Latest / The Paul Barron Crypto Show / Bitcoin One Last Crash?🚀Technical Analysis with Investing Broz

Transcript

Bitcoin One Last Crash?🚀Technical Analysis with Investing Broz · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Markets are starting to get into a position where we
• 0:10
  Speaker 1: may see a break, whether it's up or down. I
• 0:13
  Speaker 1: think the key here is going to be looking at
• 0:14
  Speaker 1: some of the indicators that could be flowing into Bitcoin,
• 0:18
  Speaker 1: ethereum and also some of the key all coins. So
• 0:21
  Speaker 1: today we'll be breaking it down on charts. You guys
• 0:23
  Speaker 1: don't want to miss it. My name is Paul Barren.
• 0:24
  Speaker 1: Welcome back to that tech path. I do want to
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• 1:05
  Speaker 2: So thanks for that. Let's go over to a couple
• 1:08
  Speaker 2: of topics.
• 1:08
  Speaker 1: But I do want to bring in our special guest today,
• 1:11
  Speaker 1: and of course that is mister Tim Warren from Investing Bros.
• 1:14
  Speaker 2: How are you Tim?
• 1:16
  Speaker 3: Doing good?
• 1:16
  Speaker 4: Paul, Great to be back here again. Excited to break
• 1:19
  Speaker 4: down the charts with you.
• 1:20
  Speaker 1: Yeah, we're going to look at a few things today.
• 1:22
  Speaker 1: Obviously there's some things happening with bitcoin. US government now
• 1:26
  Speaker 1: pressuring bitcoin with potential a little bit of sale, much
• 1:30
  Speaker 1: like Germany, much like Mount Cox. We've seen this act
• 1:34
  Speaker 1: before and when you look at bitcoin in general. A
• 1:37
  Speaker 1: couple of points that they make in the article here
• 1:40
  Speaker 1: right now is about nineteen almost twenty thousand bitcoin were
• 1:43
  Speaker 1: sent to their interim address three weeks ago.
• 1:45
  Speaker 2: That was on the Silk Road.
• 1:46
  Speaker 1: Recent movement showed the government now may have placed ten
• 1:49
  Speaker 1: thousand bitcoin on exchanges. But if that does happen, we
• 1:53
  Speaker 1: could see a little bit of a flash crash. Suspicions
• 1:55
  Speaker 1: of selling the coins come from a usual way that
• 1:58
  Speaker 1: the US Marshall Service has handled the confiscated coins, so
• 2:02
  Speaker 1: they are watching some of these wallets in terms of movement.
• 2:06
  Speaker 1: Do you think this has any major bearing on how
• 2:09
  Speaker 1: bitcoin responds, because right now it's sub sixty But we
• 2:13
  Speaker 1: haven't seen that close to fifty thousand dollars range in
• 2:17
  Speaker 1: some time. What are your thoughts right now in terms
• 2:19
  Speaker 1: of bitcoin.
• 2:20
  Speaker 4: Yeah, I think something that the people need to make
• 2:22
  Speaker 4: sure they understand is there's a big difference between what
• 2:24
  Speaker 4: the US government has to do and what Germany had
• 2:27
  Speaker 4: to do. That was a big ordeal with Germany where
• 2:29
  Speaker 4: it came out that it wasn't Germany choosing to sell
• 2:32
  Speaker 4: bitcoin because they wanted to, even though at this point
• 2:35
  Speaker 4: might have been a good decision. Ultimately they had a
• 2:38
  Speaker 4: law or regulation that said they had to sell after
• 2:41
  Speaker 4: liquidation of time.
• 2:43
  Speaker 3: That is not the case with the US government.
• 2:44
  Speaker 4: I'm going to be on the side of the tinfoil
• 2:46
  Speaker 4: hat here, Paul and say, what a coincidence? What a
• 2:50
  Speaker 4: coincidence that has the stock market is climbing after favorable
• 2:53
  Speaker 4: inflation news numbers and also favorable job numbers that should
• 2:58
  Speaker 4: bring an ease to the the Fed rates. We're probably
• 3:01
  Speaker 4: gonna get a rate cut in September. But crypto's falling
• 3:05
  Speaker 4: in terms of manipulative manipulative moves so that whales can
• 3:08
  Speaker 4: buy lower. What's the coincidence right here with the news
• 3:12
  Speaker 4: coming out or the rumor, Oh guys, look, America's moving
• 3:16
  Speaker 4: some coins around.
• 3:17
  Speaker 3: Are they selling?
• 3:18
  Speaker 4: Let's spread this fud out there for a coincidence, so
• 3:21
  Speaker 4: that retail freaks out all the while, if you continue
• 3:25
  Speaker 4: to watch what Wall Street's doing, if you continue to
• 3:27
  Speaker 4: watch what Black Rock's doing, if you continue to watch
• 3:29
  Speaker 4: what all these large whales and institutions are doing, they're
• 3:33
  Speaker 4: using this as an opportunity to buy up the dip.
• 3:35
  Speaker 4: I think this is a hey, look over here, so
• 3:37
  Speaker 4: we can buy all the bitcoin, and maybe even you
• 3:39
  Speaker 4: capitulate to us so we can buy more supply. I'm
• 3:42
  Speaker 4: not buying the rumors. There's no evidence at this point
• 3:44
  Speaker 4: they're actually going to sell. And I'll say this my
• 3:47
  Speaker 4: last thing here. Recently, of course, everyone is very concerned
• 3:50
  Speaker 4: about what the presidential elections going to look like. Of Course,
• 3:53
  Speaker 4: historically Biden's camp was not pro crypto. Kamala is a
• 3:56
  Speaker 4: part of that camp. But she's trying to change that perspective.
