Menthor Q helps traders find edges across crypto markets

0:00I'm Ashton Addison from the Crypto Coin Show and today on blockchain interviews we have Fabio Reggeri, founder and CEO of Menther Q, a quantdriven market intelligence platform to give traders an edge in crypto and traditional markets. Fabio, welcome to the show and thanks for taking the time.

thank you for having me, Ashan. Glad to be here.

0:21

Yeah, looking forward me too. I'm looking forward to diving into how can we get an edge in the market. Both markets are super hot right now. S&P at all-time highs, Bitcoin at all-time highs, everybody's looking for some kind of edge. How can we get more information, excited to learn more about the quant side and how that could help with info and how we can get an edge in

0:42the markets. I would love to start off with a little bit of background on yourself in traditional markets, trading, how that led to starting Mentor Q.

Yeah, absolutely. So, my career started at the beginning of 2007. So I started working at Bloomberg in London just before the credit crisis. So that was kind of like an interesting moment because was right at the beginning of

1:06the lemon collapse and I was starting my career. I was a bloomer for about 11 years and I worked both in London and New York and I was selling what I define as traditional market data which is really pricing information you know like news news feeds and all of that data that company used to leverage to do like to run traditional strategy like

1:29fundamental strategies or technical strategies right so I was there for about 11 years but then of course during 2015 2016 finance kind of started to change and I kind moved into more the alternative data space. So I was running the business development team of a startup at the time that was selling alternative data to hedge funds. What does alternative data mean? Alternative

1:52data is any non-traditional data that you can use to build an edge when building a trading strategy. So for example, an example could be credit card information and transaction. So you can understand where the consumers are buying or selling. Are they spending more money on Amazon or are they maybe to Macy's more and stuff like that or geoloccation data, right? How is you

2:14know if you live in a city like Dallas or California like how is the traffic around Costco or around other retail store increasing or decreasing over time so that you can build an edge understanding what the sales revenue could be in the next quarter. So I got like a feel of this kind of landscape and I was working there for about three years and that

2:37kind of led me to then start thinking differently about how finance was working and was evolving and we started mentor queue in around 2021 2022 when the really option boom started with GameStop and all of these tools. So we were already developing our own quantitative models for our own trading and then we saw like a big gap in the market at that time because the option

3:00market really start blowing up and now the volume are like significantly higher than the last 20 years. So the option market is now being like one of the most important driver of liquidity and I think there's a lot of value in the data. Yeah.

Wow. That's really interesting about the alternative data. There's so many different things you could think of to

3:21try and find an edge in the market. And now with options, yeah, it's getting pretty crazy. Even amateur young traders are getting into options and derivatives and crypto trading so much earlier that it's getting pretty popular and I'm interested to hear about these quant driven strategies. Can you touch on that a little bit and how that differs from

3:45you know the traditional data that you worked with in the beginning and then alternative data now there's quant data yeah so I think it's important there's about there's two trend that are important to mention so first what you mentioned is right everybody now is getting into the option space and the reason is very simple because traders that are now coming to the market they

4:04have less capital available to trade so they're not willing to wait maybe 10 15 years at a five six% % return which is a typical market return. So they're looking for more leverage, right? So the options are a great tool for leverage. Then you have crypto of course that is now not only becoming a speculative asset but is now becoming a really important asset class in an asset

4:26allocation. So if you're building your portfolio and you are ignoring crypto as an asset, you're kind of missing out on opportunities that will arise in the future. So there's leverage, there's appetite for risk. The problem is that then there is the data available. So the data is fragmented. Especially in the crypto world, the data is really not

4:46a lot of data that retail traders can use besides typical technical analysis indicators or like charts. But it's important to understand that institutional players do not trade with charts. So when you think about the bank, the bank is not looking at the chart when they're placing a trade. They're actually looking at data. So if you are a retail trader just focusing

5:07on the charts then you're missing a lot of the things that are behind that could actually give you an edge which I think is very important and that's why we are we're starting to build quant models because what quant do is they look at data and then they provide a visualization on how to read the data and what to get out of it so are we in a bullish trend for are we in a bearish

5:28trend what's the direction that we expecting and stuff like that yeah so I think very very important.

That's really interesting to hear. I think a lot of beginning traders would not expect that you know institutions are not looking at the chart because I think young traders are glued to the chart all day thinking that's what matters. Maybe you could take you

5:51know bitcoin for an example as you know the chart is going crazy right now. what would some of the things that quantbased information or what kind of data would the institutions be looking at with Bitcoin?

