Latest / The Paul Barron Crypto Show / Crypto Outlook Technical Analysis w/ InvestingBroz
Transcript
- 0:07Let's get into the weekend outlook, we'll take a look at a whole slew
- 0:10of tokens, everything from ethereum bitcoin, we'll break down the AI tokens for
- 0:15you. What does the market look like going into the weekend and possibly through
- 0:19the month of June. You guys are gonna love it. My name is
- 0:22Paul Barrow, Welcome back in a tech path. Joining me today, of
- 0:24course, is mister Tim Warren coming in from Investing Bros. Great to see
- 0:28you Beck here on the show. Absolutely, it's great to be Beck,
- 0:31Paul. Yeah. A couple of things happening right now. We've got a
- 0:35little bit of a movement in the macro. Denmark goes in cuts rates by
- 0:40a quarter down to three point three five now, and this of course followed
- 0:44Canada and the EU. Man are we setting up for a rate cut?
- 0:49Do you see? Do you feel something in the wind here? Tim?
- 0:52Do you think we're gonna see one? You know, I have a lot
- 0:55of different connections and people that I trust a lot who can continue to say
- 1:00the markets should not see a rate cut, We shouldn't have one for at
- 1:03least six months. But when I look at the FED tool, do you
- 1:07ever watch the futures fed tool. Yep, yeah that when I'm looking.
- 1:11I'll share my screen here and kind of walk people through it. If you
- 1:15look here June, we're definitely not looking at a rate cut. July you
- 1:19start to see some people predicting a bit overwhelmingly, we're staying the same September.
- 1:23This morning, this was over fifty percent. So we are seeing a
- 1:26shift in saying, hey, September might not happen, but still at this
- 1:30point, the markets are priced, the markets look to expect a November rate
- 1:37cut, and then still a decent chance for December. And I told people
- 1:41on my channel, I went live this morning kind of covering some of those
- 1:44details, and I said, you know what, we can predict whether it
- 1:47happens or not, but ultimately it doesn't matter as much if it happens.
- 1:51It matters as if people think it'll happen. Because if we think one comes
- 1:56in September November, we should see bullish price action. We should see it,
- 2:00and then as you get closer, if something changes, then price will
- 2:04drop because we're not going to see a rate cut anymore. But right now,
- 2:07I think that we cooled off a little this morning after those job numbers.
- 2:09I don't know over're and talk about that. There's some details about that
- 2:12are a little fishy, but I still think a lot of people are expecting
- 2:16at least one cut before the end of twenty twenty four. Well, the
- 2:20job numbers to the point you're getting at, I think we still see a
- 2:23lot of manipulation around the job numbers because when you look at the core the
- 2:28core jobs, and we know what kind of the situation is right now economically
- 2:31with a lot of the major major industries, especially the restaurant industry, which
- 2:36is one of the biggest job contributors to those numbers, that one is a
- 2:39factor. I'm still I think the data point we have to see, which
- 2:44is always the case, is going to be the inflation number. Once we
- 2:46see CPI next week, that will give us some insight. However, with
- 2:50what you're talking about in a possibly Q four rate cut, if we do
- 2:54get a one, which I believe is going to be the case, is
- 2:58if we get one, it's going to be one rate cut. But Biffinex
- 3:00analysts came in and said bitcoin's bull market top could occur around Q four this
- 3:06year. What is your thought right now on bitcoin? Do you feel like
- 3:09that is the case with a Q four top for bitcoin. There's a lot
- 3:15of factors that will go in, but at this point, I'm not predicting
- 3:17that to be the case. I think, you know, without getting too
- 3:22much into the weeds, I think the election season that comes up in quarter
- 3:24four of twenty twenty four, we'll say a lot about that. I think
- 3:28continually watching the inflows and outflows of the ets, it's going to be interesting.
- 3:32But it's just weird that we're setting some record numbers for inflows despite being
- 3:37at seventy thousand. We're matching some of the inflows we saw back around fifty
- 3:42thousand. So that's a pretty bullish sign. And again I think, I
- 3:46don't know if you covered this on your show already, but that news we
- 3:49got from Robinhood yesterday acquiring bitstamp and kind of they're saying crypto's the future.
- 3:57I'm actually wondering now, Paul. I'm not key on this idea yet.