• 4:00
  Speaker 4: She's gonna be successful or not, it's a different question.
• 4:02
  Speaker 4: But if the US government, which Biden is still president,
• 4:05
  Speaker 4: if he is secretly selling bitcoin, he's pulling the legs
• 4:08
  Speaker 4: out from under Kamala. If she's trying to gain any
• 4:11
  Speaker 4: crypto support, So that doesn't even logically make sense.
• 4:15
  Speaker 1: Well, it's politics, so you never know how that. Yes,
• 4:20
  Speaker 1: you know the counterpoint Wes side that one party is
• 4:23
  Speaker 1: playing versus the other, because I think a lot of
• 4:25
  Speaker 1: people were still questioning how that might you know, end
• 4:28
  Speaker 1: up in as to who's going to be the Democratic nominee? Tim,
• 4:31
  Speaker 1: do you think it they're gonna cut? Do you think
• 4:32
  Speaker 1: you'll see a cut coming out of chair Pal?
• 4:35
  Speaker 4: I absolutely do. I think they're gonna cut. I think
• 4:38
  Speaker 4: that they I think there's one of this knowledge. I
• 4:39
  Speaker 4: think even Jerome Powell has to understand reality. But he's
• 4:42
  Speaker 4: gonna get away with saying I'm a good chairman. Look
• 4:45
  Speaker 4: at how I was able to create a soft landing
• 4:47
  Speaker 4: and get us back to cutting rates. I mean, Paul,
• 4:50
  Speaker 4: on the data point, we're down to two point nine,
• 4:52
  Speaker 4: the lowest we've been since March of twenty twenty one.
• 4:55
  Speaker 4: He's gonna get to go in the history books and
• 4:57
  Speaker 4: they're gonna write it in a way that makes him
• 4:58
  Speaker 4: look like he was an a azing chairman of the FED.
• 5:01
  Speaker 3: He wants to keep that.
• 5:02
  Speaker 4: If he doesn't cut rates, that A is going to
• 5:05
  Speaker 4: be bad for which I the administration. I think he's
• 5:07
  Speaker 4: more aligned with and that is the Kamala and Biden
• 5:10
  Speaker 4: administration that looks bad for them. So he's incentivized on
• 5:13
  Speaker 4: that front to do it. But it also looks bad
• 5:14
  Speaker 4: on him because if he's wrong and he doesn't cut
• 5:17
  Speaker 4: rates and then we do see legitimate unemployment jump up,
• 5:21
  Speaker 4: even on the data side, that will make him go
• 5:23
  Speaker 4: down to history as the guy who waited too long
• 5:26
  Speaker 4: to cut rates.
• 5:26
  Speaker 3: He doesn't want to be that guy.
• 5:28
  Speaker 4: That being said, he's going to do it in from
• 5:30
  Speaker 4: a stance of c He's gonna do it from a
• 5:31
  Speaker 4: stance of confidence with only twenty five points. Fifty points
• 5:34
  Speaker 4: would look scared, and that will be fears of a recession.
• 5:37
  Speaker 4: Twenty five is a hey, guys, we won now we
• 5:40
  Speaker 4: can start cutting rates because we solved inflation.
• 5:43
  Speaker 2: Yeah.
• 5:43
  Speaker 1: I think the scare for a lot, and you've seen
• 5:45
  Speaker 1: some analysts kind of point to this is that right now,
• 5:48
  Speaker 1: even though to your point we see kind of reality
• 5:51
  Speaker 1: versus what the data is pointing in is that if
• 5:54
  Speaker 1: he does pause, you know, because there's two options here.
• 5:57
  Speaker 1: If he cuts and we end up seeing another inflation
• 6:00
  Speaker 1: bump right before the election, that could be catastrophic for
• 6:03
  Speaker 1: the Democrats because it means inflation still climbing and we're
• 6:07
  Speaker 1: cutting rates. What a terrible timing. If he goes a
• 6:11
  Speaker 1: little bit softer and says, all right, we're just going
• 6:13
  Speaker 1: to pause one more month, then we're going to wait
• 6:15
  Speaker 1: until the next FOMC to drop the rates.
• 6:19
  Speaker 2: That may end up being a little bit softer.
• 6:21
  Speaker 1: But to your point is that it is a situation
• 6:24
  Speaker 1: right now where it's kind of catch twenty two for
• 6:27
  Speaker 1: chair pal. All right, So I want to go over
• 6:28
  Speaker 1: to a clip real quick of Tom Lee because he's
• 6:32
  Speaker 1: looking at this. He's an analyst that's been on many times.
• 6:35
  Speaker 1: Most of the time, he's very bullish, and he has
• 6:38
  Speaker 1: an interesting take on this. I want to play this
• 6:39
  Speaker 1: for you. Last week, was it difficult to keep your
• 6:43
  Speaker 1: bearings in the midst of that crazy price.
