Latest / The Paul Barron Crypto Show / Crypto Market Disbelief🚀Technical Analysis with Evan Aldo

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Crypto Market Disbelief🚀Technical Analysis with Evan Aldo · The Paul Barron Crypto Show

0:00
Speaker 1: The market is in disbelief. How do you trade it
0:02
Speaker 1: from here?
0:03
Speaker 2: Today?
0:03
Speaker 1: We'll break that down with you. We've got Evan Aldom
0:05
Speaker 1: joining in a little bit. You've probably heard me mention
0:07
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0:14
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0:23
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0:31
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0:37
Speaker 1: to Inverse Kramer, he is back, Jim Kramer. I'm going
0:41
Speaker 1: to sell my bitcoin. Two weeks later, Bitcoin up twenty
0:44
Speaker 1: five Actually it's up more than that now, So again
0:48
Speaker 1: Kramer is doing his best to support the crypto market.
0:51
Speaker 1: I want to lead off with a clip before we
0:53
Speaker 1: bring in Evan here and give you guys kind of
0:56
Speaker 1: an insight because this is well.
0:58
Speaker 2: Take a look. I think bitcoin has lost the plot.
1:01
Speaker 2: And when I started buying bitcoin and I've sold all
1:05
Speaker 2: of it.
1:05
Speaker 3: I bought the dip, and how I can't keep buying
1:07
Speaker 3: the dip? No money left to buy the dip? The
1:10
Speaker 3: dip great, great, what do I buy the dip?
1:12
Speaker 4: Well?
1:12
Speaker 3: What am I gonna pay for the dip? If I
1:14
Speaker 3: keep buying the dip it keeps dipping. You got no
1:16
Speaker 3: money to buy the dip. You're out of dip.
1:18
Speaker 4: This is the most barrassed thing. I have zero desire.
1:22
Speaker 4: So last night I sold my bitcoin. I sold my bitcoin.
1:25
Speaker 4: Yesterday I was holding a good amount of coins. I'm
1:29
Speaker 4: completely out of bitcoin, one hundred percent out of bitcoin.
1:32
Speaker 5: I sold all my bitcoin and I suffered absolutely massive
1:38
Speaker 5: financial losses.
1:40
Speaker 6: Well, it's unwhining all of crypto. We're seeing bitcoin collapse
1:45
Speaker 6: pullow sixty thousand dollars again. The fact that Michael Saylor
1:49
Speaker 6: is allowed to walk around free right now is absolutely criminal.
1:54
Speaker 6: Somebody needs to arrest them. If I see this guy, I'm.
1:58
Speaker 3: Gonna perform a citizen to.
2:00
Speaker 4: And lock this guy up because this is absolutely fucking criminal.
2:05
Speaker 2: Michael, all right, So a lot of people very upset.
2:08
Speaker 1: So I thought, hey, let's bring in Evan Aldo and
2:10
Speaker 1: let's try to sort this out. Evan, a lot of
2:13
Speaker 1: people selling the bottom there, and of course the market
2:16
Speaker 1: has recorrected here consistently now for the last three or
2:19
Speaker 1: four days. And all this some people would think is
2:22
Speaker 1: driven by what Bessent is talking about. Some people would say, no,
2:25
Speaker 1: it's happening because of clarity when you look at what's
2:29
Speaker 1: happening right now on bitcoin. First of all, where do
2:33
Speaker 1: you stand? Do you like this move? Would you come
2:35
Speaker 1: out right now or would you continue to hold this on?
2:38
Speaker 7: You know, it's it's obviously. So the main thing I
2:41
Speaker 7: would look at right now is you know so much
2:44
Speaker 7: to say. I mean, August obviously a really good month.
2:47
Speaker 7: I mean, there were obvious signs with the fear and greed,
2:49
Speaker 7: you know that we would probably get some type of relief.
2:52
Speaker 7: We coiled up for a while, voltility was really low,
2:55
Speaker 7: and then a bunch of people, you know, bought it up, obviously.
2:57
Speaker 7: And now if you look at my chart, we're all
2:59
Speaker 7: the way up to almost eighty K. So a lot
3:01
Speaker 7: of times these trend reversals tend to happen, or does
3:04
Speaker 7: changes tend to happen at the end of the month.
3:06
Speaker 7: So I think in all likelihood you're probably gonna keep
3:09
Speaker 7: going up from now and to the end of August.
