Latest / The Paul Barron Crypto Show / Altcoin Season Begins?🚨Technical Analysis w/ The Trading Parrot

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Altcoin Season Begins?🚨Technical Analysis w/ The Trading Parrot · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Berre. Welcome back in the tech path.
• 0:08
  Speaker 1: Let's get into it today. We are going to have
• 0:10
  Speaker 1: a technical trader on with us. You guys know him
• 0:12
  Speaker 1: as a trading parent. We'll get to him in a
• 0:15
  Speaker 1: moment and we'll break down some coins for you. But
• 0:17
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• 0:49
  Speaker 2: On all that good stuff. So I want to get
• 0:51
  Speaker 2: into it today.
• 0:52
  Speaker 1: Bring in, of course, Trading Parrot. He's been on our
• 0:54
  Speaker 1: show many times before. Mariano, how are you.
• 0:58
  Speaker 3: I'm very good.
• 0:58
  Speaker 2: Thanks for having people you bet so.
• 1:01
  Speaker 1: Marian I want to go to this first tweet right here.
• 1:03
  Speaker 1: A couple of things from the macro side that we're
• 1:06
  Speaker 1: looking at investors now, Pilion's US equities, we're starting to
• 1:10
  Speaker 1: see a little movement there. Stock inflows now foreign and
• 1:13
  Speaker 1: forty eight billion year to date new all time high,
• 1:16
  Speaker 1: nearly twice as much as twenty two and twenty three combined.
• 1:20
  Speaker 2: And then you look at the foreign.
• 1:22
  Speaker 1: Participation in the US markets also hitting a new record
• 1:25
  Speaker 1: about sixty percent.
• 1:26
  Speaker 2: So with this along with the S.
• 1:28
  Speaker 1: And P five hundred hitting fifty one all time highs
• 1:31
  Speaker 1: this year up twenty five percent as well. When you
• 1:35
  Speaker 1: look at just the amount of liquidity that's coming into
• 1:38
  Speaker 1: the markets, including risk assets, this is one of those
• 1:41
  Speaker 1: things that starts to make me think that risk tolerance
• 1:46
  Speaker 1: is really starting to rise, which means we could be
• 1:48
  Speaker 1: going into all coin season. What are your thoughts on that.
• 1:54
  Speaker 3: Definitely, we've been preparing for scenario like this for many months,
• 1:58
  Speaker 3: thinking on their going to be an increasing liquidity, monetary
• 2:02
  Speaker 3: policies and seeing the SMP, the dollar, the gold, all
• 2:07
  Speaker 3: of them playing out in the direction of increasing the
• 2:11
  Speaker 3: flow cash into risk on assets. That's something that we've
• 2:14
  Speaker 3: been anticipating with lots of excitement and seeing these small
• 2:18
  Speaker 3: and incremental steps towards that target is very exciting to
• 2:22
  Speaker 3: be seen in witnessing well right now.
• 2:24
  Speaker 1: And I think one of the things that you know
• 2:26
  Speaker 1: here in the US at least, and I think globally,
• 2:29
  Speaker 1: is how this is going to play out in the
• 2:31
  Speaker 1: Trump administration. Part of this is Scott Descent, who is
• 2:33
  Speaker 1: going to be the new Treasury Secretary. This is Robald
• 2:36
  Speaker 1: Powell talking about this, and he's basically saying, Scott is
• 2:39
  Speaker 1: good for your bags. I've known him for over a decade.
• 2:41
  Speaker 1: He gets it, he understands digital assets. He's gone on
• 2:44
  Speaker 1: record making this statement is that digital assets and crypto
• 2:47
  Speaker 1: are going to be very pro in.
• 2:49
  Speaker 2: The United States.
• 2:50
  Speaker 1: This almost is a complete pivot here in the US,
• 2:55
  Speaker 1: as we've seen much more pro activity around crypto in general.
