Latest / The Paul Barron Crypto Show / Catalyst Countdown⏳Technical Analysis📉 with Tim Warren

Transcript

Catalyst Countdown⏳Technical Analysis📉 with Tim Warren · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Catalysts are on the way, could impact the market, and
• 0:02
  Speaker 1: there's a lot of things that are leading into some
• 0:06
  Speaker 1: very interesting narratives. We'll break it down for you guys today.
• 0:09
  Speaker 1: Before we do that, I want to thank our sponsor.
• 0:11
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  Speaker 1: It's going to give you a $ 100 funding.
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  Speaker 2: Reward to get started.
• 0:38
  Speaker 1: And you're going to have to start tax planning soon.
• 0:40
  Speaker 1: And IRAs are one of the diversification things that you
• 0:43
  Speaker 1: should be doing to set yourself up for success. Let's
• 0:46
  Speaker 1: get started. I want to bring in Tim Warren coming
• 0:48
  Speaker 1: in from Tim Warren Trades.
• 0:50
  Speaker 2: How are you? Doing good, Paul. How are you doing?
• 0:54
  Speaker 2: I'm excellent, man.
• 0:55
  Speaker 1: We're going to lock in on a couple of digital
• 0:58
  Speaker 1: assets here, but we're also going to take a look
• 0:59
  Speaker 1: at some of the markets as well for everybody. By
• 1:02
  Speaker 1: the way, if you guys are not following Tim, jump
• 1:04
  Speaker 1: over to his YouTube channel. Right now, here on the front,
• 1:07
  Speaker 1: Tim Warren Trades right there. We're going to break 70,000 subs.
• 1:13
  Speaker 1: Let's go there, bro. We need to break 70k. And
• 1:18
  Speaker 1: before you know it, we're going to be popping off.
• 1:20
  Speaker 2: We did tell our community. We told our community. So
• 1:22
  Speaker 2: we have like what? About nine more days. If we
• 1:25
  Speaker 2: get to 68, I think we need like 400 more subscribers. 68,000,
• 1:29
  Speaker 2: we'll give away $ 500 to one of our subscribers next week.
• 1:33
  Speaker 2: Let's go, guys. Come on. Get there.
• 1:36
  Speaker 1: 500 bucks is in the bag.
• 1:37
  Speaker 2: Here we go. All right, Tim.
• 1:40
  Speaker 1: Let's take a look at some things because this is
• 1:42
  Speaker 1: happening right now. You had a pretty bad sell-off today.
• 1:45
  Speaker 1: Wall Street, $ 790 billion wiped out. Looking at right now,
• 1:50
  Speaker 1: nearly a trillion wipeout across six major Asian markets as well.
• 1:55
  Speaker 1: This thing got to be a rampant problem across the globe.
• 2:00
  Speaker 1: And you're looking at not only that, but now it's
• 2:03
  Speaker 1: starting to bleed into crypto. Obviously, we've seen this situation
• 2:07
  Speaker 1: occur around Bitcoin.
• 2:09
  Speaker 3: U.S.
• 2:09
  Speaker 1: Markets, $ 1. 1 trillion wiped out today. The S & P
• 2:12
  Speaker 1: down 980%. Nvidia down $ 200 billion, SpaceX down $ 130 billion.
• 2:19
  Speaker 1: I think there's some reasons on that, though, and we'll
• 2:21
  Speaker 1: talk about that. Meta also down $ 110 billion.
• 2:25
  Speaker 2: Wiped out.
• 2:25
  Speaker 1: First of all, when you saw the market moving this
• 2:28
  Speaker 1: morning like what we are seeing, what were some of
• 2:32
  Speaker 1: the catalysts that you were considering that were underway that
• 2:36
  Speaker 1: were causing this?
• 2:37
  Speaker 2: Yeah, well, I mean, the first thing, obviously, so when
• 2:40
  Speaker 2: I woke up this morning, I checked charts, right? That's
• 2:43
  Speaker 2: what's usually one of the first things I do in
• 2:44
  Speaker 2: the morning. And I saw that markets were down. In
• 2:46
  Speaker 2: my show yesterday, we told our community there were some
• 2:49
  Speaker 2: daily buy signals we liked. There's actually some really good things.
• 2:51
  Speaker 2: You'll see yesterday's video. It said breakout confirmed. We broke
• 2:54
  Speaker 2: a lot of resistance. We are forming some daily buy
• 2:56
  Speaker 2: signals that historically, I never promised anyone anything. There's always
• 3:00
  Speaker 2: a chance that it fails and it gets invalidated, but
• 3:03
  Speaker 2: daily buy signals have been very good recently. So I'm
• 3:04
  Speaker 2: looking at this and I told my community, Hey, let's
• 3:06
  Speaker 2: get a pullback. We'll look for something maybe tomorrow or
• 3:09
  Speaker 2: the next day. My brain was thinking like 82, five 83.
• 3:13
  Speaker 2: So obviously we've come down lower than that. I am
• 3:15
  Speaker 2: surprised by how low we've gotten, but the fact that
• 3:18
  Speaker 2: we pulled back, isn't the surprise to me. It's how strong.
• 3:21
  Speaker 2: And then of course you go through the news and
• 3:23
  Speaker 2: you see things like the Chinese stock market or the
• 3:25
  Speaker 2: Chinese economy is technically in a bear market because it's
• 3:30
  Speaker 2: down 20%. All these hacks happening across Asian platforms. So
• 3:37
  Speaker 2: that explains it a little better. Okay.
• 3:39
  Speaker 1: So let's go to the Bitcoin chart real quick because
• 3:42
  Speaker 1: you had a tweet out there, Bitcoin on fire. I
• 3:44
  Speaker 1: wasn't sure if you were talking on fire as in
• 3:47
  Speaker 1: burning or on fire as in hot. Which way are
• 3:51
  Speaker 1: you going here?
• 3:52
  Speaker 2: Yeah, well, to be fair, this is my business partner
• 3:54
  Speaker 2: tweeting from my account. He's the news guy, the fundamental guy.
• 3:59
  Speaker 2: And obviously, we don't have the data today from what
• 4:02
  Speaker 2: the inflows are doing. But in the last three days,
• 4:04
  Speaker 2: meaning the previous three days, this week, Monday, Tuesday, Wednesday,
• 4:08
  Speaker 2: over a billion dollars of inflows for Bitcoin ETFs. So
• 4:11
  Speaker 2: there's been clear demand. Now, again, today, we wake up,
• 4:14
  Speaker 2: everything's down. We'll have to see tomorrow what the damage is.
• 4:18
  Speaker 2: I'm sure there's some ETFs selling off there. But the
• 4:20
  Speaker 2: reality is, institutional interest peaked here earlier this week. And yes,
• 4:26
  Speaker 2: we're down right now. But like I just said, there's
• 4:28
  Speaker 2: some catalysts out there. We were already anticipating a pullback yesterday.
• 4:32
  Speaker 2: Is it more extreme? I'll show you on the charts
• 4:34
  Speaker 2: kind of what I'm thinking, what I'm looking at right here.
