Latest / The Paul Barron Crypto Show / Time To Buy Altcoins? Technical Analysis Investing Broz

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Time To Buy Altcoins? Technical Analysis Investing Broz · The Paul Barron Crypto Show

0:07
So we were right on track yesterday with our break breaking video. If you
0:12
guys didn't get a chance to see that one looking at Bitcoin really starting to
0:15
see a breakout and possibly some all coins. So today we thought, let's
0:19
do an all coin video for you guys and break out some of those movements.
0:23
You're gonna love it. My name is Paul Barrel. We'll come back
0:25
into tech path. This is gonna be a good because a good one because
0:27
we'll have our as one of our analysts on today, Tim Morren. He'll
0:30
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our code. It does help the channel, all right, I want to
1:12
get into it today. I want to bring in of course sim moarn from
1:15
Investing Bros. Great to have you back, Tim, great to be back,
1:18
Paul. Good to see again. It's been good. A little bit
1:21
of a heated market here. Things are starting to move a little bit.
1:25
Everybody's asking is this the beginning, you know, of where we might see
1:27
this next leg up. Here's a piece right here right now from Ted Talks
1:32
Macro. As for crypto liquidity, it's reached positive territory again, this again
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after five weeks, so we've now entered a new zone of this. When
1:41
you look at liquidity, this is a tremendously important metric that I think a
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lot of people kind of really underestimate the importance of it. But you look
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at liquidity right now in the ups and downs, and you'll notice right here,
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just in that chart there's in and outs. How long do you think
1:59
this one could like in terms of liquidity in the market right now. Yeah,
2:02
I think that when you look at liquidy coming in and out, like
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you said, it's back and forth, back and forth. I don't know
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if I've done this on your show before, but if you go back and
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look at the history of bitcoin post having, when you look at the rally
2:19
from the bear market bottom to whatever the high rally is that happens before the
2:23
having event, it usually on average takes between three to five months for bitcoin
2:28
to hit a new high of that current rally. So I've prepared the investing
2:31
Bros. Community pretty heavily. I say, hey, guys, look for
2:34
volatility, look for shoppiness, look for the news to go back and forth
2:38
on you. But honestly, I'm gonna talk about when we get to the
2:40
charts today. I think there's a decent chance Bitcoin could get to seventy one
2:45
thousand here in the next couple of weeks. But then I think something happens
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and we come right back down. I'm not expecting at this point a new
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high for bitcoin until maybe August to September of later this year. So this
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might be one of those times where it's a good play to kind of repositioned
3:00
swing trades, et cetera. This was an article over on the Potato Crypto
3:07
investors turning greedy as Bitcoin surges past sixty six. Back to your point one
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note right there, Crypto Fear and Greed Index now up to seventy four.
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That's pretty high, you know, in a time where it literally with just
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a couple of weeks ago, was twenty poorts below this. So along with
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when you think about that and then this kind of this next phase of what
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happens next kind of scenario bitcoin going to seventy one, you don't feel that
3:32
this is necessarily the next leg up for bitcoin on its way? Is Is
3:37
there anything in the market that could be happening that would change your mind?
3:42
Yeah? I mean if we hit a new all time high, if bigcoin
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goes above seventy three, hit seventy four, then I will say, Okay,
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I was wrong on this one. But I mean, let's even just
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think about recent months. Every single time we start to fall too far and
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then we get a good bounce, we get some sort of headline saying,
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oh, we had record inflows today into bigcoin ETFs, and then the price
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will start rallying and all of a sudden, there's all these articles saying,
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oh, the outflows are done, grey Scale's done bleeding, and then boom,
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there's a big red candle and people are like, what happens? Oh,
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look at that people sold more grey scale. This is that phase where
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again bitcoin is the future of value and wealth and the institutions know it.
4:23
However, if you can suppress the price to allow more of your wealthy friends
4:28
to come in, or even yourself to keep accumulating more money to buy at
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these low levels and I think sixty seven thousand when we look back on this
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a year from now, two years from now, that's a low price.
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So they want to accumulate as much as possible. And this is that dragging,
4:45
very boring season where price goes up and down and up and down and
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confuses the average retail investor, and some of them will get discouraged and maybe
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leave because they think that the ball market's over, and then boom, like
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a thief in the night, the price just takes off without you. Well.
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And this is the thing that we talked about this week quite a bit
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on some of the live streams, and that is just the pouring of institutional
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capital coming into the space, because now everybody's starting to reveal on their quarterly
5:10
reports where they stand on these ETFs, which is I think a little bit
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more telling than it has been in the past. Could be the reason we're
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seeing the run right now. However, there's a handful of investors that are
5:21
looking at maybe playing this a little differently. Here's Michael vanda Pop. He
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was talking about this. You and I kind of chatted in the pre show
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about his position. He's been a bitcoin holder for a long time, and
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he said, Hey, maybe this is the time for me to exit,
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because this is the opportunity to jump into an all coin or a variety of
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them and start to move with those kinds of gains versus the Bitcoin gains that
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might be. Let's say, one if we see a really amazing bull run
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two x from here, So what do you think about that? What would
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be your strategy right now if you were holding a bunch of bitcoin he came
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in, you know, somewhere around forty and up, and you're just sitting
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there a lot a ton of profit and you need to you need to think
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about it. Yeah, I like Michael van Depop, I'm gonna be honest,
6:08
and he would say the same thing. This whole article is kind of
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a clickbait. Let's let get people to read that weird looking headline I'm selling
6:16
all my bitcoin? Yeah sure, and then get in the details. He
6:19
specifies his whole strategy, and everyone's strategy I believe in crypto should be how
6:26
do I stack more Satoci's right, he's gonna take a He's gonna take a
6:29
more aggressive and different route than I am. I tell people again, not
6:32
that I give financial advice, but I suggest. I'm like, hey,
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I would not sell my bitcoin right now. I might, I might not
6:39
be adding to bitcoin right now. I might use this as a season to
6:42
add more to my alt coins to buffer up my alt coin portfolio. But
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at the end of the day here in twelve to eighteen months, however long
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the bitcoin bull market ends up going, my end goal is to stack Satoci's
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And what Michael's doing is he's saying, you know what I think bitcoin is
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this. Let's just say bitcoin goes to twenty, I could three x my
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money. If it goes to two hundred thousand, I got three x my
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money versus if ethereum goes to any uber team fifteen to twenty we're talking about
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more like five x to seven x their money. Solana makes it over one
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thousand, we're talking about eight x their money. If chame Link does some
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special things like I don't know if you're talking about Shamela today, but it's
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on a tailor if chameleak does it especially, I mean, I have chain
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Link potentially forty x ing from current prices, so you can make a lot
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of money in these other all coins. I think his thought is, I'm
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gonna be risky. I'm gonna get rid of all my bitcoin, put in
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these alt coins and have better opportunity to make more money, and then I'll
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turn it back into to Toshi's later. If my only concern is, even
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though I don't think it's gonna happen, what if what if Gary Gensler catches
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a little more command and a little more control and against everyone's wishes, really
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throws a hammer hard done on the all coin space. Then all of a
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sudden we do have some weird bull market where Bitcoin takes off uninhibited, but
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then all coins stay behind, and all of a sudden, you just sold
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all of your bitcoin for all coins. I'm a big believer you stay diversified.
