Latest / The Paul Barron Crypto Show / Tariff Deal Rally?🔥Crypto Technical Analysis with DataDash

Transcript

Tariff Deal Rally?🔥Crypto Technical Analysis with DataDash · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Is October back today.
• 0:01
  Speaker 2: We'll break it down for you, give a whole run
• 0:03
  Speaker 2: of some analysis on bitcoin ethereum, all that you don't
• 0:06
  Speaker 2: want to miss it. Let's just jump right in. I
• 0:08
  Speaker 2: do want to thank our sponsor today and that is Coinbase.
• 0:10
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• 0:12
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• 0:15
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• 0:17
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• 0:21
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• 0:24
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• 0:27
  Speaker 2: We're going to bring in Paul coming in from Data
• 0:29
  Speaker 2: Dash to break down some of the charts because many
• 0:32
  Speaker 2: people are looking at October as being a resurgence in
• 0:36
  Speaker 2: the market.
• 0:37
  Speaker 1: Paul, welcome back in.
• 0:39
  Speaker 3: Paul, always an honor. Today's a big day.
• 0:41
  Speaker 4: We got yet again another all time high in the
• 0:42
  Speaker 4: stock market and Paul's at all time high on the
• 0:46
  Speaker 4: Paul Baron Show.
• 0:47
  Speaker 2: There you go, man, man, If you guys have not
• 0:49
  Speaker 2: checked out data Dash, just jump over into YouTube data
• 0:52
  Speaker 2: Dash right there. You'll be able to find them and
• 0:55
  Speaker 2: get into a lot of what he's doing. The one
• 0:58
  Speaker 2: hour ago you did this video right here urgent update.
• 1:03
  Speaker 2: Everyone is wrong about bitcoin's move here, So let's break
• 1:08
  Speaker 2: that down real quickly. A couple of points before we
• 1:11
  Speaker 2: get into that. There are some things that are very
• 1:13
  Speaker 2: critical this week that could apply into bitcoin, and that
• 1:17
  Speaker 2: is we've got a FED interest rate and decision on Wednesday.
• 1:20
  Speaker 1: That's THEFOMC meeting.
• 1:22
  Speaker 2: Chair Powell will also have a conference then, and then
• 1:25
  Speaker 2: we'll get all kinds of earnings man meta alphabet, et cetera.
• 1:29
  Speaker 2: And then Trump is going to be meeting with she
• 1:32
  Speaker 2: President She on Thursday. That could be a huge catalyst
• 1:36
  Speaker 2: if we get any good positive you know, Newton's coming
• 1:39
  Speaker 2: out of that. And of course Apple and Amazon comes
• 1:42
  Speaker 2: in on Thursday, and twenty percent of the S and
• 1:44
  Speaker 2: P companies report earnings this week, so lots of good
• 1:48
  Speaker 2: stuff with the fact that we've got an all time
• 1:50
  Speaker 2: high again on the S and P. Let's go into
• 1:54
  Speaker 2: the bitcoin chart because I think a lot of people
• 1:56
  Speaker 2: saw the move over the weekend. Some people say, hey,
• 2:00
  Speaker 2: there's kind of a roll up of all these opportunities
• 2:05
  Speaker 2: that are causing this move. What are you seeing in
• 2:07
  Speaker 2: the charts there, Paul.
• 2:09
  Speaker 4: Yeah, So the video I put out today that was
• 2:12
  Speaker 4: stating that everyone was wrong essentially. It was just kind
• 2:15
  Speaker 4: of more so in the short term here because I
• 2:17
  Speaker 4: know that many are going to look at this pump
• 2:19
  Speaker 4: over the weekend, and this is on a daily timeframe, right,
• 2:22
  Speaker 4: so we all know that we had this push from
• 2:25
  Speaker 4: Sunday from one hundred and eleven one hundred and sixteen
• 2:27
  Speaker 4: to fifteen over sitting, and usually when we get these
• 2:30
  Speaker 4: weekend pushes, everybody looks for it to just you know,
• 2:33
  Speaker 4: the Sunday pumps equal Monday dumps.
• 2:35
  Speaker 3: Is kind of a little joke that everybody goes to.
• 2:37
  Speaker 4: Or now we have a CME futures gap that's back
• 2:40
  Speaker 4: down around that one hundred and ten where we close
• 2:42
  Speaker 4: on Friday, so many will anticipate that we will just
• 2:45
  Speaker 4: basically roll over and come back down. For that, I'm
• 2:49
  Speaker 4: more so leaning into the opposite. We came and did
• 2:52
  Speaker 4: something here pretty much what you want to see for
• 2:55
  Speaker 4: more upside on bitcoin, and you'll see that I only
• 2:57
  Speaker 4: got a couple levels here marked off, one of which
• 2:59
  Speaker 4: is this month's monthly open, which is also Q four
• 3:03
  Speaker 4: quarterly Open as well. So that's our big big line
• 3:06
  Speaker 4: in the sand for any more upside here on bitcoin.
• 3:08
  Speaker 4: You could see how we ran right into it. This
• 3:10
  Speaker 4: was last Monday or Tuesday, I think, when everybody was
• 3:12
  Speaker 4: looking at the idea that gold was getting a pullback
• 3:15
  Speaker 4: and bitcoin everything was rotating in a bitcoin and then
• 3:17
  Speaker 4: just kind of gave it right back up. But all
• 3:19
  Speaker 4: we did was we retested that level and then now
• 3:21
  Speaker 4: we pushed through and are living above it daily, closed
• 3:24
  Speaker 4: above it yesterday, weekly close above it. So as long
• 3:26
  Speaker 4: as we're sitting above one fourteen, I fully imagine we're
• 3:30
  Speaker 4: going to make a jount up to one hundred and
• 3:32
  Speaker 4: twenty thousand dollars for bitcoin. And that is now that
• 3:35
  Speaker 4: I'm looking at some of the news catalysts who just
• 3:37
  Speaker 4: kind of brought up for this week pretty much in
• 3:40
  Speaker 4: line with a nice bullish move. Depending on what happens
• 3:42
  Speaker 4: with the FED rates, depending on what happens with some
• 3:44
  Speaker 4: of the earnings reports this week, there's probably going to
• 3:47
  Speaker 4: be major volatility across the board with it. But overall,
• 3:50
  Speaker 4: I think that again holding one fourteen for bitcoin pushes
• 3:53
  Speaker 4: us up to the one twenty mark again well.
