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Crypto Technical Analysis📈 with @TomCrown 👑 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today let's talk a ethereum will also break down into
• 0:08
  Speaker 1: a whole slew of tokens and what is going on
• 0:11
  Speaker 1: around this stable coin bill money is Paul Baron, Welcome
• 0:14
  Speaker 1: back in the tech path. It's going to be a
• 0:16
  Speaker 1: good one. I do want to thank our sponsor today
• 0:17
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• 0:40
  Speaker 1: All right, let's go into it today. We wanted to
• 0:42
  Speaker 1: bring in one of our old but famous traders and
• 0:49
  Speaker 1: that is mister Tom Caron coming in. How are you, Tom?
• 0:52
  Speaker 2: Been good? Paul, good to be here. It's been a while.
• 0:54
  Speaker 1: It has been a long time since we've had you
• 0:57
  Speaker 1: on the show. We got to do this more often,
• 0:59
  Speaker 1: so we thank you for your time today. If you
• 1:01
  Speaker 1: guys want to check out Tom's channel, I'll bring it
• 1:03
  Speaker 1: up in a minute, but make sure and hit Tom
• 1:04
  Speaker 1: crown over on YouTube. You guys can subscribe directly to
• 1:08
  Speaker 1: him and learn a little bit more about what he's doing. Hey, listen,
• 1:11
  Speaker 1: there's a couple of things I wanted to jump into. Obviously,
• 1:14
  Speaker 1: the big issue right now is the Genius Act. We
• 1:18
  Speaker 1: saw the cloture vote come through last night. It did pass. This,
• 1:22
  Speaker 1: of course, is not meaning that the bill has passed.
• 1:24
  Speaker 1: This now goes to the Senate floor. They go through
• 1:26
  Speaker 1: this whole amendment process, which is a song and dance,
• 1:28
  Speaker 1: and then eventually we get a vote. So likelihood is
• 1:32
  Speaker 1: we could have a vote pretty quickly. This could affect
• 1:34
  Speaker 1: a lot of different projects out there. We'll get into
• 1:37
  Speaker 1: that in a second. And if you look at the
• 1:40
  Speaker 1: current dollar supply for Token I stable coins, it's only
• 1:45
  Speaker 1: one point one percent of the US dollar. So tell
• 1:49
  Speaker 1: me that's got to be going straight up when you
• 1:52
  Speaker 1: look at ethereum. Let's lead off with that one, Tom
• 1:55
  Speaker 1: from where it has been. I mean, because we had
• 1:57
  Speaker 1: a nice little run in the last two weeks. What
• 2:00
  Speaker 1: is your outlook on ethereum currently?
• 2:04
  Speaker 2: Ethereum has not been my favorite chart since about late
• 2:09
  Speaker 2: last year. When it touched four thousand, it really struggled.
• 2:13
  Speaker 2: I'd say, for what has it been now four months?
• 2:15
  Speaker 2: Five months, unable to really hold any kind of support levels.
• 2:20
  Speaker 2: We saw selling come in, the price get pushed down,
• 2:23
  Speaker 2: kind of bulls come back, but never able to retake
• 2:26
  Speaker 2: any ground. That did change a little bit here, and
• 2:30
  Speaker 2: I can pull up a chart for you Ethereum right here.
• 2:35
  Speaker 2: Finally in April, we saw that little pop to about
• 2:38
  Speaker 2: seventeen fifty. And what was remarkable or maybe of note
• 2:42
  Speaker 2: to me, is it finally was holding some level. We
• 2:46
  Speaker 2: really saw this consistent down fail rally down, failed, really down,
• 2:51
  Speaker 2: and it finally held onto something here and that is
• 2:54
  Speaker 2: when this chart started to shift. We saw the pump
• 2:57
  Speaker 2: to twenty five hundred, which took us right to our
• 3:00
  Speaker 2: two hundred daily moving average. Now I will call SNYA.