3:11
Speaker 7: It's only about ten more days, so but it's going
3:13
Speaker 7: to be probably a little bit slower. And I think
3:15
Speaker 7: eighty two k, like these areas obviously that we rejected
3:18
Speaker 7: from back in May are really big areas. Potentially even
3:21
Speaker 7: a little bit more if things get really crazy like
3:23
Speaker 7: high eighties. But let's focus on kind of eighty two k,
3:26
Speaker 7: and you'd probably see this by the beginning of September,
3:28
Speaker 7: and then what'll likely happen, You'll get some seasonality. There's
3:32
Speaker 7: a high likelihood that this will follow and see some
3:34
Speaker 7: type of correction before mid terms with the S and
3:37
Speaker 7: P five hundred and Nasdaq, which I think those will
3:39
Speaker 7: continue to correct a bit as well, But don't worry.
3:41
Speaker 7: Probably nothing too crazy like trying to sell this, I
3:44
Speaker 7: think is trying and to get better prices is kind
3:46
Speaker 7: of foolish. But bitcoin's typically known before midterm election September
3:50
Speaker 7: October for a ten to twenty percent drop down, as
3:53
Speaker 7: I would guess, maybe back to sixty five maybe, you know,
3:56
Speaker 7: something of that nature would make sense, you know, in
3:59
Speaker 7: terms of or selling right now. You know, it's kind
4:01
Speaker 7: of tough to say. I think long term it's still
4:03
Speaker 7: anything below eighty is great. You know, still a really
4:06
Speaker 7: great point. Obviously, Paul, if you've been listening to me
4:08
Speaker 7: or you over the past few months, you know, we
4:10
Speaker 7: were obviously very bullish and thinking this is a good point.
4:13
Speaker 7: You know, obviously these sixties we were talking about that
4:15
Speaker 7: since February.
4:17
Speaker 2: You look at.
4:18
Speaker 1: Yeah, if you look at historically how this asset is performed,
4:22
Speaker 1: and you go all the way back into January of
4:24
Speaker 1: twenty three, there was a period there across three weeks
4:27
Speaker 1: that it went up forty two percent, So we had
4:30
Speaker 1: a three week run. It's somewhat sideways, but from there,
4:33
Speaker 1: everybody understand that was the run up for bitcoin to
4:38
Speaker 1: what we saw. That has been the asset that many
4:41
Speaker 1: people kind of look at. And my question is do
4:43
Speaker 1: you think this is the beginning of that era or
4:46
Speaker 1: do you think this is more of a sideways chop
4:49
Speaker 1: from here, or do you feel like this is going
4:51
Speaker 1: to take off from here?
4:53
Speaker 7: Yeah, I mean it's if I had a guess, I
4:55
Speaker 7: would say it's going to we're saying to see a
4:57
Speaker 7: correction September October. You know, this is my guy here,
5:00
Speaker 7: you know, take away a grand salt. But this is
5:02
Speaker 7: what seasonality would tell you something like this, We come up,
5:04
Speaker 7: then we get a correction, maybe twenty percent, back down,
5:06
Speaker 7: maybe back down to sixty five. And then I think
5:09
Speaker 7: I've told you, you know, a month or two ago,
5:11
Speaker 7: end a year, I could still see ninety two k
5:14
Speaker 7: you know, something like this. And then so to answer
5:16
Speaker 7: that question about that January of twenty twenty three, I
5:18
Speaker 7: think December maybe kind of your January, and then your
5:21
Speaker 7: twenty twenty seven is great, and you could potentially make
5:23
Speaker 7: a new all time high at some point in twenty
5:25
Speaker 7: twenty seven. So that's my best guess here at East
5:28
Speaker 7: in seasonality and all that.
5:29
Speaker 1: We're going to talk about maybe how to play this
5:32
Speaker 1: too at the end of the show, because there's a
5:33
Speaker 1: lot of people that maybe got sidelined on this and
5:36
Speaker 1: just weren't ready, and there's many of you that have
5:38
Speaker 1: been just holding through and say, hey, I'm just going
5:39
Speaker 1: to hold through this bear market, not pay attention to charts,
5:42
Speaker 1: and then yesterday kind of gave you a little bit
5:44
Speaker 1: of reward. I do want to play a couple of clips,
5:47
Speaker 1: because this is two different angles on how bitcoin could
5:51
Speaker 1: affect the market in general.
5:52
Speaker 2: Here is Mike mcgloan. Take a look. It's August.
