Latest / The Paul Barron Crypto Show / Buy The Dip Altcoin Discounts📉Technical Analysis w/ Evan Aldo

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Buy The Dip Altcoin Discounts📉Technical Analysis w/ Evan Aldo · The Paul Barron Crypto Show

0:06
Speaker 1: Are you buying the dip in the market right now?
0:08
Speaker 1: Let's take a look at some all coins how this
0:10
Speaker 1: may play out in the market. My name's Paul Berrel.
0:12
Speaker 1: Welcome back into the show. Let's get started. I do
0:14
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0:16
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0:19
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0:30
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0:32
Speaker 2: So check that out and jump in.
0:35
Speaker 1: Let's get into it today with mister Evan Aldough coming
0:38
Speaker 1: in from the globe trotting world across.
0:42
Speaker 2: Where are you today, Evan?
0:43
Speaker 3: I am in Helsinki, Finland?
0:46
Speaker 1: I love it all right, Hey, listen, we got to
0:48
Speaker 1: talk about President Trump. He issued some statements here on
0:53
Speaker 1: his tour of the renovation during the Federal Reserve.
0:56
Speaker 2: So there is that.
0:57
Speaker 1: I want to play a clip that kind of is
0:58
Speaker 1: the best hits for yesterday's little tour detent with mister Powell.
1:03
Speaker 2: Take a look, j me, come on over.
1:06
Speaker 4: And it looks like it said about three point one
1:08
Speaker 4: billion one up a little bit or alive. So the
1:12
Speaker 4: two point seven is now three point one.
1:16
Speaker 3: Yeah, it just came out.
1:19
Speaker 5: Pale's pull out those reading glasses yep, okay, looking and
1:23
Speaker 5: then he's like, no, I'm sorry, you just.
1:27
Speaker 2: You just added in a third buildings. What that is
1:29
Speaker 2: You just added a third building? Boy, I haven't seen
1:33
Speaker 2: that ever. Okay.
1:34
Speaker 5: Then he's like, what do I do with this trash
1:36
Speaker 5: because he's mad about it, hands it to Trump who
1:39
Speaker 5: is mad to be handed it, and then just hands
1:41
Speaker 5: it off to somebody.
1:42
Speaker 6: Betjer J. Powell was correcting him on Live Pop and
1:45
Speaker 6: you're saying he's wrong.
1:46
Speaker 2: No, on the whole top.
1:48
Speaker 6: Why do you disagree with that?
1:50
Speaker 2: I don't know what you're saying.
1:51
Speaker 4: This is a president of the United States who misses nothing.
1:57
Speaker 7: Continue, dear sir, And they.
2:01
Speaker 2: Say, I don't know.
2:02
Speaker 4: They have the sprinkler systems and all of this stuff.
2:05
Speaker 3: It's amazing.
2:06
Speaker 7: Trump put Powell in the job just to remind everybody.
2:09
Speaker 4: We would be helped if interest rates would come down.
2:11
Speaker 4: But we're going to see how the board rules on
2:13
Speaker 4: that soon. I'd love to see him come down a lot,
2:16
Speaker 4: but they said, the reason all these cost overruns is
2:19
Speaker 4: because of inflation.
2:21
Speaker 7: Gee, where did all that inflation come from? Cause inflation?
2:24
Speaker 4: The FED did, They're gonna pay fifteen percent on everything
2:27
Speaker 4: they send into our country.
2:29
Speaker 7: So it's great, isn't awkward? As it was for the Fed?
2:32
Speaker 7: They got to have j. Powell standing next to the
2:34
Speaker 7: president publicly disagreeing with him, and at the same time
2:38
Speaker 7: they avoided having Trump go sort of ful Zelensky on him,
2:41
Speaker 7: so they were able to sort of get the best
2:43
Speaker 7: of both worlds. This was actually, I think a de.
2:46
Speaker 2: Escalation that was kind of my riad on it too interesting.
2:49
Speaker 1: I like that take a de escalation on possibly the
2:53
Speaker 1: feud between Chair Powell and mister Trump. We of course
2:56
Speaker 1: will get into some other things, Evan, But what do
2:59
Speaker 1: you think this is going to have any effect on
3:01
Speaker 1: rates coming up soon?
3:03
Speaker 5: No?
3:05
Speaker 3: I think that Powell wants the show. It's two lions.
3:08
Speaker 3: Trump is the lion number one, Powell's lion number two,
3:10
Speaker 3: and Powell wants to show that he is the real
3:12
Speaker 3: lion here. If that's what I would say in my
3:14
Speaker 3: life dream.
3:14
Speaker 2: So what about your expectation for a raightn.
3:18
Speaker 3: Probably September, but I would not be surprised if everything
3:22
Speaker 3: starts rallying into September. I wouldn't see surprised that Powell
3:25
Speaker 3: holds it off until October to say, you know, I
3:28
Speaker 3: don't care what your opinion is Trump, and I'm gonna
3:30
Speaker 3: be hoty here next year anyway, so I don't care.