• 3:05
  Speaker 2: I'm not one thousand percent ready to say it's going
• 3:07
  Speaker 2: back to all time highs, but it's condition or really
• 3:11
  Speaker 2: the health of this chart has done a one to
• 3:13
  Speaker 2: eighty versus Q one of this year, so I think
• 3:16
  Speaker 2: Ethereum has a good shot at trading back to the
• 3:18
  Speaker 2: four thousand level within the end of the year, depending
• 3:21
  Speaker 2: on what Popacorn has to say. But it's good to
• 3:25
  Speaker 2: see it trending back up. It's been too long.
• 3:28
  Speaker 3: Well.
• 3:28
  Speaker 1: Eth has been one of those leading tokens out there
• 3:31
  Speaker 1: in terms of an indicator for most of the all
• 3:33
  Speaker 1: coin market. That's usually something that I think everybody looks to.
• 3:37
  Speaker 1: If you look at the supply on exchanges right now,
• 3:39
  Speaker 1: this is dropping as the price is climbing over the
• 3:43
  Speaker 1: past month. It's like, what is that a million? Let
• 3:45
  Speaker 1: me kind of zoom in on that over a million
• 3:48
  Speaker 1: in ether have been withdrawn from sexes out there in
• 3:51
  Speaker 1: terms of what this might look like, and maybe that
• 3:54
  Speaker 1: is people getting ready because obviously we had the recent
• 3:57
  Speaker 1: Pectro upgrade. There's a lot of other things that now
• 4:00
  Speaker 1: would be looming with the stable coin bill possibly on
• 4:04
  Speaker 1: the precipice of getting approved. And if you look at
• 4:08
  Speaker 1: ethan the long term, maybe this is the catalyst that
• 4:10
  Speaker 1: it needs going forward. So hopefully it'll be back on
• 4:13
  Speaker 1: your favorite list soon within it. Let's jump over to Bitcoin.
• 4:19
  Speaker 1: I know this is your favorite list. Bitcoin records its
• 4:22
  Speaker 1: highest weekly close in history.
• 4:25
  Speaker 4: Dude.
• 4:25
  Speaker 2: We made history in history, Yeah.
• 4:29
  Speaker 1: In history. So I want to we get a lot
• 4:31
  Speaker 1: to talk about on bitcoin. But when you look at
• 4:33
  Speaker 1: bitcoin's price currently hovering between that one oh three and
• 4:36
  Speaker 1: one oh five right range. Is this just a sideways
• 4:42
  Speaker 1: season going in to summer or do you feel like
• 4:45
  Speaker 1: we actually might get a bit of a rally going
• 4:47
  Speaker 1: into summer towards the end of May and June.
• 4:52
  Speaker 2: Yeah, well, if you look back at the last two years,
• 4:54
  Speaker 2: it's safe to say we've been in a bull run
• 4:57
  Speaker 2: since twenty twenty three. And if you if you look
• 4:59
  Speaker 2: back at the quarters of the year, so the summer
• 5:02
  Speaker 2: would obviously be Q two and Q three, we've had
• 5:06
  Speaker 2: some unremarkable price s action. I'll pull this up. Unremarkable.
• 5:10
  Speaker 2: We have seen six months of sideways in twenty twenty three,
• 5:14
  Speaker 2: we saw it again in twenty four, and here we
• 5:16
  Speaker 2: are now in twenty five, and it actually looks a
• 5:18
  Speaker 2: little different. And that those words make my skin crawl
• 5:22
  Speaker 2: when I say this time is different. So many bad memories,
• 5:24
  Speaker 2: but we do see a little mix up here. This
• 5:28
  Speaker 2: run has been marked by very strong first quarter price
• 5:31
  Speaker 2: action and very strong fourth quarter price action. Yeah, but
• 5:35
  Speaker 2: that is not what happened, whatever reason or you know
• 5:39
  Speaker 2: why it happened to up in the air. But Q
• 5:42
  Speaker 2: one we actually have moved down and now we're seeing
• 5:44
  Speaker 2: a strong Q two. So almost any other time during
• 5:49
  Speaker 2: the last few years, I would have said we're going
• 5:51
  Speaker 2: to have a boring summer, because that is just seemingly
• 5:54
  Speaker 2: part of bitcoin. But with this mix up in Q
• 5:56
  Speaker 2: one and Q two, especially if we see maybe new
• 5:59
  Speaker 2: alter time highs, which I believe could come realistically could
• 6:03
  Speaker 2: come at any second. You know, we're three percent away.
