Latest / The Paul Barron Crypto Show / Gensler Resigns Rumors Pumps🚀XRP Technical Analysis w/ Investing Broz

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Gensler Resigns Rumors Pumps🚀XRP Technical Analysis w/ Investing Broz · The Paul Barron Crypto Show

0:05
Speaker 1: My name is Paul BarreR. Welcome back into tech path.
0:07
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Speaker 1: All right, let's get into it today. I want to
0:53
Speaker 1: bring in our trader today. And then of course is
0:55
Speaker 1: mister Tim Wore coming in from investing bros. How's going?
1:00
Speaker 2: I was going, Tim, Hey, how you doing?
1:02
Speaker 1: I'm good. I'm good. Every time I get you on
1:04
Speaker 1: it seems like you're in a bit of a different set.
1:07
Speaker 1: Is this a new.
1:09
Speaker 2: No, this is the new one. This is the new one.
1:12
Speaker 2: Yeah something something baby.
1:15
Speaker 1: Okay, well it looks good. That's all it matter. Hey, listen,
1:18
Speaker 1: we got we got some activity happening right now in
1:20
Speaker 1: the market. XRP long awaited seven year break I love
1:24
Speaker 1: this one, long awaited seven year breakout has finally arrived.
1:28
Speaker 2: And has it only been seven years? A longer?
1:31
Speaker 1: Right for the Hey listen, x ORP hit eighty nine cents.
1:35
Speaker 1: I'm like, what is going on? We could see a
1:37
Speaker 1: one dollar XRP before you know it. And when you
1:40
Speaker 1: look at the current I mean charts, I mean, let's
1:43
Speaker 1: just go over here to coin market cap right now,
1:46
Speaker 1: it's mostly mean coins right here that's dominating the seven
1:49
Speaker 1: day all right, I will you know Peanut of course,
1:52
Speaker 1: but you've got Pepe Bratt doge coin bonk dog with
1:56
Speaker 1: hat with floky in there, and then number seven XRP
2:00
Speaker 1: up sixty percent in the week on the seven day.
2:04
Speaker 1: Right now, now, a lot's happening. You've got this also happening,
2:08
Speaker 1: and that of course is we're starting to see listing
2:11
Speaker 1: pairs coming in with ripples USD their stable coin. Things
2:16
Speaker 1: could be starting to cook for XRP. When you look
2:18
Speaker 1: at the chart right now. First of all, do you
2:21
Speaker 1: feel like this is a sustained run for XRP or
2:25
Speaker 1: is this one of those kind of pullback scenarios that
2:28
Speaker 1: we've seen before.
2:30
Speaker 2: I do. I think this is I think this is
2:32
Speaker 2: a sustained run. And you know, before I show my chart,
2:36
Speaker 2: I put a tweet out earlier today, Paul. You know
2:39
Speaker 2: a lot of people give me flak for this position
2:41
Speaker 2: for both XRP and Cardono. I'd said, hey, guys, I'm
2:45
Speaker 2: not worried about the fact they're boring. I'm not worried
2:46
Speaker 2: about the fact they're going out. It became it was
2:48
Speaker 2: a very popular opinion to be anti XRP anti Cardono.
2:53
Speaker 2: These coins are dead, they're doing nothing, and I told
2:56
Speaker 2: people be patient and wait for all seasons. And I
2:58
Speaker 2: don't even think all seasons here just yet. I think
3:00
Speaker 2: it's very very close. But we're watching we're watching some
3:04
Speaker 2: of these quote unquote dead coins really starting to break
3:07
Speaker 2: out coins. And here's the reason why. On my XRP chart,
3:12
Speaker 2: you know you talked about the seven years. Yeah, this
3:14
Speaker 2: trend could be shown to go back even further, but
3:17
Speaker 2: I'm I'm just gonna stick with Let's just go back
3:19
Speaker 2: to the top of twenty twenty one and the bottom
3:23
Speaker 2: we had back in March of twenty twenty. This has
3:25
Speaker 2: been a very long four year for sure, coming up
3:28
Speaker 2: on a five year trend of a symmetrical triangle pattern
3:31
Speaker 2: on XRP. And you can see when everyone kept saying, oh,
3:34
Speaker 2: XRP is getting boring, Well, why was it getting boring?
3:38
Speaker 2: Because it was getting towards the end of this formation
3:40
Speaker 2: where we have a lot of constriction. But take a
3:43
Speaker 2: look here, I'm on the weekly chart. Take a look
3:45
Speaker 2: at what we have. Now, For the first time in
3:47
Speaker 2: over four years, we have a breakout above this falling
3:50
Speaker 2: level of resistance. The trend has changed from being best
3:55
Speaker 2: case scenario, neutral, realistic scenario. It's been bearish. Now we're
3:59
Speaker 2: breaking out. I think it's gonna be pretty big, Paul,
4:02
Speaker 2: when we break above that level we had back in
4:05
Speaker 2: July June of twenty twenty three, I think it was July.
4:08
Speaker 2: When we get above ninety five cents, We're not that
4:10
Speaker 2: far away. We got up above ninety cents here, not
4:12
Speaker 2: that long ago. But what people need to understand about
4:15
Speaker 2: this formation is just how bullish it could really be.
4:19
Speaker 2: This might be very close end up being very close
4:22
Speaker 2: to predicting almost perfectly the top of the ball market
4:25
Speaker 2: price prediction for XRP. We got a breakout above six
4:28
Speaker 2: dollars here on this target, just off this formation. That
4:32
Speaker 2: doesn't mean we have to stop at six dollars. I
4:34
Speaker 2: myself think this six dollars is an interesting spot for
4:36
Speaker 2: XRP at the top of the ball market. It could
4:38
Speaker 2: go a lot higher though I don't know, but I
4:40
Speaker 2: will say to anyone who said XRP is done, it's dead,
4:43
Speaker 2: it's buried, to look at the chart. It's showing you
4:46
Speaker 2: right now that's not the case. And then you start
4:49
Speaker 2: to look at, well, what is the next target? You
4:51
Speaker 2: mentioned dollar? Well, that's what I love right now too.