• 3:00
  Speaker 1: With that being the case, I want to talk about
• 3:01
  Speaker 1: bitcoin real quick. We've got micro Strategy expanding their bitcoin
• 3:05
  Speaker 1: holding another five point four billion purchase, so another fifty
• 3:09
  Speaker 1: five thousand bitcoin coming in. They're begoming pretty much the
• 3:14
  Speaker 1: go to buyer for bitcoin when you look at the charts, though,
• 3:18
  Speaker 1: and I want you to get your opinion on how
• 3:20
  Speaker 1: the charts are going, because many people are saying, hey,
• 3:22
  Speaker 1: Bitcoin's starting to slow down a little bit. Will it
• 3:25
  Speaker 1: actually hit one hundred k in this cycle? What is
• 3:29
  Speaker 1: your chart showing right now in terms of Bitcoin's current trend?
• 3:35
  Speaker 3: Let me share my screen. Well, there's currently going on
• 3:42
  Speaker 3: a huge bottle, which is very interesting. I'm going to
• 3:46
  Speaker 3: focus first on the short term what's going on at
• 3:49
  Speaker 3: the moment because people are asking is this going to
• 3:52
  Speaker 3: be a larger pullback? And since the weekend, we saw
• 3:55
  Speaker 3: that we form a CME gap in here while the
• 3:58
  Speaker 3: markets were off. We hit that cm gap, we closed it,
• 4:02
  Speaker 3: and immediately after we closed the CEM gap, the incentive
• 4:07
  Speaker 3: to go up fade away with a major not major,
• 4:11
  Speaker 3: but a slightly larger pullback into the ninety four point nine.
• 4:15
  Speaker 3: And I think what's booking at the moment the market
• 4:19
  Speaker 3: is this selling wall that we have in here. This
• 4:22
  Speaker 3: is a record breaking selling wall. It has reached a
• 4:26
  Speaker 3: top of three hundred million at some point and definitely
• 4:30
  Speaker 3: has influenced traders to put all this ask liquid in
• 4:35
  Speaker 3: here in this area of the range where we were
• 4:38
  Speaker 3: expecting to break one hundred k, but incrementally with so
• 4:42
  Speaker 3: much selling that was influencing them to produce this pullback
• 4:46
  Speaker 3: that we can see in here. At the moment, a
• 4:48
  Speaker 3: monitor in the four hour on the side to see
• 4:51
  Speaker 3: if we can break above this red line, so we
• 4:54
  Speaker 3: can potentially produce a global breakout and then reach the
• 4:59
  Speaker 3: eighty seven level that could throw bitcoin into one hundred
• 5:03
  Speaker 3: k for another attempt to break the top. We are
• 5:06
  Speaker 3: also forming in here some sort of megafrom pattern which
• 5:10
  Speaker 3: resonates a lot with what we have in the past
• 5:13
  Speaker 3: eight months, but in a smaller scale, which is also
• 5:16
  Speaker 3: a Polish pattern. So hopefully if we can hold that
• 5:19
  Speaker 3: ninety five k, potentially we can have our second attempt
• 5:23
  Speaker 3: to break above one hundred k. And the good news
• 5:26
  Speaker 3: is that the selling wall has decreased in sight from
• 5:29
  Speaker 3: three hundred million this morning was two hundred million, so
• 5:33
  Speaker 3: that is some sort of progress on the daily timeframe,
• 5:37
  Speaker 3: and seeing a very interesting pattern that is similar to
• 5:41
  Speaker 3: what we were doing from August into November of twenty
• 5:46
  Speaker 3: twenty three. The same pattern is currently playing out, so
• 5:49
  Speaker 3: if we were to repeat this performance that we see
• 5:53
  Speaker 3: in here, we should be seeing some cool down of
• 5:57
  Speaker 3: the side and that potentially could make a little bit deeper.
• 6:01
  Speaker 3: They pull back into the low nineties. Potentially, we're going
• 6:05
  Speaker 3: to look just into what liquidity could attract us there.
