Latest / The Paul Barron Crypto Show / Crash Worsening After CLARITY Feud📉 with Tim Warren
Transcript
- 0:00Speaker 1: Is David Sacks stepping down, crashing the crypto markets? Is
- 0:03Speaker 1: there more here to break down? We're going to get
- 0:05Speaker 1: it all into it today. I do want to thank
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- 0:34Speaker 1: over on tangum dot com. I've got Tim Warren coming
- 0:38Speaker 1: in from Tim Warren Trades and we're going to dive
- 0:41Speaker 1: into it today. Tim, how are you doing good man?
- 0:44Speaker 2: You know getting these these dips. I thought we werena
- 0:46Speaker 2: get a little more of a rally before these dips happened,
- 0:48Speaker 2: but can't complain. I was ready for it and I'm
- 0:51Speaker 2: already starting to make some moves on it. All right.
- 0:53Speaker 1: We got David Sachs's term as President Trump's crypto NAIs
- 0:57Speaker 1: are ending, and of course none other than SBF wanting
- 1:01Speaker 1: to jump in on this one. What do you think
- 1:03Speaker 1: you like.
- 1:04Speaker 2: That this guy just hats off to him for keeping
- 1:09Speaker 2: some humor in the situation.
- 1:10Speaker 3: But no thank you, yeah, no thank you, no thank you?
- 1:15Speaker 3: What do you make of Sacks?
- 1:16Speaker 1: I mean, there's two camps out there right now. Some
- 1:19Speaker 1: say he's stepping down, you know, his times up, he's
- 1:22Speaker 1: happy with Clarity or we're gonna get a good Clarity
- 1:24Speaker 1: bill or a Clarity bill, and he thinks that's the run.
- 1:28Speaker 1: Then there are others that go a different angle. Where
- 1:30Speaker 1: do you stand?
- 1:32Speaker 2: Yeah, I mean, so some people are gonna say he
- 1:33Speaker 2: didn't really get a whole lot accomplished.
- 1:36Speaker 3: I don't think I'm in camp. You can't put this
- 1:38Speaker 3: all on David Sachs.
- 1:39Speaker 2: I'm not gonna say David Sacks was perfect. He was
- 1:42Speaker 2: the epitome of you know, perfection in this world. But
- 1:46Speaker 2: it's still Washington, DC, and there's still gridlock, and there's
- 1:49Speaker 2: still people that make your lives miserable in the world
- 1:52Speaker 2: of politics.
- 1:53Speaker 3: So to say that.
- 1:54Speaker 2: He was unsuccessful in getting everything past is not completely true.
- 1:58Speaker 2: I think the only places I would I would potentially
- 2:01Speaker 2: say criticism is fair. I don't think I can blame
- 2:03Speaker 2: it for the Clarity Act. That has to do a
- 2:05Speaker 2: lot with you know, gridlock. Why have we not officially
- 2:09Speaker 2: audited the bitcoin holdings in the US government is something
- 2:12Speaker 2: I feel like he could have gotten done. So I
- 2:14Speaker 2: think if you're gonna, if you're gonna criticize him, I
- 2:16Speaker 2: would go with the audit point. But anyone criticizing him
- 2:20Speaker 2: for not getting the Clarity Acts bill passed on time
- 2:22Speaker 2: doesn't really check the logic box. That's that really wasn't
- 2:24Speaker 2: in his hands completely. He got the language going. I
- 2:28Speaker 2: still think there's there's you know, as the reporters are saying,
- 2:30Speaker 2: they're still at the table negotiating the banks and the
- 2:32Speaker 2: CEOs of these crypto companies. We just don't know are
- 2:35Speaker 2: we gonna get that May approval or are we waiting. Actually,
- 2:39Speaker 2: I'm not gonna say waiting until the fall. I'm gonna say,
- 2:41Speaker 2: if we don't get it in May or shortly after May, Paul,
- 2:43Speaker 2: I don't know where you're sitting, we might not get
- 2:45Speaker 2: it for the next couple of years. But I wouldn't
- 2:47Speaker 2: put that on David Sachs. I would put that on
- 2:50Speaker 2: Washingt d C can be one of the dumbest and
- 2:51Speaker 2: most frustrating places in the world at times.
- 2:54Speaker 1: Well yes, but I look at it in the sense
- 2:57Speaker 1: of if Trump was going to fire someone, if things
- 3:00Speaker 1: weren't going to roll out here and Trump was going
- 3:03Speaker 1: to fire somebody, it would be sacked. Because he's not
- 3:05Speaker 1: firing Tim Scott. You know who in DC would you
- 3:08Speaker 1: say is the point person for crypto right now? Or
- 3:12Speaker 1: at least that would he looked at and said, Hey,
- 3:14Speaker 1: the reason clarity didn't get through is because Tim Scott
- 3:17Speaker 1: didn't get it across the line. You know what would
- 3:20Speaker 1: you say, Well.
- 3:22Speaker 3: Correct me if I'm wrong.
- 3:23Speaker 2: The issue with Sacks is his timeline ran up, so
- 3:26Speaker 2: he wasn't fired.
- 3:29Speaker 1: Hundred and thirty day government, you know, because he's you know,
- 3:32Speaker 1: individual can play Uh timing is interesting here. But he
- 3:37Speaker 1: did move to Trump's advisory council, so he's still going
- 3:41Speaker 1: to be shaping.
- 3:41Speaker 3: A little bit of this.
- 3:42Speaker 1: But I mean, he could easily have just become a
- 3:46Speaker 1: government employee. Why wouldn't he have not say hey, no,
- 3:49Speaker 1: I need I've got work left to do, you know,
- 3:51Speaker 1: Or there's others out there saying, hey, the bottom's are
- 3:53Speaker 1: getting ready to lock in, and this may be an
- 3:56Speaker 1: opportunity for him to jump back into the market, because
- 3:59Speaker 1: this is an entrepreneur or as well.
- 4:00Speaker 3: So I don't know. There's just a lot.
