Latest / The Paul Barron Crypto Show / Microsoft Buying Bitcoin?🚀 Altcoin Technical Analysis w/ @TheTradingParrot 📈

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Microsoft Buying Bitcoin?🚀 Altcoin Technical Analysis w/ @TheTradingParrot 📈 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Barren. Welcome back in a tech path.
• 0:08
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  Speaker 1: hundred bucks in a funding reward. All right, So joining
• 0:45
  Speaker 1: us today is of course Mariana coming over from Trading Parrot.
• 0:49
  Speaker 1: If you haven't visited his YouTube channel, go over and
• 0:52
  Speaker 1: check it out. It's right here Trading Parrot. He does
• 0:56
  Speaker 1: a great job on a lot of his videos, so
• 0:58
  Speaker 1: I like it. I'm described and I watch his videos
• 1:01
  Speaker 1: all the time. So's he comes in on our show
• 1:04
  Speaker 1: every once in a while. So hey, Mariana, how are you.
• 1:07
  Speaker 2: I'm very good. Thanks for having me pul Yeah.
• 1:09
  Speaker 1: It's going to be a good one today. So let's
• 1:11
  Speaker 1: break down bitcoin. A few things going on right now.
• 1:15
  Speaker 1: Some of the things everybody's kind of looking at is one,
• 1:18
  Speaker 1: of course, is Microsoft the potential of maybe a purchase
• 1:22
  Speaker 1: by them, And of course this is a pretty big deal.
• 1:25
  Speaker 1: So this is a voting item for the December tenth
• 1:28
  Speaker 1: shareholder meeting. It could come in on that. Let me
• 1:31
  Speaker 1: kind of zoom in on that right there, and that's
• 1:34
  Speaker 1: the assessment of investing in bitcoin. This would be a
• 1:37
  Speaker 1: pretty big deal for Microsoft if you think about their
• 1:40
  Speaker 1: market cap, where they are currently, how much cash they
• 1:44
  Speaker 1: have on hand, and where they're going to put it,
• 1:46
  Speaker 1: because right now all cash is doing is just inflating.
• 1:50
  Speaker 1: So the opportunity for them is pretty significant. If you
• 1:53
  Speaker 1: look at the poly market list right now, it's about
• 1:55
  Speaker 1: a ten to eleven percent chance of Microsoft sharehold voting
• 2:00
  Speaker 1: for a bitcoin investment. I don't know if this is
• 2:03
  Speaker 1: going to happen, but what I do know is the charts,
• 2:07
  Speaker 1: and that is what we're going to take a look today.
• 2:08
  Speaker 1: I want to look at bitcoin right now in the
• 2:11
  Speaker 1: charts yourself, what do you like right now? Do you
• 2:13
  Speaker 1: feel like we are finally back on a bullish trend.
• 2:17
  Speaker 2: We have the best chance at the moment to do
• 2:21
  Speaker 2: that breakout. Where are we be at the moment? September
• 2:24
  Speaker 2: has been green, October has been green, So we are
• 2:27
  Speaker 2: ready to take the big picture and say every time
• 2:31
  Speaker 2: that that we get a continuation in November. I think
• 2:35
  Speaker 2: November is a very decisive month we get into November
• 2:40
  Speaker 2: if after on October we have green. November is the
• 2:44
  Speaker 2: month that not just decides what happens with December, but
• 2:49
  Speaker 2: actually when you get a green November, you kind of
• 2:52
  Speaker 2: carry over up until March pretty much. So November is
• 2:57
  Speaker 2: the decisive moment for the continueuation of what we achieve
• 3:02
  Speaker 2: up until or so far, if we focus on the
• 3:06
  Speaker 2: performance of bitcoin in this green area which represents each October.
• 3:11
  Speaker 2: But I also have flagged in here every four years
• 3:15
  Speaker 2: the equivalent year, and only in twenty and twelve October
• 3:19
  Speaker 2: was negative. But if you get that October negative, then
• 3:22
  Speaker 2: you get positive in November, which is good. And I
• 3:25
  Speaker 2: think we are on track with the seasonality of October.