3:32
Speaker 1: So yeah, yeah, So I mean early twenty twenty six,
3:35
Speaker 1: your correct Powell will be jumping out that. Of course,
3:39
Speaker 1: we'll play into some other things, one of which will
3:41
Speaker 1: be trade deals. I've got a clip that breaks down
3:44
Speaker 1: are all the trade deals done by August?
3:46
Speaker 2: First? Take a look?
3:47
Speaker 6: Oh that's what I thought was the biggest headline from
3:49
Speaker 6: here too, given that we know talks with the EU
3:51
Speaker 6: are ongoing. They're talking very frequently every day and trying
3:54
Speaker 6: really hard to make that deal by August.
3:56
Speaker 2: First.
3:56
Speaker 6: First he said fifty to fifty. Then he said it
3:58
Speaker 6: might be a little bit less than that, and he
4:01
Speaker 6: also used phrasing that I thought was very interesting. He
4:04
Speaker 6: said the EU might quote have to buy down their tariffs,
4:08
Speaker 6: and then he spoke about how much Japan is investing
4:10
Speaker 6: is investing in the US, that five hundred and fifty
4:12
Speaker 6: billion dollars, that's what led them to that fifteen percent tariff. So,
4:16
Speaker 6: as we've been talking about this week, fifteen percent seems
4:18
Speaker 6: like the floor, and it seems like it has to
4:21
Speaker 6: come with some level of investment. We haven't heard officials
4:23
Speaker 6: in Brussels yet talking about what that investment might look like,
4:26
Speaker 6: what they're willing to do, but the President seems to
4:28
Speaker 6: be saying here, that's what he needs to see in
4:30
Speaker 6: order to reach some sort of a deal.
4:31
Speaker 1: It looks like both the EU has been one of
4:35
Speaker 1: the thorns and Trump's side in terms at least on
4:38
Speaker 1: a deal being done. If all of this gets done
4:40
Speaker 1: by August first, which is what they're talking about, what
4:44
Speaker 1: do you think that does to the general economy for
4:48
Speaker 1: safety purposes? Do you feel like we're going to continue
4:50
Speaker 1: to see a little bit of sideways inflation or do
4:53
Speaker 1: you think we'll see some acceleration.
4:55
Speaker 3: I think it does help out the economy a lot,
4:58
Speaker 3: And I mean that could kind of fit the narrative
5:00
Speaker 3: for all coins doing really well into August, especially Etherorum,
5:03
Speaker 3: which we'll talk about in a second. But I think
5:05
Speaker 3: ethereum has got a decent shot of making a new
5:07
Speaker 3: all time high if you do see this good news.
5:09
Speaker 3: So I think it will help the economy a lot.
5:11
Speaker 1: So yeah, and we will break down some tokens for
5:14
Speaker 1: you today, guys. We are going to look at solana Eth,
5:17
Speaker 1: We'll take a look at Hbar, even Polygon, so stick
5:19
Speaker 1: around for all those. I do want to hit on
5:21
Speaker 1: one other thing right here, and that is the US
5:23
Speaker 1: money supply M two money supply. This has now surged
5:26
Speaker 1: another four and a half percent year ofvery year.
5:28
Speaker 2: In June.
5:29
Speaker 1: This is going to be recording a twenty twenty two
5:32
Speaker 1: trillion dollar high.
5:33
Speaker 2: Look at that chart right there, guys.
5:35
Speaker 1: This is insane the amount of money that is setting
5:38
Speaker 1: on the sideline and the potential for what we'll see
5:42
Speaker 1: coming into it. Remember, money markets still surging. Even though
5:45
Speaker 1: we are starting to see some changes in the money
5:47
Speaker 1: market market overall, we could see some movement very quickly.
5:52
Speaker 1: One of the tokens though, that everybody's looking at is ethereum,
5:56
Speaker 1: and Evan you look at this east Eath's ETFs have
6:01
Speaker 1: now soared past Bitcoin in terms of new inflows, a
6:04
Speaker 1: lot of new institutional focus on this. What is your
6:07
Speaker 1: thought right now on ethereum? Where do you like it
6:10
Speaker 1: on the chart? Do you think it will regress any
6:12
Speaker 1: or do you feel like this is going to be
6:13
Speaker 1: an uphold position.
6:15
Speaker 3: I think if it does regress, it won't be too bad. Now,
6:18
Speaker 3: if we look at the chart here, the big thing
6:21
Speaker 3: that I've been looking at on ethereum is you know,
6:23
Speaker 3: we're consolidating right here. As long as we can hold
6:26
Speaker 3: the thirty five, that would be pretty good. I think
6:28
Speaker 3: there's two many cases here. I mean, you do have
6:30
Speaker 3: to talk about the bearish case because it'll trigger WAVEP
6:32
Speaker 3: to the downside. Here in the ten hour, we could
6:34
Speaker 3: drop back to thirty two hundred this kind of area,
6:37
Speaker 3: but I don't think that you would lose this area.
