Latest / The Paul Barron Crypto Show / Fed Ignites Crypto Rally?🚀Technical Analysis with Tim Warren
Transcript
- 0:00Speaker 1: Did the FED just reignite the rally. Today we're going
- 0:02Speaker 1: to break it all down with you, and of course
- 0:04Speaker 1: we're gonna have some trading with Tim. You guys are
- 0:06Speaker 1: gonna love it. Let's just get started. I do want
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- 0:16Speaker 1: do this as a business or as an individual. As
- 0:19Speaker 1: a business, there's.
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- 0:21Speaker 1: As an individual you can be trading almost immediately and
- 0:25Speaker 1: of course get into a lot of the activity that
- 0:27Speaker 1: is happening in the crypto space right now. Guys, we
- 0:31Speaker 1: are setting up for a big run and we're going
- 0:33Speaker 1: to tell you all about that today. Joining me, of course,
- 0:35Speaker 1: is mister Tim Warren coming in from Tim Warren Trades
- 0:39Speaker 1: over on YouTube check us channel out right here, you
- 0:42Speaker 1: guys can get it in there. I've got a ten
- 0:44Speaker 1: thousand dollars portfolio that you're featuring here still and then
- 0:49Speaker 1: this new four days ago, the ten thousand to buy now.
- 0:53Speaker 1: So interesting times right now as we start to lean
- 0:56Speaker 1: in a couple of points I want to lead off
- 0:58Speaker 1: with here, Tim is this right here, shorts got a
- 1:03Speaker 1: little or i should say a never short a dull
- 1:05Speaker 1: market because that equals getting rex. So now another one
- 1:08Speaker 1: hundred and fifty mil there in terms of crypto liquidation.
- 1:11Speaker 1: So this is crazy these times right now of how
- 1:15Speaker 1: the market is playing out with gold, we'll talk about gold,
- 1:18Speaker 1: but Bitcoin especially starting to come off mostly because of
- 1:22Speaker 1: the FED news. If you look at eleanor Terrat she
- 1:25Speaker 1: reported this of course as Governor Waller talking about them
- 1:29Speaker 1: announcing a central bank proposal which is a new skinny
- 1:33Speaker 1: master account. This is a big deal because this starts
- 1:36Speaker 1: to benefit a lot of these pseudo banks that could
- 1:39Speaker 1: come into this. This includes Custodia, Crack and Ripple Anchorage,
- 1:44Speaker 1: all of which have applied this year. You also have
- 1:46Speaker 1: chain Link as an oracle that could benefit from this.
- 1:49Speaker 1: So all of this happening very bullish for bitcoin. And
- 1:53Speaker 1: then Bitcoin starts its move with this right here, and
- 1:58Speaker 1: that is a liquidation of six point three percent. And
- 2:02Speaker 1: as we were talking pre show, April fifteenth, twenty thirteen,
- 2:08Speaker 1: was the last time we saw gold take this big
- 2:11Speaker 1: a dumb actually it was like nine percent on that day.
- 2:14Speaker 1: So what does this mean to bitcoin right now?
- 2:16Speaker 2: Tim? If you look at the.
- 2:17Speaker 3: Charts, yeah, I mean, what's undeniable? If you go back
- 2:21Speaker 3: and look at the trajectory of what bitcoin and gold do.
- 2:24Speaker 3: People love to talk about historical precedents, You don't have
- 2:26Speaker 3: to go that far. Just look at how we've been
- 2:28Speaker 3: performing this bull market so far. Every single time that
- 2:32Speaker 3: gold is running, bitcoin is either falling or trading sideways.
- 2:36Speaker 3: And every single time that bitcoin is running, gold is
- 2:39Speaker 3: falling or trading sideways. So when you look at those charts,
- 2:42Speaker 3: and I'm sure we're gonna look at them here on
- 2:44Speaker 3: the show, gold was dramatically crazy over bought. Today, I'm
- 2:49Speaker 3: getting a cell signal on the daily chart for gold,
- 2:52Speaker 3: as We're probably a day or two away from getting
- 2:54Speaker 3: a bi signal on bitcoin. But it looks like we're
- 2:57Speaker 3: already watching big, big, big bearsh candle on gold, right,
- 3:00Speaker 3: big bullishcandle on bitcoin. Does that mean the bottom's in?
- 3:04Speaker 3: We'll have to wait and see. I can't confirm that
- 3:07Speaker 3: just yet, but this is a very damning piece of
- 3:09Speaker 3: evidence to suggest the answer probably.
- 3:12Speaker 2: Is yes, do you okay?
- 3:14Speaker 1: So, with gold as where it is right now, this
- 3:18Speaker 1: is a six point three drop as we're recording this today,
- 3:21Speaker 1: is this is this the end of gold's run? Do
- 3:24Speaker 1: you think we retrace that back down below four k,
- 3:27Speaker 1: which is where some analysts have kind of pointed to,
- 3:30Speaker 1: and then hold at that position with everything that's happening
- 3:33Speaker 1: globally because you've got China trying to rebase on gold,
- 3:37Speaker 1: You've got the EU threatening that they are looking at
- 3:40Speaker 1: alternative assets, the only other Tier one asset being gold
- 3:44Speaker 1: outside the dollar.
- 3:46Speaker 2: Do you think this is it for the for the
- 3:48Speaker 2: gold bugs.
- 3:49Speaker 4: No, I don't think so.
- 3:51Speaker 3: But I would also say, like even during the last
- 3:53Speaker 3: couple of weeks and last month and two, I wouldn't
- 3:55Speaker 3: say it was the end for bitcoin either. As gold
- 3:57Speaker 3: took off since August and bitcoins pretty much been falling
- 4:00Speaker 3: since August. That doesn't mean bitcoin's dead and gone. It
- 4:03Speaker 3: means it was time for bitcoin to correct and it
- 4:05Speaker 3: was time for gold to take off. We're about to
- 4:07Speaker 3: shift back into a moment where it's time for bitcoin
- 4:10Speaker 3: to take off and it's time for gold to rest.