- 4:02Speaker 1: There's a lot here, but I think I think it
- 4:05Speaker 1: is on him, as it would be on any bureaucrat
- 4:09Speaker 1: that can't get Congress in line. If Congress is at fault,
- 4:13Speaker 1: then we can already see that, but we can't fire them,
- 4:16Speaker 1: you know, we can only vote them out. This kind
- 4:18Speaker 1: of role can be set up and said all right,
- 4:21Speaker 1: your services are no longer needed. We just didn't have
- 4:24Speaker 1: the right person at the right time. So I don't
- 4:26Speaker 1: know if that's the case. Obviously, there's a lot yet
- 4:29Speaker 1: to be really pointed at. You've got man crypto Twitter
- 4:33Speaker 1: right now is just absolutely livid, and it seems like
- 4:37Speaker 1: there's multiple camps. You have the camp of anti coinbase,
- 4:41Speaker 1: you have the camp of anti Congress. Then you have
- 4:45Speaker 1: the camp of what we're dealing with that is more
- 4:48Speaker 1: pro whether it is the big crypto companies and all
- 4:52Speaker 1: of the surrounding companies that most likely will benefit from
- 4:57Speaker 1: clarity just getting through at the sacrifice of you what
- 5:00Speaker 1: do you make of that right now in terms of
- 5:03Speaker 1: how Twitter is looking at at this.
- 5:06Speaker 2: Yeah, the way I've seen it, Paul, and I think
- 5:09Speaker 2: you've seen as well, is the camp of is the
- 5:12Speaker 2: Clarity Act a good thing or is it a terrible thing?
- 5:15Speaker 2: So you see the phrase right now, and I'm sure
- 5:17Speaker 2: your comment sections happen too, because my comment sections have
- 5:20Speaker 2: no bill is better than a bad bill, right, So
- 5:22Speaker 2: it's this concept that we want to keep crypto pure
- 5:25Speaker 2: to its decentralized ways. We don't want the bill to
- 5:28Speaker 2: pass with the current language that would ban like yield
- 5:31Speaker 2: returns on passive holdings. I understand both sides, right. I
- 5:36Speaker 2: understand people who say that no bill is better than
- 5:39Speaker 2: a bad bill. I understand some people are frustrated with
- 5:41Speaker 2: Brian Armstrong saying let's just get this going. We've been
- 5:44Speaker 2: stalled now for what seems like years, especially the alt
- 5:47Speaker 2: coin realm, and they're just ready to see things go up.
- 5:50Speaker 2: I'll put it this way, like a part of me,
- 5:52Speaker 2: a part of me, really wishes that crypto could stay
- 5:56Speaker 2: what it was originally in that decentralized world. But I
- 5:58Speaker 2: also live in a world of reality where that was
- 6:01Speaker 2: not inevitable. I think that crypto is neared. I'm not
- 6:03Speaker 2: gonna say it hit the peak, but it's neared the
- 6:05Speaker 2: peak of where retail can take it alone. The next
- 6:08Speaker 2: big step for our portfolios is big money coming in,
- 6:12Speaker 2: and that's gonna be the banks.
- 6:13Speaker 3: That's gonna be these large institutions.
- 6:15Speaker 2: And if you thought that they were gonna come in
- 6:17Speaker 2: and just let crypto be the way it always was
- 6:21Speaker 2: with no guardrails and no regulation, that just wasn't gonna
- 6:23Speaker 2: be the case. They were gonna sink their teeth into it.
- 6:25Speaker 2: They were gonna try to control it. That's what they do.
- 6:28Speaker 2: But what I'm hopeful for the reason why I'm I'm
- 6:30Speaker 2: not blaming Brian Armstrong. I'm not gonna say that, I
- 6:33Speaker 2: just want to build a pass is like I do
- 6:35Speaker 2: think that cryptocurrency can act like a trojan horse in banks,
- 6:39Speaker 2: in businesses, and in governments worldwide where yes, they allow
- 6:44Speaker 2: it to come in and yes, for a time period
- 6:46Speaker 2: it looks like they have control. But let's not beat
- 6:48Speaker 2: around the bush. Why are banks and governments able to
- 6:51Speaker 2: just rip through people and destroy us financially. It's because
- 6:54Speaker 2: they control the way money works. They can print it
- 6:57Speaker 2: at any moment they want to. They're bailing out the
- 7:00Speaker 2: so the banks can spend terribly, but us as people,
- 7:03Speaker 2: if we don't spend risely, we go into debt and
- 7:05Speaker 2: all of a sudden we have a bunch of bad
- 7:07Speaker 2: things happen. That's what happens when you have soft money,
- 7:10Speaker 2: fiat currency that they get to.
- 7:11Speaker 3: Create the flow.
- 7:13Speaker 2: If they adopt into bitcoin and ethereum and other harder assets,
- 7:17Speaker 2: it'll go back to the times of where we were
- 7:19Speaker 2: on gold standards, where you had to spend responsibly if
- 7:24Speaker 2: you were a business, if you were a government. It
- 7:26Speaker 2: adds accountability in a way we haven't seen for over
- 7:29Speaker 2: one hundred years now. I think there's still a world
- 7:32Speaker 2: in which a trojan horse situation happens. That's why I
- 7:33Speaker 2: want the clarity to build a pass. If it does
- 7:36Speaker 2: not pass this summer again, I think there's a genuine,
- 7:39Speaker 2: real concern we might have to wait not just a
- 7:42Speaker 2: couple more months, maybe years before the next go round
- 7:45Speaker 2: at it happens.
- 7:47Speaker 1: I got a couple of clips here that I want
- 7:49Speaker 1: to play. The first one is Trump perceiving an a
- 7:52Speaker 1: war and this will make sense in a second, but
- 7:54Speaker 1: let's go to this.
- 7:55Speaker 4: First clip because of his willingness to work literally around
- 7:59Speaker 4: the clock, to pick every issue to solve all the
- 8:01Speaker 4: domestic problems that we are facing in this country. Tonight,
- 8:05Speaker 4: we have created a new award, the first ever America
- 8:09Speaker 4: First award. That's this beautiful golden statue here an American.
- 8:16Speaker 2: They don't like the word war because you're supposed to
- 8:19Speaker 2: get approval, So I'll use the word military operation.
- 8:24Speaker 1: All right, So you got that, and then you got
- 8:26Speaker 1: to go into Trump's approval ratings right now, listen to
- 8:29Speaker 1: this one.