• 6:45
  Speaker 5: Action, without question, because the market had been whipsawed by
• 6:51
  Speaker 5: data point to data point as you guys were recapping,
• 6:53
  Speaker 5: you know, the job support raised for session fears, big
• 6:57
  Speaker 5: risk off. Then we got inflation this week, which was
• 7:00
  Speaker 5: pretty tame, and I think markets suddenly went back to
• 7:04
  Speaker 5: thinking about liquidity coming into markets. I think that the
• 7:08
  Speaker 5: data dependence of the markets and the FED is very
• 7:11
  Speaker 5: tough for investors, and I think if you look ahead,
• 7:15
  Speaker 5: i'd say we always know the summer is tough. Summer
• 7:18
  Speaker 5: probably runs through October. But I don't think that anything's
• 7:21
  Speaker 5: changed into year end, which should look pretty good.
• 7:24
  Speaker 3: But is that are you lower conviction now than you
• 7:26
  Speaker 3: were two weeks ago?
• 7:29
  Speaker 5: No, no change in our conviction, But it is just
• 7:31
  Speaker 5: recognizing August historically is a tough month for markets.
• 7:35
  Speaker 2: I mean, one thing.
• 7:36
  Speaker 5: That maybe investors can get be encouraged by is since
• 7:39
  Speaker 5: nineteen twenty eight, the most common month for the summer
• 7:42
  Speaker 5: low is August, and the most common week is the
• 7:45
  Speaker 5: first week of August. So I think maybe the worst
• 7:47
  Speaker 5: is behind us, but it doesn't mean we're straight up
• 7:50
  Speaker 5: from here.
• 7:51
  Speaker 1: I want to jump into the chart real quick on
• 7:53
  Speaker 1: bitcoin based on what Tom Lee had to say, where
• 7:56
  Speaker 1: do you see bitcoin going?
• 7:57
  Speaker 2: Let's say year end? Right now? Tim, you looking at.
• 8:02
  Speaker 4: Yeah, Well, I'll tell you it's really hard to use
• 8:05
  Speaker 4: the chart to say where we should be here end.
• 8:07
  Speaker 4: In terms of doing any type of technical analysis, that's
• 8:10
  Speaker 4: gonna be kind of hard to go there. I've been
• 8:13
  Speaker 4: on record as saying I didn't think that we would
• 8:15
  Speaker 4: see a new all time highs until the end of
• 8:17
  Speaker 4: August or September. I made that call way back in March,
• 8:21
  Speaker 4: told our listeners, do not be surprised.
• 8:23
  Speaker 3: We've done this before.
• 8:24
  Speaker 4: I think we're gonna do it again where we move
• 8:26
  Speaker 4: sideways or down into the having and then continue for
• 8:29
  Speaker 4: a couple more months. Why because everyone is so bullish
• 8:32
  Speaker 4: about the bitcoin having, and it is a long term,
• 8:35
  Speaker 4: very bullish thing that affects the supply and demand. But
• 8:39
  Speaker 4: when do we ever see things that are highly anticipated
• 8:42
  Speaker 4: go as planned, there's usually some form of a fake
• 8:46
  Speaker 4: out that causes people to second guess their original opinion
• 8:49
  Speaker 4: even though it was accurate. And that is that we're
• 8:51
  Speaker 4: going to be moving up into the right and I
• 8:53
  Speaker 4: had that pinned for the end that August early September.
• 8:56
  Speaker 4: I'll share my screen here. There's a couple levels I
• 8:58
  Speaker 4: think that could be innerly go right there, boom there,
• 9:01
  Speaker 4: You guys should have it. A couple levels that should
• 9:03
  Speaker 4: be interesting. But my counterpart, my co host on my show,
• 9:06
  Speaker 4: makes a very interesting point. So we're in this falling
• 9:09
  Speaker 4: broadening wedge kind of deal. It's almost like a channel,
• 9:12
  Speaker 4: but it's technically broadening out a little bit. Some of
• 9:14
  Speaker 4: the things that are keeping us down right now, Paul
• 9:17
  Speaker 4: is election concern when it comes to Kamala versus Donald Trump.
• 9:20
  Speaker 4: Clearly the markets when we thought Donald Trump was a
• 9:23
  Speaker 4: shoe and started a rally, and then as Kamala started
• 9:25
  Speaker 4: to pick up more steam, we fall into the downside.
• 9:28
  Speaker 4: I think that there's a long time between now and
• 9:31
  Speaker 4: the election season. I think that that polling system's gonna
• 9:34
  Speaker 4: flip flop back and forth and back and forth. But
• 9:37
  Speaker 4: we might be looking for new all time highs when
• 9:40
  Speaker 4: we get some sort of feeling either a at first
• 9:43
  Speaker 4: that it looks like Donald Trump is gonna win. That
• 9:44
  Speaker 4: seems to be more bullish for the markets at the moment,
• 9:47
  Speaker 4: that's why people are anticipating it. Or maybe we have
• 9:49
  Speaker 4: to wait all the way until election season in November
• 9:51
  Speaker 4: to hit new all time highs. Because even if Kamala
• 9:54
  Speaker 4: were to win president, I still see bitcoin going up
• 9:56
  Speaker 4: into the right. I don't think that that's going to
• 9:58
  Speaker 4: affect it. We're still going to see new all time highs.
• 10:00
  Speaker 4: So with that being said, I'm one of the things
• 10:02
  Speaker 4: I'm watching right now chart wise structurally. Can we get
• 10:06
  Speaker 4: back above seventy thousand A just to break this descending
• 10:09
  Speaker 4: level of resistance and then b can we set a
• 10:12
  Speaker 4: new all time high. And there's a possibility we might
• 10:15
  Speaker 4: be waiting on some news and that would be a
• 10:18
  Speaker 4: comfortability that Donald Trump would be the next president. He's
• 10:21
  Speaker 4: seen as the more crypto friendly and market friendly president
• 10:25
  Speaker 4: who should pump the stocks. Of course, there's concern with kamalap.
