Latest / The Paul Barron Crypto Show / Weekend Damage Report📉Crypto Technical Analysis with Evan Aldo

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Weekend Damage Report📉Crypto Technical Analysis with Evan Aldo · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's dive into the weekend damage report. We're going to
• 0:02
  Speaker 1: be covering this and a lot of not only crypto,
• 0:05
  Speaker 1: but we also will be charting as well.
• 0:06
  Speaker 2: Today.
• 0:07
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• 0:28
  Speaker 1: BTCC dot Com. I want to lead off and we're
• 0:31
  Speaker 1: going to have avon on here in a second. We're
• 0:32
  Speaker 1: going to get into the macro side of things first,
• 0:35
  Speaker 1: and then we will chart a handful of tokens in
• 0:38
  Speaker 1: cleaning bitcoin e Salona and some others that you guys
• 0:41
  Speaker 1: want to stick around for because there's some very interesting
• 0:43
  Speaker 1: moves right now. I want to play a clip for
• 0:45
  Speaker 1: you guys to lead this off. Here is Kramer talking
• 0:48
  Speaker 1: about the weekend war digestion.
• 0:50
  Speaker 3: Take a look Monday.
• 0:52
  Speaker 4: I expect were going to be digesting this weekend's war
• 0:54
  Speaker 4: damage and rent and everywhere else, especially our allies and
• 0:57
  Speaker 4: the gold. We keep expecting that to be a moment
• 1:00
  Speaker 4: when the Iranians have no more missiles and no more troups.
• 1:02
  Speaker 4: President keeps talking about the Iranian navy and aircraft being decimated,
• 1:06
  Speaker 4: but it's the endless drone and missile attacks that are
• 1:08
  Speaker 4: the problem. They don't need a navy or an air
• 1:11
  Speaker 4: force to shut down the street. Apparently, Sometimes it seems
• 1:13
  Speaker 4: like that Iran seems as strong as it was when
• 1:16
  Speaker 4: the war started. Even if you cut off the head
• 1:18
  Speaker 4: of the snake, it seems to mean nothing. That's why
• 1:21
  Speaker 4: this weekend could be so important. Maybe we get a
• 1:23
  Speaker 4: one way war for the President leashes the firepower he
• 1:26
  Speaker 4: said he would last night, and in this aftermath, the
• 1:28
  Speaker 4: US can dictate the terms. We definitely aren't there yet
• 1:30
  Speaker 4: that I know. Maybe we make very little progress. Let's
• 1:33
  Speaker 4: see what happens this weekend.
• 1:35
  Speaker 1: This has been a kind of just an absolute uh,
• 1:40
  Speaker 1: kind of just toss up around everything that has been
• 1:43
  Speaker 1: war related. First it was playing against the trade, then
• 1:46
  Speaker 1: it was playing pro the trade, and now I think
• 1:49
  Speaker 1: the erratic nature of what we're seeing out of the
• 1:51
  Speaker 1: White House has been just a continuous pause on almost
• 1:56
  Speaker 1: anybody in the market. If you look at the jobs
• 1:58
  Speaker 1: right now, we're also getting very erratic numbers coming in
• 2:02
  Speaker 1: on jobs. February now has been revised down from an
• 2:06
  Speaker 1: initially reported ninety two k and to total loss now
• 2:09
  Speaker 1: one hundred and thirty three, So another biggest US job
• 2:12
  Speaker 1: lost since December of twenty twenty. Jobs continue to be
• 2:15
  Speaker 1: a challenge, even though we've been seeing slight narratives coming out.
• 2:20
  Speaker 1: But again you're talking about data that's coming out of
• 2:23
  Speaker 1: the White House and out of the administration. You still
• 2:25
  Speaker 1: know what you can trust other things that are happening
• 2:28
  Speaker 1: right now. As a new budget is now looming, and
• 2:31
  Speaker 1: this blew me away when I saw the one point
• 2:33
  Speaker 1: five trillion just for military spending. This is an expansion,
• 2:37
  Speaker 1: I believe, from what the original budget was, and of
• 2:42
  Speaker 1: course the new ask of another two hundred bill so
• 2:45
  Speaker 1: apparently they're asking for another three hundred billion just getting
• 2:48
  Speaker 1: to the one point five trillion. If this is on
• 2:50
  Speaker 1: top of all that, then this would be absolutely unsustainable
• 2:54
  Speaker 1: in general, a lot of cuts that would have to
• 2:57
  Speaker 1: take place in a lot of programs that I think
• 2:59
  Speaker 1: Americans would be very very against. So these are the
• 3:03
  Speaker 1: kind of macro environments that are hitting the other thing
• 3:05
  Speaker 1: that's a macro environment that hits. And I think this
• 3:08
  Speaker 1: is where the line in the sand is for MAGA,
• 3:12
  Speaker 1: at least most of the MAGA people I've heard and
• 3:14
  Speaker 1: talk on Twitter about. Is that energy and gas? Is
• 3:18
  Speaker 1: it this? This is kind of the last point of
• 3:21
  Speaker 1: no return. If you look at Brent crude, even under Biden,
• 3:26
  Speaker 1: in comparison West Texas regular gass three thirteen, we're setting
• 3:30
  Speaker 1: at four oh nine now and it does not look
• 3:32
  Speaker 1: like it's slowing down right now. So it's very possible
• 3:34
  Speaker 1: that this could all be leaning up. I want to
• 3:37
  Speaker 1: bring in Evan Aldo to kind of jump into some
• 3:39
  Speaker 1: of this because this is going to get into a
• 3:41
  Speaker 1: lot of things around energy.
