Latest / The Paul Barron Crypto Show / All-In Phase Next?📉Technical Analysis with Evan Aldo
Transcript
- 0:00Speaker 1: We're going to get into it. We're going to get
- 0:02Speaker 1: into it today. Is it time to go all in?
- 0:05Speaker 1: Is it the next phase in the market. We'll break
- 0:07Speaker 1: it all down for you to do some trading all
- 0:09Speaker 1: that good stuff today. Before we get started, I want
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- 0:54Speaker 1: way to self custody. I want to play a clip
- 0:56Speaker 1: to open up this. Of course, is Kramer talking about hmmm,
- 1:01Speaker 1: who's left to sell?
- 1:02Speaker 2: To take a look.
- 1:04Speaker 3: Because at today's lows, we reach that hold your nose
- 1:08Speaker 3: and moment where the market got so oversold, so negative
- 1:13Speaker 3: that it really doesn't matter what happens. Right now, the
- 1:16Speaker 3: bulls are at thirty point four percent, just so few bulls,
- 1:20Speaker 3: neutral seventeen point six percent, and a phenomenal fifty two
- 1:25Speaker 3: percent of the people believe that the market's going to
- 1:28Speaker 3: go down maybe big. They're bearish, and that's a highly
- 1:31Speaker 3: unusual skew. It means they're far more barrass than bulls.
- 1:34Speaker 3: That matters because when just about everyone's already bearished, there's
- 1:37Speaker 3: nobody left to sell.
- 1:39Speaker 2: All right, it is.
- 1:40Speaker 1: It is kind of a bearish market. I'm going to
- 1:43Speaker 1: bring in Evan Aldough and he's going to join us here. Evan,
- 1:47Speaker 1: I look, first of all, how are you man?
- 1:49Speaker 2: Doing?
- 1:49Speaker 4: Good? Live in the dream? Many live in the dream.
- 1:53Speaker 1: You're in a different city, a different port every night,
- 1:56Speaker 1: port of call, as they say, Well.
- 1:58Speaker 4: I was at the same place last time we spoke, but.
- 2:02Speaker 2: I know, but you.
- 2:02Speaker 1: The point is is that you're traveling around a lot,
- 2:05Speaker 1: which is good to see.
- 2:06Speaker 2: Man.
- 2:07Speaker 1: Hey, listen, I'm following you out here on x at
- 2:10Speaker 1: Evan Aldough and you put up this tweet and it
- 2:14Speaker 1: says this one was on in March fifteenth. There's now
- 2:17Speaker 1: there's a strong argument to make that bitcoin has bottomed.
- 2:21Speaker 1: All right, Then you give me another tweet on the
- 2:25Speaker 1: nineteenth and it says live trading seventy five hundred profits.
- 2:30Speaker 1: Why I doubled down on my bitcoin short So are
- 2:34Speaker 1: you long or are you short?
- 2:36Speaker 2: Where are you on this thing?
- 2:38Speaker 4: So?
- 2:39Speaker 5: Yeah, I think there's a obviously that a live trading
- 2:41Speaker 5: is going to be more of like swing trading or
- 2:43Speaker 5: day trading, you know situations. Obviously that's you know, higher risk,
- 2:47Speaker 5: you know, more short term situation. But the macro is
- 2:50Speaker 5: I do stand by that, you know that first tweet.
- 2:52Speaker 5: Obviously the macro is pretty strong on bitcoin. I think
- 2:55Speaker 5: there is a strong argument to make that we've bought them.
- 2:58Speaker 5: But obviously in the short term, I do think you
- 3:00Speaker 5: could potentially, you know, go down farther. And I think
- 3:03Speaker 5: that a lot of this year, and you know, a
- 3:05Speaker 5: lot of this year is going to be more of
- 3:07Speaker 5: an accumulation phase, kind of boring sideways. I mean, you
- 3:10Speaker 5: may be in between sixty and seventy k for the
- 3:12Speaker 5: majority of this year.
- 3:14Speaker 1: Do you think we're because this is one thing that
- 3:18Speaker 1: has happened for a while, and that is that we're
- 3:23Speaker 1: seeing so much movement to the sidelines. It was a
- 3:26Speaker 1: post by kobeec talking about the S and P five hundred,
- 3:30Speaker 1: the NASDAC sixty four billion down in the last three Okay,
- 3:35Speaker 1: you look at that, and then if you look at
- 3:38Speaker 1: the percent of assets under management, this is a three
- 3:40Speaker 1: month outflow. This is up like negative five so biggest
- 3:43Speaker 1: since Q one twenty twenty three. Their ending statement is
- 3:47Speaker 1: the one I'm looking at. Investors are and have rushed
- 3:52Speaker 1: to the sidelines. So do you feel everybody's there.
