Latest / The Paul Barron Crypto Show / Powell Sparks Epic ETH Rally📈Technical Analysis w/ Evan Aldo

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Powell Sparks Epic ETH Rally📈Technical Analysis w/ Evan Aldo · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Palsepark's a rally. Of course, the market is starting to
• 0:03
  Speaker 1: heat up today. We'll break it down for you don't
• 0:05
  Speaker 1: want to miss it. My name is Paul Barreer. Welcome
• 0:06
  Speaker 1: back into the show. Let's get started. I do want
• 0:08
  Speaker 1: to thank our partner today and that of course is Gemini.
• 0:11
  Speaker 1: You guys can jump over to Gemini dot com not
• 0:13
  Speaker 1: only get in on first in class embedded smart wallets
• 0:18
  Speaker 1: which is all available over there, but also into very
• 0:21
  Speaker 1: active trading. If you want to hold some crypto, this
• 0:23
  Speaker 1: is the place to do it. Just visit Gemini dot com.
• 0:26
  Speaker 1: One new announcement that they did which is huge is
• 0:29
  Speaker 1: their credit card business. Is you jump over their Twitter
• 0:32
  Speaker 1: account look get that right there. We have an XRP
• 0:35
  Speaker 1: coming August twenty fifth, so be on the lookout for that.
• 0:38
  Speaker 1: Of course, that will probably heat up a little bit
• 0:41
  Speaker 1: of the XRP trading over there. It's going to be interesting.
• 0:43
  Speaker 1: Check the link down below. It does help the channel.
• 0:46
  Speaker 1: I want to open up today on a clip before
• 0:48
  Speaker 1: I bring in Evan, who's going to chart a lot
• 0:51
  Speaker 1: of tokens that could be on the move. We'll also
• 0:53
  Speaker 1: take a look at Evan's alt coin portfolio. You don't
• 0:57
  Speaker 1: want to miss that one, because it is going to
• 0:58
  Speaker 1: show you, guys some interesting things. Let's go to this
• 1:01
  Speaker 1: opening clip.
• 1:02
  Speaker 2: In the near term, risks to inflation are tilted to
• 1:05
  Speaker 2: the upside and risks to employment to the downside, a
• 1:08
  Speaker 2: challenging situation when our goals are intentioned like this. Our
• 1:13
  Speaker 2: framework calls for us to balance both sides of our
• 1:15
  Speaker 2: dual mandate. Our policy rate is now one hundred basis
• 1:19
  Speaker 2: points closer to neutral than it was a year ago,
• 1:23
  Speaker 2: and the stability of the unemployment rate and other labor
• 1:26
  Speaker 2: market measures allows us to proceed carefully as we consider
• 1:30
  Speaker 2: changes to our policy stance. Nonetheless, with policy and restrictive territory,
• 1:36
  Speaker 2: the baseline outlook and the shifting balance of risks may
• 1:39
  Speaker 2: warrant adjusting our policy stance.
• 1:43
  Speaker 1: Martarie.
• 1:43
  Speaker 2: Policy is not on a preset course. FOMC members will
• 1:47
  Speaker 2: make these decisions based solely on their assessment of the
• 1:50
  Speaker 2: data and its implications for the economic outlook and the
• 1:54
  Speaker 2: balance of risks. We will never deviate from that approach.
• 1:58
  Speaker 1: Okay, So this of course blew up the Internet and
• 2:01
  Speaker 1: blew up the crypto markets as well as also the
• 2:04
  Speaker 1: traditional markets. A lot happening out there. I want to
• 2:07
  Speaker 1: bring in Evan Aldo to kind of chat with this
• 2:10
  Speaker 1: topic and this event moving forward. What did you think
• 2:14
  Speaker 1: about this, Evan?
• 2:15
  Speaker 3: Were you surprised, well, a little bit, he cave.
• 2:20
  Speaker 1: Just say it, just say it. You were surprised.
• 2:23
  Speaker 3: Yeah, yeah, yeah yeah, I mean their Powell is not
• 2:27
  Speaker 3: strong anymore, he caved. Trump always wins.
• 2:30
  Speaker 1: Well, let's get into I want to get into the charts.
• 2:33
  Speaker 1: We're gonna we're gonna take a look at e Theoryum
• 2:35
  Speaker 1: of course it's doing crazy. But before you guys do that,
• 2:37
  Speaker 1: go over to Evan's channel right there. You guys can
• 2:40
  Speaker 1: do it and it's uh man, you hit twenty k. Hello,
• 2:45
  Speaker 1: now we're in the big leagues. Baby, Now we're in
• 2:47
  Speaker 1: the big leagues. Good congratulations to you you guys. Subscribe
• 2:51
  Speaker 1: to this channel right here. This is the guy that
• 2:52
  Speaker 1: can give you some alpha on trading tactics and check
• 2:56
  Speaker 1: it out. Let me jump over to this tweet. So
• 2:59
  Speaker 1: h suggestion was that current conditions may warrant interest rate cuts.