- 4:12Speaker 3: I do think we will probably see gold drop below
- 4:15Speaker 3: four thousand dollars an ounce, But does that mean we're
- 4:18Speaker 3: go see a massive crash and the top is in
- 4:20Speaker 3: for the whole bull market. I am, by no means
- 4:23Speaker 3: in a position to predict that the case. I think
- 4:26Speaker 3: this is a time for gold to consolidate, maybe have
- 4:29Speaker 3: a healthy correction. I know that sounds like oxymoronic statement
- 4:33Speaker 3: to call it a healthy correction, but anyone who knows
- 4:35Speaker 3: charts and knows markets knows higher highs and higher lows
- 4:38Speaker 3: are part of the game. Gold has just had a
- 4:41Speaker 3: massive run to set a higher high. It's time for
- 4:43Speaker 3: a higher low. That means price needs to correct, it
- 4:46Speaker 3: needs to consolidate. People are gonna roll some profits from
- 4:49Speaker 3: gold into other things. They're gonna make some money, and
- 4:51Speaker 3: then they're gonna come right back in a couple of
- 4:53Speaker 3: months and buy some gold, probably on sale or cheaper
- 4:56Speaker 3: than where they sold it.
- 4:58Speaker 2: This is crazy too.
- 4:59Speaker 1: I'm looking at that candle right now as we lead out,
- 5:02Speaker 1: still holding about five percent wicking now, that's right at
- 5:06Speaker 1: five points almost five point six percent right now. But
- 5:09Speaker 1: if you look at this, this is one of those
- 5:12Speaker 1: assets that really in comparison of this versus bitcoin. Let's
- 5:16Speaker 1: look at your bitcoin chart, because I'm kind of curious,
- 5:18Speaker 1: as you and I were talking about a possible one
- 5:21Speaker 1: hundred k sweep that could happen here.
- 5:23Speaker 2: Before this run is over. Show me what you're talking about.
- 5:28Speaker 4: Yeah, so we'll start here.
- 5:29Speaker 3: I'm on the four hour chart at first, so clearly
- 5:31Speaker 3: very good looking four hour chart. You can see here.
- 5:34Speaker 3: I was actually told in my audience we had a
- 5:35Speaker 3: four hour Celston last night. I have a a Paul,
- 5:37Speaker 3: I haven't gotten to show you this yet. I have a
- 5:39Speaker 3: new indicator actually we're building within our community.
- 5:42Speaker 4: Love it.
- 5:42Speaker 3: It pinpoint my strategy perfectly. But you can see when
- 5:45Speaker 3: you look at this new osclator, we clearly had those
- 5:47Speaker 3: reversal dots coming in. We had the great dot, we
- 5:50Speaker 3: had negative money flow. Look at how we hit on
- 5:52Speaker 3: this indicator coming right down here towards the bottom of
- 5:56Speaker 3: my smart trail. Now we're getting a bounce, mostly because
- 5:59Speaker 3: one of the biggest Now we're going accelerating very fast here.
- 6:02Speaker 3: But this morning got a nice little by signal from
- 6:05Speaker 3: this one hour chart. So really cool stuff.
- 6:06Speaker 4: Here.
- 6:07Speaker 3: Here's the reason though, that I think you have to
- 6:09Speaker 3: be aware and potentially worried about one thousand dollars one
- 6:14Speaker 3: hundred thousand dollars mark for bitcoin. It has to do
- 6:16Speaker 3: with coming way out towards the weekly chart. You can
- 6:20Speaker 3: see here weekly chart back in August, it gave us
- 6:23Speaker 3: a cell signal, we had bearish divergence, which is our
- 6:26Speaker 3: reversal indicator. Instead of being a triangular dot. We got
- 6:29Speaker 3: barish divergence. We had gray momentum, we had negative money flow.
- 6:33Speaker 3: It doesn't have to the word isn't have to, but
- 6:36Speaker 3: it's very rare to not get down at least close
- 6:39Speaker 3: to this smart trail. You can see the last couple
- 6:41Speaker 3: of times has happened. We're talking about back in March
- 6:44Speaker 3: April of twenty twenty five, after we had a cell
- 6:46Speaker 3: signal in January. We're talking about when we hit it
- 6:48Speaker 3: back here in August of twenty twenty four, after geting
- 6:51Speaker 3: a cell signal back here in April, and then the
- 6:53Speaker 3: other time before that cell signal back in here in
- 6:56Speaker 3: July of twenty three, we hit that smart trail down
- 6:58Speaker 3: there as well. So we're tracking this and this camp
- 7:00Speaker 3: between one hundred thousand and ninety eight thousand right now
- 7:04Speaker 3: is a zone that I just can't rule out of
- 7:07Speaker 3: this time. There's a lot of signs on smaller timeframes.
- 7:10Speaker 3: The bottom could be in news wise, it suggesting that
- 7:13Speaker 3: the gold chart suggesting it. But I was telling you
- 7:15Speaker 3: before the show, you and I have been around this
- 7:18Speaker 3: game long enough. We've seen this song and dance where
- 7:20Speaker 3: you get this moment of positivity and you start to
- 7:23Speaker 3: get some hope, only to turn over once again. And
- 7:27Speaker 3: that's something that we're gonna need to watch here. And
- 7:29Speaker 3: the reason why is because even though we broke some
- 7:31Speaker 3: structure right, I had this red trending line of resistance
- 7:35Speaker 3: that we stayed beneath with so many touches.
- 7:37Speaker 4: We broke it right. So that's a good sign.
- 7:40Speaker 3: But when you look at it structurally, we have a
- 7:43Speaker 3: higher high up here in October sixth where we broke
- 7:46Speaker 3: above one hundred and twenty five hundred and twenty six
- 7:47Speaker 3: thousand dollars. Then we had a little pop up here
- 7:50Speaker 3: after that October tenth crash, we got back up to
- 7:52Speaker 3: one hundred and sixteen thousand. We set a lower low.
- 7:56Speaker 3: Well guess what, right now, even after all this rally
- 7:59Speaker 3: on bitcoin, we're still below one hundred and fourteen thousand.
- 8:02Speaker 3: We haven't gotten back up above one hundred and sixteen thousand.
- 8:05Speaker 3: We're technically still setting what's called a lower high and
- 8:08Speaker 3: lower low, or in other words, a bear trend, and
- 8:11Speaker 3: what I want to see is I want to see
- 8:13Speaker 3: Bitcoin break above. Let's get some added volume. Mean, the
- 8:16Speaker 3: whales are confirming the by Let's get a higher high
- 8:20Speaker 3: and I'll feel a lot better about this dump on
- 8:23Speaker 3: the seventeenth being the bottom of this move.
