Latest / The Paul Barron Crypto Show / Bitcoin $100k Next?📈Altcoin Technical Analysis w/ Evan Aldo

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Bitcoin $100k Next?📈Altcoin Technical Analysis w/ Evan Aldo · The Paul Barron Crypto Show

0:07
Speaker 1: Markets are starting to heat up.
0:08
Speaker 2: Today we'll be breaking down everything in bitcoin as well
0:12
Speaker 2: as small coins. My name is Paul Barrel. Welcome back
0:14
Speaker 2: in the tech path. Let's get going today. I do
0:16
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Speaker 2: Make sure and use our link down below. It's going
0:34
Speaker 2: to give you some additional discount.
0:37
Speaker 1: It does help.
0:37
Speaker 2: The channel joining me today, of course, is mister Evan Aldough.
0:40
Speaker 2: You guys know this guy coming in from abroad as usual,
0:45
Speaker 2: out there traveling around.
0:46
Speaker 1: Where are you today, Evan?
0:48
Speaker 3: I'm in pliadel Carman, Mexico. Great place, all right.
0:51
Speaker 1: That's a great spot.
0:52
Speaker 2: Yeah, very beachside town, kind of a cruise spot. Love
0:56
Speaker 2: it been there many times. If you guys haven't checked
0:58
Speaker 2: out Evan's channel, go over to YouTube right now and
1:01
Speaker 2: search Evan Aldough And this is what's going to come
1:05
Speaker 2: up right.
1:05
Speaker 1: Here and just hit that little subscribe button. Right there.
1:07
Speaker 2: If I'm signed in, I'd be subscribed right there. Evan
1:10
Speaker 2: does a great job at giving you guys a full
1:12
Speaker 2: rundown on how to use charts. He also has a
1:15
Speaker 2: great live stream, so check it out. Make sure and
1:17
Speaker 2: subscribe right now, and we'll get started. Hey Evan, Yeah, Evan,
1:21
Speaker 2: let's get into a few points. Obviously, a crypto market
1:24
Speaker 2: cap now reclaiming three trillion, big news right there. You
1:28
Speaker 2: look at that along with April, it feels like it
1:31
Speaker 2: just wham boom all of a sudden. Everybody's happy and
1:35
Speaker 2: you know, go lucky again. And here we are at
1:38
Speaker 2: the end of April, moving now May one. But what
1:42
Speaker 2: do you think, I mean, what you're feeling on bitcoin
1:44
Speaker 2: right now at its current press.
1:46
Speaker 3: Right right now? You know, we're looking pretty good, you know,
1:50
Speaker 3: hitting a big point. I think we're eventually going to
1:52
Speaker 3: break through, you know, the point that we're hitting right now.
1:54
Speaker 3: And if you know, you look at my chart, we
1:56
Speaker 3: go on to right you know over here that ninety
1:59
Speaker 3: six era. If we zoom in a little bit, you know,
2:02
Speaker 3: hitting that spiral lind right there. But I think it's
2:03
Speaker 3: pretty inevitable that you should be able to break above that,
2:06
Speaker 3: especially when you look at our daily right here, looks
2:09
Speaker 3: like you got a lot more to go into the green,
2:12
Speaker 3: potentially in the next week, jumping up to one oh two,
2:16
Speaker 3: maybe by May six. It could take a little bit longer.
2:18
Speaker 3: Hard to say, wow, but I still am very optimistic
2:21
Speaker 3: into I think we're still going to be good into
2:23
Speaker 3: the FMC meeting all the way into June when they
2:27
Speaker 3: cut rates, and then I think you're gonna get your
2:28
Speaker 3: summer lull and then that rally into the end of
2:30
Speaker 3: the year. So I'm still on that, still on that
2:32
Speaker 3: ball park.
2:33
Speaker 2: Okay, So I have a question for you in reference,
2:35
Speaker 2: because that's what we think is kind of the the
2:38
Speaker 2: catalyst for the markets.
2:39
Speaker 1: Right now, You've got bitcoin price.
2:41
Speaker 2: About to blast a little bit higher, mainly because of
2:44
Speaker 2: the odds for a rake cut in this coming in June.