- 4:00I'm not putting all my eggs in this basket, but I'm wondering, are
- 4:02we seeing some of the things developed that could lead to a supercycle, mean
- 4:08the end of the four year cycle not ending early? Yeah, but not
- 4:12at all rally. Yeah. Yeah, Let's take a look at the chart
- 4:15real quick. Where do you like bitcoin right now? Is this an uptrend
- 4:19over the weekend and into June or is this a flat? Yeah? Good
- 4:25question. You know, if we had been able let's see, hit the
- 4:28wrong button there, if we had been able to get maybe more favorable job
- 4:31numbers, I think there's a good chance that the price goes further to the
- 4:35upside. I had a target on my chart that I was watching for multiple
- 4:40reasons actually around seventy five thousand. One of those was we just broke out
- 4:45here more recently out of this symmetrical triangle pattern that gives us a breakout potential
- 4:49somewhere here just north of seventy five thousand. But also if you come over
- 4:55here, yes, you see a little bit of a channel right here.
- 4:59But if I go and get rid of this channel, which I easily can
- 5:01do, there's also a little bit of a head and shoulders pattern in play
- 5:04here where we have a neckline stretching out across. And if you take the
- 5:08breakout of the bottom of that head to that neckline and move it over this
- 5:12also was looking to call for somewhere right there around seventy five thousand. So
- 5:16a lot of people have been talking about the eighty thousand dollars level, and
- 5:18it is something I'm watching. But to me, I thought the next step
- 5:23for bitcoin for multiple reasons was closer to seventy five k. If I'm looking
- 5:28at bitcoin on the small timeframe like the ten minute chart, yeah, people
- 5:31probably woke up this morning if they looked at it like this. That's not
- 5:34the greatest looking chart on a ten minute We'll say, though, what you
- 5:38do see here, and I'm just now seeing this because I'm checking as I'm
- 5:42live with you. We do have a little bit of a falling wedge in
- 5:45play here to keep an eye on. That usually breaks to the upside when
- 5:48I come to the larger timeframes though, like the four hour chart, and
- 5:51I turn on the luxe AGU oscillators. Right here, this bright yellow box
- 5:56in play, that is what we call a breaker block, meaning we set
- 6:00some resistance way back in May, and this was a strong level of heavy
- 6:04liquidity, meaning a lot of people when we price got back up this range
- 6:09wanted to sell. You can see we had one rejection here on May thirtieth,
- 6:12another rejection here on June third, but then when we broke through it,
- 6:15what happens is this liquidity because there were still people willing to sell,
- 6:19those sellers just became strong buyers. And you also can see it that yellow
- 6:24block goes away if I get rid of it. I think with this one,
- 6:27you also have what is called the smart trail, or a ranging moving
- 6:30average of support in play that comes in right in that same level. So
- 6:34I've told my audience I'm not guaranteeing we get back down to seventy thousand,
- 6:39but seventy thousand is still a very strong level of support, and until we
- 6:44lose that level, I still am going to rain bullish about Bitcoin's price action.
- 6:48And again I was looking at the smaller time frames. Again, I'm
- 6:50going to watch this tightly the rest of the day, this falling wedge pattern.
- 6:55The other thing I'll watch is the oscillator. I think the oscillators are
- 6:59not yet oweing us on the four hour chart that we're ready to explode.
- 7:01But you do see stochastics. He's overextended. We're bouncing on the fifty on
- 7:06the RSI and then over here, well, the money flow is kind of
- 7:10keeling sideways. There's not a lot happening on that osclator, but the daily
- 7:13chart is showing, hey, this ismentum we're in sarcastics might have a small
- 7:17reversal, but our osclator here still shows positive money flow, positive momentum.