• 6:09
  Speaker 3: This morning, it was the ninety five k liquidity what
• 6:13
  Speaker 3: the wells were feisting at the moment. But we can
• 6:17
  Speaker 3: see that they're still incentive above the hundred k, and
• 6:20
  Speaker 3: I think this incentive is attracting the wells to continue
• 6:25
  Speaker 3: with the app trend. But the reason why we are
• 6:27
  Speaker 3: slowing down there's a lot of speculation about what black
• 6:31
  Speaker 3: Rock is doing because they have put the options live
• 6:35
  Speaker 3: and eighty five percent. I believe they were calling for
• 6:40
  Speaker 3: prices above a hundred k, and obviously there's this speculation
• 6:45
  Speaker 3: that they put a selling wall in here to protect
• 6:48
  Speaker 3: not have to pay all those options. That's what is
• 6:52
  Speaker 3: the speculation at the moment on crypto Twitter. But I
• 6:57
  Speaker 3: think if we were managing to hit that one hundred
• 7:00
  Speaker 3: k once again, there is potential not just to break
• 7:04
  Speaker 3: one hundred k, but to go way beyond two one
• 7:06
  Speaker 3: hundred and seven into one hundred and seventeen. There are
• 7:09
  Speaker 3: big liquidations at the top. But for that, obviously we
• 7:12
  Speaker 3: need to respect the steps break first this trend line
• 7:16
  Speaker 3: and confirm some levels of resistance broken. But if we
• 7:20
  Speaker 3: do that it could be days away. Another attempt to
• 7:24
  Speaker 3: break one hundred k pretty exciting.
• 7:26
  Speaker 1: Yeah, well I think there are you know, many people
• 7:29
  Speaker 1: are looking at this. Do we see a further pullback
• 7:31
  Speaker 1: and a slide into all coin season. We'll talk about
• 7:34
  Speaker 1: bitcoin dominance in a second. I do want to go
• 7:36
  Speaker 1: to a clip though.
• 7:37
  Speaker 2: This clip is going.
• 7:38
  Speaker 1: To explain a little bit more about where the money
• 7:41
  Speaker 1: is coming from, which could feed to your thesis around
• 7:45
  Speaker 1: maybe another shot on one hundred k bitcoin in this
• 7:48
  Speaker 1: next little bit of a round.
• 7:49
  Speaker 2: Let's go to this clip.
• 7:51
  Speaker 4: What Michael Saylor really introduces this idea of taking your
• 7:54
  Speaker 4: balance sheet and creating a third lever that you can pull. Now.
• 7:56
  Speaker 4: What I do think is really important though, is bitcoin
• 7:59
  Speaker 4: in part particular, was a bottoms up adoption story. So
• 8:02
  Speaker 4: historically technologies are top down governments and militaries adopted first,
• 8:06
  Speaker 4: then corporations and eventually individuals. Here you actually had individuals first.
• 8:09
  Speaker 4: The reason why that's important is bitcoin is the only
• 8:11
  Speaker 4: asset that I know of in financial markets. As the
• 8:14
  Speaker 4: price goes up, it becomes less risky, and so now
• 8:17
  Speaker 4: you have the biggest pools of capital showing up and
• 8:19
  Speaker 4: saying it now is only big enough where I can
• 8:21
  Speaker 4: start to buy it. And so you have central banks,
• 8:23
  Speaker 4: you have pension funds, et cetera that are saying, okay,
• 8:26
  Speaker 4: now we're getting close to two trillion dollars, I can
• 8:28
  Speaker 4: start allocating to this thing, and so individuals front ran it.
• 8:31
  Speaker 4: But the largest pools of capital still are heavily under
• 8:34
  Speaker 4: allocated to this asset. I think it's going to be
• 8:35
  Speaker 4: very good for price.
• 8:37
  Speaker 2: All right.