• 3:29
  Speaker 2: So again, let's see what happens in November as well.
• 3:33
  Speaker 2: So far we are ready for the picture, even in
• 3:36
  Speaker 2: the monthly we have seen already a breakout, and you
• 3:39
  Speaker 2: can see all over the place in YouTube, crypto, Twitter,
• 3:43
  Speaker 2: everybody claiming that we have already broken out, and even
• 3:49
  Speaker 2: socials are telling us that we are in a similar
• 3:52
  Speaker 2: place where we were in twenty twenty. But let's first
• 3:57
  Speaker 2: look into the short term. We had these two cemi gaps.
• 4:00
  Speaker 2: We have one form this week on Wednesday at sixty
• 4:04
  Speaker 2: six point eight, which seems to be currently attracting the
• 4:08
  Speaker 2: price to close the gap. Hopefully we can get that
• 4:10
  Speaker 2: one out of the way on the four hour. For
• 4:13
  Speaker 2: those that are interested in the short term what could
• 4:17
  Speaker 2: come next, We can see that we are rolling over.
• 4:20
  Speaker 2: This price section that I'm seeing in here all the
• 4:23
  Speaker 2: way on the four hour is very similar to what
• 4:27
  Speaker 2: we saw in twenty twenty one. In here, bit contends
• 4:31
  Speaker 2: to do this rolling over where it's still doing higher highs,
• 4:36
  Speaker 2: but it starts trapping more and more longs and that
• 4:39
  Speaker 2: is a typical distribution area. Thanks God that this is
• 4:44
  Speaker 2: just on the four hours, so it could have a
• 4:47
  Speaker 2: less impact. And one of the reasons is that spot
• 4:51
  Speaker 2: since sixty six k we can see that there's been
• 4:55
  Speaker 2: only selling compared to futures, which they are doing what
• 4:58
  Speaker 2: they usually do, which is speculate with the price and
• 5:01
  Speaker 2: every swing of the price, what is actually promising at
• 5:05
  Speaker 2: the moment. And this is one of the charts that
• 5:08
  Speaker 2: I have featured before. When you invite me, Paul, is
• 5:12
  Speaker 2: this open interest chart. This open interest asks is acting
• 5:18
  Speaker 2: as a living indicator sometimes And we can see that
• 5:22
  Speaker 2: the range of the open interest in the past eight
• 5:24
  Speaker 2: months has been between twenty one billion and fifteen billion,
• 5:29
  Speaker 2: and right now we have broken out on the top
• 5:32
  Speaker 2: end in here above twenty one billion, and we are
• 5:35
  Speaker 2: currently holding it. And that is promising, but just from
• 5:38
  Speaker 2: the futures and not from the spot, and that we
• 5:42
  Speaker 2: need retail to enter and start buying on spot. Every
• 5:45
  Speaker 2: single breakout that is healthy, sustainable and that continues to
• 5:50
  Speaker 2: the upside needs to be a combination of both, not
• 5:54
  Speaker 2: just futures. The things that are also good is that
• 5:58
  Speaker 2: the wells, the big well are continued to accumulate. This
• 6:02
  Speaker 2: is something seasonal. They do this at this time in
• 6:06
  Speaker 2: the cycle, and they have done a great job accumulating
• 6:10
  Speaker 2: at the moment at a ratio of zero four. That
• 6:12
  Speaker 2: means that withdrawals are massively outpacing the deposits. From the
• 6:20
  Speaker 2: end the thing that has slowed down a little bit
• 6:24
  Speaker 2: is the long term holders. And this is a little
• 6:26
  Speaker 2: bit concerning because all the accumulation from long term holders
• 6:31
  Speaker 2: that they managed to do from July up until mid September,
• 6:36
  Speaker 2: it has retraced slightly a bit more than I would like.