- 7:23So I'm I'm kind of in a mix right here. There's still a chance
- 7:28that we reject if you were to look at the daily chart. I told
- 7:30my audience we got to get above this seventy two thousand dollars order block right
- 7:35here, and we have not done that yet. But there still are a
- 7:39lot of positive signs out there. And if you look in I know we
- 7:42kind of mentioned it a second ago. If you look into the details of
- 7:45the job report, I do wonder how long before those details become more common
- 7:51thought and people realize, oh, those job reports are really not as good
- 7:56as we thought. This is even more reason to take my money out of
- 8:00that fleeting dollar and put into something more stable like bitcoin. Let's take a
- 8:03look at ETH launch dates, especially if you look at the ETFs. Depends
- 8:09really on the issuers a bit here. A couple of points they make here
- 8:13as the SEC approved in the eight nineteen nineteen four before filings, but they
- 8:18can't start trading until they have the s once. So we already know that
- 8:22these register now are registents are self motivated to be responsive to the comments they
- 8:26get, but it's really up to them on how responsive they are. So
- 8:30it's not necessarily into against ours hands, but it does kind of push it
- 8:35into do you think we get the s ones completed and ready to go or
- 8:39do you think these asset managers might kind of drag their feet a little bit
- 8:43before we see an ETHTF go live. Yeah, that's a good question.
- 8:48You know, it's been so up and down what they're doing with that.
- 8:52I mean, at one moment it feels like he's just staunchly gary against that
- 8:54is staunchly against it, refusing to let it happen. And then you have
- 8:58some chaining of guards at CEO positions and very important companies, and all of
- 9:03a sudden they're back to being pro etherem metfs. I have my questions about
- 9:07the fishness on that end, but I'm going to lean towards being positive and
- 9:13say I think that the s ones happened on schedule. I think that there's
- 9:16a lot of bullish price action in play. If I show you the charts
- 9:20there's something very bullish on the ethereum charts in play right now. Let me
- 9:22say that could give us the price that I'm watching that could be interesting within
- 9:26the next couple of weeks. Keep an eye around four eight hundred, not
- 9:31quite a five thousand just yet, although I'm not ruling that out. I'm
- 9:33just I'm looking at at a target right there a bit. And the reason
- 9:37the reason why look at this explosive price action, I'm actually being conservative starting
- 9:41this around three thousand dollars on May twentieth. Some people would actually start this
- 9:46little line all the way down here at twenty eight hundred back on May fourteenth.
- 9:52But what you have here a symmetrical triangle pattern on the end of a
- 9:56very vertical price prediction breakout. The more aggressive prediction actually puts us above thigh
- 10:03five thousand, putting us new all time hives highs around fifty two hundred.
- 10:07Again, I told you I'm gonna kind of stick to a little bit more
- 10:11of a conservative estimate. I'm gonna go with the bottom being right here,
- 10:13and that's what gives us a price breakout up to about forty eight hundred,
- 10:18just south of five thousand, And of course, putting us right there around
- 10:22former all time high, and you can see right now Ethereum's wrestling. If
- 10:26I were to come down the lower time frames, it's wrestling right now.
- 10:30It's actually right below it, but wrestling with a level of support. However,
- 10:33if I pull up other things, you're gonna see a lot of support.
- 10:35Right in this area, we are seeing a signal cup. It just
- 10:39went away, so not a big deal right now, a strong order block
- 10:41and that the smart trail again, that cloud of a very strong moving average
- 10:46support level. I still think even ethereum drops here to about thirty seven hundred,
- 10:52it's still in this triangle. A wik is not a big deal to
- 10:54me. I'm keeping my eyes peeled for that big move to the upside.
- 11:00And there's there's just a lot of reasons I think the ETFs are just the
- 11:01beginning case for why you should be bullish on ethereum right There's a lot of
- 11:07reasons to be bullish on that class right now, and I'm not going to
- 11:11go into all those details. I'm just going to say, Ethereum, the
- 11:13chart looks good. The ETFs should be coming very very soon. Hold you
- 11:18hoddle those Ethereum bags everybody. Yeah, well, for sure, I'm looking
- 11:22at a little bit longer timeframe. I was looking at this article right here.
- 11:26This is a price prediction coming in. They upgraded this announced for a
- 11:31Q one of next year though, around an eight ten k price, which
- 11:35that would fit into the cycles if we in fact do see some movements here.