6:39
Speaker 3: And if you do bounce off of this area, then
6:41
Speaker 3: I think you would be able to generally continue forward
6:44
Speaker 3: into early to mid August, potentially up to your old
6:48
Speaker 3: all time high or forty hundred that I marked out
6:51
Speaker 3: right here. When you zoom out, it still looks very
6:53
Speaker 3: good on the macro. If you're a nice little trigger
6:55
Speaker 3: wave here in the monthly. The last time this happened,
6:58
Speaker 3: I mean, look at how BULLETSHU were just a long
7:00
Speaker 3: time there. So it is not impossible at all for
7:04
Speaker 3: us to keep going and potentially get to these points,
7:07
Speaker 3: you know, within the next two three weeks. This just
7:10
Speaker 3: looks like consolidation for me. Consolidation is a form of
7:14
Speaker 3: correction as well. It does look a little bit bearish
7:17
Speaker 3: in some of these time frames, but don't get too
7:18
Speaker 3: afraid because it is a Friday, We're coming into the weekend.
7:21
Speaker 3: A lot of times they try to trap the shorts here.
7:23
Speaker 3: Everybody tries to short the high and they trap them.
7:26
Speaker 3: So right now, I would stay optimistically bullish. Optimistically yeah, cautiously,
7:30
Speaker 3: bullets excuse.
7:31
Speaker 2: Me, cautiously bullish.
7:33
Speaker 1: One thing that is coming clear is that eth is
7:36
Speaker 1: considered now an institutional grade asset. This is something that
7:40
Speaker 1: has not been the case for Wall Street in terms
7:43
Speaker 1: of looking at ethan. Of course, we've saw the performance
7:46
Speaker 1: of bitcoin and i bit in general. When you think
7:48
Speaker 1: about just the Bitcoin ETF, so pretty much one of
7:51
Speaker 1: the best ETF performers out there in the history of ETFs.
7:55
Speaker 2: Then you have some other things happening, and of course
7:57
Speaker 2: guess what that is. This is Joseph Shalom.
8:01
Speaker 1: This is now going to be the co CEO of
8:03
Speaker 1: Sharpling Gaming, and if you guys know anything about Sharplin Gaming,
8:07
Speaker 1: this is a major eth play. Joseph Lubin of course
8:11
Speaker 1: on the board there, and now Joseph Shalam coming over this,
8:15
Speaker 1: remember was the head of digital assets over at Blackrock.
8:19
Speaker 1: So huge that we're starting to see Ethereum kind of
8:23
Speaker 1: enter this next chapter. And I would agree with what
8:25
Speaker 1: Lubin's saying here entering the next chapter one where serious capital, experience, leadership,
8:31
Speaker 1: and deeply aligned builders are going to push this into
8:34
Speaker 1: global finance.
8:35
Speaker 2: So what would be your top for Well, let me
8:38
Speaker 2: ask you two questions.
8:38
Speaker 1: First, where would you enter into Ethereum if you were
8:44
Speaker 1: buying it for the first time, Because we have a
8:45
Speaker 1: lot of new viewers on the show today, So where
8:48
Speaker 1: would you go?
8:51
Speaker 3: So, I mean right now, I think, and this is
8:53
Speaker 3: what they tell you kind of not to do, but
8:54
Speaker 3: I think it's kind of lump sum right now, and
8:56
Speaker 3: just try to wait a few months for kind of
8:58
Speaker 3: that high because you're in the kind of the last
9:00
Speaker 3: points to the bull run, and I think you're going
9:02
Speaker 3: to see a peak between October to December. So I
9:05
Speaker 3: personally would go lump summer right now and not get
9:08
Speaker 3: scared if you go back to thirty two hundred or
9:10
Speaker 3: something like that. Hold for a few months and then
9:12
Speaker 3: statistically in every post having year. The place you want
9:16
Speaker 3: to scale out would be from October to December. So
9:19
Speaker 3: in all likelihood, I would think you should at least
9:21
Speaker 3: be able to double your money or get a fifty
9:23
Speaker 3: percent return if you bought now and then DC eight
9:25
Speaker 3: out from October to December. So yeah, all.
9:28
Speaker 2: Right, so that's your play.
9:30
Speaker 1: Potentially, this is an all in moment where ethereum is today.
9:34
Speaker 1: Obviously bitcoin retracing back down, we'll talk about that in
9:37
Speaker 1: this Actually before we go on to the next token,
9:40
Speaker 1: let's do talk about bitcoin quickly.
9:43
Speaker 2: But what would be your high on eighth for this
9:47
Speaker 2: bull run?
9:49
Speaker 3: So the big point that I've been looking at on
9:51
Speaker 3: eth is it's a pretty big fib level. If we
9:53
Speaker 3: look here, we get to this point, I'll show you
9:56
Speaker 3: what I think is going to happen really quickly. I
9:57
Speaker 3: think we're going to get to that old all time high,
9:59
Speaker 3: maybe new all time high, five thousand or whatever. Then
10:02
Speaker 3: we'll come back down. We'll see a decent correction, maybe
10:04
Speaker 3: back down to four thousand, maybe back down a little
10:06
Speaker 3: bit more, and then into September, October and maybe a
10:10
Speaker 3: little bit later. October is kind of the earliest I
10:13
Speaker 3: could see this happening. Oops, right to this point, which
10:16
Speaker 3: is my major major target, big fib level seventy three hundred.