• 10:28
  Speaker 4: That being said, when we talk about end of year,
• 10:30
  Speaker 4: I'm still a fan. I'm still a fan of the
• 10:33
  Speaker 4: concept of one hundred k before the end of the year.
• 10:35
  Speaker 4: This would correspond kind of with some movements we've seen previously.
• 10:39
  Speaker 4: I gotta get back to the logchat. We were looking
• 10:41
  Speaker 4: at linear here and I know we're gonna take a
• 10:42
  Speaker 4: look at that with ethereum here in a little bit.
• 10:44
  Speaker 4: But I'm still a fan of these big, big runs
• 10:47
  Speaker 4: that happen in December before during the bull market. Look
• 10:51
  Speaker 4: at this move in September twenty twenty into December, wrestling
• 10:55
  Speaker 4: back with former all time high. Guess what in this case,
• 10:58
  Speaker 4: I don't think because we've already set a new all
• 11:00
  Speaker 4: time high, I don't think that this line wrestles with
• 11:02
  Speaker 4: the former of all time high. I think it wrestles
• 11:04
  Speaker 4: with a psychological level of resistance. I think that level
• 11:07
  Speaker 4: could be if I were to use my pen right here,
• 11:09
  Speaker 4: a move up to level that crypto or bitcoin holders
• 11:12
  Speaker 4: have been waiting for for a long time. We get
• 11:14
  Speaker 4: to December and we're wrestling with one hundred k maybe
• 11:17
  Speaker 4: coming in here, maybe even see a correction back down
• 11:19
  Speaker 4: to eighty, a nice twenty percent correction, and then the
• 11:21
  Speaker 4: bull market really gets going even more explosively.
• 11:24
  Speaker 3: And I went way too high.
• 11:25
  Speaker 4: I don't think bitcoin's going to a four hundred k,
• 11:27
  Speaker 4: but I think we have a bigger leg in twenty
• 11:30
  Speaker 4: twenty five. But don't be surprised during bitcoin season, as
• 11:33
  Speaker 4: we see bitcoin dominance continuing to climb up here, still
• 11:36
  Speaker 4: going towards our sixty percent, I think one hundred k
• 11:39
  Speaker 4: for bitcoin is still on the table. I think late
• 11:41
  Speaker 4: December early January all coins start to run behind it.
• 11:45
  Speaker 3: That's what the moment, what I'm.
• 11:46
  Speaker 4: Still planning on and until unless we see something majorly
• 11:50
  Speaker 4: change in the news and something kind of bearish come in,
• 11:54
  Speaker 4: I'm going to hold to my prediction that one hundred
• 11:56
  Speaker 4: k six figures as possible by the end of the year.
• 11:58
  Speaker 2: I like it.
• 11:59
  Speaker 1: Okay, Tim the bull on this yes, so in a
• 12:03
  Speaker 1: good position. Right now, let's talk about ethereum. I want
• 12:06
  Speaker 1: to go to this story. Ethereum's price could crash significantly
• 12:09
  Speaker 1: according to this Peter Brandt. He it's on a few
• 12:12
  Speaker 1: points within this right now, I'll zoom in on this
• 12:14
  Speaker 1: before you can see his position. First, he's suggesting a
• 12:17
  Speaker 1: potential exit if ethereum it seeds twenty nine hundred, and
• 12:21
  Speaker 1: then he's looking also at a second indicator that we
• 12:25
  Speaker 1: could see a decline down sixteen fifty. So this is
• 12:28
  Speaker 1: based on, you know, a pattern that he's identified for ethereum.
• 12:33
  Speaker 1: When you look at the ethereum chart right now, are
• 12:36
  Speaker 1: you seeing the same thing.
• 12:38
  Speaker 3: Yeah.
• 12:39
  Speaker 4: I want to start off by saying Peter Brandt is
• 12:42
  Speaker 4: one of the more instrumental people in my development as
• 12:44
  Speaker 4: a technical analyst. I remember being a young analyst watching
• 12:47
  Speaker 4: a lot of what he did, how he read charts.
• 12:50
  Speaker 4: I'm not going to say I've copied him one hundred percent.
• 12:52
  Speaker 4: I do things a lot differently than he is he does,
• 12:54
  Speaker 4: but I respect his technical analysis very heavily and something
• 12:58
  Speaker 4: that people should know about Peter Brant. He actually just
• 13:00
  Speaker 4: put a tweet out two weeks ago where he said,
• 13:03
  Speaker 4: I loved this, Cody said. He said, when during technical analysis,
• 13:06
  Speaker 4: it's not so much about reading all of the probabilities,
• 13:09
  Speaker 4: it's about understanding the possibilities. So what does that communicate.
• 13:13
  Speaker 4: I don't even know if Peter Brandt himself is convicted
• 13:16
  Speaker 4: about that prediction he made, But what he's wanting people
• 13:19
  Speaker 4: to be aware of is there's a possibility of sixteen
• 13:23
  Speaker 4: hundred dollars etherium once again. And I'm going to show
• 13:25
  Speaker 4: you guys what it is. It's this channel that we're
• 13:27
  Speaker 4: in right now, this yellow box, even though we want
• 13:30
  Speaker 4: a little higher than it. In March, effectively, we've had
• 13:32
  Speaker 4: two good rejections here around thirty nine hundred dollars. We've
• 13:36
  Speaker 4: had several levels of support down here at twenty eight
• 13:38
  Speaker 4: hundred dollars. Well, the technical analysis he's using is that traditionally,
• 13:43
  Speaker 4: when you set a channel like this and you get
• 13:45
  Speaker 4: a bariess breakout, and we're on the linear chart for this.