- 11:39I'm kind of here's kind of an analysis. You look at what's happening
- 11:43with Bitcoin, You've got Solana potentially on the move as well, maybe this
- 11:48fall in summer. Remember, breakpoint is going to be happening. We're going
- 11:50to see a lot of new advancements there, and you also have the situation
- 11:56with Ethereum coming in. So here's here's an example. I give you a
- 12:00ten k today, You're going to trade one of those three tokens and you
- 12:05can sell you know, you trade it within a six month range. Which
- 12:07one would you put the ten k into? Bitcoin eighth or Solana? I
- 12:11mean, you're gonna find the most room in Solana. Not saying how long
- 12:16have I trade it for? I try six months? You have six months,
- 12:20so I'm gonna pretty much be taking to December. Yeah, you know,
- 12:24so Solana is going to do well, and if you had told me,
- 12:26If you told me more like eight to twelve months, I'm going with
- 12:30Solana. Since you're saying just six, I think I think we're still in
- 12:35bitcoin season. I think very soon, maybe in the next month or two,
- 12:39we're gonna start seeing Ethereum outpace, and Ethereum has a good amount of
- 12:43time that it's going to probably run the market, and the all coins will
- 12:46come later. I think the all coin season does start late in twenty twenty
- 12:50four. But I'm wondering if the pump that Ethereum can get in there just
- 12:54still has as a better option than Solana over the next six months. So
- 12:58I might go with Ethereum of those three, But again, if you're eight
- 13:01to twelve, I think Solana is the clear winner on those all Right,
- 13:05eight to twelve on Salona, well, okay, I'll love that caveat come
- 13:07in. I'll jump to this topic on Salona, and then we'll take a
- 13:11look at the chart. US elections now potentially a variable, huge variable for
- 13:15Solana ETF. Now an ETF coming in on SOEOUL would be significant. So
- 13:20remember we had Gensler admitted that it'll take time until each's get launched, but
- 13:24most likely it's going to happen in the next couple of months already, and
- 13:28then everybody's talking about what could be next. And one of the things is
- 13:31unlikely that the approval of Etho result in a large wave of approvals. That's
- 13:35the question mark. But you got a few people saying, hey, maybe
- 13:39there is an opportunity some some headphones and wealth Manager say they have said they're
- 13:43all coin holdings now are positioning into Seoul. You know what that means,
- 13:48We're going to start seeing some coil up in potential wealth management going into a
- 13:52soul. So if you look at the chart right now, do you feel
- 13:56like Solona's asleep at the wheel during you know, on Chaine summer with what's
- 14:01happening over with base, Oh, sleep at the wheel. I don't know
- 14:05if I'm going to compare it to other things here, I'll just kind of
- 14:07take a look at Solana. I'm big on Solana. I have told people
- 14:13don't expect Solana to mimic the exact same explosive patterns and just blow everything out
- 14:18oude of the water. There's gonna be other all coins beneath it that have
- 14:22better gains. But what I'm looking at right now after dropping below. And
- 14:26these were levels that I called months ago, even when we were up here
- 14:30closer two hundred, I told people, hey, do not be surprised to
- 14:33see a price action come all the way down below one twenty. Sure enough,
- 14:37that's exactly what we did. But then on the upside, I said,
- 14:39hey, look for bounce back here when we can clear one sixty,
- 14:43that could serve as some good support. And exactly that's exactly what happened right
- 14:46here. We use this support back here in March, we use it as
- 14:50resistance here between April and early May, and now we've tested twice as support
- 14:56already here late May, early June. We head back down to that level,
- 15:01yes we could, but this is going to continue to be some strong
- 15:03support right in this area. Definitely, if I were to come to the
- 15:07four hour chart, for sure. So I'm not necessarily worried about Solana until
- 15:11we start to lose one sixty. If one sixty is lost, I'll have
- 15:16to reevaluate. You can clearly see here on the order blocks one forty comes
- 15:20back into the equation. It's not bullish right now, I'll tell you that.
- 15:22I mean, if you're looking at saying, hey, if I buy
- 15:26Solana today, we'll just take off. Well, I'm not necessarily seeing those
- 15:30signs based off the four hour chart, but when I come to the longer
- 15:33timeframes, I still see a lot of positive. Let's actually even go out
- 15:37to the weekly chart. Let's see what's happy on the weekly chart. A
- 15:39very strong breaker block here on one forty, So again, could we fall
- 15:41to one forty? We could, But look at a weekly chart, stochastics
- 15:46is over sending to the downside. The RSI cool off a very healthy amounts.