So, I think there's a couple of things. So, first of all, Bitcoin touched all-time high this week, which is awesome. Like, it's great to see and

6:13I think it's important to look at what's happening in the market. So, for example, institutions over the past two years and a half started really to embrace Bitcoin as an asset class. We've seen it with the ETFs. The first was the Black Rockck iBIT. Now I think it has around 70 billion AUM. So you can see that clearly like there's a lot of interest and appetite for those type of

6:35asset. And again this was the first ETF that actually hold crypto position not just like using derivatives or like you know other other asset that can replicate the price of Bitcoin. Also we see like more ETF coming in. there's more like sector ETF and so that's really important for the trend. The other important part is looking at the option derivatives market. So for

6:58example, if we look at Bitcoin options, we had about 5 billion open interest in 2022. In 2025, we are now at about 30 35 billion. So again, as a retail trader, you might not trade options, but you need to understand that there's a lot of flow that is going now into the derivatives market that can also move the spot market. So if you are trading just using chart and you don't really

7:22look at this then you're missing out potential opportunities or risks.

Definitely. So if I was a amateur going pro trader looking at crypto charts and I wanted to go to Mentor Q to look for this market intelligence. How easy is that to do and would I be looking at this kind of data that you're mentioning now?

Yeah, absolutely. So what like our

7:46goal is really and the success that we've been having is not only to provide data because data is out there right so anybody can access data but the challenge is if you don't know what to do with the data then the data become useless because it's too much noise. So for example like a lot of traders come to us is like oh can you give me real time level two data and can I get

8:08can I get that and again yes you can but are you going to be able to build an edge or is that just going to cause too much noise and you're just going to basically trade with the wrong with the wrong data. So I think it's very important that you can access quality data but the challenge is not the data is actually simplifying the data. So what we do with the with our platform

8:27and then we can go into into a demo after as well is really trying to give you an idea of there's there's different use cases but the idea is really are we in a bullish regime for crypto. So like by looking at the overall market by looking at the macro environment are we risk on or risk off right why because you need to understand the correlation

8:48of the crypto market with other assets and if you don't understand that then of course you might be trading in the wrong direction. So for example if we are in a riskcon scenario that means that there's a lot of risk appetite and risk assets like tech companies like crypto are going to benefit from that. If we are in a riskoff scenario then of course

9:08crypto is going to suffer. So during COVID the crypto market collapse right and the reason is simple that big institutions not retail traders big institutions are pulling money out of risk asset whether it's tech whether it's crypto and they're looking for safer assets. So this macro kind of idea can help you if you are a crypto trader understand if you should be going into

9:33the crypto market, if you should be going aggressively into the crypto market or if you should be managing your risk accordingly.

Yeah, and it's great information. So, how much in I love that what you're talking about from data into information and action because there's so much data you could be looking at it forever, but how can you simplify that and put it

9:56into a decision to buy, sell or hold? Does it make it that simple on the platform and like the we're trending towards a buying signal and bullish? So we do not provide like a trading signal. That's not our core business. But we provide data that can allow you to get set up in maybe 5 to 10 minutes a day and get up to speed on exactly what the market is

10:22doing. And we can show you how we also develop like what we call our crypto blueprint. So for those who are now entering the market, of course, maybe there's new traders that are coming in and now they see the hype in the market. It's going to be very dangerous if you don't know what's going on, right? So, if you just come in and say, "Oh, Bitcoin is at all at all time

10:42high. I just want to get in."

Well, actually, maybe look at data and try to formulate an idea based on what's going on because otherwise, you know, there could be a sell off and you might be penalty for that. So, yeah,

definitely. Well, from what I understand, Bitcoin is risk on right now, but it's not as simple as that. You know, it could keep going up

11:03until it doesn't. Could you show us, you know, we talked about this and give more of a visual example with the platform and how you could take some of that data and use it into information.

Yeah, absolutely. Let me share my screen. Let me know if you can see it.