• 4:36
  Speaker 2: So the first thing from a very structural standpoint, you know,
• 4:40
  Speaker 2: you go back a couple of days ago, Paul, I
• 4:41
  Speaker 2: was still in the camp of saying, I think 75
• 4:44
  Speaker 2: K is needed, maybe even coming all the way back
• 4:47
  Speaker 2: down to the 200 day moving average. So if I
• 4:49
  Speaker 2: ended up being wrong about the confirmed breakout and the
• 4:52
  Speaker 2: daily buy signal is invalidated, well, I'll just go right
• 4:55
  Speaker 2: back to looking for 75 to 72 K or at
• 4:58
  Speaker 2: this point, 73 K. That's what the 200 day moving
• 5:00
  Speaker 2: average is. I'll go, I'll go back there.
• 5:02
  Speaker 4: Right.
• 5:03
  Speaker 2: But for right now, what I'm What I'm still watching
• 5:07
  Speaker 2: is we were in, let's go to the four-hour charts.
• 5:09
  Speaker 2: This looks a little cleaner, looks a little better. We
• 5:11
  Speaker 2: were in a little bit of a falling channel pattern.
• 5:13
  Speaker 2: If you look at my red line and green line
• 5:15
  Speaker 2: right here, there was definitely constricted movements. Now, we broke
• 5:19
  Speaker 2: out of this the other day back on the 20th.
• 5:21
  Speaker 2: combined with, if you go back to the daily chart,
• 5:24
  Speaker 2: my Neurowave indicator, and again, I won't spend a lot
• 5:27
  Speaker 2: of time going into this, but we had a confirmed
• 5:30
  Speaker 2: daily buy signal the other day. This green dot with
• 5:32
  Speaker 2: the upflow in money, this money flow right here, this
• 5:35
  Speaker 2: red dot right here, it's flowing to the positive side.
• 5:37
  Speaker 2: It's still bullish here today. The last couple of times
• 5:40
  Speaker 2: we've gotten this, think back to September 18th, think back
• 5:42
  Speaker 2: here to August 18th, very, very bullish periods of time
• 5:46
  Speaker 2: for Bitcoin. And in fact- Again, I don't want to
• 5:48
  Speaker 2: waste your time with this, but if you go back,
• 5:50
  Speaker 2: even in the bear market, it's not common. It happens,
• 5:54
  Speaker 2: but like daily buy signals with this indicator have a
• 5:57
  Speaker 2: roughly 80% probability of putting us at least back up
• 6:01
  Speaker 2: to where the previous high was, if not going higher.
• 6:04
  Speaker 2: So when I see that indicator and I see the breakout,
• 6:07
  Speaker 2: it leads me to be bullish. Now, what I like
• 6:09
  Speaker 2: to do is I like to take a look at
• 6:11
  Speaker 2: the two-day chart and decide when I buy once I
• 6:14
  Speaker 2: see those daily buy signals. And yesterday you can see
• 6:16
  Speaker 2: We'll just look at the RSI. Look at how high
• 6:18
  Speaker 2: we were yesterday. When I was doing my live show yesterday,
• 6:21
  Speaker 2: this is where the RSI was. I'm like, I'm not
• 6:23
  Speaker 2: buying an asset that has an RSI level way over
• 6:27
  Speaker 2: 70 points here. So I was looking for a pullback.
• 6:31
  Speaker 2: Guess what? The pullback has happened. What I'm curious and
• 6:34
  Speaker 2: wondering about is were we just in this pullback because
• 6:38
  Speaker 2: of the bad news in Asia, it could have easily
• 6:41
  Speaker 2: bounced here around, again, 82 to even 80, 82 or so.
• 6:45
  Speaker 2: But we didn't, we went a little lower. Were we
• 6:47
  Speaker 2: chasing some liquidations of long positions that were put in
• 6:51
  Speaker 2: position back here on October 20th. If this will load
• 6:54
  Speaker 2: for me, there you go. You can see there's a
• 6:55
  Speaker 2: nice looking order block sitting down here on 80,600. We
• 6:59
  Speaker 2: just kissed it not long before doing this video. So
• 7:03
  Speaker 2: to me, I'm not ready to abandon the buy signal
• 7:07
  Speaker 2: and the breakout. I do think we have a little
• 7:09
  Speaker 2: bit of a bearish move right here, but for me,
• 7:11
  Speaker 2: the line in the sand is gonna be this 80K mark,
• 7:14
  Speaker 2: the bottom of my green box here. As long as
• 7:17
  Speaker 2: we stay above that green, the bottom of that green box,
• 7:19
  Speaker 2: we're good to go. I still think that this is
• 7:21
  Speaker 2: a daily buy. So if we lose it, that's OK.
• 7:24
  Speaker 2: I'll flip. I'm not a big believer that there's ever
• 7:27
  Speaker 2: really a time to go all in until there's some
• 7:30
  Speaker 2: people going to hate this. You're like, shouldn't you go
• 7:32
  Speaker 2: all in at the bottom? You never know at the
• 7:34
  Speaker 2: bottom if that's the bottom. You can take an educated guess.
• 7:37
  Speaker 2: You can look at analytics. You can look at charts.
• 7:40
  Speaker 2: I'm a big believer of look at your key support
• 7:43
  Speaker 2: levels and look at your key resistance levels. Buy extreme
• 7:47
  Speaker 2: weakness at support or extreme strength of breakouts above resistance.
• 7:51
  Speaker 2: So did I buy some Bitcoin spotwise the other day
• 7:54
  Speaker 2: when we broke resistance and got that daily buy signal? Yes,
• 7:57
  Speaker 2: I did. Was it a perfect buy? No, it was not.
• 7:59
  Speaker 2: Where's my next buy going to be? My next buy
• 8:01
  Speaker 2: is either going to be another break to the upside.
• 8:04
  Speaker 2: or all the way back down there at 75K.
• 8:06
  Speaker 5: Why?
• 8:06
  Speaker 2: Because 75K is going to be where we come back
• 8:09
  Speaker 2: into support. I'm going to buy support levels. I'm going
• 8:12
  Speaker 2: to DCA in. But let's pretend, Paul, I had $ 10, 000.
• 8:15
  Speaker 2: I'm never, $ 10, 000 of dry powder, that is. I'm never
• 8:18
  Speaker 2: taking $ 10, 000 of dry powder and going all in right there.
• 8:22
  Speaker 2: You might find me having convictions saying, you know what,
• 8:24
  Speaker 2: let's put like 4,000 to 5,000. Let's put like almost
• 8:26
  Speaker 2: half of this in here because I do think this
• 8:28
  Speaker 2: is the bottom. Sure, that's great. But I'm always going
• 8:31
  Speaker 2: to hold at least a little bit. to make sure
• 8:33
  Speaker 2: there's not something lower. And if you say like, well, Tim,
• 8:36
  Speaker 2: how do you keep stacking? Two ways. Number one, I
• 8:39
  Speaker 2: day trade. So I have profits from shorts and longs.
• 8:42
  Speaker 2: I stack and I keep adding dry powder. I also
• 8:44
  Speaker 2: have a monthly income and I have this thing called
• 8:46
  Speaker 2: a budget. Every single month, my wife allows me to
• 8:48
  Speaker 2: take some of our income and put that towards buying
• 8:52
  Speaker 2: dips when they happen. So if you're looking for a
• 8:54
  Speaker 2: way to always have cash in that dry powder bag,
• 8:58
  Speaker 2: look to day trade, look to have a budget. That's
• 9:00
  Speaker 2: my advice for you.