• 6:41
  Speaker 2: But for the picture, everything looks perfect. From the technical
• 6:45
  Speaker 2: point of view, this is a textbook preparation for a breakout.
• 6:49
  Speaker 2: We draw this line. We drew these lines in July
• 6:53
  Speaker 2: based on the past performance on all these megaphones in here.
• 6:57
  Speaker 2: I think we feature these megaphones long time ago in July,
• 7:02
  Speaker 2: and we were expecting to see something like this, and
• 7:05
  Speaker 2: we should be happy that we are almost ninety percent
• 7:08
  Speaker 2: completed on that. But we need to acknowledge as well,
• 7:12
  Speaker 2: what are the missing bits that could make the hole.
• 7:16
  Speaker 2: Put the cherry on top of the cake if you want.
• 7:19
  Speaker 2: And on the weekly that is reflected on their side,
• 7:22
  Speaker 2: the stockstic sign. All those indicators are pointing towards something
• 7:26
  Speaker 2: really positive. We even have the liquidity on the upside
• 7:29
  Speaker 2: at the moment on the short term. On the longer term,
• 7:33
  Speaker 2: there is a huge, massive wall of liquidity pulls. The
• 7:37
  Speaker 2: market maker must be going crazily happy thinking at some
• 7:42
  Speaker 2: point even the exchanges must be thinking, we are going
• 7:45
  Speaker 2: to hit this wall and we're going to take that jewish.
• 7:48
  Speaker 2: But when it's the right time, A.
• 7:49
  Speaker 1: Lot of you know, right now, we're still looking at
• 7:51
  Speaker 1: potential institutional drivers that really kind of control the price
• 7:56
  Speaker 1: of bitcoin retails A little slow coming in. The key here, course,
• 8:00
  Speaker 1: is we have an elections coming here in the US
• 8:03
  Speaker 1: that may create the volatility that you're talking about, which
• 8:05
  Speaker 1: could be positive or negative. We'll see how it plays out.
• 8:08
  Speaker 1: I want to jump over to eth and all coins
• 8:11
  Speaker 1: in general. If going of course is touching a trend line.
• 8:14
  Speaker 1: This thing's existed since twenty fifteen. If you look at that,
• 8:18
  Speaker 1: let me pop that up in size right there, you
• 8:20
  Speaker 1: can kind of see that all coin season. But right
• 8:22
  Speaker 1: here is potentially if we don't break through, we could
• 8:26
  Speaker 1: see an all coin season starting to come in, you know,
• 8:29
  Speaker 1: maybe early next year or the last month of this year.
• 8:33
  Speaker 1: Does that line up with what you're seeing with ethereum
• 8:35
  Speaker 1: right now?
• 8:37
  Speaker 2: Luckily for us, we are seeing at the moment breakout
• 8:40
  Speaker 2: on ethidium on the weekly that we saw already by
• 8:44
  Speaker 2: the end of September, and there is a continuation, so
• 8:47
  Speaker 2: they are higher highs and higher lows on the weekly timeframe.
• 8:51
  Speaker 2: Here on the side we took in the previous episode
• 8:54
  Speaker 2: about this potential target of ten thousand dollars, if we
• 8:59
  Speaker 2: were to risk expect the oscillation nature of etherium on
• 9:04
  Speaker 2: each of the cycles we talk about as well, holding
• 9:08
  Speaker 2: this level of support in here that is represented by
• 9:12
  Speaker 2: two point two k. Going below that two point two k,
• 9:16
  Speaker 2: we are entering in bare territory four etherium. But at
• 9:21
  Speaker 2: the moment everything is on schedule to go towards the
• 9:26
  Speaker 2: green target. I want to show you a few things
• 9:29
  Speaker 2: about etherium as well. So every cycle etherium hits the
• 9:34
  Speaker 2: fifty fiboni. So from twenty seventeen we hit in the
• 9:39
  Speaker 2: next cycle the same fifty percent replacement in here, and
• 9:44
  Speaker 2: on the cycle of twenty twenty one, if we extend
• 9:46
  Speaker 2: the fibonachi from top to bottom once again, is giving
• 9:50
  Speaker 2: us roughly the sixty three level in their zero point
• 9:54
  Speaker 2: zero sixty three. This is etherium against bitcoin. That is
• 9:58
  Speaker 2: kind of the target, And unfortunately this target depends on
• 10:02
  Speaker 2: how high Bitcoin goes. Of course, bitcoin goes to one
• 10:06
  Speaker 2: hundred thousand, we can very quickly speculate that that will
• 10:10
  Speaker 2: put etherium at six thousand dollars. If it goes further
• 10:14
  Speaker 2: be well we get the higher etheredium as well.