5:55
Speaker 6: It's a perfect time of year to flesh out the
5:57
Speaker 6: shorts in a bear market, get everybody excited, and then
6:00
Speaker 6: go back down. So it's finally bounced above its two
6:03
Speaker 6: hundred day mover and average, which is rolled over. But
6:05
Speaker 6: the key way I look at bitcoin is it's a
6:07
Speaker 6: horrible performing asset with a high correlation to the stock market,
6:11
Speaker 6: and it has a major risk of going down. I
6:14
Speaker 6: will be on the record that this is a dog.
6:16
Speaker 6: I think it's going to roll over by then year,
6:17
Speaker 6: and the only thing that will support it now is
6:19
Speaker 6: the stock market has.
6:20
Speaker 7: To go up.
6:22
Speaker 1: All right, So Mike was wrong. Let's play a clip
6:25
Speaker 1: from Matthew Siegel. He kind of goes the other route
6:28
Speaker 1: and he says, it's not clarity that's causing this.
6:30
Speaker 2: Take a look.
6:31
Speaker 5: I don't think this move is about clarity at all.
6:34
Speaker 5: I think this is all about what the Treasury has done,
6:37
Speaker 5: and it is reigniting these fears of a fiscal dominance.
6:42
Speaker 5: So you know, we think this ultimately means lower real rates,
6:46
Speaker 5: a structurally weaker dollar, and bitcoin is one of the
6:49
Speaker 5: best hedges you can find on that dynamic. So I
6:53
Speaker 5: don't think the market's looking at clarity right now. It
6:56
Speaker 5: was a coiled spring, and I think it goes higher
7:00
Speaker 5: one hundred k. Now, nothing is in a straight line.
7:02
Speaker 5: I told you guys one hundred k would be next year.
7:05
Speaker 5: Still believe that, and then you know, long term twenty
7:08
Speaker 5: twenty nine, say we can hit five hundred k if
7:11
Speaker 5: the if the cycle plays out as usual.
7:14
Speaker 1: All right, So you can see two different traders, both
7:16
Speaker 1: from traditional finance. You have something that is absolutely historic
7:21
Speaker 1: right now. Bitcoin is moving one hundred and forty times
7:24
Speaker 1: faster than the stock market. It serves twenty percent in
7:27
Speaker 1: less than five and of course rising to above seventy seven.
7:30
Speaker 1: That's dated numbers because that has now moved considerably more
7:34
Speaker 1: than that, along with some other assets that have kind
7:36
Speaker 1: of gone in that. If you compare Bitcoin to the
7:39
Speaker 1: S and P right now on the chart, Evan, is
7:42
Speaker 1: there a rotation happening right now?
7:44
Speaker 2: Is that what we're seeing?
7:45
Speaker 7: There is one thousand percent rotation happening. And this is
7:49
Speaker 7: you know, this is just clockwork, Paul, I mean, look
7:51
Speaker 7: at this in this spare market. So he had eighty
7:53
Speaker 7: seven percent drop against the SESIPI five hundred and this
7:55
Speaker 7: spare market. Next one's eighty three next one's seventy four.
7:58
Speaker 7: He can notice the pattern. It gets a little less
8:00
Speaker 7: catastrophic every time this one was sixty percent. I think
8:03
Speaker 7: that's good enough. I mean, probably your worst case scenario here,
8:07
Speaker 7: in my opinion, is doing something like this, just coming
8:09
Speaker 7: back down retesting these loads. But you should be home free.
8:12
Speaker 7: You should be generally home free. And for those who
8:15
Speaker 7: think they've really missed out in bitcoin, you missed out
8:17
Speaker 7: on a thirty percent gain against spff under, but you're
8:19
Speaker 7: still very low compared against the spy. You're still down
8:22
Speaker 7: forty six percent against the spy, So it still is
8:25
Speaker 7: a good rotation. I mean, not anytime of advice, but
8:27
Speaker 7: it still is not a terrible idea to convert some
8:29
Speaker 7: spy shares over to bitcoin, depending on your risk tolerance.
8:32
Speaker 7: So this could upper from the spy for the next
8:34
Speaker 7: two three years, easily two or three.
8:36
Speaker 1: Wow, you've got Ethereum also edging in with a very
8:40
Speaker 1: strong couple of days, including the breakout in the Ethereum
8:44
Speaker 1: spot ETFs which saw a ridiculous amount of ETF and
8:49
Speaker 1: ether growth yesterday, largest single day buying in ten months.
8:53
Speaker 1: So you've got obvious bullish.
8:56
Speaker 2: Signs right now.
8:57
Speaker 1: I've got a clip of Arthur Hayes talking about etheroeum,
8:59
Speaker 1: because this is one of the more hated assets out there.
9:01
Speaker 2: Take a look.