• 9:02
  Speaker 1: Well, and I think what people are asking right now is,
• 9:05
  Speaker 1: has this bleeding ended? Is it going to stop? I'm
• 9:09
  Speaker 1: still concerned right now that we've got a much larger
• 9:13
  Speaker 1: macro headwind coming to us. And this could obviously be
• 9:17
  Speaker 1: a catalyst coming out of China, which could, of course,
• 9:21
  Speaker 1: introduce macro headwinds all the way going into U.S. treasuries,
• 9:25
  Speaker 1: which will, of course, start to affect the U.S., That's
• 9:28
  Speaker 1: the bigger concern. So I still think we are going
• 9:31
  Speaker 1: to see a sub 80K Bitcoin again.
• 9:33
  Speaker 2: It's possible. It definitely is possible.
• 9:36
  Speaker 1: I want to touch on midterms, OK?
• 9:38
  Speaker 2: Yeah.
• 9:39
  Speaker 1: Because this is also looked at as possibly a correlation
• 9:43
  Speaker 1: to what's happening in the crypto markets. I want to
• 9:45
  Speaker 1: play Sat1 here.
• 9:46
  Speaker 2: This is Schwab. On average, there's little impact of rising
• 9:51
  Speaker 2: odds of a blue sweep in Congress.
• 9:54
  Speaker 1: Impacting crypto prices. Looking at the correlation there hasn't been
• 9:57
  Speaker 1: much of a correlation between the two. All right, so
• 10:02
  Speaker 1: I'm going to kind of push back on this. I
• 10:04
  Speaker 1: think there is a correlation between the two. And if
• 10:08
  Speaker 1: you just look at what's going on with PolyMarket, and
• 10:11
  Speaker 1: where it has been. When you consider these epic rises,
• 10:16
  Speaker 1: a lot of these moves, if you go back here
• 10:18
  Speaker 1: into this mid, you know, late August range, and if
• 10:22
  Speaker 1: you jump over into, you know, mid, late August right there,
• 10:25
  Speaker 1: I mean, you've got an epic rise in Bitcoin right
• 10:27
  Speaker 1: there coming up. Same kind of thing has happened right
• 10:31
  Speaker 1: here around mid-September. And then we've even seen this kind
• 10:35
  Speaker 1: of this lower section right here where it's almost in
• 10:38
  Speaker 1: alignment with these dips. Let me kind of zoom in
• 10:40
  Speaker 1: on that.
• 10:40
  Speaker 2: For you guys.
• 10:41
  Speaker 1: So it has a lot of similarities to it. And
• 10:44
  Speaker 1: the reason that people would say, well, wait a minute,
• 10:46
  Speaker 1: why is a democratic party a good thing for crypto?
• 10:50
  Speaker 1: And I think it's a gridlock situation. If you think
• 10:53
  Speaker 1: of what's happened with Clarity, which has been in reality
• 10:56
  Speaker 1: good for crypto, I know Saylor just recently came out,
• 10:59
  Speaker 1: probably one of the best things could have happened to crypto.
• 11:02
  Speaker 1: This may be another advantage that gridlock is possibly gonna
• 11:07
  Speaker 1: face this and others and could push off everything you
• 11:11
  Speaker 1: can imagine away from focusing on crypto. So hopefully Senator
• 11:15
  Speaker 1: Warren would not be putting her crosshairs on crypto after this.
• 11:19
  Speaker 2: What do you think? The reality is when it comes
• 11:21
  Speaker 2: to the markets and this type of stuff, Paul, is
• 11:23
  Speaker 2: perception does not equal reality. And the markets are way
• 11:27
  Speaker 2: more about perception. Case in point, do you guys remember
• 11:31
  Speaker 2: in 2024, fall of 2024, when the perception was that
• 11:35
  Speaker 2: Donald Trump would be the greatest thing for the crypto markets?
• 11:38
  Speaker 2: He wins the election. Bitcoin and altcoins rip up to
• 11:42
  Speaker 2: the upside. And then day one of him being in office,
• 11:44
  Speaker 2: he starts doing things that are bad for crypto. The
• 11:47
  Speaker 2: reality is Donald Trump to this point has not been
• 11:50
  Speaker 2: the greatest thing for crypto, but perception was that he
• 11:53
  Speaker 2: would be. So people are going to argue all day long, Paul,
• 11:56
  Speaker 2: about if we should have Democrats in power or if
• 11:59
  Speaker 2: we should have Republicans in power. Here's the two reasons
• 12:02
  Speaker 2: why I think midterms can be bullish. Number one, let's
• 12:05
  Speaker 2: pretend we live in a world, Paul, where Democrats are
• 12:08
  Speaker 2: perceived to be bad for cryptocurrency. You just showed us
• 12:11
  Speaker 2: those marks right there about predictions. Everyone right now is
• 12:14
  Speaker 2: expecting Democrats to win. So if that's the expectation, we're
• 12:18
  Speaker 2: baking it ahead of time that Democrats are going to win. Therefore,
• 12:21
  Speaker 2: maybe they're not bullish for it, but they're not going
• 12:23
  Speaker 2: to hurt it either because we're already expecting it. On
• 12:25
  Speaker 2: the flip side, like I said, perception is everything. We
• 12:28
  Speaker 2: thought we perceived that Donald Trump, a change in the
• 12:31
  Speaker 2: guard from Joe Biden to Donald Trump would be bullish
• 12:34
  Speaker 2: for crypto. Therefore, when he won, prices shot to the upside.
• 12:38
  Speaker 2: I think there's a group of people out there are saying,
• 12:39
  Speaker 2: look at what Donald Trump's done over the last two years.
• 12:41
  Speaker 2: He's been terrible for crypto. We perceive that a flip
• 12:44
  Speaker 2: back to Democrat leadership could actually be the most bullish
• 12:47
  Speaker 2: thing for crypto. Therefore, there's a world in which I
• 12:50
  Speaker 2: see the election going as planned. Democrats win everything. And
• 12:54
  Speaker 2: the market's ripped to the upside because of both sides
• 12:56
  Speaker 2: of the coin. We were expecting it. And there's a
• 12:58
  Speaker 2: weird perception that people think it's going to be good.
• 13:01
  Speaker 1: So I guess the question would be is how does
• 13:05
  Speaker 1: this lead into the midterms? Here we are, October 22nd.
• 13:08
  Speaker 2: We've got a.
• 13:12
  Speaker 1: Do you think we see another continued downtrend here before
• 13:16
  Speaker 1: the midterms? Or do you feel like we might see
• 13:19
  Speaker 1: a pump before the midterms? Where do you land on that?
• 13:22
  Speaker 2: It depends on what we do here with ADK. If
• 13:24
  Speaker 2: we can keep ADK support, then we keep rallying into it.
• 13:28
  Speaker 2: If we lose it, I'm looking for that 70, 75, 73.
• 13:30
  Speaker 2: All right.
• 13:32
  Speaker 1: So let's jump over to China. And I want to
• 13:34
  Speaker 1: reiterate a couple of things. This, of course, is kind
• 13:36
  Speaker 1: of leaning into your thesis here. You had China's stock
• 13:39
  Speaker 1: market officially entered the bear market. We showed this earlier,
• 13:43
  Speaker 1: but there's the AI trade down, taking a beating. And
• 13:46
  Speaker 1: we've been following a lot of these tokens and a
• 13:48
  Speaker 1: lot of these stocks that come out of China. If
• 13:51
  Speaker 1: you jump down here, let me jump over to my
• 13:54
  Speaker 1: China chart. A couple of these I want to hit on.