• 10:19
  Speaker 1: So there's definitely some big opportunities here with THEEUM. It's
• 10:23
  Speaker 1: just going to be a little bit slower going, I
• 10:24
  Speaker 1: think for eth on this, Mariano, I want to jump
• 10:28
  Speaker 1: into uniewap. If you look at uniswap right now, they
• 10:32
  Speaker 1: have of course integrated now with inside the app where
• 10:35
  Speaker 1: you basically it's like native bridging. This is one of
• 10:38
  Speaker 1: the the disadvantages of unicewap in the past that has
• 10:42
  Speaker 1: been solved, and now uniewap has integrated this, we could
• 10:46
  Speaker 1: see some movement here and uniswap also could start to
• 10:50
  Speaker 1: see kind of this uni chain concept to really grow.
• 10:54
  Speaker 1: What does the chart show you right now if I
• 10:56
  Speaker 1: was doing it, let's say a short term trade for
• 10:58
  Speaker 1: unie swap.
• 10:59
  Speaker 2: Sure Unia we had a breakout around early September. Since
• 11:04
  Speaker 2: then it's just been respecting the support on the weekly timeframe,
• 11:09
  Speaker 2: and at the moment we are seeing some heavy resistance
• 11:14
  Speaker 2: at eight dollars. It's been three weeks that we are
• 11:17
  Speaker 2: battling with that level in there. We could consider that
• 11:21
  Speaker 2: the breakout has been retested and confirmed and that's the
• 11:26
  Speaker 2: good thing. But we really need to get over very
• 11:29
  Speaker 2: soon with these eight dollars, otherwise we're going to roll
• 11:32
  Speaker 2: over and start looking into seven dollars, which is the
• 11:36
  Speaker 2: next area of support. We clearly can see that it
• 11:39
  Speaker 2: has held the price in the past, and hopefully that's
• 11:43
  Speaker 2: not the case. And if we break about that eight dollars,
• 11:46
  Speaker 2: the next area of resistance is nine point three dollars.
• 11:49
  Speaker 2: But I want to show you something that is very interesting.
• 11:53
  Speaker 2: If we look at hyper capital data, I'm gonna show
• 11:56
  Speaker 2: you in here. These are the levels of liquidation and
• 12:00
  Speaker 2: this means that there is loads of shorts at the
• 12:04
  Speaker 2: moment at risk. Many people are shorting UNISWAP. We can
• 12:09
  Speaker 2: see those levels where are they placing their stop losses.
• 12:13
  Speaker 2: Those are stop losses and liquidations of accounts from people
• 12:17
  Speaker 2: shorting UNISWAP. They got away with doing that in early October.
• 12:22
  Speaker 2: They push the price down around twelve percent, and they
• 12:27
  Speaker 2: think that they can do it once again. That is
• 12:30
  Speaker 2: all the shorting that is taking the place, not allowing
• 12:33
  Speaker 2: the price to go beyond eight dollars, and I think
• 12:36
  Speaker 2: this is going to blow in their faces. So I
• 12:39
  Speaker 2: think it's just a matter of time. That the opportunity
• 12:44
  Speaker 2: is seen by the market maker and they place those
• 12:48
  Speaker 2: orders to buy uniswap and they get these people there.