• 13:48
  Speaker 4: So if anyone's doing TA at home, they're wondering how
• 13:50
  Speaker 4: I'm getting these levels. It's linear chart. We're looking at
• 13:53
  Speaker 4: a breakout prediction. I have sixteen ninety two. I don't
• 13:55
  Speaker 4: know if he said sixteen fifty or sixty done.
• 13:57
  Speaker 2: Well, I was sixteen ninety.
• 13:58
  Speaker 4: But effectively, this is what he's looking at this. This
• 14:01
  Speaker 4: is his possibility of saying, guys, because we broke Baristley
• 14:06
  Speaker 4: out of this formation, we could come to the downside.
• 14:09
  Speaker 4: But I think it's good for everyone to know that.
• 14:11
  Speaker 4: I was telling Paul before we were going to record
• 14:14
  Speaker 4: this video, this same formation. There's a post he put
• 14:17
  Speaker 4: out sometime back in July. I don't remember the exact date,
• 14:20
  Speaker 4: but he actually did the exact opposite and he said, hey, guys,
• 14:23
  Speaker 4: here's a formation that could break to the upside, and
• 14:26
  Speaker 4: he gave a fifty one hundred dollars prediction to the
• 14:29
  Speaker 4: upside for Ethereum. So ultimately, this news headline is put
• 14:34
  Speaker 4: out there to spread fud. I don't think it's Peter
• 14:36
  Speaker 4: Brandt saying, hey guys, flash just to everyone so everyone's scared.
• 14:40
  Speaker 4: I think someone who wants to sell, you know, clicks
• 14:43
  Speaker 4: and sell views, said, oh my gosh, Peter Brandt, expert trader,
• 14:46
  Speaker 4: makes a chart saying sixteen hundred, let's print that. And
• 14:49
  Speaker 4: in reality, Peter Brandt's not making a prediction. He said, hey, guys,
• 14:52
  Speaker 4: be aware that there's a possibility we could move back
• 14:55
  Speaker 4: to sixteen hundred.
• 14:57
  Speaker 1: Right now, you've got a couple of tokens that you
• 14:59
  Speaker 1: just advent and it's always fun to kind of check these.
• 15:03
  Speaker 1: But this is on Cardano Polka dog gramatic. All right,
• 15:07
  Speaker 1: So many people looking at these, yes, claiming those chains
• 15:10
  Speaker 1: are dead, that project's not there, blah blah blah.
• 15:14
  Speaker 2: Why are you.
• 15:15
  Speaker 1: Jumping into these? Because I think these are somewhat bullish
• 15:18
  Speaker 1: right now? In your position?
• 15:19
  Speaker 2: What is?
• 15:20
  Speaker 1: Give me just a quick narrative on what that video was.
• 15:23
  Speaker 4: Yeah, So first of all, I don't think it's a
• 15:25
  Speaker 4: secret even if you like these coins or hold them.
• 15:28
  Speaker 4: Everyone has heard the expression dead coins. They've heard dinosaur coins.
• 15:32
  Speaker 4: They've heard what's the other expression that's used for these coins.
• 15:36
  Speaker 4: It's the I remember the express it it's pretty much
• 15:40
  Speaker 4: on them old. I don't remember the expression, but pretty
• 15:42
  Speaker 4: much saying that they've been around the block before. You
• 15:45
  Speaker 4: should only be investing in new assets. You should not
• 15:47
  Speaker 4: be investing in anything that had a big bull market
• 15:50
  Speaker 4: back in twenty twenty one, in which case I'd ask people,
• 15:52
  Speaker 4: what about the bull.
• 15:53
  Speaker 3: Run of Solana and ethereum?
• 15:54
  Speaker 2: Yeah?
• 15:55
  Speaker 4: That I think are people extremely bullish on I mean
• 15:58
  Speaker 4: since these highs.
• 15:59
  Speaker 3: Let's start off with Carnal.
• 16:00
  Speaker 4: Since the high that we had back here in March,
• 16:03
  Speaker 4: the price of Cardono as fall NFL in this week
• 16:06
  Speaker 4: sixty five.
• 16:07
  Speaker 3: Percent to the downside.
• 16:09
  Speaker 4: Let me make a point though, other coins, newer coins
• 16:11
  Speaker 4: that people absolutely love. Let's take a look at like
• 16:13
  Speaker 4: Ondo for example. The chart doesn't look as bearish, but
• 16:16
  Speaker 4: how far back is Ondo pulled? Oh would you look
• 16:19
  Speaker 4: at that? It actually pulled back sixty five percent. If
• 16:21
  Speaker 4: you were to take a look at other big coins,
• 16:23
  Speaker 4: I mean even Kaspa, if you come back, it's had
• 16:26
  Speaker 4: a more bullish pullback here. Maurice are bullish rally here recently.
• 16:29
  Speaker 4: But let's go back to the fall from February. We
• 16:31
  Speaker 4: had a nice little, you know, forty six percent pullback there.