9:02
Speaker 7: So you you went all in on ethereum. Why ethereum
9:05
Speaker 7: of a bitcoin?
9:06
Speaker 8: Ethereum is the bet right now. It's the most hated
9:10
Speaker 8: megacap crypto. It has not eclipsed to two thousand and
9:13
Speaker 8: one all time high. People hate it, nothing's happening. They're
9:15
Speaker 8: make in front of the foundation for other weirdness and
9:19
Speaker 8: you know, the selling and all that kind of stuff.
9:21
Speaker 8: And so it's just a hated coin. But it's also
9:24
Speaker 8: the most vibrant, you know DeFi ecosystem. It's the base
9:28
Speaker 8: chain for a lot of these new RBA protocols like
9:30
Speaker 8: robin Hood, and so it's got a good you know
9:33
Speaker 8: narrative as a security DeFi layer. And yeah, I think
9:38
Speaker 8: that's a good enough layer, good enough narrative. Plus the
9:42
Speaker 8: bombed out nature, the lack of performance over the last
9:45
Speaker 8: four years, which creates the rip, it's this oh shit,
9:50
Speaker 8: finally it's each time, let's fucking go all right.
9:53
Speaker 1: So there you go, LFG. For sure, you've been a
9:56
Speaker 1: strong ETH proponent. Evan for a while. I'm looking at
9:59
Speaker 1: my chart, and I'm thinking this is eerily similar back
10:03
Speaker 1: to what we saw in April with that push up
10:05
Speaker 1: to twenty four hundred, and you and I talked a
10:07
Speaker 1: lot about it back then. Is the dip opportunity that
10:11
Speaker 1: it was going to create, which it did, and now
10:13
Speaker 1: eth is bumping that breakout zone. What does ethereum look
10:17
Speaker 1: like right now in the next few months.
10:20
Speaker 7: So yeah, I mean obviously huge, you know, we coiled up,
10:23
Speaker 7: we jumped upward. The weekly two hundreds of a is
10:26
Speaker 7: going to be a huge point. This is a point
10:27
Speaker 7: a lot of people care about around twenty four eight
10:30
Speaker 7: six right now. So I would guess seasonality would tell
10:33
Speaker 7: us we come up just a little bit more this
10:35
Speaker 7: month and to the end of this month, probably we
10:37
Speaker 7: do get to that twenty five hundred, and then we
10:39
Speaker 7: would probably get hopefully and you kind of want a
10:41
Speaker 7: healthy correction here September October. You kind of want some
10:44
Speaker 7: type of healthy correction before midterms. Probably nothing too too bad.
10:47
Speaker 7: I would guess maybe fifteen twenty percent down, maybe another
10:51
Speaker 7: retested two thousand that I would guess for you know,
10:54
Speaker 7: into September October before midterms. I think if the especially
10:57
Speaker 7: if the Democrats sweep in midterms. That's going to be
11:00
Speaker 7: a good point to buy because there's gonna be a
11:01
Speaker 7: lot of fear if you did Democrats take the house
11:03
Speaker 7: and send it, and then from there after that you'd
11:06
Speaker 7: kind of be home free and hopefully you know, jump
11:08
Speaker 7: up to three thousand, maybe end a year, probably beginning
11:12
Speaker 7: a next year. Quarter one next year, I would look
11:14
Speaker 7: at kind of three thousand. So this is the most
11:16
Speaker 7: healthy you know, seasonality, historic prediction I can make here.
11:20
Speaker 7: I think this is likely.
11:22
Speaker 1: Okay, So a couple of points I want to get
11:24
Speaker 1: out first on the eighth versus bitcoin chart, so pull
11:27
Speaker 1: that up. And then also do you think we end
11:30
Speaker 1: up getting out of the range here on ethereum in general?
11:33
Speaker 1: I mean holding this twenty four hundred range, This is
11:35
Speaker 1: kind of the zone that I think if it comes
11:38
Speaker 1: out of this, this could start to look at a
11:41
Speaker 1: pretty aggressive growth going forward, if in fact that we
11:44
Speaker 1: get clarity and also we may get some CFTC guidance.
11:48
Speaker 1: Now it looks like with Seali out there threatening this,
11:52
Speaker 1: what do you think.
11:54
Speaker 7: Yeah, I mean I think that you're not going to
11:56
Speaker 7: break above it just yet. If I had to, you know,
11:59
Speaker 7: make an educated guest here not break above that twenty
12:01
Speaker 7: four hundred just yet. Obviously it would be momentous. It's
12:04
Speaker 7: a huge area with that weekly that same point you
12:06
Speaker 7: mentioned as the weekly two undress m a like I
12:07
Speaker 7: was talking about. So you rejected from it last time.