• 12:51
  Speaker 2: Potentially they are just waiting to trap more shorts in
• 12:54
  Speaker 2: there and then squeeze them out about the eight dollars.
• 12:58
  Speaker 2: There is an opportunity for that, and I hope that's
• 13:01
  Speaker 2: the case because I'm also a UNI swapholder.
• 13:05
  Speaker 1: Everybody is bailing out of Polygon. What is going on
• 13:08
  Speaker 1: with Polygon right now? If you look at some of
• 13:10
  Speaker 1: the things, Polygon hits, its price hits a two year low.
• 13:13
  Speaker 1: A lot of people concerned about this when you think
• 13:16
  Speaker 1: about this value down sixteen percent really in the past month,
• 13:19
  Speaker 1: forty five percent since the beginning of the year. This
• 13:22
  Speaker 1: is a continued Is this a death march for Polygon?
• 13:27
  Speaker 1: What are your considerations right now with Polygon as a token?
• 13:31
  Speaker 1: Would you be in it or not?
• 13:33
  Speaker 2: So I'm currently not holding a Polygon. I used to
• 13:37
  Speaker 2: be quite bullish in the previous cycle of Polygon, and
• 13:41
  Speaker 2: I noticed that they change the actual t care from Matic.
• 13:46
  Speaker 2: I think it's still in the US and binus Us
• 13:50
  Speaker 2: is called Maatic and in some exchanges and on Matic,
• 13:53
  Speaker 2: we had a breakout on the nineteenth of August, and
• 13:56
  Speaker 2: that was a big green candle that faced resistance at
• 14:00
  Speaker 2: roughly zero fifty one. That was support before and since
• 14:05
  Speaker 2: then we continue below this trend line. So what happened
• 14:09
  Speaker 2: is that the ad side broke out. Typically the riside
• 14:12
  Speaker 2: precedes the price, but we didn't have a follow up
• 14:16
  Speaker 2: on the price to hit seventy five cents, and that
• 14:20
  Speaker 2: is a problem, and that is a sign of weakness.
• 14:23
  Speaker 2: And at the moment we have a new resistance forming
• 14:26
  Speaker 2: in here. And I wouldn't even touch matic until this
• 14:32
  Speaker 2: gets a bob that trend line on the other side,
• 14:35
  Speaker 2: because this could continue below the trend line doing anything
• 14:39
  Speaker 2: to the downside and just become a free falling knife.
• 14:43
  Speaker 2: But opportunity in terms of OVERSLD is huge. But I
• 14:48
  Speaker 2: don't I ignore the fundamentals of why we are losing
• 14:53
  Speaker 2: even the previous support of June twenty twenty two, that's
• 14:57
  Speaker 2: bear market and we came straight into that. We try
• 15:00
  Speaker 2: to hold it, but as of this week we are
• 15:04
  Speaker 2: kind of losing it. I mean, if we were too
• 15:05
  Speaker 2: close on Sunday like this, this is a big gloss
• 15:10
  Speaker 2: from the point of view of the technicals.
• 15:12
  Speaker 1: Vanak of course has enabled staking for Solana. This course
• 15:17
  Speaker 1: is probably causing some of the activity that we've seen
• 15:20
  Speaker 1: on Solana over the last two weeks, which has been
• 15:22
  Speaker 1: very very active upwards. When you look at the Salona
• 15:27
  Speaker 1: chart right now, Mariano, is this one that you would
• 15:30
  Speaker 1: would you enter on a Salana trade right now or
• 15:33
  Speaker 1: just kind of sit there and wait for Solana's next move,
• 15:36
  Speaker 1: because it did have a nice little regression yesterday and today,
• 15:40
  Speaker 1: I should say down to one sixty six.
• 15:41
  Speaker 2: Let me show you what's going on at the moment.