2:47
Speaker 2: So do you feel where would you see bitcoin by
2:51
Speaker 2: June right now, before we see a little bit of
2:54
Speaker 2: a summer lull retracement. What do you think that top
2:57
Speaker 2: could be one.
2:58
Speaker 3: Hundred and fourteen all the way up to one twenty,
3:01
Speaker 3: that big jump right there, that's where there's a lot
3:03
Speaker 3: of resistance at that area. Yeah, most likely a new
3:06
Speaker 3: all time high. Especially since we're so close to it already.
3:09
Speaker 3: I'd be surprised if you can't make a new all
3:12
Speaker 3: time high before that area. It would be pretty sumper.
3:14
Speaker 2: Yeah, obviously blasted through ninety five thousand. We think that
3:18
Speaker 2: the price this is people out there, you know, analysts
3:21
Speaker 2: looking around one hundred k. Let's say Bitcoin hits one
3:25
Speaker 2: hundred k later this weekend. What all coin would be
3:30
Speaker 2: moving in conjunction with Bitcoin? Do you think do you
3:33
Speaker 2: think would be Ethereum or one of the new kids
3:35
Speaker 2: on the block.
3:37
Speaker 3: Oh, man, it seems like it's probably well. I mean
3:40
Speaker 3: there's so many all coins, probably those ones that are
3:42
Speaker 3: recovering like crazy, you know, a smaller caps like sweet Virtual.
3:46
Speaker 3: Those things seem to just keep pumping back up. And
3:48
Speaker 3: that's typically what happens those new coins that have a
3:51
Speaker 3: lot of height behind them, that the whole bandwagon comes on,
3:55
Speaker 3: they recover very quickly, people get excited about them. I
3:59
Speaker 3: not just say say that eth can recover as well.
4:01
Speaker 3: I think it absolutely will do very well. I think
4:03
Speaker 3: eth could hit maybe three thousand by June eighteenth. So,
4:06
Speaker 3: but those those coins, I mean, even the truth some
4:08
Speaker 3: of those mean coins that were pop like the Trump
4:10
Speaker 3: coin all that, Like, it's always those small cap alts
4:13
Speaker 3: that have that new bandwagon behind them. They recover quickly
4:16
Speaker 3: and then you think it happens that after the next dip,
4:18
Speaker 3: after this one, but nope, then it's new all coins.
4:21
Speaker 1: Yeah, that's kind of weird. Yeah, for sure.
4:23
Speaker 2: Let's talk about ethereum a little bit, because this is
4:25
Speaker 2: one that continues to lag along with where Bitcoin here
4:29
Speaker 2: now getting ready to face another all time high. Ethereum
4:34
Speaker 2: not even anywhere near that right now? What is your
4:37
Speaker 2: position on eth? Would you hold through on ethereum or
4:42
Speaker 2: is this maybe a time to diversify out of ethereum
4:46
Speaker 2: into other assets?
4:46
Speaker 1: What are your thoughts?
4:48
Speaker 3: I think it's a time to hold through, and that's
4:50
Speaker 3: always you know what I've stuck with. I think ETH
4:52
Speaker 3: has been pretty suppressed here when I look at my
4:55
Speaker 3: chart here on ethereum, you know the big place that
4:57
Speaker 3: we got to break through that we're already kind of
4:59
Speaker 3: breaking through eighteen sixty four right here. Your next technical target,
5:04
Speaker 3: I mean a conservative technical target would be around twenty
5:08
Speaker 3: two hundred, twenty one hundred. If you want to be
5:10
Speaker 3: a little bit more lenient with this, we could have
5:12
Speaker 3: a technical target all the way close up to you know,
5:14
Speaker 3: twenty five hundred, which I think you got a good
5:16
Speaker 3: shot of continuing to jump up to that area maybe
5:21
Speaker 3: by mid May. Then you get a little bit of
5:23
Speaker 3: a speed bump here, and then I think the highest
5:27
Speaker 3: I could see us going, which is maybe a little
5:29
Speaker 3: too optimistic projection, but maybe three thousand and thirty one
5:33
Speaker 3: hundred by that June eighteenth FMC meeting. If we've been
5:39
Speaker 3: as suppressed as I think we have been. Look at
5:41
Speaker 3: your daily right here, some rare bullish signs. Your money
5:44
Speaker 3: flow been in the red for a long time, about
5:46
Speaker 3: to come into the green. I mean that could be
5:48
Speaker 3: a huge rally similar to you know, look what happened
5:51
Speaker 3: right here. What's compare this just to get a ballpark
5:53
Speaker 3: estimate of what you may, you know, do on that
5:55
Speaker 3: money flow crossover that brings you right up to that
5:58
Speaker 3: thirty one hundred. Now, I don't think you're gonna go
5:59
Speaker 3: up to four thousand by June eighteenth, but you've got
6:02
Speaker 3: a good shot of getting up to that area for
6:03
Speaker 3: the real short term here, you know, you're coming into
6:05
Speaker 3: weekend Tomorrow's Friday, maybe bounce around a little bit, but
6:08
Speaker 3: next week two thousand, within the next ten to fifteen
6:11
Speaker 3: days two thousand, that could be a goal twenty one hundred.
