Latest / The Paul Barron Crypto Show / Government Shutdown Rally?📈Technical Analysis w/ Investing Broz
Transcript
- 0:07Speaker 1: A lot of news this week.
- 0:09Speaker 2: We're talking about a government shutdown, a CPI scare.
- 0:12Speaker 1: We'll break it all down for you, guys. You're gonna
- 0:14Speaker 1: love it.
- 0:14Speaker 2: My name is Paul Barrel. Welcome back in the tech path.
- 0:16Speaker 2: I want to thank our sponsor today, and that is
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- 0:51Speaker 1: Let's go into a.
- 0:52Speaker 2: Few things today, and I want to kind of lead
- 0:55Speaker 2: off here with this right here, and that is that
- 0:57Speaker 2: the House passes their funding bill. If you guys, I
- 1:00Speaker 2: don't know what this is, is simply this is the government
- 1:02Speaker 2: shutdown bill that was being reviewed and was being challenged
- 1:07Speaker 2: quite a bit, but the House got it through. This
- 1:10Speaker 2: is a big potential for us to see an easing
- 1:13Speaker 2: in DC. It looks like we will possibly get it
- 1:16Speaker 2: passed on Friday or before Friday. Friday deadline is the
- 1:20Speaker 2: I think it's midnight on Friday when it goes to
- 1:22Speaker 2: the Center floor and we'll see. I know that there's
- 1:24Speaker 2: still some shuffling around for the number of votes that
- 1:27Speaker 2: we need. I think it's sixty votes that are setting
- 1:28Speaker 2: it around fifty two right now, So there are going
- 1:31Speaker 2: to be some things to get this done. So this
- 1:35Speaker 2: is a big advantage because this is good for the
- 1:38Speaker 2: market in general. And then you know the other thing
- 1:40Speaker 2: that I want to get in around the shutdown. Actually,
- 1:43Speaker 2: I want to go to a clip real quick. This
- 1:44Speaker 2: will give you some more insights to it. Let's go
- 1:46Speaker 2: to this clip.
- 1:47Speaker 3: The House of Representatives has just approved a stop gap
- 1:50Speaker 3: spending bill that would keep the federal government open. NBC
- 1:53Speaker 3: News Chief Capital holl correspondent Ryan Nobles joins us, Now,
- 1:57Speaker 3: tell us what you're seeing and what's happening there and
- 2:00Speaker 3: why this matters.
- 2:02Speaker 4: Well, Nicole, it is very important that this passed and
- 2:05Speaker 4: in the form and fashion that it passed, because it's
- 2:07Speaker 4: now going to put Democrats in the United States Senate
- 2:10Speaker 4: in a difficult position as to how they're going to
- 2:12Speaker 4: handle the next stage of this negotiation. The bill ended
- 2:16Speaker 4: up passing in the House by a very slim margin
- 2:18Speaker 4: of two hundred seventeen to two thirteen, largely along partisan lines.
- 2:23Speaker 4: There was one Republican, Tom Massey of Kentucky who voted no,
- 2:26Speaker 4: but there was also one Democrat, Jared Golden of Maine,
- 2:29Speaker 4: who voted yes. Now it is going to be up
- 2:32Speaker 4: to the Senate to decide with finality whether or not
- 2:36Speaker 4: this stopgap spending bill is signed into law.
- 2:38Speaker 1: In his passed all right.
- 2:41Speaker 2: So you can see the point is is this Senate
- 2:44Speaker 2: showdown is what we're waiting on. In course, that will
- 2:46Speaker 2: be the question all the way into Friday as.
- 2:49Speaker 1: We go forward.
- 2:49Speaker 2: If it gets through, this will be another very bullish
- 2:52Speaker 2: sign for the market. Speaking of bullish, I want to
- 2:55Speaker 2: go to a clip here from Tom Lee, and then
- 2:57Speaker 2: we'll get into some tradings because you guys, I know
- 2:59Speaker 2: you're going to want to take a look at bit
- 3:00Speaker 2: Gooin and Ethan. We're going to do some charts, all
- 3:02Speaker 2: that good stuff here in a second, but let them
- 3:04Speaker 2: go to this clip real quick with Tom.
- 3:05Speaker 5: I think investors are, of course reacting to the White
- 3:09Speaker 5: House warning of pain ahead, but it has been more
- 3:12Speaker 5: of an equity sell off than it has been in
- 3:14Speaker 5: corporate bonds, so to us it, you know, four percent
- 3:18Speaker 5: down days?
- 3:18Speaker 1: Yeah, I think's an overreaction.
- 3:19Speaker 2: Yeah, how do you best explain that difference between what
- 3:22Speaker 2: equities have done and what we've seen in ig and
- 3:25Speaker 2: even high yield.
- 3:26Speaker 5: Well, I think on the stock side, markets are now saying, look,
- 3:31Speaker 5: the new regime is we have to take the tariffs seriously. Now,
- 3:34Speaker 5: we don't know how long these tariffs might be. Will
- 3:37Speaker 5: it hurt growth? And we've seen cuts from economists, But
- 3:41Speaker 5: the bond market is saying, well, you know what, this
- 3:44Speaker 5: is a growth scare. But the Fed is also now
- 3:47Speaker 5: in a position to begin cutting because inflation pressures are abating.
