Latest / The Paul Barron Crypto Show / Altcoin Recovery Pump?🚀Technical Analysis with Data Dash

Transcript

Altcoin Recovery Pump?🚀Technical Analysis with Data Dash · The Paul Barron Crypto Show

0:00
Speaker 1: The market is on a move today.
0:01
Speaker 2: We're going to break it down for you, give you
0:03
Speaker 2: a full breakdown on where some of these tokens are going.
0:05
Speaker 2: You don't want to miss it. Let's just jump right in.
0:07
Speaker 2: I want to thank our sponsor and that is Uphold.
0:09
Speaker 2: If you guys are not getting in on this deal,
0:12
Speaker 2: over on Uphold, I want you to go over there
0:14
Speaker 2: right now.
0:15
Speaker 1: Click the link down below. You'll get the card.
0:17
Speaker 2: With the most XRP rewards available up to six percent
0:22
Speaker 2: just by getting this card. And there's two levels of
0:24
Speaker 2: cards that have different quality levels in terms of performance.
0:28
Speaker 1: The key though, is it's giving you.
0:30
Speaker 2: Percentages back on every expenditure you're putting on the card.
0:34
Speaker 2: Check it out use our link down below.
0:37
Speaker 1: No credit checks required. It's a debit card.
0:39
Speaker 2: You can of course get up to ten percent back
0:41
Speaker 2: with a direct deposit. Many of you I know are
0:43
Speaker 2: already doing that. So use that as a catalyst to
0:47
Speaker 2: go ahead and ramp up into the card itself and
0:50
Speaker 2: start earning even more. This is going to be available
0:53
Speaker 2: anywhere Visa is done. Listen, we're going to get into
0:55
Speaker 2: the all coins we're going.
0:56
Speaker 1: To talk about.
0:57
Speaker 2: Is this a recovery that is on the move right
0:59
Speaker 2: now as bitcoin and he hits ninety k here on
1:02
Speaker 2: the day before Thanksgiving. Thank god, Paul Samson is joining us.
1:06
Speaker 2: How are you, Paul do?
1:08
Speaker 3: And well, Paul, pleasure to be back.
1:10
Speaker 2: I think for all the bitcoiners, they were going into
1:13
Speaker 2: Thanksgiving a day thinking I don't know if I want
1:18
Speaker 2: to talk to anybody.
1:19
Speaker 1: Yeah, and then you know, and then.
1:21
Speaker 2: All of a sudden, this week we've come off the
1:23
Speaker 2: floor like Rocky Balboa, from eighty k to ninety k.
1:28
Speaker 2: And at least they'll be able to show their face
1:31
Speaker 2: at Thanksgiving tomorrow.
1:32
Speaker 1: So let's just get into it. What do you think
1:35
Speaker 1: is what.
1:36
Speaker 2: Do you think we're in right now in terms of
1:38
Speaker 2: where bitcoin is heading towards the end of the year.
1:41
Speaker 3: Towards the end of the year, I think we can.
1:43
Speaker 4: I think we really got a nice opportunity to push
1:46
Speaker 4: back up towards one hundred and ten.
1:47
Speaker 2: I think, whoa, Okay, all right, so you're very bullish.
1:51
Speaker 2: You're wearing the bullish hat too.
1:52
Speaker 3: I see that, and the bull that's it, the wave
1:57
Speaker 3: going up. Yeah, I have to get one.
1:59
Speaker 4: I'm gonna have to get one here soon if eying
2:01
Speaker 4: doesn't turn around. But yeah, right, now it's still the
2:03
Speaker 4: bull cap, all right.
2:05
Speaker 2: We've got to look though at the fear and greed
2:07
Speaker 2: s and p five hundred and two percent away from
2:09
Speaker 2: all time highs.
2:09
Speaker 1: But yet fear and greed is.
2:11
Speaker 2: Holding at sixteen, which is extreme fear and greed right now?
2:16
Speaker 1: Why do you think that is, Paul?
2:17
Speaker 2: When you look at the market, I mean, bitcoin just
2:21
Speaker 2: retraced off of eighty k. Now, yeah, granted for us
2:24
Speaker 2: in crypto we look at that and say, hey, it's
2:25
Speaker 2: just you know, an average day here in crypto land,
2:28
Speaker 2: no big deal. But for a lot of investors, maybe
2:31
Speaker 2: brand new, especially those that just bought the dip, they're
2:35
Speaker 2: sitting on ten thousand dollars in profit. Should they sell
2:39
Speaker 2: or should they ride this out?
2:41
Speaker 4: So we get to jump over to the charts here,
2:43
Speaker 4: and I think that the simple answer for why everybody's
2:47
Speaker 4: in extreme fear, and that even goes into the stock
2:49
Speaker 4: market as well. The stock market's actually in like the
2:51
Speaker 4: most fear I've ever seen that any of us have
2:53
Speaker 4: ever seen, as far as if you're going off of
2:55
Speaker 4: the metric right and they're at all time highs just
2:57
Speaker 4: about again. But I think it's because of the four
2:59
Speaker 4: year cycle, right, that everybody thinks that the high at
3:02
Speaker 4: one twenty six is in.
3:03
Speaker 3: It was right on time. There was a guy on Reddit.
3:05
Speaker 4: Calling it was going to be to that exact day,
3:07
Speaker 4: all these things, and we've seen nothing but a pretty
3:09
Speaker 4: big decline at this point. Looking at it now, it's
3:11
Speaker 4: a pretty clear down trend and we're gonna have to
3:13
Speaker 4: recover some ground before you can really get bullish again.
3:16
Speaker 4: But yeah, for the time being, I think that, like
3:18
Speaker 4: you just said, anybody that bought the dip here we
3:20
Speaker 4: covered actually on the last time I was on that
3:22
Speaker 4: eighty two to five hundred, how important that level was
3:25
Speaker 4: going to be. We came right into it, held it
3:28
Speaker 4: so far a nice bounce off. You see, I have
3:30
Speaker 4: this ninety one thousand dollars. It just made a video
3:32
Speaker 4: today on why I had this as our Turkey target.