- 3:55Speaker 2: Because we I mean, gold's moving down, Silver absolutely cratered, and.
- 4:00Speaker 1: Then Bitcoin has been up and down and back here
- 4:02Speaker 1: today at sixty nine. So if you compare the S
- 4:05Speaker 1: and P with Bitcoin right now, what's the better play.
- 4:09Speaker 4: Probably bitcoin. Let's let's talk about it.
- 4:11Speaker 5: So if we go on my chart right here, here's
- 4:13Speaker 5: bitcoin versus S and P five hundred, similar to that
- 4:17Speaker 5: first chart that I posted on Twitter. Obviously, bitcoin versus
- 4:20Speaker 5: S and P five hundred generally looks pretty similar to
- 4:23Speaker 5: bitcoin versus USD You have this nice bottom signal right here.
- 4:28Speaker 5: You know, you see your emas they've come into the gray.
- 4:30Speaker 5: Usually when they come into the gray. I mean, arguably
- 4:33Speaker 5: without FTX, you would have hit the bottom in June
- 4:36Speaker 5: of twenty twenty two, where you bottomed out an ether
- 4:39Speaker 5: as well back then, and the same thing you know
- 4:41Speaker 5: back here in you know, this paar market in December,
- 4:44Speaker 5: so it generally bottoms out earlier against it's USD pair
- 4:48Speaker 5: and against this S and P five hundred pair. So
- 4:51Speaker 5: I think there's a strong argument to make that you
- 4:52Speaker 5: could have bottomed here. However, I think you got time though.
- 4:56Speaker 5: It could be sideways, and you could see the majority
- 4:58Speaker 5: of this year doing something along these lines. We've been
- 5:01Speaker 5: in sideways areas before. Look at right here. You know
- 5:03Speaker 5: there's many times where this consolidated. Look at twenty nineteen.
- 5:06Speaker 5: You know there's in this bear market is the last
- 5:08Speaker 5: bear market where you topped on apathy before that bear market.
- 5:12Speaker 5: This high is kind of similar to this area over here.
- 5:15Speaker 5: You add your drop down, let's let's trace this drop
- 5:17Speaker 5: down back from twenty nineteen, and we're not gonna obviously
- 5:19Speaker 5: not kind of a black swan event there, but that
- 5:21Speaker 5: would align with your bottom, and then I could see
- 5:24Speaker 5: instead maybe something if something geopolitically happened. Sure, you could
- 5:27Speaker 5: have one last week down you know, later this year,
- 5:30Speaker 5: but I think you're going to be a snoozefest crab
- 5:32Speaker 5: market boring for some months.
- 5:34Speaker 4: You know.
- 5:35Speaker 5: That's my view on this, and the same thing on
- 5:37Speaker 5: your USD pairs you can see right here. I think
- 5:39Speaker 5: it's going to be very range bound, very very rangebound
- 5:42Speaker 5: for a lot of this year.
- 5:43Speaker 1: So yeah, all right, range bound for most of the year.
- 5:46Speaker 1: You don't anticipate a break out after clarity at all.
- 5:52Speaker 5: That's the earliest I could see a breakout. That's potentially
- 5:54Speaker 5: the earliest I could see depending on what that just happened.
- 5:58Speaker 5: You know, you follow that a little bit more than me.
- 6:00Speaker 5: I would ask you, you know, when he win's your
- 6:01Speaker 5: estimate on that.
- 6:02Speaker 1: Timing is real important. We've got actually we got a
- 6:05Speaker 1: big video we're getting ready to release that. We'll talk
- 6:07Speaker 1: about this. It'll go in detail because there's a lot
- 6:10Speaker 1: happening right now. Remember Tim Scott this week. I don't
- 6:12Speaker 1: know if you saw it, but Tim Scott, who's the
- 6:15Speaker 1: head of the Senate Finance Banking Committee, he said Friday
- 6:18Speaker 1: he was expecting stuff on his desk. Well that my
- 6:21Speaker 1: friend is today, so could happen sooner than later, and
- 6:25Speaker 1: the question will be if they get a deal versus
- 6:30Speaker 1: it getting it passed, because I think it could go
- 6:32Speaker 1: through pretty quickly. So once it does hit that, I
- 6:36Speaker 1: think the real question is is do we get a
- 6:37Speaker 1: big pump and then just a retracement down because of
- 6:40Speaker 1: all the macro question marks right now, because that's the
- 6:44Speaker 1: question right now that everybody's asking, when should I go
- 6:48Speaker 1: all in?