• 16:34
  Speaker 4: We had a nice and show it's not as aggressive,
• 16:37
  Speaker 4: but we have a nice forty seventy percent pull back here.
• 16:40
  Speaker 4: Even newer coins have these larger pullbacks. So just because
• 16:44
  Speaker 4: Cardono and then Polka Dot and then Maddick are having
• 16:47
  Speaker 4: these major pullbacks and prices are lower than they've actually
• 16:50
  Speaker 4: been in a very long time, sometimes some of them
• 16:52
  Speaker 4: even rivaling some bear market lows from years ago. My
• 16:57
  Speaker 4: overarching point is that you still want to chase fundamentals.
• 17:01
  Speaker 4: And my overarching point from a technical analysis standpoint, take
• 17:04
  Speaker 4: a look at the formations that we are in right now.
• 17:06
  Speaker 4: These are what we call falling wedge patterns and historically
• 17:10
  Speaker 4: are extremely bullish. All three of them I'm flipping through
• 17:13
  Speaker 4: are almost in identical looking patterns that usually more often
• 17:17
  Speaker 4: not similar to like what happened with Mattock here back
• 17:20
  Speaker 4: in October of twenty twenty three, these break to the upside.
• 17:23
  Speaker 4: But even more so the opportunity Paul, Yes, price is down. Yes,
• 17:28
  Speaker 4: most Cardinal holders are probably sitting in a loss or
• 17:33
  Speaker 4: very little profit. Same for Dot, same for Matic. But
• 17:37
  Speaker 4: the opportunity on these low low prices is amazing. And
• 17:41
  Speaker 4: you want to talk about dead all coins, well, just
• 17:43
  Speaker 4: because a coin is drastically down from all time high.
• 17:46
  Speaker 4: Let's take a look at the history of Cardono just
• 17:48
  Speaker 4: for a second. And this is the point I'm making
• 17:49
  Speaker 4: my video. If you had been back here in December
• 17:53
  Speaker 4: of twenty nineteen, you probably also would have thought that
• 17:55
  Speaker 4: Cardono was dead. Take a look at how similar these
• 17:58
  Speaker 4: price movements of bear markets look when it came back down,
• 18:01
  Speaker 4: and of course it crashed lower for COVID. But even
• 18:03
  Speaker 4: if COVID hadn't happened, look at the explosion in Cardinal's
• 18:07
  Speaker 4: price action. It was the hottest twenty twenty one coin.
• 18:10
  Speaker 4: And while I'm not predicting a repeat of that, I'm
• 18:12
  Speaker 4: not predicting Cardinal's gonna as seventy x or anything like that.
• 18:16
  Speaker 3: I think it hits new all time highs.
• 18:17
  Speaker 4: And I think that this is an opportunity for anyone
• 18:20
  Speaker 4: who doesn't think emotionally but looks for opportunity to get
• 18:24
  Speaker 4: involved in a coin. All three of these are drastically low.
• 18:27
  Speaker 4: They're showing bullish formations, they have bullish fundamentals. I think
• 18:31
  Speaker 4: that the rewards way outweigh the risks. That's why I
• 18:34
  Speaker 4: think these are smart investments at the moment.
• 18:36
  Speaker 1: Yeah, all right, so a couple of points they want
• 18:39
  Speaker 1: to hit on. This is just looking at pure market volume,
• 18:43
  Speaker 1: and I wanted your opinion is Avalanche because this is
• 18:46
  Speaker 1: one that has been a slow token to move here recently,
• 18:50
  Speaker 1: but when you look at its history back in twenty
• 18:52
  Speaker 1: twenty one, again volume and price matching up, but now
• 18:56
  Speaker 1: volumes starting to climb. We saw a little bit of
• 18:59
  Speaker 1: sideways action here, but at least the trend is still
• 19:02
  Speaker 1: climbing high. Are we maybe in a position with Avalanche
• 19:07
  Speaker 1: as an opportunity. When you look at your chart, do
• 19:09
  Speaker 1: you see it in a similar way that you look
• 19:12
  Speaker 1: at Polkadad and Cardana.
• 19:17
  Speaker 4: Absolutely so, the same thing falling wedge pattern here with Avax.
• 19:21
  Speaker 4: Avax of course a real ruld asset token. So fundamentally
• 19:24
  Speaker 4: I'm very big on this one. Look at it, though,
• 19:27
  Speaker 4: I mean, despite all that volume and everything else price wise,
• 19:30
  Speaker 4: look at how far it fell from these more recent highs.
• 19:32
  Speaker 4: It actually fell seventy two percent. Now that's just what happens.
• 19:36
  Speaker 4: And the point I want to make here is you
• 19:38
  Speaker 4: compared Solana. You took a look at Salona right beforehand.