• 3:43
  Speaker 3: How are you, Evan, I'm living the dream, doing fantastic ball.
• 3:48
  Speaker 1: Well listen, Okay, So a couple of things right now.
• 3:52
  Speaker 1: When you look at the S and P and you
• 3:55
  Speaker 1: look at the amount of trace down that we have
• 3:57
  Speaker 1: seen on general stocks, including the text, and then you
• 4:01
  Speaker 1: look at movement within the energy market, where are you
• 4:04
  Speaker 1: playing any in any of the S and P five
• 4:06
  Speaker 1: hundred right now, whether it's energy defense or any of
• 4:09
  Speaker 1: the tech stuff.
• 4:11
  Speaker 3: I've been shaving off profits off of my XL I
• 4:15
  Speaker 3: didn't really I don't really trade oil itself, but XLE
• 4:17
  Speaker 3: profits I took about half, cashed out, about half of
• 4:20
  Speaker 3: that actually converted some over to bitcoins. So there's definitely
• 4:23
  Speaker 3: some things to look at there, some transitory, you know
• 4:26
  Speaker 3: kind of things. And I think that you're at a
• 4:28
  Speaker 3: point where you're getting towards the end of this. I mean,
• 4:31
  Speaker 3: I think one month, two months. I think there's a
• 4:33
  Speaker 3: little bit more negotiation tactics. Trump wants to try. He
• 4:37
  Speaker 3: wants to see, you know, if we can get some
• 4:39
  Speaker 3: better terms. But we do know probably within a month
• 4:42
  Speaker 3: to two months, Trump is going to fold. And this
• 4:44
  Speaker 3: is it's going to be all over that. It's just
• 4:46
  Speaker 3: so unpopular with the public. I just don't see. And
• 4:49
  Speaker 3: then that military spending, I just don't see how it's sustainable.
• 4:52
  Speaker 1: So yeah, well, the unpopularity of it. Do you think
• 4:56
  Speaker 1: that if you look at whether it's energy, or you
• 5:00
  Speaker 1: look at even some of the commodities that are starting
• 5:03
  Speaker 1: to play in the market right now, is there anything
• 5:05
  Speaker 1: that you would be picking in those areas right now
• 5:07
  Speaker 1: to possibly go into gold, for instance, silver or anything
• 5:11
  Speaker 1: in the metal side.
• 5:13
  Speaker 2: You know.
• 5:13
  Speaker 3: I mean I took you know, I sold my gold
• 5:15
  Speaker 3: about three weeks ago, now something like that two or
• 5:18
  Speaker 3: three weeks ago, converted over to bitcoin. I think we
• 5:21
  Speaker 3: looked at that chart, you know, on one of your
• 5:23
  Speaker 3: shows a couple of weeks ago as well. So I
• 5:25
  Speaker 3: think the trade, I mean, I think it's it's lighter
• 5:28
  Speaker 3: commodities and it's more towards bitcoin because bitcoin's down. You know,
• 5:32
  Speaker 3: it went down I think seventy percent against gold. It
• 5:35
  Speaker 3: went down a lot against XL as well. So I
• 5:38
  Speaker 3: think it's a pretty good evaluation on bitcoin. I mean,
• 5:41
  Speaker 3: unless you're somebody who thinks Bitcoin's going to go down
• 5:43
  Speaker 3: to like thirty k or you know, really low numbers,
• 5:47
  Speaker 3: I think bitcoin is probably the obvious choice for the
• 5:49
  Speaker 3: long term right now.
• 5:51
  Speaker 1: So yeah, let's take a look. Okay, well first before
• 5:54
  Speaker 1: we jump into it, because we're gonna chart bitcoin here
• 5:56
  Speaker 1: in a second. But I want to get your opinion
• 5:59
  Speaker 1: on Clarity, because obviously we've got that's kind of the
• 6:02
  Speaker 1: only thing that is kind of hinging on the crypto
• 6:06
  Speaker 1: market right now, is Clarity. If Clarity goes through, and
• 6:09
  Speaker 1: now we're hearing, you know, some rumbles that there might
• 6:12
  Speaker 1: be a deal and works. But again, I don't know
• 6:14
  Speaker 1: what to believe out of DC anymore. These guys are
• 6:17
  Speaker 1: up there, down, they're in there out. I mean, it
• 6:19
  Speaker 1: has been just an absolute cluster in terms of the
• 6:22
  Speaker 1: amount of negotiations that either are are not taking place.
• 6:26
  Speaker 1: Are or are not taking place, that's the question. But
• 6:29
  Speaker 1: let's just frame it in two ways. Clarity gets through,
• 6:33
  Speaker 1: or at least we get to a point where it
• 6:35
  Speaker 1: could go to the Senate for a vote. Where do
• 6:37
  Speaker 1: you think the market will head? Is this a bullish
• 6:41
  Speaker 1: position or do you feel like it's going to be
• 6:44
  Speaker 1: kind of a short, you know, run and then a
• 6:46
  Speaker 1: pullback any any kind of analysis there.