- 6:48Speaker 2: Right now?
- 6:49Speaker 4: When go all in?
- 6:52Speaker 5: I think the best thing now is DCA. From now, No, you.
- 6:55Speaker 1: Cannot say that, Evan, No, DCA. We are past DCA
- 6:59Speaker 1: time we are at all in. The chips are on
- 7:03Speaker 1: the table. I've got him in front of me right now,
- 7:06Speaker 1: and we're ready.
- 7:07Speaker 5: The question a better answer. I got her low sixties.
- 7:10Speaker 5: Probably low sixties.
- 7:11Speaker 1: That's low sixties is what you're pointing at. Okay, all right, yeah,
- 7:13Speaker 1: low sixties on bitcoin. There you have it, guys, all
- 7:16Speaker 1: in at low sixties. Not financial advice, by the way,
- 7:20Speaker 1: we are telling you to go all in. Do not
- 7:23Speaker 1: take a mortgage on your home. Do not put all
- 7:25Speaker 1: your stuff in one place. I know I don't have
- 7:28Speaker 1: to tell you guys this, but just in case, don't
- 7:30Speaker 1: do that. But that's the point I want to get at.
- 7:33Speaker 1: I want to go to a clip here from Tom
- 7:35Speaker 1: Lee because now we're going to talk about eight versus
- 7:38Speaker 1: the S and P, and I want you to tell
- 7:40Speaker 1: me what you think after this.
- 7:42Speaker 2: Take a look.
- 7:43Speaker 6: And he's provided an analysis to us that says Ethereum
- 7:48Speaker 6: in the last few months, especially since October, is really
- 7:53Speaker 6: mirroring what happened to the S and P five hundred
- 7:55Speaker 6: and twenty eleven and what happened to the S and
- 7:59Speaker 6: P five hundred nineteen eighty seven. There's a ninety three
- 8:02Speaker 6: percent correlation to what Ethereum's doing today to what the
- 8:06Speaker 6: SMP did in nineteen eighty seven. If you apply that
- 8:10Speaker 6: same forecast, Ethereum would have bottomed on March seventh. And
- 8:16Speaker 6: if we're correlating this to the twenty eleven episode, Ethereum
- 8:21Speaker 6: is bottoming today. Using his analysis, we think we're at
- 8:26Speaker 6: the bottom or exiting the crypto winter. Now, another way
- 8:29Speaker 6: to think of it is this measure called realized price,
- 8:32Speaker 6: and looking at the average purchase price of ethereum on
- 8:35Speaker 6: the Ethereum blockchain, the average purchase price is two two
- 8:39Speaker 6: hundred and forty one dollars for ethereum. The two most
- 8:41Speaker 6: recent lows in twenty twenty two and last year, ethereum
- 8:47Speaker 6: traded at a thirty nine percent discount to the realized
- 8:50Speaker 6: price and at twenty one percent discount. In twenty twenty five,
- 8:54Speaker 6: your average position was in a loss of twenty one percent.
- 8:57Speaker 6: Currently we're at twenty two percent. So we're at the
- 9:00Speaker 6: level where in twenty twenty five ethereum started to turn higher.
- 9:06Speaker 2: Wow.
- 9:06Speaker 1: Okay, Well, first of all, Tom Lee and his analysts
- 9:11Speaker 1: have called bottoms before this period of time on eth,
- 9:15Speaker 1: So let's just everybody knows that. I don't think we
- 9:17Speaker 1: have to tell you that sometimes the emperor has no
- 9:20Speaker 1: close kind of thing, but that's kind of the situation.
- 9:23Speaker 1: I don't know if I but first of all, going
- 9:25Speaker 1: all the way back to eighty seven, that was a
- 9:28Speaker 1: cataclismic event. Now could this thing that we're dealing with
- 9:33Speaker 1: now around oil and what's going on in the Middle East,
- 9:36Speaker 1: could that be a cataclysmic event.
- 9:38Speaker 2: I just don't know.
- 9:38Speaker 1: If it's as big, it does affect a lot of things.
- 9:41Speaker 1: How would you trade eth versus the S and P
- 9:45Speaker 1: right now?