12:10
Speaker 7: I don't know if she's got the legs to break
12:12
Speaker 7: through it right now before now in midterms, because we
12:15
Speaker 7: know that's historically a more bearish time, and I think
12:18
Speaker 7: TRADFI will sell off a little bit more too. But
12:20
Speaker 7: I can see consolidation and then we're going to break
12:23
Speaker 7: above you know, maybe quarter four, well maybe December at
12:26
Speaker 7: the earliest, but most likely quarter one we break above
12:29
Speaker 7: that era. Now you mentioned eth versus bitcoin. I think
12:31
Speaker 7: there's a ton of momentum here and this is still
12:33
Speaker 7: a good deal. You know, this is I mean what
12:36
Speaker 7: we've led. We're still down sixty percent against bitcoin since
12:39
Speaker 7: twenty twenty two. Essentially you're getting rare bullish signs, rare
12:42
Speaker 7: bullish momentum changes. This looks great against bitcoin. I would
12:46
Speaker 7: remain bullish on this as long as you kind of
12:47
Speaker 7: hold these February lows here. So you know, everybody's got
12:51
Speaker 7: their own risk tolerance. It depends how much bitcoin you
12:53
Speaker 7: want to convert to eth. You know, everybody's got their
12:56
Speaker 7: own risk tolerance there.
12:57
Speaker 1: So yeah, Evan, we got to talk about micro Stray.
13:00
Speaker 1: They are up ten percent in pre market trading right
13:03
Speaker 1: now with bitcoin up considerably.
13:06
Speaker 2: It's holding edward and forty.
13:07
Speaker 1: Thousand, and bitcoin looks pretty good for Michael Saylor right now.
13:11
Speaker 2: What about strategy as the stock? Is this something you
13:14
Speaker 2: would invest in at where it is right now?
13:16
Speaker 7: So it looks good, man, it looks really good. You know,
13:19
Speaker 7: the two week all these the weekly rare bullish signs.
13:22
Speaker 7: It definitely could have bottomed. The main concern, the main
13:24
Speaker 7: thing I don't like about this from a fundamental standpoint
13:27
Speaker 7: is they sold some bitcoin for a loss. And if
13:30
Speaker 7: I myself just bought bitcoin and borrowed against it like
13:32
Speaker 7: he did, I could carrate my own treasury company that
13:35
Speaker 7: has better fundamentals that a better kind of buy in price,
13:38
Speaker 7: you know what I mean. So that's my main caveat
13:40
Speaker 7: with this. But it looks great, man, it does look
13:43
Speaker 7: really good. The main thing you want to look at
13:44
Speaker 7: this is micro strategy versus Bitcoin, and that looks decent
13:48
Speaker 7: as well. I mean, it's you know, coming up, you
13:51
Speaker 7: know at these areas. The thing too, is I want
13:54
Speaker 7: to see a little bit more momentum. It's still below
13:57
Speaker 7: these points, still below these lows that you saw back
13:59
Speaker 7: in February, and it kind of rejected from them here.
14:02
Speaker 7: I don't think it has the momentum for me to
14:04
Speaker 7: want to buy this over bitcoin or sell my bitcoin
14:06
Speaker 7: to buy micro strategy just yet. So that's my big
14:10
Speaker 7: all right.
14:10
Speaker 1: So still the core asset versus micro strategy in general.
14:15
Speaker 1: All right, another one that surged a course, everything was
14:18
Speaker 1: in the green yesterday and the day before, but right
14:20
Speaker 1: now you've got hyper liquid surging to almost well, it's
14:23
Speaker 1: back to another all time high. And you look at
14:26
Speaker 1: this right now with hyper Liquid, I've been in this
14:30
Speaker 1: one for a while. I'm this is the first time
14:32
Speaker 1: I've actually thought maybe it's time or is it?
14:35
Speaker 2: Evan? Is this one?
14:36
Speaker 1: And do you think if the CFTC were to get
14:38
Speaker 1: lucky and try to onshore hyper Liquid that would absolutely
14:41
Speaker 1: explode this one In terms of a project, What do
14:45
Speaker 1: you think about this as an investment right now?