3:35
Speaker 4: And it's a little bit more short term again, something
3:38
Speaker 4: that at least allows everybody to go into Thanksgiving holding
3:41
Speaker 4: their head high again to some detry, and this is
3:44
Speaker 4: just a very simple thing that I look for each
3:46
Speaker 4: and every week, which is a range from the prior
3:49
Speaker 4: week here, and when you start off the new week
3:52
Speaker 4: outside of that or at the low end, you are
3:54
Speaker 4: likely to rotate it back to either way. So if
3:56
Speaker 4: we started the high, we'd look for a run to
3:58
Speaker 4: the low. If we started the low, we look for
3:59
Speaker 4: a run to the high. And statistically, a lot of
4:03
Speaker 4: the times this occurs on Wednesdays and Thursdays, and it
4:06
Speaker 4: always usually aligns with you know, an FOMC meeting or
4:08
Speaker 4: a PPI data release or all those things.
4:10
Speaker 3: Those big bursts usually occur at the same time.
4:13
Speaker 4: So it's just funny, like we're just trading here this morning,
4:15
Speaker 4: and this is a weekly level. This is a high
4:17
Speaker 4: volume target at ninety one K, very likely to be
4:20
Speaker 4: met this week, and that's where we're heading at right now.
4:22
Speaker 4: So flipping that would be ideal for the short term
4:25
Speaker 4: to see anymore upside.
4:27
Speaker 3: But in the terms of.
4:28
Speaker 4: You know, like we just mentioned why everybody's in extreme
4:31
Speaker 4: fear even at these levels here, I think it does
4:33
Speaker 4: come down to just everybody being extremely cautious, which I
4:36
Speaker 4: think it's notable that they're fearful that the four year
4:39
Speaker 4: cycles here, the bear markets here for the next year,
4:41
Speaker 4: and we're just going to see these little rallies that
4:43
Speaker 4: are just going to get rolled right over. So I
4:45
Speaker 4: think that's where the fear truly comes from. And then
4:47
Speaker 4: for the stock market too, we're seeing everybody is anticipating
4:51
Speaker 4: this big AI bubble pop and great depression, and I
4:54
Speaker 4: think that any pullback is just seeming like it's the
4:56
Speaker 4: beginning of that, and I feel like that's where the
4:57
Speaker 4: fear also drives there as well.
5:00
Speaker 2: A lot of that came off of Michael Burry's statement
5:02
Speaker 2: to the market of where he kind of pulled back
5:04
Speaker 2: away from the AI bubble, and of course we saw
5:06
Speaker 2: in video stock kind of tank a little bit. But
5:10
Speaker 2: at the same time, we're also dealing with bitcoin, which
5:13
Speaker 2: is looking at dominance dropping. I'm looking at between sixty
5:17
Speaker 2: percent right there on November fifth.
5:20
Speaker 1: Here we are on November.
5:21
Speaker 2: Twenty sixth, and we have dropped down, even though it
5:23
Speaker 2: did bounce at fifty eight point seven percent. Does that
5:27
Speaker 2: play into an all coin season that could be brewing?
5:31
Speaker 2: Are we going to even have an all coin season?
5:33
Speaker 2: Because of course, you know Ethereum just now cracking three
5:36
Speaker 2: k again.
5:37
Speaker 1: What do you think?
5:39
Speaker 4: Yeah, So a little reminder for anybody For me, I
5:42
Speaker 4: actually note that, or I guess note. A big theory
5:45
Speaker 4: of mine is that twenty twenty six is actually going
5:47
Speaker 4: to be a sizable year here for pretty much everything
5:50
Speaker 4: going off of the higher time frame twenty year cycles
5:52
Speaker 4: in the housing market that I think that crypto is
5:54
Speaker 4: actually putting in the first twenty year cycle here as
5:57
Speaker 4: we're finishing up here into the years of twenty twenty
5:59
Speaker 4: six to twenty twenty nine, really towards twenty twenty seven.
6:02
Speaker 4: But anyways, to add on to that, Yeah, I'm looking
6:05
Speaker 4: at bitcoin here in a major, major multi year I'm
6:08
Speaker 4: on a daily time frame.
6:09
Speaker 3: Let's just even go to the weekly here.
6:11
Speaker 4: This dates back all the way to twenty twenty seventeen actually,
6:15
Speaker 4: so twenty seventeen's bull run or twenty twenty.
6:17
Speaker 3: One bull run. Everybody's aware that when you see this,
6:19
Speaker 3: this is an inverse chart.
6:20
Speaker 4: Generally we go down, all coins go up, we go up,
6:22
Speaker 4: all coins go down, and we've come back into this
6:26
Speaker 4: sizable range region with a back test of the high,
6:29
Speaker 4: which is exactly what you want to see and opposite
6:32
Speaker 4: of what we just looked at on that shorter time
6:34
Speaker 4: frame range I pointed out with bitcoin why it's heading
6:36
Speaker 4: higher right now and dominance is getting the opposite of that.
6:39
Speaker 3: We come back into this region, we've back tested the high.
6:41
Speaker 4: You're looking for a move back to the lower ends here,
6:45
Speaker 4: back to these higher or these recent highs back here,
6:47
Speaker 4: which is a local gold I say local, this is
6:49
Speaker 4: a huge time frame, but a gold pocket replacement like
6:52
Speaker 4: in the fifty percent region. It's also the midpoint of
6:55
Speaker 4: this region as well, very likely that we come down to.