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Some of your some of your holdings are not going to do fifty x's,
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but for sure, you know, the more likely to do fifty x,
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the more likely could flop as well. I like that some of your
8:13
holeagues are going to fifty x. That's a that's that's a good one.
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We're gonna have to clip that and make that sound bite. Some of your
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holigues are not going to fifty x. Hey, I want to get into
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ethereum a little bit. Okay, all's flying slightest sign of life from eth
8:30
we're seeing a little bit, could see a little bit more. There are
8:33
some things brewing, you know, on the regulatory front. We'll talk about
8:35
that soon. And you could imagine if it stops bleeding against Back to your
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point, where do you see Let's take a look at your chart. Where
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do you see ethereum right now as it starts to clip over thirty one hundred
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I think it was this morning. Yeah, kind of taking a little bit
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of a move right there. Let's see there we go. So right now,
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ethereum is in a little bit of a descending channel since the of this
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cycle. So until we break above this yellow line here, I'm not necessarily
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too overwhelmingly bullish on ethereum. The other thing that I'm a little bit concerned
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about right now, this is a season where again I told you boring action
9:13
for bitcoin, but we're watching all coins kind of bleed. It's bouncing on
9:18
its own support level, but eth over bitcoin isn't necessarily doing well. And
9:22
here just yesterday hit a brand new low for the cycle. Now could that
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mean me get a little bit of a bounce back up? Possibly, and
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that could be the catalyst for why ethereum ends up breaking above what range I
9:33
want to kind of put here, because a descending level of resistance, let's
9:35
just call it around thirty two forty give or take. We kind of need
9:37
to get above that level and break that resistance to feel overwhelmingly bullish. But
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the good news I will say is these formations, these descending channels, more
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often not do break to the upside. But you just have to continue to
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take everything with a grain of salt, because I, in case anyone isn't
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doesn't see this on the chart themselves, there has been a nice little defense
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for support around this twenty eight seventy five level, but we're still setting these
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lower highs and until we start breaking that setting higher highs. Here, Ethereum
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is in jeopardy of playing out what's called a descending triangle, and these break
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to the downside and could have Ethereum drop back down to lower two thousand dollars
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levels. As far as what Lux is saying right now, this is the
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other thing that I'm waiting for if I were to flip here real quickly.
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So this is the LUX I'll go indicator here if I were to flip to
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other alt coins. Solana recently has gotten a daily by signal here, Chainlink
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got a daily by signal right here. Bitcoin of course has a day before,
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got a daily by signal. Ethereum doesn't. It doesn't have it.
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And what it actually has above it, Remember I said we need to get
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above that thirty two forty give or take. Well that was I didn't even
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pull this up to think about it. This is what it called a bearish
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breaker block, meaning we had an order block a high level of liquidity way
10:54
back here in April fourth that instead of bouncing and kind of sufficing the whales
10:58
wanting wants to buy up that level, we slice through it and that turns
11:03
it into a high level of equity for resistance, and you can see we've
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now bounced back up once twice, three times, four times and rejected on
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that level. There's a lot that says we could do that once again and
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reject there again and have lower levels coming in. So I'm not gonna try
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to fud Ethereum. I would really like to see it break above here,
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and eventually it will. But I am in a spot where if you're asking
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me for conviction, tim, are you super bullish on Ethereum. Unfortunately,
11:28
I'm not seeing the flashes of confidence from the bulls that I'm seeing necessarily from
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other coins. I mean, the other thing I would say if I turn
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off lux ago is I would say, take a look, let's go to
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a lower time frame here, and it's decent, But the volume here on
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Ethereum does not necessarily match. For example, the big volume on link Chainley
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had some big volume come in here confirming all this move I believe. Even
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so, Salonas isn't that impressive either, So I guess that's not necessarily what
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I'm gonna compare it to. But I'm not seeing an overwhelming amount of comp
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it's from the bulls. I'm just seeing high volume spike when we get back
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down to support levels. That's just saying, all right, the bears right
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out of steam. It's time for the bulls to have their turn. This
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is not an overwhelmingly bullish market yet. And that's because I'm still under that
12:13
theory of I think bitcoin trade sideways here, as I said, until maybe
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August or September, I think all coins slightly bleed against it, causing this
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chart right here the bitcoin dominance to continue to climb. I'm still on board
12:28
of predicting. I think we will see bitcoin dominance get to sixty percent,
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and right now we're sitting just south of fifty six. Yeah. Well,
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I'm looking at the MSI chart. This is our sentiment indicator. This is
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where sometimes we kind of go back and forth on luxalgo on trying to figure
12:43
out some of the indicators. But eth has been for the first time has
12:46
seen a little bit of a move in terms of upward sentiments. So I
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don't know if that's something that is brewing right now of what's happening or the
12:52
potential of what could be happening for ethereum. But is this a breakout?
