Latest / The Paul Barron Crypto Show / Final Shakeout📉Crypto Technical Analysis with Tim Warren

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Final Shakeout📉Crypto Technical Analysis with Tim Warren · The Paul Barron Crypto Show

0:00
Speaker 1: Let's get in small coin analysis today. You guys are
0:02
Speaker 1: gonna love it. My name is Paul Barrel, Welcome back
0:03
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Speaker 1: go there and get it started. Let's get into it
0:40
Speaker 1: today with mister Tim Warren coming in from the Tim
0:43
Speaker 1: Warren Channel. You can go over to Tim's channel right there,
0:46
Speaker 1: hit subscribe and learn a little bit more about what
0:48
Speaker 1: Tim is doing knocking it down with a lot of
0:51
Speaker 1: calls here recently, one of which you made on our show.
0:53
Speaker 1: We're going to reveal that a little bit later as
0:56
Speaker 1: we get into some things in general. Right now, the
0:59
Speaker 1: markets are heating up. Where do we go from here?
1:01
Speaker 1: This was a poll that we put out quickly. People
1:04
Speaker 1: are still pointing to an up position or possibly a
1:08
Speaker 1: one more leg down. I'm kind of curious, what do
1:09
Speaker 1: you think?
1:12
Speaker 2: Yeah, I mean we're in a spot that's gonna cause
1:14
Speaker 2: a lot of people get very upset with me right now, Paul,
1:17
Speaker 2: We are in a spot right now, and we'll cover
1:19
Speaker 2: more of this in the TA section. We genuinely could
1:23
Speaker 2: go up or could go down, and people hate that.
1:26
Speaker 2: The reason why is as we're recording this, who knows
1:28
Speaker 2: in the next hour and a half that'll be next
1:30
Speaker 2: twenty four hours of people are still viewing this what
1:32
Speaker 2: crypto has done since then. But right now we're on
1:34
Speaker 2: a pump, right We are going up higher. But you're
1:36
Speaker 2: gonna see if we get into the charts. There's not
1:38
Speaker 2: a lot of confirmation volume happening just yet. And I'm
1:42
Speaker 2: still a big believer Crypto space is still heavily manipulated.
1:45
Speaker 2: I think early over the weekend and early this week
1:48
Speaker 2: we're watching manipulation still play out. So these swings to
1:51
Speaker 2: the upside, giving people some hope. If volume doesn't come
1:55
Speaker 2: in confirming that hope, that might be all it is
1:58
Speaker 2: is just hope and that pole you have there. I'll
2:01
Speaker 2: tell you what I always like when I see the
2:04
Speaker 2: narrative of the majority flip to being bearish, and while
2:07
Speaker 2: it's getting there, that one more leg down than up company.
2:11
Speaker 2: You have thirty seven point three percent. That's good. That's
2:13
Speaker 2: still pretty high for me, though, the fifty three percent
2:16
Speaker 2: saying up from here, I would love to be.
2:18
Speaker 3: Wrong, Paul. I would love for us to just go
2:20
Speaker 3: straight up from here.
2:22
Speaker 2: I have this sneaky suspicion that the bears aren't quite
2:27
Speaker 2: done with this leg just yet. I'm still long term bullish,
2:31
Speaker 2: but I think that middle group might be onto something.
2:33
Speaker 1: Yeah, for sure. When you look at the bitcoin chart
2:35
Speaker 1: right now, Tim, and you see it hovering around one
2:39
Speaker 1: thirteen after this big correction, what do you think is
2:44
Speaker 1: going to play out in terms of bitcoin? Tom Lee's
2:46
Speaker 1: calling for a two hundred k bitcoin end of year.
2:49
Speaker 1: He's got ether upwards of fifteen k. I mean, there's
2:52
Speaker 1: some crazy speculation coming out of Wall Street right now.
2:56
Speaker 1: What does your chart show us on bitcoin right now?
3:00
Speaker 2: One thousand is a little high for my liking, So
3:03
Speaker 2: I think Tom is a little too bullish that way.
3:06
Speaker 2: I did tell my VIP trading group. When you look
3:08
Speaker 2: at bitcoin dominance right now, people are kind of freaking
3:11
Speaker 2: out because climbing again. I'm really not worried until two things.
3:14
Speaker 2: It hits number one. As long as you stay below
3:16
Speaker 2: sixty percent and below the daily smart trail, I'm not
3:19
Speaker 2: worried at all. If that is broken, the level that
3:23
Speaker 2: gets me concerned about the future of alt coins and
3:25
Speaker 2: kind of the crypto rally as a whole. If Bitcoin
3:27
Speaker 2: dominance reclaims sixty two point six percent, give or take,
3:31
Speaker 2: gets higher than the high we had back in August,
3:34
Speaker 2: that's when I'm kind of concerned. The only scenario in
3:37
Speaker 2: which I'm not concerned and Bitcoin domis does climb above
3:40
Speaker 2: this is if Tom Lee is right and Bitcoin shoots
3:44
Speaker 2: like two hundred and fifty thousand dollars that quickly and
3:47
Speaker 2: all just kind of struggle behind all. Right, In that scenario,
3:50
Speaker 2: maybe Bitcoin domins climbs and all coins are okay. I
3:54
Speaker 2: see that being the least likely scenario of all scenarios
3:57
Speaker 2: we could have. I think the reality is we're gonna
3:59
Speaker 2: seecoin domins continue to the downside. I do believe bitcoin
4:03
Speaker 2: will make another move back to the upside. I think
4:06
Speaker 2: we see new all time highs. I think one hundred
4:07
Speaker 2: and fifty to one hundred and seventy thousand by end
4:09
Speaker 2: of year is not ridiculous for bitcoin. Let's put more
4:13
Speaker 2: like one hundred and fifty k is my ceiling there.