6:13
Speaker 2: Yeah, all right, so ETH could be on the verge
6:16
Speaker 2: of a breakout. This is something that will continue to
6:20
Speaker 2: I think break down here on the channel because Eth
6:22
Speaker 2: is a first of all, it has a very large audience,
6:24
Speaker 2: you know, in terms of sentiment, and they're also very
6:27
Speaker 2: resilient in being able to hold through, which we're not
6:30
Speaker 2: seeing a lot of activity in terms of people selling
6:33
Speaker 2: on Eth and trying these other all coins out there.
6:36
Speaker 2: One of the things that I think could help ethereum
6:40
Speaker 2: is the macro environment, and of course you've got some
6:43
Speaker 2: signals coming in right now. The Chinese economy is slowing
6:45
Speaker 2: down substantially. This is according to Scott Bessent, and he's
6:49
Speaker 2: saying that they're going to likely revisit Trump's Phase one
6:52
Speaker 2: trade deal.
6:52
Speaker 3: Now.
6:52
Speaker 2: I don't know if Phase one was a great strategy,
6:55
Speaker 2: but maybe if the Chinese are truly seeing a substantial
6:59
Speaker 2: slowdown and we get a trade deal macro wise, that
7:03
Speaker 2: would be a fairly significant shot in the arm for
7:06
Speaker 2: a lot of all coins, and Ether would be the
7:08
Speaker 2: one that I would anticipate seeing some benefits.
7:12
Speaker 1: You look at fear and greed.
7:15
Speaker 2: Look at that, Evan, I mean this is yep, that's
7:17
Speaker 2: nuts fifty one on fear and greed up from where
7:20
Speaker 2: we were. Look at this, How fast this has come
7:23
Speaker 2: out of a That's why.
7:25
Speaker 3: We're going to have a summer law, I'll tell you,
7:27
Speaker 3: because that's going to come up more in the next
7:29
Speaker 3: two months. I think you think.
7:30
Speaker 2: So, do you feel like we come back to that
7:34
Speaker 2: range of around seventy to eighty on fear and greed?
7:37
Speaker 3: Yeah, I think you're going to hit especially if bigcoin
7:40
Speaker 3: makes new all time high, you're easily going to be
7:42
Speaker 3: at that eighty markers or whatever. And then that's why
7:44
Speaker 3: we need the summer lull for you to come back down,
7:47
Speaker 3: and then we get our last rally into.
7:48
Speaker 1: What would be what would be that what would be
7:51
Speaker 1: the lower high. Then let's go to bitcoin.
7:53
Speaker 2: Actually, let's stay on ethereum for a second before we
7:56
Speaker 2: leave ethereum. If you're on the ethereum chart, what would
7:59
Speaker 2: be the low or high that you would see in
8:02
Speaker 2: a summer lull if it does get back up to
8:04
Speaker 2: say a two k to all the way to a
8:06
Speaker 2: three k ethereum.
8:09
Speaker 3: So the way I've been charting it, and that's an
8:11
Speaker 3: amazing I mean, that's a million dollar question. The way
8:13
Speaker 3: I've been charting it is that we're going to see
8:15
Speaker 3: something like this. You get up to once you get
8:17
Speaker 3: up to that that three k here, you have your
8:20
Speaker 3: rally upward. You get up to that point. You know,
8:23
Speaker 3: generally that rally upward there, that's three K. By the
8:26
Speaker 3: FOMC meeting in June, when they'll probably likely NQT cut rates,
8:30
Speaker 3: everybody gets excited, and look what happens. Probably at least
8:34
Speaker 3: a drop down eighteen to twenty percent back down to
8:37
Speaker 3: twenty five hundred. It could be more catastrophic, it could
8:40
Speaker 3: be real bad where you scare a lot of people away.