- 3:51Speaker 5: So I think the bond market is sort of pricing
- 3:54Speaker 5: in a Fed put, the stock market saying I'm not
- 3:57Speaker 5: sure if there's a White House put and then the
- 3:58Speaker 5: Fed's on, And I think that's the divergence.
- 4:01Speaker 4: So which one should we be listening to?
- 4:03Speaker 5: Well, I think the FED put infect is probably coming
- 4:05Speaker 5: back because the odds of a may cut have been
- 4:08Speaker 5: inching up. The hit fifty four percent yesterday, and in
- 4:11Speaker 5: fact total cuts hit three and a half cuts, which
- 4:13Speaker 5: is now two and a half or one and a
- 4:15Speaker 5: half more than the FEDS guided.
- 4:18Speaker 1: All right, so a lot of good stuff there. Of course.
- 4:20Speaker 2: Joining me now is mister Tim Moore coming in from
- 4:23Speaker 2: Investing Bros. Just as I kind of kick this off
- 4:26Speaker 2: before we get started, Tim, how are you doing okay?
- 4:29Speaker 6: Doing good? You know some of the news we just
- 4:31Speaker 6: watched it there. I was watching the first time. I
- 4:33Speaker 6: spent the morning on the greens hitting some golf, so
- 4:37Speaker 6: some of that was breaking for me. But tried to
- 4:39Speaker 6: keep up to date while I was out there. But
- 4:41Speaker 6: I'm very glad to be here, Paul. Good to be
- 4:42Speaker 6: with you again.
- 4:43Speaker 2: Yeah, make sure and check out Tim's channel, and that
- 4:46Speaker 2: is Investing Bros. Right over there. They are rocking it.
- 4:49Speaker 2: I loved the video you did of your one million
- 4:51Speaker 2: dollar crypto portfolio after taxes, which.
- 4:54Speaker 1: I thought was a cool one. You had some good
- 4:55Speaker 1: pass there.
- 4:56Speaker 6: So that's a cool new series we're doing. It's called
- 4:59Speaker 6: Rate My Portfolio and what people are doing is people
- 5:02Speaker 6: from our community are submitting their portfolios to our discord
- 5:04Speaker 6: and then we go in and we rate them. I
- 5:06Speaker 6: say it, this was mine. Here are the changes I
- 5:08Speaker 6: would make. And of course, of course we've been bleeding
- 5:11Speaker 6: during that series. But eventually those things are going to
- 5:14Speaker 6: be really cool. They're feedback on.
- 5:16Speaker 2: Yeah, for sure. All right, so we got to take
- 5:18Speaker 2: a look at a few things right now. CPI inflation
- 5:21Speaker 2: fell now to two point eight. This is below expectations
- 5:24Speaker 2: of two point nine. This is good news for the market. Course,
- 5:27Speaker 2: CPA also falls to.
- 5:29Speaker 1: Three point one. Expectations were three point two.
- 5:32Speaker 2: So it's the first decline that we've seen since July
- 5:35Speaker 2: of last year. So many people are saying, okay, well,
- 5:38Speaker 2: this is the indicator that Pal might be looking for
- 5:41Speaker 2: for fed Rake, good do you what do you think
- 5:43Speaker 2: is going to happen here? Just in a few days
- 5:45Speaker 2: when we see FOMC come in.
- 5:47Speaker 6: It's going to be very interesting to watch how this
- 5:49Speaker 6: plays out. I'm sure you've been tracking along with us.
- 5:52Speaker 6: You know, the data has been very misleading for years now.
- 5:56Speaker 6: I mean the amount of things that were just coming
- 5:58Speaker 6: out to manipulate how people felt about different issues. That's
- 6:01Speaker 6: all being cleaned up right now, we're realizing unemployment is
- 6:05Speaker 6: much more of a bigger problem than data we're showing
- 6:07Speaker 6: us last year. Same thing with inflation here, people both
- 6:11Speaker 6: behind the scenes have been tracking trueflation, which is probably
- 6:14Speaker 6: the more realistic representation of true inflation. It's been trending
- 6:18Speaker 6: down now for a while, so I think the mainstream
- 6:21Speaker 6: media is surprised that today's inflation numbers are coming in low.
- 6:25Speaker 6: But people who have been doing their due diligence tracking trueflation,
- 6:27Speaker 6: and now that data is being more reliable than coming out,
- 6:31Speaker 6: it's not being manipulated. It's not surprising that inflation's coming
- 6:34Speaker 6: in lower. And with that combination of seeing unemployment levels
- 6:37Speaker 6: be a little bit higher than we thought and inflation
- 6:40Speaker 6: being a little lower than we thought, well, that clearly
- 6:42Speaker 6: right there, with the Fed's dual mandate, tells them we
- 6:45Speaker 6: got to cut race, we got to prevent more job loss,
- 6:48Speaker 6: and inflation is not actually as big of a problem
- 6:50Speaker 6: as we were maybe thinking a month or two ago.