12:56
That'll be the question, you know. So, Yeah, yeah, I'm
13:00
kind of back and forth. There was an article here. Let me see
13:03
if I can find it. Yeah, here it is. This was the
13:05
piece right here at theraeum pois for games. This was coinbase predicting this a
13:09
couple of points they hit in. Despite underperformance, Coinbase remains optimistic about long
13:13
term prospects. The report eatchs twenty nine percent year to date, positioning well
13:18
due to lack of significant supply side pressures and unlocks or minor cell offs.
13:22
So those are some of the things that you think about it. And then
13:26
you look at this right here, which is we think the market maybe underestimating
13:28
the timing and odds of a potential approval. Let me zoom in on that
13:33
right there, which leaves room for surprises to the upside. Oh so if
13:39
we get and maybe that's what we're catching on some of the sentiment data.
13:41
Is is there something brewing right here that we don't really, you know,
13:46
maybe anticipate, because I'm still been in the camp of I just don't see
13:48
the approval coming from Genzler unless something changes in the landscape. So that's an
13:54
that's one for sure. I want to jump to chain link because you hit
13:56
on that chain Link surging three thirty percent as DTCC explores blockchain for mutual fundata
14:03
delivery. This is a big move for chain Link. But if you look
14:05
at the chart and you see this rip that we saw yesterday and today,
14:11
where does it stop. What's your opinion right now? Yeah, so at
14:15
the moment, I actually for my community put in a this is my goal
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trade right here. I don't know if it's going to happen or not.
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I don't like to buy in and try to chase a big gains, so
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I'm looking for a long on shain Link. I want to see if I
14:28
can get a pull back back down to fifteen sixty, give or take.
14:31
But I have a target back up at twenty dollars here. There's a couple
14:35
of reasons. There's a couple of reasons why. So the first thing that
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Shanelink did very very bullishly, and this is what when we're talking about Ethereum,
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I hope Ethereum does this as well. But you just don't count chickens
14:46
before they hatch. Ethereum was in a very bearish formation right here where when
14:52
you look at these red lines, this was a symmetrical triangle pattern attached to
14:56
a very bearish flagpole, so a lot of people could have called this a
15:01
bear a bear pennant, and which case we could have seen shameelink. If
15:07
that had broken out to the downside, we could have seen a breakout backed
15:09
below ten dollars, back down to that significant resistance level from years before,
15:15
back in early twenty twenty two. But instead we saw that volume come in
15:18
and we broke to the upside. So we're seeing this give us a price
15:22
prediction back up here around twenty dollars and thirty cents. Then we turn on
15:26
lux all go here, and we're seeing we're under a by order. Well,
15:30
guess what. We have a conservative take profit coming in around eighteen dollars,
15:33
but there's a big order block right now matched with the more aggressive take
15:39
profit. We're up here at twenty dollars again, just above twenty dollars.
15:43
And so what I'm watching right now, the reason why I'm looking for a
15:46
pullback potentially is you can see here on the daily chart we are running into
15:52
what's called the smart show concept. This is kind of the first strong level
15:54
of resistance when it's read when we break through, that's when I'm gonna keep
15:58
my eye on the next level of that big order block, but for now,
16:02
I'm kind of hoping on these lower time frames. You can kind of
16:04
see we're running out of steam here. We've hit our take profit. If
16:07
we can get a pullback down to the hourly smart trail kind of get a
16:11
purchase in here on fifteen fifty, that I think is what's going to potentially
16:14
give me an opportunity to get this entry for a long on shane Link.
16:18
But that's my next target, twenty dollars on chain link. If we continue
16:22
as bullishes and can get above that smart trail around eighteen dollars, I think
16:26
twenty dollars is the next level of kind of hey, let's get up there.
16:29
There'll probably be some form of a pullback and the market will have to
16:33
reevaluate. I'm not ready to say that Shane Link's going to brand new highs
16:37
yet. Again. I told you earlier, I'm very bullish on shane Link.
16:40
I think that shane Link has the opportunity to potentially become the number three
16:45
at least, maybe at least top ten, but I think maybe as high
16:48
as a top three alt coin on codin market cap by the time this is
16:52
all said and done, which if you go back and historically look at coins
16:55
of that level, we're talking about a market cap somewhere between at least three
16:59
hundred third billion, maybe even pushing closer to six hundred billion dollars if the
17:03
whole market gets to about eleven trillion, which is my expectation. I'm very
17:07
bullish on Chainlink. I see it in chap I see it all over the
17:11
place. People will call me crazy, people will call me nuts. But
17:14
if you do any research on what shamelink is going to accomplish for crypto and
17:19
for the world and the agencies that they're partnering with chain Link special chain Link,
17:26
it might be like the second most trusted crypto out there behind Bitcoin in
17:30
terms of still existing in the next thirty years. I hope Ethereum still exists,
17:33
and Solana and Cardono and some of my other favorites, but if we're
17:37
really being honest, I don't think we feel really confident yet about those still
17:41
being here in fifteen to twenty years. Bitcoin we're confident about, and Chainlink
17:45
is what I'm kind of getting into that category of saying I think Shanelink is
17:48
getting close to being a lock of being with us for a very very long
17:52
time and being very valuable. Yeah, well you look at the previous market
17:56
high. If you look at the in terms of recent market I mean chain
18:00
Link of course clipped in around fifty three almost, that would still be a
18:03
two x gain even if it was just coming off this sixteen dollars or price
18:07
tag right now. So even if you just go conservative, you know,
18:12
right now, if you were to look at chain Link in say a six
18:17
to twelve month range, where would you pull that in terms of a price
18:21
target right now? Because obviously it's starting to come back into that range,
18:23
which there's been a lot of consolidation in right there between what was November of
18:30
last year all the way through January and then we started to see a little
18:34
bit of movement. What do you think? Yep? So, so i'll
18:38
show my price targets. I have a video on my channel where I give
18:41
these as well. Oh I took them down. Maybe I haven't remade the
18:45
video. I made a video a while ago, but I think I'm making
18:48
another one. But I'll give you guys the levels. I think there's a
18:49
decent chance we get somewhere between five hundred to seven hundred dollars on chain Link
18:56
and the reasoning and I kind of said this even though I'm a technically at
18:59
least that's a yes, what is that a fifteen x? It is from
19:03
right now from its all time high from Oh yeah, okay, Well if
19:06
from right now the lower end thirty x, higher end forty five x,
19:11
give or take from previous all time high, I mean, we're still looking
19:14
at a at that higher end, we're still looking at a thirteen x.