Yeah, I can see it. So basically whenever you sign up for mentor Q

11:31and also we provide data also on a lot of other assets. So we cover stocks, ETFs, indices and futures and now crypto. So again you can also look at the correlation between other assets. So it's not just crypto it's really like what is the S&P doing? Because if the S&P goes into a bearish riskoff scenario, then of course maybe you are looking at crypto, but you should also

11:54understand that there is a high correlation with the S&P 500 or with the stock market and so on. Or if Nvidia reports bad earnings, that's going to have an effect on crypto as well. So what we have here is a dashboard. What you see here, very simple, you have your stocks and indices right here. You have your futures, you have your forex, and now you have your crypto. The

12:15crypto is divided into three section and I'm going to try and run this through very very simple. So first of all we cover a lot of different coins. We are mostly focused on the coins with the highest liquidity.

So we don't really look at the you know the small coins just because there's not enough information and again we are trying to provide quality information

12:35quality data. So of course we have Bitcoin, Ethereum, Solana those are the biggest one also in the derivative space but we also have you know other coins here that you see. So the first thing is like the what we call the market summary. So when I come in the morning I want to see the performance of the different coins going back one year

12:566 months 3 months and understand okay what is the trend how is the trend evolving. Then we have our three quant that we're going to show you in a second as well which is our QRSI which is a new indicator that we built that is different from the traditional RSI that everybody uses. We have our crypto direction. So the RSI is a mean reverting indicator. So we're trying to

13:19understand when the trend could be exhausted. So we're trying to use that type of approach to understand are we like in an overbought or an oversold condition but by adding statistical validation. Then you have direction which is really telling me by looking at our factors are we in a bullish or bearish trend for the for the crypto that you're looking for. And then

13:42the risk sentiment are we a risk on or risk off? Very important. And this is one indicator for the whole crypto market, right? Because again they move in the same direction.

Once you go here then you can click for example if you look at Bitcoin we can go into the dashboard for Bitcoin and here we are under the quant section. So these

14:06are like the quant models that we develop which are three. But we also have our Q score. So the Q score is think about u analyst rating and analyst recommendation. So we don't provide recommendation but the idea is the same. An analyst would rank a company from a sell which is a zero value to a buy which is a five value. So we're looking at the world in three different

14:28ways. Three three different factors. We're looking at the option flow. We're looking at the momentum and we're looking at the volatility. And why is that important? Because options move market. So if we are bullish on an asset coming from the option market then again that's going to push up the liquidity and we can give you a really nice example in a second as well. Second

14:47is obviously by looking at price action right are we in a bullish trend or bearish trend. So this is simply using a lot of like technical indicators and then volatility again very important because if we are in a very low volatile environment that means that the trend is kind of confirmed because we don't expect a lot of movement in one direction or the other one. If we are in

15:07a very high volatile environment, then maybe there could be a potential for kind of some sort of reversal or for higher volatility which again could put traders at risk. Then what we have here is really our risk on riskoff indicator. This is the same indicator for all crypto and again very very simple zero is the threshold above zero we are in a risk on scenario below zero

15:32we are in a riskoff scenario. And then here you see like basically we were at the beginning of the week in a risk off scenario when we went all the way down here and then we moved on back on risk on and now we are of course at alltime high there as well.

Mhm. It's really interesting to see you know with this sentiment of Bitcoin we're sort of sitting just below

15:55the all-time highs and it was sort of a not really riskon scenario. It wasn't until it just kicked up and, you know, there was a $5,000 candle up to new all-time highs, 117,000. It looks like there's room to grow, which is exciting for Bitcoin to be following this. And

I want to ask also about the Q RSI because I was looking at the RSIs for

16:17for Bitcoin and the top coins and they're they're in an overbought stage. the RSI is high but it seems like in crypto you know the market can remain irrational they say longer than you can remain solvent but essentially even though it's overbought it could just keep going and going how is the QRSI differ from a regular RSI and understanding that

16:41

yeah absolutely so I think the RSI as you said is here so again we look at the we are risk on we are bullish on the direction right so very very important But the RSI is very is very very high. So again just looking at technical you might think okay man this is time to maybe go go low go short or sell. But I think in crypto is very important as you

17:05mentioned because I want to show you some also some back testing results about this and I'm going to explain how the RSI is calculated. But basically first the first back test that you guys can find on our website is looking at the risk on risk off indicator. So very very basic simple back test. We go long when the risk on is greater than zero and we go short when the risk off

17:28is great is lower than zero. Very simple. No stop loss. We're always in the market. Here you see the performance of Ethereum which is the red red line. And here you see the performance of the strategy. So again this is just looking at the macro environment. So if you pay attention to what's happening at the macro environment, you can potentially outperform simple buying and

17:49hold the coin. And of course, there could be times where just holding could lead to a lot of gains, but I think there because it's so volatile, you should really be paying attention to what's going in the micros in the micro environment. So this is really really important. And then we did also some back testing on the RSI and actually we use an approach that you mentioned.