4:15
Speaker 2: I think we keep going higher in the new year.
4:17
Speaker 2: But when I say a new low could be coming,
4:20
Speaker 2: another trip back down, I don't necessarily think we go
4:23
Speaker 2: too much lower. But there are some things I'm watching
4:26
Speaker 2: right now on liquidations that could be very very interesting.
4:30
Speaker 2: Again until volume comes in confirming the new breakout, I'm
4:34
Speaker 2: going to be watching some very interesting liquidations here. If
4:37
Speaker 2: my screen will low there we go very interesting liquidations
4:41
Speaker 2: still back down here at towards one oh seven, until
4:44
Speaker 2: we come and reconquer and get back above one hundred
4:47
Speaker 2: and eighteen hundred nineteen hundred and twenty, and we decide
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Speaker 2: that's the direction we want to start liquidating shorts instead
4:52
Speaker 2: of longs. You gotta be ready for that to be
4:56
Speaker 2: a potential right there. But in a scenario where I'm wrong,
5:00
Speaker 2: and again, I would love to be wrong about that.
5:02
Speaker 2: We do have a little bit of breakout this morning
5:04
Speaker 2: above some resistance right here. You love to see it,
5:07
Speaker 2: but like I said, when you go to the hourly chart,
5:10
Speaker 2: there's just not a lot of volume confirming it just yet.
5:13
Speaker 2: And this is something really important to watch. If you
5:16
Speaker 2: go back in the history of when bitcoin decides that
5:19
Speaker 2: it's bottom down, it's ready to go again, come back
5:21
Speaker 2: in here. You know we had this big fall back
5:24
Speaker 2: in April, high volume bottom, great bottoms in. How did
5:28
Speaker 2: we know that the support? How do we know that
5:30
Speaker 2: the bottom was in for sure? And how did we
5:32
Speaker 2: know that we were going to go to the upside?
5:33
Speaker 2: It was on the breakout of resistance you got this
5:36
Speaker 2: pop up of volume confirming the buyers are back. And
5:40
Speaker 2: I can show a lot more examples like that, but
5:42
Speaker 2: ultimately that's what we are looking for it Now, we
5:44
Speaker 2: did have a decently let's go back to the hourly chart.
5:46
Speaker 3: We had a decent.
5:47
Speaker 2: Volume histagram come in on this big pullback on Monday morning.
5:53
Speaker 2: But until I get another high volume confirmation of buys,
5:56
Speaker 2: you just got to be worried. The same people at
5:58
Speaker 2: manipulated Price back in here, they might just be doing
6:01
Speaker 2: something very similar where they're liquidting some short positions only
6:05
Speaker 2: to just have it turned back over and come back
6:08
Speaker 2: down and fill out some lower liquidations as well before
6:10
Speaker 2: they're finally ready for all time highs.
6:12
Speaker 1: Yeah, I want to go to a clip because I
6:14
Speaker 1: think this will give us some framework of what you're referencing,
6:18
Speaker 1: which is all time high in markets, all time high,
6:20
Speaker 1: and gold, bitcoin in some of the all coins in general,
6:23
Speaker 1: struggling to kind of break through. Let's run soot one.
6:27
Speaker 1: All right, what do you make of the rebound? I mean,
6:29
Speaker 1: yesterday it seemed like the markets were kind of weighed
6:31
Speaker 1: down by some of those Japowell comments. Why are we
6:32
Speaker 1: seeing the rebound this morning?
6:34
Speaker 4: Well, I think you're checking both boxes. First off, j
6:36
Speaker 4: Powell mentioning that markets might be overvalued as being like
6:40
Speaker 4: the sky is blue, waters wet.
6:42
Speaker 3: We know nothing's cheap right now.
6:43
Speaker 4: There's not a lot of cheapness in the market, but
6:46
Speaker 4: that doesn't mean necessarily that we can't see the uptrend persist.
6:49
Speaker 4: So I think a lot of his comments weren't that bad.
6:51
Speaker 4: I think the market was reacting to him saying, look,
6:54
Speaker 4: there are dual risks out there, right, there's no risk
6:56
Speaker 4: theory path. For them, they're fighting inflation, they're fighting weakening labor.
6:59
Speaker 4: But for me, the AI trade, the concerns on that
7:01
Speaker 4: we checked that box. So just take a step back,
7:03
Speaker 4: put your ear plugs into not noise. Politics has been loud,
7:07
Speaker 4: and you just really need to stay focused on your objectives.
7:09
Speaker 4: They focused on the fundamentals, stay focused on the technicals,
7:12
Speaker 4: and not let all of this little chirping and kind
7:15
Speaker 4: of all the worry out there devil you from your plans.