- 6:53Speaker 2: Yeah, I was looking here at the true flation numbers
- 6:56Speaker 2: one point three two. You see the fall off right
- 6:58Speaker 2: there that you're referencing, And I think that in adjacent
- 7:02Speaker 2: to what's going on in the market. This was another
- 7:04Speaker 2: tweet here by Kobeec that was interesting, and this is
- 7:08Speaker 2: market mentality. CPI inflation lower than expected, seal stocks, we're
- 7:13Speaker 2: entering a recession. CPI inflation higher than expected, sell stocks,
- 7:18Speaker 2: rake cuts are canceled, and then as expected sell stock's
- 7:21Speaker 2: inflation is not following.
- 7:23Speaker 1: It's like, come on.
- 7:24Speaker 2: The sentiment is very powerful, and I agree with that.
- 7:27Speaker 2: I think in general, when you look at the market,
- 7:29Speaker 2: it is one right thing. Let's go to bitcoin real quick,
- 7:33Speaker 2: and obviously this is I would say, very bullish news
- 7:37Speaker 2: for bitcoin. We saw a little bit of a recovery yesterday,
- 7:39Speaker 2: even though there was that early scare from Trump where
- 7:43Speaker 2: he was putting some more pressure on Canada. Bitcoin responded
- 7:46Speaker 2: almost immediately and then bounced right back yesterday. What is
- 7:50Speaker 2: your chart show right now on bitcoin in the near term.
- 7:54Speaker 6: Yeah, But before any of that news actually even came out,
- 7:57Speaker 6: we had kind of come up with a trade plan
- 7:59Speaker 6: in my commune, and I'll kind of lay that out
- 8:01Speaker 6: for you guys what I'm looking at right now. I
- 8:03Speaker 6: know I've been on the show before. If you guys
- 8:05Speaker 6: remember me from a couple of weeks or months ago.
- 8:08Speaker 6: I thought that ninety k was gonna hold way back
- 8:10Speaker 6: here in February. I was wrong, Okay, So we have
- 8:13Speaker 6: to deal with the new world that we're in where
- 8:15Speaker 6: we lost ninety k. And what's even worse is that
- 8:19Speaker 6: the ninety k region that was support for so long
- 8:22Speaker 6: for the moment, has become resistance. We had a little
- 8:25Speaker 6: bit of a breakthrough on March second and third, but
- 8:28Speaker 6: you can see we came right back down, came back
- 8:31Speaker 6: up tree that level was resistant. So that ninety k
- 8:34Speaker 6: region is going to be very very important in the
- 8:36Speaker 6: next couple of days, next week or so, something that's
- 8:40Speaker 6: very big. If you guys are been listening for the
- 8:42Speaker 6: last couple of months, going to a different chart here,
- 8:44Speaker 6: we kept talking about this CME gap that was formed
- 8:47Speaker 6: back in November. Well, guess what, guys, yesterday we officially
- 8:51Speaker 6: closed out that gap. It is no longer the big
- 8:54Speaker 6: selling pressure. However, I'm gonna show you why. I think
- 8:57Speaker 6: there's a chance, a slim chance, especially with this bullish news,
- 9:01Speaker 6: but still a chance at the bottom of this move
- 9:03Speaker 6: is not in yet. What I'm watching right now is
- 9:06Speaker 6: you're seeing some by signals come in on timeframes like
- 9:09Speaker 6: the daily and the two daily if you look back
- 9:11Speaker 6: here on the daily chart last week, we got a
- 9:13Speaker 6: green reversal on the lux Ago, a green momentum, and
- 9:16Speaker 6: positive money flow. Some of you don't know that strategy,
- 9:18Speaker 6: but this is my favorite strategy to buy and sell
- 9:21Speaker 6: these actops. If we get all the sell signals. Well,
- 9:24Speaker 6: we've had a little bit of a pullback here, but
- 9:25Speaker 6: that's not uncommon. I told my community, don't be surprised
- 9:28Speaker 6: to see a little bit of a gimmick, and we're
- 9:30Speaker 6: kind of reforming another push right now. If that ends
- 9:34Speaker 6: up being true, I'm gonna show you another chart as well.
- 9:37Speaker 6: But if that is it being true, the target that
- 9:38Speaker 6: I'm watching is going to be coming in here around
- 9:41Speaker 6: ninety one to potentially as high as ninety four thousand,
- 9:44Speaker 6: right back to these highs from early in March. What's
- 9:47Speaker 6: cool is a larger timeframe right now is giving us
- 9:49Speaker 6: a very similar by signal where if I zoom in
- 9:52Speaker 6: here on lux Ago, guess what green reversal, green momentum,
- 9:55Speaker 6: and that's positive money flow. Very similar targets. The lower
- 9:59Speaker 6: end though, is going to coming in here around ninety three,
- 10:02Speaker 6: higher end up here towards ninety seven. But as a
- 10:05Speaker 6: whole I like myself to kind of trade the lower
- 10:08Speaker 6: ranges and with the daily kind of being in that camp.