- 8:31Speaker 5: So the president's right when it comes to military targets. However,
- 8:33Speaker 5: the president is on the clock with the American people.
- 8:36Speaker 5: New Fox News polling shows the president's approval rating taking
- 8:39Speaker 5: a hit as gas prices rise from a month ago.
- 8:42Speaker 5: Sixty four percent of registered voters disapprove of the president's
- 8:45Speaker 5: performance on a ran. Seventy one percent of people disapprove
- 8:48Speaker 5: of the handling of inflation.
- 8:50Speaker 3: Sixty six percent disapprove of the.
- 8:51Speaker 5: Performance on the economy. Now, all these are connected by oil,
- 8:55Speaker 5: which can put pressure on increased prices, and that's why
- 8:57Speaker 5: there's so much attention on the strait of four moves.
- 9:01Speaker 1: All right, So a couple of points I want to
- 9:03Speaker 1: hit on right now. Is all of that lining up
- 9:06Speaker 1: to the situation that's happening in the market right now.
- 9:09Speaker 1: We've got to wipe out underway. This of course, is
- 9:12Speaker 1: getting worse and worse as we speak. When you look
- 9:15Speaker 1: at the SNP right now, Tim, and you wonder how
- 9:19Speaker 1: far down could this pull back to? Where do you
- 9:23Speaker 1: see the S and P five hundred going?
- 9:27Speaker 3: Yeah?
- 9:27Speaker 2: I mean so I'm not gonna have to pivot too
- 9:29Speaker 2: much on this one, right Sometimes I have to pivot
- 9:31Speaker 2: when things change. This is something that we've been talking
- 9:33Speaker 2: about in our channel for quite some time. If you
- 9:35Speaker 2: share my screen here, we had to target down here
- 9:38Speaker 2: around six' eleven to six oh, two THAT i think
- 9:43Speaker 2: is a very reasonable. LEVEL i actually have seen some
- 9:45Speaker 2: analysts THAT i heavily respect talking about going sub six,
- 9:48Speaker 2: hundred coming down closer like five to. Eighty of, course
- 9:51Speaker 2: somebody we're in a post look at five. Seventy there's
- 9:53Speaker 2: a big gap back. Here BUT i told our community
- 9:57Speaker 2: a while, ago when when the price of the spy
- 9:59Speaker 2: was still up closer to towards six point, EIGHTY i,
- 10:01Speaker 2: said there's going to be a move down here towards
- 10:03Speaker 2: six fifty we did going to six forty. FIVE i
- 10:06Speaker 2: thought there'd be a little more of a bounce, here
- 10:08Speaker 2: but of course all the unrest still going on in
- 10:10Speaker 2: The Middle east is going in and accelerating. THIS i
- 10:13Speaker 2: have been telling my, community wait for six, twelve six
- 10:15Speaker 2: eleven area into this yellow. Zone this has been here
- 10:18Speaker 2: for quite some. Time it's a form more high from
- 10:20Speaker 2: back here In february of twenty twenty. Five this is
- 10:23Speaker 2: only a ten OR i, think a twelve percent. Correction
- 10:26Speaker 2: the reality is a, recession which is maybe what we're
- 10:30Speaker 2: currently in and we're working on. Finishing it's not uncommon
- 10:33Speaker 2: for those to go twenty percent to, downside kind of
- 10:35Speaker 2: similar that we had back In march of twenty, five
- 10:37Speaker 2: that would be closer to five point fifty.
- 10:39Speaker 3: Five So i'm not.
- 10:40Speaker 2: Gonna i'm not gonna right now call for five fifty.
- 10:42Speaker 2: FIVE i still think there's a world in which we
- 10:43Speaker 2: saw this. Sooner But i've been saying now for, MONTHS i,
- 10:46Speaker 2: mean go back Into January. February we need to pull
- 10:49Speaker 2: back down here closer towards this six eleven.
- 10:51Speaker 3: Mark and now.
- 10:52Speaker 2: People are starting to warm back up there and, say oh,
- 10:54Speaker 2: yeah six eleven looking actually kind of likely.
- 10:56Speaker 1: Well and the other concern we have right, now obviously
- 10:59Speaker 1: is what next For trump And. Iran here's a you,
- 11:02Speaker 1: know just a quick tweet on the final blow Against
- 11:05Speaker 1: iran is setting up right. Now you've got developing military,
- 11:08Speaker 1: plans possibly even a ground. FORCE i, mean there's all
- 11:11Speaker 1: sorts of. Things Cart island's in. Play you've got issues
- 11:14Speaker 1: right now where this could put more pressure on the
- 11:17Speaker 1: Markets monday. Morning let's you know, here it Is. Friday
- 11:20Speaker 1: we always know what happens On friday, afternoon and most
- 11:23Speaker 1: likely it will happen again On, friday and we'll be
- 11:26Speaker 1: able to not play these markets through the, weekend except For,
- 11:29Speaker 1: bitcoin which is, trading and we'll Chart bitcoin at second
- 11:32Speaker 1: around sixty six k as we. Record do you think,
- 11:37Speaker 1: that let's just assume that there's going to be a
- 11:39Speaker 1: major strike yet to. Go do you think at this
- 11:43Speaker 1: point what would be the line in the sand for?
- 11:45Speaker 1: You would it be ground troops that would possibly push
- 11:49Speaker 1: the stock market further down and bitcoin to a sub
- 11:54Speaker 1: Sixty do you think that would be the key thing
- 11:56Speaker 1: that would have to.
- 11:57Speaker 2: Happen so it's, possible AND i think it's something people
- 12:01Speaker 2: should know, again but keeping member on their. Toes right
- 12:03Speaker 2: now is five pm, Tonight so here in just a couple,
- 12:05Speaker 2: Hours Donald trump's gonna go. Live it's he gonna come
- 12:08Speaker 2: live and tell us that peace talks are going well
- 12:11Speaker 2: and trying to bring some, stability in which case we
- 12:13Speaker 2: might see a small bounce over the weekend in, crypto
- 12:16Speaker 2: which would lead towards A monday morning bullish rally in
- 12:18Speaker 2: the stock. Market or is he waiting for the stock
- 12:21Speaker 2: market to close because he wants to deploy those troops
- 12:25Speaker 2: right and he doesn't want the stock market to react to,
- 12:27Speaker 2: it so he's hoping maybe a weekend operation that can
- 12:30Speaker 2: be solved By. Monday either way, THOUGH i think that
- 12:32Speaker 2: would now cause bitcoin to. Fall but HERE'S i go
- 12:36Speaker 2: back AND i tell people. This you look at times
- 12:38Speaker 2: people want to tell you that that bitcoin or crypto
- 12:41Speaker 2: prices will collapse when oil.