• 6:06
  Speaker 2: If we see new all time highs and close Q
• 6:08
  Speaker 2: two strong, we might see a mix up. And I
• 6:11
  Speaker 2: don't know really what that would look like. I don't
• 6:13
  Speaker 2: have much to compare it to. So I'm hoping that
• 6:16
  Speaker 2: the summer has a little bit of spice for us
• 6:19
  Speaker 2: and isn't quite the boring six months that we've seen
• 6:21
  Speaker 2: over the last few years.
• 6:23
  Speaker 1: Well, one of the things that well, I think there's
• 6:25
  Speaker 1: two scenarios that play out here that are causing market
• 6:30
  Speaker 1: you know, volatility to a certain extent. Retail traders now
• 6:34
  Speaker 1: buying four billion of US stocks, This of course is
• 6:36
  Speaker 1: going to create some liquidity. This in the first three
• 6:39
  Speaker 1: hours of trading sessions. So again this is the most
• 6:41
  Speaker 1: in history. Another record out there in terms of activity
• 6:46
  Speaker 1: within the market. I want to go to a clip
• 6:48
  Speaker 1: also because this will give us at least what the
• 6:50
  Speaker 1: traditional market is talking about as to whether or not
• 6:54
  Speaker 1: this rally is convincing, because that could lead to some
• 6:57
  Speaker 1: retail traders coming in or or even experienced traders in
• 7:01
  Speaker 1: the stock market saying, hey, maybe I'll try my hand
• 7:04
  Speaker 1: at crypto. Now, take a look at this.
• 7:07
  Speaker 5: Overall, this rebound rally we've seen from those lows in
• 7:10
  Speaker 5: early April, it's definitely impressive. Is it convincing?
• 7:14
  Speaker 3: I would say the short answer is no, because usually
• 7:17
  Speaker 3: when we see these violent relief rallies, they're more often
• 7:21
  Speaker 3: found in fair market cycle. So that's the bad news.
• 7:24
  Speaker 3: But the good news is we are almost back to
• 7:26
  Speaker 3: where we started.
• 7:27
  Speaker 5: So you would be more inclined to look for something
• 7:29
  Speaker 5: to sell up here because you think the overall market
• 7:32
  Speaker 5: is vulnerable to backsliding.
• 7:33
  Speaker 3: We are generally in that kind of sell into strength
• 7:36
  Speaker 3: mode and we're still comfortable holding for long exposure. We
• 7:40
  Speaker 3: like that long exposure right now to lean more defensive.
• 7:44
  Speaker 1: So I guess the question would be, Tom, would you
• 7:46
  Speaker 1: if you look at sell into strength scenarios in traditional markets,
• 7:51
  Speaker 1: you could say that on bitcoin as well, sell into
• 7:54
  Speaker 1: strength that's holding out possibly at all time high very soon.
• 7:57
  Speaker 1: Would you do that right now with bitcoin? Or would
• 8:03
  Speaker 1: you ride this wave and look for a new all
• 8:05
  Speaker 1: time high after we see this next one come in.
• 8:09
  Speaker 2: Well, I'm one hundred percent looking for a higher high
• 8:12
  Speaker 2: in this cycle. I don't believe it's done. I think
• 8:15
  Speaker 2: we have more to go. Sky's the limit. I think
• 8:18
  Speaker 2: here into Q four fingers crossed. I actually have something
• 8:21
  Speaker 2: really related to this that we didn't discuss that I
• 8:24
  Speaker 2: can pull up for you something that went largely under
• 8:28
  Speaker 2: the radar. If you compare bitcoin to the stock market,
• 8:33
  Speaker 2: I used the SPX index here. We actually saw Bitcoin
• 8:38
  Speaker 2: trade to a new all time high versus the SMP,
• 8:43
  Speaker 2: which is very interesting because that really did not happen
• 8:47
  Speaker 2: until the end of last year. This is showing, in
• 8:50
  Speaker 2: my opinion, strength of bitcoin and of course the crypto
• 8:53
  Speaker 2: space against stock. So the question, you know, would I
• 8:57
  Speaker 2: look to take profit? I'm you might lean towards stock
• 9:02
  Speaker 2: profit taking more so than Bitcoin. Yeah, likely they're both
• 9:06
  Speaker 2: gonna run. I think if one runs. But the kind
• 9:10
  Speaker 2: of mismatch of power here bitcoin really flexing, I think
• 9:14
  Speaker 2: that it may not age the best if I look
• 9:18
  Speaker 2: to drop too much of my positions right now.