8:42
Speaker 3: There's a lot of volatility, especially the theater. It could
8:45
Speaker 3: be up to thirty percent. If it's thirty percent, it
8:47
Speaker 3: could be thirty percent. Then August onward September generally September onward,
8:51
Speaker 3: at the end of the year, then you have your
8:54
Speaker 3: last rally upward, which hopefully would be at least a
8:57
Speaker 3: new all time high or tied with the old all
8:59
Speaker 3: time high forty hundred. My high end still could be
9:03
Speaker 3: at you know, seventy three hundred, which is a big
9:05
Speaker 3: fit level. So I think you got a shot at that.
9:08
Speaker 3: The worst this correction probably the worst. It would be
9:10
Speaker 3: like if you just see a twenty percent correction, then
9:13
Speaker 3: you have more of a chance at that. You'd probably
9:14
Speaker 3: get a little you know, choppy around the old all
9:16
Speaker 3: time high, and you'd probably do something like this into
9:19
Speaker 3: the end of the year, maybe even early January. So
9:21
Speaker 3: this is what I'm hoping for. This is my most
9:23
Speaker 3: optimistic prediction. But it would surprise me if we just
9:26
Speaker 3: perfect from the old all time high.
9:28
Speaker 2: And of course with that, I always look at Ethereum's
9:31
Speaker 2: next upgrade, which is Pectra getting ready to drop. Maybe
9:34
Speaker 2: there would be enough news in the market to where
9:37
Speaker 2: new capital would come into eight In general, that might
9:41
Speaker 2: be interesting to see if in fact we do get
9:44
Speaker 2: some retail traders start to move, because I think ETH
9:47
Speaker 2: has the biggest opportunity to move right now. For sure,
9:50
Speaker 2: I'm kind of you in your camp. I want to
9:53
Speaker 2: jump over to the Robin Hood's earnings, and they of
9:58
Speaker 2: course did really well, and a lot of this was
10:01
Speaker 2: built around the crypto environment because they've been able to
10:04
Speaker 2: kind of lock in on that.
10:05
Speaker 1: Let me play a clip for.
10:05
Speaker 4: You, So it was cryptocurrency and options trading really driving
10:09
Speaker 4: what was a record quarter for Robinhood. Crypto alone made
10:12
Speaker 4: up roughly forty three percent of total transaction based revenue
10:15
Speaker 4: that doubled from a year ago. Equities only about nine percent,
10:18
Speaker 4: but still a little multi year high. The breakdown is
10:20
Speaker 4: partially a reflection of pricing versus total volume CEO of
10:24
Speaker 4: latent of just telling me last hour that crypto is
10:26
Speaker 4: now becoming more part of a bigger part of mainstream
10:29
Speaker 4: portfolios and that more sophisticated traders are drawn in by
10:32
Speaker 4: the fact that these assets trade twenty four hours, seven
10:36
Speaker 4: days a week.
10:36
Speaker 5: But in terms of what drives the revenue, active traders trading,
10:42
Speaker 5: you know, options and crypto, and you know, increasingly now
10:47
Speaker 5: futures trading, all right.
10:49
Speaker 2: So robin Hood absolutely knocking it out of the park
10:53
Speaker 2: with crypto in general. If you look at their Q
10:55
Speaker 2: one twenty five earnings, you can kind of see the
10:59
Speaker 2: growth right now now of the take rate on crypto,
11:02
Speaker 2: which is pretty significant in terms of continuation, which only
11:07
Speaker 2: means a lot more retail coming into the space. So
11:10
Speaker 2: Robinhood kind of a catalyst for retail traders, but also
11:15
Speaker 2: it's you know, it doesn't have a lot of tokens.
11:18
Speaker 2: But Ethereum is there, Avalanche is there, chain Link is there.