• 8:37
  Speaker 1: So under allocated, I think is the big topic. And
• 8:40
  Speaker 1: this is something that I've been continuing to get input
• 8:44
  Speaker 1: from a lot of asset managers out there, is that
• 8:47
  Speaker 1: there are still a ton of people that have zero
• 8:50
  Speaker 1: exposure to bitcoin, and obviously that means zero exposure to
• 8:54
  Speaker 1: all coins and other digital assets. So there's a lot
• 8:57
  Speaker 1: of opportunity here, I think breaking into it.
• 9:00
  Speaker 2: When you look at the statement.
• 9:02
  Speaker 1: Right here, bigcoin expected the stall a little bit, and
• 9:05
  Speaker 1: especially as the market is turning to ethereum, this is
• 9:07
  Speaker 1: the questionnaires what everybody has been asking me, why has
• 9:11
  Speaker 1: it not been moving and is this the final possibility
• 9:15
  Speaker 1: where we could see ethereum start to move. When you
• 9:19
  Speaker 1: look at the chart right now on ether, where is
• 9:22
  Speaker 1: your prediction currently for ethereum?
• 9:24
  Speaker 3: So I think etherium is just taking the same steps
• 9:28
  Speaker 3: in the same kind of script that we saw in
• 9:32
  Speaker 3: the previous bull market. We were in a channel down
• 9:35
  Speaker 3: on the OtherSide weekly and eventually we broke out and
• 9:38
  Speaker 3: then we enter into a bull market. We're just following
• 9:41
  Speaker 3: the same recipe in here. We had a breakout, I retest,
• 9:44
  Speaker 3: and now we are entering into the sixties. There's still
• 9:47
  Speaker 3: loads of upsite for etherium. I'm not expecting it. Etherium
• 9:52
  Speaker 3: against bitcoin two outperformed input an newultim high, but etherium
• 9:56
  Speaker 3: against dollar definitely will. I'm expecting to see that very soon.
• 10:00
  Speaker 3: We can see in here that ethereum since June twenty
• 10:04
  Speaker 3: twenty two has been printing lower highs. It has been
• 10:07
  Speaker 3: respecting this trend line and at the moment is entering
• 10:10
  Speaker 3: into a squeeze with the resistance at three point seven k.
• 10:15
  Speaker 3: That is because we first hit this top in here
• 10:19
  Speaker 3: in November twenty twenty one. Then we respect it once
• 10:21
  Speaker 3: again at almost four k and then slightly below it,
• 10:25
  Speaker 3: and we are approaching the confluence of that with this
• 10:28
  Speaker 3: order block in there. I really want to see that
• 10:31
  Speaker 3: breakout happening very soon. That is not just positive for etherium,
• 10:35
  Speaker 3: but for all the old coins, and I have preferred
• 10:38
  Speaker 3: I have prepared today this extension with the fibonacci from
• 10:43
  Speaker 3: the bottom of twenty twenty the whole rally into four
• 10:47
  Speaker 3: point nine k and then the bottom and if we
• 10:50
  Speaker 3: look at the golden ratio at one six one eight,
• 10:55
  Speaker 3: we get at eight four four one first initial target.
• 10:59
  Speaker 3: So with that I will be more than happy to
• 11:02
  Speaker 3: start taking profits even slightly below that. But if we
• 11:06
  Speaker 3: got into the two level, which is a little bit
• 11:09
  Speaker 3: more aggressive target, we get a ten point three. And
• 11:13
  Speaker 3: let's remember that ethdium as well has this time and
• 11:17
  Speaker 3: new weapons, so there's new upgrades coming in. That's from
• 11:21
  Speaker 3: the point of view fundamentals, and there is an ETF
• 11:24
  Speaker 3: that's starting to see now some inflows and which is
• 11:28
  Speaker 3: definitely going to help us get in there.