4:54
Speaker 2: First of all, we're setting up some strong support around
4:57
Speaker 2: this seventy cent zone. But also that's mark trail on
5:01
Speaker 2: the Luxawgo indicator. Right now we have a take profit
5:04
Speaker 2: and a smart zone that says we could get above
5:06
Speaker 2: a dollar up towards one oh eight, one twelve before
5:09
Speaker 2: we actually hit strong resistance in a pullback, of which
5:13
Speaker 2: I think there will. I mean, you don't get this far,
5:15
Speaker 2: you don't get this good of a rally without at
5:17
Speaker 2: least a small pullback of some kind. If you go
5:20
Speaker 2: to the daily chart, we're pretty over extended. I would
5:23
Speaker 2: say people should keep an eye on. I don't think
5:25
Speaker 2: we have to go to the golden pocket on Fibonacci.
5:27
Speaker 2: But wherever this ends up going, let's say it's right here,
5:29
Speaker 2: you're probably looking at on the point five around sixty
5:31
Speaker 2: seven cents, But I said, seventy cents is a pretty
5:33
Speaker 2: good level. Let's think about a dollar. We get to
5:35
Speaker 2: a dollar, it's going to be a psychological level. I
5:37
Speaker 2: wouldn't be surprised to see us come back down towards
5:40
Speaker 2: seventy seventy one cents here on XRP after that big
5:43
Speaker 2: pull up, But that's a part of a very healthy
5:45
Speaker 2: correction of a bull trend, starting a new high or
5:48
Speaker 2: high and higher low trend for the first time again
5:51
Speaker 2: in four years here for XRP. That's what I'm tracking
5:54
Speaker 2: at the moment.
5:55
Speaker 1: On those charts you mentioned Cardona, which is another one
5:59
Speaker 1: that just or recently. I'm looking at the Cardinal chart
6:02
Speaker 1: right now, and of course it has deflated quite a
6:04
Speaker 1: bit down obviously from it's high right there back in
6:07
Speaker 1: twenty one, which was its run past three dollars do
6:10
Speaker 1: you think Cardona could be on the verge of a
6:13
Speaker 1: at least a trade breakout. I mean, I'm not a
6:15
Speaker 1: big fan of their tech, but I am a big
6:17
Speaker 1: fan of market movers, and that is any token that's
6:21
Speaker 1: gonna start to see some liquidity pour in. What do
6:23
Speaker 1: you think is gonna be the potential there for Cardinal?
6:27
Speaker 2: Yeah, I mean so there's definitely people out there that
6:30
Speaker 2: are gonna have a problem with my bullish potential on Cardinal.
6:33
Speaker 2: I used to I used to think Cardonald realistically had
6:36
Speaker 2: a shot at ten dollars when I thought they would
6:39
Speaker 2: become a top five coin. Again, realistically, in this BULLMARKT Paul,
6:43
Speaker 2: I don't see it getting into the top five. It's
6:46
Speaker 2: sitting at number nine right now, and I think that's
6:49
Speaker 2: probably a good place for it to be, number nine,
6:51
Speaker 2: number ten. I do think there's gonna be including stable coins,
6:55
Speaker 2: probably nine eight to nine coins that are better than
6:58
Speaker 2: Cardonal in terms of market cap. I have it getting
7:01
Speaker 2: depending on when you top out. I have it this
7:04
Speaker 2: time next year being just above four dollars, maybe being
7:07
Speaker 2: like four fifty right so new all time highs for sure.
7:10
Speaker 2: But that really discourages like people that are Cardinal lovers
7:13
Speaker 2: get mad at me and they're like, you know, Tim,
7:15
Speaker 2: you're not bullish enough. You're not taking all this account.
7:17
Speaker 2: And I'm just sitting here saying, listen, I'm that's bullish.
7:19
Speaker 2: To say four dollars and fifty cents on Cardinal, that's bullish.
7:22
Speaker 2: That's a new all time high. That's like a fifteen
7:25
Speaker 2: x or more than where we currently are at the moment.
7:27
Speaker 2: Who's complaining at those returns. What I'm saying is I'm
7:30
Speaker 2: not more bullish on Cardinal than I am on let's say,
7:34
Speaker 2: Sweet Swee is on fire right now. I'm not more
7:37
Speaker 2: bullish than I am on doze coin, which is catching
7:41
Speaker 2: a light right now. I'm not more bullish than Solana
7:43
Speaker 2: or a bitcoinner Etherium. But then there's a couple other coins, Avaxin, Shameelink,
7:47
Speaker 2: the two biggest real world asset plays. This this is
7:51
Speaker 2: gonna be a bull market where real world assets are special.
7:54
Speaker 2: And I think the thing that's kidding Cardinal a break
7:57
Speaker 2: right now, which is great and it's a part of
7:58
Speaker 2: why I think it's still going to have around the future.
8:00
Speaker 2: But there's a combination of those rumors and rumblings that
8:03
Speaker 2: Charles Hoskinson is going to be somehow involved with policymaking
8:07
Speaker 2: as far as crypto is concerned under the Trump administration.
8:10
Speaker 2: But of course, the news that you kind of started
8:12
Speaker 2: the whole show off with Gary Gensler. You know, everyone
8:15
Speaker 2: thinks about XRP immediately when you hear Gary Ginster design.
8:18
Speaker 2: And yes, XRP is going to be the biggest benefactor
8:20
Speaker 2: for that piece of news. But let's not forget that
8:23
Speaker 2: there was a rampage against cryptocurrency as a whole by
8:26
Speaker 2: Gary Ginster and the SEC. Cardona was one of those
8:28
Speaker 2: big coins suppressed by that beer. Yeah, Robin Hood, Robin
8:33
Speaker 2: Hood and but but why did you get delisted on
8:35
Speaker 2: robin Hood? He got delisted because the SEC wrote a
8:38
Speaker 2: letter accusing it of being a security. Well, now that
8:40
Speaker 2: Gary Gensler's gone, all of those projects that we're accused
8:44
Speaker 2: of being a security are gonna be able to finally
8:47
Speaker 2: catch their breath for the first time in a long time.