• 13:57
  Speaker 1: First of all is the CSI 300 index. So this
• 14:00
  Speaker 1: gets into a lot of that that really starts to
• 14:03
  Speaker 1: take a look. If we start to dip into this,
• 14:05
  Speaker 1: this being Chinese stock index index, If we start to
• 14:09
  Speaker 1: see this dip further, it's likely you're going to see
• 14:12
  Speaker 1: a stimulus start to make its way in as China
• 14:16
  Speaker 1: figures out a way to stimulate their economy because they
• 14:19
  Speaker 1: cannot have this end up happening. And further into that,
• 14:23
  Speaker 1: I just want to show you something here. Here is CXMT. This,
• 14:26
  Speaker 1: of course, was on the weekly. Right there is the
• 14:29
  Speaker 1: bleed that we've been talking about. This is one of
• 14:31
  Speaker 1: the chip makers out there. Think of this as the
• 14:33
  Speaker 1: micron of China. You look at Samsung, also had a
• 14:37
  Speaker 1: bad day and bad week. You've got SK Hynix, also
• 14:41
  Speaker 1: another manufacturer right there. Let's take a look at BYD,
• 14:44
  Speaker 1: also dipping down, which is the EV maker right there
• 14:47
  Speaker 1: in China, which has been dominating really overall. But I
• 14:50
  Speaker 1: want to go to a clip real quick, and this
• 14:53
  Speaker 1: will start to lead into why maybe there is a
• 14:56
  Speaker 1: Chinese stimulus coming.
• 14:57
  Speaker 2: Take a look.
• 14:58
  Speaker 6: It might require a fiscal stimulus from the government to
• 15:02
  Speaker 6: see a broad-based recovery in China economy. But if you
• 15:04
  Speaker 6: look at the medium-term outlook over the next five years,
• 15:07
  Speaker 6: China is going to spend $ 3. 7 trillion when it comes
• 15:11
  Speaker 6: to the six networks. That's 20% of China's economy. So
• 15:15
  Speaker 6: I do think this pullback that we have seen in China, Asia,
• 15:18
  Speaker 6: hardware stocks, that's a buying opportunity.
• 15:22
  Speaker 1: I think that is the case, is this is a
• 15:24
  Speaker 1: buying opportunity. We did a whole China video yesterday. I
• 15:27
  Speaker 1: think it was yesterday. that we put it out, really
• 15:31
  Speaker 1: analyzing this ahead of what news came out today, basically
• 15:36
  Speaker 1: looking at what potentially could be lining up here as
• 15:39
  Speaker 1: a major buy opportunity. And this goes a little bit further.
• 15:44
  Speaker 1: I don't know if you follow Linus Tech Tips out there,
• 15:47
  Speaker 1: you know, if you're- A little bit, yeah, yeah.
• 15:48
  Speaker 6: Okay, all right.
• 15:49
  Speaker 1: So Linus did a whole analysis on CXMT. This is
• 15:53
  Speaker 1: an important part too, because they could have a huge,
• 15:58
  Speaker 1: may be indicator to a lot of the chip makers
• 16:01
  Speaker 1: here in the US because of the competitive nature that
• 16:04
  Speaker 1: I think they bring to the market. Let me play
• 16:06
  Speaker 1: this clip from Linus.
• 16:08
  Speaker 7: I was, you know, Kind of hopeful that CXMT having
• 16:12
  Speaker 7: a bunch of capacity go online would like have some
• 16:15
  Speaker 7: kind of an impact of some sort. And instead, it
• 16:18
  Speaker 7: seems like what actually happened was all the supply that
• 16:21
  Speaker 7: they could possibly muster was immediately absorbed. And if you
• 16:27
  Speaker 7: can make semiconductors of any sort right now. It is
• 16:31
  Speaker 7: a license to print money. You print as much of
• 16:33
  Speaker 7: it as you can and someone will buy it and
• 16:35
  Speaker 7: then you have money. And CXMT is a beneficiary of that.
• 16:40
  Speaker 7: It is going to surprise some people. The Korean and
• 16:43
  Speaker 7: American companies under-investing in capacity is going to be their
• 16:49
  Speaker 7: downfall it might take five years it might take 10
• 16:52
  Speaker 7: years it might take 20 years but in keeping the
• 16:56
  Speaker 7: price of memory so high they are effectively funding cxmt
• 17:02
  Speaker 7: like ultimate takeover of the memory market.
• 17:06
  Speaker 1: All right so the point he's getting at and the
• 17:08
  Speaker 1: reason this is important to everybody out there is if
• 17:11
  Speaker 1: you're considering the ai trade and the productivity ai becoming
• 17:16
  Speaker 1: a bleed-in to what's happening in the crypto market, CXMT
• 17:19
  Speaker 1: is going to become a new titan in the industry. Now,
• 17:23
  Speaker 1: I agree with Linus there is that they, right now,
• 17:25
  Speaker 1: they're just following the line of the market. Market goes
• 17:29
  Speaker 1: up and they're going to attack it and go up
• 17:31
  Speaker 1: with the market. But they are now in a position, China,
• 17:34
  Speaker 1: and this is their golden child in terms of the
• 17:37
  Speaker 1: stock market. This is their SpaceX. I think they're going
• 17:41
  Speaker 1: to have to get into a position where they have
• 17:43
  Speaker 1: to become more competitive so they can start undercutting these companies,
• 17:47
  Speaker 1: which puts more pressure on the U.S. companies.
• 17:50
  Speaker 2: This is all good for AI, I think.
• 17:52
  Speaker 1: In general, long term. It's going to cheapen a lot
• 17:55
  Speaker 1: of these things. And compute is one of the biggest
• 17:57
  Speaker 1: problems that we're dealing with. So those are the things
• 18:00
  Speaker 1: I'm watching very closely. And it gets into even what's
• 18:05
  Speaker 1: going on with Solana because this all correlates. That's why
• 18:08
  Speaker 1: I think you're seeing Solana put so much effort in
• 18:11
  Speaker 1: connectivity to what's happening in China. App and Glow launches
• 18:15
  Speaker 1: now live on Solana mainnet. Went from 12.8 seconds. This
• 18:19
  Speaker 1: is insane, man. 150 milliseconds. This is crazy in terms
• 18:24
  Speaker 1: of the advancement of speed. They are now in lockstep
• 18:28
  Speaker 1: with the biggest companies out there in terms of just
• 18:33
  Speaker 1: transaction speed for payments. So when you look at Solana.
• 18:37
  Speaker 1: On the chart right now, how does it fare for you?
• 18:42
  Speaker 3: Yeah.