• 3:05
  Speaker 1: So the conditions that you know, we've been talking about
• 3:09
  Speaker 1: quite a bit, and that I always state and I
• 3:12
  Speaker 1: look at it in a sense of, you know, rather
• 3:15
  Speaker 1: than the numbers you know that get you know, come
• 3:17
  Speaker 1: out of the government and the bureaucrats. Is I believe
• 3:19
  Speaker 1: that if you follow the companies, you know, traditional companies,
• 3:24
  Speaker 1: whether they're public or private, listen to what those executives
• 3:27
  Speaker 1: are saying, because they will tell you a different story
• 3:30
  Speaker 1: in many cases. And they have been saying to me
• 3:31
  Speaker 1: for the last year that the labor market is in trouble,
• 3:36
  Speaker 1: and of course now we're starting to see it. It's
• 3:39
  Speaker 1: a lagging indicator that often the FED gets with. So
• 3:42
  Speaker 1: that's the big problem that I think we're faced with
• 3:44
  Speaker 1: right now. The S and P surge is over eighty
• 3:47
  Speaker 1: points right now. Evan, would you put anything in crypto
• 3:52
  Speaker 1: adjacent stocks right now? Coinbase, you know, BM and R,
• 3:56
  Speaker 1: if you were looking at ethereum, treasure companies, anything at all.
• 4:01
  Speaker 3: At this point, I think it's you'll it'll probably go up, yes,
• 4:05
  Speaker 3: but it's more about get in and get out in
• 4:07
  Speaker 3: a few months kind of I would say. I mean
• 4:09
  Speaker 3: those other ones, I would say, spat IM and R
• 4:12
  Speaker 3: be careful. I think they will go up, but I'd
• 4:14
  Speaker 3: rather just biteth to be.
• 4:15
  Speaker 1: Honest with the direct you know direct you know, yeah,
• 4:22
  Speaker 1: act I think that's something that plays into a lot
• 4:24
  Speaker 1: of people's strategy. Let's get into a report from CNBC
• 4:29
  Speaker 1: because they're kind of breaking down why he's cutting, and
• 4:32
  Speaker 1: I'll explain a little bit more about this, but let's
• 4:33
  Speaker 1: play that clip.
• 4:34
  Speaker 4: What I've written down is four reasons why the Fed
• 4:37
  Speaker 4: may cut and one reason why it may not. So
• 4:39
  Speaker 4: it's four to one in that regard. It may cut
• 4:41
  Speaker 4: because the current rate is moderately restrictive, because the labor
• 4:44
  Speaker 4: market is unlikely to lead the high inflation. That's a
• 4:47
  Speaker 4: pretty important point. He kind of as adopted Fed Governor
• 4:50
  Speaker 4: Chris Waller's take on that they're gonna cut because the
• 4:53
  Speaker 4: downside mystery employment have risen and because tariffs are likely
• 4:57
  Speaker 4: at one time price increase. I would say, reading that statement,
• 5:00
  Speaker 4: maybe I'm missing one. The only caveat to all that
• 5:03
  Speaker 4: is obviously that he didn't measures but the data to
• 5:06
  Speaker 4: come in the coming months, and that inflation expectations remain
• 5:09
  Speaker 4: well anchored. So I think he's pointed us to a
• 5:12
  Speaker 4: rate cut in September with just a few caveats relative
• 5:15
  Speaker 4: to the data at inflation expectations.
• 5:17
  Speaker 1: So my take on this is that this is the
• 5:21
  Speaker 1: tilting or the turning of the Titanic. We are moving
• 5:24
  Speaker 1: into whether you many people might call it or consider
• 5:27
  Speaker 1: it maybe a supercycle possibly heating up going into later
• 5:31
  Speaker 1: this year with FED rate cuts, and I think we'll
• 5:33
  Speaker 1: see multiple Then you start to roll into now kind
• 5:37
  Speaker 1: of dead man walking going into his May exit, which
• 5:41
  Speaker 1: is going to place another friendly in the FED, which,
• 5:46
  Speaker 1: of course, who knows where that's going to take it
• 5:47
  Speaker 1: From here? How do you see the year end playing
• 5:50
  Speaker 1: out on? And let's stay with ethereum. If you go
• 5:52
  Speaker 1: to your chart right now, what does it look like for.