- 15:50While we still have negative money flow here, we have positive momentum on
- 15:54the weekly chart, which means this money flow should keel over and go positive.
- 15:58And with us recently having a revversal dot right there, I don't know
- 16:00if people can see it, but it's a green dot. If we can
- 16:03get that money flow to go positive on the weekly chart, the game the
- 16:07wheels are back on for Solana and the potential to have a big move.
- 16:10The upside is back in play. UNIEWAP on the move this week, we
- 16:15saw a lot happening. When you look at UNISWAP right now and understand just
- 16:19the movement with on Chaine summer, with what we're going to see potentially in
- 16:23some other aspects of how growth could happen with uniewap. Do you like this
- 16:29token? You know, I go in and out on uniswap. I did
- 16:32have a very big trade on it here over the last little bit. If
- 16:37I share my screen, we caught the we caught this wave right here.
- 16:41We entered on the breakout here in the Investing Bros. Group and we caught
- 16:44this wave that rode up. I think we took profits somewhere closer on twelve
- 16:48eighty eight area. We didn't catch all of it. You know, uniswap
- 16:51is one that I think obviously it's going to be in play. I've made
- 16:53a prediction though a while back, and I need to go back and evaluate
- 16:57some stuff, but I made a prediction that I think that by the end
- 17:02of this bull market we could see Jupiter. Oh there's a trade right in
- 17:06there. I need to update and check out. I'm not gonna be surprised
- 17:08if Jupiter starts to wrestle to take some dominance away from uniswap going forward.
- 17:17I just think that what it does, what Jupiter has done being on Solana,
- 17:21Salana being a hot coin as well, I think it's inevitable that Jupiter
- 17:23will eventually branch off and do its own thing. The charts don't really explain
- 17:26what I'm kind of getting at right here, though, I think that it's
- 17:30not a crazy expectation to see Jupiter pass UNISWAP. So I'm not going to
- 17:33say I'm a Uniswap bear. I'm just not necessarily the biggest Uniswap optimist.
- 17:38I think there's other things out there that could take over, and we all
- 17:41know and those who've been in the crypto space for a while, Uni swap
- 17:45will come in and out of favor with the crypto space. They'll make moves
- 17:48that make you fall back in love with them, and then they'll do some
- 17:51things that make you scratch your head and say, are you even a fan
- 17:53of the decentralized world of crypto? So that's what to me opens up the
- 17:57door for someone else to come in and take that position. I think Jupiter
- 18:02and the team that they have and the things that they're doing, they're the
- 18:06right one to kind of say, Hey, if someone's going to take up
- 18:07that mantle, Jupiter is the one to do it. Let's talk a little
- 18:10bit about AI, because that's a handful of tones. We've got Apple coming
- 18:14in with their Worldwide Developers Conference next week. We could see a revamped SIRE
- 18:18along with other scenarios that would only increase the potential, especially if we get
- 18:23a new OS for iPhone, iPad, Mac, which is going to open
- 18:26up some opportunities for octane X Render and what that might look like. Do
- 18:32you like Render right now? As what would be your top AI play?
- 18:34Would you go, pal, render, Akash? Where would you fall on
- 18:38these? Yeah? I'm a Render guy and I am growing very much into
- 18:44a near guy as well. Okay, and I'm excited to watch what ASI
- 18:48does. I think we're what a week away from that merge between ajix,
- 18:53FET and Ocean. But Render is the one that I select, And I
- 18:57say, you know what, I'm excited about what it's done already, the
- 19:00momentum it'sad already, the relationship that it has within video is a very very
- 19:07powerful thing. And there's a lot of AI tokens that in video likes.
- 19:10But I don't know, I mean, maybe you just agree to me.
- 19:12I watched and I feel like if in Vidia had an ALC coin that they
- 19:17were going to bend, it'd be Rendered XRP, big news for them,
- 19:22continued Wins. We're going to see a stable coin for XRP. We've got
- 19:27you know, THEIRS summit coming up here this summer. Matter of fact,
- 19:30it's just around the corner. What are your thoughts on XRP as a whole?