10:20
Speaker 3: I would say the absolute max you could see this year.
10:22
Speaker 3: This would I don't think we're going to go that high,
10:24
Speaker 3: but ten thousand would be my absolute top. Eleven thousand
10:26
Speaker 3: absolute top for the year.
10:27
Speaker 1: All right, well, there are some things on ethereum that
10:30
Speaker 1: you have to consider. Eric Trump of course said eth
10:33
Speaker 1: is undervalued.
10:33
Speaker 2: Again.
10:34
Speaker 1: Remember he is the twenty seven hundred dollars wall that
10:37
Speaker 1: we had a problem with with Eric Trump kind of
10:40
Speaker 1: going in this direction, but he is reposting here and
10:43
Speaker 1: a lot of it is around some of the analysts
10:45
Speaker 1: that are hitting I want to go to a clip
10:46
Speaker 1: real quick to kind of stay on the EH train
10:48
Speaker 1: for a second, because this is Tom Lee, which I
10:50
Speaker 1: would say is the biggest eighth proponent out there right now,
10:53
Speaker 1: at least on Wall Street.
10:54
Speaker 2: Take a look at this.
10:55
Speaker 5: We're going to earn more than four percent native staking you,
10:59
Speaker 5: and we have a disclosed what it is as if
11:01
Speaker 5: now this minute, we've disclosed what we had yesterday. It's
11:05
Speaker 5: about one hundred million dollars net income business.
11:07
Speaker 7: So you know, like that's net income.
11:09
Speaker 3: Yeah, it's it's real.
11:10
Speaker 5: It's like it's dividendable net income, you know.
11:13
Speaker 3: So staking that's a plague.
11:14
Speaker 5: Yeah, and if the FED goes to two percent, it's
11:16
Speaker 5: a pretty good yield.
11:18
Speaker 2: Awesome, all right.
11:19
Speaker 1: So his point, if the FED does take a rate
11:22
Speaker 1: cut and we do see some movement down, this is
11:24
Speaker 1: going to be a yield bonanza for ethereum.
11:26
Speaker 2: That, of course, is Tom.
11:27
Speaker 1: Lee, the leading analyst out there, mostly known through what
11:31
Speaker 1: he's doing over at BM and R.
11:33
Speaker 2: What do you think do you think Tom Lee is
11:35
Speaker 2: over zealous on eight?
11:37
Speaker 1: I mean, because his position is well above your seventy
11:40
Speaker 1: three seventy five hundred target.
11:44
Speaker 3: Yeah, I mean I don't. I kind of don't think
11:46
Speaker 3: you're gonna hit more than ten thousand this year. I'd
11:49
Speaker 3: rather be wrong enriched though, you know what I mean.
11:51
Speaker 3: But yeah, I think you're gonna follow kind of first,
11:54
Speaker 3: you know, I think you're gonna get you get seven thousand,
11:56
Speaker 3: maybe eight, you know, six to eight thousand, something like that,
12:00
Speaker 3: and you're gonna get your typical you know, bear market
12:02
Speaker 3: that you see. I mean, the staking ETF I'm excited about,
12:05
Speaker 3: but you're gonna have to hold it a few years
12:07
Speaker 3: to make amazing turn on it, I think right.
12:09
Speaker 1: Out of the thing other things that I want to
12:11
Speaker 1: hit on. Let's talk about bitcoin real quick, because we
12:13
Speaker 1: have seen dominance falling off if it starts to near
12:18
Speaker 1: that sixty point ratio again, is that where you see
12:23
Speaker 1: an entry into all coin season if you look at
12:25
Speaker 1: the bitcoin dominance.
12:27
Speaker 3: So yeah, I mean, I think what's even more important
12:30
Speaker 3: to look at than bitcoin dominance. I'm bearish on bitcoin dominance.
12:33
Speaker 3: But the other thing that could outperform alts, that has
12:36
Speaker 3: been outperforming alts other than bitcoin is ethereum. This is
12:40
Speaker 3: ethereum versus alls. Basically ethereum versus others. Look at what
12:43
Speaker 3: happened in twenty one April twenty one, right here, you
12:47
Speaker 3: had a bottom and then you saw your top here
12:49
Speaker 3: and all started to perform. From August twenty one all
12:52
Speaker 3: the way to January of twenty two, they have performed
12:54
Speaker 3: now this same exact thing. Hair it was April of
12:58
Speaker 3: this year that bound out. So we're getting close to
13:01
Speaker 3: that point. If you get just a little bit more
13:03
Speaker 3: next two or three weeks eat versus aults, you get
13:06
Speaker 3: up to that point and then you come down into
13:08
Speaker 3: the end of the year for your kind of all
13:10
Speaker 3: season potentially starting from mid August to the end of
13:12
Speaker 3: the year. So that's what I'm looking at too.
13:15
Speaker 2: That would be your rotation. Yes, okay, I see, okay,
13:21
Speaker 2: all right.