- 8:26Speaker 4: One reason to be a little optimistic.
- 8:27Speaker 3: Though you talked about how we're liquidating shorts right now,
- 8:31Speaker 3: we haven't even gotten to the big stuff yet.
- 8:33Speaker 4: Liquidation wise, yes.
- 8:34Speaker 3: There was a little bit right in this range, but
- 8:36Speaker 3: the big stuff is happening. Guess where up here towards
- 8:39Speaker 3: that high around one hundred and sixteen to five. Can
- 8:42Speaker 3: we keep the snowball rolling? Can we make that push?
- 8:45Speaker 3: Can we take out those liquidations? We probably have some
- 8:47Speaker 3: form of a pullback, but a higher low comes in.
- 8:50Speaker 3: I feel a lot better after that chunk is taken
- 8:52Speaker 3: out about a potential move towards new highs. But again,
- 8:56Speaker 3: we haven't done it yet. And as long as this
- 8:58Speaker 3: weekly chart is not giving me a buy signal just yet,
- 9:02Speaker 3: this weekly chart here, you can see there's nothing in
- 9:05Speaker 3: here telling me we're time to buying the weekly Until
- 9:07Speaker 3: I see that, I'm a little skeptical. Good news though
- 9:10Speaker 3: this is what I'm looking at here. Good news is
- 9:13Speaker 3: on the daily chart if it loads for us. We
- 9:14Speaker 3: do have the reversals in play, We have the bullet divergence,
- 9:18Speaker 3: We do have the green dot that money flow you
- 9:20Speaker 3: can see is turning over. We could be a day
- 9:24Speaker 3: or two away from that money flow saying, you know what,
- 9:25Speaker 3: now we're positive and all of a sudden, we're flowing
- 9:28Speaker 3: back to the upside. That could be the momentum. We
- 9:29Speaker 3: need to confirm it, but I'm gonna wait a couple
- 9:31Speaker 3: days before I say it with my chest at the
- 9:34Speaker 3: bottom is in for certain good sign though we talked
- 9:37Speaker 3: about how gold and bitcoin trade kind of almost inversely.
- 9:40Speaker 3: We are getting a cell signal on the daily chart,
- 9:42Speaker 3: red reversal, gray dot, negative money flow coming on the
- 9:46Speaker 3: daily job daily chart here for gold. So it's one
- 9:51Speaker 3: of those things.
- 9:51Speaker 4: Are you a risk taker?
- 9:52Speaker 3: Risk takers have already bought all of their bitcoin, and
- 9:55Speaker 3: they've already sent to themselves the bottoms in. I'm good
- 9:57Speaker 3: to go, and they might be right if you're waiting
- 9:59Speaker 3: for confirmation. We don't have it quite yet, but we're
- 10:02Speaker 3: extremely close.
- 10:04Speaker 2: Yeah.
- 10:04Speaker 1: Well, and you've got a couple other things happening right now.
- 10:07Speaker 1: Black Rock drawing and a little bit of the whale action.
- 10:09Speaker 1: And there's a couple of reasons why bitcoin holders now
- 10:12Speaker 1: shifting funds into ETFs. This is coming from the July
- 10:16Speaker 1: rule change that we saw for tax free inkinme bitcoin transfers.
- 10:19Speaker 2: So again, three billion so far.
- 10:21Speaker 1: If you look at the moves right now, that's the
- 10:24Speaker 1: weekly ETF inflows right now on the bitcoin ETFs coming in.
- 10:28Speaker 1: So seems like we might be at the edge of
- 10:31Speaker 1: something here that could be on point for what you're
- 10:35Speaker 1: talking about, which is possibly a big reversal or I
- 10:38Speaker 1: should say move into one sixteen. I want to go
- 10:41Speaker 1: to a clip real quick because this will kind of
- 10:44Speaker 1: flow into whether or not this is a tradeable correction
- 10:47Speaker 1: because the last one we had was in April.
- 10:49Speaker 2: Take a look, but.
- 10:50Speaker 5: On in a short term basis, this is probably the
- 10:52Speaker 5: first time since April that I think we had maybe
- 10:55Speaker 5: a tradable correction, and it would be those three things
- 10:58Speaker 5: you mentioned first, the China US trade tensions. We're kind
- 11:01Speaker 5: of walking towards this, you know, deadline. The markets may
- 11:04Speaker 5: get nervous around that. And by the way, it's a correction,
- 11:06Speaker 5: it's not like we're going back to where we were
- 11:08Speaker 5: in April, but you know, a ten percent correction would
- 11:10Speaker 5: feel pretty nasty. The second reason would be we get
- 11:12Speaker 5: funding market stress, which, by the way, that Chair Powell
- 11:15Speaker 5: talked about last week. That's one of the reasons why
- 11:17Speaker 5: we may you know, MQT a little bit earlier next year,
- 11:21Speaker 5: because we're starting to see a little bit of funding stress,
- 11:23Speaker 5: which is essentially the bank reserves are maybe a little
- 11:25Speaker 5: bit too low for the liquidity weding, not just for
- 11:27Speaker 5: the financial markets, but now for this economy, which I
- 11:30Speaker 5: think it could be booming next year. So those are
- 11:32Speaker 5: two reasons I think we could see some corrective activity
- 11:34Speaker 5: in near term. I don't think it derails our core
- 11:36Speaker 5: view on the rolling recovery.
- 11:39Speaker 1: Rolling recovery interesting statement there coming in so other things
- 11:44Speaker 1: that you could say would fuel that is how the
- 11:47Speaker 1: FED reacts. And now we're starting to see this, which
- 11:51Speaker 1: is possibly seventy five basis points by the end of
- 11:54Speaker 1: the year. So this would include a fifty hit and
- 11:58Speaker 1: then another quarter possibly in decemi or flip them around
- 12:00Speaker 1: a quarter now in a fifty in December. But getting
- 12:03Speaker 1: to that would be significant because that would suggest that
- 12:07Speaker 1: the market pricing would go down to four and a
- 12:10Speaker 1: quarter in terms of the Fed fund rate, this.
- 12:12Speaker 2: Is a big deal.