- 12:43Speaker 3: Rises that's not.
- 12:44Speaker 2: True oil is rising all through twenty twenty and twenty
- 12:47Speaker 2: twenty one during the bull. Market same thing in twenty,
- 12:49Speaker 2: sixteen twenty. Seventeen oil is, rising, spiking and we had
- 12:52Speaker 2: a bull. Market people want to tell you when inflation
- 12:55Speaker 2: is climbing that we have a bear a barest. Movement it's, like,
- 12:58Speaker 2: well inflation was climbing all of twenty twenty, one and
- 13:00Speaker 2: that was a bullish year for bitcoin as. Well it's
- 13:02Speaker 2: not an. Issue we like to pinpoint these little things
- 13:05Speaker 2: and night now it's, oh if we go to if
- 13:06Speaker 2: we go to more, war we're gonna have. Problems, no
- 13:08Speaker 2: it's not, war it's not, inflation it's not any of
- 13:11Speaker 2: the actual. Details it's the uncertainty of it. All it's
- 13:15Speaker 2: the it's the constantly being jerked around and you never
- 13:18Speaker 2: know what's happening. Next so tonight When trump goes, live
- 13:21Speaker 2: is he going to give? Assurance is he gonna back
- 13:24Speaker 2: off of scary conversations that gives the markets more, assurance in.
- 13:28Speaker 3: Which case price go, up or is he gonna cause more.
- 13:30Speaker 3: Chaos it's gonna cause more.
- 13:32Speaker 2: Uncertainty but let's just, Say, paul he says that we're
- 13:36Speaker 2: gonna deploy troops that will cause. Barishness initially. Uncertainty but
- 13:41Speaker 2: if we get used to, it which nobody really wants.
- 13:43Speaker 2: To but if we're used to what's happening and there's
- 13:45Speaker 2: no new updates to, it and it's, like this is the,
- 13:48Speaker 2: objective this is what's gonna.
- 13:49Speaker 3: Happen we're gonna be doing.
- 13:50Speaker 2: This watch For marcus to find some sort of bottom
- 13:53Speaker 2: and start to rally despite the fact that we're still
- 13:55Speaker 2: in a.
- 13:55Speaker 3: WAR i.
- 13:55Speaker 2: DON'T i only wars the end all be. All it's
- 13:57Speaker 2: the uncertainty of it all that's keeping us.
- 13:59Speaker 1: Down my concern is, This you've Got trump coming on this.
- 14:03Speaker 1: WEEKEND i think he's going to go. NEGATIVE i think
- 14:06Speaker 1: this is going to go negative and sideways so AND i,
- 14:10Speaker 1: mean because we haven't seen any real resolution.
- 14:13Speaker 3: Come out of this.
- 14:14Speaker 1: YET i think he is trying to put more pressure On.
- 14:16Speaker 1: Iran this of, course just continues to put pressure on you,
- 14:20Speaker 1: know the markets in. General and if this does extend
- 14:23Speaker 1: into a ground, war if we get into a ground,
- 14:25Speaker 1: WAR i fear that this is going to take. Longer
- 14:27Speaker 1: if in fact that. DOES i want to play a
- 14:30Speaker 1: clip around this because this IS i want to get
- 14:31Speaker 1: your kind of opinion on where would you be bullish
- 14:35Speaker 1: on an, entry you, know depending on all these things
- 14:38Speaker 1: Happening right. Now here's Cud more talking about.
- 14:40Speaker 3: This take a.
- 14:40Speaker 6: LOOK i think that when we're on the other side
- 14:43Speaker 6: of this, conflict it will likely be a great buying.
- 14:46Speaker 6: Opportunity we talked a month ago on this show about
- 14:50Speaker 6: how we had an extraordinarily bullish macro environment for. Stocks
- 14:54Speaker 6: that was the setup for the last few months before the.
- 14:56Speaker 6: Conflict but the conflict is real and we're not at
- 14:58Speaker 6: the other, side and as you Just, tom only one
- 15:01Speaker 6: side is really looking for an off. RAMP i don't
- 15:03Speaker 6: know how the conflict's going to play, out but all
- 15:05Speaker 6: the newsflow would suggest that the base case, assumption unless
- 15:09Speaker 6: you have some inside loop on THE, toks is that
- 15:12Speaker 6: there's going to be probably going to get worse before
- 15:13Speaker 6: it gets, better which MEANS i don't think we're at
- 15:16Speaker 6: that buying opportunity yet because we have a lack of,
- 15:18Speaker 6: clarity and almost always in such, scenarios unless you're a
- 15:23Speaker 6: very very short term, trader you're better off waiting till
- 15:26Speaker 6: the problem we know the problems behind, us and missing
- 15:29Speaker 6: the first part of the bounce rather than trying to preempt.
- 15:32Speaker 3: It the problem, is.
- 15:33Speaker 6: What if we don't get the other side of this
- 15:34Speaker 6: conflict in the next month or, two then the damage
- 15:37Speaker 6: to growth is much more, material.
- 15:39Speaker 1: All, Right so very much in a line with where
- 15:42Speaker 1: Cud moore. IS i think it's a little bit later,
- 15:46Speaker 1: obviously if we get into a much more lengthy conflict
- 15:49Speaker 1: than that changes, everything including price of bitcoin And, ethereum
- 15:54Speaker 1: let's jump to the charts of. Bitcoin if you look
- 15:56Speaker 1: at kind of the comparison where bitcoin is right, Now
- 15:59Speaker 1: david stacks down, coinbase putting up an interesting challenge here
- 16:04Speaker 1: still at the, table but at the same, time now
- 16:06Speaker 1: we're seeing, bitcoin of course. Falling where do you stand
- 16:11Speaker 1: on bitcoin right? Now where do you like it to?