14:47
Speaker 7: Well, I think it's going to do well over the
14:49
Speaker 7: next two three years. I think this is kind of
14:52
Speaker 7: I don't want to say, just the beginning, but I
14:53
Speaker 7: think there's more to go definitely. I mean I think
14:55
Speaker 7: this you think could easily probably double within the next
14:58
Speaker 7: two three years. Short term, I mean, you have one
15:01
Speaker 7: technical target that you kind of broke above it. You
15:03
Speaker 7: made a new ultime higher one technical target is going
15:05
Speaker 7: to be around one o nine. Somewhere between one hundred
15:07
Speaker 7: to one thirty is probably where you're going to end
15:10
Speaker 7: up by quarter one and next year. Now, my thing
15:13
Speaker 7: with this, if I had a guess here, I think
15:14
Speaker 7: we're going to have one last kind of drop down
15:17
Speaker 7: retest maybe some of these areas, and then you know,
15:20
Speaker 7: kind of continue forward. So that's my view. But no,
15:23
Speaker 7: I think this is I think this is good. I
15:25
Speaker 7: think this can continue forward. You know, it's a riskier bet.
15:28
Speaker 7: I think I have a small position in it, nothing
15:30
Speaker 7: too crazy, but I wouldn't sell I definitely wouldn't sell this.
15:33
Speaker 2: Okay, so hold through on this one.
15:36
Speaker 1: Let's look at unicewap because unicewap is one that has
15:40
Speaker 1: been I think under the radar. You look at what's
15:44
Speaker 1: going on with clarity or the lack of UNIEWAP could
15:47
Speaker 1: take a little bit of heat from that. But at
15:49
Speaker 1: the same time, we may get a whole new landscape
15:53
Speaker 1: of how the CFTC and the SEC are going to
15:55
Speaker 1: manage this. So if you're looking at the uniewap chart
15:58
Speaker 1: right now, first of all, how are you playing uniswap today?
16:02
Speaker 1: And if you have not owned uni swap, would you
16:05
Speaker 1: purchase it right now at four dollars?
16:08
Speaker 7: Yeah? I mean I don't have a position in this.
16:10
Speaker 7: I just have a lot of things that have more
16:12
Speaker 7: momentum and you know, I think could potentially uperform it,
16:14
Speaker 7: but I don't have it. If I wanted to get it, Yeah,
16:17
Speaker 7: I think it's a decent buy. I mean I wouldn't
16:19
Speaker 7: put a ton in this for obvious reasons. But trigger
16:22
Speaker 7: wave right here on the two day, I think inevitably
16:25
Speaker 7: you're going to eventually jumped up to at least like,
16:27
Speaker 7: you know, five sixty here, you know these points, I
16:30
Speaker 7: think there's a very high likelihood, you know, I mean,
16:33
Speaker 7: this thing's been in a bear market for you know,
16:35
Speaker 7: the problem with this is it's been in a bear
16:37
Speaker 7: market since literally twenty twenty one. Usually the things don't
16:41
Speaker 7: come back when they've been in a five year bear market,
16:43
Speaker 7: but that doesn't mean you can't make money on them
16:45
Speaker 7: or trade them. So this definitely technical targets are going
16:49
Speaker 7: to be you know, it's probably at least going to
16:50
Speaker 7: get to six seven dollars at some point. So yeah,
16:53
Speaker 7: I think it's good. The fundamentals have gotten a little
16:55
Speaker 7: bit better on this. It's a very high time higher
16:57
Speaker 7: time frames like the weekly don't look as good as
16:59
Speaker 7: on some other things, so you kind of got to
17:00
Speaker 7: be careful. I would guess if I had really guess
17:03
Speaker 7: what's going to happen here something of this nature, and
17:06
Speaker 7: then you finally break up ward maybe later this year
17:08
Speaker 7: or early next year. I think we're in a consolidate
17:10
Speaker 7: a little bit for a lot of these.
17:12
Speaker 1: So yeah, let's jump over to Solana because Solana had
17:15
Speaker 1: a huge upgrade right here in terms of their network
17:18
Speaker 1: now almost cutting in half what their speed is. So
17:22
Speaker 1: in terms of three more upgrades that are planned to
17:24
Speaker 1: bring bring it down to two hundred millisex, basically this
17:27
Speaker 1: is going to become the fastest chain out there. So
17:29
Speaker 1: how does Solana line up for you? As would this
17:33
Speaker 1: be an investment as it is right now after this
17:35
Speaker 1: major pump?