• 9:21
  Speaker 1: Well, I think you're right. The scenario that's playing out
• 9:23
  Speaker 1: right now is there's so many situations that are I
• 9:28
  Speaker 1: guess at least on the brink of happening. Whether it's
• 9:31
  Speaker 1: the stable coin bill, you look at the tax bill.
• 9:34
  Speaker 1: You also look at just what's happening globally from a
• 9:37
  Speaker 1: macro position. Now, you know, we've seen the European Central
• 9:42
  Speaker 1: Bank they've started to a cut rate. The only thing
• 9:44
  Speaker 1: that's missing is as a rate cut here in the
• 9:46
  Speaker 1: US that would really catalyze I think going forward, even
• 9:50
  Speaker 1: the bitcoin having effect. This is kind of interesting.
• 9:53
  Speaker 2: This is a chart.
• 9:54
  Speaker 1: Let me kind of zoom out and then I'll go
• 9:55
  Speaker 1: to the bigger chart there. But you can kind of
• 9:57
  Speaker 1: see the five OHO one days comparison that we've seen
• 10:01
  Speaker 1: in the past. Not saying that I'm a believer in
• 10:03
  Speaker 1: the cycle, but I do find that there are interesting
• 10:07
  Speaker 1: correlations even now that you look at from the having
• 10:12
  Speaker 1: side of this. So it could big back to your point,
• 10:14
  Speaker 1: which is an all time high. Do you have a
• 10:17
  Speaker 1: price target for bitcoin on this run? On this bull
• 10:20
  Speaker 1: so dangerous?
• 10:23
  Speaker 2: I have got I've gotten slapped by this question, you know,
• 10:26
  Speaker 2: and in hindsight, so many times I was really optimistic
• 10:29
  Speaker 2: in twenty one, Yeah, we didn't really go anywhere. I
• 10:32
  Speaker 2: feel like this run, people's expectations are much lower. I've
• 10:37
  Speaker 2: kind of the opposite of twenty twenty one. I think
• 10:39
  Speaker 2: people are looking lower. You know, in twenty one, people
• 10:41
  Speaker 2: are saying these big numbers one hundred thousands seemed almost guaranteed,
• 10:45
  Speaker 2: and I think maybe a lot of elements went into that.
• 10:48
  Speaker 2: But kind of the lowered expectations I'm hoping means we
• 10:52
  Speaker 2: end up moving, you know, above and beyond them. I
• 10:55
  Speaker 2: would say a safe target one hundred and fifty, one
• 10:59
  Speaker 2: hundred and seventy. I would be disappointed if that's like
• 11:02
  Speaker 2: as high as it goes. But and that's taking it
• 11:06
  Speaker 2: one day at a time.
• 11:08
  Speaker 1: That's pretty significant. Of course. I think one, as I said,
• 11:10
  Speaker 1: one of the big factors playing into this is going
• 11:13
  Speaker 1: to be this tax bill, because I think if we
• 11:15
  Speaker 1: do see that come through, the likelihood of seeing some
• 11:18
  Speaker 1: real possibilities of tax relief in certain income brackets is
• 11:24
  Speaker 1: going to be a big deal. This is going to
• 11:25
  Speaker 1: possibly go to his signature, Trump's signature by July fourth,
• 11:29
  Speaker 1: at least that's the goal for them to take off,
• 11:32
  Speaker 1: and that could get into your point, which means we
• 11:35
  Speaker 1: could have a very active summer if, in fact, we
• 11:38
  Speaker 1: get all these little dominoes starting to fall going forward.
• 11:42
  Speaker 1: I've got one more clip here, because this is getting interesting.
• 11:45
  Speaker 1: When you look at traditional Wall Street types. Kathy Wood
• 11:49
  Speaker 1: is one we watch. Listen to what she had to say.