• 6:50
  Speaker 2: It's at least a cravish position.
• 6:52
  Speaker 3: I'll say that he would help the odds of the
• 6:54
  Speaker 3: bottom being in, which I think there's a decent shot
• 6:56
  Speaker 3: that the bottom is in already, so I think it
• 6:58
  Speaker 3: would be very bull for the long term.
• 7:00
  Speaker 2: I don't think it would.
• 7:01
  Speaker 3: Immediately, you know, send bitcoin up to one hundred K
• 7:04
  Speaker 3: or anything like that. I don't follow it, you know, religiously,
• 7:07
  Speaker 3: but I think, you know, you got a decent shot
• 7:09
  Speaker 3: maybe into summer or something like that, and that would
• 7:12
  Speaker 3: work really well for the mid terms for Republicans, Like,
• 7:15
  Speaker 3: if you're Republicans, you want to try to pass that
• 7:18
  Speaker 3: towards the summer and have a rally into mid terms.
• 7:21
  Speaker 3: I think right now is actually a little bit strategically
• 7:23
  Speaker 3: a little bit early to try to pass it.
• 7:25
  Speaker 2: I think you want to wait a few months and
• 7:27
  Speaker 2: then pass it.
• 7:28
  Speaker 1: Interesting, Okay, Well, another thing I think people are looking
• 7:31
  Speaker 1: at mid terms in terms of energy price right now,
• 7:34
  Speaker 1: because here we on on crude oil on track for
• 7:37
  Speaker 1: highest sense June of twenty two, hitting one to eleven
• 7:40
  Speaker 1: a barrel. This could potentially hit one fifteen, maybe even
• 7:43
  Speaker 1: one twenty if this comes in again. This is going
• 7:46
  Speaker 1: to impact fuel prices here in the US. Specifically if
• 7:51
  Speaker 1: we see a six dollar or a seven dollars gallon
• 7:55
  Speaker 1: of gas in the summer. I feel like this is
• 7:58
  Speaker 1: almost a no win for the Republicans in terms of
• 8:01
  Speaker 1: the midterms. And we we had deeping on early this week.
• 8:05
  Speaker 1: I mean, the Senate is kind of hinging right now.
• 8:08
  Speaker 1: That's the only one that they have a chance at winning.
• 8:11
  Speaker 1: Does this change the market outlook? If we see energy
• 8:15
  Speaker 1: price continuing to climb, let's say they're seven dollars a
• 8:18
  Speaker 1: gallon gas, what happens to crypto.
• 8:21
  Speaker 3: You're probably in trouble, man, Yeah, because oil is going
• 8:24
  Speaker 3: to keep going up, the energy sector is going to
• 8:26
  Speaker 3: keep going up. You know, you're probably in trouble. You know,
• 8:28
  Speaker 3: bigcoin is probably going to keep going down. Your S
• 8:30
  Speaker 3: and P five hundred is probably going to keep going
• 8:32
  Speaker 3: down in those situations. That's if this extends on for
• 8:36
  Speaker 3: more than a month to two months, you know.
• 8:38
  Speaker 2: Into summer.
• 8:39
  Speaker 3: I don't think I would take the more optimistic route
• 8:41
  Speaker 3: that the public doesn't want that to happen. Trump doesn't
• 8:44
  Speaker 3: want that to happen. I don't think that. I just
• 8:48
  Speaker 3: don't really see that happening as of right now. I
• 8:51
  Speaker 3: think one more month, two more months, and we're going
• 8:53
  Speaker 3: to get this done. We're going to get energy prices down,
• 8:56
  Speaker 3: and we're going to see a much milder version of
• 8:58
  Speaker 3: twenty twenty two in terms of the S and P
• 9:00
  Speaker 3: five hundred correction, in terms of Bitcoin's correction as well.
• 9:03
  Speaker 3: I think I think what everyone hoped twenty twenty two
• 9:06
  Speaker 3: is going to be is what twenty twenty six will
• 9:09
  Speaker 3: end up being.
• 9:10
  Speaker 2: That's my optimistic interesting.
• 9:12
  Speaker 1: Okay, all right, let's see I want to jump over
• 9:14
  Speaker 1: to the bitcoin chart real quick before I play a clip,
• 9:16
  Speaker 1: because I want to get into the economy side of thing.
• 9:18
  Speaker 1: But bitcoin as it sets right now, because this is
• 9:22
  Speaker 1: kind of this sideways position that we've somewhat gone into.
• 9:27
  Speaker 1: And really, I think the big question I think you
• 9:29
  Speaker 1: put out a tweet if I can find it right here,
• 9:32
  Speaker 1: sixty five nine sixty five nimes sixty five to nine
• 9:37
  Speaker 1: must hold this position. Why are you claiming so much here?