13:22
Speaker 1: With that being the case, is there anything that you're
13:25
Speaker 1: watching right now on bitcoin in general? Or are you
13:27
Speaker 1: completely out of bitcoin right now?
13:30
Speaker 3: I don't care about bitcoin. I just wanted to be sideways.
13:33
Speaker 3: I would only get concerned if it crashed. We need
13:35
Speaker 3: Bitcoin to be sideways, so Eat takes the throne, and
13:37
Speaker 3: then we need to Eat to be sideways, so the
13:39
Speaker 3: all coins take the thrown. That's what we see every
13:41
Speaker 3: four years. Yeah, just having your repeat, all.
13:44
Speaker 1: Right, Evan, Let's get into Solona because that's the other
13:46
Speaker 1: one that everybody's watching right now below one eighty. This,
13:50
Speaker 1: of course is the market terminal calls from what we
13:52
Speaker 1: saw with Trump and Powell. Where is Solona going to
13:57
Speaker 1: go right now?
13:58
Speaker 2: What's your thought?
14:00
Speaker 3: Solana is pretty good. I don't know if it'll outperform
14:03
Speaker 3: eth right now. I think it could bleed a little
14:04
Speaker 3: bit more against Eth. But you have a really rare
14:08
Speaker 3: bullish sign right here trigger wave on your three week
14:11
Speaker 3: kind of simwhat over here. This was October twenty three
14:14
Speaker 3: and you had a major rally upward. Now, I don't
14:16
Speaker 3: think it's going to be that crazy unless you think
14:19
Speaker 3: we're going all the way up to six hundred, which
14:20
Speaker 3: is possible by the end of the year. But my
14:22
Speaker 3: more reasonable target for you know, October end of year
14:25
Speaker 3: would be around this four hundred mark right around here.
14:29
Speaker 3: Short term, I think you can easily, you know, if
14:32
Speaker 3: you can break above where we had. Where we are,
14:33
Speaker 3: we're kind of rejecting from it, but I think you
14:35
Speaker 3: will eventually break above, you know, I'm looking at two
14:38
Speaker 3: sixty five hopefully by mid August that would be my
14:41
Speaker 3: kind of my goal, and then by mid September to October,
14:44
Speaker 3: i'd be looking at four hundred. So overall, very bullish
14:48
Speaker 3: on Solana. I think you could at least double into October.
14:51
Speaker 1: All right, so doubling up on Soul through October. Short term,
14:54
Speaker 1: I mean, these are kind of crazy numbers for most
14:57
Speaker 1: investors out there who are coming to our show from
14:59
Speaker 1: maybe the first time because they're used to trading on
15:02
Speaker 1: the stock market, which is maybe ten to twenty percent
15:05
Speaker 1: on an annual To see a one hundred percent move
15:09
Speaker 1: on any investment, whether it's the e Solana and others. Uh,
15:13
Speaker 1: these would be significant moves for a lot of investors
15:16
Speaker 1: kind of coming into crypto for the first time. If
15:18
Speaker 1: you look at Solana's launch pad right now, obviously continuing
15:22
Speaker 1: to see a significant amount of activity, and again these
15:27
Speaker 1: are other factors that could drive it into your point,
15:30
Speaker 1: you know, Evan, in terms of possibly going and doubling
15:33
Speaker 1: up to four hundred maybe with an all time high
15:36
Speaker 1: of around six hundred bucks. So it'll be interesting to
15:39
Speaker 1: see if this happens Slana floor hits on this because
15:42
Speaker 1: this is another you know, kind of bonus or for Solana,
15:45
Speaker 1: and that's Marinate Finance now becoming the first major staking
15:48
Speaker 1: protocol that's going to be coming in in terms of custody,
15:52
Speaker 1: and this is something for Salona ETFs.
15:54
Speaker 2: That is going to be very important.
15:56
Speaker 1: And of course that will be another factor if we
15:59
Speaker 1: start to see a charge into Salona ets that could
16:02
Speaker 1: drive the price as well.
16:04
Speaker 2: So check up on that.
16:05
Speaker 1: Let's comp over to XRP and of course this is
16:10
Speaker 1: Jack over here. He's talking about the fud with Chris
16:13
Speaker 1: Larson because there's been a lot of people speculating that
16:17
Speaker 1: Chris Larson was dumping on retail XRP tumbled significantly down.
16:22
Speaker 1: I think it was almost twenty percent if you go
16:24
Speaker 1: from its high to low, but back in and stabilized
16:27
Speaker 1: around three bucks. Where do you think XRP is heading
16:30
Speaker 1: right now?
16:32
Speaker 3: XRP is an interesting one, always an interesting chart. When
16:36
Speaker 3: you do take a look at it right here, you
16:39
Speaker 3: know you kind of got your correction off at this point.
16:41
Speaker 3: You're in a big area, so I do think you
16:43
Speaker 3: would hold to ninety right here if you zoom out
16:47
Speaker 3: a bit, just a big area. Pordinary to hold to ninety,
16:50
Speaker 3: and I think eventually, you know, my target into October
16:53
Speaker 3: would hopefully be around that four fifty mark. Maybe you
16:57
Speaker 3: can get up to six dollars. So that's kind of
16:59
Speaker 3: mitra actory. It tends to have its own kind of
17:03
Speaker 3: you know, price action. So it is a weird one
17:05
Speaker 3: to chart, but my gut tells me you should be
17:08
Speaker 3: able to hold the high twos here and continue forward.