• 5:56
  Speaker 3: Eth It looks greatful. I mean your main target here,
• 6:01
  Speaker 3: if we can hold you know, forty six forty seven hundred,
• 6:04
  Speaker 3: you easily have a target at fifty three hundred, and
• 6:07
  Speaker 3: we could just take that, you know, basic ta. Your
• 6:09
  Speaker 3: next phase is going to be fifty three hundred. I
• 6:12
  Speaker 3: think you should be able to get there by end
• 6:14
  Speaker 3: a month at fifty three hundred. Now, generally in post
• 6:17
  Speaker 3: having years, the last two of them, you did see
• 6:20
  Speaker 3: a red October. It would not surprise me, or excuse me,
• 6:23
  Speaker 3: red September, it would not surprise me. Into that rate cut,
• 6:27
  Speaker 3: coming back just a little bit into that ray cut,
• 6:29
  Speaker 3: and I'm kind of hoping we come back into that
• 6:31
  Speaker 3: ray cut, because usually the rate cut is a change
• 6:33
  Speaker 3: in momentum. If you could come into the rate cut
• 6:35
  Speaker 3: a little bit on a pullback, a little bit bearish,
• 6:38
  Speaker 3: I think that should be able to take you up
• 6:40
  Speaker 3: into a major all point season come October and come
• 6:43
  Speaker 3: into November. Those two months I think are going to
• 6:45
  Speaker 3: be really crucial, and then getting into the end of
• 6:48
  Speaker 3: the year, probably October the earliest seventy four hundred. Now,
• 6:51
  Speaker 3: if we make a new all time high by the
• 6:53
  Speaker 3: end of this month, I think you may I could be,
• 6:56
  Speaker 3: you know, a little bit too optimistic, but I think
• 6:58
  Speaker 3: you might be able to just my sometime in November
• 7:02
  Speaker 3: December ten k or eleven k absolute max, But I
• 7:05
  Speaker 3: would be scaling out right when you hit that seven
• 7:08
  Speaker 3: k from October. So that's kind of my plan. I'm
• 7:11
  Speaker 3: not saying awesome.
• 7:13
  Speaker 1: Yeah, I don't think Evanaldo ever sees ten K. I
• 7:17
  Speaker 1: think you're out. I think you're out of there. I'm
• 7:21
  Speaker 1: just joking. I'm playing it, you know, because I think
• 7:23
  Speaker 1: a lot of people who are very convicted on ethereum
• 7:25
  Speaker 1: are like, hey, ten K, who knows I'm going to
• 7:28
  Speaker 1: stay in this asset for years? That kind of thing.
• 7:31
  Speaker 1: But look at you look at some of the indicators
• 7:34
  Speaker 1: that we've been showing here on the show. One of course,
• 7:37
  Speaker 1: that I will say everybody has pointed to, has been
• 7:41
  Speaker 1: poly market. Now, poly market became very erratic right here.
• 7:45
  Speaker 1: This was back here on July thirty first, things started
• 7:49
  Speaker 1: shifting dramatically. We saw these crazy shifts, all with basic
• 7:55
  Speaker 1: attention being driven in from Powell, the Trump administration, all
• 8:00
  Speaker 1: these things. And to me, I look at this, and
• 8:03
  Speaker 1: I look the erratic nature of what's happening in the
• 8:05
  Speaker 1: prediction markets, and I think, wow, you know, polymarket actually
• 8:08
  Speaker 1: got it wrong. I believe got it wrong here in
• 8:10
  Speaker 1: the sense there was so much erratic behavior on where
• 8:13
  Speaker 1: the market thought it was going. And then Pale turns
• 8:16
  Speaker 1: around and does something here. Maybe bessn't and Trump had
• 8:20
  Speaker 1: some influence on this. It's very possible there's been a
• 8:23
  Speaker 1: lot of pressure from this administration. But I was surprised
• 8:26
  Speaker 1: that Powell readjusted. Now do I think he was right
• 8:29
  Speaker 1: to do that? Well, I think he should have done
• 8:31
  Speaker 1: it in July, which is what we were calling for July,
• 8:34
  Speaker 1: because that might have been able to save a little
• 8:37
  Speaker 1: bit of the labor market and that's the concern I
• 8:40
  Speaker 1: have right now. I don't know if we can save
• 8:43
  Speaker 1: the labor market because it takes months, if not a year,
• 8:48
  Speaker 1: for many of these businesses to recorrect. You know, Walmart
• 8:52
  Speaker 1: was a good example. They had terrible earnings. I think
• 8:54
  Speaker 1: their next quarter is going to even be worse, which
• 8:57
  Speaker 1: is only going to put more pressure on them to
• 8:59
  Speaker 1: lay people. And that's that's the lagging effect that you
• 9:02
  Speaker 1: can't really, you know, adjust to. With that being said,
• 9:07
  Speaker 1: this was your tweet right there. I'm not gonna lie,
• 9:12
  Speaker 1: I'm hoping, and we pause, But that was only because
• 9:16
  Speaker 1: you're thinking that this aligns with your four year cycle.
