WARNING: Markets Are CRASHING – Gareth Soloway Says Even Lower

Hey y'all, it's Kelly Clarkson with Wayfair, where delivery and setup are as easy as a few taps on your phone.

Picture this.

You're relaxing in an old hammock, scrolling Wayfair's app when you spot it.

A brand new patio set.

Next thing you know, Wayfair delivers it right to your patio and sets it up.

All you need a new girl too?

Alright, Wayfair's got you covered.

With Wayfair's room of choice delivery and fast expert setup on qualifying orders, life gets a little easier.

Visit Wayfair.com or The Wayfair app.

Wayfair every style, every home.

It doesn't fix the fundamental issues of the labor market weakening, the debt of the U.S.,

all of these other issues that are out there, consumer spending, people are getting hurt, even middle income aren't even spending much anymore because inflation has crushed them.

So all of those other ancillary major issues, including a credit, a private credit market crisis, those are still there.

And so, sure, you'll get a short term, great bid, probably in Bitcoin, to 80 to 85, I still think that's possible.

But at least for me, I still think risk assets eventually roll over and go even lower.

I'm here with Gareth Soloway from Verified Investing.

We're here to talk about some impending crashes we are seeing across the board.

But maybe there is some opportunity.

I'm with those stock his way and ask him what does he think.

But first before we get into that, Gareth, how are you doing?

It's been a long time since around the blockchain.

Yeah, it has been, and it's great to see you again, great to talk to you again.

And yeah, this market is wild from stocks to crypto to commodities.

There's certainly no dull moments and people have to be on their toes.

Let's go ahead and talk about Bitcoin now.

Me and you, but kind of looking at some of the same ranges.

Now, if you look at the pivot low from the WIC, this is when we crashed towards 60K, we came against it here.

And I'm on the four hour, let me go to the daily.

And you can see, boom, we have lost this support.

But Gareth, I'm going to, I'm going to smoke the hopium here.

I'm going to take away this parallel range, put in this parallel range.

And this is catching the candle bodies.

You see a lot of confluence here around the four hour.

And this has given me a glimmer of hope.

Am I puffing a little too hard, Gareth?

What are you seeing in the Bitcoin charts?

So, and this is so interesting because, you know, you could argue,

there is a bull case to be made for Bitcoin right now.

And the bull case is, is that in the last since February,

so in the last two months, Bitcoin has been the best performing asset

between silver gold, the stock market and Bitcoin.

Bitcoin is outperforming.

And so, it's interesting because obviously,

Bitcoin's collapsed 50% from the highs.

But the question is, are we starting to see a bottom?

And I think that's what you're leaning into potentially.

Now, I still think that there is a technical bounce coming in here.

Maybe as high as 80 to 85,000.

And the thought process here is simple.

Why is the market selling?

Why is stock selling?

Why is why are at risk assets selling,

including Bitcoin today?

And the answer is because oil just keeps going higher.

We're at $98, almost $99 a barrel.

And that's creating panic in the risk assets.

Everyone's selling worried about is this war going to escalate

and is oil going to be continued to be kept out of the straight to Hormuz.

And so, the idea here is, if let's say Monday morning we wake up

and there's a deal to reopen the straights,

Bitcoin's probably back to 73,000 just like that.

Just like the stock market would rally as well.

So you could make a case that there may be that bullish signal is there.

I would just caution people is that a rebound in risk assets

because oil comes, let's say, back to $70 a barrel.

It doesn't fix the fundamental issues of the labor market weakening,

the debt of the U.S., all of these other issues that are out there,

consumer spending, people are getting hurt,

even middle income aren't even spending much anymore

because inflation has crushed them.

So all of those other ancillary major issues,

including a credit, a private credit market crisis.

Those are still there.

And so, sure, you'll get a short term, great bid, probably in Bitcoin

to 80 to 85.

I still think that's possible.

But at least for me, I still think risk assets eventually roll over and go

even lower.

All right.

Now, you brought up oil that's going to take me to another commodity.

I still want to ask you about a couple stocks here in the SP 500 net gas.

I saw you talking about the net gas chart.

And I saw some trend lines dating back even further.

Now, one, I do love, you know, potential breakout,

potentially going to form on natural gas here.

But this bottom trend line is going all the way back to February of 2024.

The top end is going to be October of 2023.

It's a very slight angle.

We're, you know, not a huge degree here,

but a slight broadening, you know, megaphone pattern,

maybe a little bit closer to a parallel range here.

What are your thoughts on that gas in the near term here?

We can pull up one of your charts too if you want.

Yeah.

So I've got my chart up here.

If we jump over to them and take a look at this here.

So this is what I'm looking at in the near term and natural gas.

What's so fascinating about natural gas is that you would assume

will oils at near $100 a barrel energy source.

The natural gas should be up significantly.

And instead, it's been, it's been hammered down.

In fact, it's closer to 52 week lows than 52 week highs by far.

But what we do have is this little wedge pattern forming.

And I'm keeping a really close eye right here

to see if we can break out.