- 9:46Speaker 5: I think there's a strong argument to make, just like Bitcoin,
- 9:49Speaker 5: that it's bottomed out against the S and P five
- 9:51Speaker 5: hundred c right here very so like the problem is
- 9:54Speaker 5: that people would not like it is because it's still
- 9:56Speaker 5: it's at the same area was against the S and
- 9:58Speaker 5: P five hundred back June of twenty two to twenty
- 10:01Speaker 5: two at that low. So obviously this bull market didn't
- 10:04Speaker 5: give us much. So obviously one of two things is
- 10:06Speaker 5: gonna happen. Either you get like more of a lackluster
- 10:09Speaker 5: bull market and you just come back up to these
- 10:11Speaker 5: areas or something, or maybe even worse. I don't think
- 10:14Speaker 5: that I'm I have a sopsot for ETH, I'll tell
- 10:16Speaker 5: you that much. So I think eventually after all this consolidation,
- 10:19Speaker 5: especially with better monetary policy this time around, we could
- 10:23Speaker 5: tell you know, there's gonna be less cuts than anticipated,
- 10:26Speaker 5: but still you're not in QT anymore. You could see
- 10:29Speaker 5: a jump on ETH versus you know, S and P
- 10:32Speaker 5: five hundred, maybe almost like this, maybe almost like this
- 10:36Speaker 5: in this bull run if you can kind of reclaim itself.
- 10:38Speaker 5: But I think in the short term this probably is
- 10:41Speaker 5: bonded against S S and P five hundred.
- 10:42Speaker 4: I would assume in.
- 10:43Speaker 5: The very short term you'll probably did lee dally and
- 10:45Speaker 5: consolidate a lot and then eventually break up or probably
- 10:48Speaker 5: sometime in a quarter four of this year or sometime
- 10:50Speaker 5: in twenty twenty seven. So but yeah, it looks very
- 10:53Speaker 5: good against SMP five hundred, just like Bitcoin against s
- 10:56Speaker 5: sm P five hundred.
- 10:57Speaker 1: Right now, do you think the S and P is
- 10:59Speaker 1: set for another ten percent down or what?
- 11:03Speaker 4: Most likely?
- 11:04Speaker 5: I think the S and P will five hundred will
- 11:06Speaker 5: come down more. I think Crypto will hold up against it.
- 11:08Speaker 5: I think we've seen most of the blood on crypto,
- 11:11Speaker 5: just like we saw in twenty twenty two. You know,
- 11:14Speaker 5: as long as you don't count the last drop down
- 11:16Speaker 5: to fifteen k for Bickwin. So if we look at
- 11:17Speaker 5: the S and P five hundred, it's a pretty obvious,
- 11:20Speaker 5: you know, typical you know correction that we've seen. We
- 11:23Speaker 5: may get a little bounce to the short term six percent.
- 11:25Speaker 5: I would guess that you may retrace ten to like
- 11:28Speaker 5: fourteen percent here kind of these peaks you know over here.
- 11:32Speaker 5: But this is not that bad compared to what we've seen.
- 11:34Speaker 4: I mean, this is a.
- 11:35Speaker 5: Seven per eight percent more correction. I mean, even if
- 11:38Speaker 5: Bitcoin goes down another I think twenty percent from here,
- 11:41Speaker 5: you're not going to make a lower low. So this
- 11:43Speaker 5: is definitely not the end of the world, you know situations,
- 11:47Speaker 5: I think, you know, I think this should be done,
- 11:50Speaker 5: you know, within a few months. With Iran, I wouldn't
- 11:53Speaker 5: say you're going to have crazy, crazy inflation. I think
- 11:57Speaker 5: people are getting a little bit overly, overly afraid. But
- 12:00Speaker 5: I think that the energy bowl run will go on
- 12:02Speaker 5: for you know, things like XL energy teah.
- 12:04Speaker 4: I think that'll go on for you know, maybe a
- 12:06Speaker 4: few more months.
- 12:07Speaker 5: I think by summer we should be you know, kind
- 12:09Speaker 5: of done with that and then well on our way.
- 12:12Speaker 1: But Kevin O'Leary is now jumping in on this. He says,
- 12:15Speaker 1: there's a ton of pressure and it has to resolve soon.
- 12:19Speaker 7: Take a look, it takes about three months of gasoline
- 12:23Speaker 7: or at least oil barrel price to above ninety five
- 12:27Speaker 7: to get into that six to seven dollars gasoline price.
- 12:32Speaker 7: That's the freak out price for the consumer. We're in
- 12:35Speaker 7: nowhere near there. We're just twenty plus days into this
- 12:39Speaker 7: conflict with Toleen.
- 12:40Speaker 6: I mean that that feels like, I don't know, the
- 12:42Speaker 6: seventies level crisis.