17:37
Speaker 7: Yeah, yeah, I mean this is still a great and
17:38
Speaker 7: it's not even I mean, it's awful lot, but it's
17:40
Speaker 7: still you know, below numbers that we saw in May, essentially,
17:43
Speaker 7: and I think this should between now and the end
17:45
Speaker 7: of the month retest or at least get up to yeah,
17:48
Speaker 7: one hundred bucks potentially retest that, and I would think
17:51
Speaker 7: some consolidation there a bit, maybe a ten to twenty
17:53
Speaker 7: percent correction from there, and then we'd probably do better,
17:56
Speaker 7: you know ethan bitcoin already, Ran, I think this has
17:59
Speaker 7: a little bit more room to run and pray over
18:00
Speaker 7: the next week actually, so I'm pretty excited for this
18:03
Speaker 7: next week. So yeah, it's good, it's good.
18:05
Speaker 2: A little bit more dicey, okay, so you're liking that. One.
18:09
Speaker 2: We have to talk about XRP.
18:10
Speaker 1: They have now cleared clear Pool and Cicada in terms
18:14
Speaker 1: of now institutional capital of funneling into earning assets or
18:18
Speaker 1: earning potential yields. So this is going to change the
18:22
Speaker 1: way XRP institutional works as well as XRP. You know,
18:27
Speaker 1: retail is working around putting their assets into defise. So
18:30
Speaker 1: with that being the case, ripple a course in XRP.
18:33
Speaker 1: XRP absolutely on fire. I think, up forty percent in
18:37
Speaker 1: the last three or four days. So how would you
18:39
Speaker 1: play XRP right now, setting around one forty.
18:42
Speaker 7: XRP is one of the craziest things I've seen in
18:46
Speaker 7: my entire life. My god, this thing just goes insane.
18:49
Speaker 7: I mean right now, I think you will see some consultant,
18:52
Speaker 7: I mean long term, I think it's a decent buy.
18:53
Speaker 7: There's major momentum ships obviously happening when you get a
18:57
Speaker 7: you know, forty percent jump. This thing's crazy. But I
18:59
Speaker 7: would I guess something you'd priably see something like this.
19:01
Speaker 7: You maybe could see a retest a one twenty or
19:03
Speaker 7: something between now and midterms. But I generally think this
19:07
Speaker 7: is going to be going into up into the right
19:09
Speaker 7: over the next two years, two three years. So I
19:11
Speaker 7: think it's a pretty good bye. You know, that could
19:13
Speaker 7: have been the bottom against bitcoin here in the bottom
19:15
Speaker 7: of its USD pair. So I think what would you
19:18
Speaker 7: put Where.
19:19
Speaker 1: Would you put these three assets right now? If you
19:22
Speaker 1: were splitting up a ten k portfolio, Ethereum, Solana, XRP.
19:28
Speaker 1: So those are the top three tokens outside of bitcoin,
19:30
Speaker 1: where would you how would you split that up?
19:33
Speaker 7: Yeah, it depends on your restlerance. I mean me personally,
19:35
Speaker 7: for what I would do, I would probably go like
19:37
Speaker 7: sixty percent sixty percent eth obviously, and then twenty percent
19:41
Speaker 7: sold twenty pp. I think that would make the most sense.
19:45
Speaker 1: I kind of split those up all together, just thirty
19:47
Speaker 1: three thirty three thirty Yeah, run them all and just
19:50
Speaker 1: see how they how they perform. Uh, let's talk about
19:54
Speaker 1: a strategy if you missed it, because this is a
19:57
Speaker 1: this is a real issue that a lot of people
19:59
Speaker 1: are kind of kicking themselves right now, going, man, why
20:02
Speaker 1: did I sell that low?
20:03
Speaker 2: Why did I, you know, maybe give up on the market.
20:06
Speaker 1: You've got people out there that say, well, okay, I
20:08
Speaker 1: could go ahead with revenge shorts, or I don't do
20:11
Speaker 1: an oversize, buy all of those kind of things, which
20:15
Speaker 1: I would do none of those. How would you play
20:18
Speaker 1: it right now? What would you do if I had
20:22
Speaker 1: no money was on the sidelines?
20:25
Speaker 7: Yeah, if I had nothing at all right now, I
20:27
Speaker 7: would DCA from now till mid terms. Probably DCA from
20:31
Speaker 7: now till end of the year probably makes the most sense.
20:34
Speaker 7: I you know, I think the the odds are very
20:36
Speaker 7: high that you would see at least a ten to
20:38
Speaker 7: twenty percent you know from bitcoin between now and midterms.