11:21
Speaker 2: There's a handful of mainstream tokens that could end up
11:25
Speaker 2: doing really well if Robinhood continues up the charts.
11:28
Speaker 1: Here.
11:29
Speaker 2: One that I'm interested in to look at as well
11:32
Speaker 2: is Sweet. They're having their big event during Token twenty
11:36
Speaker 2: forty nine. A big deal right here, of course, is
11:39
Speaker 2: that we've got programmable bitcoin now and you can earn
11:43
Speaker 2: yield on this. So all of this is available on
11:46
Speaker 2: the Suite ecosystem coming in. It might be why we're
11:49
Speaker 2: starting to see Suie trade at a premium right now.
11:52
Speaker 2: What is your outlook for Sui as it trades right now?
11:57
Speaker 3: It's a pretty positive outlook. I mean, it has come
11:59
Speaker 3: up a lot, so you do need to be careful here.
12:01
Speaker 3: I mean we're already just just a pertest and perspective,
12:04
Speaker 3: we're up one hundred percent already from the belows. But
12:07
Speaker 3: that doesn't mean you can't. You know, you're still off
12:09
Speaker 3: the highs a bit, so I think you, at least
12:11
Speaker 3: in the next hopefully by end of May, next few weeks,
12:14
Speaker 3: get up to that four fifteen mark. Things generally look
12:16
Speaker 3: like they could keep going on some of these lower
12:18
Speaker 3: time frames, your money flows starting to come back up
12:20
Speaker 3: on some of these lower time frames. So you know,
12:22
Speaker 3: I could easily see something like this in the more
12:24
Speaker 3: short term, get up to that four twenty five mark,
12:28
Speaker 3: and then hopefully break above there at the end of May,
12:30
Speaker 3: get up to that you know, five dollars mark. My
12:33
Speaker 3: range for like that June FOMC meeting is going to
12:36
Speaker 3: be somewhere between old all time highs five bucks all
12:39
Speaker 3: the way up to maybe six dollars. So you know,
12:42
Speaker 3: the optimistic point would be something like this into June,
12:46
Speaker 3: and then you come back down, you retest those old
12:48
Speaker 3: all time highs, maybe come below them, scare a lot
12:51
Speaker 3: of people away, and then fulfill this trend of trajectory
12:54
Speaker 3: into the end of the year, which would be all
12:56
Speaker 3: the way up to ten dollars. So that's a pretty
12:58
Speaker 3: good jump from here. I mean, it could go up
13:00
Speaker 3: even higher. It's hard to say, but I think ten
13:02
Speaker 3: dollars would be a really good goal for this into
13:04
Speaker 3: the end of the year.
13:05
Speaker 2: Is that the trade if you look at a handful
13:08
Speaker 2: of tokens, especially all coins, Let's let's throw a few
13:12
Speaker 2: more into the bag here, and I want you to
13:13
Speaker 2: pick two. All right, so let's put Avalanche in here,
13:17
Speaker 2: Solana in here, Swee in here, and Cardano. Out of
13:21
Speaker 2: those four, which two would you pull away and say
13:23
Speaker 2: I'm going to put more money in those projects?
13:26
Speaker 3: So I would say definitely Avalanche. I have to Avalanche
13:30
Speaker 3: has the best looking charts that I've seen, and they
13:32
Speaker 3: continue to be very, very good. I would take one
13:35
Speaker 3: of the legacy aults. So the two legacy alts there
13:38
Speaker 3: would be Cardano or Solana. It's tough between both of those.
13:42
Speaker 3: I think Cardano may have a little bit and this
13:44
Speaker 3: is just based on charts, may have a little bit
13:46
Speaker 3: more momentum. So it would be a soft pick on
13:49
Speaker 3: Cardano there.
13:50
Speaker 1: Soft pick Cardona, strong pick on that.
13:53
Speaker 3: I think theamentals are better on Solana.
13:55
Speaker 2: But you know, yeah, yeah, if you did miss the
13:58
Speaker 2: Sui play, this is one all coin. Again not financial advice,
14:02
Speaker 2: but this is one all coin we're watching, and that's blub.
14:05
Speaker 2: We've talked about it here on the channel many times.
14:08
Speaker 2: It is one.
14:09
Speaker 1: Have you ever traded this one, Evan.