- 12:13Speaker 1: Speaking of that, in terms of institutions, you got van
- 12:17Speaker 1: X filing for a staked eth ETF, so this starts
- 12:19Speaker 1: to really accelerate. We already have and have talked about
- 12:22Speaker 1: the potential of ETF starting to flow. We just had
- 12:25Speaker 1: the Gray Scale guys on this week. They think this
- 12:27Speaker 1: is a slam dunk. We're going to see more of
- 12:29Speaker 1: it happening much faster, which is going to open up
- 12:32Speaker 1: institutional but also even retail to a certain extent, because
- 12:36Speaker 1: they're going to look at this almost like a dividend.
- 12:38Speaker 1: If you're looking at ethereum right now trading above it.
- 12:42Speaker 1: I think it just hit forty one hundred as we're
- 12:44Speaker 1: filming here. How would you play eth right now?
- 12:48Speaker 2: Tim? What would you do?
- 12:50Speaker 4: Well?
- 12:50Speaker 3: This was another one again What am I doing right now?
- 12:53Speaker 3: I'm going to sit and watch for a second because
- 12:55Speaker 3: I bought back here at thirty seven hundred. I think
- 12:57Speaker 3: one of the videos you show to my channel was older.
- 13:00Speaker 3: So I think the one, the ten thousand dollars portfolio
- 13:02Speaker 3: video that's from a couple months ago, but the other
- 13:05Speaker 3: one I just made the other day.
- 13:06Speaker 4: How I would spend ten thousand. Right now.
- 13:08Speaker 3: We talked about different dips to buy a couple of
- 13:10Speaker 3: different coins. One of them we bought a Theorum at
- 13:13Speaker 3: thirty seven hundred because of that key support. Clearly good decision.
- 13:17Speaker 3: We're back up here. What do I want to see? Ooh,
- 13:20Speaker 3: this looks a little different, though I checked on it yesterday.
- 13:23Speaker 3: Green reversal Bullshmentum, Paul, that looks to me. Let's lay
- 13:27Speaker 3: out this closes. But that looks to me right there
- 13:29Speaker 3: like positive money flow coming back into this space. That
- 13:32Speaker 3: would be a daily b signal right there. And again
- 13:34Speaker 3: you take a look at the last couple of times
- 13:36Speaker 3: we had these daily bisignals. We go back here to
- 13:38Speaker 3: ever twenty eighth. Pretty good little run there right here
- 13:41Speaker 3: on September eighth, Pretty good little run right here on
- 13:45Speaker 3: August sixth, pretty good run. So I mean that right there,
- 13:49Speaker 3: you still have some space. This would suggest the smart
- 13:52Speaker 3: drill alone. Again, I think we go higher than this.
- 13:54Speaker 3: The smart droll alone suggests somewhere here between forty three,
- 13:57Speaker 3: forty four hundred and forty five hundred. But we're still
- 14:00Speaker 3: tracking something. I've showed your channel here before, this channel,
- 14:05Speaker 3: this falling channel.
- 14:05Speaker 4: That we had a little bit of a scare.
- 14:07Speaker 3: When I say scare, we had a little bit of
- 14:08Speaker 3: a hope breakout back here, false breakout. We had a
- 14:11Speaker 3: wig come down below, but we close all the candles above.
- 14:14Speaker 3: This is still a bullflag pattern. This bull flag pattern
- 14:18Speaker 3: is projecting the next big wave for ether. If we
- 14:21Speaker 3: follow this big explosion, we're talking about a move on
- 14:25Speaker 3: Ethereum over the next let.
- 14:26Speaker 4: Let's say, let's say six months.
- 14:28Speaker 3: I don't want to make this projection like it's going
- 14:30Speaker 3: to be end of year, but eighty six hundred is
- 14:33Speaker 3: still on the table there. I think there's some more
- 14:35Speaker 3: interesting levels between five and six that probably will see
- 14:38Speaker 3: some volatility and some movements there. But I still think
- 14:42Speaker 3: Ethereum has a room for a very big upside move. Obviously,
- 14:45Speaker 3: Tom Lee does. Institutions are stacking while others are fearful.
- 14:50Speaker 3: I mean, again, the opportunity riding here. Look at the
- 14:53Speaker 3: volume on this little scare. Look at the volume coming
- 14:56Speaker 3: in down here. This was a time period where where
- 14:59Speaker 3: a lot of retail freaked out and somebody, my guess
- 15:02Speaker 3: is whales and institutions had the stones to buy extremely
- 15:06Speaker 3: cheap because they knew this was the last great chance
- 15:09Speaker 3: to go all in on ethereum before massive upside potential.
- 15:13Speaker 1: Well, you've got a lot of things happening that continue
- 15:16Speaker 1: to be very positive. Crypto in general, ETH of course
- 15:18Speaker 1: is going to be a big beneficiary to this, especially
- 15:21Speaker 1: around US well stable coins in general. And now that
- 15:25Speaker 1: we've got the FED saying hey, we're going to do
- 15:27Speaker 1: these skinny master counts, we're going to open up payments
- 15:29Speaker 1: in a bigger way. This of course is going to
- 15:31Speaker 1: be a big advantage for ETH and even to a
- 15:34Speaker 1: certain extent, Polygon because of just the payment capability. So
- 15:37Speaker 1: there's some potentials here for a lot of different projects
- 15:42Speaker 1: to get some movement. Solon is another one seven months
- 15:46Speaker 1: strong now for Salona futures.
- 15:48Speaker 2: This looks really good again.
- 15:50Speaker 1: We had Gray Scale talking about this as well on
- 15:53Speaker 1: this week and that was what was going to have
- 15:56Speaker 1: a better strength in terms of this ETF run in,
- 16:00Speaker 1: and he still thought we were going to get some
- 16:02Speaker 1: ETFs approved even if the government doesn't come back. Is
- 16:05Speaker 1: it going to be Solana or is it going to
- 16:07Speaker 1: be XRP on an ETF side of things, Do you
- 16:11Speaker 1: have an opinion on that? Which one do you think
- 16:14Speaker 1: will run better as any as any better.
- 16:17Speaker 4: Which one will come first?
- 16:18Speaker 1: You mean run better when they when they land. Do
- 16:21Speaker 1: you feel like Solana will outperform inflows in that say,
- 16:24Speaker 1: first thirty days.
- 16:27Speaker 3: That's a good question, you know. I'm gonna give kind
- 16:29Speaker 3: of an answer that it doesn't really give the fullness.