8:49
Speaker 2: Cardinal's just the one right now, you know, doing very
8:51
Speaker 2: well with it.
8:52
Speaker 1: Yeah, well, I think this is gonna be something we'll
8:55
Speaker 1: probably end up doing a Cardinal video. We probably should
8:58
Speaker 1: have you on for that one. When we do a
8:59
Speaker 1: breakdown on it, because we do. We do like to
9:02
Speaker 1: get into that if anything. You know, the cardown of
9:04
Speaker 1: crowd loves to hate on me, but I.
9:06
Speaker 2: Love they've hating on me too recently. We'll be intermoil together.
9:11
Speaker 2: There you go.
9:12
Speaker 1: Let's talk about gold with Sacks holding another actually up
9:15
Speaker 1: in the ante right now on their holdings for bitcoin
9:17
Speaker 1: seven ear and cent million, which is up seventy one percent,
9:21
Speaker 1: increasing exposure. We're going to see a lot more of
9:24
Speaker 1: this bank starting to move into bitcoin ETFs. The likelihood
9:28
Speaker 1: of this really accelerating. Many people think it's going to
9:31
Speaker 1: happen in Q one, And my question is is do
9:35
Speaker 1: you feel like we are going to see a real
9:37
Speaker 1: parabolic move in Q one or do you think that
9:40
Speaker 1: we still have one coming this year for bitcoin?
9:44
Speaker 2: Good question, you know. So the first question is going
9:47
Speaker 2: to be when does real coin season start? You know,
9:49
Speaker 2: some people think that it's happening right now with Ethereum
9:52
Speaker 2: and Solana not doing much. That's part of my biggest
9:55
Speaker 2: reason to say, hey guys, this isn't even all season.
9:58
Speaker 2: Like these special breakouts for some of these memes, and
10:01
Speaker 2: there's special breakouts for again today XRP and Cardono. You
10:04
Speaker 2: got to give them their flowers. This isn't even all
10:07
Speaker 2: season just yet. All season will happen when the bitcoin
10:10
Speaker 2: dominance starts to fall off a cliff Ethereum will have
10:13
Speaker 2: a pump, so Lana will have a pump. I think, though,
10:17
Speaker 2: I don't know if we're gonna call this a parabolic jump, Paul,
10:20
Speaker 2: but I personally am of the opinion. I think one
10:23
Speaker 2: hundred k is gonna be an interesting conversation that Bitcoin's
10:26
Speaker 2: gonna hit one hundred k and then we start to
10:29
Speaker 2: look at that sell off. What is all season? Also,
10:31
Speaker 2: it's where people take profit on bitcoin and they move
10:34
Speaker 2: that profit into all coins. There's so many factors. I mean,
10:38
Speaker 2: one hundred k is that psychological, very clean six digit number.
10:42
Speaker 2: Timeline wise, we're probably gonna hit it around the time
10:44
Speaker 2: all season really should start sometime, you know, early December.
10:48
Speaker 2: So I think if you were to call another run
10:51
Speaker 2: to one hundred k parabolic, I think we have that.
10:53
Speaker 2: How long does that pullback last? Historically a couple of
10:56
Speaker 2: weeks before bitcoin finds a nice little bottom case. I'm
11:00
Speaker 2: thinking fifteen to twenty percent, So we'll get to one
11:02
Speaker 2: hundred fall back to eighty five or eighty k rebound
11:05
Speaker 2: start to make that run again, and then early quarter one, yeah,
11:08
Speaker 2: it explodes again. And I don't know if this was
11:10
Speaker 2: on the docket because I didn't get all the all
11:13
Speaker 2: the notes about where we're going. But you heard, obviously
11:16
Speaker 2: the rumblings of Donald Trump saying that there would be
11:19
Speaker 2: no capital gains tax or he's wanting to pass policy
11:22
Speaker 2: for no capital gains tax whatsoever on US based crypto
11:27
Speaker 2: that would include bitcoin. And you know, I put a
11:29
Speaker 2: tweet off that one. I was like, listen, we got
11:30
Speaker 2: to get it passed first. But if this is true,
11:34
Speaker 2: the floodgates happening begin to open on how many people
11:37
Speaker 2: are going to move their wealth into crypt I mean,
11:39
Speaker 2: let's you even think about the people holding in gold
11:41
Speaker 2: where you will still pay capital gains tax? How many
11:44
Speaker 2: pay shift right now? Yes, how many people shift just
11:49
Speaker 2: their gold holdings over into like bitcoin and ethereum, knowing
11:52
Speaker 2: they're not going to pay capital gains on it.
11:54
Speaker 1: The likelihood of that happening, I think obviously that has
11:56
Speaker 1: to get through Congress. They make the laws, yes, on
11:58
Speaker 1: what's going to happen with the rs. But you know,
12:01
Speaker 1: to your point, I'm looking at the also cooin season
12:03
Speaker 1: index right now, it's not even touching it. I mean
12:05
Speaker 1: we're just barely even scraping in right now, and again
12:08
Speaker 1: bitcoin dominance continuing to hold. I think when you look
12:12
Speaker 1: at bitcoin as a whole, Let's look at the chart,
12:15
Speaker 1: because I want to see right now, we're hovering around
12:17
Speaker 1: that ninety K mark, and I'm very intrigued about getting
12:20
Speaker 1: past ninety because it seems to be beginning up to
12:23
Speaker 1: ninety you know, I hit the ninety three kind of
12:27
Speaker 1: has been pulling back under into the eighty K range.
12:31
Speaker 1: Do you think this is December? You feel like this
12:32
Speaker 1: is a December one k?
12:35
Speaker 2: Yeah, I think so. I'll take a look here. Let's
12:37
Speaker 2: go look at the chart. I'm a fan of a
12:39
Speaker 2: little bit more of a pullback here the next couple
12:41
Speaker 2: of days, even going to a lower time frame here.