6:57
Speaker 4: And then we have the highest volume level, which is
7:00
Speaker 4: where this is not really price action, but the asset
7:03
Speaker 4: is going to seek out more than likely while we're
7:05
Speaker 4: in this range the highest volume level, which is all
7:08
Speaker 4: the way back down at forty one. So for the
7:09
Speaker 4: longest time here I've been noting that we're looking for
7:11
Speaker 4: this move down. This is again weekly timeframe. Don't expect
7:15
Speaker 4: it overnight. This is something that over the course of
7:17
Speaker 4: twenty twenty six, I vision this to come down. And
7:20
Speaker 4: that also aligns really really well if we get into
7:23
Speaker 4: it next or whenever you want to pull it up.
7:25
Speaker 4: The Ethereum outlook for myself as well, which I could
7:28
Speaker 4: see eth outperforming Bitcoin in the year twenty twenty six,
7:31
Speaker 4: which in term usually is meaning that the all coins
7:34
Speaker 4: are going to outperform with it. It's not usually we
7:36
Speaker 4: just see Ethereum pushing without nothing else.
7:38
Speaker 2: So yeah, well, and there's a lot of things that
7:40
Speaker 2: play into this.
7:41
Speaker 1: Right now. I want to go to a clip here.
7:43
Speaker 2: Because this is where we could see some interim pains,
7:46
Speaker 2: and even Tom Lee kind of talked a little bit
7:48
Speaker 2: about this about eth in a second, and we'll jump
7:49
Speaker 2: to ether right after that, So you guys stick around
7:51
Speaker 2: for that, but let me play this clip for you.
7:53
Speaker 3: Guys.
7:53
Speaker 5: Big question is are we consolidating and digesting gains, which
7:57
Speaker 5: is a word I've already used before, or are we
8:00
Speaker 5: seeing some topping formations. I see a few topping formations,
8:04
Speaker 5: but I still believe we're in a consolidation phase. But
8:06
Speaker 5: as we go through it, you're gonna feel some angst
8:09
Speaker 5: and there'll be a feeling of indigestion as we try
8:12
Speaker 5: to move higher going into this FED meeting on December tenth.
8:15
Speaker 3: So we are seeing rotation. And you told me we.
8:18
Speaker 5: Would get this hit in the technology sector like we
8:20
Speaker 5: did with for the Max seven underperformed the S and
8:23
Speaker 5: P five hundred, Yet we are still at these levels.
8:26
Speaker 5: That's reason to be optimistic in my mind, because I
8:29
Speaker 5: don't think Nvidia is done by any stretch, but I
8:31
Speaker 5: am watching key levels here around one seventy five. It
8:34
Speaker 5: held yesterday, gonna test it again today and you know
8:38
Speaker 5: that'll be a good setup once we get through the
8:40
Speaker 5: end of this year to kick off twenty twenty six.
8:44
Speaker 2: Two things to keep in mind here for you guys
8:46
Speaker 2: that are trying to figure out how this.
8:47
Speaker 1: Market could play out.
8:48
Speaker 2: One, of course, is the FED meeting coming December tenth.
8:51
Speaker 2: You mentioned it there. And then others are how this
8:54
Speaker 2: outlook starts to pin through because I think right now
8:57
Speaker 2: poly market had it. I'll pull up a polymer market
9:00
Speaker 2: here in a second, but it had the FED rate
9:03
Speaker 2: cut now almost at ninety percent as of this morning
9:07
Speaker 2: of a quarter basis points.
9:08
Speaker 1: And of course a lot of this.
9:09
Speaker 2: Is leaning in because of this idea of a shadow
9:13
Speaker 2: you know, FED, which, of course the Trump administration is
9:16
Speaker 2: now pointing at Kevin Hassett as being the potential Kevin
9:19
Speaker 2: Hassett remember ex Bitcoin Advisor or excuse me, coinbas advisor,
9:24
Speaker 2: very understanding in terms of digital assets, and I would say,
9:28
Speaker 2: in essence, he fits both profiles, one pro crypto and
9:32
Speaker 2: other dubbish, meaning he's ready to cut all of that
9:35
Speaker 2: could layer into a potential very big Q one, Paul.
9:40
Speaker 2: When you look at that those two things alone in
9:45
Speaker 2: the light that Nvidia doesn't explode. Let's assume that they are,
9:48
Speaker 2: I should say implode because of Michael Berry's you know analysis,
9:53
Speaker 2: and I'll talk about that in a second. But do
9:55
Speaker 2: you think that Ethereum gets its wind after another bitcoin
10:00
Speaker 2: run or do you think we're in tandem right now
10:03
Speaker 2: in terms of where the Bitcoin chart is.
10:07
Speaker 3: I think that, yeah.
10:08
Speaker 4: I think that Ethereum could very well get it within
10:10
Speaker 4: in tandem, I guess. And again this is a place
10:13
Speaker 4: I think that we're seeing where eth is going to
10:15
Speaker 4: start outperforming again, just as we saw in April. We're
10:17
Speaker 4: from fourteen hundred to forty nine hundred. We technically outperform
10:20
Speaker 4: Bitcoin during that window of time, and Eth is poised,
10:23
Speaker 4: I think, to do that just to get again as
10:25
Speaker 4: we start off twenty twenty six.
10:26
Speaker 2: Yeah, all right, so a couple of things to be
10:29
Speaker 2: on the lookout here twenty twenty six. JP Morgan says
10:32
Speaker 2: S and P five hundred could hit eight in twenty
10:35
Speaker 2: twenty six. I don't know about you, guys, but it
10:37
Speaker 2: seems like JP Morgan always just these crazy estimates right
10:42
Speaker 2: at the time when the market seems to have a
10:44
Speaker 2: little bit of lift in it's almost like they're trying
10:46
Speaker 2: to wring out a little bit of more profit in
10:48
Speaker 2: terms of some of these funds that they're managing. I
10:51
Speaker 2: don't know, do you like the S and P for
10:53
Speaker 2: twenty twenty six or would you go into risk.
10:57
Speaker 3: So the S and P. Let's just take a peek
10:59
Speaker 3: at that real quick.