14:11
Speaker 3: No, I've never even heard of it.
14:15
Speaker 1: Well, you got to check it out, all right, there
14:17
Speaker 1: you go?
14:18
Speaker 3: Ah, okay, okay, so we got some money flow coming
14:21
Speaker 3: up definitely decent on your daily right there, So there's potential.
14:25
Speaker 3: I mean, it's obviously going to be risky. It's hitting
14:27
Speaker 3: a big point like a lot of other coins are hitting.
14:29
Speaker 3: I would say this is a pretty big point right around.
14:32
Speaker 3: It's hard to a million zeros thirty, but you know,
14:35
Speaker 3: you break them up there and then you have your
14:38
Speaker 3: next big point, which would be right at this point. Obviously,
14:41
Speaker 3: be very careful with this. It's hard to say, but
14:44
Speaker 3: you could I could see one hundred and seventy percent
14:46
Speaker 3: run up in the next two months. Obviously very expectulive,
14:49
Speaker 3: very risky, but you know, it could definitely run up
14:52
Speaker 3: and I could see into the end of the year.
14:53
Speaker 3: I mean, it's very hard to say, but let's start.
14:56
Speaker 3: The main major goal is you know, just getting back
14:58
Speaker 3: up to you know, old all time highs, which would
15:00
Speaker 3: be you know, five hundred percent from where we are
15:03
Speaker 3: right now. So obviously very risky, very high risk, high
15:05
Speaker 3: reward investments.
15:07
Speaker 2: This one has not run yet like what we have
15:09
Speaker 2: seen with Suis overall, so it could be a play.
15:14
Speaker 1: We'll see how it goes.
15:16
Speaker 2: There are and by the way, if you guys aren't
15:18
Speaker 2: subscribed to the channel, just take some time right now
15:20
Speaker 2: hit the subscribe button because a lot of times when
15:22
Speaker 2: we're talking about the number of all coins that Evan
15:25
Speaker 2: and I break down, we always love to get your
15:27
Speaker 2: impact so and input, So drop some tokens down below.
15:30
Speaker 1: If you guys think that you've got.
15:32
Speaker 2: Something special out there, we should check out here on
15:34
Speaker 2: the show, let's get into Avalanche. Obviously, the SEC acknowledges
15:38
Speaker 2: the van X filing for a spot ETF right now
15:41
Speaker 2: in AVAX. That is going to be good news if
15:44
Speaker 2: we get If we do see an ETF on Avalanche
15:46
Speaker 2: this year, that would be huge in a shot in
15:49
Speaker 2: the arm for Avalanche because it has been trading a
15:51
Speaker 2: little bit flat. Where do you like Avalanche at fed
15:55
Speaker 2: rate cut day? So where's it going between then and now?
16:00
Speaker 3: Oh man, I'm so excited to show you oup onunch youops,
16:02
Speaker 3: let me just get it on my binance triket a
16:04
Speaker 3: little bit better there. So the big thing here is
16:07
Speaker 3: you know that what we've seen, and I mean it
16:09
Speaker 3: could really jump up here because you saw that rally here,
16:11
Speaker 3: you saw this rally here. I think it may be
16:14
Speaker 3: more almost like this rally, something of this nature. So
16:18
Speaker 3: a lot could happen now this may be a little
16:21
Speaker 3: bit too optimistic, maybe just sixty dollars. So I would
16:24
Speaker 3: say the range for this by that area, it would
16:27
Speaker 3: probably be somewhere between fifty to eighty dollars. Fifty to
16:31
Speaker 3: eighty dollars, like the low point would hopefully be forty
16:34
Speaker 3: nine to fifty. The high point would be these pass
16:37
Speaker 3: big areas back in twenty twenty one that we could
16:40
Speaker 3: hopefully jump back up to. And the reason why is,
16:42
Speaker 3: I mean, it doesn't get much more bullish than this
16:45
Speaker 3: on that two week I mean if you compare it
16:47
Speaker 3: to here, that that that would give us our conservative estimate,
16:49
Speaker 3: which would be down. That'd be your like fifty dollars
16:53
Speaker 3: estimate right there. So I think at least forty eight dollars.