• 3:55
  Speaker 2: And with these all time highs at the S and P,
• 3:57
  Speaker 2: and we continue to see these big numbers coming in
• 4:00
  Speaker 2: on the possibly on the earning numbers that could open
• 4:03
  Speaker 2: up some things in terms of people taking profit rotating
• 4:06
  Speaker 2: into some risk assets.
• 4:07
  Speaker 1: So does kind of.
• 4:08
  Speaker 2: Queue into you, Paul, when you know we've had you
• 4:11
  Speaker 2: on the show, you've kind of had a position here
• 4:14
  Speaker 2: that this is an elongated cycle and that we could
• 4:17
  Speaker 2: push outside of the boundary of what we've seen before
• 4:20
  Speaker 2: on post having years being that all time high window.
• 4:25
  Speaker 2: We are now going into Super Bowl season, which is
• 4:29
  Speaker 2: November first through the end of the end of the year.
• 4:33
  Speaker 2: For a lot of these digital assets. This is what's
• 4:35
  Speaker 2: going to make or break it. If we move on
• 4:38
  Speaker 2: into the all time high, let's say in late November,
• 4:42
  Speaker 2: like we have done in the past, and we see that,
• 4:46
  Speaker 2: would you be concerned if bitcoin ran up to say,
• 4:49
  Speaker 2: an all time high around one point thirty and then
• 4:52
  Speaker 2: retraced toward you know, let's say twenty thirty percent in December,
• 4:57
  Speaker 2: would you say that's the end of this particular bull run.
• 5:02
  Speaker 4: Yeah, that would be concerning to see something along those lines.
• 5:05
  Speaker 4: That's pretty much what we just saw here at the
• 5:08
  Speaker 4: one twenty six high, right where we had our high
• 5:10
  Speaker 4: from a couple of months back. You ran up and
• 5:12
  Speaker 4: you effectively had a little fake out of here, and
• 5:14
  Speaker 4: then you get this huge dump, so to see that
• 5:17
  Speaker 4: along that timeframe, yeah, I would say that we're probably
• 5:20
  Speaker 4: in a position where we are going to see a
• 5:22
  Speaker 4: sizable correction come out of that. The thing that for me,
• 5:26
  Speaker 4: when we're talking on an elongated cycle anything, I'm not
• 5:28
  Speaker 4: pulling that off of what most are, which I know,
• 5:31
  Speaker 4: like Ralph Paul and a couple others, are looking at
• 5:33
  Speaker 4: the business cycles that run into where the first time
• 5:37
  Speaker 4: that the you know, that fiscal year essentially is going
• 5:40
  Speaker 4: to be resetting or ending in twenty twenty six, which
• 5:43
  Speaker 4: is a five year if I'm not mistaken. But anyways,
• 5:46
  Speaker 4: for me, I'm looking at this in the sense of
• 5:48
  Speaker 4: the twenty year cycle alongside the housing market and economic cycle,
• 5:52
  Speaker 4: which we've covered here once or twice in the past,
• 5:55
  Speaker 4: but that leads everything up until twenty twenty seven, twenty
• 5:58
  Speaker 4: twenty eight. It also in line with all the stock
• 6:01
  Speaker 4: market and everything like that running up. But with that
• 6:03
  Speaker 4: being said, Paul, I actually see bitcoin not necessarily making
• 6:06
  Speaker 4: a high here in this short term right. And one
• 6:09
  Speaker 4: of the things that when we came up to one
• 6:10
  Speaker 4: twenty six again a couple of weeks back, when we
• 6:14
  Speaker 4: were looking at this on the week of the twenty ninth,
• 6:17
  Speaker 4: which is also when everybody was looking at the four
• 6:20
  Speaker 4: year cycle to kind of be potentially ending. The October
• 6:23
  Speaker 4: sixth date was going around pretty heavily, and then for me,
• 6:27
  Speaker 4: I was looking at this one setup that took us
• 6:29
  Speaker 4: into this.
• 6:29
  Speaker 3: Region around the week of twenty ninth. Whatever.
• 6:31
  Speaker 4: It's a bear setup, pretty lengthy. The first target of
• 6:35
  Speaker 4: this pullback was actually here at one oh six, which
• 6:38
  Speaker 4: you could see here on a weekly timeframe. We've been
• 6:40
  Speaker 4: holding that really well. The secondary one comes down to
• 6:42
  Speaker 4: this region here, and one of which is a high
• 6:46
  Speaker 4: time frame average, so much like a fifty day to
• 6:48
  Speaker 4: two hundred day what have you. This does not move though.
• 6:51
  Speaker 4: This is very much set in stone at this level.
• 6:53
  Speaker 4: So a mean reversion. So you know, we see those
• 6:55
  Speaker 4: snapbacks happen a lot of times. It's still something I'm
• 6:58
  Speaker 4: really more in with here for bitcoin down to that
• 7:02
  Speaker 4: ninety seven thousand towards the end of the year. Again,
• 7:04
  Speaker 4: I know that's not super attractive with everybody in the
• 7:08
  Speaker 4: shorter term here that maybe looking for this to really
• 7:10
  Speaker 4: get amped up, but I do see that as just
• 7:13
  Speaker 4: nothing more than.
• 7:14
  Speaker 3: A range opportunity that came up.
