Takeaway

The presenter argues for significant upside potential in the crypto market, highlighting a specific long trade idea in UNI. The core thesis is that UNI could see a 9x to 20x move from its current price of ~$5 towards its 2021 peak of $45, a view supported by recent bullish price action in ETH and BTC, which have broken key moving averages.

What the presenter said

• A potential 9x or 10x move, possibly up to 20x, exists in the crypto market. [00:00]
• Ethereum has spiked up on the 4-hour chart, showing a V-shaped recovery. [00:05]
• Both Bitcoin and Ethereum are breaking up through their 20 and 50-period moving averages. [00:21]
• The speaker is holding a profitable long trade in UNI from last week. [00:30]
• UNI is currently trading at $5, while its 2021 peak was $45, indicating significant potential upside. [00:45]
• UNI has already seen an almost 2x move in the last couple of weeks. [00:39]

Trade ideas

• Instrument: UNI
  • Direction: Long
  • Thesis: The presenter believes UNI has substantial room to appreciate toward its 2021 high.
  • Entry: Current price around "$5"
  • Target: "$45 bucks (or 9x-20x higher)"
  • Stop: Not specified
  • Horizon: Medium Term
  • Conviction: High

Levels and data cited

• UNI Resistance: "$45 bucks" (2021 peak)
• UNI Current Price: "$5 bucks"