• 11:52
  Speaker 1: Take a look.
• 11:54
  Speaker 4: In the first Trunk term, he cut the corporate tax
• 11:58
  Speaker 4: rate from thirty five percent. We were uncompetitive. A lot
• 12:02
  Speaker 4: of companies were moving out of the United States thirty
• 12:05
  Speaker 4: five percent to twenty one percent, and of course that
• 12:10
  Speaker 4: faced a lot of criticism. Corporate tax revenues since then
• 12:15
  Speaker 4: have gone from two hundred billion to five hundred billion
• 12:19
  Speaker 4: as more companies relocate back into the US. We're more
• 12:23
  Speaker 4: competitive now. We think real GDP growth is going to
• 12:27
  Speaker 4: accelerate well beyond what people expect now. I do believe
• 12:33
  Speaker 4: the US was at risk of losing innovation. Certainly under
• 12:37
  Speaker 4: the last SEC chairman Gensler, we almost lost the digital
• 12:42
  Speaker 4: assets revolution to other countries. Now it's coming back. I
• 12:46
  Speaker 4: think under this regime, technology in the US will do
• 12:50
  Speaker 4: very well.
• 12:52
  Speaker 1: All right, So she's talking tech, I'm talking blockchain, and
• 12:55
  Speaker 1: that is now we have a revival around US, which
• 12:59
  Speaker 1: is a lot of companies really looking at the United
• 13:01
  Speaker 1: States as maybe the new mecha for crypto, blockchain, and
• 13:07
  Speaker 1: what we'll see in the future of digital assets development.
• 13:10
  Speaker 1: Hey Tom, when you look at Bitcoin's position right now
• 13:13
  Speaker 1: and you think about Michael Sailor and Strategy with micro Strategies,
• 13:18
  Speaker 1: they continue to double down on more acquisition and more
• 13:21
  Speaker 1: acquisition at the rate he's going. There are some analysts
• 13:25
  Speaker 1: that say that micro Strategy could get to a controlling
• 13:29
  Speaker 1: position of as much as twenty percent of bitcoin. Would
• 13:33
  Speaker 1: you be comfortable with that if you had one entity
• 13:37
  Speaker 1: such as Strategy being able to hold that much bitcoin.
• 13:42
  Speaker 2: Only Bitcoin is built on decentralization, and so I don't
• 13:47
  Speaker 2: think i'd prefer that scenario one actor holding that much.
• 13:51
  Speaker 2: Of course, anytime you centralize the supply like that, there's
• 13:55
  Speaker 2: vulnerability issues, there's things to consider that maybe have broader
• 13:59
  Speaker 2: impacts than what might appear upfront. You know, buying twenty
• 14:02
  Speaker 2: percent sounds great. I think what happened. What will happen though,
• 14:06
  Speaker 2: is as time goes on, in price appreciates that twenty
• 14:09
  Speaker 2: percent number is going to get farther away, and there's
• 14:12
  Speaker 2: going to be more competition. As we've already seen even
• 14:15
  Speaker 2: this year with other companies buying. I don't think it
• 14:18
  Speaker 2: will ever actually happen, but I would love for him
• 14:20
  Speaker 2: to continue trying to make it happen.
• 14:23
  Speaker 1: Well, that's yeah, that's going to create a lot of
• 14:25
  Speaker 1: genesis in the market just for growth, you know, So
• 14:27
  Speaker 1: I would agree with you, But getting there is going
• 14:30
  Speaker 1: to be a tough one, of course, Sailor. If you
• 14:31
  Speaker 1: ask him, I think he would be fine with that,
• 14:34
  Speaker 1: you know, with his his answer toward where bitcoins charts
• 14:37
  Speaker 1: are going, Let's talk about all coins for a second.
• 14:40
  Speaker 1: All coin season starting to heat up, but definitely not
• 14:44
  Speaker 1: in the throws of where we could see all coins going.
• 14:48
  Speaker 1: If you were picking a handful of all coins right now,
• 14:51
  Speaker 1: is there any that you would say, all right, Paul,
• 14:53
  Speaker 1: I'm I'm rolling in on maybe one or two that
• 14:56
  Speaker 1: people may not be aware of anything out there on
• 14:58
  Speaker 1: your charts.