7:19
Speaker 1: Maybe that works for crypto right now, if you just
7:22
Speaker 1: kind of hold through, because these are the kind of
7:25
Speaker 1: type type of cycle positions right now that I think
7:28
Speaker 1: a lot of people hate in general.
7:31
Speaker 4: Tim.
7:31
Speaker 1: I was looking at a tweet you put out CFTC
7:34
Speaker 1: to allow stable coins. This was the announcement Carolin fam
7:37
Speaker 1: coming over from CFTC allowing stable coins as collateral. So
7:41
Speaker 1: this is a big deal. This will affect ethereum. Obviously,
7:45
Speaker 1: USDC will be a player in this. Tether could be
7:47
Speaker 1: a player in this if they get if with USA,
7:50
Speaker 1: usat R, L, USD a lot of stable coins coming
7:55
Speaker 1: to the market. What is your theory right now of
7:59
Speaker 1: how much of an impact that would be on eth
8:01
Speaker 1: If you take a look at the eighth chart where
8:02
Speaker 1: we're trading around forty one hundred. What does this do
8:06
Speaker 1: for ethereum? Do you think we see a lower ethereum?
8:09
Speaker 1: Or is have we finally reached the local bottom for ethereum.
8:14
Speaker 2: Well, before I jump onto the charts, I want to
8:15
Speaker 2: make sure we're very clear here because people are me
8:17
Speaker 2: listening to this and saying I thought Tim was a
8:18
Speaker 2: moon boy. I thought Tim was so bullish, now speaking
8:21
Speaker 2: kind of barished. I want it very clear here. I
8:24
Speaker 2: am so bullish long term because of all the things
8:26
Speaker 2: we're talking about. Yeah, I'm just wondering a short term
8:29
Speaker 2: little pullback that's on the way when it comes to ethereum.
8:32
Speaker 2: Things like this we know are long term bullish. We
8:36
Speaker 2: know that the further use case of stable coins, while
8:40
Speaker 2: it might not be the greatest thing for the rest
8:41
Speaker 2: of all coinspace, any layer one and those stable coins
8:45
Speaker 2: are built on, will benefit heavily from the massive transactions
8:49
Speaker 2: of a stable coin. In this case, we're talking about
8:51
Speaker 2: a benefit to ethereum. That doesn't mean it's going to
8:54
Speaker 2: be immediate, that doesn't mean it's going to.
8:55
Speaker 3: Be right now.
8:56
Speaker 2: We are talking about trying to fit a long term
8:59
Speaker 2: perspective into what people want to see this week, this weekend.
9:03
Speaker 3: They want to see their prices pop this weekend.
9:05
Speaker 2: That's not how markets always move, uh, you know, Ethereum,
9:08
Speaker 2: I told you guys, it's in a could go up,
9:10
Speaker 2: could go down scenario.
9:11
Speaker 3: Right now.
9:12
Speaker 2: You can make a lot of cases for why we
9:14
Speaker 2: should go up. I could tell you right now, hey, Ethereum,
9:17
Speaker 2: after a little bit of a break to the upside,
9:19
Speaker 2: we pulled back and we hit the daily smart trail
9:21
Speaker 2: a very strong level of support. We're ready to go
9:24
Speaker 2: back to the upside right even see our oscillators are overextended.
9:27
Speaker 3: That's the daily chart.
9:28
Speaker 2: If I were go to the four hour chart, you're
9:30
Speaker 2: gonna find we bottomed out here. We're seeing bullish divergence.
9:33
Speaker 2: We're seeing a bubble forming right here that could pop
9:36
Speaker 2: any day now that could send.
9:38
Speaker 3: Price to the upside.
9:39
Speaker 2: So there is evidence that suggests Ethereum could make a
9:43
Speaker 2: decent move back to the upside. The problem, however, is
9:46
Speaker 2: gonna be there's also some arguments that we go to
9:48
Speaker 2: the downside. You know, matter of perspective, bulls don't want
9:51
Speaker 2: to look at it this way. They just want to say, oh, look,
9:53
Speaker 2: Tim it's consolidating, and the daily chart and the four
9:55
Speaker 2: hour chart they are low. We could pop back up,
9:57
Speaker 2: right well, bears are gonna look oop me move that
9:59
Speaker 2: Bear's gonna look at this chart and they're going to
10:02
Speaker 2: see a very very fast and violent fall to the downside.