12:44
Speaker 2: I have a zone marked out right now for a
12:47
Speaker 2: pullback back down towards eighty five, maybe a little bit
12:50
Speaker 2: even below eighty five. We're in a little bit of
12:52
Speaker 2: a trend, a falling trend right here, and we're every
12:55
Speaker 2: time we get back up to this red line, this
12:57
Speaker 2: falling red resistance level, we start to have a little
13:00
Speaker 2: bit of a problem. So I'm a fan of us
13:03
Speaker 2: first correcting. It's gonna be close to a nine or
13:05
Speaker 2: ten percent correction from that high we had just a
13:08
Speaker 2: couple of days ago. I think we then burst up
13:10
Speaker 2: to one hundred K. What gets interesting is here on
13:13
Speaker 2: the daily chart. So let's get rid of that line
13:15
Speaker 2: right there. Let's go take a look here at the
13:16
Speaker 2: daily chart. The daily chart is definitely starting to show
13:19
Speaker 2: overbought territory, right so the RSI one hundred percent overbought.
13:22
Speaker 2: We're just living up here. We got as high as
13:24
Speaker 2: eighty three the mac D. That's the highest we've seen
13:27
Speaker 2: the mac D since when back in March of twenty
13:29
Speaker 2: twenty four. What happened back in March, Well, that was
13:31
Speaker 2: the correction at seventy three K that we went. You know,
13:34
Speaker 2: we went down. What I think we didn't get last
13:37
Speaker 2: time on the daily chart on the mac D. That
13:38
Speaker 2: will get maybe with some of these others, or actually
13:40
Speaker 2: we did get it on with the luxago oslator. I
13:43
Speaker 2: want to see some some strong bearish divergences where we
13:46
Speaker 2: had some back in here down low. We don't have
13:50
Speaker 2: an up top. My thought, honestly is we could get
13:54
Speaker 2: this oscillator to dip back down, but then we go
13:56
Speaker 2: up and bounce to one hundred k. So that level
13:58
Speaker 2: is going to be somewhere, you know, right up here
14:02
Speaker 2: that maybe we see a little bit of a divergence
14:05
Speaker 2: in play. So that happens like this, the RSI kind
14:08
Speaker 2: of dips down here a little bit and then bounces
14:10
Speaker 2: up not as high, and we see some bearish divergences
14:14
Speaker 2: on our oscillators here. That would be the sign of Okay,
14:18
Speaker 2: that's a good sign for the end of bitcoin season.
14:21
Speaker 2: Let's start the alt season. Let's get that correction back
14:23
Speaker 2: down again towards eighty five again, or maybe even eighty
14:26
Speaker 2: slightly low or low. That's kind of how I see
14:29
Speaker 2: this playing out. People are gonna say, man, we were
14:31
Speaker 2: over corrected right now, we're overextended. I would say, yeah,
14:34
Speaker 2: are we high on these osclators? Are we overbought one
14:37
Speaker 2: hundred percent? But sometimes the best ways to get these
14:40
Speaker 2: pullback predictions, Like again back in March, look at our osclators.
14:44
Speaker 2: We set up some very strong we lived and overbought
14:47
Speaker 2: territory for a couple of weeks. We had to wait
14:51
Speaker 2: for some bearish divergence to get into play, to actually
14:53
Speaker 2: top out we don't have that right now. We do
14:56
Speaker 2: not have daily bearish divergence. So I think again there's
14:59
Speaker 2: goun be some people looking for a bigger pull back now.
15:01
Speaker 2: I think we pull back to eighty five, jump to
15:03
Speaker 2: one hundred, now we have our bearish divergence, and then
15:07
Speaker 2: we get that all season truly starting again. This could
15:10
Speaker 2: happen at one point. I said by this weekend. That's
15:12
Speaker 2: a little too I think that's gonna be hardy. Two
15:14
Speaker 2: hundred came this weekend. Next week to December is my zone.
15:18
Speaker 2: I think one hundred k and all season could be
15:20
Speaker 2: starting in that period.
15:22
Speaker 1: And I mean that's kind of the point we've been making,
15:25
Speaker 1: is that I didn't feel like we would see it
15:26
Speaker 1: in November. I'm just you know, the tug of war
15:29
Speaker 1: that's happening right now with both capital coming in and
15:32
Speaker 1: also just the narrative, because the narrative is one that
15:34
Speaker 1: is really building around the Trump administration. Part of that
15:38
Speaker 1: is Trump now you know tapping former SEC chair, this
15:42
Speaker 1: is Jay Clayton for US Attorney in the Southern District
15:45
Speaker 1: of New York. That's probably going to change things up
15:47
Speaker 1: quite a bit in terms of the law fair That
15:51
Speaker 1: is pretty much at war with the crypto industry. And
15:55
Speaker 1: I think not only that, you look at the potential
15:57
Speaker 1: for a new SEC head with Chair Gensler stepping down,
16:03
Speaker 1: this is a big factor. This is a this is
16:05
Speaker 1: a critical one because this is something that we talk
16:07
Speaker 1: about in the you know, in the pit for quite
16:09
Speaker 1: a bit. And that is if we get the wrong
16:12
Speaker 1: SEC chair that is pro bitcoin but not pro crypto.
16:17
Speaker 1: In other words, not not that he's not pro crypto,
16:20
Speaker 1: but he or she, but they may just look at
16:22
Speaker 1: bitcoin as all right, this is the way it's gonna be.
16:24
Speaker 1: It's gonna be bitcoin ethan, digital assets are gonna have
16:27
Speaker 1: to take a back seat. That would be a big
16:29
Speaker 1: concern going forward. How do you think that affects the
16:33
Speaker 1: market at all?
16:34
Speaker 2: I mean, that wouldn't That wouldn't be an improvement from
16:37
Speaker 2: Gary Gensler. It's not that Gary Gensler was anti bitcoin
16:40
Speaker 2: or anti etherorym. Of course, it dabbled there for a
16:43
Speaker 2: seconds thing maybe etherem of security. Get he backed off. No,
16:45
Speaker 2: that would be that'd be a repeat. I think you're
16:48
Speaker 2: absolutely right. If if, if the only consideration for the
16:52
Speaker 2: hiring of the new SEC head is going to be bitcoin,
16:56
Speaker 2: that really isn't an upgrade from Gary Ginster. I would
16:59
Speaker 2: like to see someone who is crypto friendly. But here's
17:02
Speaker 2: I think the good news is, and I say this
17:04
Speaker 2: to people unfair about this, I've voted for Donald Trump.