18:11So we actually don't go short. We just

buy not only if we are in an oversold condition but also if we are in an overbought condition because crypto moves fast as you mentioned. So I think we tested this strategy where if we are in an RSI greater than 90 we wait for the kind of like pull back to the five simple moving average to actually go long

18:37instead of going short and there's no stop loss and we hold the position for about 10 10 days and this is kind of like the performance of that strategy as well which is about I think 18% versus a minus actually sorry this is 10% % on Bitcoin. So, this is on Bitcoin. But the idea really is very very simple. The RSI as you take it doesn't really work because of the

19:03concept of alpha decay. So, everybody's buying at 30 and selling at 70, right? That doesn't work because every participant in the market is using the same strategy. So what we've done is we built a different algo to calculate the RSI that has more statistical validation because nobody's really using this right now and basically we want to be like we want to use different

19:28algorithms to calculate u this is the same approach but in a different way. So we use different factors different algorithms and we also do like statistical validation. So again if you come back to the dashboard you find it here on all the different crypto that we cover and you can use it to potentially spot opportunities and you can see how kind of like the signal kind

19:52of like provided really really interesting

entry point as well and again this is not a recommendation it's purely an indicator that can help you formulate your your theory. So I think like what we showed you is like in really a few moments we can look at the scoring

we can the gone we can look at the direction and then of course we can also

20:18Go on the more advanced models by looking at options. So for those who want to get a little bit more into the into the details on options side we now have

we cover three exchanges we cover DI Binance and OKX and the reason is that 95 plus% of the derivatives trade is done on these exchanges which also is a good it's a good proxy of what's

20:45happening in the derivatives market. And then here you have basically our models and I'm maybe I'm going to spend some time here also because this could be interesting for investors and then on top of that if you are day trading you can then integrate the different levels on your chart right here on trading view 10 plus integration. So as

21:07you can see again take away so I always do like if you're just trading with technical analysis and let's say that you do like the breakout how do you manage your risk like how do you know the price could go and how do you potentially also protect your your downside risk. So by adding these layers you can quickly see that if you understand what this level mean and this

21:31is very important because it's coming from the option market and you know that the high level for the day could be this one day max level then suddenly once the price approaches that level you need to start thinking about hey the market is not is not just going to go up forever there's going to be times where the market is going to retrace so how do I

21:52then capitalize on that and where do I reenter that if I want too.

So, this is a trading view indicator that's included with the subscription. Okay. I like that because a lot of people, you know, it's on one tab you have the chart and the other you have the information and you're like

just trying to fit it together. I think a lot of people, you know, that

22:12and like live stream trading or, you know, sort of updates where like this where it's like, oh, I really like what you're talking about, but like next month if you walk me through it a little again, then like I it puts the puzzle pieces together. Do you guys do that as well?

So, we integrate with 10 different platform. I don't know if you I don't

22:33know why you see my left menu. I don't know if you don't I'm not able to see it on the on the screen but basically we have trading view ninja trader quant atas siara chart tinko swim metat trader bookmap motive wave spider

and we are going to add the trade station at the end of the month so we are always adding more because I think the challenge for users is that

23:00

they don't want to shift between too many platforms and they want to be exactly where they need to trade. So that's why integrations are very key for us. Very important.

That's really nice. And from what I saw on the on the site, the crypto aspect is newer. Is there like a new launch that just happened?

Yeah, so we launched the crypto product

23:21and our crypto intelligence this week about 5 days ago. And the reason is very very simple because we believe that basically the crypto is entering a new phase right okay a lot of people associate crypto to scams to risk it's too volatile I'm going to lose money but in reality like the institutions are not looking at the at the market like that they're looking at

23:47the market as a new asset class so if we are able to shift our perspective to think that crypto is just associated to crime and scam scams then we can actually benefit from that. The second step is we need to understand the correlation of the crypto market to other assets because for example if you have a 100% stock portfolio and you are also trading crypto your your risk is

24:12exactly the same. So you are basically going to be penalized if the market goes down. So you want to be able to diversify and use that as an asset class that can help you to potentially get an edge again on youration.