10:07
Speaker 2: The market, very fast fall the downside, a consolidation in
10:10
Speaker 2: a triangle that's called a bull or bare pennant. If
10:14
Speaker 2: that bare pennant ends up playing out, I am not
10:16
Speaker 2: making this prediction. I just want to make sure people
10:18
Speaker 2: are aware of what the technicals insist could happen. This
10:22
Speaker 2: bare pennant could send the price of theorem all the
10:24
Speaker 2: way back down towards thirty eight forty. Again, I'm not
10:28
Speaker 2: predicting it. What I want to be clear with people
10:30
Speaker 2: is that the charts right now are messy. We are
10:33
Speaker 2: in a could go up, could go down scenario. We're
10:36
Speaker 2: sitting on some strong support, We're sitting on a lot
10:38
Speaker 2: of evidence that suggest it wouldn't be crazy to see
10:41
Speaker 2: ethereum and crypto pop back up. But it's also not
10:44
Speaker 2: crazy to look at a move to the downside. So
10:47
Speaker 2: what do you do with this? I kind of entered
10:49
Speaker 2: this earlier. You look for confirmed volume on breakout, should
10:53
Speaker 2: eth make a move here below support and reality, I
10:56
Speaker 2: kind of want to see it get back down here
10:57
Speaker 2: towards forty one hundred. If we get a breakout b
11:00
Speaker 2: that green line, if we start closing some four hour
11:02
Speaker 2: candles below that green line, and then the histograms of
11:06
Speaker 2: volumes start to pick up and start to sway to
11:09
Speaker 2: the upside with that confirmed down move, more than likely,
11:12
Speaker 2: four thousand to thirty eight hundred is absolutely on the
11:15
Speaker 2: table for the next support level for ethereum. However, on
11:19
Speaker 2: the flip side, same thing, if we get a break
11:21
Speaker 2: above red level, if we come up here and get
11:24
Speaker 2: higher than like around forty two to thirty, and you
11:26
Speaker 2: see the volume start to pick up here as well,
11:29
Speaker 2: confirming that the bulls are back buying all of a sudden,
11:32
Speaker 2: Well forget going all the way down to thirty one hundred,
11:34
Speaker 2: We could be popping right back up towards forty six.
11:36
Speaker 3: Forty five hundred.
11:38
Speaker 2: It is a matter of watching, being patient, using analysis
11:42
Speaker 2: like if then statements, because that only way to trade
11:46
Speaker 2: these markets correctly. I'll tell you another thing, though, Paul,
11:49
Speaker 2: that's making me confident and bullish still long term, is
11:53
Speaker 2: even some of the stuff that we just talked about
11:55
Speaker 2: that CNBC short film right there where they're talking about
11:58
Speaker 2: Jerome Pal saying, yeah, markets are a little overbought. He's
12:01
Speaker 2: not lying, they are overbought. I just told you during
12:04
Speaker 2: this whole madness in chaos is bitcoin and crypto have
12:06
Speaker 2: been trending downward in consolidation. The S and P five
12:10
Speaker 2: hundred is hitting new all time highs, gold is hitting
12:11
Speaker 2: new ultimized.
12:13
Speaker 3: Why is crypto not going there?
12:15
Speaker 2: If I'm an investor right now and I'm listening to
12:18
Speaker 2: what Jerome Pal says, and I'm looking and saying, he's right,
12:20
Speaker 2: the stock market's a little overheated. Guess what's not overheated.
12:24
Speaker 2: Guess what is not overbought and has a long room
12:26
Speaker 2: to the upside. And oh, by the way, we're getting
12:28
Speaker 2: more regulational clarity on it every single day.
12:31
Speaker 3: We're getting You would think the exit would be here.
12:33
Speaker 1: I mean that you'd see profit taking.
12:35
Speaker 2: Crypto is the perfect investment right now, whether I'm a
12:38
Speaker 2: tradifi investor, a crypto investor, Crypto sitting in a great
12:41
Speaker 2: spot to invest in right now.
12:42
Speaker 1: Yeah, for sure. Well, Tom Leeb agrees with you. He's
12:45
Speaker 1: calling out right now potentially twelve thousand on eight more
12:50
Speaker 1: again institutional strength. You know he's still a very now
12:53
Speaker 1: you remember this is the number one cheerleader for Etheroreum
12:55
Speaker 1: out there. Part of his game is bit minor and
12:58
Speaker 1: that is an Eath treasury company. He of course he's
13:00
Speaker 1: talking to his book, but it is something that he
13:03
Speaker 1: has been very, very confident about. In general. Again, it'll
13:07
Speaker 1: be interesting to see how the market determines it. Speaking
13:09
Speaker 1: of markets that are moving, B and B only coined
13:12
Speaker 1: in the top ten pass games this week, and B
13:16
Speaker 1: and B continues to outperform. I mean, this has been
13:19
Speaker 1: a little bit interesting to be over a thousand bucks
13:22
Speaker 1: right now. When you look at B and B on
13:25
Speaker 1: the chart, where does this stop? Is this still? Do
13:27
Speaker 1: you feel like this is more of a manipulation project
13:32
Speaker 1: or do you feel this this has got some potential upside?
13:35
Speaker 3: Is so hard to say that it's not a manipulation play.
13:38
Speaker 3: I'll show you.
13:39
Speaker 2: I mean, obviously their price dipped as well over the weekend.
13:42
Speaker 2: But look at this is the daily chart right now
13:44
Speaker 2: on BnB. Let's just focus on what prices looked like
13:47
Speaker 2: since back in July.
13:48
Speaker 3: Here where B and B is? We get the exact
13:50
Speaker 3: percentage from those July lows. B and B is up
13:53
Speaker 3: right now sixty seven percent.
13:55
Speaker 2: At one point was up eighty percent versus I'm going
13:59
Speaker 2: to really quickly flat some other projects here, real quickly.
14:02
Speaker 2: Take a little what bitcoin looks like in that time period,
14:05
Speaker 2: very slow, methodical sideways. Take a look at Theoreum, Take
14:08
Speaker 2: a look at Chainlink, take a look at these others.
14:11
Speaker 3: B and B continued to pump.