And if we break out, natural gas has a history of massive vertical moves.

And you can see them over here.

I mean, the move from 280 went up to $4 in change.

I mean, we're talking 50, 60, 70% moves.

And so I am keeping a close eye on that gas.

There could be a breakout that's about to happen.

I'm not in it yet as a trade, but I am keeping it on my watch list.

Let's go ahead and pull up the S&P 500 here.

I've noticed a couple things now.

I don't see you use moving averages all that often.

You're more of a, you know, technician with when it comes to trend lines.

A little bit of Fibonacci out of the verified investing camp now.

But I'm seeing the teal line is the 100 day moving average.

The red line is the 200 day moving average.

And I've circled them when we lose the 100.

It's usually a quick elevator down to the 200.

And then we've been testing the bottom of this range.

This is established way back in 2018.

You can see it right here.

We lost it, tested the bottom of the range.

And the last time we were at the top of the range,

we're seeing a very similar move.

A quick move to the 200 day moving average.

And then we ended up testing the bottom of the range.

What are your thoughts on the S&P 500 DC bounce at this previous trend line?

Or, you know, are we testing the basement level here?

Yeah.

So just exactly like you're seeing.

And by the way, I'm impressed with your technical analysis here.

You're dead on in terms of that trend line.

That's where my downside target is.

In fact, if we flip over,

you can say I already have it in on the charts,

even before you ask, because I discussed this earlier,

where you have these former all time highs before last March.

And by the way, notice how it's March and the stocks are selling off hard.

And then look at where we bought them last year.

March, we were selling off.

We bought them to the beginning of April.

You could almost argue it's exactly one year later.

And we're doing the same thing.

And interestingly enough, it was Trump with his tariffs.

And now it's Trump with the war in Iran.

Like it's almost like you almost have to wonder is it self directed?

Like is he trying to was he trying to pump up all the markets last March and April

to have a buying opportunity?

And then here we are again a year later, a rinse and repeat.

But let's just like you said,

high pivots from 2024, early 2025 before that dip.

We then broke out in June of 2025 and markets work that way where

they generally want to come back and come back to that same level

to find technical support.

So the 6100 on the S&P is exactly what I'm looking at.

The other thing I'll just mention is take a look at this bigger parallel.

I'm going to get rid of these other lines just so it's super clear.

This is coming into this year I was bearish on the markets.

And you know, a lot of people are like, no, it's going to go up.

Markets going to keep going up.

Even analysts were upgrading their S&P 500 targets.

And I saw this parallel.

And when you connect the lows of COVID.

So 2020 low bear market low of 2022 liberation sell off low.

And then you take a parallel line.

And again, you can see how this is perfectly parallel.

And we bring it up to the highs of 2021.

The bull market highs.

Look at what we hit here.

Then a rounded top and we're just coming back.

Let me add something to that.

Keep going to the left side and watch the top end.

Go back about two more additional years while keeping the range the same.

And bright drag it back.

Let's see.

Yeah.

It hits the right before the pick.

So you pass it is the beginning part of 2019.

Okay.

Oh, right here.

Yes.

Yeah.

Little consolidation and pull back 100%.

Oh, I love it, man, very, very cool on the charts there.

Isn't it?

I mean, like people always make fun of technical analysis.

But it's like eerily spooky how accurate it can be in terms of pivot highs, pivot lows.

And again, I always encourage people because one of the great things about charts is that

there's no emotion, right?

I mean, I know you've been on you're on social media.

I'm on social media.

Everyone's up in arms about something emotional about something else.

The charts are just the charts.

Yeah, emotionless.

It is what it is, right?

Yeah.

You're trading against a T1000.

You can be Edward Furlong and panic on the back of the motorcycle or you just be cool,

calm, collected and chase that car down.

Eventually, you will grab that trunk and hopefully you're going to ride off in the sum set.

But I got one more chart.

I want to share with you.

Now, I'm pulling up the coin get goes top 100 and we're going by the seven days.

So, you know, we've seen crypto.

It's a blood bath.

You can go by market cap.

You see seven day, bitcoins down, ethos down.

You see stable coins that are, you know, kind of flattened tron maybe.

But it is a sea of red when you're looking at the seven day, but there is one alt coin

that we've seen some famous investors talk about it.

Jason Callacanis, he will not stop talking about it.

You have Chamoth Polyhapatia, you know, regurgitating bit tensor at Quinson from Nvidia.

He didn't really take the bait, but Tao, Tao is one of the best performing alt coins over

the past week, over the past month.

And I want to show this Tao chart.

If you want to find it on trading view, it's, it's easiest to type in bit tensor or there's

two T's on that.

This is a pattern that I've seen with Tao and like you said, you know, sometimes you

just got to watch the trend lines.

It gets stuck into parallel range and then it'll come and it'll retest the top.

Stuck in the parallel range, parallel range comes and retest the top.

Tao right now is very, very hot.

Everyone's talking about it, but people are wondering, you know, is it too late?