19:18
But again, I'm not necessarily even using technical analysis for this prediction. And
19:23
the reason why is we've seen here before. Chainley has had big explosions in
19:27
his past. But this is an institutional coin, like, this is a
19:32
coin that the institutions are going to love. And then when you just put
19:34
on your thinking hat, the twenty twenty one market was not for institutions.
19:41
That was the season of time where crypto was being fought by institutions. I'm
19:45
of the belief that there was a lot of suppression. Bitcoin really probably should
19:48
have hit one hundred thousand, some of these other coins should have gone a
19:51
lot higher, but it wasn't the right bull market. Well, this is
19:53
the right bull market. This is the bullmarket of institutional adoption. And I
19:59
don't think there's a coin more friendly to institutions except for Bitcoin being store of
20:03
value. But Chainlink, I mean, I think ethererem is gonna be awesome
20:06
too. I think there's a lot of coins that will benefit from institutions,
20:08
but I think not a single one benefits more than Shamelink. And again,
20:14
I have this coin going from currently, I mean it's ranked number let's say
20:18
it jumped up to fifteen. It was at seventeen yesterday. We're talking about
20:21
a less than a ten billion dollar market cap right now. I think this
20:26
market cap will be it'll have a domit somewhere between three to five percent of
20:32
the total crypto market cap. And I'm of the personal belief that we get
20:36
to about eleven trillion. That number puts that market cap for that number three
20:41
to number five spot somewhere between three hundred to six hundred billion dollars. That's
20:45
big for a coin like chainlink. All right, Well, you guys heard
20:48
it here. Tim is out there calling chain Link right now is one of
20:52
the big winners. Let's go into another one, another area of it,
20:56
and that of course is render and Nvidia. When you look at AI and
21:00
you look at some of the cloud compute technology out there, in Vidia comes
21:03
up, but also Render on the crypto side, I think a lot of
21:07
our audience still follows Render pretty heavily, and it has had some significant moves.
21:11
Where does the Render chart show right now in terms of your opinion on
21:15
near term potential growth? Yeah, I'm going to pull up some stuff here
21:21
for Render. This is one that I actually was in a short end the
21:25
other day, had a good tape profit. I actually was able to catch
21:26
close to the top of here and then take profit down around nine eighty nine
21:30
or so. Render, though, it is doing very well, and it's
21:33
good that we connect in Nvidia and Render because this is the Nvidia chart still
21:37
wrestling with. Didn't quite set a new all time high here yesterday, but
21:41
got very close, pretty much triple topped around our top zone. This is
21:47
a project I think is going to continue to do very very well, however,
21:51
and Vidia is already very established. I'm very bullish on Render because I
21:55
believe that Render stands the most to gain from the continued success of Nvidia.
22:00
And so even though Render is slightly down over the last couple of days from
22:04
where it was and hasn't gotten the same rally that we are seeing today and
22:10
yesterday like Bitcoin and Shane Lincoln Solana are getting. It's it's relatively very close
22:15
to that all time to that high. I guess to make sure, i'd
22:18
note misspeak. Okay, that is all time high. Yeah, it's actually
22:19
very close. This coin is only down twenty five percent from its all time
22:26
high. That just shows you the absolute bolishness of Render and how explosive it's
22:33
gonna be. Everything cools off. I mean, when you have these massive
22:36
gains like this, let's just even go back to the August September area of
22:40
twenty twenty three. I just wanted people to kind of put this into perspective.
22:44
We saw almost in one thousand percent gain and then a measly little fifty
22:48
percent pullback, and now we're back up to flirting with the concept of going
22:52
back to all time highs and it's not even alt season just yet. Yeah.
22:56
Again that that Bitcoin dominage chart tells a large story, but Render is
23:00
one I'm very big on. I think that long term, I don't know
23:03
if I have a price prediction for Render. I haven't put the numbers together
23:07
on that, but currently Render is ranked number twenty seven. I think this
23:12
is one that easily squeaks into the top fifteen. I think this is another
23:15
twenty to thirty x from current price action, and that's saying a lot because
23:21
it's already very high. But I think that Render is going to jump near
23:25
as the number one market cap for all coins that are AI all coins,
23:30
and I think Render does very well as starr as short term though I'm talking
23:33
about the next month or so. We have kind of hit our take profit
23:37
here. Yeah, I think I think the next move is probably boring,
23:42
sideways, maybe slightly down. I think you could see a pullback to eight
23:45
dollars and eighty cents, maybe nine dollars area before it's all said and done.