• 11:32
  Speaker 1: Well, I think you've got Teather also Many three billion,
• 11:35
  Speaker 1: and Tether and USDT as bigcoin is hitting in there,
• 11:39
  Speaker 1: but they're looking at across both Ether and tron in
• 11:44
  Speaker 1: terms of liquidity, so there is some opportunity here I
• 11:47
  Speaker 1: think with ethereum in general, and to your point, I
• 11:50
  Speaker 1: think this is just again it gets back into cycles,
• 11:52
  Speaker 1: but looking further into all coin season, if you look
• 11:56
  Speaker 1: at the current situation right now, we're at about a
• 11:59
  Speaker 1: forty seven, which is almost dead even coming out of
• 12:03
  Speaker 1: bitcoin season if you look at what's happening over here
• 12:06
  Speaker 1: on coin market cap.
• 12:07
  Speaker 2: But definitely to your point.
• 12:08
  Speaker 1: Earlier, it is very very early in the all coin
• 12:12
  Speaker 1: season cycle. When you look at key tokens for the
• 12:16
  Speaker 1: all coin season, I always look at some of the
• 12:18
  Speaker 1: tokens who have not moved aggressively. If you look at Solana,
• 12:22
  Speaker 1: it has moved very aggressively, But Avalanche is one that
• 12:25
  Speaker 1: we've continued to follow that has not moved aggressively until
• 12:30
  Speaker 1: this last week. When you look at the Avalanche chart
• 12:33
  Speaker 1: right now, what are you showing in terms of potential
• 12:36
  Speaker 1: price on Avalanche.
• 12:38
  Speaker 3: When we look at the weekly out of side on Avalanche,
• 12:41
  Speaker 3: we can see that we have precisely what we require
• 12:45
  Speaker 3: to confirm a breakout for a longer term rally on Avalanche,
• 12:51
  Speaker 3: which is the breakout in here devery test. And now
• 12:54
  Speaker 3: we are getting into sixty three, so there's still tons
• 12:57
  Speaker 3: of upside in terms of momentum and looking for that momentum.
• 13:02
  Speaker 3: If we try to find some two targets, I get
• 13:05
  Speaker 3: two targets. One is produced from the bottom of October
• 13:10
  Speaker 3: into sixty four in here in eleven of March, and
• 13:14
  Speaker 3: then the bottom and we get a Fibonacci extension that
• 13:18
  Speaker 3: is giving us one hundred and five. Interestingly, if we
• 13:21
  Speaker 3: do this in a completely different way from the listing
• 13:25
  Speaker 3: of Avalanche in binance to the top in twenty twenty
• 13:28
  Speaker 3: one and then this bottom in here as well, we
• 13:32
  Speaker 3: get an initial one hundred as well. When we do
• 13:37
  Speaker 3: the six one eight, the zero point six one eight,
• 13:40
  Speaker 3: which is a very conservative tarret roughly around the one
• 13:44
  Speaker 3: hundred dollars. But when we get the full extension of
• 13:48
  Speaker 3: the potential for this bull market, we start talking about
• 13:51
  Speaker 3: two hundred and forty seven to three hundred dollars, and
• 13:55
  Speaker 3: that is way beyond where we are in here. But
• 13:58
  Speaker 3: maybe what happen is that we first get into that
• 14:02
  Speaker 3: one hundred dollars and we see a decent pullback from
• 14:06
  Speaker 3: the follow by then right after achieving the full potential
• 14:11
  Speaker 3: that this extension of Fibonacci is giving us for the bullmarket,
• 14:16
  Speaker 3: that would.
• 14:16
  Speaker 1: Be a significant run on Avalanche going in that range
• 14:20
  Speaker 1: of where it's trading right now around.
• 14:22
  Speaker 2: Forty five bucks.
• 14:23
  Speaker 1: So with that being the case, I mean this could
• 14:25
  Speaker 1: be one of the hottest all coins in this season.