11:00
Speaker 4: So I'm not actually totally against that eight thousand dollars
11:04
Speaker 4: call I guess because this is the only other level
11:06
Speaker 4: I've had on my SMP five hundred chart for probably
11:09
Speaker 4: this entire year, to be honest with you, and we
11:12
Speaker 4: had to pull back in April. So far, it's obviously
11:14
Speaker 4: just been a huge just up move only with no
11:17
Speaker 4: sizeable corrections. And that's why you see I have these
11:19
Speaker 4: two just simple Fibonacci pullbacks here, which the main one
11:22
Speaker 4: for me is if we were to come down lower
11:24
Speaker 4: when we're coming down earlier this month, even if we
11:27
Speaker 4: came back to like sixty one hundred, this would have
11:28
Speaker 4: been a very technical, very shallow retracement and you still
11:32
Speaker 4: back test previous highs all that good stuff.
11:34
Speaker 3: But anyways, we're back into the highs yet again.
11:37
Speaker 4: And to me, when I'm looking at the markets, basing
11:40
Speaker 4: once more off of that twenty year housing market, economic
11:43
Speaker 4: business business cycle outlook. A vision I can see here
11:47
Speaker 4: that we could have a very big twenty twenty six right,
11:50
Speaker 4: Yet again, everybody's really expecting a big rollover in the
11:52
Speaker 4: Great Depression and all that to occur since we've been
11:55
Speaker 4: in twenty twenty basically, and I think this last leg
11:58
Speaker 4: here could very well be here. And looking at this
12:00
Speaker 4: though in the sense of percentage gain, you're talking ten, twelve, fifteen,
12:04
Speaker 4: I guess we're eight thousand and put it almost a
12:05
Speaker 4: twenty percent move, And if you have size in the market,
12:08
Speaker 4: of course that's incredible. Yeah, And so I mean, yeah,
12:12
Speaker 4: it's what I jump into this at the highs expecting
12:15
Speaker 4: eight thousand dollars once again, just like you said, where
12:17
Speaker 4: we get these extreme or the next big levels. Only
12:20
Speaker 4: once we're there, it's a little risky, I think to
12:23
Speaker 4: come into that. I'd probably look for other opportunities here.
12:25
Speaker 4: But if you're already in SMP from lower then yeah,
12:28
Speaker 4: i'd say that this is you know this two times
12:30
Speaker 4: when you're trying to analyze things, it's to the person
12:32
Speaker 4: that's looking for a fresh buy or the person that's
12:34
Speaker 4: already been invested in today is probably if I'm invested,
12:37
Speaker 4: I'm looking higher, If I'm looking for a fresh opportunity,
12:39
Speaker 4: it's not today.
12:41
Speaker 2: Well, and there's two things, because I think everybody's trying
12:43
Speaker 2: to figure out, well, if this does play out to
12:45
Speaker 2: what you're talking about, Paul, data Dash, is this goes
12:50
Speaker 2: into Q one possibly as a rip into what could
12:54
Speaker 2: be a very accelerated FED rate cut, because come May,
12:58
Speaker 2: it's very possible we can see a full point getting
13:01
Speaker 2: cut off of the feder rate. If that occurs, that
13:03
Speaker 2: would be a massive stimulus into the market going into spring.
13:08
Speaker 2: That of course starts to move things around. So timing
13:10
Speaker 2: might be to your point, right in line with where
13:13
Speaker 2: you could see some pullbacks in the S and P.
13:15
Speaker 2: The other thing within Nvidia, you know, when you look
13:17
Speaker 2: at how Burry was addressing this, it really just boiled
13:21
Speaker 2: down to the depreciation schedule that in video was planning
13:24
Speaker 2: on these chips, mainly saying, hey, we're gonna push this
13:27
Speaker 2: appreciation out like five to seven years instead of a
13:29
Speaker 2: chip being at its life cycle at like two to
13:32
Speaker 2: three years. And that was what was patting the books
13:34
Speaker 2: or cooking the books. I disagree with that in the
13:37
Speaker 2: sense that I think when you look at the scale
13:39
Speaker 2: and growth of what in Nvidia is dealing with, the
13:42
Speaker 2: way they build against this is just to grow past it,
13:45
Speaker 2: and then they would cover any of those losses in depreciations.
13:48
Speaker 2: So if you played counter of Buri, then in Vidia
13:52
Speaker 2: could still see some up here. To your point, maybe
13:56
Speaker 2: into an eight thousand, seventy five hundred that is going to.
13:59
Speaker 1: Blast the risk markets upward.
14:02
Speaker 2: I think in terms of Bitcoin, especially Eth, what would
14:04
Speaker 2: be your target price for Eth right now if you
14:08
Speaker 2: were looking into the Q one range, So.
14:13
Speaker 4: For Q one for Eth's I had originally I had
14:17
Speaker 4: a area that we were looking to get a bounce
14:20
Speaker 4: off of. It was that thirty three thirty six hundred
14:22
Speaker 4: dollars mark, and then we ended up coming a little
14:24
Speaker 4: bit deeper here right into a gold pocket. So you'll
14:27
Speaker 4: hear me talk about that. I think mini analysts point
14:29
Speaker 4: that out. It's a very very natural place to see
14:31
Speaker 4: a retracement. So we had to off of this last
14:33
Speaker 4: move up which, to be fair, this was right as
14:37
Speaker 4: we had the last upgrade I believe that was Petra
14:40
Speaker 4: upgrade or update, and we have another one coming up
14:43
Speaker 4: in just a week or two here, I know, you
14:45
Speaker 4: cover that quite often so interesting enough where we have
14:47
Speaker 4: that coming as we're on the heels of a major
14:49
Speaker 4: support level, but we've.
14:51
Speaker 3: Come into this big area. For me, I've actually.
14:53
Speaker 4: Acquired more ethereum here. I'm a huge ethereum bowl huge
14:57
Speaker 4: ethereum like that's my largest bag person. So just so's
15:01
Speaker 4: that's out there. But yeah, I really enjoyed seeing this
15:04
Speaker 4: pullback here in the bounce off it so far. Locally
15:06
Speaker 4: we had a little weekly target just similar to the
15:09
Speaker 4: Turkey target on bitcoin, but without that, I'm really looking
15:12
Speaker 4: to see reclaim.