- 12:44Speaker 7: Yeah, well that's that's what the numbers say. I mean,
- 12:46Speaker 7: if you actually keep the per barrel price, the input
- 12:50Speaker 7: price to the refinery north of ninety five dollars for
- 12:54Speaker 7: three months. That's where you get to historically. Now, I
- 12:57Speaker 7: think the president knows how. I think the Minstration knows that.
- 13:00Speaker 7: I think midterms know that. I think every politician both
- 13:04Speaker 7: sides of the aisle know that. So there's a lot
- 13:07Speaker 7: of pressure to resolve this sooner than later. And secondly,
- 13:11Speaker 7: but it's not good enough to resolve it and stop
- 13:14Speaker 7: bombing Iran. You have to resolve the straight of her moves.
- 13:19Speaker 2: Totally agree with that. One.
- 13:21Speaker 1: Oil is the big issue here when you talk about that,
- 13:25Speaker 1: and then.
- 13:25Speaker 2: What Leary's talking about. Look at this right here.
- 13:29Speaker 1: Hyper liquid now trading more oil and gold and silver
- 13:33Speaker 1: than crypto.
- 13:34Speaker 2: This is insane. Are you trading oil on hyper liquid?
- 13:39Speaker 5: I I just spot I'm not like an oil to
- 13:42Speaker 5: be huge oil trader. I've just spot excelly on spot right.
- 13:46Speaker 1: So you're going going, all right, well, Hype, we got
- 13:52Speaker 1: a chart because hype is a good example of some
- 13:55Speaker 1: explosion when over time the real question is is does
- 13:59Speaker 1: it agnate here? Does it continued to fly based on
- 14:02Speaker 1: all its new opportunities that it's drilled into especially around regulation.
- 14:09Speaker 1: Do you have a chart on hype?
- 14:11Speaker 5: Oh yeah, all right, like a lot so hype when
- 14:15Speaker 5: we get into this. I mean you see good momentum
- 14:18Speaker 5: changes right here. I like this, these emas coming into
- 14:21Speaker 5: the brights. I mean, this is the only thing that's
- 14:22Speaker 5: really outperformed bitcoin, you know, in the last few months
- 14:25Speaker 5: here really this year, there's not too many.
- 14:27Speaker 4: So you know, I think it could generally keep going.
- 14:29Speaker 5: I mean, you have a huge speed bump, you know,
- 14:31Speaker 5: coming in a little bit, you know, between fifty to
- 14:33Speaker 5: forty five, so and you got your RSIs turned to
- 14:36Speaker 5: come down. I mean, I wouldn't say it's the most
- 14:38Speaker 5: foolish thing in the world, but you probably got at
- 14:40Speaker 5: least a little bit more. I think the real question
- 14:42Speaker 5: is can you break above that fifty area. I would say,
- 14:46Speaker 5: with bitcoin potentially being in more of a crab market,
- 14:48Speaker 5: you know, not doing anything too crazy anytime soon, probably
- 14:51Speaker 5: something like this would happen and you'd constitue to consolidate
- 14:54Speaker 5: or something.
- 14:56Speaker 4: It's hard to say on this.
- 14:57Speaker 5: You kind of got to see what happens once you
- 14:59Speaker 5: get up to like forty five, because if things look bearish,
- 15:02Speaker 5: you know, between forty five to fifty, it's probably gonna
- 15:04Speaker 5: roll over. I mean, you have a potential trend reversal
- 15:07Speaker 5: sign here, So I would be like slightly bullish at best,
- 15:12Speaker 5: Like there's no major topping signs, and I think you'll
- 15:15Speaker 5: come up higher, but I don't know if you're going
- 15:16Speaker 5: to break, you know.
- 15:17Speaker 1: Yeah into all time Okay, you don't think we get
- 15:20Speaker 1: all time highs out of it, at least not any
- 15:22Speaker 1: times soon.
- 15:23Speaker 4: Ah, it's so tough to say. I mean, is it one.
- 15:26Speaker 1: Of the would this be in one of your long
- 15:28Speaker 1: term bags though, like a Salona and a theory?
- 15:31Speaker 5: Yeah, you know, it probably will be as long as
- 15:34Speaker 5: it continues to perform bitcoin. I think that's the that's
- 15:37Speaker 5: the good bet on it. So I think it is,
- 15:39Speaker 5: you know, just strong. I mean, I think it for
- 15:40Speaker 5: a lot of interest that people losing interest in treating oil.
- 15:43Speaker 5: There's going to be competitors and other things coming towards it.
- 15:46Speaker 4: But yeah, for now, I like it.
- 15:48Speaker 1: Yeah, let's talk about world liberty.
- 15:51Speaker 2: Five. This is another token that we're watching right here.