23:49
I wouldn't bet that much on stuff going below that unless something catastrophic happens
23:55
to Nvidia and the AI space, which I don't envision. But this is
23:59
again, a coin does done very very well. So just because I'm not
24:02
bullish on it over the next week does not mean it's not a coin with
24:04
a lot of potential moving forward. Yeah. Well, Nvidia is expected to
24:07
bring in almost twenty five billion in revenue for Q one, so we'll get
24:12
those wee when is the report next week? So okay, that could change
24:17
everything. Yeah, that could change thing. So significant increase that's from seven
24:21
point one to nine billion in the same quarter last year. I mean,
24:25
jeez, you don't see those kind of performances on typical Wall Street players out
24:30
there. So back to your point, there's a lot of correlation here.
24:33
It is one and I agree with you. I think Render is going to
24:37
be the cloud compute token this cycle. I think it does outpace near Protocol
24:42
for for sure. Other things that you know kind of come into that when
24:45
you look at Nvidia and Render in general and just what Render has been able
24:49
to do in terms of the gaming side or not gaming side, but their
24:52
connection with Apple, what they did with the iPad, the potential there I
24:57
think for octane X is going to be pretty significant in terms of growth.
25:02
So I me in agreement with you. Let's go over and oh, by
25:04
the way, if you guys are not, you know, in on the
25:08
poll, make sure and get in on the poll. We want to get
25:11
to that before it's for the end of the show. And then also make
25:15
sure a smash the like button when you do you like these kinds of trading.
25:18
You know, when we bring in Tim and some of our other traders,
25:19
obviously Evans sometimes will come in on the desk, let us know,
25:22
just to drop some comments and smash the like button. We always love to
25:26
get you guys to feedback on that. Let's jump over to Solana because Solana,
25:30
of course has been on the move last week, surpassing Ethereum and Polygon
25:33
in terms of transactions speak kind of expected, but performance wise, Solana has
25:38
been really aggressive over the last ten days. What are your thoughts on Solana
25:42
right now? Is this an interim move or something that's gonna set it up?
25:48
Paul, I've learned one thing since way back at early twenty twenty three.
25:56
Don't bet on Solana. Don't bet against Salona. Excuse me. You
26:00
know, if you find little opportunities for a short option like a scalp short,
26:03
go for it. But anything long term just doesn't work out. In
26:07
fact, like I've recently, especially using this Luxogo indicator, Mike, I'm
26:11
trading at the moment probably between eighty five to ninety percent profitable. Wow,
26:15
Solana. I think if I just didn't trade Solana, especially if I didn't
26:18
try to enter shorts on Solana, I'd probably be closer to one hundred percent
26:22
because this is the one that gets me the hour. The reason why is
26:26
because the four hour yesterday was just showing so many signs of being overextended and
26:30
it was time to cool off. So I was like, you know what,
26:32
let's go enter a short and for a while I was in take profit.
26:34
But I did say to my community, I said, this has me
26:37
worried on the daily chart that we just flashed bullish for the first time in
26:41
a while, a good flash of being bullish, and sure enough that is
26:45
taking off. Remember I talked about this on Bitcoin and Shamelink a little bit.
26:48
There's a smart trail that's kind of working as a level of resistance here
26:53
on one seventy you can see we've already whicked above, but we've come back
26:56
down below. So until we close a candle above it, we can't necessarily
27:00
say we defeated it. But we're looking at Solana and saying, all right,
27:03
one hundred and seventy eight easily could come into play here. Then you
27:07
start to look to the upside and you're looking back up towards two hundred dollars
27:11
as the next stopping point. For Solana. And I'll say this again,
27:14
when we talk about that two hundred dollars level, I mean we're at one
27:15
sixty eight right now, one seventy. I a while ago made a price
27:19
prediction for Solana to get to one thousand dollars, and when I made that
27:22
prediction, I think the price action of Solana. I think when I made
27:26
that video, we were talking about being around thirty to forty dollars, so
27:29
still a lot of gains. Now it's like one of those things of if
27:33
my price preason one thousand holds up, and I'm not ready to change it
27:36
just yet, but that's only a five x a little more out of five
27:41
X for Solana. That's really nothing, and this coin is demanding so much
27:44
more. Could we see Solana break the mold and not do what normal number
27:48
three alt coins do. I don't think it's going to pass ethereum, but
27:51
could we see Solana maybe make a market cap closer closer to a trillion dollars
27:56
and maybe make a push towards two thousand. I'm not ready to put that
28:00
just yet, but again, watching these charts and looking at how Solana moves,
28:03
I mean, big, big gangs here and the most it can suffice
28:07
for these big pullbacks is a measly forty three percent. I mean, this
28:11
is a chart that any other coin with this massive rally all that Solana had
28:15
let me pull off lux Agos. What's less messy here? Any other coin
28:19
that has this game. I'm not even to go back to the December of
28:22
twenty twenty two when we went down to eight dollars. I'm just gonna talk
28:25
about levels in late twenty twenty three. This one, we're talking about a
28:29
rally of eleven hundred percent. That's what Render did, and Render had to
28:34
pull back more than fifty percent. Solana pulled back forty three and said,
28:37
all right, good enough, we're gonna take off again. This is not
28:41
a coin to be shorting right now. I would just say if you hold
28:44
Solana, if you own Solana, hold on. If you can get a
28:47
hold of someone a dip, go ahead and get some more. But uh,
28:51
it's I think Solana is gonna be one of the crazy ones to try
28:52
to predict long term about his price action. I think that there are concerns
28:57
about Solana long term. Me me definitely fixing some of the outages and fixing
29:03
some of the scam scams that can happen via their protocol, but that's it's
29:07
one of these. You have to take the bad with the good. Why
29:10
is Solona so special because it's it's fast, it's easy, it's it's cheap
29:14
to get in there and build on it, so the everyday person can do
29:17
it well. Whenever you have something like that, you have to be concerned
29:21
about bad players as well. But that's the wild West, and you can
29:23
make a lot of money in the Wild West. I think Solana can fix
29:27
that. Solana could be very very special in the next ten to fifteen years.