- 16:13Speaker 1: Drop two for an?
- 16:15Speaker 2: Entry, YEAH i want to ADDRESS i always like to do.
- 16:18Speaker 2: THIS i know some analysts do not like doing. This
- 16:20Speaker 2: they'd like to move over when they've made a call
- 16:22Speaker 2: that didn't come to. FRUITION i want to, explain for,
- 16:24Speaker 2: example BECAUSE i think last week WHEN i was on your,
- 16:26Speaker 2: show we talked about looking for prices up towards seventy
- 16:30Speaker 2: six to potentially eighty K we abandoned those here recently
- 16:34Speaker 2: last night actually after shooting up and hitting our first
- 16:36Speaker 2: take profit. Level ACTUALLY i wouldn't show. You these were
- 16:39Speaker 2: the trades that we made in my. Group right great
- 16:42Speaker 2: long great, short great long great. Short we got to
- 16:45Speaker 2: our first take profit, level so we made money on this.
- 16:47Speaker 2: Trade but you can see it clearly curled, over came back,
- 16:50Speaker 2: down gave us a small bounce on, support and then
- 16:53Speaker 2: this morning it crashed through this support. Level now this
- 16:57Speaker 2: is really. Important and even THOUGH i thought that's the,
- 17:00Speaker 2: keyword thought that we would make a surge up back
- 17:03Speaker 2: towards seventy SIX. K i was still telling, People, HEY
- 17:06Speaker 2: i think we make that move of seventy SIX k
- 17:08Speaker 2: and then we come back, down we lose the, support
- 17:10Speaker 2: and we have our play of the.
- 17:11Speaker 3: Downside turns, out guess.
- 17:13Speaker 2: What Brian armstrong decides to turn on The claritiact bill same,
- 17:16Speaker 2: Day David sachs sex down same. Day there's concern About,
- 17:19Speaker 2: iran The Iran war and the escalation. There it was
- 17:23Speaker 2: a perfect storm to do what we knew eventually would,
- 17:25Speaker 2: happen and that would be the break below this rising
- 17:28Speaker 2: support wedge of a rising wedge pattern that are bearish. Patterns,
- 17:32Speaker 2: okay so no technical analyst is surprised that now we've lost,
- 17:36Speaker 2: support we should be in a short. POSITION i started
- 17:38Speaker 2: to dabble a little bit even here this. MORNING i
- 17:41Speaker 2: would really love AND i think there's still a world
- 17:42Speaker 2: in which we could see a rebound closer back towards
- 17:45Speaker 2: sixty EIGHT. K i'd love to add into this, more
- 17:47Speaker 2: BUT i got some pretty high convictions now that this
- 17:49Speaker 2: is the next leg down that we've been talking about
- 17:51Speaker 2: for quite some. Time back down here towards fifty three.
- 17:55Speaker 2: Thousand the only thing that keep me at pause, Here,
- 17:57Speaker 2: Paul i've been, SAYING i think fifty three thousand could
- 17:59Speaker 2: be the. BOTTOM i will be wrong if we don't
- 18:03Speaker 2: see bullish divergence on the weekly. Chart and WHAT i
- 18:06Speaker 2: mean by, that if you come out way out, here
- 18:09Speaker 2: every single bull market, bottom, sorry every single bottom of
- 18:12Speaker 2: the bar market that ends emping bull market has had
- 18:16Speaker 2: there we. GO i love MY rsi was loady has
- 18:18Speaker 2: had a form of bullish, divergence most of them on
- 18:21Speaker 2: the weekly, chart but at least on the daily. Chart
- 18:24Speaker 2: always we don't have it happening on either. One what
- 18:26Speaker 2: we would need to see, happen and this is bouncing
- 18:30Speaker 2: all over the place, here let me turn this off.
- 18:32Speaker 2: THING i think that indicator is throwing me off. Here
- 18:34Speaker 2: WHAT i need to see happen is a lower low
- 18:37Speaker 2: in price, action but a higher low on THE. Rsi
- 18:41Speaker 2: when that happens on the weekly, chart that will be
- 18:43Speaker 2: my conviction that the bottom is in very Similar go
- 18:46Speaker 2: back over here to twenty twenty.
- 18:48Speaker 3: Two THE rsi hit these.
- 18:50Speaker 2: Extremely low levels In june of twenty, two when bitcoin's
- 18:53Speaker 2: price was hovering around nineteen, thousand, Right but of course
- 18:56Speaker 2: we would go down lower to fifteen what we do fifteen,
- 18:59Speaker 2: six fifteen to, Five but THE rs side put in
- 19:01Speaker 2: a higher low during that same. Timeframe this is bullish.
- 19:05Speaker 2: DIVERGENCE i think we're looking for the exact same thing to.
- 19:07Speaker 2: Happen if it doesn't, happen if we put in another
- 19:11Speaker 2: low on the rsized weekly, chart all of a, SUDDEN
- 19:14Speaker 2: i go from saying fifty three thousand to the bottom
- 19:16Speaker 2: to now you're probably are you probably are looking at
- 19:18Speaker 2: forty five to forty k range and extending this bear
- 19:21Speaker 2: market out until probably later in the, summer if not more.
- 19:25Speaker 2: So So i'm still optimistic right now that we could
- 19:28Speaker 2: bottom sooner than. Later i'm still optimistic that we're seeing
- 19:31Speaker 2: play out right now could give us this bullish divergence
- 19:34Speaker 2: in the next couple of. Weeks But i'm a day,
- 19:37Speaker 2: trader And i've learned to not just pick a choose
- 19:40Speaker 2: something and Say i'm going to fall as blindly a
- 19:43Speaker 2: just adapt that's the world we're in, now and so
- 19:47Speaker 2: that's What i'm. Watching those are my if then Statements
- 19:48Speaker 2: i'm watching to know when the bottom's going to be in.