- 15:54Speaker 2: Here was a.
- 15:54Speaker 1: Tweet and it says value proposition in bribes the trumpet
- 15:59Speaker 1: or sart. Basically, what happens is is if if you
- 16:03Speaker 1: want access to get in you can become a validator,
- 16:06Speaker 1: a supernode, I should say. But it's a significant amount
- 16:10Speaker 1: of money here, like talking forty plus million to get
- 16:13Speaker 1: this done. So fifty million wealfa approximately five million a
- 16:16Speaker 1: current price. You're talking about a lot of money to
- 16:19Speaker 1: get in there into the.
- 16:20Speaker 2: Old boys, the good old boys club.
- 16:22Speaker 1: My question, has this become an access token into the
- 16:27Speaker 1: inner circle of Trump?
- 16:29Speaker 5: I mean, when we look at the only thing I
- 16:31Speaker 5: could really do on this is look at the chart,
- 16:33Speaker 5: and the chart's not too attractive at the moment, so
- 16:35Speaker 5: bloody yeah, it just comes down the thing I'm looking
- 16:38Speaker 5: at is look at the daily right here, see how
- 16:40Speaker 5: these emas turned from like, you know, great at right
- 16:43Speaker 5: and also your money flow came from red to green here,
- 16:46Speaker 5: so I'd be looking at that and that's probably not
- 16:48Speaker 5: going to be It would align with that theory more
- 16:51Speaker 5: in the middle of this year or a few months
- 16:53Speaker 5: from now, potentially a buy there and then you could
- 16:55Speaker 5: ride this up a little bit. But as of right now,
- 16:57Speaker 5: I wouldn't touch this.
- 16:58Speaker 4: So yeah, all.
- 16:59Speaker 2: Right, well, hey, winners of the Iranian war.
- 17:02Speaker 1: Right now, we got Eric and Don and there's a
- 17:06Speaker 1: little drone company that they're working with. This is Jared
- 17:08Speaker 1: Kushner's plans to reconstruct the Gulf. You got Witcoff also
- 17:12Speaker 1: involved on this on some real estate deals. So there's
- 17:16Speaker 1: the plan right there. Remember Steve Woitcotd, this is the
- 17:18Speaker 1: special envoy right now, so he knows where all the
- 17:20Speaker 1: deals being made. Then you got the wi Cooff boys
- 17:24Speaker 1: over here. He's the they're the equivalent of the Trump
- 17:26Speaker 1: Boys over here with their super power player over here,
- 17:31Speaker 1: Jared Kushner, and he knows where all the bodies are buried.
- 17:35Speaker 2: But they have.
- 17:36Speaker 1: Moved into a little drone company that we are tracking,
- 17:41Speaker 1: and it's this company right here. It's called power US,
- 17:45Speaker 1: Power US, Power US. This is a new drone that
- 17:51Speaker 1: they're manufacturing to deal with these super drones that are
- 17:54Speaker 1: coming out of Iran, costing US like a you know,
- 17:56Speaker 1: a million dollars a missile to shoot down a twenty
- 17:59Speaker 1: thousand dollars drone that's like two iPhones right there.
- 18:03Speaker 2: Look at that?
- 18:03Speaker 4: Can you see can you see this small?
- 18:06Speaker 2: Yeah, that's a little bitty thing.
- 18:08Speaker 1: If these guys, and they're publicly traded right now, so
- 18:12Speaker 1: if they are roland the opportunity here. If you look
- 18:16Speaker 1: at their ticker right now, would this be one you
- 18:19Speaker 1: do anything with or you'd say, nah, it's just it's
- 18:22Speaker 1: too speculative and it's definitely too weak.
- 18:25Speaker 2: But what if they get a government contract?
- 18:29Speaker 5: Yeah, I think there's potential now that I see what
- 18:31Speaker 5: it actually looks like.
- 18:32Speaker 4: Man, I mean it's wild.
- 18:33Speaker 5: I mean when we look at this chart, it's you know,
- 18:36Speaker 5: you see the momentum, So you see these gray EMA's
- 18:38Speaker 5: right here in your two day they're turning bright. So
- 18:41Speaker 5: there's definitely a lot of potential. It's similar to kind
- 18:43Speaker 5: of that hype chart a little bit. I think it's
- 18:44Speaker 5: at least going to get it to seven bucks here.
- 18:46Speaker 5: If you can break them up there, you got more
- 18:48Speaker 5: moment you got more potential.
- 18:50Speaker 4: I could see eleven.