• 14:27
  Speaker 1: Many people are trying to figure out what's going to
• 14:29
  Speaker 1: be the Salana runner of this particular bull run, and
• 14:34
  Speaker 1: I think this is where we've seen a lot of
• 14:35
  Speaker 1: different variations, so we have been in conversation. Now we're
• 14:39
  Speaker 1: seeing a lot of these old tokens that are coming
• 14:42
  Speaker 1: back into it. One of the tokens that is of
• 14:45
  Speaker 1: course being talked about quite a bit is XRP. Global
• 14:48
  Speaker 1: ETF provider Wisdom Tree right now has now registered in
• 14:51
  Speaker 1: the state of Delaware for an XRP ETF.
• 14:54
  Speaker 2: If we get an XRP ETF and we get.
• 14:58
  Speaker 1: The kind of anticipat anticipatory regulation around you know, crypto
• 15:05
  Speaker 1: in general, this could be very very positive for Ripple.
• 15:09
  Speaker 1: When you look at XRP as a token, what's your
• 15:12
  Speaker 1: position on this one right now?
• 15:13
  Speaker 2: In terms of chart price.
• 15:17
  Speaker 3: Well, XRP has been a very interesting chart to watch.
• 15:23
  Speaker 3: As you can see in here on the weekly timeframe,
• 15:26
  Speaker 3: we are precisely just a few points away from the
• 15:31
  Speaker 3: maximum rside that we have ever had on the weekly
• 15:34
  Speaker 3: which is eighty six. Now we are at eighty four,
• 15:36
  Speaker 3: just two points away. And one of the things that
• 15:40
  Speaker 3: has described this chart is that pretty much every rally
• 15:45
  Speaker 3: has a huge correction. First of all, we cannot blame
• 15:49
  Speaker 3: XRP because basically around here got delisted. Then it was
• 15:52
  Speaker 3: the top of the bull market. And every single correction
• 15:55
  Speaker 3: is massive and really painful, seventy four eighty percent and
• 16:00
  Speaker 3: all over the place, they are huge retlacement. And I'm
• 16:03
  Speaker 3: thinking that that might start shifting. And that's because we
• 16:08
  Speaker 3: can call this era of XRP the garrygen Slur potentially era,
• 16:13
  Speaker 3: where you know, there's all these regulations, all this bullying
• 16:18
  Speaker 3: against these tokens that belong to the previous two cycles before. Right,
• 16:22
  Speaker 3: So this is not twenty twenty one, this is twenty seven.
• 16:25
  Speaker 3: I believe in that era started appearing, and I started
• 16:29
  Speaker 3: holding in twenty twenty one actually, and I still have
• 16:32
  Speaker 3: my backs from there, and I'm very excited to see
• 16:35
  Speaker 3: this breakout into straight into an all time high, very
• 16:38
  Speaker 3: close to it. So what I'm doing now is I'm
• 16:42
  Speaker 3: kind of moving on from that era that I mentioned,
• 16:45
  Speaker 3: and I'm seeing that we are forming this top in
• 16:49
  Speaker 3: here with this bottom at zero twenty eight, and I'm
• 16:52
  Speaker 3: preparing for a three point three to a four dollars
• 16:55
  Speaker 3: XRP and I'm very, very conservative. I know that there's
• 16:59
  Speaker 3: a lot of people out there calling out for way
• 17:02
  Speaker 3: higher prices, but if we get to those levels, I'm
• 17:05
  Speaker 3: just gonna consider that anything beyond that is just very
• 17:09
  Speaker 3: well appreciated. I know that things going on with banks
• 17:13
  Speaker 3: listings all over the place, there's so many good news.
• 17:16
  Speaker 3: It's very exciting.
• 17:18
  Speaker 1: Yeah, I think the key thing with XRP is and
• 17:21
  Speaker 1: you guys will have to watch this, is we're probably
• 17:22
  Speaker 1: gonna hear something pretty big coming out of the Ripple camp,
• 17:26
  Speaker 1: maybe in January or February, so timing could.
• 17:29
  Speaker 2: Be right within that.