• 15:00
  Speaker 2: Yeah, this is this is a hard question. Bitcoin dominance
• 15:03
  Speaker 2: I don't think is done yet for the cycle, but
• 15:06
  Speaker 2: good news, it will be done eventually. I just don't
• 15:09
  Speaker 2: have the answer as to exactly when. So it's really hard.
• 15:13
  Speaker 2: Alts have been under extreme pressure from bitcoin's dominance in
• 15:17
  Speaker 2: the market. You know, we've seen very kind of muted
• 15:22
  Speaker 2: rallies getting sold into pushback down. If I had to
• 15:28
  Speaker 2: pick some, I have some kind of random a sleeper pick.
• 15:31
  Speaker 2: Just hard to ignore. For me, this is an older coin.
• 15:35
  Speaker 2: This is actually Monaro for the ogs out there who
• 15:39
  Speaker 2: have been in the space for a decade or more.
• 15:42
  Speaker 2: This is an old privacy coin and this is about
• 15:44
  Speaker 2: ten years of its chart history. It hasn't gone anywhere
• 15:48
  Speaker 2: in a long time. But for me, maybe the more
• 15:51
  Speaker 2: valuable part of this chart is the lows. The lowest
• 15:55
  Speaker 2: points each cycle have come up over time, and it's
• 15:58
  Speaker 2: shown just incredible stre Binance was actually forced to delist
• 16:03
  Speaker 2: this back in February and we saw a pretty extreme
• 16:06
  Speaker 2: you know, was it February or was it No, this
• 16:08
  Speaker 2: is February, pretty extreme sell off and that even failed
• 16:11
  Speaker 2: to bring it to lower price levels. And it's really
• 16:14
  Speaker 2: just moved up into the right since then. It's making
• 16:17
  Speaker 2: a little reach here. I think it can go back
• 16:19
  Speaker 2: to all time high by the end of the year.
• 16:22
  Speaker 2: This is a privacy coin. I think privacy has value always.
• 16:26
  Speaker 2: We haven't really seen the privacy era come into play,
• 16:29
  Speaker 2: and maybe this chart is pointing towards that era getting closer.
• 16:34
  Speaker 1: Yeah, Well, I think if privacy in general, people were
• 16:37
  Speaker 1: starting to realize the openness of the blockchain, and they're
• 16:40
  Speaker 1: also starting to realize oh yeah, people can if they
• 16:42
  Speaker 1: know your walle address, Yeah, they can track your potential,
• 16:45
  Speaker 1: what you're doing in terms of activities, trades, how much
• 16:47
  Speaker 1: you have in there, etxe. So I think some of
• 16:50
  Speaker 1: that could play into Manaro strength. There's a several of
• 16:53
  Speaker 1: the privacy tokens out there as well. Manaro has been
• 16:55
  Speaker 1: one that's been around for quite some time. Let's talk
• 16:58
  Speaker 1: about Ripple and XRP specifically, now, Ripple and coinbase in
• 17:04
  Speaker 1: a heated race for possibly acquiring Circle and this would
• 17:09
  Speaker 1: be a big deal if this actually happens. We did
• 17:12
  Speaker 1: a full video on this yesterday if you guys want
• 17:13
  Speaker 1: to check it out. But when you look at XRP
• 17:17
  Speaker 1: as a result of this, if let's just assume that
• 17:21
  Speaker 1: Ripple could sell some of their XRP holdings, how would
• 17:25
  Speaker 1: this play out on the XRP chart in your opinion
• 17:29
  Speaker 1: when you look at the chart right now.
• 17:31
  Speaker 2: Yeah, gotta be real with yourself here. If XRP or
• 17:36
  Speaker 2: Ripple as the company wants to purchase billions of dollars
• 17:40
  Speaker 2: worth of a big circle, a big company. They're going
• 17:43
  Speaker 2: to have to sell some other assets, and their assets
• 17:46
  Speaker 2: are going to be what XRP, XLM. That's downward pressure
• 17:50
  Speaker 2: on the chart. For sure. It could be a bullish
• 17:54
  Speaker 2: longer outcome or longer look into the charts, but it's
• 17:58
  Speaker 2: hard to argue that that would make price go up
• 18:01
  Speaker 2: in the short term. In my opinion, I think unless
• 18:03
  Speaker 2: they have billions sitting there in liquid cash right now,
• 18:06
  Speaker 2: they're going to have to sell some assets and it's
• 18:08
  Speaker 2: probably going to result in the chart moving back down.