• 9:18
  Speaker 1: So I get it. So he's not gonna pause. So
• 9:21
  Speaker 1: September you're gonna see I run up. How does that
• 9:24
  Speaker 1: change your vision of the four year cycle? Now?
• 9:28
  Speaker 3: I think all it really probably is a little bit
• 9:31
  Speaker 3: a little bit better in some ways. I mean, it
• 9:33
  Speaker 3: depends how you look at it, but I do think
• 9:34
  Speaker 3: it'll give an all season in October. I still think
• 9:38
  Speaker 3: that bitcoin's got a good shot of peaking out in October,
• 9:41
  Speaker 3: but it may be more like twenty seventeen into twenty eighteen,
• 9:44
  Speaker 3: where alts could ride for another one to two months
• 9:48
  Speaker 3: since it potentially the end of the year, so I
• 9:50
  Speaker 3: want to reiterate my strateg you scale out from October
• 9:54
  Speaker 3: to December, not to advice, just what I'm gonna do here.
• 9:57
  Speaker 1: Yeah, yeah, Well, and we're going to take a look
• 9:59
  Speaker 1: at at the portfolio because we will be we have
• 10:03
  Speaker 1: Evans allcoin portfolio that we we mapped up about a
• 10:06
  Speaker 1: month and a half ago. We're going to continue to
• 10:08
  Speaker 1: showcase it here and we'll show you when we're exiting,
• 10:11
  Speaker 1: you know as well. So each of these kind of
• 10:14
  Speaker 1: trades that we're going to be doing. Lark Davis was
• 10:16
  Speaker 1: out there God Candle coming in on eight one of
• 10:19
  Speaker 1: the largest he had ever seen. Where we are right
• 10:22
  Speaker 1: now on Ethereum. Have you do you see a pivot
• 10:26
  Speaker 1: on this just on the response? And do you think
• 10:28
  Speaker 1: eth will go into the weekend trying to challenge its
• 10:33
  Speaker 1: all time high?
• 10:35
  Speaker 3: It should, Paul, I mean, it's so hard to say.
• 10:37
  Speaker 3: I think the main thing I'll show you on the
• 10:39
  Speaker 3: chart here if we go more in the short term
• 10:41
  Speaker 3: on Ethereum, my main place that we want to break
• 10:45
  Speaker 3: through this is our old all time high forty eight hundred.
• 10:47
  Speaker 3: So if we were to lose, you know, lose this
• 10:50
  Speaker 3: spider line right here in the next few hours, then
• 10:53
  Speaker 3: it would get tougher. Maybe it's kind of a rejection.
• 10:56
  Speaker 3: If I had a guess, I think we should come
• 10:58
  Speaker 3: up to this level again if we can break you know,
• 11:00
  Speaker 3: if we could break the new all time high, that
• 11:02
  Speaker 3: would be greater or get you know, get close to it.
• 11:04
  Speaker 3: Then that's a new all time high right there. That's
• 11:06
  Speaker 3: it's marked out the area here. This is our previous
• 11:09
  Speaker 3: So this is important to kind of you know, break
• 11:11
  Speaker 3: through as well. So you know, we what we don't
• 11:13
  Speaker 3: want to do, the main thing, We just don't want
• 11:15
  Speaker 3: to lose this, you know, you want to kind of
• 11:17
  Speaker 3: keep this journal at forty six hundred. As long as
• 11:19
  Speaker 3: we do that, we should be all the good for
• 11:21
  Speaker 3: fifty three hundred by a month and of all time high.
• 11:24
  Speaker 3: That's what I think will happen, but been wrong before.
• 11:27
  Speaker 1: Yeah, okay, well, let's let's play it on the counter
• 11:30
  Speaker 1: on the counter trade, because a lot of a lot
• 11:34
  Speaker 1: of ETH shorts just got wrecked this morning in a
• 11:36
  Speaker 1: big way. So is there an opportunity here for a pullback?
• 11:41
  Speaker 1: And if there was, where would you look at it?