17:07
Speaker 2: I'm glad he won the presidency. I don't think that
17:10
Speaker 2: Donald Trump is a cryptogenius. I don't think he thinks
17:14
Speaker 2: he's a cryptogenius. The good news is he's surrounding himself
17:17
Speaker 2: with people who will make those decisions for him, who
17:20
Speaker 2: know crypto a lot better. But something he's been very
17:22
Speaker 2: big on is the freedoms of crypto holders to be
17:26
Speaker 2: able to exchange your crypto. So I don't see a
17:29
Speaker 2: scenario in which the head of the SEC is anti
17:32
Speaker 2: alt coin whatsoever, because that would go against the stance
17:35
Speaker 2: that Trump ran on. And you can say a lot
17:38
Speaker 2: of things about him, but he doesn't lie about his policies.
17:42
Speaker 2: He might not get him all past, but I mean
17:44
Speaker 2: he will this time because he has both the House
17:46
Speaker 2: and the Senate. He didn't have that back in twenty sixteen.
17:49
Speaker 2: But I don't see a world in which we get
17:53
Speaker 2: an SEC head that's anti crypto. The one that's gonna
17:56
Speaker 2: be interesting, I don't know if anyone's floating her name.
17:58
Speaker 2: But she's obviously been si there critiquing and respectfully, I
18:02
Speaker 2: guess criticizing Gary Gainst this whole time is Ester Purse.
18:05
Speaker 2: She's just been sitting there, you know, one of the chairmen,
18:09
Speaker 2: and well, she's on record an interesting target.
18:13
Speaker 1: Yeah, she's on record though that she doesn't want the job.
18:15
Speaker 2: Now that may be ah, okay, I didn't hear it, but.
18:18
Speaker 1: It may be one of those things where she just
18:20
Speaker 1: hasn't been asked by the right person, you know. So
18:22
Speaker 1: sometimes that changes too, So it's still up in the air.
18:25
Speaker 1: One thing that would help, I think the narrative for
18:28
Speaker 1: Trump and also people on the selection committee around how
18:33
Speaker 1: this will go for the SEC. Is this right here?
18:35
Speaker 1: Eighteen US states right now suing the SEC and all
18:39
Speaker 1: of this is about crypto, So it's the crypto overreach
18:42
Speaker 1: obviously with many of the projects including XRP, Solana, Cardono
18:46
Speaker 1: and others that have been targeted. So I think that
18:49
Speaker 1: you might be onto something there is that we could
18:51
Speaker 1: see a pro crypto versus just a pro bitcoin SEC
18:56
Speaker 1: chair coming forward. Let's talk about Solana, because that's one
19:00
Speaker 1: that everybody's been asking and I say Listen, you're above
19:02
Speaker 1: two hundred bucks. I mean, you're nearing a range in
19:06
Speaker 1: which Solana could reach an all time high. And just
19:08
Speaker 1: to drop of a hat, what are your thoughts on
19:11
Speaker 1: the soul case right now? Is this one for a
19:14
Speaker 1: brand new person to get into or not?
19:17
Speaker 2: Yeah, well, so the category I'd put Solana in right
19:21
Speaker 2: now is obviously you're not gonna put in the same
19:24
Speaker 2: category as Bitcoin, but it's a step above the rest
19:27
Speaker 2: of the crypto space. And so you know how like
19:30
Speaker 2: there's been this thought for a while now it's like
19:32
Speaker 2: Bitcoin and Ethereum and then the rest of the crypto right, Yeah,
19:36
Speaker 2: I think you kind of almost have to say there's
19:38
Speaker 2: Bitcoin and then there's ethereum. In Solana. I'm not saying
19:40
Speaker 2: Salona surpasses or matches Ethereum's market cap, but I think
19:45
Speaker 2: in terms of respectability, I think Solana is working itself
19:48
Speaker 2: into that respectable level where it's like it's Bitcoin, Ethereum, Salona,
19:52
Speaker 2: and then everything else. So when I the reason I'm
19:56
Speaker 2: saying that is that the respect it's gonna come with,
19:59
Speaker 2: there's not gonna be the same gains on Solana that
20:02
Speaker 2: you have other places. I mean, now that we're seeing
20:04
Speaker 2: at two hundred. Is there a chance, like an outside
20:08
Speaker 2: chance of a ten X by the end of this
20:10
Speaker 2: ball market, Yeah, there's a chance we could. We could
20:12
Speaker 2: possibly sniffs close towards two thousand. If everything goes perfectly,
20:16
Speaker 2: we have an extended bull market. But but if you're
20:18
Speaker 2: asking about this time next year, I do not see
20:21
Speaker 2: a ten X on the table for Solana. I really
20:24
Speaker 2: see just over a five to six x getting above
20:26
Speaker 2: a thousand dollars per coin. But it's a mature coin.
20:29
Speaker 2: It can only go so high. The market CAP's already
20:31
Speaker 2: so high. So I would tell newer investors this might
20:35
Speaker 2: be and I'm not saying don't invest in ethereum, but
20:37
Speaker 2: this might be a better ethereum play. Like Ethereum might
20:40
Speaker 2: only four or five X from here, So Solana might
20:44
Speaker 2: be the better choice of our safe cryptos like Bitcoin,
20:47
Speaker 2: Ethereum Solana that are established. They're here, They're gonna rally,
20:51
Speaker 2: but it's not gonna be the same type of special
20:54
Speaker 2: rallies we see with other all coins. I would still
20:56
Speaker 2: say invest in Solana, but understand that it's more of
20:59
Speaker 2: like a hedge for protecting your wealth and having small
21:04
Speaker 2: gains than it is for being aggressive like going after
21:07
Speaker 2: a Pepe or going after chain linker, Avax or Cardono
21:11
Speaker 2: or XRP, which I think is still fifteen twenty x's
21:14
Speaker 2: are on the table. Yeah.