- 19:34Do you like it coming in? So? I have a complicated he
- 19:40Actually I have a complicated relationship with XRP. I want people to know I
- 19:45am not anti XRP. I used to be A long time ago. I
- 19:48was one of the people who was like, oh, XRP is that banker
- 19:51coin. But I opened my understanding. I listened to people disagree with me,
- 19:56and I changed my mind. I think that XRP was is a very
- 19:57good token. I think there are some things that are in play that are
- 20:02heavy competition to it, meaning other all coins, like for example, one
- 20:06of the reasons I'm very bullish on shame Link is I think Shamelink has stolen
- 20:10a lot of thunder that a couple of years ago we would have given to
- 20:12XRP. But the relationships to chain Link's building, I think that's a little
- 20:17bit stealing from XRP. The other thing is, I know they've announced that
- 20:21they're not gonna do it yet, But the keyword there is yet. What
- 20:26happens if Ripple goes public and all of a sudden they have a stock all
- 20:30of a sudden. I mean, I think that that might take some money
- 20:33away from the token to go into the stock. And if Ripple is sitting
- 20:37here as a company there, if they become a publicly traded company and they
- 20:40have a stock, they're gonna be much more concerned about making sure those numbers
- 20:45are right than the XRP coin. And then you have the you just announced
- 20:49the stable coin, and I'm curious, I'm interested to hear if this is
- 20:52if there's an argument to say it's bullish. I even listen to very pro
- 20:56XRP analysts, people who love XRP, say this stable coin, it a
- 21:02little bit hurts the use case of the actual XRP token. And when you
- 21:07come here and you look at the charts, you know it's a joke and
- 21:10it's you know, we're not it's not a stable coin. But the joke
- 21:12is that XRP is a stable coin right now. I mean, ever since
- 21:15back here early April, we really have just kind of hovered here around fifty
- 21:19one to fifty two cents, it will break out. For anyone who wants
- 21:23to know about the bullish side of XRP, I've been tracking this, guys.
- 21:26We've been a long, long term symmetrical triangle pattern all the way back
- 21:30to March of twenty twenty. Guess what that was, COVID very big breakout.
- 21:34I think that we have a breakout, and I'm looking right now at
- 21:37the market going a little higher than this, But this breakout takes us just
- 21:41to about five fifty I think we could clear six dollars on XRP. I
- 21:45still think there's a very strong XRP army. I don't think shang Link and
- 21:49others will completely wipe out the use case for XRP, but I would be
- 21:53lying if I said I didn't have questions moving forward on things that I don't
- 21:59feel like XRP capitalized on and they allowed others to come in and maybe steal
- 22:03some of their thunder. I think it's not impossible for XRP to have a
- 22:07big, big day and be the number one coin for banks again. But
- 22:11right now I think they're losing the battle against chain Link. For the future,
- 22:15well, the key, I guess the argument there I think would be
- 22:18stable coin integration is going to I think add to the validity of what Ripple
- 22:22is doing as a whole. Now, the IPO argument, there's some argument
- 22:26there, but at the same time you've got the opportunity here where the token
- 22:30becomes such a utility component that it could raise a lot more awareness around XRP.
- 22:37It could flip the script and where it's more popular because of the fact
- 22:41that there's an IPO and there's a utility function within it. Maybe added that
- 22:47into some of the things they're doing inside of Future Verse. You look at
- 22:51root network, there's a lot of opportunities over there. We just had the
- 22:53guys on from Future Versus this week and man, they've got there's some very
- 22:59interest things going on from a technology standpoint, And the minute that opens up,
- 23:03I think over within the root network up then it changes the dynamic for
- 23:07XRP, the token. So I would love it not happened. I am
- 23:11not anti XRP. I am rooting for XRP. I hold a bag of
- 23:14XRP, so I hope that everything works out extremely well and I make a
- 23:18lot of money on it. Last thing I want to hit on is a
- 23:21game stop obviously Roaring Kitty was out today talking because that's all he was doing,
- 23:26was talking. I don't know, I do he actually make a trade?
- 23:30Guys? Did he make a trade? Ever? Do we know?
- 23:33But hey, listen, he doesn't really do that. That's not a stick.