17:11
Speaker 3: If you look at the sixteen hour, maybe wait to
17:13
Speaker 3: this trigger wave to form as you see your kind
17:15
Speaker 3: of vwop coming upwards, so you should see a bottom
17:18
Speaker 3: by the end of the month, you know, next four
17:19
Speaker 3: or five days, and then continuing forward. So you know,
17:23
Speaker 3: if you bought the dip right now. I think it
17:25
Speaker 3: should do pretty well at least up to four fifty
17:27
Speaker 3: in the next few months into end of the year.
17:29
Speaker 1: So yeah, so another nice move for XRP in the
17:32
Speaker 1: near term. Again, a lot of the people that hold
17:35
Speaker 1: XRP are looking at this is a very long term investment,
17:38
Speaker 1: and in many cases people are now starting to leverage
17:41
Speaker 1: against those, whether it's with loans, against digital assets.
17:43
Speaker 2: What There's a lot of.
17:45
Speaker 1: Banks now starting to look at being able to use.
17:47
Speaker 2: Crypto as collateral.
17:49
Speaker 1: So we will most likely see some significant moves going
17:52
Speaker 1: into that. Question is how does that play out into
17:55
Speaker 1: this next cycle.
17:56
Speaker 2: Do you think we'll see a full.
17:58
Speaker 1: On bear market for bitcoin ethereum where it retraces down
18:03
Speaker 1: fifty sixty, seventy percent or do you think those days
18:07
Speaker 1: are behind us?
18:10
Speaker 3: I think the only one that probably has hope of
18:12
Speaker 3: avoiding that would be bitcoin. But I still think you'll
18:15
Speaker 3: probably see the seventy k's sixty k's again at some point.
18:21
Speaker 3: You know, maybe based best case scenario eighty ks for ethereum,
18:25
Speaker 3: I think he got a good shot of it correcting
18:26
Speaker 3: at least seventy percent next year. That's generally you know
18:29
Speaker 3: what happens. Institutions are the number one thing that we
18:32
Speaker 3: would hope that keeps bitcoin hostable. Then again, you kind
18:35
Speaker 3: of hope it corrects because you want to get in cheaper.
18:38
Speaker 1: But yeah, good luck on that. Let's talk about some
18:41
Speaker 1: other tokens. One have been that just got listed over
18:44
Speaker 1: on Robinhood was h bar.
18:46
Speaker 2: That's Hdara. We've covered this before.
18:48
Speaker 1: We've had Mats Harmon on the show many times. Of course,
18:51
Speaker 1: that in itself has caused a little movement in general.
18:55
Speaker 1: When you think about hbar, what about the chart for
18:59
Speaker 1: h bar? Would you buy that token today?
19:02
Speaker 3: Yeah, I mean I think it looks better than most things,
19:05
Speaker 3: you know, a lot of strong price action. You're jumping
19:07
Speaker 3: up here. I think you got a really good shot
19:09
Speaker 3: of coming up to you know, forty two cents. So
19:12
Speaker 3: if you're at twenty five right now, that would easily
19:15
Speaker 3: be a double. When you look at the three week
19:17
Speaker 3: here trigger wave, it looks like you got a good
19:19
Speaker 3: shot of going up to like the forty two cent mark,
19:22
Speaker 3: and then I think you got a good shot of
19:24
Speaker 3: maybe even ninety cents and to the end of the
19:27
Speaker 3: year if you can break above this fifty seven mark.
19:30
Speaker 3: But even if you can just get fifty seven or
19:31
Speaker 3: sixty cents, it's still a double. So I think there's
19:34
Speaker 3: a lot of potential into the end of the year
19:35
Speaker 3: for this nice triggerwave for me in the twenty two
19:38
Speaker 3: hour right here, I think it's general dip buying area.
19:41
Speaker 3: So you know, it's one of those rare times in
19:43
Speaker 3: the market where it looks real good. So yeah, all.
19:46
Speaker 1: Right, so you've got to look at this listing and
19:49
Speaker 1: the listing that is incoming potentially would be this one
19:53
Speaker 1: right here, and that's Polygon. Now, Polygon is continuing to
19:58
Speaker 1: make some pretty interesting moves. There are some big announcements
20:03
Speaker 1: supposedly coming from Polygon, some of which you could look at.
20:07
Speaker 1: But this, of course is sand Deep talking about Courtyard
20:10
Speaker 1: Io and the project, apart from poly market as being
20:15
Speaker 1: one of the big ones with you know, Courtyard raised
20:17
Speaker 1: like thirty million. Even though it's not a lot of money,
20:19
Speaker 1: that's a lot for I think for a crypto company
20:22
Speaker 1: in general. But if you look at pollon Paul the token,
20:27
Speaker 1: what would you do with this one right now? Because
20:29
Speaker 1: this one has been deflated significantly.