• 11:43
  Speaker 1: If Eath were to run up to its all time
• 11:45
  Speaker 1: high and it doesn't break it. Do you think we
• 11:47
  Speaker 1: could see a pullback or do you feel like this
• 11:49
  Speaker 1: blasts through?
• 11:51
  Speaker 3: I think it blasts through, but if you do see it,
• 11:53
  Speaker 3: I mean I I think my guess is that the
• 11:56
  Speaker 3: four thousand mark again kind of where we were, would
• 11:59
  Speaker 3: be the place that you pull back if you trade Okay,
• 12:02
  Speaker 3: But I think there's so much hype Paul, if you
• 12:05
  Speaker 3: get if you can break through a new all time higher, going.
• 12:07
  Speaker 1: To yeah, the carry on. This is just so strong
• 12:10
  Speaker 1: right now because I think all the major networks are
• 12:14
  Speaker 1: going to be pumping on you know what is happening
• 12:16
  Speaker 1: in the traditional markets, that money is going to start
• 12:19
  Speaker 1: flowing into yield assets like stable. Stable is already seeing
• 12:22
  Speaker 1: outflows that are you know, crazy. Last time I think
• 12:25
  Speaker 1: we saw stable point outflow is when Eclipse three grand.
• 12:30
  Speaker 1: So a lot of definite moves out there in the market.
• 12:34
  Speaker 1: And uh, as far as bitcoin versus eight right now,
• 12:38
  Speaker 1: how would uh if you take a look at that chart,
• 12:40
  Speaker 1: obviously it's been trending up for some time. Do you
• 12:42
  Speaker 1: think there's any correlation to a bitcoin eight trade down
• 12:46
  Speaker 1: the road.
• 12:48
  Speaker 3: I think it's going to keep going generally. I think
• 12:51
  Speaker 3: you're at least going to get up to this point
• 12:53
  Speaker 3: the four point oh four nine and then the big
• 12:55
  Speaker 3: trend line here from the the this old all time
• 12:58
  Speaker 3: high on it June of twenty seventeen would be at
• 13:01
  Speaker 3: point zho five to five. So that's up from where
• 13:03
  Speaker 3: we are right now, about another forty percent jump. So yeah,
• 13:07
  Speaker 3: I think this should at least get up to here.
• 13:08
  Speaker 3: If you can break them up there, you might be
• 13:10
  Speaker 3: able to come up to your highs of August of
• 13:12
  Speaker 3: twenty two, but that would be probably like a ten
• 13:14
  Speaker 3: kdth at that point, so let's not get too ahead
• 13:17
  Speaker 3: of ourselves. But I think, you know, this should keep
• 13:20
  Speaker 3: going for a few more months generally, So.
• 13:21
  Speaker 1: Yeah, rabl pal out on this topic, the big game
• 13:26
  Speaker 1: yet to be played total three total market cap excluding
• 13:30
  Speaker 1: bitcoin and eight. So we're still looking at a potential
• 13:33
  Speaker 1: here for an all coin run. In terms of the
• 13:35
  Speaker 1: all coins that you could look at, We're going to
• 13:37
  Speaker 1: take a look at some layer ones and I think
• 13:41
  Speaker 1: when you look at optimism, this of course being kind
• 13:43
  Speaker 1: of a beta on eth. Are you looking at optimism
• 13:47
  Speaker 1: right now? And can we chart that one?
• 13:50
  Speaker 4: Yeah?
• 13:50
  Speaker 3: I mean it's it looks good, you know, it's a
• 13:52
  Speaker 3: big area, huge bubble pop pattern right here. And then
• 13:57
  Speaker 3: I think at least you know you should see is
• 14:00
  Speaker 3: just basic stredge. You know, we're setting shoulders. If you
• 14:02
  Speaker 3: break up from here, you look at a dollar fifty
• 14:06
  Speaker 3: at least, so at least a double I think your
• 14:07
  Speaker 3: average Alquinn will do a two to three x at least,
• 14:10
  Speaker 3: so you know, i'd say probably worst case scenario for
• 14:12
  Speaker 3: this dollar fifty. Best case scenario, you might be able
• 14:15
  Speaker 3: to get back to four dollars or something. So we'll see.
• 14:19
  Speaker 1: Yeah, what about Polygon. This is another one right now. Oh,
• 14:24
  Speaker 1: Polygon just added sixty billion in RWA value. This is
• 14:28
  Speaker 1: getting ready to play. We finally might see Polygon come
• 14:31
  Speaker 1: off the mat.