- 18:51Speaker 5: You know, it's tough to say when you're in price
- 18:53Speaker 5: discovery mode, but like if a lot of people are
- 18:54Speaker 5: thinking what you're thinking, I mean, seventy five mill market cap,
- 18:58Speaker 5: I mean, the sky is the limit.
- 18:59Speaker 2: Yeah, if you.
- 19:00Speaker 1: Look at the idea at least of where Avax has
- 19:05Speaker 1: been and now you have this partnership right here, Animoka
- 19:09Speaker 1: and Ava Labs now partnering within it. If you look
- 19:12Speaker 1: at this right here, the collaboration will intentionally focus on
- 19:17Speaker 1: the Middle East and Asia.
- 19:19Speaker 5: EVACS has been sketchy lately, you know, in terms of
- 19:21Speaker 5: the charts. Who made a lower low like the sketchy Yeah,
- 19:25Speaker 5: it's just a sketchy chart, man. I think that's why. Yeah,
- 19:28Speaker 5: I made a lower low.
- 19:29Speaker 4: That's not good.
- 19:29Speaker 5: I mean you're trying to I mean, as long as
- 19:31Speaker 5: you can kind of hold like these areas, I guess
- 19:33Speaker 5: there's some hope. I mean, I'd love to see it
- 19:35Speaker 5: above ten dollars, not even at ten dollars. That's the
- 19:38Speaker 5: that's the technical issue. And you're rejecting from this area.
- 19:40Speaker 5: And yeah, I would guess. I think after a long consolidation,
- 19:44Speaker 5: hopefully we kind of continue forward here. I think what's
- 19:46Speaker 5: important is to look at this on its bitcoin pair
- 19:49Speaker 5: and see what could potentially happen. And I mean, you
- 19:52Speaker 5: are you've generally just bled against bitcoin. However, what you
- 19:56Speaker 5: could do here would I like to do a lot,
- 19:58Speaker 5: especially in environments like this, you know, set it's bled
- 20:02Speaker 5: so much against bitcoin, I have to mess with my
- 20:03Speaker 5: my thing doesn't even want to take this, show me
- 20:06Speaker 5: this trade. But essentially, if if it makes a lower
- 20:09Speaker 5: low against bitcoin, I would get out you know, I'll
- 20:11Speaker 5: get out quickly. But you could try to ride this
- 20:13Speaker 5: up against Bitcoin and potentially, you know, sky's the limit here.
- 20:16Speaker 4: It could come back a lot.
- 20:17Speaker 5: But when you look at charts like this, when it
- 20:18Speaker 5: just only really goes down against Bitcoin except this one
- 20:22Speaker 5: jump in the end of twenty three, like, it's sketchy.
- 20:26Speaker 4: That's all I'm gonna.
- 20:26Speaker 1: Say, less and less. So that's a big of a reach. Okay,
- 20:29Speaker 1: let's get into the Salona chart. Give me a little
- 20:34Speaker 1: bit of a First of all, this is what I know.
- 20:37Speaker 2: This is one of your.
- 20:37Speaker 1: Forever products, or not forever, but nothing's forever, but one
- 20:41Speaker 1: of your long term holds. How would you reposition on
- 20:45Speaker 1: Solana right now? Once we get into possibly Okay, bottom's in,
- 20:50Speaker 1: it's market up, we're all in.
- 20:52Speaker 2: How would you position on Slona?
- 20:54Speaker 5: So I think that Solana probably has hit a bottom.
- 20:57Speaker 5: There's a good chance that it may have hit a
- 20:58Speaker 5: bottom sixty seven dollars, especially if Bitcoin and eth have
- 21:01Speaker 5: bottomed out, which I think it's a good chance they have.
- 21:04Speaker 5: I do think it's gonna be long consolidation. Like a
- 21:06Speaker 5: lot of other things. I think you're gonna come down,
- 21:07Speaker 5: maybe retest these areas that's what you may see for
- 21:10Speaker 5: a lot of this year, boringness, potential snooze fest. But
- 21:13Speaker 5: after that, you know, potentially coming in, you know, a
- 21:16Speaker 5: lot more. So I do think that, So, I mean,
- 21:19Speaker 5: I do think Solana is gonna see, you know, rides up,
- 21:22Speaker 5: not this orly not that, not in twenty twenty six,
- 21:25Speaker 5: but maybe two hundred dollars sometime in early twenty twenty seven,
- 21:29Speaker 5: you know, and then so on and so forth. If
- 21:30Speaker 5: we look at Solana versus Bitcoin right here, and this
- 21:35Speaker 5: looks pretty good as well, this area right here, I
- 21:37Speaker 5: would like to hold this low on Solona versus bitcoin.