• 7:16
  Speaker 4: We topped at that one twenty six, just showcasing the
• 7:19
  Speaker 4: range that I'm looking at right now so that it
• 7:20
  Speaker 4: makes a little bit more sense here.
• 7:22
  Speaker 3: But this is the overall range we've been trading in
• 7:23
  Speaker 3: for bitcoin.
• 7:24
  Speaker 4: This is also why I look to that one twenty
• 7:26
  Speaker 4: area pretty heavily, because it would just be a pushback
• 7:29
  Speaker 4: to the overall high side.
• 7:30
  Speaker 3: You can see it's around one twenty one ish.
• 7:32
  Speaker 4: And then if we get a rejection from here though, Paul,
• 7:34
  Speaker 4: ninety seven is what I actually envisioned that we come
• 7:37
  Speaker 4: down to, and overall, still looking for that to be
• 7:40
  Speaker 4: an area where we could see a move back up
• 7:43
  Speaker 4: to all time highs as we branch into twenty twenty six,
• 7:46
  Speaker 4: I guess, which would allude to an elongated season at.
• 7:49
  Speaker 3: That point in all along, well, you know bowl run
• 7:51
  Speaker 3: at that point, I.
• 7:52
  Speaker 2: Can assure you I hit if we hit under, if
• 7:54
  Speaker 2: we go on our hundred k, that is going to
• 7:57
  Speaker 2: have everybody running for the hills, you know, because that
• 8:00
  Speaker 2: would indicate that a lot of people have kind of
• 8:03
  Speaker 2: maybe lost face. That could be the perfect setup for
• 8:06
  Speaker 2: a bounce up to the right. Some things that could
• 8:09
  Speaker 2: play into this. You've got, of course, the new treasury
• 8:13
  Speaker 2: kind of treasure of the Secretary Treasury saying that we
• 8:17
  Speaker 2: could have a new FED. This is early as May
• 8:20
  Speaker 2: will most likely one of the guys that is up
• 8:23
  Speaker 2: for that, of course, is Chair Waller. I'm not completely
• 8:26
  Speaker 2: or fed Governor Waller. I'm not completely sure that he
• 8:30
  Speaker 2: is the perfect guy for this. In fact, I think
• 8:32
  Speaker 2: it might be bad for crypto in general. With that
• 8:34
  Speaker 2: being said, a couple other things to point out. Obviously,
• 8:38
  Speaker 2: we're seeing an up move here for October, which is
• 8:41
  Speaker 2: again has shown some bullish segments in the past. And
• 8:47
  Speaker 2: then of course the issue with the US and China,
• 8:49
  Speaker 2: which also so I'm kind of thinking that you might
• 8:51
  Speaker 2: be right in the sense that we're setting up for
• 8:53
  Speaker 2: a nice little run to say one twenty where all
• 8:57
  Speaker 2: this comes but standard Charter came in and said, no way,
• 9:01
  Speaker 2: this is coming down under one hundred k again if
• 9:04
  Speaker 2: this week goes well. So these are the things that
• 9:07
  Speaker 2: would have to really trigger to have a good week
• 9:09
  Speaker 2: and not see that one at our K.
• 9:12
  Speaker 4: Well, we all know what happens when people say there's
• 9:14
  Speaker 4: no way this will ever happen, right, But yeah, and
• 9:17
  Speaker 4: of course you know that could not play out. But
• 9:20
  Speaker 4: at the moment, like all the way up until we
• 9:22
  Speaker 4: met that twenty six, which again I was targeting a
• 9:24
  Speaker 4: little higher at the time. That has always kind of
• 9:27
  Speaker 4: been my idea that we would see a range occur
• 9:29
  Speaker 4: again out of bigcoin at these levels, much like we've
• 9:31
  Speaker 4: seen the entire bowl run the thirty thousand dollars range,
• 9:34
  Speaker 4: the sixty or the seventy thousand dollars range last year
• 9:37
  Speaker 4: again this year at one hundred to seventy and then
• 9:39
  Speaker 4: now here. So yeah, and to your point where you
• 9:43
  Speaker 4: were stating that we have the last chart that showed
• 9:46
  Speaker 4: how October we just turned green again, Uh, it's the
• 9:49
  Speaker 4: last week of October here, obviously, So even if we've
• 9:51
  Speaker 4: fulfilled this week and everything is green and bullish as
• 9:54
  Speaker 4: we walk into November, I'm not necessarily looking at things
• 9:57
  Speaker 4: in the sense of like an October and November.
• 9:58
  Speaker 3: It's just the coming weeks here now.
• 10:00
  Speaker 4: But I do see Bitcoin pushing up to that one
• 10:02
  Speaker 4: twenty mark as long as we're above one fourteen, if
• 10:04
  Speaker 4: we have great news around that, and if we end
• 10:06
  Speaker 4: the month all positive, we walk into November, like you said,
• 10:08
  Speaker 4: it kind of opens up a little bit of I
• 10:10
  Speaker 4: don't want to say a trap, but it just it's
• 10:12
  Speaker 4: just a time period where if we get a rejection
• 10:14
  Speaker 4: at those levels, it would catch a lot of people
• 10:15
  Speaker 4: off guards because I'm sure we'll be really excited about
• 10:18
  Speaker 4: going into Moonvember and whatever December is getting new name is.
• 10:23
  Speaker 4: But yeah, it's it's it's good. It's a good setup,
• 10:26
  Speaker 4: I think. But yeah, I'll be again, we'll keeping up
• 10:29
  Speaker 4: to date on it. But that's that's so far. That's
• 10:31
  Speaker 4: what I got in mind. We're going to get into
• 10:33
  Speaker 4: ethereum and stuff, I'm sure, but yeah, we're a little
• 10:35
  Speaker 4: bit different on ethereum there.