15:13
Speaker 3: This yearly open for this year.
15:15
Speaker 4: It's it's not only just because of that, it's you
15:17
Speaker 4: can also see how just really in demand that support
15:21
Speaker 4: was until we flipped it, So flipping that would be
15:23
Speaker 4: really crucial here. And then, honestly, Paul, I think that
15:26
Speaker 4: Q one still has enough legs to get us back
15:28
Speaker 4: to all time highs into the five thousand dollars range
15:32
Speaker 4: on ethereum and if I can pull up again. Just
15:35
Speaker 4: my larger outlook is actually that we see a really
15:38
Speaker 4: sizable move and ethereum through the year, and that is
15:40
Speaker 4: all predicated off of again this larger ETH versus BTC setup,
15:46
Speaker 4: which is a huge six year bullish reversal that completed
15:50
Speaker 4: in April of this year usually takes about a year
15:52
Speaker 4: and a half to three years to hit the major
15:53
Speaker 4: target from there.
15:55
Speaker 3: This is where we got the huge burst from.
15:56
Speaker 4: Fourteen hundred up to forty nine hundred, two hundred and
15:59
Speaker 4: fifty percent move on eight when bitcoin I think only
16:01
Speaker 4: rallied like eighty to one hundred. Still amazing, but we
16:04
Speaker 4: outperformed a little cool off right here, and the remaining
16:07
Speaker 4: target zone, which is up in this region comes in
16:10
Speaker 4: with fib times aligning with it around the end of
16:13
Speaker 4: next year and into Q one of twenty twenty seven.
16:15
Speaker 4: So not that we have to wait that long to
16:17
Speaker 4: see anything big here, because again, if we're starting to
16:19
Speaker 4: crawl up into these regions, that puts ETH.
16:22
Speaker 3: Back at the all time highs here.
16:24
Speaker 4: And then going into new because potentially new highs as
16:27
Speaker 4: we go into the remainder of next year.
16:29
Speaker 2: All right, so new highs the remainder of next year.
16:32
Speaker 2: To your point, Fusaka is happening next week, and this
16:36
Speaker 2: is going to accelerate a lot of different things. Of course,
16:38
Speaker 2: we saw the move with Pectra and where Eth came from.
16:41
Speaker 2: At that time you kind of hit it in the
16:43
Speaker 2: sense of eth really starting to grow and outperform bitcoins.
16:46
Speaker 2: So definitely something to keep an eye on, guys. One
16:49
Speaker 2: thing to just remember, though, just as a warning, is
16:53
Speaker 2: that Lee is now saying and he has softened his position.
16:56
Speaker 2: He's still looking at a seven k instead of a
16:58
Speaker 2: ten to twelve, but he's all also talking about a
17:01
Speaker 2: potential of coming back down to twenty five hundred before
17:04
Speaker 2: a rebounds. Do you think we hit a twenty five
17:07
Speaker 2: hundred before end of year?
17:11
Speaker 3: It's tough on. I mean, we're so close to there.
17:14
Speaker 4: I know it's five hundred dollars away now, but when
17:15
Speaker 4: we came down just recently to twenty six, twenty five
17:18
Speaker 4: hundred does have a very very high volume level sitting
17:21
Speaker 4: there for this year, so I wouldn't count it out
17:24
Speaker 4: by any means. And if I was looking at those
17:25
Speaker 4: DCA zones, it would definitely be in the twenty five
17:28
Speaker 4: hundred twenty six hundred dollars level if we push back
17:30
Speaker 4: to it, so I wouldn't totally count that out in.
17:33
Speaker 3: A shorter term, just pull back again. But yeah, all.
17:37
Speaker 1: Right, let's jump over to Solana for a second.
17:40
Speaker 2: The ETF streak is on the move, right now they've
17:44
Speaker 2: got zero outflows since launch. That's kind of cool when
17:48
Speaker 2: you look at some of the other narratives that are.
17:51
Speaker 1: Placing in the market, including the push.
17:53
Speaker 2: Of all of the xrp ETFs which have been busting
17:55
Speaker 2: through b solo course with Bitwise did very well, We're
17:59
Speaker 2: seeing a lota on the move here. Question mark is
18:02
Speaker 2: how do Solana perform in the chart in comparison to ethereum?
18:07
Speaker 1: What is your position?
18:11
Speaker 3: Yeah, so let's see here.
18:13
Speaker 4: So Solana pretty much a huge range for the last jeez,
18:18
Speaker 4: I guess since twenty twenty four, sizeably up.
18:21
Speaker 3: Let's just you know, be fair there though.
18:22
Speaker 4: We had eight dollar lows and twenty two dollars lows
18:24
Speaker 4: a couple of years back, and has been pretty much
18:26
Speaker 4: holding up in this one hundred plus region. There was
18:29
Speaker 4: a Bullish Harmonic that completed same time around that April
18:32
Speaker 4: window that I've covered a couple times here, won't get
18:34
Speaker 4: too far into it had a major target up here
18:37
Speaker 4: at that one ninety six, so we slowly made our
18:39
Speaker 4: way to that. This was pretty much a little line
18:41
Speaker 4: in the sand for any more upside or if we
18:44
Speaker 4: lost it for more down once we lost it here,
18:47
Speaker 4: the downside area turns into what's called a five to OZ,
18:51
Speaker 4: which is meaning we're just rejecting off of that fifty spot.