- 10:10Speaker 6: What I'm doing right now. We entered a trade the
- 10:13Speaker 6: other day just almost to the bottom. We entered at
- 10:16Speaker 6: seventy seven one hundred and twelve to be exact, but
- 10:21Speaker 6: you can see we went down about seventy six five hundred.
- 10:23Speaker 6: Didn't get the exact bottom, but got very very close.
- 10:26Speaker 6: This trade set up for me is going to look
- 10:28Speaker 6: something a little bit like this. We put our stop
- 10:30Speaker 6: loss I think down here at seventy four to eight.
- 10:33Speaker 6: We put our tape profit for now, kind of right
- 10:36Speaker 6: here in the middle of the zone, right about ninety
- 10:38Speaker 6: one eight, give or take where we're trading this right now. Now,
- 10:42Speaker 6: here's where we're gonna be moving. This is what I'm expecting, bullishly,
- 10:45Speaker 6: even before this bullish news came out. I think this
- 10:47Speaker 6: bullish news over the last couple of days is a
- 10:50Speaker 6: big reason why other people are gonna jump in on
- 10:53Speaker 6: a similar train here. But the problem that I'm watching
- 10:56Speaker 6: right now is this is what we're looking at the
- 10:59Speaker 6: next couple of days. When I zoom out a little
- 11:02Speaker 6: bit further, I want to go all the way out
- 11:03Speaker 6: to the two weekly chart and show you a concern.
- 11:06Speaker 6: Why I'm sitting here saying the bottom might not be
- 11:09Speaker 6: in yet. What happened about a week and some change
- 11:12Speaker 6: ago on the two weekly chart is I just showed
- 11:14Speaker 6: you the daily and the two daily by signals. Well,
- 11:17Speaker 6: on the two weekly chart, we had the exact opposite
- 11:20Speaker 6: confirm this last week red reversal barish momentum along with
- 11:25Speaker 6: bearish divergence, and then that money flow officially closed to
- 11:30Speaker 6: the downside. Well in the same way the bullish ones.
- 11:33Speaker 6: You trade up towards a red smart trail, if you're
- 11:35Speaker 6: above a blue smart trail, that is your target to
- 11:38Speaker 6: the downside. Guess where that's coming in. As we're leveling
- 11:40Speaker 6: out here right about seventy four thy one hundred, maybe
- 11:44Speaker 6: even as low as sixty five thousand. What's the coincidence
- 11:47Speaker 6: of those levels? What are those levels kind of signaling? Well,
- 11:49Speaker 6: Number one, that's almost perfectly the high from back in March.
- 11:54Speaker 6: Also kind of the highs we had way back in
- 11:56Speaker 6: May or April of twenty twenty one. With this, what
- 12:00Speaker 6: I'm kind of tracking. If I turn off lux, I'll
- 12:02Speaker 6: go and turn on my liquidations here for a second,
- 12:04Speaker 6: I want to go to the daily chart here, take
- 12:06Speaker 6: a look at where there's heavy long liquidations, meaning people
- 12:10Speaker 6: that are over leverage right now in a long position
- 12:13Speaker 6: on bitcoin. On the daily chart, there's a big stack
- 12:16Speaker 6: coming in down here around sixty five thousand. If I
- 12:18Speaker 6: go to the eight hour chart, there's a big stack
- 12:20Speaker 6: coming in here. Let me zoom out just a little bit.
- 12:22Speaker 6: There we go, come on load for me here it's
- 12:25Speaker 6: sometimes is a little bit dead. There we go, big
- 12:27Speaker 6: stack coming in right here around seventy four thousand. Right,
- 12:30Speaker 6: So those levels. The reason why I'm not ready to
- 12:33Speaker 6: declare the bottom is in yet is because of that
- 12:35Speaker 6: strong confident two weekly sell signal and those targets being
- 12:39Speaker 6: that low. You have to be ready for that downward move.
- 12:43Speaker 6: All right, But going back to my strategy, because this
- 12:45Speaker 6: is what I'm kind of getting into, and I'll throw
- 12:47Speaker 6: it back to you here, Paul, in a second, I'm
- 12:49Speaker 6: gonna be longing bitcoin in a long right now. I'm
- 12:51Speaker 6: gonna hold this long to about ninety one eight hundred
- 12:54Speaker 6: giver take then I will look for a reversal sign
- 12:58Speaker 6: of some kind, be a red resistance level on here.
- 13:01Speaker 6: There's gonna be liquidations of short position here I will
- 13:04Speaker 6: look to enter a short, putting a stop loss up
- 13:07Speaker 6: here towards ninety eight thousand dollars. And the reason why
- 13:11Speaker 6: is because this trajectory right now, this formation is a
- 13:14Speaker 6: bullish formation, but we're still putting in lower highs since
- 13:17Speaker 6: the high here. If we break above ninety eight thousand,
- 13:20Speaker 6: all of a sudden, Bitcoin for the first time since
- 13:23Speaker 6: January twentieth is breaking the lower low and lower high
- 13:26Speaker 6: structure that we've been in here, and that would mean
- 13:29Speaker 6: I'm gonna flip. I'm gonna get out of my short position.