• 10:37
  Speaker 2: But okay, so we're going to talk about that. And
• 10:39
  Speaker 2: before I jump into that, because this still kind of
• 10:41
  Speaker 2: gives we're trying to set this up in the sense
• 10:45
  Speaker 2: of what do you guys have to be on the
• 10:47
  Speaker 2: lookout for. How many of you guys are are wondering
• 10:50
  Speaker 2: is there any catalyst that can really cause market turmoil.
• 10:53
  Speaker 2: One of the things that we continue to see with
• 10:56
  Speaker 2: China is this whole issue with soybeans. I know, that's
• 10:59
  Speaker 2: kind of weird. People are saying that. Let me play
• 11:01
  Speaker 2: this clip and then maybe you'll understand a little bit.
• 11:04
  Speaker 1: Let's go to that.
• 11:04
  Speaker 5: It's not one are you concerned about the president giving
• 11:09
  Speaker 5: up trade controls when it comes to our tech.
• 11:14
  Speaker 3: This is an excellent question.
• 11:16
  Speaker 6: Look, this is exactly where many people like me and
• 11:18
  Speaker 6: DC said, and I've said time and time again, we
• 11:21
  Speaker 6: want to help our farmers without question, but soybeans for
• 11:25
  Speaker 6: Simnys is not a win for the United.
• 11:28
  Speaker 3: States as a whole. So I hope that we're not.
• 11:31
  Speaker 6: Going to trade soybean relief for advanced semiconductor chips, but
• 11:36
  Speaker 6: I still.
• 11:37
  Speaker 3: Need to see what we agree to.
• 11:39
  Speaker 6: That's why the details are so important here to see
• 11:42
  Speaker 6: what the US agreed to give up, and soybeans for
• 11:46
  Speaker 6: Simeys is not a win in my view, all.
• 11:49
  Speaker 2: Right, So what he's getting out here is that even
• 11:52
  Speaker 2: though we might get positive news out of the deal
• 11:54
  Speaker 2: with she is that we may end up losing in reality.
• 11:59
  Speaker 2: So this is going to be one that everybody's gonna
• 12:01
  Speaker 2: have to kind of keep a real close eye on
• 12:03
  Speaker 2: because it's going to be the nuance in the deals
• 12:06
  Speaker 2: that come out with China. And a lot of this,
• 12:08
  Speaker 2: of course, still kind of backs up to a lot
• 12:10
  Speaker 2: of the deals that Trump has been making around rare
• 12:12
  Speaker 2: Earth's He's been going around the world basically trying to
• 12:15
  Speaker 2: back that up. So he can put more pressure on China.
• 12:18
  Speaker 2: That seems to be in play right now. But at
• 12:22
  Speaker 2: the same time, you've got gold coming into this. You
• 12:24
  Speaker 2: got Peter Shiff saying, hey, gold is down again, investors
• 12:27
  Speaker 2: react to news of trade deal.
• 12:29
  Speaker 1: This is what we're talking about with China.
• 12:31
  Speaker 2: That will move as closer to where we were before
• 12:33
  Speaker 2: Trump escalated the war. But the deal will do nothing
• 12:36
  Speaker 2: about soaring budgets, deficits, rate cuts, et cetera, inflation, and
• 12:40
  Speaker 2: the continuation of dedollarization, meaning gold will continue to rise,
• 12:44
  Speaker 2: so would bitcoin in this particular case. But the one
• 12:46
  Speaker 2: I'm looking at is ethereum. How will ethereum play into this?
• 12:51
  Speaker 2: So you've got Bitcoin reacting to all these macro pressure points.
• 12:56
  Speaker 2: But what about eth, especially with things like like what
• 13:01
  Speaker 2: we're seeing around the S and P five hundred.
• 13:05
  Speaker 4: Yeah, in today's update, I was looking at with eth specifically.
• 13:09
  Speaker 4: Oh yeah, that's actually a really good I saw that
• 13:11
  Speaker 4: earlier today too, where it's like looking like Bitcoin and Ether.
• 13:14
  Speaker 3: Are about to take off right head for the head
• 13:16
  Speaker 3: for the races. Yeah, and let's take a look at
• 13:20
  Speaker 3: eth here.
• 13:23
  Speaker 4: So I can't remember if we were talking about this
• 13:26
  Speaker 4: little you know, symmetric triangle here last week, but generally
• 13:29
  Speaker 4: on eth even though we've had this little pullback with
• 13:32
  Speaker 4: that liquidation event, I think that Ethereum has been pretty
• 13:34
  Speaker 4: resilient of the of the all coins as far as
• 13:37
  Speaker 4: some of the moves that we've seen, especially back on
• 13:39
  Speaker 4: October tenth, I mean, we did get a thirty percent pullback,
• 13:42
  Speaker 4: but you know, of course we had a over two
• 13:44
  Speaker 4: hundred and fifty percent rally to the upside from there.
• 13:47
  Speaker 4: We were kind of consolidating here, and I was pointing
• 13:49
  Speaker 4: out that a lot of times this breaks down, a
• 13:51
  Speaker 4: lot of people would be looking at this pretty parishly,
• 13:53
  Speaker 4: and just a week ago even we were in extreme
• 13:56
  Speaker 4: fear in crypto, right and for me, I was looking
• 13:59
  Speaker 4: for this to either be a fake out if we
• 14:00
  Speaker 4: did that, or in general to get a pushback up
• 14:02
  Speaker 4: to the upside, and that as long as Ethereum is
• 14:05
  Speaker 4: holding above that, I mean, it's a long ways away
• 14:09
  Speaker 4: from where we are now, but where we came down
• 14:11
  Speaker 4: and smacked, which was this year's open and at the
• 14:14
  Speaker 4: time this was an untapped average, so similar to what
• 14:16
  Speaker 4: Bitcoin is at ninety seven thousand. When I'm talking on these,
• 14:19
  Speaker 4: you know mean reversions where the price comes back to
• 14:21
  Speaker 4: these you know averages. This was very This is the
• 14:23
  Speaker 4: exact same thing to happen to ethereum right here. This
• 14:25
  Speaker 4: was an untapped average.