14:13
Speaker 2: And rally while other things were coming back down to
14:16
Speaker 2: the downside. And then I'm not gonna pull it up
14:19
Speaker 2: right now. But I don't know if you saw that
14:21
Speaker 2: tweet timeline of CZ's tweet talking about how support is
14:24
Speaker 2: very good for the strength of foundation. It was literally tweeted,
14:28
Speaker 2: and then the very next second the markets drop. It's
14:32
Speaker 2: really crazy the manipulation going in play here. I had
14:36
Speaker 2: a sign I think it's gonna get smashed at this
14:38
Speaker 2: point if finance continues this. I earlier this year predicted
14:41
Speaker 2: about a twelve sixty five top this year for Binance.
14:45
Speaker 2: I said that would be a nice interesting spot to
14:46
Speaker 2: keep an eye on. We're very coops. I did not
14:49
Speaker 2: think that we get this this far this fast. You
14:51
Speaker 2: can see here it's just destroying former all time highs
14:55
Speaker 2: here from back in twenty twenty one. Unlike the rest
14:59
Speaker 2: of the crypto space, it is just smashing through kind
15:02
Speaker 2: of similar to bitcoin Bitcoin's wail above the highs back then.
15:04
Speaker 2: But very few projects that we're around in twenty four
15:07
Speaker 2: one are like that. B and B is benefact benefiting
15:10
Speaker 2: from that, very very heavily same thing even here. Guess
15:13
Speaker 2: what with this more recent move, the volume has been increasing,
15:16
Speaker 2: confirming while other things are selling off, people are buying
15:19
Speaker 2: B and B. Is it people or is it just
15:21
Speaker 2: Binance themselves selling other cryptocurrencies, keeping them down low, and
15:25
Speaker 2: investing all of it into B and B. I'll leave
15:28
Speaker 2: that to someone who knows a little bit more about
15:30
Speaker 2: tracking wallets than myself. But the evidence I'm seeing on
15:34
Speaker 2: the charts, I'm the evidence I'm seeing on Twitter connecting
15:37
Speaker 2: some logical dots. It is hard not to say that
15:41
Speaker 2: Binance wasn't behind this more recent confusing move of the
15:44
Speaker 2: weekend crash.
15:46
Speaker 1: Well, you got to look at a couple other things
15:48
Speaker 1: that have happened, and that is in reference to Franklin
15:51
Speaker 1: Templeton their token ized platform. This is on Benji. Now
15:54
Speaker 1: it's going to expand to the B and B chain,
15:56
Speaker 1: So that's another advantage. This is a big player you
16:00
Speaker 1: know that could you know, contribute to B and B
16:02
Speaker 1: and the likelihood of that getting more Franklin Templeton types
16:07
Speaker 1: coming to this market could be real. So I'm with you.
16:11
Speaker 1: I think it's still a very interesting position right now.
16:14
Speaker 1: You look at the chain. Stable coin supply just hit
16:17
Speaker 1: twelve and a half billion. This is the highest level
16:19
Speaker 1: that we've seen again back in years, so that too
16:24
Speaker 1: a big deal in terms of where BnB is heading.
16:27
Speaker 1: One other thing I want to hit on right here
16:29
Speaker 1: is XRP Midas. Of course, we had them on the
16:33
Speaker 1: show with Axelar big announcement on liquid yield tokens. XRP
16:37
Speaker 1: now on the game board right now, TVL around almost
16:41
Speaker 1: twenty million right now, just on what Midas is doing.
16:45
Speaker 1: If you guys didn't catch that video, go back and
16:46
Speaker 1: look at that, because this is a big deal. Then
16:48
Speaker 1: of course Flair comes in with f assets just launched today.
16:53
Speaker 1: These are big, big potential moves because it does expose
16:56
Speaker 1: the entire ecosystem with XRP into DeFi and starting to
17:01
Speaker 1: earn some of these yields flow. So far, about two
17:04
Speaker 1: point six million in the cor vault. What are your
17:07
Speaker 1: thoughts on XRP getting the bump at hat I think
17:09
Speaker 1: it's up four percent on the day. Do you like
17:12
Speaker 1: this as a temporary move or do you feel like
17:14
Speaker 1: maybe XRP set for a breakout here?
17:17
Speaker 3: Yeah, I think is one on the longer term set
17:19
Speaker 3: for a breakout.
17:20
Speaker 2: Right. I'm not saying we can't dip back down on
17:21
Speaker 2: shorter time frames, but if you're someone who is investing
17:24
Speaker 2: for the next couple of months, not just the next
17:26
Speaker 2: week and a half, because you're in a day trade,
17:28
Speaker 2: xrp's in a good spot. We told our community back here,
17:31
Speaker 2: we said, hey, look for a pullback back down in
17:34
Speaker 2: this range of around two seventy seven to eighty big
17:38
Speaker 2: equilibrium level back here, back in that support that we
17:40
Speaker 2: had in the early September days. Also, if you go
17:44
Speaker 2: to the two daily chart, this is going to be
17:46
Speaker 2: where we had an order block, a good breaker block
17:49
Speaker 2: right there. But also the two daily smart trail after
17:51
Speaker 2: a two daily cell signal, so you're sitting on some
17:54
Speaker 2: strong support in a nutshell. The other big reason is
17:57
Speaker 2: because we had a big breakout here before. This is
18:01
Speaker 2: one that I think this is my more conservative estimate
18:03
Speaker 2: was that a big breakout to three eighty one could happen.