29:32
Another one that I agree. First of all, we're you know,
29:33
obviously we love the project, and I like all the infrastructure that's being built
29:37
around it as well. That it just continues. The case of where Solona
29:42
is going again the two thousand mark, that would surprise me a little bit.
29:47
Is it out of the picture? Who knows? But I'm pretty I'm
29:49
pretty stoked on where it's going to go. I want to get into one
29:53
that's a little bit I think in a little bit undersung right now, and
29:57
that of course is Avalanche. Avalanche comes in a lot of tokenization projects that
30:02
they're doing they've got this thing going on with the wine industry. We've seen
30:06
them already with what they've done with JP Morgan. There's a lot of opportunity
30:11
here. And then you also consider with Avalanche things like this, This is
30:15
off the grid, and this thing's getting ready to go live over on PlayStation
30:18
five and Xbox series as well starting June, you know, which is in
30:23
three weeks. So you've got gaming, you've got real world assets, all
30:29
this playing in, and you have Avalanche holding it around that thirty to thirty
30:33
five dollars range, which is quite a bit under what we've seen here in
30:37
its recent pump. What do you think about Avalanche right now? Another one
30:44
I can kind of address the shorter term what I think, and then I'll
30:47
address the longer term here. This is one again big rallies here. I
30:49
don't know if it was quite the same as Salona. Let me see,
30:52
I don't want to get the exact number right from back here in October we
30:56
saw AVAX go up up six and fifty still a very good rally, but
31:00
it pulled back itself fifty five percent here more recently from those highs of this
31:04
rally, you can kind of see it it's a coin that hasn't necessarily broken
31:08
out in the same way chain link has or Bitcoin has or Solana has.
31:12
It's got this nice tight range, and I have this zone here before,
31:15
but I'll just adjust this zone because I don't know why I have it up
31:18
there. Anyway. You can see there's this nice little pocket right here that
31:23
we've been trading back and forth a couple of weeks below, technically a couple
31:26
of weeks above, but this zone right here between give or take forty dollars
31:33
and thirty one thirty two dollars, I need to see it break out of
31:37
that above to feel massively bullish on it again. Kind of similar to what
31:40
I was thinking with Ethereum. I can't rule out the bullishness in the next
31:42
week or two, but it's not screaming you gotta buy it right now.
31:45
And then take a look here. We got that breaker block, that Bariss
31:48
breaker block, and a falling smart trail here on the daily chart coming in
31:52
here, so a lot of resistance here. We did flash bullish today,
31:56
we did flash a bye, so that's encouraging. But let's see what to
32:00
looks like if we turn if we hit this today or early tomorrow and keel
32:05
back over and have a blue candle. That's not the greatest by signal in
32:07
the world. A lot of resistance, strong resistance sitting there. Let's see
32:12
what we have going on here. I mean, I do like that the
32:15
rsides breaking above the fifty. That's a sign of strength. The mac D
32:17
looks bullish, and then here we go. All right, I will say
32:21
this, If we're gonna break bullish, you gotta wait to see it happen
32:23
first. But I love when this indicator flashes like this. This this bright
32:28
red is a money flow signal that there's an excessive amount of sellers in the
32:32
space. But you can see when you zoom in it's keeling over and starting
32:36
to go to the upside. More often than not, when you have these
32:38
excessive sellers in the space and then they leave, that's like a weight on
32:44
the market. And then that weight leaves and just like like let's say you're
32:46
in a pool and you're playing with like a basketball, and you're holding that
32:50
basketball below the water. The minute you release the ball, it shoots up
32:53
out of the water, right. So a lot of times you can't see
32:57
price action respond that way, and that could give it the power to break
33:00
through this breaker block, which again has been tested one, two, three
33:04
times. So maybe we can finally go ahead and break that and break out
33:07
with Avax. Maybe get back up here closer towards fifty dollars. That's the
33:12
short term kind of hope right there. I would say, I don't want
33:15
to necessarily say that's for sure, but this is another one you talk about
33:19
long term price action of Liten. I don't know if I have my price
33:22
predictions up here up I do, I do? I do? I have
33:24
a video on my channel. I think that Avax is one that could get
33:28
between six hundred and fifty to potentially one thousand dollars. I think I lean
33:32
a little closer towards the six fifty. But this is another real world asset
33:37
token which, similar to chain link, again is a coin that is an
33:40
institutional dream. Like the institutions love these real world assets. So when people
33:46
look too much at the past bull market and say, well it only did
33:51
this or it only did that, well that was its bull market. Yeah,
33:54
very different game. I think AVAX another special one top I'm putting this
33:59
one, yes, squarely in the top ten by the time the bullmark is
34:00
over but I think it could wrestle for potentially a number six or seven spot
34:05
in the on the coin market cap rankings. That would definitely go in line
34:09
with what our prediction has been, which is somewhere in the seven hundred plus
34:13
range for AVAX if if we continue to see the wins that we're seeing right
34:17
now in terms of real world asset gains, but also the gaming sector,
34:21
which I think is yet to heat up. The other one that is starting
34:24
to kind of also play in that same sandbox has been XRP. XRP was
34:30
thought to kind of go a little bit on the sidelines. But we've got
34:34
a big decision coming up here right here on May twentieth, we're going to
34:37
see the we saw the briefs come in and then that's where're going to see
34:42
the opposition to the omnibus letter motions. Basically, the fine is what it
34:46
boils down to. So if it comes in at a lower fine, then
34:51
say, you know, my estimate right now is around twenty five million,
34:53
but that would be a win. I still think that would be a huge
34:55
win considering what they're trying to get, and I think that's when the judge
35:00
slaps them back down if that comes back into reality again, that's just another
35:04
another win for XRP. And this is one that you know, people have
35:08
kind of been saying, this is a sleeper token. It's one that's been
35:12
pent up and held down for so long. You've got stable coin launching this
35:15
summer, all these good things happening within XRP, most likely ripple filing an
35:21
IPO, all this good news, where would XRP be? And do you
35:24
like it? I don't want to say I don't like XRP, and I
35:29
still hold a bag of it, and I think we'll see a new all
35:31
time high. But you know, Paula, a couple of months ago,
35:36
I would have told you if you asked me what price could XRP get to,
35:38
I would have said, you know, I think there's a chance we
35:40
could start to push towards twenty dollars. I think there's an outside chance.