- 16:31Speaker 3: But when I have conversations with people Paul about crypto
- 16:36Speaker 3: that these are outsiders. So like, obviously we talk crypto
- 16:38Speaker 3: every single day on my channel. You talk crypto every
- 16:40Speaker 3: single day in your channel. We understand the crypto lingo.
- 16:43Speaker 3: But I'm talking about people that are not really in
- 16:45Speaker 3: the crypto community, but the start talking about it.
- 16:49Speaker 4: Believe it or not.
- 16:50Speaker 3: I hear way more outsiders talking about XRP than Solana,
- 16:54Speaker 3: which makes me think, and this is nothing Slona, because
- 16:56Speaker 3: I think solan has got a very big upside. I
- 16:57Speaker 3: think the more education that happens for the everyday user
- 17:01Speaker 3: people are gonna love Salana. But right now, people in
- 17:04Speaker 3: the trad file space people just invest passively. They don't
- 17:07Speaker 3: think about it. I've been asked by at least ten
- 17:09Speaker 3: different people in my life, Tim, do you think buying
- 17:12Speaker 3: XRP right now is good? No one has ever asked
- 17:15Speaker 3: me do you think Solon is a good buy right now.
- 17:17Speaker 3: That's not a crypto person. But I've been asked by
- 17:19Speaker 3: ten people who do not talk about crypto all day
- 17:22Speaker 3: every day, they ask me, is XRP a good bye
- 17:24Speaker 3: right now? Which means in that trad FI community, in
- 17:28Speaker 3: that non crypto but kind of warm up crypto community,
- 17:30Speaker 3: Xrp's got a big name still display it's almost a crypto.
- 17:33Speaker 3: People kind of moved on from it, acting like, oh,
- 17:35Speaker 3: it's not gonna make it. That's not how TRADFI is
- 17:37Speaker 3: viewing it. Trad fise still very.
- 17:39Speaker 2: Excited exactly well.
- 17:41Speaker 1: And the point being is that anytime you have these
- 17:43Speaker 1: cult like communities like the XRP army, et cetera, these
- 17:47Speaker 1: can transition quickly and start to cause these narratives that
- 17:51Speaker 1: are almost mean coin like moves, where especially if you
- 17:54Speaker 1: get any fuel underneath it, like what we're seeing with
- 17:57Speaker 1: these master accounts, which will be good for Ripple.
- 18:00Speaker 2: But the other thing.
- 18:00Speaker 1: That came in on this is that usually the asset
- 18:04Speaker 1: that does well in the future side of thing is
- 18:07Speaker 1: the one that does well on the ETF Solana has
- 18:11Speaker 1: held that up, so there is a good balance here. Listen, Yeah,
- 18:16Speaker 1: it's the good thing is both these are the institutions.
- 18:19Speaker 1: Both sides are gonna like it. We may see more
- 18:21Speaker 1: of a win on the retail side. To your point
- 18:24Speaker 1: with XRP, speaking of that, you put this out, polymarket
- 18:28Speaker 1: launches a fifteen minute up down crypto prediction. Marcus. This
- 18:31Speaker 1: of course is powered by chain Link. We know how
- 18:33Speaker 1: this is all tied in.
- 18:34Speaker 2: So what's your point here?
- 18:37Speaker 1: I mean, are you saying chain link is over sold?
- 18:40Speaker 1: Is it undervalued right now?
- 18:43Speaker 2: What is your what's your Oh?
- 18:45Speaker 3: Yeah, this is a massive, big win for chainleak again
- 18:48Speaker 3: as they continue to integrated into all these big things.
- 18:51Speaker 3: This is a chain Link is over sold story that.
- 18:54Speaker 3: This is another major major use case polymarket changing the
- 18:58Speaker 3: game worldwide about people being able to bet on current events,
- 19:02Speaker 3: betting on sporting events, betting on political outcomes, everything else.
- 19:07Speaker 3: Multi futuristic, multi trillion dollar business is what polymarket could
- 19:12Speaker 3: be because it's going to give access to people who
- 19:15Speaker 3: want to bet on this type of stuff, way more
- 19:17Speaker 3: availability versus right now. I mean it's only in the
- 19:20Speaker 3: last couple of years most states in the United States
- 19:22Speaker 3: have been allowed to bet on sports. Polly Market's going
- 19:25Speaker 3: all in. You can bet on just about anything you
- 19:27Speaker 3: can find someone willing to wager the other side of that.
- 19:31Speaker 4: Betting is a big game.
- 19:33Speaker 3: So this can be really huge for chain Link, really
- 19:35Speaker 3: huge for polymarket, huge for everybody.
- 19:37Speaker 1: Okay, all right, so I want to line up three charts.
- 19:40Speaker 1: I want you to start with Solana because we just
- 19:42Speaker 1: saw the strength of what's happening in the future side.
- 19:45Speaker 2: Okay, and let's go.
- 19:46Speaker 1: Ahead and throw chain Link in there, and even XRP,
- 19:49Speaker 1: and I want to stay with that group. Tell me
- 19:52Speaker 1: where you think Solana, XRP, and chain Link will be
- 19:56Speaker 1: end of year.
- 19:58Speaker 3: Oh man, I have to updating this because every time
- 20:01Speaker 3: we start to get some sort of a bid, someone
- 20:04Speaker 3: has to come and poop on the party.
- 20:06Speaker 4: You know.
- 20:06Speaker 3: I was not surprised by this move to one seventy one, obviously,
- 20:09Speaker 3: just surprised by the speed of it. We had a
- 20:12Speaker 3: rising channel. I figured we'd get a bearish breakout. What
- 20:15Speaker 3: we're gonna be looking for, though, is is gonna be
- 20:17Speaker 3: where do we get these by signals coming in and
- 20:19Speaker 3: very close This one's on Solana, very close to what
- 20:21Speaker 3: bitcoins looks like.
- 20:22Speaker 4: We're getting a nice bid here.