18:05
Speaker 3: Clearly, we're pulling back down.
18:07
Speaker 2: But you can see when you trace that form of
18:08
Speaker 2: resistance level, we're really just bouncing on that resistance.
18:11
Speaker 3: Very normal thing to do.
18:12
Speaker 2: A bullish case, a bullpen excuse me, pattern would suggest
18:17
Speaker 2: the next big move for XRP would be up above
18:19
Speaker 2: five dollars for the next one right there. So I'm
18:22
Speaker 2: still a big bull on XRP right now. I think
18:24
Speaker 2: that these corrections. Again, you always have to be prepared
18:27
Speaker 2: for what's normal, what's healthy, And in this case, anyone
18:30
Speaker 2: who's sitting here freaking out about it, I just I
18:33
Speaker 2: want to remind you guys, look for support, major support levels.
18:36
Speaker 2: You're seeing that here on this two daily chart, daily chart,
18:39
Speaker 2: there was some big, big support. So if you believe
18:42
Speaker 2: like me in the power of manipulation, manipulation sometimes as
18:47
Speaker 2: long as it's not taking us into a bear market,
18:49
Speaker 2: it simply pulls us back down to a significant support level,
18:52
Speaker 2: one that you the retail weren't ready for.
18:54
Speaker 3: But if you study your charts, you're aware of it.
18:56
Speaker 2: They buy that dip when you're selling, and then they
18:58
Speaker 2: make a lot of money.
19:00
Speaker 1: Yuh well, And I think that's the key here, guys,
19:02
Speaker 1: is timing in the market. Where are you in that position?
19:06
Speaker 1: How do you play this out? If you're long term holder,
19:08
Speaker 1: if you're maybe a short term holder. Listen, Tim, we
19:10
Speaker 1: got to give you your kudos because you called it
19:12
Speaker 1: here on our show, and that was this show we
19:15
Speaker 1: did thirteen days ago right there on Avalanche, and we
19:19
Speaker 1: were looking at a breakout on Avax that could happen.
19:22
Speaker 1: In fact, it did and a good upside for Avalanche
19:26
Speaker 1: also correcting above thirty bucks. At the time, I think
19:29
Speaker 1: we were trading around twenty eight to twenty nine. Where
19:32
Speaker 1: you look at Avalanche right now, if you were in
19:35
Speaker 1: that trade right now, would you exit it at the
19:37
Speaker 1: current gains or would you go ahead and let this
19:39
Speaker 1: one ride?
19:41
Speaker 3: Yeah?
19:41
Speaker 2: Well, so the way we traded it in our group,
19:43
Speaker 2: I'll kind of show how and draw it how we
19:45
Speaker 2: did this. So if you guys, remember what I called
19:48
Speaker 2: on this show was that due to the w pattern
19:51
Speaker 2: and then the build up that happened here right below
19:54
Speaker 2: twenty six fifty give or take, we predicted a big,
19:57
Speaker 2: big boost would happen. So even though I I had
20:00
Speaker 2: a long that came in way back here. What I
20:02
Speaker 2: had our community do is, on this verge of the breakout,
20:05
Speaker 2: we had a buy signal in down here, we put
20:07
Speaker 2: our stop loss well below the more recent higher low
20:11
Speaker 2: in place. And then, since our trajectory was all the
20:14
Speaker 2: way up here, I'm a big believer of making sure
20:16
Speaker 2: you secure profits.
20:19
Speaker 3: I look at things, and.
20:20
Speaker 2: I always look around the middle point, and I say,
20:22
Speaker 2: let's make sure we have what we call a take
20:23
Speaker 2: profit one where you take you can choose for yourself.
20:27
Speaker 2: You want to take twenty five percent, fifty percent, seventy
20:29
Speaker 2: five percent. I usually do about fifty percent. What I
20:32
Speaker 2: do with trades like this is I still believe a
20:34
Speaker 2: move all the way up towards forty five forty six
20:36
Speaker 2: dollars in the cards, but I took profit half of
20:39
Speaker 2: my position. I took profit, and then I took the
20:41
Speaker 2: stop loss and I raised it to break even.
20:43
Speaker 3: So now even if a.
20:45
Speaker 2: Colossal crash on AVAX happens, I have locked in a
20:49
Speaker 2: fifty percent profit of a fifty percent of my move.
20:52
Speaker 2: If I come back down, I didn't lose any any
20:54
Speaker 2: money whatsoever, and I leave half my position open to
20:57
Speaker 2: just play and say, hey can I make this move
20:59
Speaker 2: and get profited there. In that case, I win once again.
21:02
Speaker 2: But that's how we traded it, And if someone entered
21:04
Speaker 2: up here, I would have told them the same exact thing.
21:06
Speaker 3: It doesn't really matter where you enter. I'm a big
21:08
Speaker 3: fan of looking.
21:09
Speaker 2: At your main target to even take profit one somewhere
21:12
Speaker 2: in the middle of that. Just secure some profits just
21:14
Speaker 2: in case you're wrong, and end up being a very
21:17
Speaker 2: good play for us. And we're still in the straight.
21:18
Speaker 2: This trait is still active and open, and I'm still
21:21
Speaker 2: pretty favorable. I think it's it'd be pretty difficult to
21:24
Speaker 2: drop back down to the below these levels, but if
21:26
Speaker 2: it does, I'm ready for it.