• 18:42
  Speaker 2: I mean, in a similar boat to Bitcoin, but what
• 18:44
  Speaker 2: you're seeing today with Solana is, I don't know if
• 18:47
  Speaker 2: it's the Alpenglow news that is keeping it from being
• 18:50
  Speaker 2: as severe. I mean, Bitcoin right now is down 3.44%
• 18:53
  Speaker 2: of the day. Solana only 3.1, right? So like Solana-
• 18:58
  Speaker 2: in the pullback isn't even as severe as Bitcoin. That's
• 19:01
  Speaker 2: actually quite surprising. Maybe that's a sign of like people
• 19:03
  Speaker 2: aren't as bearish there. Solana, very similar to Bitcoin. There's
• 19:06
  Speaker 2: a lot of similarities across multiple crypto charts. Had a
• 19:10
  Speaker 2: daily buy signal here the other day, broke above a
• 19:12
  Speaker 2: trend of resistance, told the community yesterday, hey, we're looking
• 19:15
  Speaker 2: for a pullback on Solana as well. This one's a
• 19:18
  Speaker 2: little more realistic. I think I was looking at the 103,
• 19:21
  Speaker 2: 102 zone. for that pullback. So more realistic, I'm not
• 19:25
  Speaker 2: necessarily as surprised right there. So at the moment, again,
• 19:29
  Speaker 2: just like Bitcoin, I'm cautiously optimistic that Solana is ready
• 19:34
  Speaker 2: for another move to the upside. Again, going back to
• 19:36
  Speaker 2: that daily buy signal, I'm showing people on this chart
• 19:38
  Speaker 2: right here, that green dot, that positive money flow. Again,
• 19:41
  Speaker 2: you correlate that with these dates that they've happened previously.
• 19:45
  Speaker 2: And those were fantastic times to be acquiring Solana before
• 19:49
  Speaker 2: running up to a high high. So until I see
• 19:51
  Speaker 2: that break, and for me, the number is going to
• 19:53
  Speaker 2: be probably here around $ 100. $ 100 is my support level
• 19:56
  Speaker 2: for Solana. I'm bullish as long as we're above it.
• 19:59
  Speaker 2: We drop below it, and then all of a sudden,
• 20:02
  Speaker 2: I'm looking at levels of support down below, probably somewhere
• 20:06
  Speaker 2: in the world down here of 90 to 93. I
• 20:08
  Speaker 2: think if I were to go to a different time frame,
• 20:11
  Speaker 2: let me look. Yeah, there we go. 22% order block
• 20:14
  Speaker 2: here on the 12 hour chart around $ 93. So if
• 20:18
  Speaker 2: we lose a hundred, I'll look for 93 to 90.
• 20:20
  Speaker 2: Otherwise I just, I've learned historically, I'm better off trusting
• 20:26
  Speaker 2: the daily buy signal until it shows me it's failed.
• 20:29
  Speaker 2: Then I trade the failure. I trade the trade to
• 20:31
  Speaker 2: the downside. Otherwise though, I'm going to continue to look
• 20:34
  Speaker 2: for a move to the upside on Solana before I
• 20:36
  Speaker 2: look for the next move down. Okay.
• 20:38
  Speaker 1: So you're still very bullish on, on soul. Um, One
• 20:42
  Speaker 1: thing to watch right now is some of the deals
• 20:45
  Speaker 1: that are being made in the industry. And this was announced. Well,
• 20:48
  Speaker 1: I shouldn't say it was announced. It was rumored. You
• 20:51
  Speaker 1: had Axios actually reported on this, that Visa was in
• 20:54
  Speaker 1: late-stage talks with Firebox. I think this was almost either
• 20:58
  Speaker 1: a rumor that was put out there because Visa is
• 21:01
  Speaker 1: and maybe realizes they're now in competition with Solana and
• 21:05
  Speaker 1: that eventually we're going to see a Solana payment model
• 21:08
  Speaker 1: that is going to rival that of a lot of
• 21:10
  Speaker 1: the credit card networks. Fireblocks, of course, came out and said, no,
• 21:14
  Speaker 1: that's not the case.
• 21:15
  Speaker 2: It's news to us.
• 21:16
  Speaker 1: Then Visa responded, we're not going to comment on rumors
• 21:19
  Speaker 1: or speculation. Listen, there's something going on here when it
• 21:23
  Speaker 1: comes to crypto payments. And it's going to get big fast.
• 21:27
  Speaker 1: And I think Visa sees the writing on the wall.
• 21:30
  Speaker 1: The banks are probably seeing it. coming in as well.
• 21:33
  Speaker 1: So some big deals coming down.
• 21:35
  Speaker 2: Did you just, did you just accuse a massive corporation
• 21:40
  Speaker 2: of putting out potentially fake headlines for ulterior motives? All
• 21:43
  Speaker 2: the time.
• 21:44
  Speaker 1: I think they're always, listen, there's always an alternate agenda.
• 21:49
  Speaker 1: I question everything. I question everything now. I trust nothing.
• 21:53
  Speaker 1: I mean, nothing. Uh, you, you have to. So, uh,
• 21:58
  Speaker 1: listen guys, this is, uh, it's going to get interesting
• 22:00
  Speaker 1: and it's going to get interesting fast. So pay attention
• 22:03
  Speaker 1: because things are getting ready to move. Let's go to
• 22:06
  Speaker 1: this right here because this is a big debate. And
• 22:08
  Speaker 1: I know you are a Chainlink guy. And when I
• 22:11
  Speaker 1: say a Chainlink guy, you have been charting and following
• 22:15
  Speaker 1: Chainlink for a long time. And you've been very much
• 22:19
  Speaker 1: of an advocate for what they're doing as an oracle.
• 22:22
  Speaker 1: And now you have a big debate here. You've got
• 22:24
  Speaker 1: Chainlink and Avalanche possibly becoming a very unique, either partnership
• 22:31
  Speaker 1: or alignment. Here's my question to you and for our
• 22:35
  Speaker 1: listeners and viewers. If you had to only buy one
• 22:38
  Speaker 1: token in these two, which one would you buy? Would
• 22:41
  Speaker 1: you still stay with Chainlink or where would you land?
• 22:43
  Speaker 2: Well, listen, I like AVAX. And I did a video
• 22:45
  Speaker 2: the other day that I know made some people upset
• 22:48
  Speaker 2: where I went through my top 10 holdings. And just
• 22:51
  Speaker 2: so you know, even the coin I flipped in number 10,
• 22:54
  Speaker 2: today I'm sitting here saying, did I make a mistake
• 22:56
  Speaker 2: putting that coin in number 10? Should I actually have
• 22:58
  Speaker 2: put this other coin instead? I hold more than 10 coins, right? So,
• 23:02
  Speaker 2: and hopefully people never listen to those videos and just assume, well,
• 23:05
  Speaker 2: if Tim doesn't put a coin into his video, that
• 23:07
  Speaker 2: means he absolutely hates it. I like AVAX. I like
• 23:10
  Speaker 2: fundamentally what AVAX is about. My fundamental guy, Crux of Crypto,
• 23:14
  Speaker 2: absolutely loves AVAX. If you're telling me though, like, let
• 23:19
  Speaker 2: me stop by saying, I own both and I will
• 23:21
  Speaker 2: continue to own both. Right now today, October 22nd of 2026,
• 23:27
  Speaker 2: I am still sticking with Chainlink until further notice.
• 23:30
  Speaker 4: Why?
• 23:31
  Speaker 2: Because once again, Chainlink is the one cryptocurrency out there
• 23:35
  Speaker 2: that I think no matter what else happens with the
• 23:38
  Speaker 2: rest of the world crypto, it's going to be around.
• 23:41
  Speaker 2: Competitions are all over the place. Corporations are going back
• 23:45
  Speaker 2: and forth things. Chainlink took the approach of we're going
• 23:48
  Speaker 2: to be friends with everybody. so that no matter what
• 23:51
  Speaker 2: the future looks like, we find a way to succeed.
