatically. Alright, so we're gon na go ahead and first start off and make a few things clear before we actually dive into this.
The first thing is that you have to understand a little bit of details about your strategy, so the first thing you have to understand is what trading pair am i utilizing and also what exchange am i planning to use? This is very important to understand about the strategy that you want to use because, quite frankly, you have to plug in each given pair that you want to utilize matched with the exchange that you want to utilize. This is an important thing to understand this isn't as much a limitation of Clio dot, one it's simply just how the API key management system works. So in this case we want to trade chain link against Bitcoin. This is our trading strategy here so generally an altcoin versus Bitcoin in this case right. So a Bitcoin is our actual pair that we're utilizing and we're planning to trade this through by Nance right just to keep it simple because there's not too many exchanges where you can get the BTC pair for altcoins like chain link right, so we're gon na go Ahead, we'll use bond ants in this case and what we're gon na do is we're gon na jump over to my live portfolio. Now, what you're doing you do to this? One known is you're gon na come up here to the top end and you're gon na click on the connect live account button it's, just a nice big blue button, so it's gon na ask us here: I'll keep a few quick things here as we go throughout This process, the first thing is: do we have an exchange account in this case we're going to click? Yes, we obviously do have one it's already pre highlighted there.
Next up, we need to select which exchange we want to build a way to actually utilize our strategy. For right, so in this case we have buy Nance financed us BitFenix coinbase, pro hippie DC good range of different exchanges across the board. In this case, we've already got buy Nance selected now, in this case for our portfolio name. We can really name this. What we want in this case, we know we can go about naming this, for example, what would probably be best to go about doing, and this is what actually I've gotten recommended from Kevin and a lot of the team at Clio. I think it's a great way to go about it because we remember we're doing individual API key plugins for each pair in each exchange. So in this case we can do, for example, finance and maybe BTC right. So this is our API key that we're going to utilize for Bitcoin pairs on Finance, so what's nice is once we've done this. We can trade any altcoin strategy against Bitcoin on Finance, so we've got that covered a good range of different trading pairs for different trading strategies and, along with that as well, we have to select our market currency now again, don't get confused guys. This is one thing that I think a lot of people will mess up on is that they'll usually pick something maybe, for example like BampB, if they're trading, for example, BampB BTC, but in reality your actual pair currency is BTC right, it's with the secondary asset.
In that case, when you're looking at a pair, so this would be, for example, link to BTC back to BTC. All of those trades would fit into BTC being the market currency. So in or even warn you here as well like a Clio, is very helpful in this case. They'Ll give you a lot of notifications like this would be, for example, a trade or xrp or, like coin to Bitcoin pairs right now. This is the next important part here, guys we're gon na be plugging in two values here that by Nantz is going to provide to us our API key and our API secret. Okay, now, when you go over to your exchange, account here, I'm gon na go ahead and pull it up here. But I've got this blurred out here. So you guys can't see this there's a reason I'm doing that, because if you have the API secret key you'd be able to trade with my funds, which is probably not something I don't want to. Let you guys do now that's an important thing to note as well, when you are plugging in these values, it's important to make sure out of anything, you do not allow people to see the secret key I'm, just playing it overly protective and blocking the API key. Here but we're gon na go ahead and plug in these values into our API. Key and all you basically have to do is plug in those values here and then basically go to connect exchange and afterwards you're pretty much good to go so we're gon na go ahead and do those things real, quick and then we'll come back to the video Here, in just a moment, all ready everyone so now that we're back on our live portfolio page, we can see clearly that our by Nantz BTC API key has been officially plugged in and is currently active.
We can even go about refreshing the current status to either not our portfolio has had a different change in investments if it's return has changed and along with that as well, we can also disconnect the account so let's say. For example, you know our trading strategy and we'll really get on our back testing, but now it's, just not working with the market and something very wrong has started to come up. Then, in this case, we can always disconnect our account. It'S almost sounded like a failsafe button. We have to understand that we have to understand the side effects are doing this and disconnecting the account I'm disconnected, and everything is all good to go so again, that's. Basically, all you need to know guys about plugging this into a real exchange. Account it's, simple API. Key generation is free, so long as you can do it through the exchange platform, and you just simply have to do it for each trading pair and also each exchange that you want to be able to trade and the more that you plug in the more trading Strategies you'll be able to engage in all right, so that's gon na be at 4k of today guys. I hope you all enjoyed this analysis of the clio one platform and again it's a great way to get started an automated trading strategy.