- 13:31Speaker 6: I'm gonna take a small loss, and I will re
- 13:34Speaker 6: enter along as we make our way to new highs.
- 13:36Speaker 6: But again, if I'm right here and I'm not guaranteeing
- 13:40Speaker 6: I am, I think the bitcoin makes its way back
- 13:42Speaker 6: up a little bit of ninety k and then finds
- 13:44Speaker 6: a reversal once again, putting in some sort of lower high,
- 13:49Speaker 6: and then we'd make our trade back down here towards
- 13:51Speaker 6: seventy four thousand, give or take. I'll put my stop
- 13:53Speaker 6: loss again right up here at ninety eight. If I'm wrong,
- 13:56Speaker 6: all of a sudden good, I'll just re enter a
- 13:59Speaker 6: new long upside with a stop loss in place.
- 14:02Speaker 2: I like that strategy because it is one of those
- 14:04Speaker 2: things that kind of plays both sides of the markets,
- 14:06Speaker 2: and right now, I think trade, especially when you look
- 14:09Speaker 2: the volatility that was seeing. Trading, of course, is one
- 14:11Speaker 2: of the ways to do that. Let's go into fear
- 14:14Speaker 2: and greed. Because fear and greed, even though it's up slightly,
- 14:16Speaker 2: it was up from fifteen, but it's holding nineteen after
- 14:20Speaker 2: it dipped off the floor. There, Tim when you're looking
- 14:23Speaker 2: at all coins, because this is mostly what we're seeing
- 14:25Speaker 2: right now, a lot of bleeding in the all coin market.
- 14:28Speaker 2: Are you telling people to buy into all coins right
- 14:31Speaker 2: now as low as they are?
- 14:34Speaker 1: You know?
- 14:34Speaker 6: So from a long term perspective, if you do believe
- 14:37Speaker 6: in crypto long term the way I do, the way
- 14:40Speaker 6: you do, Paul, it's hard to not love the discount
- 14:44Speaker 6: prices you're getting here.
- 14:45Speaker 1: Yeah.
- 14:46Speaker 6: But if you're a shorter term like man, I want
- 14:48Speaker 6: to see Cardono do a two hundred percent gain by
- 14:53Speaker 6: next week, I'm not ready. Just like I cannot declare
- 14:56Speaker 6: officially the bottom of bitcoin is in yet, I also
- 14:58Speaker 6: cannot tell you confidently that that crypto and all coins
- 15:01Speaker 6: bottom is in yet. And one of the reasons why
- 15:03Speaker 6: is because of this chart right here that is just
- 15:05Speaker 6: continuing to be a little bigger in our side. This
- 15:07Speaker 6: chart is telling me the four year cycle is over.
- 15:09Speaker 6: So we got to watch some other things. We really
- 15:12Speaker 6: should have ended the bitcoin dominance supremacy back in the
- 15:17Speaker 6: end of November. Early December we got a little fake out,
- 15:19Speaker 6: like I almost looked genius there for a second, Paul,
- 15:22Speaker 6: because I told people in October, I said, don't be
- 15:25Speaker 6: surprised in early December we see an all season run. Well,
- 15:28Speaker 6: guess what. The bitcoin domits plummeted here early December, making
- 15:32Speaker 6: me feel like, man, Tim, you called that perfectly. And
- 15:35Speaker 6: then what has it done since then? It has gone
- 15:37Speaker 6: back up to new Hi's this cycle. Of course, back
- 15:40Speaker 6: here in February we got all the way up toward
- 15:42Speaker 6: above sixty four. What I had been tracking is since
- 15:46Speaker 6: that peak, we kind of had found a little consolidation
- 15:49Speaker 6: between about sixty percent and sixty two percent, And technically
- 15:52Speaker 6: we haven't broken and hell above sixty two percent yet,
- 15:55Speaker 6: but you're seeing we're kind of flirting with that right
- 15:57Speaker 6: now on my chart. As bitcoin domits lurks here, you
- 16:01Speaker 6: this is one of two sides you could say, hey, guys,
- 16:03Speaker 6: bitcoin dominance is high again. It's time it's better worth
- 16:07Speaker 6: our risk to go into all coins. What I'm sitting
- 16:10Speaker 6: here saying is I like confirmation before I make larger movements.
- 16:14Speaker 6: I'm not confident in saying all coin seasons ready to
- 16:17Speaker 6: go until we break below sixty percent. If we get
- 16:20Speaker 6: back below sixty percent, I'll feel more confident about saying, hey, guys,
- 16:23Speaker 6: I think all coins can start to make another run
- 16:26Speaker 6: another at season. This one may be sustainable, But as
- 16:29Speaker 6: long as it's Bitcoin dominance is trending to the upside
- 16:31Speaker 6: and flirting more with the higher end than the lower end,
- 16:34Speaker 6: you have to be concerned that this could make another
- 16:37Speaker 6: push back up towards sixty four to sixty five percent.