20:42
Speaker 7: So I would try to DCA to at least get
20:44
Speaker 7: some exposure to that somewhat of that correction. Buying lump
20:48
Speaker 7: sum right now probably isn't the worst idea in the
20:50
Speaker 7: entire world, because you're still below eighty k. It's still
20:53
Speaker 7: not You're still significant below all time highs, you know
20:55
Speaker 7: what I mean. And you're still significantly depressed against your
20:58
Speaker 7: S and P five hundred against your NASDA, So it's
21:01
Speaker 7: still a very good deal. I would, you know, try
21:03
Speaker 7: to be strategic in DCA though.
21:05
Speaker 1: Out of the top ten right now, Evan, which one
21:08
Speaker 1: would you say is the best buy right now? If
21:12
Speaker 1: you look at the top ten, I'll just go over
21:14
Speaker 1: to coin market cap, Bitcoin setting in there right now
21:17
Speaker 1: at seventy seven five. You've got Ethereum holding at twenty
21:20
Speaker 1: four and some change. Then you've got B and B
21:23
Speaker 1: at six eighty XRP of dollars forty Solana, Tron, hyper Liquid,
21:29
Speaker 1: and then dose z cash and chain Link. Which one
21:33
Speaker 1: of those would be your best buy right now if
21:35
Speaker 1: you said, hey, I'm going to go ahead and deploy
21:36
Speaker 1: a little capital into one of.
21:37
Speaker 7: These, probably hyper if you're just trying to get the
21:41
Speaker 7: best bang for your buck out of all that, probably
21:44
Speaker 7: hyper Liquid, I would guess I would say, if you're
21:48
Speaker 7: trying to be you know, if you just want a
21:49
Speaker 7: sure thing at potentially outperforming Bitcoin and just getting a
21:53
Speaker 7: decent return, Ethereum would be the one. The other ones,
21:56
Speaker 7: I mean, Shane Link has some potential there, but the
21:58
Speaker 7: other ones are dice Man, dosee Coin, I mean, Cardano,
22:03
Speaker 7: some of these are dicey here.
22:04
Speaker 1: Well, chain Link up thirty percent in the last week,
22:06
Speaker 1: You've got high put up thirty six xrp s still
22:10
Speaker 1: holding the Titan position at forty percent in the last week,
22:14
Speaker 1: and then twenty three and twenty eight on ETH. Would
22:18
Speaker 1: you go ahead and deploy more capital into ETH right
22:20
Speaker 1: now at twenty four hundred.
22:22
Speaker 7: You know, I would DCA. I think the odds are
22:25
Speaker 7: very high that you'll see it maybe a twenty percent
22:27
Speaker 7: correction between now and mid terms, So I think, okay, yeah,
22:30
Speaker 7: you know, I mean, you're you're very high likelihood that
22:33
Speaker 7: you'll see at least ten percent between now and mid terms.
22:35
Speaker 1: So you could you could straddle orders in at you know,
22:39
Speaker 1: a five under or a ten percent under this for
22:42
Speaker 1: a buye look at a DCA position, do that on
22:45
Speaker 1: a handful of these, and then look at deploying more
22:47
Speaker 1: capital when that happens based on what could be happening
22:51
Speaker 1: in the market at that time, because there's a lot
22:53
Speaker 1: that is going to be going on, obviously with d
22:55
Speaker 1: C and even with the news out on the CFTC today,
22:59
Speaker 1: so there's going to be some I think, more market
23:01
Speaker 1: movement in the short term bullish bearish? Do you think
23:05
Speaker 1: in short term? I know your long term bullish, but
23:08
Speaker 1: what about short term? Next thirty days?
23:10
Speaker 7: Next thirty days, I mean, seasonality would tell you will
23:13
Speaker 7: see some type of correction in September or October. Usually
23:16
Speaker 7: September is historically about a bad month. So next thirty days,
23:20
Speaker 7: I would next seven days bullish, next for it, next
23:24
Speaker 7: thirty days after that seven days would be probably if
23:28
Speaker 7: I had a really guess, would be a bit bearish,
23:30
Speaker 7: maybe a trop.
23:33
Speaker 2: So in and out on the market.
23:34
Speaker 1: There for you guys, make sure and visit Evanaldo over
23:37
Speaker 1: on YouTube. You guys can find them just at evan
23:39
Speaker 1: Aldo very easy to do. Does a ton of trading
23:42
Speaker 1: videos and some live streams that you guys will have
23:45
Speaker 1: some fun at. If you haven't done trading before. This
23:47
Speaker 1: is a good place to go. Evan, thanks for coming
23:49
Speaker 1: in today.
23:49
Speaker 2: We appreciate it.
23:50
Speaker 7: Thanks so much Paul, who's not here talking to you.
23:59
Speaker 1: If you like this DEO, hit like and subscribe, drop
24:01
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