• 23:53
  Speaker 2: It's kind of like these massive corporations that donate to
• 23:56
  Speaker 2: the funding of both Republicans and Democrats in politics. It's
• 24:00
  Speaker 2: because they say, no matter who wins the election, I
• 24:03
  Speaker 2: want my interests looked after. Similarly, Chainlink is partnering and saying, hey,
• 24:08
  Speaker 2: we'll work with you over here. We'll work with you
• 24:09
  Speaker 2: over here. Whoever wins your battle, great. You guys declare
• 24:12
  Speaker 2: the winner. I'm already partnered with them. It's the number
• 24:15
  Speaker 2: one oracle for a reason. The competition isn't even close yet.
• 24:19
  Speaker 2: I do think people– I understand some fundamental arguments is
• 24:23
  Speaker 2: why some people don't love details of Chainlink. But when
• 24:27
  Speaker 2: I listen to their team, the developers, and the vision plan,
• 24:32
  Speaker 2: I think this is a market cap we're looking at, Paul,
• 24:35
  Speaker 2: in the world of bare minimum $ 50 billion by 2030.
• 24:37
  Speaker 3: Wow.
• 24:40
  Speaker 2: I think it's not crazy to think about $ 100 to
• 24:42
  Speaker 2: $ 150 billion. I could end up being wrong. I'm open
• 24:45
  Speaker 2: to being wrong. But that's my thought process at the moment.
• 24:48
  Speaker 2: That would be, I think that would be on the
• 24:51
  Speaker 2: low end, somewhere around $ 100 chain link. On the high end,
• 24:54
  Speaker 2: somewhere closer to $ 200 chain link. I know in the
• 24:57
  Speaker 2: past I've talked about $ 700. I definitely have sobered my expectation.
• 25:04
  Speaker 2: Someday $ 700 chain link will happen. 2030, no. Stars would
• 25:08
  Speaker 2: really have to align for that to happen. Okay. But
• 25:10
  Speaker 2: 200 to 250 area, I think is still actually very
• 25:13
  Speaker 2: doable for LINK in the future. All right.
• 25:16
  Speaker 1: So just as a, you know, kind of to validate this,
• 25:19
  Speaker 1: these two tokens were the top two token picks for
• 25:24
  Speaker 1: Charles Schwab. And if you go to their story that
• 25:28
  Speaker 1: we were just showing there, a couple of key things
• 25:30
  Speaker 1: here that they kind of centered in around Chainlink. And
• 25:32
  Speaker 1: I thought this was an interesting take. Key debates right
• 25:37
  Speaker 1: here on LINK and Avalanche center on two different areas
• 25:39
  Speaker 1: of crypto. One is the ecosystem. Chainlink's role in blockchain
• 25:42
  Speaker 1: infrastructure data services. And the key debate they're talking about
• 25:46
  Speaker 1: is can it expand into a broader platform which could
• 25:50
  Speaker 1: make switching costs and network effects really take effect. And then,
• 25:54
  Speaker 1: of course, they talk about Avalanche because of its position
• 25:56
  Speaker 1: right now with RWAs. Both of these are very powerful
• 26:00
  Speaker 1: in a position. And we've had Toli on the show before,
• 26:02
  Speaker 1: and he has indicated that that there's a much bigger
• 26:05
  Speaker 1: picture being painted for Chainlink. So maybe Schwab starts to
• 26:11
  Speaker 1: see this. I'm going to play a couple of clips
• 26:14
  Speaker 1: here for you, Tim, but also we're going to integrate
• 26:17
  Speaker 1: kind of a rapid fire on charts. Okay, Tim, I
• 26:20
  Speaker 1: want to play a clip here from Terry Duffy, the CME,
• 26:24
  Speaker 1: breaking down. And this was interesting because this was CNBC
• 26:27
  Speaker 1: trying to defend against it, which they were talking about hype.
• 26:31
  Speaker 1: So take a look.
• 26:32
  Speaker 5: And Terry, it's Kelly just to jump in here. You know,
• 26:35
  Speaker 5: there's so much innovation with financial products right now. Do
• 26:40
  Speaker 5: you guys need more scale? I mean, there are big,
• 26:43
  Speaker 5: big changes coming.
• 26:45
  Speaker 3: So that's a problem because they all can't be legitimate
• 26:49
  Speaker 3: and they all can't be not readily susceptible to manipulation.
• 26:52
  Speaker 3: There's got to be some that's a problem for the participants.
• 26:55
  Speaker 3: And we're just not seeing the CFTC act like that.
• 26:57
  Speaker 3: So innovation is great as long as it's not at
• 27:01
  Speaker 3: the cost of efficiencies and credibility to the marketplace.
• 27:05
  Speaker 5: But that is kind of what's happening right now. In
• 27:07
  Speaker 5: other words, perps are perpetual future. I mean, I'm thinking
• 27:10
  Speaker 5: to me, they seem like more of a rival to
• 27:12
  Speaker 5: what you're doing. Maybe I'm wrong about that, but you
• 27:14
  Speaker 5: don't want to take physical delivery. I don't want a
• 27:15
  Speaker 5: barrel of oil, right? A perpetual future would avoid that outcome,
• 27:19
  Speaker 5: but it also can be leveraged. I don't know, 10, 20,
• 27:22
  Speaker 5: maybe more. And all of this innovation is happening. And
• 27:25
  Speaker 5: as you know, here's what can happen. The disruptor comes,
• 27:28
  Speaker 5: they take the market. And then regulation catches up five
• 27:31
  Speaker 5: or ten years later, but the original guys are already
• 27:34
  Speaker 5: out of the picture.
• 27:35
  Speaker 3: I don't believe that that is something that the U.S.
• 27:38
  Speaker 3: participants want to have. So we'll have to wait and see.
• 27:41
  Speaker 3: But you've got to remember, most of these products, if
• 27:44
  Speaker 3: not all, are basically retail products. CME Group is 94% institutional, Kel.
• 27:52
  Speaker 3: So this is not....
• 27:55
  Speaker 1: All right, so you can kind of see the doubt.
• 27:58
  Speaker 1: They understand what's coming. It's a train coming down the
• 28:01
  Speaker 1: track for the CME, and I think they know it.
• 28:04
  Speaker 1: When you look at hyperliquid, give me your chart on hyperliquid.
• 28:08
  Speaker 1: Where do you see this one heading right now?
• 28:10
  Speaker 2: Yeah, so hyperliquid, I talk on the charts from time
• 28:14
  Speaker 2: to time with my community and people are going to
• 28:16
  Speaker 2: think I hate it. I don't. I like hype. I
• 28:19
  Speaker 2: did think a correction was needed for a while. And again,
• 28:21
  Speaker 2: I think hype could go a little lower, but we
• 28:24
  Speaker 2: did have the daily sell signals come in here. We
• 28:26
  Speaker 2: were able to get some good positions there. We've hit
• 28:30
  Speaker 2: this support level once again. And here, this is a
• 28:33
  Speaker 2: late bloomer. Almost everything else gave us buy signals a
• 28:35
  Speaker 2: couple days ago. This one kind of just confirmed yesterday.
• 28:39
  Speaker 2: A daily buy signal on hype. What I would love
• 28:42
  Speaker 2: to see it do is break some trends that are
• 28:44
  Speaker 2: kind of in play at the moment. I would love
• 28:46
  Speaker 2: to see it get above, you know, these red this
• 28:48
  Speaker 2: red line here doesn't like we rejected. But I'm open
• 28:51
  Speaker 2: to being bullish again on hype. And if I am
• 28:53
  Speaker 2: bullish on hype and we do start to break the upside,
• 28:55
  Speaker 2: I'll do it for you guys again. Daily buy signal.