18:54
Speaker 4: Essentially the fifty percent retlacement. The five O targets come
18:57
Speaker 4: in right here. So one thirty one is where we're
19:00
Speaker 4: holding in basing off of for Solana, And honestly, as
19:02
Speaker 4: long as we're holding at that one thirty one, the
19:05
Speaker 4: overall setup is still in play here. So that two
19:07
Speaker 4: seventy four and three twenty three, I believe it is,
19:10
Speaker 4: is where I could see Solana pushing up to the
19:13
Speaker 4: caveat here, as we just really have to remain above
19:15
Speaker 4: this one thirty one. Otherwise than that you got big
19:17
Speaker 4: DCA zone between that and eighty five dollars. But two
19:21
Speaker 4: seventy four and three twenty three are still really in
19:24
Speaker 4: that docket there, and that's about one hundred and thirty
19:26
Speaker 4: five percent move here.
19:28
Speaker 3: Personally, I think that that's probably it could go higher.
19:32
Speaker 4: Of course, as you're pointing out, there's a lot of
19:34
Speaker 4: ETF inflows and things like that happening behind the scenes,
19:36
Speaker 4: so when those come to surface, it could really be explosive.
19:40
Speaker 4: But from what I'm seeing currently, if I had the
19:42
Speaker 4: line up eth versus Salona person. I think Eth has
19:44
Speaker 4: got the chance to outperform one hundred and thirty five percent.
19:47
Speaker 2: So all right, so we're we're doing kind of a
19:49
Speaker 2: round robin here. Then let's jump over to Avalanche. We
19:52
Speaker 2: had Anthony Scaramucci on the show just the other day.
19:55
Speaker 2: We're talking about the Avalanche dat. He had, of course
19:59
Speaker 2: a lot of things to talk about. But we hit
20:01
Speaker 2: on a lot of positives for Avalanche as an ecosystem,
20:04
Speaker 2: but we're not seeing it in the charts, Paul, So
20:08
Speaker 2: tell me why Avalanche is not moving?
20:10
Speaker 1: What's going on?
20:13
Speaker 4: Yeah, we just similar to many of the coins out there,
20:17
Speaker 4: and even some as you just pointed out right you
20:19
Speaker 4: pointed out XRP. I believe has you know, extreme moves
20:22
Speaker 4: behind the scenes as far as ETFs goes, but the
20:24
Speaker 4: price action hasn't really caught up to that yet.
20:26
Speaker 3: Solana the same way right now.
20:28
Speaker 4: It's just one of those things that when we get
20:30
Speaker 4: some of these big catalysts that I think that will
20:32
Speaker 4: have long term effects over the you know, the price
20:36
Speaker 4: and things that will come along with it, they're not
20:38
Speaker 4: as immediate as we as we'd like them to be.
20:40
Speaker 4: Right as soon as you get these really big bursts.
20:42
Speaker 4: So Avalanche is in the same camp. We're just really
20:44
Speaker 4: just kind of grinding it out around these lows. I
20:46
Speaker 4: think we touched on this last time as well. For me,
20:49
Speaker 4: I'd really love to see Avalanche get back above pretty
20:52
Speaker 4: much where we're trading at right now. This fifth let's
20:55
Speaker 4: just call it fifteen dollars, This is where we've had
20:57
Speaker 4: our six month lows coming in here, so to start
21:00
Speaker 4: closing about especially if we were to close this year,
21:02
Speaker 4: which now we have just you know, a couple more
21:03
Speaker 4: weeks here, that would look pretty good here as far
21:06
Speaker 4: as a little sign of strength there, we've also got
21:08
Speaker 4: twenty twenty fours low to be aware of, just two.
21:10
Speaker 3: Dollars above that.
21:11
Speaker 4: And the thing with Avalanche here is that the way
21:14
Speaker 4: we've been consolidating and with again just you know, positive
21:17
Speaker 4: fundamentals behind the scenes, I think that this is something
21:20
Speaker 4: that for me, this is always something where I'm going
21:22
Speaker 4: to be willing to put on risk when we're at
21:24
Speaker 4: these low ends, when comparing to something that's at a
21:26
Speaker 4: brand new all time high. You know, this is something
21:28
Speaker 4: that obviously the risk is a little bit lower. Can
21:30
Speaker 4: it go to you know, can go lower, yes, But
21:32
Speaker 4: this is something that can very well explode out of
21:34
Speaker 4: this region, and you get those really quick bursts, and
21:37
Speaker 4: it's usually because we've been consolidating and all that price
21:39
Speaker 4: action and demand is pent up. And again we have
21:43
Speaker 4: a huge, huge upside potential here, not even to get
21:46
Speaker 4: to price discovery. This is just a simple price recovery.
21:50
Speaker 4: And when looking at this like again, the only thing
21:52
Speaker 4: I can compare this to is when I looked at
21:54
Speaker 4: XRP for the longest time and then you had that
21:56
Speaker 4: humongous rip right that came out of it. So Avalanche does.
22:00
Speaker 4: Look again, it looks weak currently, but only until it
22:04
Speaker 4: doesn't right. Just similar to actually this exact move right here,
22:06
Speaker 4: we had all this downward move, downward move, downward move
22:09
Speaker 4: until it's not right. And I feel like we're in
22:11
Speaker 4: the same position right now. So yeah, I just think
22:15
Speaker 4: we need to claim some ground here, start to see
22:17
Speaker 4: a little strength. But here is definitely an area where
22:19
Speaker 4: you want to be consitted. You know, again, no financial advice,
22:22
Speaker 4: but if I'm looking for a place to consider putting
22:24
Speaker 4: on risk, it's definitely here on Avalanche with potential for
22:27
Speaker 4: ninety eight dollars.
22:28
Speaker 3: You know, down the road.
22:29
Speaker 2: We're going to pick two tokens at the end here,
22:31
Speaker 2: because we've got like six that we're covering here, Solana Avalanche,
22:36
Speaker 2: obviously eth Bitcoin. Let's also take a look at unie swap,
22:41
Speaker 2: and this is something because we now have the switch
22:44
Speaker 2: in play. Sixty three thousand votes is where they're going
22:47
Speaker 2: to be able to take a lot of these yields
22:49
Speaker 2: give those back to the users. This is going to
22:51
Speaker 2: change things for uniewap in a big way. As you
22:54
Speaker 2: can see, it was overwhelming in terms of the vote
22:57
Speaker 2: and it's most likely going to turn on quickly.