Have I missed the trade?

I don't know if you have any thoughts on Tao because I'm starting to see some bull flags

and I'm seeing an uptrend here.

And what I love about on your chart here is that you have that little sideways zone, that

kind of reddish zone.

And you can see it broke above that recently and now it's retracing and that's what we

call a retrace to the scene of the crime where that's now going to be support.

And if you're right, then that's the buying opportunity when it gets to that zone and

for that next leg up to that white trend line that you have.

But that's great, man.

You know what?

I always like when they have psychological numbers as well.

This is right at $300.

Absolutely.

I love that.

You're right.

Even numbers are psychological levels, man.

It's support and as resistance.

Absolutely.

That's a great one, man.

And yeah, it's interesting because you're right.

A lot of crypto is suffering right now and this one is performing amazingly well.

Although I will say like there are some of the other all coins that I like.

I still think Salana has upside to it in the near term.

I mean, it's struggling a little bit here, but like if you look at where we're coming

to here, there should be a lot of support right down here.

It's almost like it has its own little parallel right in here.

And you eventually want to see a breakout above 97, 98 and then it has upside to this

form or low.

So we're just reversing, right?

So this is this was support, support, support breaks and the idea is as long as you can

hold this 77 level and it can break back above 97, you're going to head to 118 or so

on the Salana chart.

It's just for a little teaching moment, just for a little teaching moment for, you know,

the verified investing crew for the disco fam out there.

Are you still bullish as long as it's above that green candle on the left side of that

range?

That's right.

So this, in technical analysis, this green candle here is what we call a bottoming tail.

It's a, it's a long tail at the lows, the bodies and the upper portion and the closes

very, very high on the candle and notice how we've never had a daily close below that green

portion.

And so as long as that holds up, that would give me a neutral to bullish bias.

Obviously, no one's loving these couple down days in a row, but you don't want to let

a motion get a hold of you and say, oh my goodness, this is crazy.

It's everything's crashing.

The charts, the structure of the charts still fine right here, even with this down move.

And I also want to just mention is that make sure, we'll think logically, why are we selling

in Salana today?

Is it because Salana had bad news or is it because all risk assets are selling and that's

the difference maker, right?

If Salana had bad news, yeah, you want to cut it, get the heck out, but it's, it's market-specific,

not individual equity or crypto-specific.

Let's look at last stock.

But first, let me ask you a quick question.

If you're buying some tennis shoes, what type of, what brand do you buy?

Oh my goodness.

I mean, Nike or whatever.

I mean, to be honest, whatever looks cool and is on sale, I'm not a, I'm not one of

the people that buy these $500 pair.

Oh, no yeasies.

Well, this is the Nike chart and Nike coming up to some pretty impressive support that

I'm looking at here.

And we're going all the way back to the 20 teens.

This right here is 2015.

We're looking, let me hide this on the button.

2017, October 2017, is Nike just in a desk spiral and it's going to go lower and lower

or, or is there a potential little bit of support here?

I don't know if you have any thoughts on Nike.

Yeah, so flip over to mine and I'll show you here.

I have the exact same trend line on it.

Great minds, think alike here, which is very cool.

So listen, I always tell people, I have no idea where the markets will be in a couple

of years from now, but on a swing trade basis where a stock is going to bounce in the

near term, I'm pretty good at that.

And that's where you use a trend line like this.

And so absolutely, notice what price you were just mentioning, even numbers, that's at

$50.

That trend line is at $50.

So $50 psychological support, think about that, people can say, oh, I bought for $50

Nike or something, I'm going to tuck it away in my four or a day.

It's going to buy a pair of shoes or one share, right?

Exactly.

A pair or a share.

And then look at this.

You want to see something cool that I just saw as well.

Take this low from March of 2020, which was the COVID low, connect it to that low and

look, it's coming right into that same level right down here.

And so what we always look for in technical analysis is a confluence of factors, right?

It could be a Fibonacci retrace with a trend line.

It could be a moving average with a trend line.

It could be any combination, the more factors you get, the odds favor a higher chance of

a bounce.

And so I think Nike looks great here in around $50 for a technical bounce.

All right, folks, there are our charts.

And this is just letting you know, there is a lot of opportunity out there.

If you just look through the fear, calm down, take a breath, but maybe take an extra long

breath because we're headed into the weekend.

So expect a lot of volatility.

Garrett, I'll give you the part and words here.

Oh, I mean, I think the biggest thing here is, you know, just be safe, but also stay

logical, right?

So fear and emotion.

We have two parts of our brain, the survival mindset, which is fear and the gambler's mindset,

which is the greed, right?

And for us, that our traders that use the charts, we stay right in the middle.

That verified mindset, that kind of logic charts overrule everything.

And what it'll do is it'll, when everyone else is panicking and selling, it helps us buy

at the right levels.

And when everyone is greedy, like Bitcoin at 127, we're seeing trend line resistance.

We're saying, let me take some off the table here.

That's where you want to stay.

Don't get emotional.