21:28
Speaker 3: I won't lose money. That's all I way to trade it.
21:30
Speaker 1: At end of end of year right now in AVAX,
21:33
Speaker 1: if you're holding that fifty percent of that bag right
21:35
Speaker 1: now on that particular trade that we made here on
21:37
Speaker 1: the show, where would you would you play this out
21:40
Speaker 1: to the end of the year or look for other
21:42
Speaker 1: exit points.
21:43
Speaker 2: Well, at this point, the almost way I see it is,
21:45
Speaker 2: I'm playing with house money now. I've locked in my profits,
21:49
Speaker 2: I've locked in no loss whatsoever, So I'm gonna let
21:52
Speaker 2: this one play out and if I hit forty I
21:54
Speaker 2: think it's like forty five, seventy or something.
21:56
Speaker 3: Is my official take profit too. If it hits great.
21:59
Speaker 2: If it does, okay, I told it before, I'll share
22:02
Speaker 2: my screen again.
22:03
Speaker 3: This was just my shorter term target for Avax.
22:06
Speaker 2: Of course, the question then becomes on the longer timeframe,
22:09
Speaker 2: can we smash above this descending level resistance up here?
22:13
Speaker 2: And then all of a sudden, you're talking about another
22:14
Speaker 2: long position where you're looking for profit somewhere in the
22:17
Speaker 2: world of one hundred and fifty dollars that I'll enter
22:20
Speaker 2: a brand new trade.
22:21
Speaker 3: I'll let this one play out.
22:22
Speaker 2: I would expect X for Avax to get up here
22:26
Speaker 2: and have some consolidation and give me some time to
22:29
Speaker 2: re enter after taking profit, and then I'll probably look
22:31
Speaker 2: for a brand new long to trade all the way
22:32
Speaker 2: up here again. Guess what I'm gonna put my if
22:35
Speaker 2: I were to enter somewhere in this camp right here,
22:37
Speaker 2: I'm gonna put my take profit originally up there, and
22:39
Speaker 2: I'm gonna put a little take profit one some are
22:41
Speaker 2: right here in the middle. Just secure that gain, make
22:44
Speaker 2: sure I don't risk it all and then not get
22:46
Speaker 2: anything for good. TA make sure my TP won is
22:49
Speaker 2: somewhere in the middle.
22:49
Speaker 1: There there you go. Just to look at the DEX
22:52
Speaker 1: volume right now, dex volume is climbing on Avax. In fact,
22:55
Speaker 1: if you look here, Avax flip hyper liquid right there.
22:59
Speaker 1: So good decks volume at least in the last twenty
23:02
Speaker 1: four So maybe this is a good sign because this
23:04
Speaker 1: could point to some more action on I'll tell you
23:08
Speaker 1: this for sure.
23:08
Speaker 2: I'll tell you this, Paul. I'm more of the TA guy.
23:10
Speaker 2: Right we have a whole team though. At our group,
23:12
Speaker 2: we have a guy named Crux the Crypto. He's our
23:14
Speaker 2: fundamental expert. He did a video on his channel and
23:17
Speaker 2: he was comparing Suie and Avax, and people know, if
23:20
Speaker 2: you watch me, I'm big on Sue.
23:21
Speaker 3: I like Sue Yep.
23:23
Speaker 2: He went into the whole video thinking his synopsis was
23:25
Speaker 2: going to be, hey, guys, both good, but Sue's better.
23:28
Speaker 3: In all of this stuff.
23:29
Speaker 2: He studied about what Avax is doing, the adoption coming.
23:32
Speaker 2: He said, right now, Avax is clearly the much better
23:37
Speaker 2: investment than suey from a fundamental standpoint.
23:39
Speaker 3: What the future looks like.
23:40
Speaker 1: Well, that's a big deal because you look at what
23:43
Speaker 1: Anthony Scaramuchi is doing with this new dat digital ASCID treasury.
23:47
Speaker 1: He's kind of like a Tom Lee type. It's very
23:50
Speaker 1: possible that he could pull through some volume. Again, this
23:54
Speaker 1: is all timing in where the market is right now,
23:57
Speaker 1: whether or not we see it. But Avax has been,
23:59
Speaker 1: of course coming off an extreme high of where we were,
24:03
Speaker 1: you know, at the at least the most recent local
24:06
Speaker 1: highs to where we've come back down to on Avalanche.
24:09
Speaker 1: So very very positive on Avax. Let's take a look
24:13
Speaker 1: at another move that could happen right now, and that's Solana.
24:16
Speaker 1: I had Matt Hogan on the other day. He's like, hey,
24:19
Speaker 1: it's Solana season. Q four is Solana season. Solana has
24:23
Speaker 1: retraced back down to around two hundred bucks. Is this
24:27
Speaker 1: an entry for Solana for you right now? At least
24:30
Speaker 1: on a local trade?
24:32
Speaker 3: It is very good support. I'll show that one.
24:34
Speaker 2: This is when I remember being on your channel saying, hey,
24:36
Speaker 2: the downside of these rising wedges. We could have rejected
24:39
Speaker 2: right here on two seventeen and then pulled back pretty far.