23:00
Speaker 1: Question is, as many.
23:00
Speaker 2: People said, well, when we heard the news, uniswap took
23:03
Speaker 2: a nice move and then of course everything fell apart.
23:06
Speaker 2: It came down with bitcoin along with everything else. But
23:09
Speaker 2: where does uniswaps stand right now? Is this a trade
23:12
Speaker 2: that we should be looking at?
23:17
Speaker 4: Yeah, I mean I think again we're trading around aside
23:20
Speaker 4: from that huge wick down on the October tenth liquidation
23:24
Speaker 4: event and being at the lowe's. Yet again after the
23:27
Speaker 4: fact of the range here, you're still trading relatively near
23:31
Speaker 4: the lows here right, So again some places where if
23:34
Speaker 4: you're looking at DCA into not talking about leverage trades
23:37
Speaker 4: or anything like that. You know, you don't really need
23:39
Speaker 4: leverage with any of these all coins they do crazy
23:41
Speaker 4: moves on their own. But we're sitting around the point
23:44
Speaker 4: of control. Again, this is the most traded area of
23:47
Speaker 4: the region I'm looking at here, so this is definitely
23:49
Speaker 4: where the most hands are trading place here as far
23:52
Speaker 4: as buys and cells go. The only problem with it
23:57
Speaker 4: is you did have a range run right here, right,
23:58
Speaker 4: so you see here we pulled back to the low,
24:00
Speaker 4: you ran into the high. Until we really break one
24:03
Speaker 4: of these two, the odds are you might come back
24:05
Speaker 4: down to the lows. The only thing you've got to
24:06
Speaker 4: be prepared for here. And while this is very tiny,
24:09
Speaker 4: you know, it's like twenty five more percent. But ultimately,
24:13
Speaker 4: if you're looking at DCA between where we are now
24:15
Speaker 4: and that four to seventy six low and that twenty
24:17
Speaker 4: percent window, yeah, I think that we have, similar to Avalanche,
24:21
Speaker 4: a really big move that could really get underway.
24:23
Speaker 3: Here.
24:24
Speaker 4: We're trading near the areas where you consider putting on risk.
24:26
Speaker 4: You always have to be able to put on risk
24:27
Speaker 4: at these areas because again, once we get to this levels,
24:30
Speaker 4: when everybody gets excited, which.
24:32
Speaker 3: Is they bought back here.
24:33
Speaker 4: But during those pullbacks is when it's all scary and
24:35
Speaker 4: seems like it's dead. Similar thing right here and here
24:37
Speaker 4: and here, just like Avalanche. So yeah, I'd say that
24:39
Speaker 4: this is an area of opportunity. Same thing goes here,
24:43
Speaker 4: big big areas above us back at like twenty two
24:45
Speaker 4: to twenty five dollars and potentially up to thirty. So now,
24:49
Speaker 4: just again we're talking percentage gains here, potentially a three
24:53
Speaker 4: hundred percent move, three hundred and eighty percent move, you know,
24:56
Speaker 4: assuming that the next year we get that dominance pullback,
24:59
Speaker 4: that we.
25:00
Speaker 1: Jump in on that one. I'm not ok.
25:02
Speaker 2: That's a little aggressive, I think for for you not listen.
25:06
Speaker 2: I love Uni Swap, there's nothing wrong with it, but
25:07
Speaker 2: that's a major alternative alternate universe you're talking about there, Paul.
25:12
Speaker 2: Let me ask you this is if you were to
25:14
Speaker 2: invest between Avalanche and Uni Swap, if I was choosing
25:18
Speaker 2: between those two, which one would you go with?
25:20
Speaker 1: Right now?
25:21
Speaker 3: I would choose Avalanche?
25:23
Speaker 2: Okay, Avax All right, So we got a VAX and eight.
25:26
Speaker 2: Now we're going to pick one more. This time we're
25:28
Speaker 2: going to jump over to suite all right. Uh, here's
25:31
Speaker 2: a Dane. He's talking about some things that back. This
25:33
Speaker 2: is back in May, guys. He was kind of hinting at.
25:36
Speaker 2: You know, what he's hinting at is that maybe we
25:38
Speaker 2: might get a Pokemon involvement in the Sweet network.
25:42
Speaker 1: However, nothing has resolved.
25:44
Speaker 2: From this, and now he says, just here the other day,
25:47
Speaker 2: it's going well. I don't know what to make of
25:50
Speaker 2: that yet, but when you look at the chart on Sweet,
25:53
Speaker 2: it's definitely not going well. So where are we on
25:57
Speaker 2: Suee as a possibility.
26:01
Speaker 4: So the one thing I don't love about Sui in
26:04
Speaker 4: the listings today that we just went over is that
26:07
Speaker 4: I think that the problem is is like, if this
26:09
Speaker 4: has this type of potential, maybe everything does. But this
26:12
Speaker 4: level down here that I have marked this eighty three cents,
26:15
Speaker 4: This is a extremely high volume level that is also
26:20
Speaker 4: paired up with high timeframe averages, and they all come
26:22
Speaker 4: into the exact same scent, right, and it's about fifty
26:26
Speaker 4: percent away from where we are now. We've slowly kind
26:28
Speaker 4: of made our way down to this region. And if
26:31
Speaker 4: I look at this in just a simple what's known
26:33
Speaker 4: as an ABC correction, where you start right here, you
26:36
Speaker 4: get your a to this point you push up to
26:39
Speaker 4: make a lower high, and then you get that lasted,
26:41
Speaker 4: so that you got ab and then you got the
26:43
Speaker 4: last one. Is c could it be already completed? Sure,
26:47
Speaker 4: Usually we have to take out the low here. But
26:49
Speaker 4: if we're looking at this in a very specific manner,
26:51
Speaker 4: usually it's this type of move is exactly the same
26:55
Speaker 4: projected off of this level here. And the way we
26:57
Speaker 4: could do that is take a trend based five extension
27:00
Speaker 4: and map that off, go from the high to the low,
27:03
Speaker 4: and drag that up to the high right there, and
27:05
Speaker 4: that one hundred percent equivalent comes in right at.