• 19:41
  Speaker 4: I'm not gonna poop on Solana. I think Solana's doing
• 19:43
  Speaker 4: amazing jobs. Solana's purpose is so everyday person can build
• 19:48
  Speaker 4: in Web three and it's gonna be something that has
• 19:50
  Speaker 4: heavy use case. I don't think you're gonna see Avax, Cardono,
• 19:53
  Speaker 4: Maddic pokedon. They're not going to pass the use case
• 19:56
  Speaker 4: of Slana. I don't think they're gonna pass the market
• 19:58
  Speaker 4: cap Solana. I have as my number three coin throughout
• 20:00
  Speaker 4: the rest of the bull market, and nothing's going to
• 20:02
  Speaker 4: change that in my personal opinion. But there's still opportunities
• 20:06
  Speaker 4: over here. And when it comes to AVAX again from
• 20:08
  Speaker 4: a chart perspective, we came back what a little bit lower,
• 20:10
  Speaker 4: but I highlighted here a couple of weeks ago this
• 20:13
  Speaker 4: major level. Historically, look at how many times this zone
• 20:17
  Speaker 4: between twenty three dollars and twenty one dollars is used
• 20:22
  Speaker 4: as support, resistance, resistance, resistance, resistance, resistance and once again
• 20:27
  Speaker 4: support and support once again. So this is an historically
• 20:31
  Speaker 4: great level to if you are in a bull market
• 20:34
  Speaker 4: to buy on it. If you're in a bear market,
• 20:36
  Speaker 4: you know, if you're going below it and you come
• 20:37
  Speaker 4: back up to it, maybe look for a little take
• 20:39
  Speaker 4: profit like you had back in here. But it's a
• 20:41
  Speaker 4: significant level for AVAX once again, great opportunity. The fundamentals
• 20:45
  Speaker 4: of this are amazing. I personally, again, I think it's
• 20:49
  Speaker 4: too soon for people to compare all coins to Solana.
• 20:52
  Speaker 4: Solana's in a world of its own. All coin season
• 20:56
  Speaker 4: does not start until later this year. Is this is
• 20:58
  Speaker 4: a great coin with a lot of people wanting to
• 21:01
  Speaker 4: invest in it, but it's not all season, so it's
• 21:04
  Speaker 4: not going to have any type of crazy run until
• 21:07
  Speaker 4: the alt coins are ready to be unleashed. Because Bitcoin's
• 21:09
  Speaker 4: super high, people are taking profit moving it over. But
• 21:12
  Speaker 4: Avax is going to have an extra special advantage in
• 21:14
  Speaker 4: the fact that because of its real world asset play,
• 21:17
  Speaker 4: institutions are going to want to make a massive move
• 21:20
  Speaker 4: here on AVAX. So in the short term, what I'm
• 21:23
  Speaker 4: looking at the charts falling wedge pattern. This could give
• 21:26
  Speaker 4: us a breakout backup to a level of resistance we
• 21:28
  Speaker 4: had back.
• 21:28
  Speaker 3: Here in May.
• 21:29
  Speaker 4: Somewhere in the range of thirty eight to forty dollars
• 21:32
  Speaker 4: is what I'm watching. Long term, though this is one
• 21:35
  Speaker 4: easily sets new all time highs. I think that I
• 21:37
  Speaker 4: have a price prission on my channel that says I
• 21:40
  Speaker 4: think we're going to see somewhere between four hundred to
• 21:42
  Speaker 4: six hundred dollars for Avax long term beautiful investment. If
• 21:46
  Speaker 4: if I'm right, if I'm right about how hi the
• 21:48
  Speaker 4: market cap can get, we're talking about somewhere between almost
• 21:52
  Speaker 4: a twenty x to almost a thirty x impossibility.
• 21:55
  Speaker 1: All right, So here's a question for you. Then, if
• 21:57
  Speaker 1: you're holding Avalanche and Cardona to the end of the year.
• 22:02
  Speaker 1: Which one would you hold to the end of the year.
• 22:06
  Speaker 3: To the end of the year.
• 22:07
  Speaker 2: Yeah.
• 22:07
  Speaker 4: See, that's the reason why that's a hard question, Paul,
• 22:10
  Speaker 4: is because again I don't think that really get anything
• 22:13
  Speaker 4: special until next I'll tell you this. Let's be very honest.
• 22:16
  Speaker 4: I think AVAX. I think AVX has the brighter bull
• 22:18
  Speaker 4: market this time. Okay, I still hold cardno, but yeah, yeah.
• 22:23
  Speaker 2: All right.
• 22:23
  Speaker 1: I want to go to our last token today and
• 22:26
  Speaker 1: that is going to be talking about mobile token.
• 22:28
  Speaker 2: This is the Helium Mobile.
• 22:30
  Speaker 1: A couple of points hip won twenty nine pass so
• 22:34
  Speaker 1: all the mobile hotspots now they're enrolled in their carrier offload.
• 22:37
  Speaker 1: This is basically just more technology that's going to enable
• 22:40
  Speaker 1: Helium Mobile to accelerate in terms of user base, which
• 22:45
  Speaker 1: is a big deal in terms of user base. You
• 22:47
  Speaker 1: look at a couple of other points right here. This
• 22:49
  Speaker 1: is just them kind of hitting on it again. The
• 22:52
  Speaker 1: beta is now live. You can enable your hotspot to
• 22:54
  Speaker 1: be part of the Offload beta in the Builder app,
• 22:56
  Speaker 1: So this is available now. Subscribers from several other carriers
• 23:00
  Speaker 1: can connect to and transfer data through the Helium hotspots,
• 23:05
  Speaker 1: which is the mesh network of the idea of what
• 23:07
  Speaker 1: you know Helium Mobile is really all about. So this
• 23:10
  Speaker 1: opens up a really big advancement for Helium and Mobile
• 23:13
  Speaker 1: as a token. When you look at Mobile here recently,
• 23:17
  Speaker 1: we've had some pretty good runs on it. Do you
• 23:19
  Speaker 1: like this token as one to hold in the all
• 23:22
  Speaker 1: coin season or do you feel like this is one
• 23:25
  Speaker 1: that you'd stay away from?