- 19:51Speaker 1: Well and one thing to, consider because you're right right,
- 19:54Speaker 1: now even cut more kind of mentioned it's a trader's
- 19:56Speaker 1: market right. Now but if you look at where we
- 19:59Speaker 1: are and all of the things that are, happening you
- 20:02Speaker 1: kind of gave a litany of. That what's going on
- 20:04Speaker 1: With clarity and, coinbase, which by the, Way clarity looks
- 20:07Speaker 1: like it is about to fall right here on poly,
- 20:09Speaker 1: market down from sixty one just in the last few,
- 20:12Speaker 1: Hours so maybe something's brewing right now to Where clarity
- 20:16Speaker 1: may be struggling again and again if we miss our deadline,
- 20:19Speaker 1: here that's another big knock on the market in. General much,
- 20:23Speaker 1: LESS i, ran much less what happens now with kind
- 20:25Speaker 1: of the future of crypto under this, administration With Sack
- 20:29Speaker 1: sacks stepping, Down so all of that happening at once
- 20:33Speaker 1: starts to put a real. Problem and then you throw
- 20:35Speaker 1: this on top of, it and that is the potential
- 20:38Speaker 1: of zero rate cuts right. Here so this is all
- 20:42Speaker 1: the way right, now pushing Into march of twenty twenty.
- 20:45Speaker 1: Seven this just seems like it is pushing into a very, long,
- 20:51Speaker 1: cold deep crypto winter and maybe stock market winter heading into.
- 20:56Speaker 1: Summer what do you, Think.
- 21:00Speaker 2: Yeah that is what the data. Shows that's what the
- 21:02Speaker 2: indicators are. Showing that's what THAT cme price tool is.
- 21:05Speaker 2: Showing What i'll go back to is this is a
- 21:11Speaker 2: whole market that is without. Fail they are always trying
- 21:15Speaker 2: to shake out retail. Investors they know that retail investors
- 21:17Speaker 2: are extremely emotional in how we decide when to buy
- 21:20Speaker 2: and when to. Sell they know that we're very impressionable
- 21:23Speaker 2: with all of the, news and they can't go out
- 21:25Speaker 2: here throwing hard. Facts it's always going to be throwing
- 21:28Speaker 2: out these observations and the potentials of bad things. Happening
- 21:33Speaker 2: and that's WHY i go back to why do markets?
- 21:35Speaker 2: Fall it's not because of actual. Details if you knew
- 21:38Speaker 2: for a, fact like if you could tell me right,
- 21:40Speaker 2: now all, right we're not going to. Pack we're not
- 21:41Speaker 2: going to pass The Clarity act In. May we're going
- 21:44Speaker 2: to wait Until. October right if you just told me
- 21:46Speaker 2: that we could start rallying right, Now if you told
- 21:49Speaker 2: me right, now we know for a fact that we're
- 21:51Speaker 2: not going to Get The war of the run is
- 21:53Speaker 2: not going to end this, weekend but it is only
- 21:54Speaker 2: going to take one more, month after one more month
- 21:56Speaker 2: or two more, months give me the, date Like july.
- 21:59Speaker 3: FIFTH i know On july, fifth this war's.
- 22:01Speaker 2: Over the MINUTE i become certain of the, FUTURE i
- 22:04Speaker 2: feel more comfortable about how to operate this, uncertainty this. Constant,
- 22:08Speaker 2: hey maybe we're feeling really good about things right. Now
- 22:10Speaker 2: oh never, mind let's pull that rug out from under.
- 22:12Speaker 2: You now everything's really. Bad even THE Ceme futures prediction saying, now,
- 22:16Speaker 2: oh it's looking now like we're not going to get
- 22:18Speaker 2: a single rate cut at least Through march of twenty twenty.
- 22:20Speaker 3: Seven, well that's not.
- 22:21Speaker 2: Guaranteed that's just an, opinion but it's a very scary
- 22:24Speaker 2: opinion that keeps us unrest in the retail. World when
- 22:28Speaker 2: these things, happen it does mean we're probably about to.
- 22:30Speaker 2: Dip BUT i always look at these things and, say
- 22:32Speaker 2: how calculated is this? Manipulation because we all know things
- 22:36Speaker 2: can flip.
- 22:37Speaker 3: Just like that very.
- 22:38Speaker 1: Quickly, yeah for, SURE i.
- 22:40Speaker 2: WONDER i know not everything that's happening to us right
- 22:43Speaker 2: now is pre, planned BUT i would be surprised if
- 22:46Speaker 2: they're not a couple of pre planned fiascos that already
- 22:49Speaker 2: happening that are are made purposely to lower the prices
- 22:53Speaker 2: of the stock, market lower the prices of the crypto.
- 22:56Speaker 2: Markets and the biggest reason Why i'm on that conviction
- 22:59Speaker 2: on the crypto. Side And i've say this one hundred,
- 23:01Speaker 2: Times i'll say it. AGAIN i don't care if people
- 23:03Speaker 2: Say i'm just a recording machine that keep seeing over.
- 23:05Speaker 2: Again this is the great, Adaption this is The grand
- 23:08Speaker 2: shift where for sixteen years retail investors have controlled and been.
- 23:12Speaker 3: The biggest movers of. Crypto the big boys are.
- 23:15Speaker 2: Here but if you think that they don't want a healthy,
- 23:17Speaker 2: discount a cheap level to get in before they get
- 23:20Speaker 2: their piece of, pie you're kidding.
- 23:21Speaker 3: Yourself they want these prices to be.
- 23:24Speaker 2: Low they will do whatever they can to keep these
- 23:25Speaker 2: prices low until they've had their, fill and in this
- 23:28Speaker 2: case The Clarity, act some of them can't even start
- 23:32Speaker 2: deploying their trillions of dollars they want to put in
- 23:35Speaker 2: until The clariact bill.
- 23:36Speaker 3: Passes so they need this, Chaos they need this stuff
- 23:39Speaker 3: to stay.
- 23:39Speaker 2: Low the minute we're certain about The Clarity, act the
- 23:41Speaker 2: minute we know it's, happening prices will start to increase
- 23:44Speaker 2: and go to the upside because certainty is.
- 23:46Speaker 1: Here, yeah speaking of, chaos you look at Where ethereum
- 23:51Speaker 1: is right. Now we've got an upgrade. Brewing even though
- 23:54Speaker 1: at the same time we've had upgrades, before we haven't
- 23:57Speaker 1: seen immediate impact On we have Seen ethereum rally in some.
- 24:02Speaker 1: Cases but when you look At ether right, now which
- 24:05Speaker 1: is the better? Play, ACTUALLY i want to play three.