- 20:24Speaker 3: Over the last couple of days, a short little daily
- 20:27Speaker 3: chart would suggest back to two twenty four. But that's
- 20:29Speaker 3: this is something I see happy in November. I think
- 20:32Speaker 3: what I be watching at is probably these higher levels. Uh,
- 20:35Speaker 3: probably some, I think. I think we could see Solona
- 20:38Speaker 3: vying for all time highs here, getting back up above
- 20:41Speaker 3: two hundred for sure, getting of and pushing for three
- 20:45Speaker 3: hundred dollars per coin. I think some of the bigger
- 20:48Speaker 3: moves could continue to happen in Q one, but here
- 20:51Speaker 3: I'll look at one more. Here weekly chart could give
- 20:53Speaker 3: us a little bit more of an insight into a
- 20:56Speaker 3: futuristic thing. Yeah, we have some resistance at two sixty.
- 20:58Speaker 3: You can see we usually we usually stretch it a
- 21:00Speaker 3: little bit more. Let's let's say the cloud I'm gonna
- 21:02Speaker 3: go right here. I think that by the end of year,
- 21:06Speaker 3: the high end potential for Solana right now, barring a
- 21:10Speaker 3: massive run because retail jumps in the boat as well
- 21:12Speaker 3: as institutions, which I don't think will happen just yet,
- 21:15Speaker 3: I think three to fifty is possible. I think getting
- 21:17Speaker 3: up to this mid cloud on the weekly chart is possible. Yes,
- 21:21Speaker 3: we are currently under that Celton on the weekly chart,
- 21:23Speaker 3: but if other things start flowing, if Bitcoin flows up
- 21:25Speaker 3: and Ethereum flows up and Chanley flows up. Solana won't
- 21:28Speaker 3: be left out of the party, and so that would
- 21:31Speaker 3: be my high end potential. I'm gonna say somewhere between
- 21:33Speaker 3: two fifty and three fifty is where i'd pin a Solana.
- 21:37Speaker 3: I would say that would be my expectation for where
- 21:40Speaker 3: I think it could get to. With XRP, let'll go
- 21:43Speaker 3: switch and kind of flip over to here XRP. Let's
- 21:46Speaker 3: just start here with let's get above this resistance level again.
- 21:49Speaker 3: I mean, we had some fake outs up here, but
- 21:51Speaker 3: we're once again struggling with this resistance level.
- 21:53Speaker 4: Let's get back above it.
- 21:54Speaker 3: I'll feel a whole lot better, kind of similar to
- 21:58Speaker 3: what we were talked about before. We have some bullish diverg
- 22:00Speaker 3: we have a little bit of what looks like the
- 22:01Speaker 3: money flow is gonna flip back bullish for us. That's
- 22:04Speaker 3: only gonna be good enough on the daily chart to
- 22:06Speaker 3: let me feel somewhere around this mark two eighty three,
- 22:09Speaker 3: twenty four. I'll go with that weekly chart as well.
- 22:11Speaker 3: I think the weekly chart is gonna give us probably
- 22:13Speaker 3: a good indication between the weekly smart trail and the
- 22:16Speaker 3: mid level.
- 22:17Speaker 4: Let's say XRP end of year, summer between three.
- 22:19Speaker 3: Fifty and four to fifty is is where I would say,
- 22:23Speaker 3: I think that's reasonable. Not it's impossible to guarantee, but
- 22:27Speaker 3: I think that's a reasonable expectation.
- 22:30Speaker 4: Same with Chanelink.
- 22:30Speaker 3: I think I'm gona go in the same boat I
- 22:32Speaker 3: think Shaanelink. I actually depend when people are watching this.
- 22:35Speaker 3: I'm putting a video out today on chain Link, both
- 22:37Speaker 3: a short term price prediction and a longer term price prediction.
- 22:40Speaker 3: But I had this, I had the kind of a
- 22:42Speaker 3: similar thought going on the daily chart, very very close
- 22:45Speaker 3: to printing a buy signal for actually, no excuse me.
- 22:47Speaker 3: This is when we got the biascen on the daily chart,
- 22:49Speaker 3: but on a weekly chart, will go end of year,
- 22:52Speaker 3: let's go between twenty five twenty six dollars, And.
- 22:56Speaker 4: Well, that's not right what I had.
- 22:57Speaker 3: I had forty five forty five, And I think I
- 23:00Speaker 3: i'd said there was a chance on the higher end,
- 23:03Speaker 3: so we'll go like forty forty five dollars as my
- 23:05Speaker 3: higher end. But I also said, if we make a
- 23:07Speaker 3: similar type of run to what we did back here before,
- 23:12Speaker 3: it wouldn't be ridiculous to see like golden Pocket extension
- 23:15Speaker 3: from back in here, come up and hit towards sixty
- 23:18Speaker 3: three dollars.
- 23:20Speaker 4: I still believe Paul. I made a video.
- 23:23Speaker 3: Last week week before where I walked back some of
- 23:25Speaker 3: the price frictions in the sense of saying, you know what,
- 23:27Speaker 3: I think we're in a different bull market than I
- 23:29Speaker 3: was expecting. I didn't think the Fourier cycle was gonna
- 23:31Speaker 3: make it, but I thought we would see similar types
- 23:33Speaker 3: of explosiveness to pass bull markets. I think that's gone
- 23:37Speaker 3: until we see massive retail come back in institutions are
- 23:40Speaker 3: aoka with slow but sure higher highs, higher lows, nothing crazy,
- 23:45Speaker 3: take some profit, sell it off, buy low, go up,
- 23:48Speaker 3: go up, go up.
- 23:49Speaker 4: So for me it could take.
- 23:51Speaker 3: I still think Chanelink someday is going to be over
- 23:53Speaker 3: four hundred dollars per coin. Is that day in twenty
- 23:56Speaker 3: many five? Probably not? In fact, I'm pretty certain not
- 23:58Speaker 3: in twenty many five six, maybe, but I would be surprised.
- 24:02Speaker 3: I think realistically the best chance for a four hundred
- 24:05Speaker 3: dollars chain leak would be after several waves of higher
- 24:08Speaker 3: highs and higher lows, and probably sometime in an extended
- 24:11Speaker 3: bull run into twenty twenty seven or twenty twenty eight,
- 24:14Speaker 3: it'll happen. But with institutions controlling the game, controlling the charts,
- 24:18Speaker 3: they don't move as fast as retail. They're not as
- 24:21Speaker 3: they're not as volatile that they're gonna be very okay
- 24:23Speaker 3: with slow but steady higher highs and higher lows for
- 24:26Speaker 3: quite some time.
