CRCL

of Well, they've got enough to pay their bills. Wait, this is a tiny balance sheet. 10 million bucks. This is a small company. Current liabilities of seven. They've got cash to pay the bills. They have cash to pay the bills.

So that's fine. And if I go to revenue, yeah, no revenues. So it's just they're just burning capital. So they're pre-revenue. I mean, it's a this is a concept of a plan is what this is.

And then lastly I've got circle. Now, circle is interesting because uh the move it made in the last week gave me a short setup which I'll talk about it but at the same time it may indicate life for my black count and again to remind you guys what that is um it has a target of 465.

I have held this as low probability over the last two months because we had breaks of support along this low but with this high here it's starting to look like that fourth wave for that two.

So, as long as it holds the bottom of this box, which I have a 56, that could be a very very very low two. Now, don't get me wrong, that will send that to below what I would call the 90% failure rate because and that that is or the failure path.

Anytime something breaks the 764 retrace in a way too, it 90% is likely to fail. And you can quote me on that. Actually, I would say 99%. Um, but again, uh, the thing to me is that buying at 56 with a stop at 48 is a no-brainer with this potential.

And I don't care if it fails. I just simply um treat that position less um, less precious. But now, let's zoom in to where we have now. We have more short-term. And again, before we ever get to 56 or where where I will think about buying, we have a again range breakout failure or a turtle soup setup if you like the IC ICT lingo.

I don't even know why they call it a turtle soup. Um, but you can see the little break over the range which I've drawn in the box and come back in. Also coming back was a nice bit of delta, negative delta, meaning people are selling into it.

Maybe running for the hills as their breakout failed. I don't know. But um it's very interesting and the probability is really high again back to Bitcoin and Ether that it goes through it travels through this range and likely reasonably likely because anytime it's gotten bought in a range it's it's been refusing to flush but reasonably likely to get a quick flush and at least into that 55 region.

If it's in the red count it's just going to keep going. It's going to go all the way to 40. So again I wouldn't don't buy 56 blindly. Let it show. Um, if you're, you know, you want to try this position now, I've got puts on it already, which I I uh suggested in the service.

I might add to that if it develops in a nice way. I might add leverage fund in a foreign K that I don't have access to options in. Um, so I may be adding to it. Uh, but uh, when we get to the underside and if what you're real interested is longs, just be very careful in the situation.

Again, it is 99% likely to fail. just um stop observe the market when it gets there at the 56 region and look for a reversal for which you can get a tight stop before you jump into it or if you want to buy a little bit here with a stop at 47 um that's reasonable just you know the problem with stocks they don't trade 247 in a liquid manner so that my my problem with um uh buying you know with a limit and then putting a stop you know is you might just get a very bad price if it gaps down um after hours.

That's the problem with that. I want I would with stocks especially, I want to see a reversal. Um just in case you get caught in something overnight before it has a chance to really really work um and then get get a gap down and and a terrible price on the exit.