- 16:41Speaker 6: That doesn't mean all coins will plummet again. A lot
- 16:43Speaker 6: of times when you're seeing like this whole bullmarket so far,
- 16:46Speaker 6: I mean the bullmarket started way back in November of
- 16:49Speaker 6: twenty twenty two. Right the bitcoin dominance chart has been
- 16:52Speaker 6: climbing since then, so has most of the all coins,
- 16:56Speaker 6: putting in higher highs and higher lows. But right now,
- 17:00Speaker 6: anyone who's at bitcoin MAXI they look like they're very smart,
- 17:04Speaker 6: because bitcoin is still the best safest investment in the
- 17:06Speaker 6: crypto space. The question is just how long before this
- 17:09Speaker 6: shifts goes back down to the downside. That day is coming,
- 17:12Speaker 6: I just don't know when. So for now, no, I'm
- 17:15Speaker 6: not telling people to go all in on all coins.
- 17:17Speaker 6: I'm saying, if you believe in it, by the dips,
- 17:19Speaker 6: these are great prices, but I'm not about to promise
- 17:21Speaker 6: you at all coin season just yet.
- 17:24Speaker 2: Well, you've got a couple of things playing in the
- 17:25Speaker 2: market too. One is this whole supercycle concept that has
- 17:29Speaker 2: been presented. One is Trump's decides to dump the markets,
- 17:33Speaker 2: and he's doing this through a lot of different tool
- 17:35Speaker 2: sets from tariffs, et cetera. That creates the recession fears,
- 17:39Speaker 2: and of course that pushes the potential for cutting rates,
- 17:43Speaker 2: and if that happens, it's going to stimulate a bull market.
- 17:46Speaker 2: You put out a tweet here classic manipulation. So this
- 17:49Speaker 2: was an analysis on how billionaires manipulate crypto.
- 17:55Speaker 6: So he's referencing is I don't remember the exact window,
- 17:58Speaker 6: but there was a period a little bit last year
- 18:00Speaker 6: where Jamie Diamond put out a memo to his financial
- 18:03Speaker 6: advisors or to his people that buy up crypto, and
- 18:06Speaker 6: he said anyone caught buying bitcoin will be fired on
- 18:10Speaker 6: the spot. Right, that makes you say, and along with Commas,
- 18:13Speaker 6: Jamie Diamond has made he hates bitcoin. He's anti bitcoin.
- 18:17Speaker 6: Do not want bitcoin. If I hear that analysis, and
- 18:19Speaker 6: I'm a regular retail investor, I think, oh, man, Jamie
- 18:22Speaker 6: Diamond one of the richest companies, or Jamie Diamond jam
- 18:25Speaker 6: Morgan one of the richest companies in the world. He's saying,
- 18:27Speaker 6: do not buy it. He's willing to fire people over it.
- 18:29Speaker 6: I need to sell my bitcoin. This thing's about to crash. Well,
- 18:31Speaker 6: guess what The price went to the upside. And then
- 18:34Speaker 6: later it was found that wallet's belonging to JP Morgan
- 18:38Speaker 6: had bought within that same week. He told people he
- 18:41Speaker 6: would fire them. Now the prices are high, he removes
- 18:44Speaker 6: the threat. Okay, he no longer would fire people recommending bitcoin.
- 18:48Speaker 6: JP Morgan has a history for over one hundred years
- 18:51Speaker 6: of manipulating markets, paying the fines from the SEC and
- 18:54Speaker 6: other regulatory companies. But they realized, Man, they paid over
- 18:57Speaker 6: one hundred million dollars in fines, they probably profited more
- 19:00Speaker 6: than a trillion.
- 19:00Speaker 1: Dollars over the last hundred years.
- 19:02Speaker 6: From their manipulation, They're going to keep doing it. And
- 19:04Speaker 6: that's the kind of stuff I'm trying to warn people.
- 19:06Speaker 6: Don't look at what they say, watch watching.
- 19:09Speaker 1: What you do. I'll tell you, yeah, for sure.
- 19:12Speaker 2: Well, and I think this is the thing that we've
- 19:13Speaker 2: continued to say is as we get traditional finance in
- 19:17Speaker 2: the markets, like what we've been seeing over the past
- 19:20Speaker 2: twelve to eighteen months, it does change the dynamic. And
- 19:24Speaker 2: you even kind of hinted to this is the force
- 19:27Speaker 2: your cycle out the window. Now if you look at it,
- 19:29Speaker 2: when you compare the dominance of bitcoin and it's you know,
- 19:33Speaker 2: kind of yoyo position right now back to where it is,
- 19:36Speaker 2: it does seem to be very influenced by what we're
- 19:39Speaker 2: seeing in traditional finance.
- 19:40Speaker 1: Let's jump over to ETH.