• 15:44
  Speaker 2: It's a little bit behind what we saw before on
• 15:47
  Speaker 2: Ethidium already did a bunch of additional moves in here
• 15:51
  Speaker 2: in the breakout, but Solana is looking very healthy in here.
• 15:55
  Speaker 2: It broke out in late September. We have higher highs,
• 15:59
  Speaker 2: higher lows in terms of support. In resistance, we are
• 16:03
  Speaker 2: still within the bull flag. I was hoping that we
• 16:05
  Speaker 2: see a breakout above one hundred and seventy six, because
• 16:08
  Speaker 2: that is currently holding the price there for a potential continuation.
• 16:14
  Speaker 2: If we want to do a very digent target, we
• 16:17
  Speaker 2: can grab the poll of this and pointed to work
• 16:21
  Speaker 2: over one thousand dollars. And I'm a holder of Solana,
• 16:25
  Speaker 2: but I hold a lot more ethieum. Unfortunately, in this
• 16:29
  Speaker 2: cycle you cannot win everything. But I think if Solana
• 16:34
  Speaker 2: can break above this bull flag at one hundred and
• 16:36
  Speaker 2: seventy four, it's going to be pretty easy to get
• 16:40
  Speaker 2: over the two hundred dollars. What I'm worrying more about
• 16:43
  Speaker 2: Solana is the short term healthiness of where we are
• 16:48
  Speaker 2: right now. And I think I covered Solana yesterday in
• 16:51
  Speaker 2: part of what I say is already playing out. We
• 16:53
  Speaker 2: can see the long liquidations are at a peak. How
• 16:58
  Speaker 2: high are we We're almost a billion in liquidations that
• 17:02
  Speaker 2: are accumulated. All depends as well on the healthiness of
• 17:07
  Speaker 2: the bitcoin move that we are seeing now. Of course,
• 17:09
  Speaker 2: if we go to the low sixties on Bitcoin, then
• 17:12
  Speaker 2: consider that we could potentially hit a lower liquidation on
• 17:17
  Speaker 2: Solana as well.
• 17:19
  Speaker 1: But if you were trading Solana versus eight, let's assume
• 17:23
  Speaker 1: that you had a big bag of Solana. Let's just say,
• 17:27
  Speaker 1: you know, five thousand bag of Solana a five thousand
• 17:29
  Speaker 1: bag of Eath, would you consider consolidating both those bags
• 17:33
  Speaker 1: into Solona right now? For the upside of what Solana
• 17:38
  Speaker 1: might do in this run.
• 17:40
  Speaker 2: Here's the thing. I think there is a season for athidium,
• 17:43
  Speaker 2: and that hasn't happened yet. There is a narrative for
• 17:48
  Speaker 2: using Solana. There are all the meme transactions and all
• 17:51
  Speaker 2: the people speculating in that arena, and Solana makes it
• 17:55
  Speaker 2: extremely easy to do all of that. All this plane
• 17:58
  Speaker 2: and goofing around while doesn't do anything, it seems to
• 18:02
  Speaker 2: be the fun of the year. But once that thing
• 18:05
  Speaker 2: is gone and people start realizing that etherium is back
• 18:08
  Speaker 2: the season for ethidium. I don't want to be the
• 18:11
  Speaker 2: person that says, oh, I sold my eight at the
• 18:16
  Speaker 2: very bottom, so I will keep it.
• 18:19
  Speaker 1: In other words, okay, so you're going to keep both bags.
• 18:22
  Speaker 1: I like your your faith in Ethereum. There, Mariano, Let's
• 18:27
  Speaker 1: go into Suite real quick because there has been an
• 18:29
  Speaker 1: adjustment off of its high. The price signals now though
• 18:33
  Speaker 1: people are still looking at this that hey, now we've
• 18:36
  Speaker 1: got USDC in Suite. There's a lot of liquidity now
• 18:39
  Speaker 1: potentially coming into the platform. This could be an opportunity
• 18:43
  Speaker 1: for Suite. But if you look at the chart on
• 18:45
  Speaker 1: Suite right now and I see a nice little retlacement
• 18:50
  Speaker 1: now on Sweet what about you? I mean because that
• 18:53
  Speaker 1: high was in at what two thirty four and now
• 18:56
  Speaker 1: we've pulled back down here to a buck eighty on Sweet.