• 9:41
  Speaker 3: I think it's a very important point. I don't think
• 9:43
  Speaker 3: it's the ends of the world. If you lose that,
• 9:44
  Speaker 3: you're probably going to retest the loose sixties at least
• 9:46
  Speaker 3: sixty two K. And if we look at the chart here,
• 9:48
  Speaker 3: I mean the first thing, let's talk about the positive
• 9:50
  Speaker 3: right now. So the first thing we want to look
• 9:52
  Speaker 3: at is the two week You get a deep anchorwave
• 9:54
  Speaker 3: right here, very similar to June of twenty twenty two.
• 9:57
  Speaker 3: Keep in mind Bitcoin normally bottoms earlier every single time,
• 10:00
  Speaker 3: if you don't count FTX, this was a long consolidation period.
• 10:04
  Speaker 2: Very cravish.
• 10:05
  Speaker 3: You came back down, made a higher low, then you
• 10:07
  Speaker 3: had your black swan for FTX, which eth got lucky
• 10:10
  Speaker 3: Eath actually didn't make a lower low.
• 10:11
  Speaker 2: During this area.
• 10:12
  Speaker 3: So I think that there's a case to be made
• 10:15
  Speaker 3: that we stay crabvish, that we can kind of hold,
• 10:18
  Speaker 3: you know, hold potentially these areas the low sixty two,
• 10:21
  Speaker 3: sixty three, these areas or you know, sixty one those areas,
• 10:26
  Speaker 3: and that's your potential bottom. Now, what I was saying
• 10:28
  Speaker 3: in that tweet is for more of the short term,
• 10:30
  Speaker 3: this is more of a day trader, you know, swing
• 10:32
  Speaker 3: trader perspective is that if this area right here holds
• 10:35
  Speaker 3: like it did over here, like it did over here,
• 10:38
  Speaker 3: you know, there's probably a lot of stop losses, a
• 10:40
  Speaker 3: lot of stuff right below this, maybe in the low
• 10:42
  Speaker 3: sixty fives, and once that gets hit, you're probably easily
• 10:44
  Speaker 3: going down to sixty three or down farther. But what
• 10:48
  Speaker 3: I like for the more short term perspective here is
• 10:51
  Speaker 3: I like my four hour trigger wave right here, money
• 10:54
  Speaker 3: flows coming up. It is the weekend, so it can
• 10:56
  Speaker 3: get a little wonky, but I like my five hour
• 10:58
  Speaker 3: as well. So until you know, until these things break
• 11:02
  Speaker 3: kind of this area breaking the sixty five nine, like
• 11:05
  Speaker 3: I mentioned, I would remain a little bit more optimistic.
• 11:08
  Speaker 2: A little bit more bullish.
• 11:09
  Speaker 3: And I think that you know, this is The last
• 11:12
  Speaker 3: thing I'll say here is that if I think that
• 11:14
  Speaker 3: this is like a double bottom right here, and if
• 11:16
  Speaker 3: you can break right above you know, sixty eighty seven,
• 11:19
  Speaker 3: here's your technal target at seventy two. There's also a
• 11:21
  Speaker 3: ton of liquidity at seventy two that I think may
• 11:24
  Speaker 3: it hit.
• 11:24
  Speaker 2: So yeah, I just.
• 11:25
  Speaker 1: So I don't see that right now. As in the cars,
• 11:28
  Speaker 1: there's just so much macro headwinds that push against bitcoin
• 11:32
  Speaker 1: on unless we get something that is very unusual and
• 11:35
  Speaker 1: we look for, you know, a flight to potential safety.
• 11:38
  Speaker 1: But even in I think gold would probably benefit the
• 11:40
  Speaker 1: most from that. If you look at the previous time
• 11:43
  Speaker 1: that we've seen Bitcoin make a run, most of that
• 11:47
  Speaker 1: was a derivative of the ETF launch. You know, so
• 11:50
  Speaker 1: we got build ups going in, Bitcoin's gonna watch an ETF.
• 11:53
  Speaker 1: Sure enough, we get the launch. It was a little
• 11:55
  Speaker 1: bit delayed, but then boom, Bitcoin makes its all time high.
• 11:58
  Speaker 1: Michael Sailor though now is pushing for Treasury to be
• 12:03
  Speaker 1: part of maybe the next wave of strategy that could
• 12:06
  Speaker 1: hit around Bitcoin going into its next phase, and that
• 12:10
  Speaker 1: is if some of these major fortune five hundreds, Amazon, Apple, Google,
• 12:14
  Speaker 1: Microsoft example, here saying big tech and maybe other big
• 12:18
  Speaker 1: companies that could actually enter putting bitcoin and digital assets
• 12:23
  Speaker 1: on their you know, treasury. If that occurs, Is that enough?
• 12:28
  Speaker 1: Do you feel that maybe that's where we see the
• 12:31
  Speaker 1: bottom of bitcoin and then we could see that outpacing macro.
• 12:37
  Speaker 3: Yeah, you know that's a big thing, a lot of catalysts.