20:33
Speaker 3: Yeah, I mean, you know, it's it's kind of the
20:35
Speaker 3: moral of the story, never marrying all a coin because
20:37
Speaker 3: sometimes they really you know, I don't look at the
20:40
Speaker 3: Mattic chart anymore because it gets too depressing because there's
20:43
Speaker 3: even much higher. But it looks good right now. You know,
20:45
Speaker 3: it looks good right now. You got a nice double
20:47
Speaker 3: bottom here. I mean, I think at minimum, you should
20:50
Speaker 3: easily be able to see forty cents into the next
20:54
Speaker 3: into October. Probably, I think you got a good shot
20:57
Speaker 3: of coming back to the you know, fifty cent mark
21:01
Speaker 3: at least, you know, and then potentially going higher if
21:04
Speaker 3: a lot of it's dependent on how good the news is.
21:06
Speaker 3: I think. I think that's the main thing that could
21:09
Speaker 3: kind of save this. So you know, I think you
21:11
Speaker 3: got easil easily a decent potential for two hundred percent,
21:15
Speaker 3: you know, three to four x for this up to
21:17
Speaker 3: that seventy five cent mark again and getting higher than
21:20
Speaker 3: we have it on this chart. You know, I wouldn't
21:22
Speaker 3: get overly too optimistic, but if you were to go
21:26
Speaker 3: higher in that a dollar sixteen is not out of
21:29
Speaker 3: the realm of possibilities. I think we've got to really
21:31
Speaker 3: wait to see what happens with the news.
21:32
Speaker 1: So, yeah, this is gonna be one. We have a
21:35
Speaker 1: whole theory around this. I won't mention it now, but
21:39
Speaker 1: which if you guys aren't subscribed to the show, we'll
21:41
Speaker 1: probably drop an episode specifically on what we think Polygon
21:45
Speaker 1: is going to do that could cause a significant move
21:50
Speaker 1: in the market. So make sure and subscribe right now
21:52
Speaker 1: if you also, if you have not subscribed to evans channel,
21:55
Speaker 1: jump over there. Here's Evan Aldo's channel right there. Clipping along. Man,
21:59
Speaker 1: you're gonna hit twenty k any minute, you might hit
22:02
Speaker 1: twenty Kay, yeah, today, let's do it, guys. Do let's
22:08
Speaker 1: take a pause right now, just hit subscribe right there.
22:10
Speaker 1: Get Evan all to over twenty k. All right, I
22:13
Speaker 1: got a good question for you, Evan. This is a
22:15
Speaker 1: either or okay, and which one would you choose right now?
22:21
Speaker 1: In terms of Arbitram, also big announcement on Chain with
22:26
Speaker 1: robin Hood becoming their robin Hood chain building on Arbitram,
22:30
Speaker 1: Arbitram likely to have a significant move. It has been
22:33
Speaker 1: somewhat but now we saw we're seeing some pretty significant
22:38
Speaker 1: inflows versus Avalanche. So Arbitram versus Avalanche, what would you
22:45
Speaker 1: play on these right now?
22:47
Speaker 3: I think if you want to take a little bit
22:49
Speaker 3: more risk, there's a lot of potential for Arbitrum. And
22:51
Speaker 3: the reason why is when we look at Arbitrum versus
22:55
Speaker 3: Avalanche right here, just so we want to realize, it's
22:58
Speaker 3: been down about eighty percent against Avalanche. You have money
23:02
Speaker 3: flow coming up for the first time in a long time,
23:05
Speaker 3: so there's potential for a big recovery here and may
23:08
Speaker 3: be able to outperform Avax by you know, two hundred
23:11
Speaker 3: percent in the coming few months or so. So if
23:14
Speaker 3: I wanted to take a little more risk, I would
23:16
Speaker 3: absolutely pick arbitrum.
23:18
Speaker 1: But all right, so risk arbitram Avalanche a little softer.
23:22
Speaker 1: Many people would say arbitram. If you look at theirs economics,
23:25
Speaker 1: they dump on people a lot throughout, So there is
23:28
Speaker 1: some of that play even though there is some good
23:31
Speaker 1: you know, signals on Arbitram obviously, the inflows, it's part
23:34
Speaker 1: of that. Avalanche has a lot going for it now
23:36
Speaker 1: because it has been kind of restructured. If you were
23:39
Speaker 1: able to get in somewhere around seventeen or eighteen, it
23:42
Speaker 1: might be a good play going up because there are
23:44
Speaker 1: some announcements coming in from Avax right now. If you
23:47
Speaker 1: look at Avax's chart, Evan, where would you would you
23:51
Speaker 1: enter right now on Avax. If you were like, hey,
23:54
Speaker 1: I like the ecosystem. I think they're on the move again.
23:58
Speaker 1: Would this be still a good entry point?