35:45
I just don't love what this chart looks like, though. I'm still predicting
35:49
somewhere between six to ten. So don't you know if anyone's like, oh,
35:52
Tim hates XRP, I mean we're still talking about somewhere between a ten
35:55
X to fifteen X. So I'm not hating on it, But what what
36:01
do we think is gonna happen? Like with the lawsuit, does anyone think
36:05
that the SEC is gonna win? Why why is there not more bullish pressure
36:08
on x RP with all of the wins coming in here? Well, I
36:12
think it's all based on the amount of the fine. You know, if
36:15
if they are able to get the judge to approve that fine, that would
36:19
be the ridiculous fine that they've you know, proposed, versus coming in with
36:23
a very light touch fine. Because if we get a light touch fine,
36:28
this could be its signed for taking off. So that's I think that's what
36:31
And then and then of course right behind it on its heels. This timing
36:35
is very interesting because then you have the big event with Ripple that they're going
36:38
to do in Amsterdam and all that's going to happen. Yeah, I'm I'm
36:45
rooting for it. I'm not an anti x RP person. I just have
36:49
I have what I would think are credible concerns. Being one, there's there's
36:54
a lot of reasons to be bullsh but XRP and get the price isn't going
36:57
up. Uh, then you have things like I know they're bad on it,
37:00
but there's that flirtation that Ripple has with potentially going public that would take
37:05
attention away from the XRP token. They're having this discussion about stable coins.
37:09
Well, I'm not so far as I've heard some people say, if we
37:12
have a stable coin built by Ripple, why do we need XRP. I'm
37:15
not there, but you can't argue that that stable coin won't compete with market
37:20
cat for XRP. And then, of course the other thing is not that
37:22
they're directly competitive, but chain Link. The emergence of chain Link I think
37:28
is a threat to the dominance of XRP. XRP will still do well,
37:32
It'll still do his thing. I think the world needs XRP. That's why
37:35
I'm not a thud or a hater of it. But I'm trying to be
37:38
realistic when I say there's a lot of things stacked against XRP from doing ridiculous
37:44
runs like twenty to thirty dollars per coin, which I think some people still
37:46
think are in the cards. I have an expectation with my bag. I'm
37:52
expecting to be able to take some profit somewhere between six to ten dollars.
37:55
I just don't think that this is xrp's bull market. Interesting. Last up,
38:01
we have to talk about game Stop. Obviously, with all the news
38:05
early in the week, many people playing the Solana tokens. We saw gm
38:08
E and AMC both on the Salana ecosystem. But if you get into the
38:12
actual game Stop itself, remember you've got a lot of things happening in there.
38:19
They of course, GameStop filed to sell up to forty five million shares
38:22
at the same time. Do you do you follow the game Stop stock side
38:27
of things. I don't. I follow the meme side of it because early
38:30
in my trading, I remember, I remember the chaos back in twenty twenty
38:36
one. Yeah, with Robin Hood and everything in this day, Oh my
38:38
god, complete injustice and the outcry. So to see it, it's actually
38:43
very nostalgic because I told you that was the early days of my trading.
38:45
So it's like, take me back to those early days. I'm like,
38:47
I remember this, but I don't. I don't mess with it because ultimately
38:52
I see that as a if that is the stock markets, meme clean token,
38:58
and I don't really I don't play with mean coins that often. I
39:00
like to trade the coins with utility because then you can trade based off of
39:05
realistic chart stuff, news that comes out that is good or bad. Meme
39:08
coins are really how are the whales feeling today? Do whales feel like we
39:13
have more bullishness? Or do whales think this is good enough than they want
39:15
to sell? And I'm not one of those whales. I'm not on the
39:17
insides of those groups. So to me, that's like playing with fire.
39:21
You can make a lot of money playing with that fire, but I'll I
39:24
like to just play with the coins that are a little more predictable than the
39:28
meme form space, and that's keeps me out of the game, the game
39:31
stop and everything else. Yeah, yeah, for sure. All right,
39:35
guys, we're gonna get some questions in. We'll take a look at the
39:37
poll. By the way, if you guys have not checked out our market
39:40
sentiment index, make sure and go over to Pombero network. You'll find it
39:44
over there and you can find you know, sentiment on all these top thirty.
39:47
But we also do some additional all coins as well, so you can
39:51
get into some of the gaming tokens things of that nature, all available over
39:54
there. Check it out, and let's go to the poll real quick.
39:57
Take a look at that one. All right, here we go. What
40:00
would you do if ethereum ETF is shockingly approved? What would you buy?
40:06
Everybody says that would automatically mean buy Solana. But there's chain Link slagging in
40:13
last right there? What's going on? Show that again? Let's make sure
40:16
and let's tim see that only eight hundred votes, so you know we've got
40:23
a weak audience out there today. I mean, I think this is a
40:27
I think this is a fair poll. I don't know why. I mean,
40:30
obviously I liked all four of those coins you have up there, so
40:34
I would almost say you buy all four of them. But I don't disagree
40:38
with Chainlein being low there. I don't think that ethereum doing well has a
40:43
positive or a negative for chain Link, so it'll have very little effect on
40:46
his price. Obviously it will affect Etheroreum very nicely. But uh yeah,
40:52
I want to because questions are coming in and you know, I guess so
40:55
much flack on from the hadera community, so we had to give this thing
40:59
some some light and look at h BAR. Let's take a look at the
41:04
HBAR chart. Because you and I have been back and forth on h BAR
41:06
we like it, we're in, we're out. You know, it's not
41:08
necessarily a negative thing. Yeah, it's a good thing. And of course
41:12
there was some a little bit of news I think we haven't heard completely.