• 28:58
  Speaker 2: Don't get a lot of these. We had one back
• 29:00
  Speaker 2: over here. I think they all came in around September 18th, 17th,
• 29:04
  Speaker 2: give or take. And back over here, August 3rd, you
• 29:06
  Speaker 2: can see those buy signals have led towards higher highs.
• 29:11
  Speaker 2: So what does that mean? Until that history changes, that
• 29:14
  Speaker 2: would suggest this buy signal thinks that hype's going to
• 29:17
  Speaker 2: get above $ 98 per coin. I'm going to start looking
• 29:21
  Speaker 2: at some resistance levels to the upside here. And there's
• 29:24
  Speaker 2: just not a whole lot until, and I have to
• 29:25
  Speaker 2: go to a macro chart to show you guys, but
• 29:27
  Speaker 2: I had this drawn from months ago, closer to 115. Right.
• 29:31
  Speaker 2: So I could see hype getting up there long haul.
• 29:34
  Speaker 2: I think hype, Paul, I talked about market cap with
• 29:37
  Speaker 2: Chainlink a little bit. I think hype. is one of
• 29:40
  Speaker 2: those coins and projects that you could see a market
• 29:43
  Speaker 2: cap in the world of 500 billion up to a trillion.
• 29:48
  Speaker 2: And in the video, I mean, you look at it
• 29:51
  Speaker 2: right there, it's almost like I'm trying to think of
• 29:54
  Speaker 2: a story. You can see her second guessing everything he's
• 29:58
  Speaker 2: saying as if I don't trust what you're saying. You're
• 30:02
  Speaker 2: a dinosaur who's clearly here trying to self preserve yourself
• 30:06
  Speaker 2: because you see the writing on the wall that your
• 30:08
  Speaker 2: job's at stake. even the laugh he laughed like almost
• 30:12
  Speaker 2: like oh there's no but like it was an insulting
• 30:15
  Speaker 2: chuckle the way he gave it almost like i need
• 30:18
  Speaker 2: to i need to look very um authoritative and like
• 30:22
  Speaker 2: the idea of this perpetual thing coming and taking that's
• 30:26
  Speaker 2: just crazy that's ridiculous those are the people get wrecked
• 30:29
  Speaker 2: blindsided and ruined because they can't adopt and move in
• 30:32
  Speaker 2: the future.
• 30:32
  Speaker 1: Yeah those are the laugh tell to me, is one
• 30:36
  Speaker 1: of the big indicators of somebody being very nervous about
• 30:39
  Speaker 1: that particular question. It's not that they're comfortable with it,
• 30:42
  Speaker 1: they're actually nervous from it. Before we go into the Circle,
• 30:45
  Speaker 1: because this could be a big deal for Circle as
• 30:48
  Speaker 1: a stock, I want to look at Ethereum, because this
• 30:51
  Speaker 1: has a huge correlation, obviously, to USDC. When you look
• 30:54
  Speaker 1: at ETH right now, which held on pretty well, I mean,
• 30:57
  Speaker 1: it had clipped up above $ 2, 500, now coming back down
• 30:59
  Speaker 1: along with Bitcoin, where does ETH hold And what would
• 31:06
  Speaker 1: you put its high in this cycle?
• 31:09
  Speaker 2: Yeah, well, I don't know if I had the high
• 31:11
  Speaker 2: of the cycle right off the top of my head.
• 31:13
  Speaker 2: On this front, Ethereum did something that a couple of
• 31:16
  Speaker 2: the other coins did not do. Over here last week,
• 31:19
  Speaker 2: we did come lower than levels earlier in October and September.
• 31:23
  Speaker 2: So that was a little interesting. You can almost look
• 31:26
  Speaker 2: at it as more of an anomaly. Same as Bitcoin,
• 31:29
  Speaker 2: same as almost everything else. It almost feels like a
• 31:30
  Speaker 2: broken record. The daily buy signals came in. These historically
• 31:33
  Speaker 2: are very good daily buy signals. Again, it leads towards
• 31:35
  Speaker 2: higher highs. I can make that same spiel for everything else.
• 31:39
  Speaker 2: It broke a trend line of resistance. Are we retesting
• 31:42
  Speaker 2: it today? Absolutely. But I'm going to flash here between
• 31:45
  Speaker 2: these two charts. Other than my boxes and drawings, there's
• 31:48
  Speaker 2: not really a big difference in the way Ethereum and
• 31:51
  Speaker 2: Bitcoin look. So it's going to be a very similar
• 31:53
  Speaker 2: spot for me. My world here is going to be,
• 31:56
  Speaker 2: let's just look at where these wicks came down to,
• 31:58
  Speaker 2: roughly 2330. If we can stay above 2330, I'm not
• 32:03
  Speaker 2: too concerned about Ethereum. I will tell you, this is
• 32:06
  Speaker 2: something that last week when we had these daily sell signals,
• 32:09
  Speaker 2: my targets, and again, we hit my target one. We
• 32:11
  Speaker 2: did not hit my target two. My targets, oh, it
• 32:14
  Speaker 2: went away. Let me hit this replay button. So you
• 32:16
  Speaker 2: guys can see this. So you see what I was
• 32:17
  Speaker 2: looking at last week. I was looking at these two
• 32:20
  Speaker 2: order blocks and I said, hey, 23.50 is my take
• 32:24
  Speaker 2: profit one. And then I said, 22.50 is my take
• 32:28
  Speaker 2: profit two. That's the lower level here. Of course, as
• 32:30
  Speaker 2: I hit play, we took out my first one, right?
• 32:33
  Speaker 2: So I got a good buy level there. Got some
• 32:34
  Speaker 2: good profit on my short position. If we go short,
• 32:37
  Speaker 2: I'll definitely be looking at 22.50 again. Could we go lower?
• 32:41
  Speaker 2: Probably we could, but that would be my next buy spot.
• 32:44
  Speaker 2: But until we lose 23.30, give or take, which is
• 32:48
  Speaker 2: the low from here a couple of days ago. I
• 32:50
  Speaker 2: still think there's a world in which Ethereum starts to
• 32:51
  Speaker 2: make a move back up at the very least, back
• 32:54
  Speaker 2: to double top at 2,800, if not all the way
• 32:56
  Speaker 2: up back up here to 3,100 is a target there.
• 32:59
  Speaker 2: As far as price predictions, again, I need to look
• 33:04
  Speaker 2: at the exact numbers here. Ethereum is going to get
• 33:07
  Speaker 2: over a trillion dollars per market cap in this next
• 33:09
  Speaker 2: bull market, as long as it is a bull market
• 33:11
  Speaker 2: and not another Another place where the institutions just kind
• 33:16
  Speaker 2: of jerk us around and don't actually invest in it.
• 33:18
  Speaker 2: So assuming institutions actually buy this time, I think it's
• 33:22
  Speaker 2: safe to say Ethereum would go over a trillion. I've
• 33:24
  Speaker 2: seen estimates, Paul. I don't know about you. I've seen estimates.
• 33:27
  Speaker 2: People are talking about as high as like $ 3 to
• 33:29
  Speaker 2: $ 4 trillion in market cap. That's a little crazy high
• 33:33
  Speaker 2: for me, but it would be interesting. And we do
• 33:36
  Speaker 2: know a lot of these banks, they still like Ethereum.