• 12:39
  Speaker 3: You know that, like the clarity, those things are very
• 12:42
  Speaker 3: governmental stuff and good news like these things when the
• 12:45
  Speaker 3: markets down a lot, are usually very bullish. When you
• 12:47
  Speaker 3: see stuff like this, when the markets at all time high,
• 12:50
  Speaker 3: it's usually pretty bearish. So you want to look for
• 12:53
  Speaker 3: good news in the markets down, and that's normally you know,
• 12:56
  Speaker 3: a big thing to look at there essentially, So yeah,
• 12:58
  Speaker 3: I think it's generally bullish.
• 13:00
  Speaker 2: Do you think that, like if I.
• 13:01
  Speaker 3: Had a guess when you'd actually see like a sustained
• 13:04
  Speaker 3: run more than you know, just to jump up to
• 13:06
  Speaker 3: seventy two K or seventy five K or whatever. I'm
• 13:09
  Speaker 3: talking eighty K, ninety K, one hundred k, potentially quarter four,
• 13:13
  Speaker 3: you know, I would say for November, December maybe just
• 13:17
  Speaker 3: maybe September maybe, but quarter four.
• 13:21
  Speaker 1: Evan, if you pull up the bitcoin eighth chart and
• 13:24
  Speaker 1: you go on the weekly. Spread that out and look
• 13:27
  Speaker 1: at the performance of ethereum versus Bitcoin, because you look
• 13:32
  Speaker 1: at the cycles and last cycle eth just not moving
• 13:36
  Speaker 1: to anywhere where we saw at least in terms of
• 13:40
  Speaker 1: the levels of bitcoin. Is this a better play right now?
• 13:44
  Speaker 1: If you kind of compare some of the pullbacks that
• 13:47
  Speaker 1: we've seen on ethereum, are we in a better position
• 13:50
  Speaker 1: now with ethereum versus bitcoin?
• 13:54
  Speaker 2: Yeah? On thousand percent. I mean I think it's the
• 13:56
  Speaker 2: obvious choice right now.
• 13:57
  Speaker 3: You just got to know, like when to You got
• 13:59
  Speaker 3: to be care careful, You got to know when to
• 14:01
  Speaker 3: like kind of invalidate you know, your theory there, And
• 14:04
  Speaker 3: it's very easy right now. I mean you're two weak
• 14:06
  Speaker 3: moneyflow's coming up trigger away right there, very similar to
• 14:09
  Speaker 3: last time the anty qt back in you know, twenty nineteen,
• 14:12
  Speaker 3: you saw this area and then you have performed bitcoin
• 14:14
  Speaker 3: for years. So that's you know, really good right here.
• 14:17
  Speaker 3: And I think this giant rally in twenty twenty five
• 14:19
  Speaker 3: shows us that Ethereum still.
• 14:21
  Speaker 2: Wants to perform and wants to be a big player.
• 14:23
  Speaker 3: So until that's nullified, I would remain very optimistic on Ethereum.
• 14:27
  Speaker 3: I would get more nervous and probably convert Eth over
• 14:31
  Speaker 3: to bitcoin if you lose this area right here, But
• 14:33
  Speaker 3: I don't think you're going to It's it's been very
• 14:35
  Speaker 3: strong here. I think monetary policy would support this. I
• 14:39
  Speaker 3: like ETH right now. I think Eth is a very
• 14:41
  Speaker 3: good play. But again, you always need a valid invalidation
• 14:44
  Speaker 3: point which is going to be below.
• 14:46
  Speaker 2: This low that we made in February.
• 14:47
  Speaker 3: I think if you can't hold that, you're just not
• 14:49
  Speaker 3: in a bullish structure anymore.
• 14:51
  Speaker 1: Speaking of ethereum, further into that ecosystem, UNIEWAP, if we
• 14:56
  Speaker 1: take a look at UNISWAP right now, because this one
• 14:58
  Speaker 1: has been trending down for quite some time, what is
• 15:01
  Speaker 1: your position with UNISWAP. Would you make a play on
• 15:03
  Speaker 1: this or continue to watch it?
• 15:06
  Speaker 3: I think it's a continue to watch. You know, it's
• 15:08
  Speaker 3: a sketchy chart. I don't really like how you lost
• 15:11
  Speaker 3: you know, this low from June of twenty twenty two.
• 15:13
  Speaker 3: I mean, technically you've been in a bear market since
• 15:15
  Speaker 3: twenty twenty one, and the problem with that is like,
• 15:18
  Speaker 3: how long are we going to wait? We waited five
• 15:20
  Speaker 3: years now. I mean it's not really I just need
• 15:23
  Speaker 3: more momentum. I need more, you know, momentum, more change
• 15:26
  Speaker 3: in direction. I mean it's you know, this one looks
• 15:29
  Speaker 3: like it's going back down to the previous lows right here.
• 15:32
  Speaker 2: It could be a low risk, high reward.
• 15:33
  Speaker 3: Play, especially if you're looking at it against bitcoin, because
• 15:36
  Speaker 3: that's the main goal, just how perform Bitcoin here. So
• 15:39
  Speaker 3: what you can do on this potentially is set a
• 15:42
  Speaker 3: stop loss or set a notification kind of below these
• 15:45
  Speaker 3: lows here. I mean that was technically a low out
• 15:47
  Speaker 3: your October twenty five low against bitcoin, which.
• 15:49
  Speaker 2: That's better than a lot of bulokcoins. So if it
• 15:51
  Speaker 2: loses kind of this.