• 17:31
  Speaker 1: Other things that are happening within XRP we won't chart these,
• 17:34
  Speaker 1: but we've talked about these before, and that is a
• 17:37
  Speaker 1: lot of meme tokens starting to really kind of get active.
• 17:40
  Speaker 2: Ripples is one.
• 17:41
  Speaker 1: We've also seen drop, which is pretty much the leading
• 17:44
  Speaker 1: token out there. We've talked about these a couple of times.
• 17:47
  Speaker 1: And remember meme tokens just so you guys understand completely gambling,
• 17:51
  Speaker 1: that's about as risky as you can get out there
• 17:53
  Speaker 1: in the market. So understand that anytime you get into
• 17:56
  Speaker 1: a meme token, very volatile, very easy to lose. Absolutely
• 18:01
  Speaker 1: all in running. So it's not we'd never get financial advice,
• 18:04
  Speaker 1: but these are the things that we are watching within
• 18:06
  Speaker 1: the XRP ecosystem because it's one of the ecosystems that
• 18:10
  Speaker 1: has not had a big meme winner. And if you
• 18:14
  Speaker 1: look at some of the meme winners, let's go to
• 18:16
  Speaker 1: this tweet right here, guess what Robin Hood is doing.
• 18:19
  Speaker 1: They are listing what could be one of the hot
• 18:23
  Speaker 1: runners right now with with so You've got with You've
• 18:26
  Speaker 1: Got back. You've got a handful of memes that have
• 18:29
  Speaker 1: really been on the move, everything from.
• 18:31
  Speaker 2: Floky to Pepe to Doze.
• 18:34
  Speaker 1: Of course nearing what could be even a more interesting
• 18:38
  Speaker 1: strategy around what Doze is going to be doing over
• 18:41
  Speaker 1: the next few months. When you look at at memes,
• 18:44
  Speaker 1: let's go look at the chart on with since we
• 18:46
  Speaker 1: might see a listing coming on with what is your
• 18:49
  Speaker 1: thought on where that one might go in terms of
• 18:52
  Speaker 1: the technical analysis if there is such a thing.
• 18:54
  Speaker 3: So and with is very interesting because we have managed
• 18:58
  Speaker 3: to break out that happened in September. We came back
• 19:01
  Speaker 3: for a retist and then we broke above this line.
• 19:05
  Speaker 3: But we came back into resistance, and I think this
• 19:09
  Speaker 3: might be at the moment a bear trap in here.
• 19:13
  Speaker 3: The reason I think that is because if I look
• 19:17
  Speaker 3: at how many shorts there are at the moment, this
• 19:20
  Speaker 3: is excessive amount of shorts and we are on a
• 19:24
  Speaker 3: daily timeframe in here. So it's very rare that you
• 19:28
  Speaker 3: see at a moment where people are expecting that we're
• 19:31
  Speaker 3: going to enter into an old coin season, so many
• 19:34
  Speaker 3: people shortening this coin, and I think if they don't
• 19:38
  Speaker 3: manage to break below the support of two eight, they're
• 19:43
  Speaker 3: just gonna get into a short squeeze to the upside.
• 19:47
  Speaker 3: And the potential for that in terms of upside, let's
• 19:51
  Speaker 3: do this in here, let's look Actually, I'm gonna do
• 19:56
  Speaker 3: it different. I'm gonna take this law that will be
• 19:59
  Speaker 3: more correct. So if that broke to the upside, it
• 20:02
  Speaker 3: could take easily the coin to seven point eight dollars.
• 20:06
  Speaker 3: That is thanks to all the shorts there. So as
• 20:09
  Speaker 3: long as they don't win the arm wrestling and they
• 20:12
  Speaker 3: don't manage, which I think they won't be able. As
• 20:15
  Speaker 3: long as we continue with the polishness that we are
• 20:18
  Speaker 3: seeing currently with the old coins, there is a bias
• 20:21
  Speaker 3: towards breaking to the app side. So I think these
• 20:24
  Speaker 3: shorts are not going to get away with it.