24:43
Speaker 2: Like back then, I think we had like one to
24:44
Speaker 2: sixty one to seventy as a target to downside, but
24:46
Speaker 2: instead Solana had a nice boost the upside. By the way,
24:50
Speaker 2: remember I was showing other coins as well. Solana's chart
24:53
Speaker 2: does not look like bitcoins, or like ethereums, or like
24:56
Speaker 2: chain links. Solana's had a very good run even right
24:59
Speaker 2: now now. And what it did here more recently is
25:02
Speaker 2: it pulled back down back into the formation. But it's
25:04
Speaker 2: looking like we're getting a pretty decent little bounce here
25:07
Speaker 2: around a zone that at one point again back here
25:10
Speaker 2: in September, we actually shorted it successfully in August on
25:13
Speaker 2: the twenty ninth, it broke that resistance. Are we now
25:16
Speaker 2: using that same zone as support? I think there's also
25:20
Speaker 2: just like everything else, you know, you had this daily
25:21
Speaker 2: cell signal back in here after breaking up to two
25:24
Speaker 2: point fifty, we came back down. We touched that daily
25:26
Speaker 2: support level right there. So I think this is a
25:29
Speaker 2: by signal for sure. I would tell people just to
25:32
Speaker 2: be a little cautious and say, hey, when you look
25:34
Speaker 2: at liquidation spots and you know that we're in a
25:36
Speaker 2: world of manipulation, two things stick out to me. Two
25:39
Speaker 2: places stick out to me right here around one ninety
25:42
Speaker 2: five two hundred lot of bright green spot stops threatning there.
25:45
Speaker 2: And then the other big one is gonna be back
25:47
Speaker 2: down there at again. That target one seventy three, I
25:49
Speaker 2: think that's the one we named before. There still is
25:51
Speaker 2: liquations down there. Manipulators can crush spirits, like I think
25:55
Speaker 2: we're in a world right now where people are bullish
25:59
Speaker 2: right now.
26:00
Speaker 3: You even your poll.
26:01
Speaker 2: I ran a poll very similarly, people are still bullish.
26:04
Speaker 2: Sometimes manipulators crush your soul before the next rally. That's
26:09
Speaker 2: what we saw happen early this year. We saw in
26:11
Speaker 2: the summer or twenty be four. And listen to the hindsight, Paul,
26:14
Speaker 2: those weren't the ends of the bull markets, but it
26:16
Speaker 2: sure felt like it didn't it. Yeah, whether that happens
26:19
Speaker 2: now or later this year or early next year, I
26:22
Speaker 2: just want people prepared for this. When you're in a
26:23
Speaker 2: market that's manipulable and crypto is, you will have seasons
26:27
Speaker 2: where they crush your soul. Be prepared for soul crushing.
26:31
Speaker 3: And buy those dips. Don't get surprised by it.
26:34
Speaker 1: Hey, dam I got one more question for you before
26:36
Speaker 1: I let you go. Sure, Avax or Soul, what do
26:39
Speaker 1: you put in your play in?
26:41
Speaker 2: Yeah, so it's funny you say that's the question, because
26:44
Speaker 2: I was just telling you how I was a sueye
26:46
Speaker 2: guy over Avax about until about two three weeks ago,
26:49
Speaker 2: and then our fundamental guy did some research. He said, me,
26:51
Speaker 2: in Avax is the play. Let me let me wrap
26:54
Speaker 2: up what I've said on the show before. I'm almost
26:56
Speaker 2: always going to give the initial vote of confidence to
26:59
Speaker 2: the coin with the smaller market caap as long as
27:01
Speaker 2: they're both quality products. Give me the smaller market gap
27:05
Speaker 2: eight out of ten times. But again, with the recent
27:08
Speaker 2: surge in Avax, not just price wise but in adoption circumstances,
27:13
Speaker 2: this was a coin that was disappointing for most of
27:16
Speaker 2: this bloolmark so far, people were kind of checking out
27:18
Speaker 2: on it. Now the whales have kind of said, all right, fine,
27:21
Speaker 2: you don't want it, let us have it. They're building
27:23
Speaker 2: it up, they're building their relationships. It's got a treasury
27:25
Speaker 2: now coming for it. This is not an insult to
27:28
Speaker 2: Solana whatsoever, because I still like Solana. Avax is a
27:31
Speaker 2: hot project. Buy it while you can at cheap prices.
27:35
Speaker 1: Yep, there you go. All right, man, listen, Tim, it's
27:38
Speaker 1: good to having you on the show. Thanks again for
27:40
Speaker 1: stopping in. We'll definitely have you back. We'll break down
27:42
Speaker 1: some more as the markets continue to heat up. Thanks
27:45
Speaker 1: for coming in, absolutely, thanks for having me, Paul, You
27:47
Speaker 1: bet all right. So you guys get in on the
27:49
Speaker 1: Diamond Circle. It's our own private group that you can
27:52
Speaker 1: take part of and it's free. We leave a link
27:54
Speaker 1: down below. Of course, all you have to do is
27:56
Speaker 1: click that you can join. And number one thing to
27:58
Speaker 1: do right now, take some time, subscribe to the show,
28:01
Speaker 1: and then of course follow me out there on X
28:03
Speaker 1: at Paul Baron. We'll catch you next time right here
28:05
Speaker 1: on the Paul Baron Show.