- 23:37But GameStop closes. They closed up forty seven percent yesterday. Of course,
- 23:44now I think it's down almost probably that amount. If I go into
- 23:47the chart and take a look at GameStop, what do you think about this
- 23:51token? Yeah, it's down back under twenty nine bucks right now. I'm
- 23:53on the hourly right here after it saw that that rise. What do you
- 23:57think is this? Is this even worth it right now? I mean maybe
- 24:02people have been playing Gumi on solana and bass and things like that, but
- 24:06not necessarily the stock. So is it worth it? You know? I
- 24:11am not a I am not a big meme guy because I tell people like,
- 24:18hey, it's fun and you can make a lot of money if you
- 24:22sell at the right time. But you know, most retail investors they don't.
- 24:26They don't want to get out. It's one of these seems like,
- 24:27oh, my money is two x, but what if it four x is
- 24:30and then at four what if it five X is And then and they get
- 24:34themselves in a place where I've heard of traders who at a certain point are
- 24:37are in a mean coin up thirty forty X, and I'm sitting here saying,
- 24:42take profit, what are you doing here? Up? What if I
- 24:45can get fifty x? And then while they're waiting for that next move,
- 24:51all of a sudden, and within forty eight hours you get like a seventy
- 24:53eighty percent crash, and all of a sudden they went from you know,
- 24:56being up forty x to being down money. And so I don't pay as
- 25:02much attention there. This is all very much deja vu for me and probably
- 25:07his for you two, Paul, those who are here in twenty twenty one.
- 25:10Early you remember the chaos of Game Stop and AMC and all drama and
- 25:15everything. But remember back to how that all played out. Yea, it
- 25:18broke a lot of people. It turned a lot of people's very you know,
- 25:22little money into zero money. And then there was a there was a
- 25:26big frustration, Paul, and this is what I'm scared of. There was
- 25:29a very very big outcry from people who felt like they were the money was
- 25:33stolen from them for some reason. Right, they cried out. They complained
- 25:37about it, and guess what happens when people complain about finances. Who listens
- 25:41to that complaint? Yes, and decided Paul, Yeah, the SEC and
- 25:45the government, and we don't want them anymore involved. So to me,
- 25:48I'm very scared that something bad is gonna happen again and it'll get Like I
- 25:52said earlier Jim Kramer, Gary Gensler, they are rooting for people to be
- 25:56involved with these mean coins and these meme stocks because when they eventually crash,
- 26:03and they will crash because there's no utility behind them now, that will be
- 26:07the evidence and the argument they need to slam down their very strict regulation.
- 26:12I am hoping, I'm especially I'm rooting for Gman. I'm rooting for memes
- 26:17right now to hold up because I'm hoping we get into maybe a new regime
- 26:19here in the United States and people with a little more common sense, said
- 26:22Gary Ginster's ousted. Well, if you guys have not followed mister Tim,
- 26:27go over to Investing Bros over there on YouTube. He's getting ready to crack
- 26:30twenty thousand. Holy, here we go, Here we go, babe.
- 26:34This week. I think maybe maybe by the weekend. I like it.
- 26:38You hit that, yeah, for sure, for sure. Well we're going
- 26:41to drop this today. If you guys are not subscribed to Tim's channel,
- 26:45get there right now, the PBN nation, get out there. Let's push
- 26:48him over twenty k. That's an easy lift for us. I'd definitely get
- 26:52you back on the channel here a few weeks. Tim, thanks again for
- 26:55jumping in. We appreciate you have a great weekend. Absolutely, you too,
- 26:57Thank you for having me. All Right, you guys, if you're
- 27:00not pumped into the Diamond Circle right now, you got to get in on
- 27:03that because it's a great place to get additional content. We're going to be
- 27:06doing something pretty cool as well. That's happening that we'll be airing probably next
- 27:11week or the following that is going to be doing some very special things.
- 27:15So you want to be part of the Diamond Circle, make sure and do
- 27:17that. If you're not in our market Sentiment Index, this is where we
- 27:19do all of the sentiment on our top thirty tokens on the overall Blockchain group,
- 27:25as well as our all coins and even tradfy markets. You guys can
- 27:27join all of that down in the links below. Check that out. Follow
- 27:32me on crypto or excuse me on nex. I feel like Twitter is,
- 27:36like, you know, crypto, Twitter is like the place right now,
- 27:38So just follow me on x Apple Baron. We'll catch you next time right
- 27:41here on tech Pi