• 33:39
  Speaker 2: JP Morgan just announced they're going to build their stablecoin
• 33:42
  Speaker 2: through Ethereum. So, while $ 3 trillion to $ 4 trillion is
• 33:45
  Speaker 2: a little high, could we get to $ 2 trillion, $ 2. 5 trillion?
• 33:49
  Speaker 2: I don't think that's ridiculous, especially if Bitcoin is realistically
• 33:52
  Speaker 2: in the $ 5 trillion to $ 7 trillion mark. What does
• 33:55
  Speaker 2: that mean for price? I think that's somewhere between a $ 15, 000
• 33:58
  Speaker 2: to $ 20, 000 Ethereum, but I'd have to go back and
• 34:01
  Speaker 2: look at the exact numbers.
• 34:02
  Speaker 1: Well, that's right in line with, to a certain extent,
• 34:04
  Speaker 1: with what Tom Lee is kind of pushing to. Again,
• 34:06
  Speaker 1: just for you guys that are new, Tom Lee is
• 34:10
  Speaker 1: very vested in it with BM & R.
• 34:13
  Speaker 2: All right.
• 34:14
  Speaker 1: So let's take a look at Circle. I want to
• 34:15
  Speaker 1: play a clip and then we'll kind of compare some
• 34:19
  Speaker 1: of the leading stocks in the crypto space that could
• 34:22
  Speaker 1: play out this cycle.
• 34:25
  Speaker 6: Here we go.
• 34:26
  Speaker 5: All right, we got to go, but really quickly before
• 34:28
  Speaker 5: I let you go, your top pick is Circle. Talk
• 34:31
  Speaker 5: to us about your Circle.
• 34:32
  Speaker 2: Yeah, our target is 243.
• 34:34
  Speaker 4: We are certainly above consensus there. And simply, I mean,
• 34:39
  Speaker 4: there's a reason why there was only a handful of
• 34:42
  Speaker 4: major payment networks. And we think the head start that
• 34:45
  Speaker 4: they have, especially now with the Gentic Commerce, but the
• 34:49
  Speaker 4: liquidity that they have out there and the compliant nature
• 34:52
  Speaker 4: of their platform and now ARK coming to bear, We
• 34:56
  Speaker 4: think that they will be a preferred settlement rail for
• 34:59
  Speaker 4: a lot of clients out there.
• 35:00
  Speaker 1: All right, guys, that was Citibank talking about this. If
• 35:05
  Speaker 1: you look at Circle in general, you go all the
• 35:07
  Speaker 1: way to this super top around 300 bucks. Obviously, it's
• 35:12
  Speaker 1: flying above the trend line right now. A Circle at 243,
• 35:16
  Speaker 1: it's trading at $ 85 here.
• 35:17
  Speaker 2: Yeah.
• 35:17
  Speaker 1: What do you think, Tim? Do you like that call?
• 35:21
  Speaker 2: Well, the news the other day was fantastic, obviously, with
• 35:24
  Speaker 2: the Genius Act kind of getting past the last hurdle.
• 35:27
  Speaker 2: It's not live until January, but banks can keep banks
• 35:30
  Speaker 2: can pretty much at this point they can offer their complaints.
• 35:32
  Speaker 2: They can try to appeal to the Supreme Court. But ultimately,
• 35:35
  Speaker 2: it looks like. it looks like we cleared the final
• 35:37
  Speaker 2: hurdle and genius acts is going to allow stable coins
• 35:40
  Speaker 2: to do their thing, which is fantastic for circle. What
• 35:43
  Speaker 2: I'm watching right now, to me, to me, I think
• 35:45
  Speaker 2: two 43, I don't know exactly what he's saying there
• 35:47
  Speaker 2: in the clip. Is he saying that's his top prediction
• 35:49
  Speaker 2: for the bull market? To me, that seems crazy low.
• 35:53
  Speaker 2: But for the, for the, a trading perspective, what I'm
• 35:56
  Speaker 2: looking at right now, I do like the recent move
• 35:59
  Speaker 2: from August and into, you know, where we are now
• 36:01
  Speaker 2: in October, but, Let's go back to this trend line.
• 36:04
  Speaker 2: There's clearly a red line here, a trend line of resistance.
• 36:07
  Speaker 2: We just rejected on again yesterday. Get us above this.
• 36:11
  Speaker 2: Get us above 94. I do think the daily is
• 36:13
  Speaker 2: back in a buy signal. Yeah, which is, I have
• 36:15
  Speaker 2: to quickly look at the back history here. Pretty good.
• 36:18
  Speaker 2: I think these daily buy signals have been pretty solid.
• 36:20
  Speaker 2: So that's good. But for me, again, I like to
• 36:22
  Speaker 2: buy either extreme weakness. We're not an extreme weakness. Or
• 36:26
  Speaker 2: I want to buy strength. Strength is get above, think 96,
• 36:29
  Speaker 2: 97 bucks, almost to 100. and you have strength there
• 36:33
  Speaker 2: on Circle. And again, 243, we're talking about a 2.5x
• 36:38
  Speaker 2: almost in price action, not that bad. I don't know
• 36:43
  Speaker 2: about you, but that feels like it would be disappointing
• 36:45
  Speaker 2: if Circle tops out at 243, and that's it.
• 36:49
  Speaker 1: I think Circle becomes one of the most valuable companies
• 36:52
  Speaker 1: out there in terms of just their capacity is all
• 36:56
  Speaker 1: going to be built around adoption on stablecoins. And the
• 37:00
  Speaker 1: interesting point around Circle is I think they're up to
• 37:04
  Speaker 1: some other ideas that are starting to go into fintech.
• 37:08
  Speaker 1: The correlation to how banks are going to be utilized,
• 37:10
  Speaker 1: obviously the connection with Ethereum, all this plays into something
• 37:14
  Speaker 1: I think that is well under. I'm surprised that Wall
• 37:17
  Speaker 1: Street isn't calling for a $ 1, 000 circle here because that
• 37:21
  Speaker 1: would be a 3x from its previous high.
• 37:22
  Speaker 2: Now, can it do that? I think you just have
• 37:24
  Speaker 2: a little bit of conservatism. These guys, they take– he's
• 37:28
  Speaker 2: probably saying that's where we're going to start taking profits.
• 37:30
  Speaker 2: They're going to look for a little dip. They'll buy again,
• 37:32
  Speaker 2: and then they'll keep riding it up. But yeah. This
• 37:35
  Speaker 2: is one I'd look at long term. I think $ 1, 000
• 37:36
  Speaker 2: is a very realistic target. All right, Tim.
• 37:40
  Speaker 1: So I think that's a good lineup, I think, for
• 37:42
  Speaker 1: a lot of people that are trying to figure out
• 37:44
  Speaker 1: the best stocks that could be played that are correlating
• 37:47
  Speaker 1: to crypto. Of course, we're going to be covering this
• 37:50
  Speaker 1: and a bunch more. We've got the FOMC meeting coming
• 37:52
  Speaker 1: in next week. Tim, thanks so much for coming in today.
• 37:55
  Speaker 1: We appreciate it.
• 37:56
  Speaker 2: Absolutely. Thanks for having me, Paul.
• 38:04
  Speaker 1: If you like this video, hit like and subscribe, drop
• 38:07
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• 38:10
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