41:16
But what does the chart look like? So back to the boringness. I
41:22
mean, this is kind of I think we talked about this on the channel.
41:23
You know, we'd kind of been ranging here with an average price somewhere
41:28
around eleven cents. We had a fall, you know, a week or
41:31
so before that big craze, but then we rallied here and then we just
41:36
came right back into that boring sideways price action for h BAR. Honestly,
41:40
I haven't done ta on HBAR in a while. I'll say being on the
41:44
north side of that smart trail is bullish for them. They still have to
41:47
take profit under this. Well, they've hit it already. So this is
41:51
a chart with no new updates here. It technically stillesn't take profit up here
41:54
at thirteen cents, but it was hit way back here and we had the
41:59
big rally. Now there's not enough bearishness to cause a bear push, but
42:05
there's not any new momentum for bulls either. I think this is a coin
42:07
that's a more This coin speaks more on the all coin space as a whole
42:13
right now that I think the whole landscape does. It's not time for all
42:15
coins to go parabolic. It's time for all coins to take a back seat
42:20
while we figure out what's gonna happen with Bitcoin. And then once Bitcoin takes
42:23
off, just like the cycle show, bitcoin takes off, the ethereum takes
42:27
off, and the all coins are not far behind, and then you have
42:30
what you know makes a lot of people millionaires. And I think h I'm
42:34
still bullish on h BAR. I do think this whole schabbacle here where they
42:39
announced they were partner with black Rock was a little bit misleading. And I
42:45
don't think i've heard it. It's not paid for it, though I think
42:46
it paid for it, you know, with that regression in the on the
42:50
chart there for sure, let's take a look here. Yes, we covered
42:53
h BAR, so we agree. I think, you know, there's times
42:57
when when playing h BAR is a good is a good move. It's just
43:00
not one of the tokens that I've been all in on. It doesn't mean
43:01
I like it. I like the project. We've had them on the show
43:05
many times, great, great concepts, and I'm still waiting for the killer
43:09
app on Hbar, which I still believe is going to be Netflix. This
43:14
is just gonna happen. We need entertainment on there. It needs to be
43:15
Netflix as one of their government's board members, which would be huge. There
43:20
isn't a company like Ripple behind any other token I would agree with that decade
43:23
of institutional partnerships could play into where XRP is coming XRPN XRPL actively. We
43:30
did a big XRPL video last week and it was It was a pretty good
43:35
video. Go check it out, guys, I think you'll like. And
43:37
if you're looking at understanding what's happening in them six to ten, please stop,
43:43
please stop drinking. Okay, you guys are men, They're crazy,
43:47
and they're crazy in the comments, Oh yeah, No, I mean everyone
43:52
give out price predictions. Everyone has their opinion and that's a cool thing.
43:54
And I tell everyone this. Hopefully nobody bought chain Link today or so Lana
44:00
or near or anything I said. Because I said it, I didn't get
44:04
to go to depth in the world. Go to my channel and listen to
44:07
my reasoning, and then if you agree with it, invest on it,
44:08
But I tell everyone, you know, I'm just here to help educate people
44:13
on charts and to think through things for themselves. It sounds you have a
44:16
very intelligent audience here, Paul. So everyone, if you guys have your
44:19
price point, you're comfortable with it, good for you. That's that to
44:22
me is the win. When you can think for yourself and make your own
44:24
decisions, that's awesome. I'm just here to help some people who maybe are
44:28
confused and need to learn charge stuff and need to kind of think on narratives
44:31
to get perspective. You guys, go over to Tim channel here. It
44:36
is right here. Investing Bros, b R o Z. You can check
44:38
it over there and you you're up to sixteen four. Man, you're gonna
44:42
crack twenty k and no time. Yeah, we're we've kind of had a
44:45
boom here over the last month or so. So yeah, I think you're
44:47
coming. We're gonna get you there. Bro, We're gonna get you bros.
44:52
We'll get you over there. Don't worry about it. How's t Shroom
44:54
doing. He's doing good, he is. He's actually out of town and
44:58
now he left this morning for his bachelor trip. He's getting married on June
45:02
first, So we're not gonna be in Austin, Texas because I'm wedding down
45:07
in Florida. So he's really excited that new season of life. Uh and
45:12
uh yeah, and Broser everything and everything in his life's going well right now
45:15
too, So I like it, that's all. Yeah. Hey, listen,
45:17
if you guys want to catch me, I'll be down at Consensus.
45:21
We're going to be doing a lot there. I'm gonna be co hosting with
45:23
with John Deaton, so trying to pull you know, more back behind.
45:28
Yeah, it's gonna be a good deal. I think Crypto Wendy's on it,
45:30
Melker's on there, so quite a few people and of course Metal Allment's
45:35
kind of organizing the whole thing. So if you guys want to come and
45:38
get in on that, I'll start dropping tweets this weekend on how you can
45:43
get involved and actually come to the front raiser if you decide you want to
45:45
get in on it. So check it out, all right, listen,
45:49
If you're not tim listen, thanks a lot man for coming in today.
45:52
We appreciate it absolutely, all right, man, you catch you here in
45:54
a couple of weeks if you guys are not part of the Diamond circle.
45:59
Get in right now. It's another place to get additional content, more content
46:01
than sometimes we do here on even the YouTube channel, and or follow me
46:06
on x which is just at Paul Baron. We'll catch you next time right
46:08
here on tech Bath