16:56
Speaker 3: Obviously it's speculative, Obviously it could be wrong, but I
16:58
Speaker 3: think you got a really good shot at four eight
17:00
Speaker 3: dollars by that June that FOMC meeting. So if not
17:04
Speaker 3: that a few months alter yeah.
17:06
Speaker 2: Soh so easily a double plus on where your investment
17:11
Speaker 2: might go with this one.
17:12
Speaker 1: And I think that it has been.
17:14
Speaker 2: One of those that is a little bit slower. Let
17:17
Speaker 2: me challenge you a little bit here because I know
17:18
Speaker 2: you're a big Eth fan. If you are brand new
17:21
Speaker 2: to crypto, would you take Ethereum right now? You don't
17:25
Speaker 2: own any Ethereum and you don't own any Avalanche. Which
17:28
Speaker 2: one of those tokens would you take if you can
17:31
Speaker 2: only get one?
17:32
Speaker 3: Well, let me before I answered, I always like to
17:34
Speaker 3: preface that saying that I always always like to have
17:37
Speaker 3: diversification there. But if I'm only going to pick one
17:39
Speaker 3: right now, oh man.
17:41
Speaker 1: If someone's first trade, if I want to trade.
17:44
Speaker 3: If I want more risk, I'm going to take Avalanche.
17:47
Speaker 3: If i want a little bit less risk, I'm going
17:49
Speaker 3: to take Eth, but probably Avalanche because you know, no
17:53
Speaker 3: risk and no biscuit.
17:54
Speaker 1: That's right, no risk and no biscuit. I like it.
17:57
Speaker 2: Well, And you guys can kind of judge for yourself
17:59
Speaker 2: if you are a little bit more conservative, then you
18:01
Speaker 2: know Evan gave you the eighth trade. This is the
18:03
Speaker 2: way to go, all right, So Evan, let's jump over
18:05
Speaker 2: to Solana real quick. And one thing that is happening.
18:09
Speaker 2: You can kind of see Drip. Of course they're talking
18:12
Speaker 2: about it, and that is one of the biggest conferences
18:15
Speaker 2: yet happening in New York. I'm hoping to be there,
18:19
Speaker 2: but this is going to be going on May twenty.
18:21
Speaker 2: Second and third likely is that we're going to see
18:23
Speaker 2: some pretty big announcements there, so with not only what's
18:28
Speaker 2: happening with the collectibles on drips homepage, what they're going
18:31
Speaker 2: to do there at that event, but there probably will be.
18:33
Speaker 1: A lot more announcements.
18:34
Speaker 2: When you look at Solana right now, it's very it
18:37
Speaker 2: has returned to a more normal price zone for Solana.
18:42
Speaker 2: Where do you like Salana by fed erate cut and
18:45
Speaker 2: end of year?
18:48
Speaker 3: Okay, so when we go on to Solana, you know,
18:50
Speaker 3: I'm excited about Slana. So we're hitting off of you know,
18:53
Speaker 3: this big area right here. Your money flow generally looks
18:56
Speaker 3: good in a lot of time frames, especially the daily,
18:58
Speaker 3: looks like you could travel up quite a bit more
19:00
Speaker 3: with this money flow here, you get a lot a
19:02
Speaker 3: lot of green to go. You tegn it your first
19:04
Speaker 3: Segondal target, assuming we break above where we are right now,
19:07
Speaker 3: which I think we will, is going to be really
19:10
Speaker 3: two twenty, which would be a big area. You hit
19:12
Speaker 3: that in the spider line that would be right around
19:14
Speaker 3: that FMC meeting two twenty two twelve to twenty, which
19:17
Speaker 3: would be a huge area. It could be even higher,
19:19
Speaker 3: you know. I would say somewhere between two twenty all
19:22
Speaker 3: the way up to two sixty would be my range
19:24
Speaker 3: for that June FMC meeting, coming up to there, and
19:27
Speaker 3: then you get your summer lull, it gets boring, you
19:30
Speaker 3: get more fear in the market, which you need, and
19:32
Speaker 3: you get your last rally upward too, probably four hundred,
19:36
Speaker 3: which I think is a pretty good goal from here.