• 14:26
  Speaker 3: At the time.
• 14:27
  Speaker 4: But either way, as longer on above this, we're ranging
• 14:29
  Speaker 4: in this region. For me, I actually anticipate ethereum to
• 14:32
  Speaker 4: make another move higher, even with Bitcoin potentially in our
• 14:35
  Speaker 4: range for the rest of this year. Maybe if we
• 14:37
  Speaker 4: were walking on next year, but I still target brand
• 14:40
  Speaker 4: new all time highs on ethereum, and I think we're
• 14:43
  Speaker 4: just coiling up, especially being just kind of so you know,
• 14:46
  Speaker 4: pressured right under those regions. This is not a huge
• 14:49
  Speaker 4: move from where we are now, just to get back
• 14:51
  Speaker 4: to the highs fifteen percent, you know, twenty of to
• 14:53
  Speaker 4: this little region. But yeah, I think ethereum is poised
• 14:56
  Speaker 4: for a break higher. And even though I've just got
• 14:58
  Speaker 4: this small box here, I think that we could see
• 15:01
  Speaker 4: really up and towards the six and seven thousand dollars region,
• 15:04
  Speaker 4: maybe this year, but okay, in the coming here months.
• 15:07
  Speaker 4: That's been my target for eth for quite a while.
• 15:10
  Speaker 2: Yeah, and looking at the retrace on fear and greed,
• 15:13
  Speaker 2: I'm going to zoom in really tightly. This right here
• 15:16
  Speaker 2: was just a few days ago on the seventeenth.
• 15:19
  Speaker 3: Few days and we were setting it twenty five bitcoin.
• 15:22
  Speaker 1: Yeah, look at that, that's crazy.
• 15:24
  Speaker 2: And then the move has been so hard and actually
• 15:27
  Speaker 2: has come back into the neutral zone, which is an important,
• 15:30
  Speaker 2: I think overall sentiment that has to be played out.
• 15:33
  Speaker 2: And if you're right, then eth could be the you know,
• 15:38
  Speaker 2: the beneficiary of a lot of this going forward. Of course,
• 15:41
  Speaker 2: you got this also playing into it, which is bitmin
• 15:44
  Speaker 2: and Tom Lee Ethereum's holdings now surpassing three point three million.
• 15:48
  Speaker 2: This is another seventy seven thousand ethan a purchase. He
• 15:52
  Speaker 2: owns right now two point seven percent of eath circulating supply.
• 15:56
  Speaker 1: Isn't that insane?
• 15:58
  Speaker 2: One company that's two point seven percent. I mean it's like,
• 16:03
  Speaker 2: I don't know if you ever remember Chimuth Pollyopatia he
• 16:06
  Speaker 2: had I think it was almost five percent of bitcoins
• 16:10
  Speaker 2: supply at the time and sold it.
• 16:13
  Speaker 1: I don't know if you saw that. That was a
• 16:15
  Speaker 1: crazy I didn't.
• 16:16
  Speaker 3: Yeah, what did he sell it? Was it? I mean,
• 16:18
  Speaker 3: I don't.
• 16:19
  Speaker 2: Remember the story, but he of course he yeah, of
• 16:22
  Speaker 2: course he's kicking himself for that one. The other thing, Yeah,
• 16:26
  Speaker 2: the other thing is where's the price going to hit
• 16:28
  Speaker 2: in twenty twenty five? Right now, the target zone is
• 16:31
  Speaker 2: in this five to six range. You're saying that we
• 16:35
  Speaker 2: might see that seven K range. That's an interesting point.
• 16:38
  Speaker 2: We're showing polymarket right now for you guys on the
• 16:40
  Speaker 2: audio side.
• 16:41
  Speaker 1: But that's a pretty concentrated zone.
• 16:45
  Speaker 3: Yeah. Is that for the end of this year or
• 16:47
  Speaker 3: twenty twenty six?
• 16:49
  Speaker 2: Yeah, this year, twenty twenty five, this year?
• 16:52
  Speaker 3: Okay?
• 16:53
  Speaker 2: Yeah, and then okay, so you you were pointing at
• 16:55
  Speaker 2: the fifty two hundred.
• 16:56
  Speaker 1: But you said you did? Did I get you right?
• 16:59
  Speaker 2: Is you said that you thought we could see a
• 17:01
  Speaker 2: seven thousand on the outside.
• 17:03
  Speaker 4: Yeah, this is that smaller area is just what I've
• 17:06
  Speaker 4: been looking for a little bit more locally. I'll showcase
• 17:08
  Speaker 4: where I'm looking at and even with a timeframe on there,
• 17:11
  Speaker 4: so you can hold my feet to the fire depending
• 17:13
  Speaker 4: on how we do here. But so as long as
• 17:16
  Speaker 4: we're holding again above that thirty five hundred dollars area. Again,
• 17:19
  Speaker 4: multiple reasons why this is the three eight to two
• 17:21
  Speaker 4: of this overall run up here yearly open all these
• 17:25
  Speaker 4: things that kind of emerge right here, targeting up into
• 17:29
  Speaker 4: this area which is fifty eight hundred or I guess
• 17:31
  Speaker 4: fifty six to seven thousand with really my eyes are
• 17:35
  Speaker 4: leaning more towards a seven thousand dollars mark. But yeah,
• 17:38
  Speaker 4: between November and January, so it might be just enough
• 17:42
  Speaker 4: to push everybody out of their bets on that polymarket
• 17:45
  Speaker 4: or whatever that was the showcase if it's not right
• 17:47
  Speaker 4: in twenty twenty five. But yeah, the five thousand I
• 17:50
  Speaker 4: think is something that we could definitely see. It's in
• 17:53
  Speaker 4: line with the old Moonvember, you know idea there. And
• 17:57
  Speaker 4: then yeah, seven thousand is a big one. Not overly
• 18:01
  Speaker 4: you know, staking my family's name on it, but this
• 18:04
  Speaker 4: is what I'm looking for and targeting to that aside.