Definitely. Well, I appreciate that you guys are getting into the crypto side and screen sharing there. That really lays it out nicely, especially

24:34when you just see the numbers. It's like, okay, five five out of five. That's a good sign. And yeah, the market's been looking great and I think it's a great time to launch. you launched just before the blue sky territory for Bitcoin. So

yeah, we were we were worried about potential tweets or potential news during the launch, but I think it was

24:53great for us for sure.

Yeah. Yeah, definitely.

Yeah.

What's the how does it work? Do do you if you're just a crypto trader or you just go and subscribe to like a monthly to get these these data points in real time and do you and does that give you access to like crypto plus stocks and everything?

Yeah. So the way it works is very

25:16simple. So we have two types of subscript subscription. We have our premium subscription and our pro subscription. And if you subscribe to premium you basically get access to all our data, all our models and all our integrations. So we believe that a modular approach doesn't work because people need to have access to all the data that they need. So can get access

25:36to the crypto side, you can get access to the futures stocks, ETFs and indices because we see a lot of traders that come to us maybe for just looking at SPX and then they start seeing the data and then they just moved into maybe option strategies on stocks for example. And crypto is the same. So, we want to give you an additional value that you can use and

25:57you don't have to be a day trader on crypto. You can also be just an investor that is looking to get an edge and potentially position yourself into the into the asset class. On the

I was gonna ask I was gonna ask about that because how does the indicators differ if you know I'm planning to buy and then sell later today versus a few weeks to months versus just long-term

26:21you know one day one week charts on Bitcoin.

Yeah. So maybe I can share again and I can show you.

Sure.

so we have different tools based on your on your strategy. Right. So if you are for example a day trader, you can leverage our gamma levels direct into your chart and you could use those as your profit target entry point and we have we have already used

26:49it have been very successful this week. If you are like a swing trader or somebody who just wants to get a view of the market then you can come into into here and look at the score. So for example like if we have a very high score on all of them and you're thinking I'm going to short the market then maybe like you want to look at the data because maybe you are going to

27:12position yourself in the wrong side of the trade but at the same time there could be pullbacks. So like you can benefit from kind of like the data that you get here to find potentially point. The second step we actually built our swing trading model which is designed for people that have they don't they're not in the market every day so they're not like day trading so they can

27:34look at charts but they want to get like an edge. So we build a fiveday and a 20-day model that can tell you basically where the price could be in five days from now and what are the upper and lower level that you should be paying attention. So in here what we see is that when you see green the bias is of course bullish in this case but our lower band which is the floor that you

27:57should be looking for is 109 408. So if the price goes below this level in the next five days then maybe like you should start reevaluating your idea. On the other hand if we are going to the upside we have a 122580 which is the upper ceiling. We call it the risk trigger because it's normally a volatility level and you can see how the price kind of reacts when we reach that

28:22level. It doesn't mean that the price cannot go higher. Actually, it could it could very very well be. But you also want to pay attention to this data. On top of that, you see the back testing results. So the back testing shows you if we look at the price today, is the price in five days going to be above this level and below this level? And if

28:43that happens then for us that is called a success. And if we look at the history the model was successful in this case on bitcoin on 88% of the days out of 124 days. And again let's say that you think the price will go higher. Just look at the risk trigger here. So there's an 81.45% chance that the price in 5 days from now could close below this level. So it

29:08doesn't mean that it's not going to go above that, but like you have more like a statistical advantage by looking at kind of like the historical data.

Yeah, that's really nice. I think there's a lot of people that they want to get information and yeah, they're not trading every day, but like having these different time frames, super important, especially newer people

29:29that are getting involved. they're not really into trading, but they just see that, you know, this is the greatest asset of all time in performance. So, like I need to get in and a little bit more information rather than just my friend told me to buy some is good.

And then maybe before we go, I can also show you another interesting use case.