• 14:33
  Speaker 3: Yeah, let's take a look. So when you look at
• 14:36
  Speaker 3: Polygon right here, just a nice verse head and shoulders pattern,
• 14:39
  Speaker 3: one of my favorite patterns in a bull market easily
• 14:42
  Speaker 3: a thirty cent token. I think if you could break
• 14:45
  Speaker 3: above their you know, forty, I mean, I think you
• 14:48
  Speaker 3: got a real good shot of doing a three x. Here,
• 14:50
  Speaker 3: you're about five cents. But compared to the old, the
• 14:52
  Speaker 3: real old all time high, I don't even look at
• 14:54
  Speaker 3: the matic chart with the real old all the time.
• 14:56
  Speaker 3: Hide's too depressing if you own this like I do.
• 14:58
  Speaker 3: But let's get it up to seventy five. Sense that
• 15:00
  Speaker 3: would be a good goal for end of year two
• 15:02
  Speaker 3: or three X. I think you could easily do so. Yeah.
• 15:04
  Speaker 1: As far as the all coin market and everybody kind
• 15:09
  Speaker 1: of thinking that our season is going to cycle in,
• 15:13
  Speaker 1: could we risk the issue? And this is something that
• 15:16
  Speaker 1: I've talked to a couple of analysts on could we
• 15:18
  Speaker 1: risk the issue of the all coin I should say
• 15:23
  Speaker 1: outside the top one hundred never truly running because we've
• 15:27
  Speaker 1: got so much institutional capital pushing these major projects higher.
• 15:32
  Speaker 1: And that would say the top twenty five to top
• 15:34
  Speaker 1: fifty tokens any risk there on all coin markets not
• 15:38
  Speaker 1: actually seeing a bull run, it's.
• 15:41
  Speaker 3: Hard to say. I mean, I personally don't own too
• 15:44
  Speaker 3: many outside the top one hundred. It does make sense, yeah,
• 15:47
  Speaker 3: over over time, but then you see all the mean
• 15:49
  Speaker 3: coins and other speculative stuff, so I think for that,
• 15:52
  Speaker 3: you know some of them definitely will do well. I
• 15:54
  Speaker 3: don't know that's a good question, Paul, I really don't know.
• 15:57
  Speaker 3: I think it's you know, it's riskier. The farther you
• 15:59
  Speaker 3: get down, the more risky it becomes I think so. Yeah.
• 16:02
  Speaker 1: Well, one of the meme coins that is rallying right
• 16:06
  Speaker 1: now that is in the top one hundred is Padjet Penguins.
• 16:08
  Speaker 1: We had a luka on Luca at On earlier this week,
• 16:12
  Speaker 1: and you know, his position was pretty straightforward. We're going
• 16:15
  Speaker 1: to flip Doge and the reason was simple. Doge had
• 16:19
  Speaker 1: kind of basically spent its time in the sun. We
• 16:22
  Speaker 1: haven't seen a big pump with these recent ETH run ups,
• 16:25
  Speaker 1: and maybe now it is time for the baton to
• 16:28
  Speaker 1: be passed. When you look at pengu do you think
• 16:31
  Speaker 1: it has a shot. I know, we're going to show
• 16:33
  Speaker 1: the chart pengu is in our portfolio and there's a
• 16:37
  Speaker 1: you know, a breaking news item in there. We'll talk
• 16:39
  Speaker 1: about them. But as far as the pengu the chart,
• 16:41
  Speaker 1: how would you look at this one right now?
• 16:45
  Speaker 3: It definitely has potential. If we go to the ingood
• 16:48
  Speaker 3: chart right over here, you know you kind of had
• 16:50
  Speaker 3: to pull back, you know, I think it's kind of
• 16:52
  Speaker 3: hitting support in this area. It is triggered away for me.
• 16:55
  Speaker 3: In the two day it generally looks pretty good. I
• 16:57
  Speaker 3: think he got a good shot of getting back up
• 16:59
  Speaker 3: to these highs, probably like seven cents, so about a double.
• 17:02
  Speaker 3: I think if all goes really well, you could see
• 17:04
  Speaker 3: eleven cents, so a little over a triple definitely could
• 17:07
  Speaker 3: be in the cards. I would guess this would kind
• 17:09
  Speaker 3: of perform how your average all point, your average decentall
• 17:13
  Speaker 3: coin performs like a two to three X, and I
• 17:15
  Speaker 3: would think Doge would do something similar as well. I
• 17:17
  Speaker 3: think Doge, you know, a two X would be or
• 17:20
  Speaker 3: a three X would be at the old all time high,
• 17:22
  Speaker 3: so to for both of those, I would guess similar
• 17:25
  Speaker 3: performances for both of those. Like main you know, those
• 17:27
  Speaker 3: are two the biggest mean coins at points.