• 18:59
  Speaker 1: What would your chart show, Would this be a good
• 19:02
  Speaker 1: entry point if you were looking at right and Sue
• 19:04
  Speaker 1: on this on this next bor run.
• 19:11
  Speaker 2: If I remember right in the previous video, I stayed
• 19:14
  Speaker 2: openly that I was on a short on Sue, and
• 19:19
  Speaker 2: I was feeling quite stressed because the price carry on
• 19:24
  Speaker 2: beyond the level of resistance. I think I entered somewhere
• 19:27
  Speaker 2: around two point one, and now I'm in the money,
• 19:31
  Speaker 2: So I'm happy that that is playing out. But mainly
• 19:35
  Speaker 2: the reason for me to take that short was when
• 19:39
  Speaker 2: we look when we were looking at the other side
• 19:42
  Speaker 2: of both Solana and Sue. Solana is somewhere in here.
• 19:46
  Speaker 2: It's starting to starting to play out the breakout, and
• 19:50
  Speaker 2: it's got big upside because just of the nature nature
• 19:54
  Speaker 2: of the oscillations, we are in that moment where we
• 19:57
  Speaker 2: should be expecting big upside for Solana. And whereas Sui
• 20:02
  Speaker 2: had already a run at the top of the Rasai,
• 20:06
  Speaker 2: what we are seeing here is the actual weekly asi,
• 20:09
  Speaker 2: and we say we are right here, there's still potential
• 20:12
  Speaker 2: for a little bit more upside. We cannot just go
• 20:15
  Speaker 2: into Asai one hundred. I mean, it has happened in
• 20:20
  Speaker 2: the past, but it's rare that you get something like that.
• 20:23
  Speaker 2: So I entered the short with the expectation of hitting
• 20:26
  Speaker 2: the support at the moment. Sue weekly ORASI is testing
• 20:31
  Speaker 2: the support at sixty and this is a critical moment
• 20:34
  Speaker 2: for suey. I'm gonna explain why I think that is
• 20:37
  Speaker 2: because if we hold that level of weekly support on Sue,
• 20:43
  Speaker 2: we could see a breakout. We could exit this range
• 20:48
  Speaker 2: in here, and if we hold that, there could be
• 20:52
  Speaker 2: a huge upside for Sue. Sue is roughly around the
• 20:56
  Speaker 2: two hundred million market cup, where Solana is a beast
• 20:59
  Speaker 2: of two billion, So if Suie was able to do that, great.
• 21:04
  Speaker 2: So I wouldn't necessarily tell you, oh, sell your Suie,
• 21:07
  Speaker 2: because if you see that upsite, you're going to just
• 21:09
  Speaker 2: miss the train and hate me for life.
• 21:12
  Speaker 1: They are now pointing that XRP could rally a little bit,
• 21:15
  Speaker 1: and there's a handful of moves that are kind of
• 21:18
  Speaker 1: pointing at XRP. Obviously, the big brick scenario that plays
• 21:22
  Speaker 1: into this the global you know, idea of using XRP
• 21:27
  Speaker 1: as a new opportunity to replace Swift, which is now
• 21:30
  Speaker 1: starting to look as though it's painting out. What about
• 21:33
  Speaker 1: the chart for XRP. Is there anything that is showing
• 21:38
  Speaker 1: right now for you? Because it's what is it? It's
• 21:40
  Speaker 1: around forty seven percent with price file utility of about
• 21:43
  Speaker 1: five point eight percent just over the last two weeks
• 21:47
  Speaker 1: on XRP.