- 24:07Speaker 1: Tokens so you've Got ethereum potentially, hype which is done
- 24:12Speaker 1: well When bitcoin is not doing, well and Or? Bitcoin
- 24:17Speaker 1: which one would you look at trying to play in
- 24:19Speaker 1: these volatile times right?
- 24:21Speaker 2: Now which WOULD i? Play and that's going to be
- 24:25Speaker 2: an interesting question. Here so With, ethereum for, example very
- 24:28Speaker 2: similar to. Bitcoin he only go.
- 24:29Speaker 3: The daily, charts you guys can see, it very extremely.
- 24:31Speaker 2: Similar it had to fake out to the upside of,
- 24:33Speaker 2: theory had a good you, know run here back On march.
- 24:36Speaker 2: Sixteenth but this is still a rising wedge. PATTERN i
- 24:39Speaker 2: still Think ethereum wants to make its way at least
- 24:41Speaker 2: back to eighteen. HUNDRED i also have some Targets i'm
- 24:43Speaker 2: looking for down here at sixteen. Hundred when it comes to, hype,
- 24:48Speaker 2: though let me find my hype. CHART i actually just
- 24:50Speaker 2: put a video the other day on three coins that
- 24:54Speaker 2: institution slash banks seem to be more interested in what
- 24:57Speaker 2: you just. Said hype is not just blindly following. Bitcoin
- 25:01Speaker 2: ethereum is following, Bitcoin solana is falling, BITCOIN xrp is falling.
- 25:04Speaker 2: Bitcoin shameley is falling. Bitcoin hype is. Not the other
- 25:08Speaker 2: Two i'm looking at that are not. Fallowing it would
- 25:10Speaker 2: Be canton and then the other one is bit tens or.
- 25:13Speaker 2: Tau so those are my three. Coins if people go
- 25:15Speaker 2: watch that, video it's one of MY i just put
- 25:17Speaker 2: it out yesterday on my. Channel these three coins seem
- 25:20Speaker 2: to be doing their own, things and one of the
- 25:21Speaker 2: things that all three that have in common is that
- 25:23Speaker 2: institutions really really do love Them hype right, Now, yes
- 25:27Speaker 2: it's pulling back here over the last three, days but
- 25:29Speaker 2: there's a good argument to, say what all you're seeing
- 25:31Speaker 2: happened on hyper now everything else is falling, back is
- 25:34Speaker 2: we're just creating maybe a little bullflag or up. Pattern you,
- 25:37Speaker 2: know worst case, scenario we see some drip for the
- 25:39Speaker 2: next couple of, days and you're maybe looking at a
- 25:41Speaker 2: pattern something along this, line, Right so maybe we come
- 25:44Speaker 2: all the waven back down towards thirty. Five if we
- 25:47Speaker 2: start to bounce here, though and we're creating A pennant,
- 25:49Speaker 2: Formation let's see how this kind of plays out the
- 25:51Speaker 2: rest of the. Way you clearly have a down trend
- 25:53Speaker 2: here or lower. High but are we starting to see
- 25:55Speaker 2: if we get a bounce, today could we potentially see
- 25:57Speaker 2: A pennant formation happening where we're getting a rising level.
- 26:00Speaker 2: Support So i'm going to continue to monitor this for.
- 26:03Speaker 2: Now But i'm looking At hype and everything is. Happening
- 26:06Speaker 2: why Is hype doing so? Well, well it's one of
- 26:08Speaker 2: the best dex is out there trading in the crypto,
- 26:10Speaker 2: market but it's also doing an extremely great job of
- 26:13Speaker 2: trading the stock. Market it is doing something that we're
- 26:16Speaker 2: not seeing in the rest of the crypto. Space so
- 26:18Speaker 2: you asked me right, now for, now which is the
- 26:21Speaker 2: most interesting, Investment bitcoin ethereum Or.
- 26:23Speaker 3: Hype i'm gonna go With hype.
- 26:25Speaker 2: Because people are trading it based off of the here
- 26:27Speaker 2: and now. Fundamentals bitcoin ethereum are way more trading about future.
- 26:30Speaker 3: Fundamentals, yeah, yeah all, Right well there you have, it.
- 26:33Speaker 1: Guys we're gonna do a lightning round With. Tim this
- 26:36Speaker 1: is where we get into a lot of detailed questions
- 26:38Speaker 1: that are very fast and quick around our opinions on
- 26:43Speaker 1: where we stand on certain. THINGS i want to lead
- 26:45Speaker 1: off real quick, here too soon to declare clarity dead
- 26:50Speaker 1: yes or?
- 26:50Speaker 6: No?
- 26:51Speaker 3: Yeah way too, soon way too.
- 26:52Speaker 1: Soon, okay, yeah so we're still. Good it's in the.
- 26:56Speaker 1: GAME sbf one over More democrats And david did.
- 27:02Speaker 3: Well he. Did. Uh he might have lost them, all
- 27:04Speaker 3: but he did at some. Point.
- 27:07Speaker 2: Yeah, Yeah but but what's the point the?
- 27:10Speaker 3: Question because the answers back to jail or is he
- 27:12Speaker 3: available back to? Jail i'm back to. Jail i'm with.
- 27:16Speaker 3: You you can't touch, him back to.
- 27:18Speaker 1: Jail Cynthia alemmas and bitcoin maxis secretly hate stable coin Yield.
- 27:23Speaker 2: NO i think she is a Bitcoin maxi and doesn't
- 27:26Speaker 2: care as much about yields as. Others BUT i don't
- 27:28Speaker 2: think she hates. THEM i think she would side more
- 27:30Speaker 2: with coinbase if she had, to.
- 27:32Speaker 3: But she just WANTS i think she hates.
- 27:34Speaker 1: Them, Passing, YEAH i think She, YEAH i think she's
- 27:38Speaker 1: on the on the other. Side, okay passing an. Unread
- 27:43Speaker 1: this is the thing that drives me crazy is that
- 27:45Speaker 1: we haven't even seen the text for the document, yet
- 27:47Speaker 1: but passing an unread clarity bill full OF DeFi, fudd
- 27:51Speaker 1: which could happen content will unleash a negative sentiment tsunami
- 27:56Speaker 1: and crash the market if that were to be the, Case.