• 17:29
  Speaker 1: Yeah, yeah, well you're not necessarily. I mean we have
• 17:32
  Speaker 1: Bonk obviously that plays in there, and some of the
• 17:35
  Speaker 1: top main coins. But I'm kind of on Luca's you know,
• 17:40
  Speaker 1: bandwagon with this one. I think there may be a
• 17:42
  Speaker 1: shot that pegu could catch a wave. You know, there's
• 17:46
  Speaker 1: a shark a short and narrow window that it has
• 17:49
  Speaker 1: to occur in some of the things that are going
• 17:52
  Speaker 1: to happen from the economy, what we might see in
• 17:55
  Speaker 1: terms of the crypto market itself, and a lot of
• 17:57
  Speaker 1: people looking for liquidity exits, you know, if they're taking
• 18:00
  Speaker 1: profits on some things and trying to move into others.
• 18:03
  Speaker 1: I think that will be the question mark going forward,
• 18:05
  Speaker 1: another one to kind of keep an eye on his flow.
• 18:08
  Speaker 1: This of course gets into one of their updates to
• 18:10
  Speaker 1: have Disney Pinacle partnership, which we've talked about a lot
• 18:14
  Speaker 1: on this channel, but they also have a little bit
• 18:18
  Speaker 1: of DE five volume starting to move into this as well.
• 18:21
  Speaker 1: If you look at flow and where it is currently,
• 18:24
  Speaker 1: is this something that you would go into today?
• 18:28
  Speaker 3: I mean, for a yes or no. It's not one
• 18:32
  Speaker 3: of my favorite coins, but you know, I don't like
• 18:34
  Speaker 3: how it's bled so much. But I do think you're
• 18:37
  Speaker 3: hitting a pretty good point here. Things are starting to
• 18:39
  Speaker 3: look a little bit better. I think you've got a
• 18:42
  Speaker 3: good shot of, you know what I really want to
• 18:44
  Speaker 3: see this do, which would be over at three X
• 18:46
  Speaker 3: back up to these areas. But you know, you're first
• 18:49
  Speaker 3: you got to break above kind of seventy cents, you know,
• 18:51
  Speaker 3: these places in the middle. So I don't like it
• 18:54
  Speaker 3: as much as a lot of other things we looked at,
• 18:56
  Speaker 3: but I think you've got a good shot of getting
• 18:58
  Speaker 3: you know, a double you know, seventy cents or there,
• 19:00
  Speaker 3: and then hopefully up to one forty, But I don't know.
• 19:03
  Speaker 3: This chart just looks kind of depressing to me. I
• 19:05
  Speaker 3: want to see a little bit more momentum here before
• 19:07
  Speaker 3: I really pull the trigger on this one.
• 19:11
  Speaker 1: Okay, all right, Well, we got a lot to look
• 19:14
  Speaker 1: at here on your portfolio. If you guys did not know,
• 19:16
  Speaker 1: Evan and I, well we shared it on the show.
• 19:18
  Speaker 1: We told everybody we were going to do this, and
• 19:20
  Speaker 1: I think we've showed it once. I'm going to show
• 19:22
  Speaker 1: it again. Currently right now, Evan, we are in an
• 19:25
  Speaker 1: all time profit of thirteen almost fourteen percent currently on
• 19:30
  Speaker 1: the day, and I've got this sorted by our profit zones,
• 19:33
  Speaker 1: which we've got Ethereum setting at the top, chain Link
• 19:37
  Speaker 1: and the number two slot right now, Arbitram setting in
• 19:41
  Speaker 1: the number three slot, Ave coming in number four in
• 19:45
  Speaker 1: terms of profit, not necessarily in terms of holding, and
• 19:48
  Speaker 1: then Solana nailing the top five. Even Cardino makes it
• 19:52
  Speaker 1: in there. If we go on based on our holdings
• 19:54
  Speaker 1: right now, still Eth Arbitram, Solana, and chain Link, and
• 19:58
  Speaker 1: then Injective is our position, and then we have Ave,
• 20:02
  Speaker 1: Avalanche and Tal sliding in. So this has been a
• 20:06
  Speaker 1: position where we are. Evan and I built this portfolio
• 20:09
  Speaker 1: several weeks back. We purchased into that time. I think
• 20:12
  Speaker 1: we told the diamond circle this is what we're doing.