• 21:48
  Speaker 2: For the short term, I wouldn't say that we are
• 21:51
  Speaker 2: necessarily in a great area for entering. I will wait
• 21:55
  Speaker 2: a little bit longer for finding a better opportunity. If
• 21:58
  Speaker 2: you were sitting on your head and you were considering
• 22:01
  Speaker 2: just entering here for the short term, no, maybe for
• 22:04
  Speaker 2: the long term if you are believing in the long
• 22:08
  Speaker 2: term value and the fundamentals of XRP. Absolutely, we can
• 22:13
  Speaker 2: see that we had a breakout on July and since
• 22:16
  Speaker 2: then nothing has happened. The riside just went sideways, and
• 22:20
  Speaker 2: we are even putting laws on the RSIG in here.
• 22:23
  Speaker 2: We just broke below the median that was holding us
• 22:26
  Speaker 2: up until this morning. Now we are below the median
• 22:29
  Speaker 2: and heading back to test once again support. So it's
• 22:33
  Speaker 2: pretty boring action for nothing really going in here. We
• 22:36
  Speaker 2: are losing that level of fifty three positively heading into
• 22:40
  Speaker 2: forty eight and just continuing with this drag of up
• 22:44
  Speaker 2: and down on XRP. Hopefully those fundamentals are going to
• 22:48
  Speaker 2: save the day. But also the amount of lungs in here.
• 22:52
  Speaker 2: We are at the top end of lungs and they're
• 22:54
  Speaker 2: just getting hammer at the moment, there was too much
• 22:57
  Speaker 2: excitement there and there's a little bit of profit taking
• 23:01
  Speaker 2: and people being liquidated. The opportunity that I'm seeing for
• 23:07
  Speaker 2: the short term of XRP is these short liquidations that
• 23:11
  Speaker 2: are right above the price. These people that are wanting
• 23:15
  Speaker 2: to short XRP are getting very exposed from fifty three
• 23:19
  Speaker 2: all the way to fifty six, and those liquidations are
• 23:23
  Speaker 2: evident here in the chart. And eventually when the price
• 23:27
  Speaker 2: reaches a level of interest, potentially that forty eight, we're
• 23:31
  Speaker 2: going to see a flip of the ask into bit liquidity.
• 23:36
  Speaker 2: When we see that green in there and the liquidations
• 23:39
  Speaker 2: are still there, that could be a great entry for
• 23:42
  Speaker 2: us in trade. But that is still not the case.
• 23:45
  Speaker 2: If we enter now, we are entering against all that
• 23:48
  Speaker 2: bait liquidity, which is again not a great opportunity with
• 23:52
  Speaker 2: all these longs still there with the position open.
• 23:56
  Speaker 1: Yeah, I think the key here with XRP is there's
• 23:59
  Speaker 1: so many holders that have been in it for so
• 24:01
  Speaker 1: long and mini pieces cases, you know, multi year holders,
• 24:05
  Speaker 1: so that's been kind of the consistency of it and
• 24:07
  Speaker 1: any news it all triggers the community, which is one
• 24:11
  Speaker 1: of the strongest communities out there. Hey, Mariano, it's been
• 24:14
  Speaker 1: great having you. Thank you so much for stopping in today.
• 24:16
  Speaker 1: We appreciate the assistance.
• 24:19
  Speaker 2: Thanks so much for having me you.
• 24:21
  Speaker 1: Bet okay, you guys, if you're not in on the
• 24:23
  Speaker 1: Diamond Circle, make sure and get in right now. It's
• 24:25
  Speaker 1: our own custom group where we do additional content, podcasts,
• 24:29
  Speaker 1: additional research. I do an MSI podcast over there that
• 24:32
  Speaker 1: gives a little bit more breakdown on all of our
• 24:34
  Speaker 1: sentiment tools that we use. Of course, if you guys
• 24:36
  Speaker 1: want to reach me out there on X it's at
• 24:38
  Speaker 1: Paul Baron. We'll catch you next time right here on
• 24:40
  Speaker 1: tech Path