• 23:26
  Speaker 3: So so very volatile, I would assume. Let's just take
• 23:29
  Speaker 3: a look.
• 23:29
  Speaker 4: Even though it looks small, you're looking at about eighty
• 23:32
  Speaker 4: percent of movement right in that very small level. Clearly,
• 23:35
  Speaker 4: it's down from close to its creation. I don't think
• 23:37
  Speaker 4: this is when it first got created, because this is coinbase,
• 23:40
  Speaker 4: but we're not talking about a coin that's like two
• 23:42
  Speaker 4: three years old. It's a brand new token. So what
• 23:46
  Speaker 4: I'm looking at the moment. In fact, let me let
• 23:48
  Speaker 4: me look over here. Let's just take a look at
• 23:49
  Speaker 4: all time price action. All right, So it started out
• 23:52
  Speaker 4: very low. We're not back down to lows that we had,
• 23:55
  Speaker 4: you know, and during the creation way way back in
• 23:58
  Speaker 4: what is that March, sure, April of twenty twenty three,
• 24:03
  Speaker 4: but it is down from these recent highs that we
• 24:06
  Speaker 4: got earlier this year, which again some people look at
• 24:09
  Speaker 4: as saying it's a negative thing. I look at that
• 24:11
  Speaker 4: and say, listen, that means possibility or opportunity is in
• 24:15
  Speaker 4: play right here. There's not gonna be a lot I
• 24:17
  Speaker 4: can do with the daily chart here for a longer timeframe.
• 24:20
  Speaker 4: I am seeing there's a by signal right now that's
• 24:22
  Speaker 4: saying we should be coming back up too point zero zero,
• 24:24
  Speaker 4: two nine four five, but lower time flames. Let's see
• 24:28
  Speaker 4: how they're kind of communicating to us. Looks really good.
• 24:30
  Speaker 4: I like the four hour chart. I know this is
• 24:33
  Speaker 4: not a terrible long for any of your traders.
• 24:35
  Speaker 3: Paul.
• 24:36
  Speaker 4: What I'm seeing here is there major support levels in play.
• 24:39
  Speaker 4: A tape profit for a short was hit perfectly. But
• 24:42
  Speaker 4: on the oscillator side, we're about to get a major
• 24:44
  Speaker 4: buy signal where our osclator was very very low, but
• 24:48
  Speaker 4: the money flow extremely bearish at the moment. But that
• 24:52
  Speaker 4: bright red that is a expression of extra sellers, and
• 24:56
  Speaker 4: when those extra sellers leave, it releases a pressure that
• 24:59
  Speaker 4: off sometimes you see price action skyrocket back up, kind
• 25:03
  Speaker 4: of similar to what we saw back here in August
• 25:05
  Speaker 4: when we came down low, had those sellers in the space,
• 25:08
  Speaker 4: had to drop a little lower, but then boom, big
• 25:10
  Speaker 4: move back up to around point zero zero one.
• 25:13
  Speaker 3: I've had something that could happen again.
• 25:15
  Speaker 4: Here four hour chart looks kind of juicy for a
• 25:18
  Speaker 4: long trade as far as my long term perspective, because
• 25:21
  Speaker 4: I've never looked at that coin and looked at charts before.
• 25:24
  Speaker 4: Just now, I don't know if I have a top
• 25:26
  Speaker 4: of the bullmarket. I've heard great things about it. I've
• 25:29
  Speaker 4: heard that there's a lot of use case for it,
• 25:31
  Speaker 4: that a lot of people love it. That's always a plus.
• 25:34
  Speaker 4: But i'd have to look at tokenomics and understand what
• 25:38
  Speaker 4: the supply rate and inflation rate looks like to get
• 25:41
  Speaker 4: a better understanding of where I could say the price
• 25:43
  Speaker 4: could get to.
• 25:44
  Speaker 1: Well, we're watching it very close, so of course we
• 25:46
  Speaker 1: do a lot of tokens on this one. But if
• 25:48
  Speaker 1: you guys want to check out Tim, which I suggest
• 25:51
  Speaker 1: that you do, go over to his YouTube channel, which
• 25:54
  Speaker 1: is investing Bros with a Z and check it out.
• 25:57
  Speaker 1: And let's pump him up to thirty K and you're
• 26:00
  Speaker 1: almost hitting a thousand videos here your two videos away.
• 26:03
  Speaker 3: I didn't even know that until we just look at
• 26:05
  Speaker 3: that right now. Okay, Well, i'll have that settled this weekend.
• 26:08
  Speaker 1: There you go, man, knock come out anyway. Tim, always
• 26:10
  Speaker 1: good having you on. Thanks so much for stopping in today.
• 26:12
  Speaker 1: We appreciate it absolutely, Paul, thanks for having me.
• 26:15
  Speaker 2: You bet all right.
• 26:16
  Speaker 1: So, you guys, if you're part of our Diamond Circle,
• 26:19
  Speaker 1: then you are a special part and that is of
• 26:21
  Speaker 1: our own private community and it's very cool because we
• 26:25
  Speaker 1: drop additional content over their podcasts all sorts of things,
• 26:28
  Speaker 1: as well as our own private chat group. You guys
• 26:30
  Speaker 1: can join by just clicking the link down below. If
• 26:32
  Speaker 1: you guys want to follow me on X, it's at
• 26:34
  Speaker 1: Paul Baron. I'll catch you next time right here on
• 26:36
  Speaker 1: tech Path