• 18:08
  Speaker 2: You got some other things kind of are in eats
• 18:11
  Speaker 2: corner right here is Japan is launching their first yen
• 18:15
  Speaker 2: peg stable coin. This is going to be driven with
• 18:18
  Speaker 2: initial deployment on Ethereum and Avalanche and also Polygon, so
• 18:22
  Speaker 2: those all those chains could do well. Granted, Japan one
• 18:27
  Speaker 2: of many countries that are starting to go in this direction.
• 18:30
  Speaker 1: The other thing you got to look at is payment apps.
• 18:33
  Speaker 2: Polygons still pretty much the king of the hill when
• 18:36
  Speaker 2: it comes to micropayments, even though you know the x
• 18:40
  Speaker 2: UR two issue that happened over the weekend that could
• 18:43
  Speaker 2: change things dramatically. If you look at the Polygon chart
• 18:46
  Speaker 2: right now, we looked at this last week. Is there
• 18:49
  Speaker 2: any indicator here that Polygon might come off the floor.
• 18:55
  Speaker 3: That is the question.
• 18:57
  Speaker 4: If I'm looking correctly here, I've got twenty for Polygon
• 19:01
  Speaker 4: right and like you said, it's pretty much just on
• 19:03
  Speaker 4: the floor from where we've seen it. Where were we
• 19:06
  Speaker 4: at in Oh, this is December twenty four, so this
• 19:08
  Speaker 4: has not got all the information here going back to
• 19:10
  Speaker 4: like twenty twenty one. I'm pretty sure they did a
• 19:12
  Speaker 4: couple of name changes and stuff since then. But yeah,
• 19:15
  Speaker 4: I mean you're trading here at the as you stated,
• 19:18
  Speaker 4: at the floor with one of the things that we
• 19:20
  Speaker 4: see many times right where we just had that liquidation day.
• 19:24
  Speaker 4: It doesn't look like it necessarily took all the lows
• 19:27
  Speaker 4: here on this chart, at least again this is coinbase,
• 19:29
  Speaker 4: but I'm sure it did on most other exchanges.
• 19:32
  Speaker 3: So what that happened?
• 19:33
  Speaker 4: You know, we all know that that scene pretty often
• 19:36
  Speaker 4: where you come down and you sweep the low and
• 19:38
  Speaker 4: you go, or you take the high and you die.
• 19:40
  Speaker 4: So you've definitely, you know, set the floor and set
• 19:43
  Speaker 4: the stage here for a move higher as far as
• 19:44
  Speaker 4: liquidity would go on top of it being overall at
• 19:47
  Speaker 4: the lows here.
• 19:48
  Speaker 3: One thing I always will look for.
• 19:50
  Speaker 4: Again, this might not be the overall high, but let's
• 19:52
  Speaker 4: just take it for what it's worth. Here, just a
• 19:54
  Speaker 4: retrace to the three eight two, which is something that
• 19:57
  Speaker 4: we see time and time again. Just very healthy. I
• 19:59
  Speaker 4: mean that's like a one hundred percent move from where
• 20:01
  Speaker 4: we are now. I would say that this is definitely
• 20:04
  Speaker 4: something I would put on my radar because I like
• 20:06
  Speaker 4: to diversify onto things when you do have these opportunities
• 20:09
  Speaker 4: when they are at the lows. Again, everything's got the
• 20:11
  Speaker 4: risk of it not really catching momentum. But if I'm
• 20:13
  Speaker 4: looking for something that hasn't popped, yeah, this is this
• 20:16
  Speaker 4: is a good looking one way that at least I'd
• 20:18
  Speaker 4: say a potential for one hundred percent moved to those
• 20:21
  Speaker 4: to those levels there and then of course reevaluate and
• 20:24
  Speaker 4: see what more we can get out of it.
• 20:26
  Speaker 2: Yeah, I think if you look at what Tom Lee
• 20:28
  Speaker 2: has done, because remember polyodd being kind of a hedge
• 20:32
  Speaker 2: on eth s and l two. But when you look
• 20:35
  Speaker 2: at what Tom Lee has talked about, very aggressive on Eth,
• 20:39
  Speaker 2: and then he said that Eith would never see these lows,
• 20:42
  Speaker 2: and of course we saw Eth hit lows that were
• 20:46
  Speaker 2: well outside their range or what they were looking at.
• 20:48
  Speaker 2: But he's also the guy who called for a two
• 20:50
  Speaker 2: hundred k bitcoin. So let me go to that clip
• 20:54
  Speaker 2: right here, because that kind of changes our narrative around
• 20:58
  Speaker 2: what Lee's predictions have been.
• 21:00
  Speaker 5: Take a look, yeah, I mean we have a lot
• 21:02
  Speaker 5: of time. We have ten weeks. As you know, Bitcoin
• 21:06
  Speaker 5: makes its move in ten days a year, So are
• 21:08
  Speaker 5: Bitcoin's best days in the fourth quarter, Probably because we
• 21:13
  Speaker 5: have catalysts, the FEDS easing, we have shut down that's
• 21:17
  Speaker 5: been risk off. We have China US tensions that look
• 21:20
  Speaker 5: every time there's a headline on China, like, bitcoin takes
• 21:23
  Speaker 5: a gut punch, right because it is money flows and deleveraging,
• 21:27
  Speaker 5: so that goes away. We have seasonality that favors stocks
• 21:31
  Speaker 5: moving up, stocks moving helps bitcoins. So to me, the
• 21:35
  Speaker 5: chances of Bitcoin having a huge fourth quarter are really high,
• 21:39
  Speaker 5: and not all of these would be tailwins for goals,
• 21:41
  Speaker 5: so I you know, I wouldn't count. I still think
• 21:44
  Speaker 5: it's possible Bitcoin to hit two hundred thousand by the
• 21:46
  Speaker 5: end of the year, so.