• 18:12
  Speaker 1: Who do you think wins this if it gets into
• 18:14
  Speaker 1: a bidding more you think Coinbase has more to win
• 18:17
  Speaker 1: here or Ripple more to win.
• 18:21
  Speaker 2: I think it could make more sense for coinbase to
• 18:23
  Speaker 2: acquire Ripple. I think it'd be a valuable asset for anyone. Honestly, Yeah,
• 18:28
  Speaker 2: stable coins are incredibly profitable. You look at Tether, it's
• 18:31
  Speaker 2: probably the most profitable company ever. I think there's a
• 18:35
  Speaker 2: lot of people that would want it. Coinbase. I think
• 18:37
  Speaker 2: it makes more sense. There's probably more synergy there. It
• 18:41
  Speaker 2: was interesting to me that XRP is going after this
• 18:43
  Speaker 2: or Ripple is going after this. I did not expect
• 18:46
  Speaker 2: that in twenty twenty five.
• 18:48
  Speaker 1: Yeah, well, listen, there's some dance partners out there we
• 18:51
  Speaker 1: may not be totally aware of right now because just
• 18:53
  Speaker 1: the deals that are being made that are on the
• 18:56
  Speaker 1: periphery of this administration that are starting to create some
• 18:59
  Speaker 1: interesting bedfellows. So one to watch for sure. Solana is
• 19:04
  Speaker 1: on the move, of course right now, with Accelerate their
• 19:06
  Speaker 1: conference this week. Actually quite a few people. We have
• 19:09
  Speaker 1: Avalanche Holy in a conference this week. Bitcoin is next week,
• 19:13
  Speaker 1: XRP Vegas is out next week. So there's a lot
• 19:16
  Speaker 1: happening when you look at Solana right now and the
• 19:20
  Speaker 1: potential of chapter two, their chapter two NFT and also
• 19:25
  Speaker 1: the Seeker, which is their phone all releasing. What do
• 19:29
  Speaker 1: you think Solana has the capability to do, Let's say
• 19:33
  Speaker 1: by year end.
• 19:36
  Speaker 2: Yeah, by your end, I think Solana could be back
• 19:38
  Speaker 2: at all time highs. The shortest outcome, shortest look. This
• 19:43
  Speaker 2: is pretty much what I'm looking for on Solana. Similar
• 19:45
  Speaker 2: to Ethereum, it was right at its two hundred day
• 19:47
  Speaker 2: moving average. It traded below there since February, definitely putting
• 19:52
  Speaker 2: a strong bottom down under about one hundred dollars. I
• 19:57
  Speaker 2: predicted some selling up here at about one to eighty.
• 19:59
  Speaker 2: That's what's laying out their's strong support at one fifty.
• 20:03
  Speaker 2: I think the most reasonable or logical scenario is moving
• 20:06
  Speaker 2: down towards this one fifty target, then retaking one eighty
• 20:11
  Speaker 2: and making that move back to or towards all time highs.
• 20:16
  Speaker 2: There's a lot of inefficiency on the chart once you
• 20:18
  Speaker 2: get above about one hundred and eighty, and so that
• 20:21
  Speaker 2: move could be quicker once it can break through that level.
• 20:25
  Speaker 1: Well, I like your your position around one fifty because
• 20:28
  Speaker 1: that could give some entry points, you know, for a
• 20:30
  Speaker 1: lot of people who maybe have not ever had exposure
• 20:33
  Speaker 1: to Solana, or maybe for those who are looking at
• 20:35
  Speaker 1: some dollar cost averaging. You know, that's another angle going
• 20:39
  Speaker 1: into that. Let's talk about the big the big boys.
• 20:43
  Speaker 1: When you look at the blue chips in the top
• 20:45
  Speaker 1: ten or fifteen, we'll throw Swie in their Avalanche, in
• 20:50
  Speaker 1: their Cardono Solana of course, and not necessarily xrp ethan bitcoin.