- 28:00Speaker 2: No because the majority of retail that would sell off
- 28:03Speaker 2: that news are already gone. Anyway this bill would bring
- 28:06Speaker 2: in more adoption from, institutions SO i don't think it
- 28:09Speaker 2: would crash. It it would be a lot of negative
- 28:12Speaker 2: people ON. X.
- 28:13Speaker 1: Yeah i'm in the middle here on. This i'm not
- 28:16Speaker 1: sure how it would play out because, again it really
- 28:18Speaker 1: depends on what is THE DeFi. Fud you, know if
- 28:21Speaker 1: it's not anything. Major even if it is anything in
- 28:25Speaker 1: there is pretty. Bad who should Replace David sacks as?
- 28:27Speaker 1: Cryptos are you got Garling house Or?
- 28:29Speaker 2: BEAST i, Mean i'm gonna go with Garling house JUST
- 28:34Speaker 2: i think a he would be the one that wants the.
- 28:36Speaker 2: Job there's no way Mister beast wants. It but ALSO
- 28:39Speaker 2: i just don't Mister beast is. ENTERTAINING i don't Think
- 28:42Speaker 2: i'm gonna take his financial advice too much on.
- 28:45Speaker 1: This if yields are banned for, coinbase go all in
- 28:50Speaker 1: on Robin? Hood would you yes or?
- 28:52Speaker 2: No so effective what you're asking is instead of investing in,
- 28:56Speaker 2: base take all my base and or coin a, coin, yeah,
- 29:00Speaker 2: coin and they move a hood put me in the.
- 29:02Speaker 2: MIDDLE i would shift. SOME i wouldn't give up on coinbase,
- 29:05Speaker 2: completely but, yes that would be a win in the
- 29:07Speaker 2: short term For.
- 29:08Speaker 3: Hood.
- 29:09Speaker 1: YEAH i think it would be a win for For
- 29:11Speaker 1: Robin hood if they go that. Direction uh PAM bondi
- 29:14Speaker 1: called the top of uh? Deal, okay all, right what
- 29:19Speaker 1: do you?
- 29:19Speaker 3: Think? Yes, no, REMEMBER i.
- 29:23Speaker 2: Mean eventually we'll go. Higher but, yes she called a
- 29:25Speaker 2: short term. TOP i think we.
- 29:27Speaker 3: Have have you not seen the?
- 29:29Speaker 2: Dow it's, yeah it. Is it'll go lower before it
- 29:33Speaker 2: goes higher. Again so let's say, yes she called the.
- 29:35Speaker 3: Top all, right there you.
- 29:36Speaker 1: GO ice funding should be rerouted to Crypto Strategic.
- 29:40Speaker 3: Reserve, josh this is this you get me in.
- 29:45Speaker 2: Trouble, LISTEN i don't know WHAT i want to say.
- 29:48Speaker 2: Here the answer is, no it should not be. Refunded,
- 29:53Speaker 2: Yeah i'm gon say no and not talk about.
- 29:56Speaker 3: Why i'm just saying.
- 29:57Speaker 1: No you know you're gonna talk about.
- 29:59Speaker 3: Why, okay unless you want me to get you and
- 30:02Speaker 3: your channel in. Trouble MAYBE i don't.
- 30:03Speaker 1: Know, okay all, Right let's still go. There under which
- 30:06Speaker 1: administration would crypto industry be more hated by regular systems?
- 30:11Speaker 1: Citizens do you think it right? Now it's more hated
- 30:14Speaker 1: by regular. PEOPLE i don't know that regular people really
- 30:16Speaker 1: know what's going.
- 30:17Speaker 3: On, no they. Don't.
- 30:19Speaker 2: YEAH i also don't know if this is a completely fair,
- 30:23Speaker 2: question BECAUSE i don't Think kamala was completely against. CRYPTO
- 30:26Speaker 2: i just think she would have treated it. Differently just
- 30:30Speaker 2: put me in the. MIDDLE i don't. THINK i don't
- 30:31Speaker 2: think it would have made a major impact on people's
- 30:34Speaker 2: view of.
- 30:34Speaker 1: Crypto i'm in the middle as. WELL i don't think so.
- 30:37Speaker 1: Either here we, go, uh time to Short, cantons.
- 30:44Speaker 2: Time to Short. Canton, WELL i do Think canton wants
- 30:46Speaker 2: to pull. Back so if you want to say scalp short,
- 30:49Speaker 2: yes but long term swing. No so this is what
- 30:54Speaker 2: you have you have to day trade her a question about,
- 30:56Speaker 2: Trading i'm, Like i'm trading two ways of trading at all,
- 30:58Speaker 2: times short term and long.
- 31:00Speaker 3: Term short term, yes long term, No.
- 31:03Speaker 1: Okay i'll go. Yes and then what would most would
- 31:09Speaker 1: most obviously Signal Tim warden turning bullish? Again one hundred
- 31:13Speaker 1: excellent link videos or out of leverage.
- 31:16Speaker 2: Videos this would most obviously signal, YEAH i mean dred
- 31:25Speaker 2: x videos Until i'm certain the bottom is. In so
- 31:27Speaker 2: let's go to the HUNDRED x.
- 31:29Speaker 1: Link, OKAY i was gonna, say, YEAH i think the
- 31:31Speaker 1: HUNDRED x link is going To, yeah that'll be the.
- 31:33Speaker 3: Signal tim is all in.
- 31:34Speaker 1: Bullish get, ready you can back up the. Trucks it's
- 31:38Speaker 1: coming down the, pipe all, Right Tim. Warren you guys
- 31:41Speaker 1: can check him out over On Tim Warren trades over on.
- 31:43Speaker 1: YouTube very easy to do that and his subscribe right.
- 31:46Speaker 1: There you guys will be, there of. Course, tim thanks
- 31:49Speaker 1: so much for coming in. Today we appreciate.
- 31:50Speaker 6: It.
- 31:51Speaker 3: Awesome thanks for having. Me, paul see, you.
- 31:53Speaker 1: Buddy if you like this, video hit like and, subscribe
- 32:02Speaker 1: drop a comment down, below and also join our free
- 32:05Speaker 1: private member group the link as in the description