21:16
Speaker 1: Well, I think the key here is to your point
21:18
Speaker 1: is that Solana has kind of graduated itself into one
21:21
Speaker 1: of the pretty much the icons of crypto, and it's
21:25
Speaker 1: being mentioned, you know, in the framework of ETH quite
21:28
Speaker 1: a bit. Rayshawn Adams here from bankless sentiment like this
21:31
Speaker 1: is filling his timeline. Eth is dead. Let me kind
21:34
Speaker 1: of zoom in on that for you. The Ethereum was
21:36
Speaker 1: a mistake all the while the eth economy is building
21:38
Speaker 1: faster than ever. He's a very bull, you know, he's
21:41
Speaker 1: a permable on ETH. I think that's clear with him
21:44
Speaker 1: and his team.
21:46
Speaker 2: But when you look at.
21:47
Speaker 1: Ethereum, we saw it try to reach thirty four hundred.
21:50
Speaker 1: It has been slapped back down another ten percent plus
21:54
Speaker 1: just in the last week. What is your opinion of
21:57
Speaker 1: ETH right now and where and when do you think
22:00
Speaker 1: this thing starts to run?
22:03
Speaker 2: When is hard? When? I would assume soon based off
22:06
Speaker 2: of all season and traditionally goes from Bitcoin season to
22:09
Speaker 2: Ethereum season into all season I actually I am kind
22:12
Speaker 2: of wondering if we're gonna skip the eighth season this time.
22:14
Speaker 2: That being said, that being said, what that doesn't mean
22:17
Speaker 2: the theory doesn't run. I think the eighth season is
22:18
Speaker 2: part of all season. It's just kind of coincides, Paul I.
22:24
Speaker 2: I always chuckle internally when people say a coin is dead. Right, yeah,
22:29
Speaker 2: And here's here's the reason why we just finish talk
22:31
Speaker 2: about Solana. If any coin, if any coin, had a
22:36
Speaker 2: good reason to say it was dead, it was back
22:38
Speaker 2: when Solana, which was so heavily tied to FTX, just
22:42
Speaker 2: crashed and plummeted back down towards eight dollars. It came
22:46
Speaker 2: back to life. It came back to life. What was
22:48
Speaker 2: that saying? It says that any coin, no matter what
22:51
Speaker 2: the news, if they put their head down, they keep developing,
22:54
Speaker 2: they keep doing big things, they get the right relationships.
22:57
Speaker 2: They're not dead yet, and it's not all season. You
22:59
Speaker 2: don't count dead ethereum. You know, I'm not a dev
23:03
Speaker 2: I'm not a guy who studies all the tech and
23:05
Speaker 2: does all that stuff. You probably know way more than
23:06
Speaker 2: I do. But I definitely listen to people that I
23:08
Speaker 2: proceed to be way smarter than me, especially people like
23:11
Speaker 2: Larry Fink, who's managing the highest amount of wealth in
23:14
Speaker 2: the world, where he says that Ethereum hasn't even begun
23:18
Speaker 2: to scratch the surface of what it's capable of doing.
23:20
Speaker 2: He's very bullish on it. I understanding here saying people
23:23
Speaker 2: who say it's dead. I think, similar to what we
23:26
Speaker 2: were talking about with XRPN Cardano is not time yet,
23:28
Speaker 2: but people aren't get quiet very quickly about Ethereum being
23:32
Speaker 2: dead in the next couple of weeks or months. I
23:35
Speaker 2: don't know when exactly, but I chuckle at that it's
23:39
Speaker 2: dead remark well.
23:41
Speaker 1: I think the key here is if if it could
23:43
Speaker 1: just start to show some movement past thirty five hundred,
23:46
Speaker 1: which is going to help, but kind of move its
23:47
Speaker 1: way to it's maybe to its all time high, which
23:49
Speaker 1: is the big factor here. Hey, you put out a
23:52
Speaker 1: tweet Tim was wrong about chain Link, and I'm like,
23:57
Speaker 1: wait a minute. This This surprised me because I was like, dude,
24:00
Speaker 1: Tim is loving chain Link all the time on my show.
24:02
Speaker 1: At least, what's going on here? Am I wrong? Here?
24:05
Speaker 1: Are you selling chain Link? Tim?
24:07
Speaker 2: Is that? What's up? This is funny? Yeah, I'm surprised
24:09
Speaker 2: that tweet actually didn't get more. The YouTube video got
24:12
Speaker 2: a lot of news. It was one of our highest
24:14
Speaker 2: viewed videos recently from live streams. No, so it was
24:19
Speaker 2: it was kind of like a rib at the community.
24:23
Speaker 2: So the day before that video, I did a top
24:27
Speaker 2: five coins that I'm buying right now and then I
24:30
Speaker 2: give a bonus number six and I did not include
24:33
Speaker 2: chain Link on that list. And the reason that I
24:36
Speaker 2: did include chain Lik on the list is I have
24:38
Speaker 2: a very big bag of chain Link. I'm very bullish
24:40
Speaker 2: on chain Link. I didn't need to add to that.
24:43
Speaker 2: Like I'm looking at my portfolio and I'm saying I might,
24:46
Speaker 2: I might my percentage of holding the chain Link might
24:48
Speaker 2: be a little high. Right. So I put up an
24:50
Speaker 2: honest video about the five coins, the six coins I
24:53
Speaker 2: was buying, and Chainley didn't need to be on a list.
24:55
Speaker 2: But the backlash, the response that I got from everybody
24:59
Speaker 2: was did tim up on Shamelink? Why isn't Shaanlink on
25:01
Speaker 2: this list? And so it was it was kind of
25:03
Speaker 2: a joke video type of title where I pretty much
25:07
Speaker 2: said I was wrong to not put into those buying coins.
25:11
Speaker 2: But it definitely got a lot of attention people, I
25:13
Speaker 2: went Parrish. I'll say this, I definitely revised my predictions down.