- 24:26Speaker 1: Yeah, and I think there are some things that can
- 24:29Speaker 1: get you know, these crazy viral moments. One of them
- 24:33Speaker 1: is Polymarket. You know, we were talking about it there,
- 24:35Speaker 1: but if you look at just this right here, when
- 24:38Speaker 1: you look at Polymarket, when it wins big, Ethereum wins
- 24:41Speaker 1: big because Polygon, of course, you know, riding in there
- 24:45Speaker 1: on ethereum.
- 24:47Speaker 2: This though, was a little bit.
- 24:48Speaker 1: Of tension between the Polygon team and the Eighth team,
- 24:51Speaker 1: including a metallic talking about but when Polygon itself is
- 24:55Speaker 1: not ethereum, it's kind of mind boggling that they're not
- 24:57Speaker 1: getting kind of the cred that's for them. I want
- 25:00Speaker 1: to go to a couple of clips and then I
- 25:02Speaker 1: want to get your opinion on Polygon, because this has
- 25:06Speaker 1: been a token that has been really repressed, and of
- 25:08Speaker 1: course the transition has all been done over on coinbase,
- 25:11Speaker 1: we still haven't got it relisted over on Robinhood. But
- 25:15Speaker 1: let's go to SOD through Mark Boyering.
- 25:17Speaker 6: The key here and we could see it from the
- 25:19Speaker 6: growth in this chart is payment provider volume in general,
- 25:23Speaker 6: and Polygon continues to increase, like very meaningfully forty nine
- 25:27Speaker 6: percent or quarter growth and very very significant.
- 25:31Speaker 2: Obviously a lot of payments and financial applications that are
- 25:35Speaker 2: using it.
- 25:36Speaker 4: I think there's there's quite a few more, all right.
- 25:40Speaker 1: So you saw the slide there that goes back into
- 25:42Speaker 1: the payments infrastructure and how fast that growth was, and
- 25:45Speaker 1: it ties into what the FED is doing around trying
- 25:47Speaker 1: to make this a more crypto friendly payment architecture. I
- 25:51Speaker 1: want to go to this next clip because this gets
- 25:53Speaker 1: into what's coming next for Polygon.
- 25:56Speaker 2: Take a look.
- 25:57Speaker 6: There's going to be a few additional payment providers that
- 26:01Speaker 6: we're going to see coming online that I think are
- 26:03Speaker 6: going to be really really important. A few announcements around
- 26:07Speaker 6: chains coming to the AG layer.
- 26:09Speaker 4: Is there any alpha you could share on that front?
- 26:11Speaker 6: Well, we'll see an announcement in the next month around
- 26:15Speaker 6: one of the biggest financial institutions in the world that
- 26:20Speaker 6: are working with one of their teams on launching a
- 26:23Speaker 6: chain on the aguilare I think that's the most that
- 26:26Speaker 6: I can say about that since it's not public yet,
- 26:28Speaker 6: but we'll let everybody know that the ag Layer's growth
- 26:33Speaker 6: is very real and a lot of assets will be
- 26:36Speaker 6: coming to the aglare as a result of that. One
- 26:39Speaker 6: of the key reasons why they're coming to the aguilare
- 26:41Speaker 6: is they want the interrupt ability right and we're actually
- 26:44Speaker 6: working very very close to with the team on making
- 26:46Speaker 6: that happen. So we're excited about that launch.
- 26:49Speaker 4: All right.
- 26:49Speaker 1: So that's that's Mark boy Run who's been on our
- 26:52Speaker 1: show this. He's a senior exec over at the Polygon
- 26:54Speaker 1: Lab side. This could be a big deal if we
- 26:57Speaker 1: get if we get a major bank that starts to
- 27:00Speaker 1: look at this, especially within the ag layer, because this
- 27:02Speaker 1: starts to change things for Polygon. I think the question
- 27:06Speaker 1: is is what are the charts shows, Jim, Are we
- 27:09Speaker 1: finally coming home on the ground or not.
- 27:12Speaker 3: The charts just show that people don't want to hold
- 27:14Speaker 3: onto this token. I mean, it's very interesting because you're right, like,
- 27:18Speaker 3: there's so much about Polygon from a fundamental standpoint that's like, man,
- 27:22Speaker 3: this should take off, but look at this chart. I mean,
- 27:24Speaker 3: there are very few cryptocurrencies that have a chart like
- 27:28Speaker 3: this where we have been NonStop and actually it's not
- 27:30Speaker 3: a good reputation there. It's a NonStop lower highs and
- 27:33Speaker 3: lower lows since December twenty one, right, we have not
- 27:35Speaker 3: put in a single higher high yet. And while technically
- 27:38Speaker 3: we put in a higher low back here, we really
- 27:41Speaker 3: for the most part have just been put in these
- 27:42Speaker 3: lower lows at the same time this whole period of time,
- 27:46Speaker 3: at least dating back here in July of twenty niney three.
- 27:48Speaker 4: What does this mean?
- 27:49Speaker 3: It means even with all the use case that that
- 27:52Speaker 3: poly market has, overall, people just don't want to hold
- 27:56Speaker 3: the token. The fundamentals need to keep being bullish, but
- 27:59Speaker 3: people need to decide, you know what polygon polygon formally narismatic,
- 28:05Speaker 3: Should I hold this in my wallet or not? If
- 28:07Speaker 3: people don't want to hold If there's constantly buying and selling,
- 28:10Speaker 3: buying and selling, buy and selling, but no one wants
- 28:12Speaker 3: to hold it, it's really easy for the price just
- 28:14Speaker 3: to stabilize and like, is this the new norm?
- 28:16Speaker 4: Like is polygon just gonna do this?
- 28:18Speaker 3: Is it gonna be one of the most utilized cryptos
- 28:19Speaker 3: in the world, But is an effectively a stable coin
- 28:22Speaker 3: because price just fluctuates between fifteen cents and twenty seven
- 28:25Speaker 3: cents per coin because it's constantly transitioning buy sell, buy
- 28:28Speaker 3: sell by cell. There's no long term holders, there's not
- 28:30Speaker 3: an overwhelming amount of buyers to sellers. That's what you
- 28:34Speaker 3: need to see fundamentally on the charts. There's two flossphs here.
- 28:38Speaker 3: We got a coin with great fundamentals that is dramatically low.