- 19:42Speaker 2: Eighth's price has been continuously dropping post pariffs or tariffs,
- 19:47Speaker 2: and within this it looks like we've hit a pretty
- 19:51Speaker 2: critical support level. Many people are looking around fifteen hundred
- 19:54Speaker 2: dollars eight potential. What do you think, do you think
- 19:57Speaker 2: we are going to a fifteen hundred dollars eth or
- 19:59Speaker 2: do you think think it's gonna flip on us and
- 20:01Speaker 2: we're gonna see a move?
- 20:04Speaker 6: Yeah, you know, I'm learning more and more in this
- 20:07Speaker 6: bull market because before your cycle is dead because the
- 20:11Speaker 6: traditional moves, like the amount of fractals that people are
- 20:14Speaker 6: putting out there and saying, oh, well, back in this
- 20:17Speaker 6: time period, this did this, and there this time this
- 20:19Speaker 6: did this. I think people are getting wrecked. Myself included,
- 20:23Speaker 6: I've made some bad calls based off of historical fractals
- 20:27Speaker 6: and for your cycle analysis, yeah, you gotta throw that
- 20:29Speaker 6: out the window. And at this point, you know a
- 20:31Speaker 6: trader that I learned a whole lot from in my
- 20:34Speaker 6: early days. His name's Peter Brandt. I would recommend anybody
- 20:37Speaker 6: who's watching this show, or my show, or any show,
- 20:39Speaker 6: look at Peter Brandt. Is he right about everything? No
- 20:41Speaker 6: he's not, But he tweeted something last summer that I
- 20:45Speaker 6: just had to re remind myself. Technical analysis and investing,
- 20:49Speaker 6: you don't have a crystal ball. You never know what
- 20:52Speaker 6: exactly is gonna happen. But what you're trying to do
- 20:55Speaker 6: with technical analysis is find out the probabilities of the
- 20:59Speaker 6: possible abilities. And that's where we're at right now. Make
- 21:02Speaker 6: a firm prediction, you'll never be one hundred percent correct.
- 21:04Speaker 6: What you can do is you can look at the
- 21:06Speaker 6: charts and look at significant support and resistance, and then
- 21:09Speaker 6: you can analyze what's the probability of that support being
- 21:12Speaker 6: broken or the resistance being broken. So, for example, on Ethereum,
- 21:16Speaker 6: again you asked me a month ago, look at this
- 21:18Speaker 6: blue line here, Paul, that's a trending level of support.
- 21:21Speaker 6: I would have told you, hey, guy, and look at
- 21:23Speaker 6: the defense here too. I would have told you, guys,
- 21:26Speaker 6: twenty five hundred on ethereum, strong support. Why because it
- 21:30Speaker 6: was strong support, and for a couple of weeks it
- 21:32Speaker 6: actually worked as strong support, but then we've lost all
- 21:35Speaker 6: of it. And then I would have told you, hey, guys,
- 21:37Speaker 6: coming back to the lows we had last year around
- 21:40Speaker 6: September here on twenty one hundred, that would have been
- 21:42Speaker 6: a good level of support, and if you look right here,
- 21:44Speaker 6: we kind of wrestled with that again. But now, of
- 21:47Speaker 6: course we've dropped even lower. So you know, there are
- 21:50Speaker 6: people out there that get these predictions right. People can
- 21:53Speaker 6: get things right, people get things wrong. At this point,
- 21:55Speaker 6: I'm not about saying what I think definitely's gonna happen.
- 21:58Speaker 6: I'm about looking at the arts, looking at the possibilities,
- 22:02Speaker 6: and the probabilities and analyzing you know what could happen.
- 22:05Speaker 6: So what I'm gonna look at here, you're gonna see
- 22:07Speaker 6: kind of similar to Bitcoin. If I come in daily
- 22:10Speaker 6: and two daily charts, we're getting some bullish divergences. Right
- 22:12Speaker 6: even though the lows are be getting lower, the lows
- 22:15Speaker 6: on oscillators are getting higher. We don't have the bisyn
- 22:17Speaker 6: well yet on ethereum for the daily chart like we
- 22:19Speaker 6: do for Bitcoin, so that's not as bullish. But where
- 22:22Speaker 6: I'm keeping an eye on is these larger time frames,
- 22:25Speaker 6: and I'm saying, where are they showing me some support?
- 22:29Speaker 6: And at the moment, while we've lost the nineteen hundred
- 22:31Speaker 6: two thousand dollars support that could have started I think
- 22:34Speaker 6: fifteen hundred, in line with the lows we had from
- 22:36Speaker 6: October of twenty twenty three, you have to under you
- 22:40Speaker 6: have to open yourself up to the possibility that that
- 22:43Speaker 6: level is possible. I've seen some other analysts talking about
- 22:46Speaker 6: thirteen hundred the loads from back here in March. But
- 22:49Speaker 6: as a whole the other thing you're gonna kind of work.
- 22:51Speaker 6: Look at here, I'm gonna doing some classic Fibonacci retracement.