• 15:52
  Speaker 3: Area right here, I would get out quickly, which is
• 15:55
  Speaker 3: only you could hit that within a few days. Theoretically
• 15:58
  Speaker 3: it's only seven percent down overall, UNISWAP, it's sketchy. I mean,
• 16:03
  Speaker 3: I don't really, for lack of a better term, it
• 16:06
  Speaker 3: just looks weird because you're losing this area. You're not
• 16:08
  Speaker 3: even really hitting anything from long term, You're almost the
• 16:11
  Speaker 3: price discovery mode to the negative back from you know,
• 16:14
  Speaker 3: November twenty twenty numbers.
• 16:15
  Speaker 2: So yeah, I don't know about this not much.
• 16:18
  Speaker 1: What about what about UNISWAP versus ethan the same would
• 16:22
  Speaker 1: you kind of be the same case.
• 16:24
  Speaker 2: This is very similar. Yeah, UNISWAP versus ETH.
• 16:27
  Speaker 3: I mean I would much rather, yeah, much rather bet
• 16:29
  Speaker 3: on eth than this right here. I mean this charge
• 16:32
  Speaker 3: it's just so down, so much against eth. I mean
• 16:35
  Speaker 3: it has not had a bull market against eth in
• 16:37
  Speaker 3: you know, a long long time. You have that low
• 16:39
  Speaker 3: there essentially, So what you can do is, yeah, I
• 16:42
  Speaker 3: identification for right. I'd say these lows right here from February.
• 16:45
  Speaker 3: If you lose these lows, then get out. I mean
• 16:48
  Speaker 3: there's some potential, you know, there's definitely some potential for
• 16:51
  Speaker 3: running up. You just got to be very careful. You
• 16:53
  Speaker 3: got to know like when when to invalidate it.
• 16:56
  Speaker 1: So, yeah, let's jump over to Solana Drift to exploit
• 16:59
  Speaker 1: a course the all out now spreading to twenty other
• 17:01
  Speaker 1: projects on Solana. That was something that has been a
• 17:05
  Speaker 1: concern of the community. But if you look at Solana
• 17:08
  Speaker 1: in general, do you think this because this is still
• 17:11
  Speaker 1: I look at it maybe as my number two token,
• 17:15
  Speaker 1: maybe number three, depending on in terms of opportunity in
• 17:19
  Speaker 1: a bull market, is is that where you would play
• 17:22
  Speaker 1: this or would you be a little bit more you know,
• 17:25
  Speaker 1: conservative on Solana Right now?
• 17:28
  Speaker 3: I think Solana looks a little weak against ethereum, but
• 17:30
  Speaker 3: that doesn't mean that it didn't bottom a Solana on
• 17:34
  Speaker 3: a USD pair. I kind of like, I think this
• 17:35
  Speaker 3: potentially could have been at bottom on February fifth. I mean,
• 17:38
  Speaker 3: now you're getting a nice bounce off of this major area,
• 17:41
  Speaker 3: right seventy seven dollars, So that's kind of like your
• 17:43
  Speaker 3: sixty five point nine one big one. As long as
• 17:46
  Speaker 3: you hold that, there's definitely a lot of potential here.
• 17:48
  Speaker 3: And if you can break above and hold where we
• 17:50
  Speaker 3: are right now not looking too good a p theemonia
• 17:53
  Speaker 3: kind of rejecting from the eighty, but there's definitely a
• 17:55
  Speaker 3: lot of potential here. I think eventually, and this could
• 17:58
  Speaker 3: be by eventually, I mean like six months, you know,
• 18:00
  Speaker 3: it could be something like this. Eventually you will break
• 18:03
  Speaker 3: up to one hundred dollars, probably in a quarter, fourth
• 18:05
  Speaker 3: quarter one of next year. When you look at Salana
• 18:07
  Speaker 3: versus eth. I don't like this because look, it just
• 18:11
  Speaker 3: keeps going, it's breaking downward versus eth. I mean, this
• 18:14
  Speaker 3: is your uh, you know, I think you're probably gonna
• 18:16
  Speaker 3: at least bleed, I mean very likely to bleed another oops.
• 18:20
  Speaker 1: Evan, you seem like you're an an eth bull on
• 18:23
  Speaker 1: this one. Almost everything.
• 18:25
  Speaker 3: I'm just just just objective. It's just every look, it's
• 18:29
  Speaker 3: just bleeding against eth. You know, it's just making new
• 18:30
  Speaker 3: lows against eth right now.
• 18:32
  Speaker 1: So I mean, well, and many people still, many people
• 18:35
  Speaker 1: still think maybe this is the cycle for ethereum because
• 18:38
  Speaker 1: there was so much building happening from the ETH ecosystem.