• 21:49
  Speaker 2: He's going all in there. I mean that's a pretty
• 21:51
  Speaker 2: aggressive statement. Obviously we've seen this big numbers on ether,
• 21:56
  Speaker 2: but at the same time you've got to look at
• 21:58
  Speaker 2: the rest of the market. One of the things that
• 22:00
  Speaker 2: happen over the weekend was X four O two and
• 22:03
  Speaker 2: this is a payment protocol. This is going to basically
• 22:07
  Speaker 2: simplify and standardize payments for AI agents.
• 22:10
  Speaker 1: Is the idea.
• 22:11
  Speaker 2: Traditional payment rails are slow. Obviously you kind of have
• 22:14
  Speaker 2: the problem in chargebacks, et cetera. But x ro O
• 22:17
  Speaker 2: two is going to enable AI agents and this API
• 22:20
  Speaker 2: to essentially use stable coins. So right now we're talking
• 22:23
  Speaker 2: about USDC that's going to play into this. This will
• 22:26
  Speaker 2: have some derivatives on both Solana and a handful of
• 22:31
  Speaker 2: other projects out there. I want to stay on Solana
• 22:34
  Speaker 2: for a second in the sense that this could be
• 22:37
  Speaker 2: one of the winners. When you look at Solana right now,
• 22:42
  Speaker 2: coming back above two hundred bucks seems to be on
• 22:46
  Speaker 2: a good move right now. What is your position towards
• 22:48
  Speaker 2: the end of the year.
• 22:51
  Speaker 4: Glad you asked Paul, so Solana two has been one.
• 22:56
  Speaker 4: I think we go back and forth on pretty much
• 22:58
  Speaker 4: every week, and I love to do it, because this
• 23:00
  Speaker 4: is one that I think has a really big push
• 23:03
  Speaker 4: to be had still and what you're seeing here, I've
• 23:06
  Speaker 4: just highlighted this several times already, but this was a
• 23:08
  Speaker 4: very bullish, major reversal setup that we basically completed back
• 23:13
  Speaker 4: in April around those Tara flows right into a major
• 23:16
  Speaker 4: volume target and also right below a big psychological number,
• 23:20
  Speaker 4: the one hundred. Right that we came down, we broke
• 23:22
  Speaker 4: one hundred dollars, just similar to how we were just
• 23:24
  Speaker 4: describing about bitcoin. Right if we were come down and
• 23:26
  Speaker 4: break one hundred K, everybody gets really panicked. Panic was
• 23:29
  Speaker 4: big here around the news as it was, and then
• 23:31
  Speaker 4: price obviously declined pretty hard. But this was a really
• 23:34
  Speaker 4: big setup that has three major targets that I've highlighted
• 23:39
  Speaker 4: just pretty easily here. We made we ran up to
• 23:42
  Speaker 4: the first one back in July and has kind of
• 23:44
  Speaker 4: been coasting ever since and has really just been gravitating
• 23:48
  Speaker 4: towards it. It's one hundred and ninety six dollars, So
• 23:50
  Speaker 4: obviously we've you know, kind of had a little above,
• 23:52
  Speaker 4: kind of had a little below, but really that's the
• 23:54
  Speaker 4: line in the sand for me, and as long as
• 23:56
  Speaker 4: we are above now again this going to daily candles,
• 23:59
  Speaker 4: which is what you.
• 23:59
  Speaker 3: Want to say.
• 24:00
  Speaker 4: As long as we're above one ninety six, I fully
• 24:02
  Speaker 4: imagine we're going to make a probably a quick move
• 24:05
  Speaker 4: to some of these ets. Whenever this does get going,
• 24:07
  Speaker 4: it's probably going to be one of those God candle looks.
• 24:09
  Speaker 3: Granted, it's not a huge move.
• 24:10
  Speaker 4: Don't get don't take it, you know, actually it is.
• 24:12
  Speaker 4: Thirty to sixty percent would be a sizeable move if
• 24:15
  Speaker 4: we see it. But two seventy four and three twenty
• 24:17
  Speaker 4: three remain my end of the year targets for Solana
• 24:20
  Speaker 4: for this year.
• 24:22
  Speaker 2: I like that the interesting that you're gone. You're going
• 24:25
  Speaker 2: at the two seventy four. This has been a range
• 24:27
  Speaker 2: that Solana has been able to get to in the past,
• 24:30
  Speaker 2: are close to, and I think the key is is
• 24:33
  Speaker 2: a lot of catalysts that kind of flow into this,
• 24:35
  Speaker 2: and of course, if we see more activity on micro
• 24:38
  Speaker 2: payments and things of that nature, Soul is going to
• 24:41
  Speaker 2: be a big winner. From that last point, I want
• 24:45
  Speaker 2: to get to. Obviously, some of the winners over the
• 24:48
  Speaker 2: weekend because of the X four h two one of
• 24:49
  Speaker 2: course was virtuals, but there was a handful of tokens
• 24:53
  Speaker 2: that just went nuts. If you look at Virtuals right now,
• 24:58
  Speaker 2: what would you say on this one? Is this one
• 25:01
  Speaker 2: that you like to continue or do you feel like
• 25:03
  Speaker 2: it's going to be a short lived run.
• 25:06
  Speaker 4: I just update that really quick. Let's take a look.
• 25:11
  Speaker 4: So Virtuals is a new project that you're well aware
• 25:16
  Speaker 4: of and a little bit of a higher risk, even
• 25:19
  Speaker 4: though it's not necessarily like a small cap. I'm pretty
• 25:21
  Speaker 4: sure this is at least in the billions at least.