24:01
Speaker 3: Yeah, I think it is. I mean, when I look
24:03
Speaker 3: at the chart here, you know, it's a nice high
24:05
Speaker 3: or low here. I mean, I think it's inevitable that
24:08
Speaker 3: you're gonna at least get up to like forty five
24:11
Speaker 3: to forty eight right here at some point, you know,
24:14
Speaker 3: by October. So I think it's a pretty easy double
24:17
Speaker 3: in my opinion, at least. And I think I mean,
24:19
Speaker 3: I think if you can break above kind of like
24:21
Speaker 3: sixty dollars, you got a good shot of getting up
24:23
Speaker 3: to one hundred. Same thing with arbitrum. I mean, they're
24:26
Speaker 3: easily three to four x tokens, if not more so.
24:29
Speaker 3: A lot of potential here, definitely.
24:31
Speaker 1: One of the thing that happened this week was guess what,
24:34
Speaker 1: Justin Sun has entered the Wall Street Gang and he
24:37
Speaker 1: went in and rang the bell over there on Nasdaq.
24:40
Speaker 2: Obviously that's Tron.
24:41
Speaker 1: If you guys haven't tracked this one, I'll go over
24:43
Speaker 1: to Perpexility Finance right there. Tron incn kind of see
24:47
Speaker 1: their six month boom right there over just a little
24:49
Speaker 1: bit of the last sixty days, So big movement right now,
24:53
Speaker 1: but good thing. The point I'm getting at is this
24:55
Speaker 1: is still bullish signals. If you look at crypto now
24:58
Speaker 1: making its way on, we're seeing all the eight Treasury
25:01
Speaker 1: plays starting to heat up, institutional capital, the ETF playing
25:06
Speaker 1: in strong. It seems like a perfect setup between the
25:09
Speaker 1: eight run and the all coins coming in right behind
25:13
Speaker 1: it for liquidity measure. Do you think that's the play
25:16
Speaker 1: right now going forward?
25:19
Speaker 3: Yeah, I mean, definitely true. Yeah, I think you know,
25:22
Speaker 3: Eath's got a few more weeks about performing the all
25:25
Speaker 3: coins if it's like you know, twenty twenty one, and
25:28
Speaker 3: then probably mid August onward or whenever we see you know,
25:32
Speaker 3: I mean, I think we're going to see a correction
25:34
Speaker 3: from mid August to mid September, that's my guess. Then
25:37
Speaker 3: after that you're going to see your real halt season
25:39
Speaker 3: for one to three months something like that. Tron could
25:41
Speaker 3: easily double two or three x.
25:43
Speaker 1: I think, yeah, that's a that's one point we're getting
25:45
Speaker 1: at there, Evan, would you go ahead and exit if
25:48
Speaker 1: you were holding bitcoin today, would you go ahead and
25:51
Speaker 1: exit out of bitcoin at its current price around one
25:54
Speaker 1: fifteen to one seventeen or would you wait for it
25:57
Speaker 1: to try to clip up a little bit before you
26:00
Speaker 1: exited and entered into say repositioning or rebalancing in Eth
26:05
Speaker 1: and a handful of all coins.
26:07
Speaker 2: How would you play that?
26:09
Speaker 3: So, I think the best thing to do, And it
26:11
Speaker 3: depends on the risk tolerance. You know, if you wanted
26:13
Speaker 3: to take the lower risk comount, you'd you know, maybe
26:15
Speaker 3: take twenty to thirty percent out put it into Etherorum.
26:18
Speaker 3: I think Ethereum is the best one to go into
26:20
Speaker 3: right now. And then for all coins, I'd give it
26:23
Speaker 3: two to four weeks kind of looking at that sharp
26:27
Speaker 3: because Eth has really been out performing all coins, so
26:29
Speaker 3: I'd give it, yeah, two or three more weeks and
26:31
Speaker 3: then go more into all coins. So then maybe another
26:34
Speaker 3: ten percent of that bitcoin into all coins and then
26:37
Speaker 3: I mean, it really depends on your risk tolerance, but
26:39
Speaker 3: I think for myself, you know, you could go down
26:41
Speaker 3: to like fifty percent bitcoin, you know, thirty percent, twenty
26:44
Speaker 3: percent all coins. I think that makes a lot of sense. There.
26:46
Speaker 1: You go, all right, you guys stick around. We're going
26:48
Speaker 1: to have Evan back here in a couple of weeks.
26:50
Speaker 1: We're going to do a big portfolio analysis leading into
26:53
Speaker 1: the all coin season. So Evan, get your get your
26:55
Speaker 1: portfolio ready to talk about bagging in. All coin is
27:00
Speaker 1: getting ready for setups as we start to lead into
27:03
Speaker 1: the end of summer. And of course, like I said,
27:05
Speaker 1: subscribe to Evan's channel before you guys go. Evan, thanks
27:08
Speaker 1: for coming in on the show today. We appreciate it.
27:10
Speaker 3: Thanks so much. It's a pleasure.
27:12
Speaker 1: You bet all right, you guys, if you're not in
27:13
Speaker 1: the Diamond Circle, we have some big news for you,
27:16
Speaker 1: and that is that we are launching a brand new website. Yeah,
27:19
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27:22
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27:24
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27:26
Speaker 1: Diamond circle right now so at least you're kept up
27:28
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27:31
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27:34
Speaker 1: here on the Paul Baron Show.