• 18:42
  Speaker 1: It's showing up at ECC right now, and maybe this
• 18:46
  Speaker 1: is the cycle that we actually get that. Some of
• 18:48
  Speaker 1: course would be institutional adoption. We're starting to see trad
• 18:51
  Speaker 1: fy moving into the space. All of that could be
• 18:54
  Speaker 1: a good news for ethereum in general. I want to
• 18:57
  Speaker 1: look at speaking of that, I want to look at
• 18:59
  Speaker 1: BM and R. So this is another one from a
• 19:03
  Speaker 1: standpoint of BM and R. And you look at where
• 19:06
  Speaker 1: Tom Lee is right now, and he's continuing to buy eth. Obviously,
• 19:11
  Speaker 1: our our you know, trigger for us is when he
• 19:14
  Speaker 1: buys one hundred thousand eight. We think that is where
• 19:17
  Speaker 1: he thinks at that point. They believe it's at the bottom.
• 19:21
  Speaker 1: And there's been many different acquisition points that have been
• 19:23
  Speaker 1: close but not you know, no scar. But if you
• 19:26
  Speaker 1: look at BM and R right now, how would you
• 19:28
  Speaker 1: play into this, would this be ahead for you?
• 19:31
  Speaker 3: I love this because it's such a low risk, high
• 19:33
  Speaker 3: reward play. You know, essentially, here's the low you made
• 19:36
  Speaker 3: February fifth, And there's a few different things we could
• 19:39
  Speaker 3: look at here, but one play is just like, yeah,
• 19:42
  Speaker 3: it's so balt I can't even get my stopless total work.
• 19:44
  Speaker 3: But essentially, if you lose this area, I would say,
• 19:47
  Speaker 3: if you lose like sixteen dollars, that's where it gets
• 19:49
  Speaker 3: a lot scarier. I do think that in all likelihood
• 19:52
  Speaker 3: of eth is bottomed out, this should have bought this
• 19:54
  Speaker 3: should this should have bottomed out obviously trying to make
• 19:57
  Speaker 3: a higher low here, I think you're going to see
• 19:58
  Speaker 3: a lot of consolidation. Like my I guess is you're
• 20:00
  Speaker 3: gonna be choppy for some months potentially, and then hopefully
• 20:03
  Speaker 3: break upward and hopefully this can do what microshred you
• 20:06
  Speaker 3: did back in twenty twenty two. Essentially, what you got
• 20:09
  Speaker 3: to look at though is B M and R versus Ethereum,
• 20:11
  Speaker 3: you're still okay now you made a slightly lower low
• 20:13
  Speaker 3: against ETHMB. Actually I think it was yesterday this area
• 20:17
  Speaker 3: right here, So that's what I want to keep my
• 20:18
  Speaker 3: eye on as long as you can hold that, I
• 20:20
  Speaker 3: would remain bullish because obviously, you know, if it can
• 20:23
  Speaker 3: out perform etherorum the thing it's you know, just buying
• 20:26
  Speaker 3: like crazy, then what's the point.
• 20:27
  Speaker 2: Obviously you're better off to buy eth. But as long
• 20:29
  Speaker 2: as you.
• 20:29
  Speaker 3: Can hold kind of that area, I would remain more optimistic.
• 20:32
  Speaker 3: This also on its Bitcoin pair, because we're trying to
• 20:35
  Speaker 3: up from Bitcoin two. Obviously, you know it's still holding
• 20:38
  Speaker 3: this pretty well at on February fifth, So this is
• 20:40
  Speaker 3: where I'm setting my notifications in this area right here,
• 20:43
  Speaker 3: it's holding from July twenty twenty five. If it loses
• 20:46
  Speaker 3: that area, I would probably convert all the you know,
• 20:49
  Speaker 3: either Etheroreum or bitcoin depending, but I wouldn't be bullish
• 20:52
  Speaker 3: on this anymore. If you can lose that, everything's completely
• 20:55
  Speaker 3: invalidated because you're just only going down at that point when.
• 20:59
  Speaker 1: You look at the top twenty tokens right now, So
• 21:02
  Speaker 1: we've kind of established eight is a big play Bitcoin
• 21:05
  Speaker 1: to a certain extent, depending on the macro elements within it. XRP.
• 21:11
  Speaker 1: Would this be a bye for you or a hold?
• 21:13
  Speaker 1: Right now? On XRP at where it's setting, it's yeah,
• 21:18
  Speaker 1: seven day, it's about flat on two XRP.
• 21:22
  Speaker 3: I like Paul, I mean it could have absolutely bottomed out.
• 21:24
  Speaker 3: It hit a major area here trying to make a
• 21:26
  Speaker 3: higher low. I mean that dollar, you know, dollar thirty
• 21:29
  Speaker 3: is a big place. If you look at this on
• 21:31
  Speaker 3: it's let's compare this to Etherorum obviously, that's the thing
• 21:34
  Speaker 3: we're trying to perform. This actually looks a little bit better.
• 21:38
  Speaker 3: It's in between. I mean, it's trying to make higher
• 21:40
  Speaker 3: lows here. So I think there's a lot of potential here.
• 21:43
  Speaker 3: It does look a little bit better than Solana, I
• 21:45
  Speaker 3: would say, especially against Etheroreum. So this area there's potential.
• 21:48
  Speaker 3: There's definitely potential. I mean, what if you're losing this
• 21:51
  Speaker 3: low from God, I.
• 21:53
  Speaker 1: Was gonna say, what what Okay, So I like that call.
• 21:55
  Speaker 1: What about hype?