25:18
Speaker 2: At one point I thought Shandlink had a very realistic
25:20
Speaker 2: shot at being a top five coin. I think as
25:25
Speaker 2: we've got other incloser, it's not over. That's still a potential,
25:28
Speaker 2: but other in closer in the fact that it's slipping
25:30
Speaker 2: down the rankings and there's some others really catching headlines.
25:32
Speaker 2: I still think chain Link with the real world assets
25:35
Speaker 2: gets in the top ten, number nine, number eight area,
25:38
Speaker 2: but it's not gonna be number five, right, That's not
25:40
Speaker 2: where it's gonna be. So with that thought process, I
25:43
Speaker 2: have this line of thinking. If you look at the
25:45
Speaker 2: historical analysis at the top of bull markets, the rankings
25:49
Speaker 2: of coins which you can look at on coin market cap,
25:51
Speaker 2: you see some good consistency about the dominance that that
25:54
Speaker 2: coin will have of the total crypto market. So to
25:57
Speaker 2: be fair, there's gonna be a big difference between the
25:59
Speaker 2: dominant of number five and number nine. And that's what
26:03
Speaker 2: I've done. I think I'm moved chain Link from being
26:05
Speaker 2: number five to being out number nine in my expectation
26:07
Speaker 2: in the bull market that still this time next year
26:09
Speaker 2: gives us in my estimation about a four hundred dollars
26:12
Speaker 2: chain link, very very very bullish. That's downgraded from where
26:15
Speaker 2: I think it could have been above six hundred, pushing
26:18
Speaker 2: towards seven hundred if it was a top five coin.
26:21
Speaker 2: But that's still very bullish if anyone is out there
26:23
Speaker 2: doing the math on it. If you can buy chainleak
26:25
Speaker 2: at thirteen dollars and thirty six cents, like it says
26:27
Speaker 2: right there, and you can expect to sell it when
26:30
Speaker 2: it's four hundred dollars, you're gonna make You're gonna make
26:33
Speaker 2: some good money on it. And that's what I'm expecting
26:34
Speaker 2: at this point. So it was a joke of a tweet,
26:37
Speaker 2: joke of a video. I did revise some numbers from
26:40
Speaker 2: my audience to give them a better expectation, but very
26:43
Speaker 2: bullish on chain links still.
26:44
Speaker 1: I want to go back to the comparison, and I
26:47
Speaker 1: want to stay with Solana for a second and look
26:50
Speaker 1: at the charge when you're on the chart of Solana
26:52
Speaker 1: right now, because I think a lot of people have said, hey,
26:55
Speaker 1: we're struggling around this to twenty range. What is it
26:58
Speaker 1: that you think is going to need to take place
27:01
Speaker 1: from a liquidity standpoint? Because money flow seems to be
27:04
Speaker 1: still healthy on Solana right now, what's your opinion on
27:07
Speaker 1: the chart as to where this could be by end
27:09
Speaker 1: of year.
27:09
Speaker 2: At one point I tried to make those stabs. Those
27:11
Speaker 2: seas are so hard. But I think all season launches,
27:14
Speaker 2: I think you have a month of explosive price action.
27:18
Speaker 2: So I'm gonna show you just a stab of where
27:21
Speaker 2: I think it could be by the end of year.
27:24
Speaker 2: I think new all time highs. I think somewhere getting
27:26
Speaker 2: close towards three hundred is actually very very doable for Solana.
27:31
Speaker 2: But even more so, let me turn this off and again,
27:33
Speaker 2: because timing is borderline impossible. Let's talk about the expectation
27:39
Speaker 2: here and why a thousand dollars should definitely be on
27:41
Speaker 2: people's radars. This breakout that we just had here a
27:45
Speaker 2: week and some change ago of a falling channel, just
27:49
Speaker 2: like Bitcoin attached to a volatile not volatile, excuse me,
27:53
Speaker 2: explosive rally dating back to September twenty twenty three. This
27:57
Speaker 2: right here is a bullflag pattern. This gives a price
28:00
Speaker 2: target up above eleven hundred, up towards fourteen hundred. Now,
28:03
Speaker 2: there's some math I've done on market cap stuff. I
28:06
Speaker 2: think eleven hundred is an interesting space. That's what place,
28:08
Speaker 2: That's why that yellow line is there. Yeah, but this,
28:11
Speaker 2: even just from a chart perspective, we are right on
28:15
Speaker 2: schedule to have a big breakout and still top out again.
28:18
Speaker 2: You know next year this time eleven to fourteen hundred
28:21
Speaker 2: dollars for Solon is what I still have a look
28:24
Speaker 2: on here. This is how this how investors trade this.
28:27
Speaker 2: They look at this movement, they see the consolidation, they say, hey,
28:30
Speaker 2: we're capable of the exact same percentage of a run,
28:33
Speaker 2: just like we've had over the last year. So that's
28:35
Speaker 2: that's what I'm watching there. For Solana, it's I'll go
28:39
Speaker 2: back and I think I said this to you before
28:41
Speaker 2: we were live on the show. I don't think we
28:42
Speaker 2: were live yet on this recording, and I said, you know,
28:46
Speaker 2: right now, a lot of Ultra running and yet the
28:47
Speaker 2: bitcoin dominance is climbing. We'll guess who's to blame for that.
28:50
Speaker 2: There's two coins that really have a major impact on
28:52
Speaker 2: bitcoin dominance. It's gonna be Ethereum, it's gonna be Solana. Yeh.
28:56
Speaker 2: Wait for both of them to pop off when they do,
28:59
Speaker 2: which again is very hell. That's gonna be the biggest
29:01
Speaker 2: impact on why the bitcuin dominance starts to fall. That
29:03
Speaker 2: will release the alt season like Crazy Solana hasn't got
29:08
Speaker 2: that crazy run yet, which means to me, it's more
29:10
Speaker 2: like on a timer that's not its turn. It's about
29:13
Speaker 2: to be Salona's turn. And what it is again three
29:16
Speaker 2: hundred easily maybe by end of year, but very quickly
29:19
Speaker 2: in alt season, and then after that we're turning our
29:21
Speaker 2: eyes up towards one thousand over the next year.