- 28:41Speaker 3: Are you a risk taker? Risk takers look at this
- 28:43Speaker 3: and say, you know what, there's like almost no downside
- 28:47Speaker 3: at this point. We've bottomed out and there's only upside
- 28:50Speaker 3: from here. But I think the traditional investor might look
- 28:53Speaker 3: at this and say they just can't catch a break
- 28:55Speaker 3: like this just is not a coin that screams at
- 28:58Speaker 3: me that I'm gonna make money on it holding long term.
- 29:01Speaker 1: I just think that the relationship with what's happening with
- 29:05Speaker 1: polymarket is going to benefit them, much like what's staking
- 29:09Speaker 1: those for eth You know, the question.
- 29:11Speaker 2: Is does it get a breakout? You know?
- 29:14Speaker 1: And will we see it happen is the real question.
- 29:18Speaker 1: So let's jump over to Arbitram.
- 29:20Speaker 2: Now.
- 29:20Speaker 1: The reason I've got this chart up this is the
- 29:23Speaker 1: number of assets right now that are tokenized on robin Hood. Okay,
- 29:27Speaker 1: now this happened in Europe four hundred and ninety three assets.
- 29:30Speaker 1: I'll see if I can scan down here to show
- 29:31Speaker 1: you guys, the efficiency of what this looks like right
- 29:36Speaker 1: here was one hundred and thirty bucks to cost, yeah
- 29:38Speaker 1: price to Robinhood in terms of what the operating costs
- 29:43Speaker 1: are to do these kinds of tokenizations. So this is
- 29:46Speaker 1: going to happen in the United States soon. Arbitram has
- 29:49Speaker 1: been the chain selected for this. When you look at
- 29:52Speaker 1: the Arbitram chart, how would you play this one out?
- 29:56Speaker 3: Tim Yeah, around as long as Polygon, so you know
- 30:02Speaker 3: you can't give it the same kind of you know,
- 30:04Speaker 3: crap that you give Polygon. But it's not a great
- 30:07Speaker 3: looking chart either. I'll tell you this, Bass, which is
- 30:10Speaker 3: not even a crypto, has stolen all the thunder from
- 30:13Speaker 3: these layer two. It's like the only good layer two
- 30:15Speaker 3: on Ethereum price wise would be Base because how much
- 30:18Speaker 3: is using And it's not a it's not a coin,
- 30:19Speaker 3: it's a it's a stock because you can buy it
- 30:21Speaker 3: through Coinbase.
- 30:22Speaker 4: But I will say there's a little bit of a
- 30:24Speaker 4: bid here.
- 30:25Speaker 3: This is a falling a pretty clean falling channel overall,
- 30:27Speaker 3: if you catch a nice bid to the upside, we
- 30:30Speaker 3: should see a big breakout.
- 30:32Speaker 4: If I can grab this tool correctly, there we go.
- 30:33Speaker 4: We should see a big breakout to the upside.
- 30:35Speaker 3: Once we break this yellow line, we could we could
- 30:38Speaker 3: skyrocket here, back up towards two dollars here, So let's
- 30:41Speaker 3: get some positive momentum. Let's break that resistance. What are
- 30:44Speaker 3: we seeing right now in the charts weekly chart? Very close,
- 30:47Speaker 3: I mean rounding oscillator right there. You can see there
- 30:49Speaker 3: what clearly was a nice cell signal up top on
- 30:51Speaker 3: the weekly chart would have been a great time to
- 30:53Speaker 3: sell during this pullback. But I'm going to assume this
- 30:56Speaker 3: is one the daily chart probably is okay, not quite
- 30:59Speaker 3: a bye, very hosted to being a buy right there.
- 31:02Speaker 3: Keep an eye on a nice little trade opportunity here
- 31:05Speaker 3: at least back up here towards forty one cents. If
- 31:07Speaker 3: that weekly chart catches a bid now of a sudden,
- 31:10Speaker 3: we're running back up towards resistance at sixty one. Break
- 31:13Speaker 3: that yellow line, and we're making a move towards two dollars.
- 31:16Speaker 3: Maybe again, based on what you said in the news,
- 31:18Speaker 3: maybe this is a chance for AR finally to make
- 31:21Speaker 3: a big push. But ultimately, again, this is a This
- 31:25Speaker 3: is one of those charts that it's like, let me
- 31:26Speaker 3: see some life come back into it, because it has
- 31:29Speaker 3: been a constant high or high higher level traders love it.
- 31:31Speaker 3: I mean, I can show you right here, if you
- 31:33Speaker 3: use this indicator, you would know right when to buy,
- 31:36Speaker 3: right when to sell. You could make a whole lot
- 31:38Speaker 3: of money on this type of a chart. The question
- 31:40Speaker 3: at this point would be can you make money holding
- 31:42Speaker 3: it long term?
- 31:43Speaker 6: Right?
- 31:43Speaker 3: I wouldn't call it safe some of the other plays
- 31:45Speaker 3: that I have out there, but there's a chance. There's
- 31:47Speaker 3: absolutely a chance.
- 31:48Speaker 1: Yeah, well, I mean, you know, and that's the other thing.
- 31:50Speaker 1: If we get into these markets, the real question is
- 31:52Speaker 1: is how do you play twenty twenty six.
- 31:54Speaker 2: We're going to be doing a show on that.
- 31:55Speaker 1: Later in the year of strategies to set up for
- 31:59Speaker 1: whether it's tax loss harvesting, setting up some of the
- 32:01Speaker 1: assets long term holding in twenty twenty six. So you guys,
- 32:05Speaker 1: make sure and subscribe for that one.
- 32:08Speaker 2: Do that right now. Hit the subscribe button.
- 32:09Speaker 1: Of course, get over to Tim's channel and thank him
- 32:12Speaker 1: for coming on the show weekly. We'd love to have
- 32:15Speaker 1: you as a trader Tim, thanks so much for coming
- 32:16Speaker 1: in today.
- 32:17Speaker 4: We appreciate it absolutely. Thanks for having me, Paul.
- 32:20Speaker 2: You bet all right. You guys know what to do.
- 32:21Speaker 2: Get into the Diamond Circle. It's our free group.
- 32:23Speaker 1: It's available to you, absolutely easy to do. Hit the
- 32:27Speaker 1: link down below, follow me out there on X at
- 32:30Speaker 1: Paul Baron. We'll catch you next time right here on
- 32:31Speaker 1: the Paul Baron Show.
- 32:33Speaker 3: Thank