• 21:58
  Speaker 2: Hype?
• 21:58
  Speaker 3: Okay, Hype is interesting. Hype is interesting. I think it's
• 22:01
  Speaker 3: losing some structure on its us dpair. If you look
• 22:05
  Speaker 3: here on hype'ly finnd it to Chary with more. Yeah, so
• 22:08
  Speaker 3: it's kind of losing a little bit of structure. It's
• 22:10
  Speaker 3: hitting with a kind of a major point rejecting from it.
• 22:12
  Speaker 3: So I really want to keep an eye on my
• 22:13
  Speaker 3: weekly right here, and if this gets a trigger way
• 22:16
  Speaker 3: to the bottom, you may be going down a bit more.
• 22:19
  Speaker 3: It's kind of tough because this thing is so new.
• 22:22
  Speaker 3: I would also be looking at this daily. As long
• 22:24
  Speaker 3: as this these daily emas stay bright, I think there's
• 22:27
  Speaker 3: more potential for for forward for forward action for you know,
• 22:31
  Speaker 3: upward price.
• 22:32
  Speaker 2: Action hype versus bitcoin. That's the thing.
• 22:35
  Speaker 3: It's getting a little bit sketchy on some of these
• 22:37
  Speaker 3: time frames, a little bit more bearish money flows starting
• 22:39
  Speaker 3: to come down. I mean, there's not a ton of
• 22:41
  Speaker 3: data on this, but you are seeing some bearish signs
• 22:44
  Speaker 3: that you haven't seen since essentially September of twenty twenty five.
• 22:47
  Speaker 3: So it wouldn't surprise me if you see a decent
• 22:49
  Speaker 3: correction against bitcoin, I would look for a better discount
• 22:52
  Speaker 3: against bitcoin at least maybe thirty to forty against bitcoins well.
• 22:56
  Speaker 1: And also down six and a half percent just on
• 22:58
  Speaker 1: the weekly, so that in itself, I know it's up
• 23:01
  Speaker 1: a little bit, just over the last little bit, but
• 23:04
  Speaker 1: still interesting in terms of those And I think this
• 23:08
  Speaker 1: is the thing. When you look at crypto right now,
• 23:11
  Speaker 1: there's only a handful of projects I think that really
• 23:13
  Speaker 1: fit in there. There are some out there. Yes, I
• 23:15
  Speaker 1: know many of you guys in comments will say there's
• 23:17
  Speaker 1: a ton out there where there are some big winners,
• 23:19
  Speaker 1: but they're just at certain levels of risk right now.
• 23:23
  Speaker 1: And I think that's the concern right now. Even if
• 23:24
  Speaker 1: you look at some of the big movers you know
• 23:26
  Speaker 1: that have had some play this week, all the way
• 23:29
  Speaker 1: down into you know, meme coins. So I don't know,
• 23:32
  Speaker 1: we're just very very conservative right now. I think most
• 23:36
  Speaker 1: people are either on the sidelines right now. When you
• 23:40
  Speaker 1: look at your portfolio, if you're willing to share this,
• 23:44
  Speaker 1: how much percentage wise are you on the sidelines with
• 23:48
  Speaker 1: right now?
• 23:50
  Speaker 3: So I mean, other than I don't really hold too
• 23:53
  Speaker 3: much cash because there's always a bull market somewhere, you know,
• 23:55
  Speaker 3: I still have half of my XL position. In terms
• 23:59
  Speaker 3: of crypto, I'm pretty much that all the crypto exposure
• 24:01
  Speaker 3: is mostly ethereum. A lot of like selling cash secured
• 24:05
  Speaker 3: puts on beam and R but that's you know, you
• 24:07
  Speaker 3: gotta have a tight stop loss on that. I would
• 24:09
  Speaker 3: say overall of about like thirty percent cash that I'm
• 24:12
  Speaker 3: hoping to put more into bitcoin and that type of stuff.
• 24:16
  Speaker 3: You know, obviously ethereum. As the months go on. I
• 24:19
  Speaker 3: think potentially later this year you may see a lot
• 24:21
  Speaker 3: better entry points on things like Solana, XRP and some
• 24:25
  Speaker 3: other all coins, at least on the Okay coin.
• 24:28
  Speaker 2: Any theory IM pairs, So.
• 24:29
  Speaker 1: Yeah, I like it all right, Evan Aldough. If you
• 24:32
  Speaker 1: guys want to check out Evan, go over and of
• 24:34
  Speaker 1: course visit him on the YouTube page for him at
• 24:37
  Speaker 1: seven aldo over on YouTube, and of course follow him
• 24:40
  Speaker 1: out there on x You can catch him right there
• 24:42
  Speaker 1: at Evan Aldo and he's making some calls out there,
• 24:47
  Speaker 1: does a good job on technical analysis and some trading
• 24:49
  Speaker 1: as well, so do that and Evan, thanks for coming
• 24:52
  Speaker 1: in today. We appreciate it.
• 24:53
  Speaker 2: Oh it's an other Paul, thanks so much for having me.
• 25:02
  Speaker 1: If you like this video, hit like and subscribe, drop
• 25:04
  Speaker 1: a comment down below, and also join our free private
• 25:07
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