27:08
Speaker 3: That level as well, right or just a little bit
27:10
Speaker 3: below it here.
27:11
Speaker 4: And so just technically speaking, I think that Suey has
27:16
Speaker 4: potential to come down a little bit lower. It is
27:19
Speaker 4: already extremely low off the high. The only thing to
27:21
Speaker 4: be out there right we're down seventy percent. So if again,
27:24
Speaker 4: if somebody's looking for that opportunity where you don't want
27:27
Speaker 4: to get overly greedy waiting for lower, if just in
27:30
Speaker 4: case we do start to take off here, I'd say
27:32
Speaker 4: that the takeoff level really begins if we claim one seventy.
27:35
Speaker 4: But I'd say this it's a really big gap but
27:38
Speaker 4: you could really just consider scaling in around these regions
27:41
Speaker 4: if you want to catch that next leg up. But yeah,
27:44
Speaker 4: just the only thing about these all that just that
27:46
Speaker 4: one just really sticks out at me that we still
27:48
Speaker 4: might see a little pullback.
27:49
Speaker 3: You know, you get those random.
27:51
Speaker 4: News and tweets that they got to have or something
27:53
Speaker 4: that we can cause it.
27:54
Speaker 3: Yeah, exactly, Yeah, that's a big pull out.
27:57
Speaker 1: All right.
27:58
Speaker 2: So all right, so we've kind of picked Ethereum as
28:00
Speaker 2: one of the alphas over here when it goes head
28:02
Speaker 2: to head with Salana. But what about Avalanche versus suite because.
28:08
Speaker 1: I'm trying to help the audience. Avalanche Ye, okay, all right, Avalanche.
28:11
Speaker 3: Yeah.
28:12
Speaker 1: So all right, so there you go, guys.
28:13
Speaker 2: I mean, we've got some potential picks here for the
28:16
Speaker 2: end of the year that could move on you.
28:19
Speaker 1: Whether you're a little.
28:20
Speaker 2: Bit more risky you want to look at something like
28:22
Speaker 2: an avax, or maybe you're a little more tolerant you
28:24
Speaker 2: want to go in the direction of Ethereum. Again, not
28:26
Speaker 2: financial advice, but hopefully this gives you some good analysis
28:30
Speaker 2: on what to look for in some of these tokens.
28:32
Speaker 2: And the key here, like Paul's kind of been alluding to,
28:35
Speaker 2: is there are some trading zones that are starting to
28:38
Speaker 2: occur on a handful of these tokens. Now do we
28:41
Speaker 2: get a retracement? Sure, it could be another fake pump
28:44
Speaker 2: right now?
28:44
Speaker 1: What are we at?
28:45
Speaker 2: We're at We just crossed ninety k on bitcoin, so
28:48
Speaker 2: we're on the move right now, a little bit of
28:50
Speaker 2: a market pump. Whether or not we can hold this
28:52
Speaker 2: through Thanksgiving will be the question. I want you guys
28:55
Speaker 2: to do one thing. I want to jump over to
28:57
Speaker 2: Paul's channel right there, Data Dash and make sure and subscribe,
29:01
Speaker 2: let him know we sent you, and give him a
29:04
Speaker 2: nice turkey, a nice turkey for Thanksgiving. And that is
29:10
Speaker 2: moving along here. One last thing for you, Paul, when
29:14
Speaker 2: you look at December tenth, because I don't know if
29:16
Speaker 2: I got your prediction on this December tenth fed rate cut.
29:20
Speaker 2: Are you in the quarter basis point camp right now?
29:25
Speaker 3: Yeah? I think at least a quarter?
29:27
Speaker 4: And that's is that the day that Ethereum gets the
29:30
Speaker 4: upgrade to Just now that I'm thinking out loud to Fusaka,
29:33
Speaker 4: is it on the tenth?
29:34
Speaker 2: I think it Issaka next week with Ethereum, So that's
29:38
Speaker 2: going to well, it may not be immediate if we
29:40
Speaker 2: start to see some movement on eight, So it could
29:42
Speaker 2: happen timing wise, could literally be in line with what
29:46
Speaker 2: the FED rate cut is happening on the tenth. So
29:49
Speaker 2: think about that. We are, what is that fourteen days
29:51
Speaker 2: away right now of a FED rate cut. Potentially that
29:55
Speaker 2: plays into January. Many people pushing for fifty even though
29:58
Speaker 2: the quarter is kind of the the number. But the
30:01
Speaker 2: question is could we get a surprise rate cut because
30:03
Speaker 2: remember that was a big reversal coming off of what
30:06
Speaker 2: we were on a no change All of a sudden,
30:09
Speaker 2: we're now above eighty percent as of this morning overall
30:12
Speaker 2: poly market on that quarter basis points. Anyway, you guys
30:15
Speaker 2: know what to do, like and subscribe. Paul, thanks for
30:17
Speaker 2: coming in on the show. We appreciate it.
30:20
Speaker 3: Always a pleasure, Paul.
30:21
Speaker 1: You bet are you guys?
30:23
Speaker 2: If you are not in the baron Market Edge, that's
30:25
Speaker 2: our free group. All you have to do is click
30:27
Speaker 2: link down below you can join and we send out
30:30
Speaker 2: free research. Insights is additional research that we do here
30:33
Speaker 2: on the show, along with my own personal email that
30:36
Speaker 2: goes out to you guys tells me where I'm going
30:38
Speaker 2: in the markets. That's the way to get involved, of course,
30:41
Speaker 2: follow me out there on X at Paul Baron. We'll
30:43
Speaker 2: catch you next time, right here on The Paul Baron Show.