• 20:15
  Speaker 1: And so far where performance is doing fairly well. If
• 20:18
  Speaker 1: you look at the all time profit versus bitcoin's trend,
• 20:21
  Speaker 1: we're up significantly right there. An allocation, of course, the portfolio,
• 20:25
  Speaker 1: of course took a spike today just because of what's
• 20:27
  Speaker 1: happening in the market, and we were so top heavy
• 20:30
  Speaker 1: on eth Is there anything Evan that you would add
• 20:34
  Speaker 1: to this portfolio right now if you said, Paul, let's
• 20:38
  Speaker 1: go out and buy this token, what would it be.
• 20:41
  Speaker 3: Well, I don't want to throw you under the bus,
• 20:44
  Speaker 3: but I think I had Polyly gone in there instead
• 20:46
  Speaker 3: of Pengu.
• 20:48
  Speaker 1: So me go ahead, Let's throw me under the bus.
• 20:51
  Speaker 1: Let's do it. Let's go to my loss leader. Let's
• 20:54
  Speaker 1: take it. We bought pengu. We bought Pengu at the
• 20:59
  Speaker 1: wrong time. I think that is our issue, wet. We
• 21:01
  Speaker 1: bought it at the wrong time. But I think it's
• 21:03
  Speaker 1: going to bail us out now. Granted, it means we
• 21:06
  Speaker 1: have to expand the portfolio. And we were talking let's
• 21:09
  Speaker 1: keep it at the one hundred k me in. What
• 21:12
  Speaker 1: would we exit out of and move let's say ten
• 21:17
  Speaker 1: percent of that portfolio into Let's go back to the
• 21:19
  Speaker 1: portfolio real quick and take a look, because on the
• 21:24
  Speaker 1: bottom side, let's go to our losers. Okay, let's go
• 21:27
  Speaker 1: to our losers. And right there, our loser right now
• 21:30
  Speaker 1: is Tao, Pengu, Hadera, and Sui setting it negative one
• 21:36
  Speaker 1: hundred bucks right now, and then Jupiter near protocol, and
• 21:41
  Speaker 1: that's it. That's the only losers we have right now.
• 21:43
  Speaker 1: Is there any of those that you would say, let's
• 21:45
  Speaker 1: jettison that token and reposition that cash into something else.
• 21:51
  Speaker 3: I think the only one out of those, and I
• 21:53
  Speaker 3: mean it's hard to say the only one out of those,
• 21:55
  Speaker 3: maybe Haengu versus, like something that maybe could be more
• 21:59
  Speaker 3: of a sleeper hit, like a poly orplace it with
• 22:02
  Speaker 3: a polygon or something. Probably even I think I originally
• 22:06
  Speaker 3: had XRP on that list. Maybe maybe even xrp's got
• 22:09
  Speaker 3: some potential for a little bit more. But XRP at
• 22:11
  Speaker 3: this point, I don't know.
• 22:14
  Speaker 1: Okay, Rob, Okay, why are you saying XRP has some potential.
• 22:18
  Speaker 1: Let's go look at the chart real quick.
• 22:21
  Speaker 3: XRP. It's always let's take a look at x ORP.
• 22:24
  Speaker 3: I I do think to be fair, I do think
• 22:26
  Speaker 3: Polygon will probably upperform it. But if you want to
• 22:28
  Speaker 3: safer slightly safer bet than a pain gooo than a
• 22:32
  Speaker 3: you know, I think XRP stills a decent shot at
• 22:35
  Speaker 3: four dollars, so you know up here, maybe even six dollars,
• 22:41
  Speaker 3: maybe even.
• 22:41
  Speaker 1: Trading at three bucks right now, that'd be that'd be
• 22:44
  Speaker 1: a fairly nice move if we see a yeah, okay,
• 22:50
  Speaker 1: all right, okay, so let's get together after the show today.
• 22:54
  Speaker 1: Let's reformulate some of this lower portion of the portfolio
• 22:58
  Speaker 1: and maybe even can I don't know if we would
• 23:01
  Speaker 1: take profits on anything right now or not, but right
• 23:04
  Speaker 1: now we're still looking at probably an October exit, maybe
• 23:07
  Speaker 1: a November exit for some of these.
• 23:09
  Speaker 3: Right scaling out from October ten the year I think
• 23:13
  Speaker 3: makes the most sense.
• 23:14
  Speaker 1: Heavan, it was good seeing you. Thanks for coming on today.
• 23:16
  Speaker 1: We appreciate it.
• 23:17
  Speaker 3: Great to be another Paul.
• 23:19
  Speaker 1: Thanks you bet all right, guys, we will catch you
• 23:21
  Speaker 1: soon right here on the Paul Baron shoe. Take care,