29:49So, for those who are this is not related to crypto, but is very connected to crypto. If we look at Nvidia and Nvidia of course we know that it's the most valued company 4 trillion but plus we are alltime high so again somebody that wants to get in now like what do you do right so I want to show you again we are very bullish momentum low volatility

30:13

but what was the situation about two months ago so if we go back to three months ago about April time we were in a very bearish environment on Nvidia the stock dip below the 100 price level $100 and then suddenly something changed. So it can be due to news, it can be due to tariff situation, it can be due to the AI trend that is you know evolving but again the option market

30:37reacts. So the option market sees that and this is the institutional players not the retail players. They start positioning themsel for an upside move. So they are going very bullish on the option side on Nvidia. Again, let's say you missed the start of the but this was a 56 58% move that was kind of like started at the beginning of this period. This

31:02was around April 24 where we start seeing like really a shift in the market with the 100 level and then suddenly the trends is starting again Nvidia we're going to have earnings very soon. So again just be very cautious about that. This is really but this is kind of like how you would use the data. So again, if you are a Bitcoin trader, looking at

31:24the shift in these scores can tell you, man, we're maybe moving in riskoff scenario, then maybe we should be may managing our risk better or maybe like try to hedge ourselves.

Yeah, it's great insights, Fabio. I really appreciate it. And I think there's so many new entrance coming in at all-time highs, which is good and bad because you need to have

31:46information like this to be able to make smart decisions and manage your risk. Because there's gains to be made, but there's also funds to be lost if you're not playing it smart. So what's the what's the best way to get started in getting access to the information?

yeah, absolutely. So let me let me share my screen again. So getting started is very very easy. So

32:17you can come to our website, you can look at all the different models that we provide and then you can just go to the pricing page. So you can subscribe directly from here. I think again we didn't mention our pro subscription. We can spend some time talking about that. The difference between premium and pro is really the fact that we also have a trading community. So we have

32:40professional traders that are actually live in the market every day. So by by looking at the pro you're actually going into the rooms with the actual traders. So with the premium you get access to the platform and all the integrations. With the pro you also get access to the mentoring of professional. So you can spend 20 plus 24 hours a week direct

33:01in the market. So again, you don't have to be there every day, but you do have the ability to go there, ask questions. How do I use the data? And again, this is not a signal room. It's just really an educational room that can help you really leverage the power of the data. Once you once you sign up, then you get access to all of this. And then we also have supporting

33:25Tools. So we have a very extensive academy. We have about 550 plus hours of video content and this spams from the traditional technical analysis option data. How can I leverage the data and how can I trade with mentor data. So here we have for example case studies if you're trading stocks, if you're trading futures, options, crypto and forex and then of course we

33:53also have a lot of different tutorials on our system use how I can use the swing levels, how can I start from zero and become a trader. So this was one of our user he actually had no idea or no background on trading. We spent about 12 hours with Nicola

and we helped them like get up to speed and until he actually placed his first trade. So that was really

34:15interesting. And then of course we also have documentation. So if you want to learn more about what we do, we have our we call it financial wiki and then we have our products here and here we have you know all our data here integrations, tutorials, our knowledge base. So if you want to learn about options, if you want to learn about crypto,

34:39

there's a lot of documents here.

And then if you want to learn how to start, you know, trading strategies, again, there's also a lot of documents here.

Yeah, that's really that's really nice. The mentoring part and having other community members that are potentially successful traders, I think, is a really nice touch on top of just seeing the

34:58indicators. And now is a good time to be paying attention when it's risk on, at least right now, today as we're speaking. To be learning as much as you can to keep up. They say in crypto alone if you're if you're not struggling to keep up, you're not looking hard enough and once you incorporate stocks and everything else and options, then you'll be overwhelmed

35:17with information. So, or with data, which we need to turn into valuable information with something like mentor Q. So, I appreciate your insights, Fabio.

Absolutely.

Thank you. Thank you so much.

Yeah, thanks for taking the time. Would love to follow up again in the near future. Maybe we can do a recap on where Bitcoin is when it gets to its new

35:36new all-time highs and a little bit more consolidation period and see, you know, when Nvidia hits 5 trillion or something crazy. And yeah, I'll leave a link.

Yeah, we're we're going crazy here. So, it's all it's all good. Stock traders are are making money and that's why more people are getting involved in both stocks and the greatest asset

35:59return of all time, Bitcoin, so far. I'm going to leave a link to Mentor Q and any of the other educational tools in the show notes below. Thanks so much for your insights and for the screen sharing and seeing all those indicators. QRSI. I really helps because the more information you have, the better prepared you are to make decisions. So, thank you for your time,

36:21Fabio.

Thank you so much. And thank you guys for watching and any question, please let me know and I'll be happy to answer and look forward to the follow-up to this session.