• 25:22
  Speaker 4: Maybe back to it now. But this chart I have
• 25:25
  Speaker 4: set up here is very interesting. I was just saying
• 25:27
  Speaker 4: I need to update it a little bit because this
• 25:29
  Speaker 4: box just kind of shifted down with that huge wick.
• 25:31
  Speaker 4: But when we shot up to these areas earlier this year,
• 25:34
  Speaker 4: this was the zone that I was. Again, I didn't
• 25:37
  Speaker 4: know it's going to come back to this, But when
• 25:39
  Speaker 4: I'm building out my trading plan or strategy or looking
• 25:41
  Speaker 4: for a place to put some stink bids, I guess
• 25:43
  Speaker 4: you could call it right where just if you get
• 25:45
  Speaker 4: these crazy moves, this is where the price could go
• 25:47
  Speaker 4: and why it was in this region right here down
• 25:50
  Speaker 4: to and this is a big box, you know, I
• 25:51
  Speaker 4: know that it's like fifty sixty percent but with a
• 25:54
  Speaker 4: smaller coin, it's just like that. But anyways, we came
• 25:56
  Speaker 4: down and you took out all this on that move
• 25:59
  Speaker 4: down on the tenth and then as now, yes, like
• 26:01
  Speaker 4: you said, just completely ran back, which has been a
• 26:05
  Speaker 4: sizeable move which is four hundred almost five hundred percent,
• 26:08
  Speaker 4: but more importantly just from the weekend consolidation over one
• 26:11
  Speaker 4: hundred and thirty percent. To me, do I think this
• 26:13
  Speaker 4: has legs?
• 26:14
  Speaker 3: I do?
• 26:15
  Speaker 4: I think that we probably will actually make a move
• 26:17
  Speaker 4: up towards these areas above us back to the two
• 26:19
  Speaker 4: forty and into the four dollars range is just something
• 26:22
  Speaker 4: I'm looking to get freshly into right this moment. I
• 26:26
  Speaker 4: never am chasing something this green, right, You're always looking
• 26:28
  Speaker 4: for that pullback. And even if we just locally just
• 26:31
  Speaker 4: see a you know, back to one twenty eight, which
• 26:33
  Speaker 4: is a sizeable drop, which is twenty five percent basically
• 26:37
  Speaker 4: from where we are, or back down to the dollar mark,
• 26:39
  Speaker 4: that's probably where I'd be looking if I'm looking to
• 26:41
  Speaker 4: if I just have to get into virtuals for me, otherwise,
• 26:44
  Speaker 4: it was this bi zone, which again many people probably
• 26:46
  Speaker 4: wouldn't even have the opportunity because of that wick that day.
• 26:49
  Speaker 4: But ultimately, Yeah, I think that we're heading back towards
• 26:51
  Speaker 4: this two forty and four dollars mark, and virtuals is
• 26:56
  Speaker 4: one of the few things out there to me that
• 26:58
  Speaker 4: stands out because of the AIA agent narrative, which is
• 27:01
  Speaker 4: a very similar thing to the NFTs. And I think
• 27:04
  Speaker 4: that that is, even though it's kind of coming gone
• 27:05
  Speaker 4: a little bit, I could see it resurfacing really heavily,
• 27:08
  Speaker 4: pretty easily with just a you know, an announcement here
• 27:10
  Speaker 4: or there. So yeah, I think virtuals has legs. It
• 27:13
  Speaker 4: just wouldn't chase it right this minute.
• 27:15
  Speaker 1: Yeah, I think.
• 27:16
  Speaker 2: You know, obviously the tie int x four O two
• 27:19
  Speaker 2: is going to be this new payment protocol will be
• 27:21
  Speaker 2: a big deal for especially around AI agency key is
• 27:24
  Speaker 2: going to be use case the transaction you know, flow itself.
• 27:29
  Speaker 2: How many people you know, pick into this in terms
• 27:32
  Speaker 2: of trying to develop within this, in terms of launching
• 27:35
  Speaker 2: virtual AI agents and getting into you know, integrating some
• 27:40
  Speaker 2: sort of payment of structure. So I think a lot
• 27:42
  Speaker 2: of that still is.
• 27:44
  Speaker 1: Very very new.
• 27:44
  Speaker 2: And of course, as you guys know, if you're watching
• 27:47
  Speaker 2: most of this stuff in some of these markets that
• 27:50
  Speaker 2: move like that, a lot of these projects are a
• 27:53
  Speaker 2: little bit edgy and on the outside. Not many people
• 27:56
  Speaker 2: were probably anticipating that occurring. Only a handful of think
• 28:00
  Speaker 2: that are following it very closely, but the ones to
• 28:03
  Speaker 2: watch a course of the big caps, I think as
• 28:05
  Speaker 2: we start to see Ethereum Solana, a handful of others
• 28:09
  Speaker 2: play into this market right now, there could be some
• 28:11
  Speaker 2: big wins here. Hey, Paul, it's been good having you
• 28:14
  Speaker 2: on the show. For sure this week. We'll get you
• 28:17
  Speaker 2: guys back as November starts to come in because I
• 28:20
  Speaker 2: anticipate we're going to see some interesting days ahead as
• 28:25
  Speaker 2: both for Bitcoin, E, Solana, XRP, A lot of the
• 28:28
  Speaker 2: big boys I think are gonna get some movement. So
• 28:31
  Speaker 2: thanks for coming in. We appreciate it.
• 28:33
  Speaker 3: Sounds good, Paul.
• 28:34
  Speaker 4: I really appreciate you having me on, and I look
• 28:36
  Speaker 4: forward to seeing where we're at next month.
• 28:38
  Speaker 2: All Right, you guys, make sure and jump into the
• 28:40
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• 28:43
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• 28:45
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• 28:48
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• 28:51
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• 28:53
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• 29:00
  Speaker 4: M