29:23
Speaker 1: All right, So, Tim, I want to jump into h
29:25
Speaker 1: BAR real quick SpaceX. They're going to sense satellite out
29:29
Speaker 1: space and they're going to do it with h BAR
29:31
Speaker 1: going in. It seems like it's just something tied into NASA.
29:35
Speaker 1: A little bit of movement on h BAR. They've been
29:37
Speaker 1: involved in a lot of projects. We've talked about them
29:39
Speaker 1: many times on the show. We've had them on the show.
29:41
Speaker 1: When you look at HADERA, is this a token that
29:44
Speaker 1: you would invest in right now or is this one
29:47
Speaker 1: of those that is more on the back burner for you.
29:50
Speaker 2: I'll tell you I'm not invested in h BAR at
29:52
Speaker 2: the moment, but I have had community members asked me
29:54
Speaker 2: about it recently. Let's take a look. Let's take a
29:58
Speaker 2: look at what's happening here. There's some of this. Honestly,
30:00
Speaker 2: haven't done TIA on this in a couple of weeks,
30:04
Speaker 2: so you're going to kind of watch me just see
30:06
Speaker 2: what's kind of going on with the chart. At the moment,
30:09
Speaker 2: we had recently broken out of a falling wedge pattern,
30:11
Speaker 2: but then we kind of went sideways. So it's nothing
30:14
Speaker 2: necessarily crazy. What I want to keep an eye on.
30:17
Speaker 2: Heret's go back to the daily chart here. How high
30:19
Speaker 2: are we up? Because yeah, that was the election season.
30:22
Speaker 2: How high have we rallied? A lot of coins have
30:24
Speaker 2: rallied at least fifty percent, but there's been some that
30:26
Speaker 2: get closer towards one hundred. That kind of sparked my interest.
30:29
Speaker 2: H bar hit eighty four. You know, it's not the
30:31
Speaker 2: same as like a doge or a cardono or XRP,
30:34
Speaker 2: but that's a pretty good run higher than Again, the
30:38
Speaker 2: most of them did about forty to fifty. So what
30:41
Speaker 2: that tells me with it going about you know, eighty
30:44
Speaker 2: four percent since election, is that you know, what was
30:47
Speaker 2: it boring? Was not a lot happening back in here? Yeah?
30:50
Speaker 2: You know, did we come back down and get very
30:52
Speaker 2: very close to the bear market bottom levels literally only
30:55
Speaker 2: a couple of days ago. Yeah, we were, but something
30:59
Speaker 2: changed and people there's still a market out there that
31:03
Speaker 2: wants to buy it. And that's why since election season,
31:06
Speaker 2: since we found out that we're gonna have a president
31:08
Speaker 2: who's pro crypto, excitement came back to h BAR. So
31:12
Speaker 2: you always have to start with that and say, you
31:14
Speaker 2: know what, not throw out the past, but be aware
31:17
Speaker 2: that the past doesn't tell the full story. The amount
31:20
Speaker 2: of attention that came to it shows there is a
31:23
Speaker 2: demand for HBAR. Still, for the first time since this
31:27
Speaker 2: peak back here in April, we have set a higher
31:29
Speaker 2: high now starting off a bull trend. Does that mean
31:31
Speaker 2: that we're just gonna go up, up, up in a way, No,
31:33
Speaker 2: We're gonna see some corrections come into play here, and
31:35
Speaker 2: I'm gonna assume, yeah, I was gonna assume we were overextended,
31:39
Speaker 2: that we were hitting some take profit levels that we
31:42
Speaker 2: you know, probably if I come out here to the oscillators,
31:43
Speaker 2: we're not hitting any cell signals, but we're getting some
31:45
Speaker 2: reversals and the oscillators are back into levels high levels
31:49
Speaker 2: where we probably are gonna see some form of a rejection.
31:52
Speaker 2: If I were go like to the four hour chart,
31:54
Speaker 2: sure enough, Barish divergence is in play. Cell signals are
31:57
Speaker 2: starting to flash here on h BAR. Probably could expect
32:01
Speaker 2: a pullback, a healthy pullback, back down to five point
32:04
Speaker 2: nine cents. But I see signs of life here for
32:08
Speaker 2: the first time in a long time, and that's not
32:11
Speaker 2: something that should be ignored. We're rejecting on that weekly
32:13
Speaker 2: smart trail. But what I would take keep an eye
32:16
Speaker 2: on is we still have the red resistance cloud in
32:19
Speaker 2: this world back here that we were at back in April.
32:22
Speaker 2: I would say all season, could see a very quick
32:24
Speaker 2: drut up to sixteen cents seventeen cents area, and we
32:28
Speaker 2: see life. Let's let's break this weekly smart trail. Let's
32:31
Speaker 2: get above that, and then we'll talk about, you know,
32:33
Speaker 2: the certainty of it. But I see a lot of
32:35
Speaker 2: positivity on the HPAR front. As far as long term
32:38
Speaker 2: price prediction, I have not done any analysis on HPAR
32:41
Speaker 2: for that. I don't know if I have an ability
32:43
Speaker 2: to tell people I think this is a ten x
32:45
Speaker 2: or twelve X or twenty X. I don't know I
32:48
Speaker 2: think enough to give that number, But I see good signs. Yeah.
32:52
Speaker 1: Anyway, it's good to see you, you guys. Follow of
32:54
Speaker 1: course Tim out there on YouTube right there, and that
32:57
Speaker 1: of course is Investing Bros. He's kicking it over. They're
33:00
Speaker 1: doing a lot. I love it, so make sure and
33:03
Speaker 1: check it out, and make sure and subscribe to Tim's
33:06
Speaker 1: channel right there. And Tim, thanks for coming in today.
33:09
Speaker 1: I appreciate it absolutely. Thanks for having me. You bet
33:12
Speaker 1: all right, you guys, If you're not in the Diamond Circle,
33:14
Speaker 1: make sure and join in right now. It's a great
33:15
Speaker 1: place to get additional content. Follow me on x at
33:18
Speaker 1: Paul Baron. We'll catch you next time right here on
33:20
Speaker 1: tech Path