• 20:56
  Speaker 1: But out of those all coins, how many of those
• 21:00
  Speaker 1: would you put in your bag? Would you try to
• 21:02
  Speaker 1: get all of them, exposure to all of them? Or
• 21:04
  Speaker 1: would you say no, I would go with a couple here.
• 21:08
  Speaker 2: You know, I realized that I've been kind of pointing
• 21:11
  Speaker 2: down on most of these charts so far, and that
• 21:14
  Speaker 2: a lot of that has to do with bitcoin dominance
• 21:16
  Speaker 2: not being done. But something I think that's important for
• 21:18
  Speaker 2: your viewers is I believe that the dollar pairs, so
• 21:23
  Speaker 2: you know, Salana down under one hundred, I believe at
• 21:26
  Speaker 2: least until the last leg of this cycle, because I'm
• 21:29
  Speaker 2: still looking for an all time high on bitcoin. I
• 21:31
  Speaker 2: think that those are the lows for the dollar pairs.
• 21:33
  Speaker 2: I think their values and measured against Bitcoin, could still
• 21:37
  Speaker 2: see some further down downward pressure into the end of
• 21:40
  Speaker 2: the year, but I think that the lows are going
• 21:43
  Speaker 2: to be coming up. And that's a lot what I
• 21:45
  Speaker 2: pay attention to. So if you apply that to AVAX
• 21:47
  Speaker 2: eighty a, you know, all the ones who just said,
• 21:50
  Speaker 2: I think that there's some solid entries. Solid entries have
• 21:56
  Speaker 2: been over the last few months, but I think there's
• 21:58
  Speaker 2: probably less risk on the table when it comes to
• 22:02
  Speaker 2: the dollar version. That's what most people are looking at anyway,
• 22:05
  Speaker 2: when it comes to trading in charts at this point,
• 22:07
  Speaker 2: so maybe all of them, you know, I think there's
• 22:10
  Speaker 2: probably some upside potential that is favorable for investors out there.
• 22:16
  Speaker 2: For most of the top ten at this point.
• 22:19
  Speaker 1: Yeah, and these are mostly blue chip and I think
• 22:21
  Speaker 1: that's the thing. When you look at brand new people
• 22:23
  Speaker 1: coming into crypto, typically they're going to play in the
• 22:25
  Speaker 1: top fifteen tokens. Anything outside that, they've really got to
• 22:30
  Speaker 1: understand much more about the project and where the potential
• 22:35
  Speaker 1: could be. So I think it's going to be interesting
• 22:39
  Speaker 1: next few months for sure. Tom. Listen, if you guys
• 22:42
  Speaker 1: want to follow Tom, I shouldn't say if you should
• 22:45
  Speaker 1: go out there and check Tom Crown right there on
• 22:48
  Speaker 1: YouTube it's just Tom Crown. You guys can get to
• 22:50
  Speaker 1: his channel very easy. Yeah. I like the fact that
• 22:54
  Speaker 1: where you get into not only analysis of the projects,
• 22:58
  Speaker 1: but just taking a look at the charts. You know.
• 23:00
  Speaker 1: It's like the day Trading video. I was looking at
• 23:02
  Speaker 1: that one earlier today, and it's interesting because I think
• 23:06
  Speaker 1: a lot of people are still trying to figure out
• 23:08
  Speaker 1: can you do that with cryptos? So you guys should
• 23:10
  Speaker 1: check out Tom. He does a really good job kicking
• 23:14
  Speaker 1: it out there and I love the style. So hey, Tom,
• 23:17
  Speaker 1: it's always good having you on the show. Thank you
• 23:18
  Speaker 1: so much for coming in today. We appreciate it.
• 23:21
  Speaker 2: Thank you, Paul. Great to be here. My friend.
• 23:23
  Speaker 1: All right, we'll see you soon, are you guys? If
• 23:25
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• 23:27
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• 23:30
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• 23:31
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• 23:34
  Speaker 1: if you're not following me on x it's at Paul Baron.
• 23:36
  Speaker 1: I'll catch you next time right here on tech Path