19:38
Speaker 3: And that's from where we are right now and the
19:41
Speaker 3: year one hundred and sixty six percent. It's not impossible
19:43
Speaker 3: to go up even higher, maybe six fifty, but I
19:45
Speaker 3: think four hundred is is the big area I would
19:48
Speaker 3: be really looking at for Solana into the end of
19:50
Speaker 3: the year. That would bring it to two hundred billion
19:52
Speaker 3: dollar market cap for more.
19:54
Speaker 2: So yeah, yeah, that would be a significant move. All right, Okay,
19:59
Speaker 2: before we get out of here, when you look at
20:01
Speaker 2: the movers in the market right now, there's a handful
20:04
Speaker 2: of virtuals.
20:05
Speaker 1: Is one of them that I want to talk about.
20:06
Speaker 1: You mentioned it earlier.
20:08
Speaker 2: First of all, when you look at when you look
20:10
Speaker 2: at virtuals up twelve percent on the day right now,
20:12
Speaker 2: look at this climb.
20:13
Speaker 1: This is crazy.
20:15
Speaker 2: Yeah, oh yeah, do you think virtuals has returned and
20:19
Speaker 2: can it come back to this all time high right
20:23
Speaker 2: here where we were clipping it around four to sixty.
20:25
Speaker 1: What are your thoughts?
20:27
Speaker 3: That's the million dollar question. Let's look at the chart
20:29
Speaker 3: and then I'll kind of get an idea of that.
20:31
Speaker 3: So when we go to our virtuals chart right here,
20:34
Speaker 3: good enough, right here, and let's go on there, so
20:37
Speaker 3: big point right here, if we can break above where
20:39
Speaker 3: we are right now, your answer is probably yes. You
20:42
Speaker 3: get a little speed bumping around two dollars, but you
20:44
Speaker 3: break them ve there. I mean, there's other places, you know,
20:47
Speaker 3: three dollars that you can mess around with, but if
20:49
Speaker 3: you break them up there and new all time highs,
20:51
Speaker 3: maybe that's six dollars, six dollars, six dollars seventy eight
20:55
Speaker 3: cents mark. Generally, when you look at money flow on
20:58
Speaker 3: a lot of these timeframes, Banchor waves all that everything
21:01
Speaker 3: generally looks good. So maybe, just maybe by that June
21:06
Speaker 3: FMC meeting, you know you got some time you get
21:09
Speaker 3: up to these areas. Then here's the plot twist. You
21:12
Speaker 3: get to your summer lull or something, come back quite
21:14
Speaker 3: a bit, and then into the end of the year
21:16
Speaker 3: maybe that's your high, you know what I mean, maybe
21:19
Speaker 3: you don't some of the that's what happens a lot
21:22
Speaker 3: of everybody that's excited. Oh, same thing is going to
21:25
Speaker 3: happen again when they see the summer lull. But then
21:27
Speaker 3: you don't go up any higher. That's where it could get,
21:30
Speaker 3: you know, That's where it could get a little tricky there.
21:32
Speaker 3: So just keep that in mind.
21:34
Speaker 2: But yeah, for sure, go out and do your research
21:37
Speaker 2: on virtuals great AI agent project. We've talked about it
21:41
Speaker 2: quite a bit here on the show.
21:42
Speaker 1: We've got several videos.
21:42
Speaker 2: If you guys just want to search virtuals, you'll pick
21:45
Speaker 2: up a lot of our coverage and research on that
21:47
Speaker 2: to get you kind of in the in the game here.
21:49
Speaker 2: But it is one that could be playing pretty strong.
21:52
Speaker 2: And of course you also have to kind of consider
21:55
Speaker 2: the potential of the connection with Animoca Brands.
21:57
Speaker 1: Which is a huge Web three outfit.
22:00
Speaker 2: With Yatsu leading that all of that could resonate into
22:04
Speaker 2: a resurgence into this space, and especially with the news
22:07
Speaker 2: on Apple and Epic Games, I think the landscape is
22:11
Speaker 2: getting ready to change again for a lot of technology
22:14
Speaker 2: and crypto may be in the center of all of that. Evan,
22:17
Speaker 2: it's always good chatting with you. Thanks again for coming
22:19
Speaker 2: in today. We appreciate it.
22:21
Speaker 3: Yeah, thanks so much for it was a pleasureme.
22:23
Speaker 2: You bet all right, you guys, If you're not in
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22:36
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