• 20:27
  Speaker 1: Well, I think that's the question. Is everybody's been looking
• 20:30
  Speaker 1: at this as the potential for what might be coming
• 20:34
  Speaker 1: down the road in terms of all coins.
• 20:36
  Speaker 2: Many of course think.
• 20:37
  Speaker 1: That it could be memes that could lead the all
• 20:40
  Speaker 1: coin seasons, but then you look at what's happening in
• 20:42
  Speaker 1: the old coins, everything from Cardano, Solana, Avalanche, of course,
• 20:46
  Speaker 1: a handful of others that are out there, including things
• 20:48
  Speaker 1: like Chainlink. A lot of activity out there is if
• 20:51
  Speaker 1: you could pick two tokens right now, Mariano, that you'd
• 20:55
  Speaker 1: be looking at for entry positions within this all coin season,
• 21:00
  Speaker 1: just two tokens, what would be your targets right now
• 21:03
  Speaker 1: that might be good entries for you.
• 21:05
  Speaker 3: So I really like to look into the old coin
• 21:08
  Speaker 3: Sason Index website because it's just a free website and
• 21:11
  Speaker 3: you get all the performance of all the coins in
• 21:14
  Speaker 3: the past ninety days listed. And although I like the
• 21:19
  Speaker 3: coins that are on the left hand side of Bitcoin
• 21:21
  Speaker 3: because they have had an amazing rally and they are
• 21:24
  Speaker 3: currently experiencing that rally, I don't like to pick from
• 21:28
  Speaker 3: those to take any swing trade. But since you're asking
• 21:31
  Speaker 3: me for holding what we have immediately below, BTC are
• 21:37
  Speaker 3: coins that are not performing bad, they're just behind Bitcoin,
• 21:40
  Speaker 3: and they might any of these ones in here maybe
• 21:43
  Speaker 3: looking for the next opportunity to show that they're still relevant.
• 21:48
  Speaker 3: So we are looking right below BDC, at TIA, LTC, BCHICP,
• 21:54
  Speaker 3: and Field. Personally, I'm holding off some of them already,
• 21:59
  Speaker 3: we got this. I have a big back on Youthidium.
• 22:02
  Speaker 3: I think Injective. I will pick Injective because I already
• 22:06
  Speaker 3: have good positions in most of these other coins. Maybe
• 22:10
  Speaker 3: Injective will be a good entry.
• 22:13
  Speaker 2: Uh, this is a good one.
• 22:14
  Speaker 1: Hey, Mario, We're definitely gonna get you back on. We're
• 22:16
  Speaker 1: gonna have a end of year alt coin bonanza film
• 22:21
  Speaker 1: and episode, so we want to get you back on
• 22:24
  Speaker 1: for that, so we'll definitely give you guys a heads
• 22:26
  Speaker 1: up on that when we get rolling on it.
• 22:28
  Speaker 2: Again. Thanks for coming in today. We appreciate it.
• 22:31
  Speaker 3: Thank you so much for having me.
• 22:32
  Speaker 1: You bet all right, you guys, If you're not tuned
• 22:35
  Speaker 1: into the channel over here on YouTube, make sure and
• 22:37
  Speaker 1: come over here because this is the best place to
• 22:39
  Speaker 1: catch a lot of these charts and many people I
• 22:42
  Speaker 1: know on the podcast. We get so many new podcast
• 22:44
  Speaker 1: members that come from there and then join us on YouTube.
• 22:47
  Speaker 1: A lot of new YouTube watchers, so thanks for of
• 22:50
  Speaker 1: course subscribing. But you can get in on our own
• 22:53
  Speaker 1: email group, which is called the Diamond Circle. Just click
• 22:56
  Speaker 1: down below you guys can join there. It's absolutely free.
• 22:59
  Speaker 1: Follow me out there on X it's just at Paul Bart.
• 23:02
  Speaker 1: We'll catch you next time right here on tech bath
• 23:11
  Speaker 4: M hm