- 21:40Speaker 5: If it does lose this low on Solana versus Bitcoin,
- 21:43Speaker 5: then I would be more fearful that you'd come down farther.
- 21:46Speaker 4: But as long as you hold this, I'm good with it.
- 21:48Speaker 4: You know. I think this is one of the you.
- 21:49Speaker 5: Just got to pay attention here, Like it's one of
- 21:51Speaker 5: those trades where you know, you put you buy some
- 21:54Speaker 5: Solana and then if it drops another fourteen percent, let's
- 21:57Speaker 5: say it's bitcoin, you take that little loss, you convert
- 21:59Speaker 5: to coin again because it's probably gonna break down further.
- 22:02Speaker 5: But I think that it rhymes a little bit with
- 22:05Speaker 5: you know, these areas over here, this kind of even
- 22:09Speaker 5: twenty twenty three, a little bit where you just have
- 22:11Speaker 5: performed Bitcoin for a while, I think you're gonna see
- 22:14Speaker 5: consolidation like this was a giant consolidation point. So you
- 22:17Speaker 5: could see, you know, boring this against bitcoin four maybe
- 22:20Speaker 5: into early next year, and then you jump up. That's
- 22:23Speaker 5: what I'm kinda that's what that's what my educated for
- 22:26Speaker 5: my educated guest would be right there.
- 22:27Speaker 1: Okay, all right, cool, So out of this for an
- 22:31Speaker 1: all in portfolio, what coins would you on digital assets?
- 22:37Speaker 2: Let's just go digital assets. Where would you.
- 22:39Speaker 1: Be getting ready to go all in once you feel
- 22:42Speaker 1: that trigger occurs and you're saying that it's a low
- 22:45Speaker 1: sixty bitcoin.
- 22:48Speaker 5: Probably, yeah, I mean digital I mean other end bitcoin
- 22:50Speaker 5: ethereum absolutely, Solana absolutely, XRP. It's honestly the higher market
- 22:58Speaker 5: cap ones that have still the test of time.
- 23:01Speaker 2: What hype though, would be there, No.
- 23:04Speaker 5: Hype is a smaller position, but yes, that would be,
- 23:06Speaker 5: you know, that definitely would be. And then whatever has momentum,
- 23:11Speaker 5: you know, towards the end of this year, middle of
- 23:12Speaker 5: this year, whatever gains the momentum, it could be some
- 23:14Speaker 5: new ones too.
- 23:16Speaker 4: You know.
- 23:17Speaker 5: I mean if Avax, could we talk about Avax, if
- 23:19Speaker 5: that could get some momentum back, then potentially that could
- 23:22Speaker 5: be one.
- 23:23Speaker 4: So yeah, I mean.
- 23:24Speaker 1: Either gold and silver though, geez, look at the gold chart.
- 23:27Speaker 1: This thing is down off of fifty four hundred, trading
- 23:31Speaker 1: now at forty five hundred. You look at silver off
- 23:35Speaker 1: of the one seventeen high now trading at sixty nine
- 23:39Speaker 1: dollars basically half price. Wow, in a very short period
- 23:43Speaker 1: of time. So all of those wins, if you didn't
- 23:46Speaker 1: get out of the medals, you're stuck right now. And
- 23:49Speaker 1: then if you didn't rotate into bitcoin, which is currently
- 23:53Speaker 1: at sixty nine, I mean, you might have rotated in
- 23:55Speaker 1: at this little zone right here, this last fifteen to
- 23:58Speaker 1: twenty days, which might end up being somewhere around the
- 24:02Speaker 1: bottom that was sixty three eight. But we saw this
- 24:04Speaker 1: dip right here, which was the sixty k you know
- 24:09Speaker 1: that we saw back on the sixth of February.
- 24:11Speaker 2: So I don't know, interesting stuff for sure. Evan, always
- 24:16Speaker 2: good seeing you. Thank you so much.
- 24:17Speaker 1: You guys follow Evan over on Evan Aldough on YouTube,
- 24:21Speaker 1: you guys can find him. We put up his YouTube
- 24:23Speaker 1: so many times, but.
- 24:24Speaker 2: He is the guy.
- 24:25Speaker 1: If you want to get into a trading course, learn
- 24:27Speaker 1: a little bit more about how.
- 24:29Speaker 2: To do entries and exits, all that kind of stuff.
- 24:32Speaker 2: This is your buddy.
- 24:40Speaker 1: If you like this video, like and subscribe, drop a
- 24:43Speaker 1: comment down below, and also join our free private member group.
- 24:47Speaker 2: The link is in the description.