- 22:54Speaker 6: Now that we've lost this support level, Let's take a
- 22:57Speaker 6: look at where the golden pocket is gonna be sitting. Okay,
- 22:59Speaker 6: there we go, fifth teen hundred golden pocket. A very
- 23:02Speaker 6: normal pullback, even within a bull market, to pull back
- 23:05Speaker 6: down that far and then continue to the upside. I'm
- 23:08Speaker 6: not telling you, guys, one hundred percent ethereum is going
- 23:11Speaker 6: to fifteen hundred. But in the same reason why I
- 23:13Speaker 6: think there's a chance Bitcoin could rally the ninety k
- 23:16Speaker 6: and then fall back to seventy four. Could ethereum rally
- 23:20Speaker 6: back up, let's say, back towards twenty two to twenty
- 23:22Speaker 6: three hundred, giving people an illusion that the bull market's back,
- 23:25Speaker 6: and then fall to the fifteen hundred, that golden pocket level,
- 23:29Speaker 6: that strong support level, that two weekly If I show
- 23:32Speaker 6: you the two weekly suggested take profit level, could that
- 23:35Speaker 6: absolutely happen? Absolutely, that is on the table with something
- 23:39Speaker 6: you need to be ready for the possibility. And this
- 23:43Speaker 6: is another thing that people need to understand when they're investing,
- 23:45Speaker 6: when they're trading, just have a plan like that trade
- 23:49Speaker 6: set up that I showed you guys on bitcoin, where
- 23:51Speaker 6: I told you, well, long up to this and then
- 23:53Speaker 6: I'll enter short, but I'll put a take profit for
- 23:55Speaker 6: just case the price goes with higher. Have your plan
- 23:57Speaker 6: right now? What is your plan for if the bottom
- 23:59Speaker 6: is in? What is your plan for at the bottom
- 24:01Speaker 6: is not in? Where are your buy levels? Where are
- 24:04Speaker 6: your cell levels? Where are your stop losses? Say? If
- 24:06Speaker 6: it gets above this, I'm going super bullish. If it
- 24:09Speaker 6: gets below this, I'm going super bearish. Develop those plans
- 24:13Speaker 6: now and that way, nothing in this market will shock
- 24:16Speaker 6: you ever again. You'll sleep well at night. You'll make
- 24:18Speaker 6: money over the next couple of years, maybe not in
- 24:20Speaker 6: the next week.
- 24:22Speaker 2: Well, I think a lot of people are debating right
- 24:24Speaker 2: now because this is a many people would look at
- 24:27Speaker 2: this in the market and say, this is a great
- 24:29Speaker 2: time because we haven't seen all coins.
- 24:31Speaker 1: At this price before.
- 24:33Speaker 2: By the way, if you guys are not subscribed to
- 24:34Speaker 2: the show, make sure and subscribe right now and let
- 24:36Speaker 2: me know down in the comments if you think, would
- 24:39Speaker 2: you play an all coin right now, and if so,
- 24:42Speaker 2: drop in the all coin that you would probably invest in,
- 24:44Speaker 2: And would you go in and maybe wait for a
- 24:46Speaker 2: fifteen hundred dollars eighth could you get surpassed and it
- 24:49Speaker 2: you know, if eath goes above two k again and
- 24:51Speaker 2: makes a run because it is one of those contrarian
- 24:54Speaker 2: tokens right now, and then of course other news that
- 24:57Speaker 2: kind of hit and this is XRP, and I want
- 24:59Speaker 2: to take a look your chart here, but new integration
- 25:01Speaker 2: now XRP ledger is now live. They're announcing support for
- 25:05Speaker 2: XRP ledger on Layer one blockchain. This course is now
- 25:09Speaker 2: RWA assets. We've talked about this integration of putting XRP
- 25:15Speaker 2: on RBA. We talked about on one of the shows
- 25:17Speaker 2: and then lo and behold they did it. So kudos
- 25:20Speaker 2: saw everybody that was part of that. What do you
- 25:22Speaker 2: think about XRP right now? Is it a good position?
- 25:24Speaker 2: A lot of people are looking at this and saying, hey,
- 25:26Speaker 2: it's retraced off of that five X. Maybe now is
- 25:30Speaker 2: my chance to get into XRP.
- 25:33Speaker 6: So here's the question I said about it earlier, and
- 25:35Speaker 6: you kind of reiterated there. Here's what I would ask people.
- 25:38Speaker 6: Are you a contrarian trader or are you a momentum trader? Right,
- 25:43Speaker 6: if you're a contrarian trader, what I'm about to show
- 25:44Speaker 6: you an XRP you might say, yeah, I might not
- 25:46Speaker 6: sell my XRP, but I'm not looking to add any
- 25:48Speaker 6: more to it. You look at the ethereums and the
- 25:50Speaker 6: chain links and others. I put a tweet out the
- 25:53Speaker 6: other day. People that are not XRP fans are not
- 25:56Speaker 6: going to like this, But if you're an x RAP fan,
- 25:57Speaker 6: you'll love it. Show me a coin that's been around
- 26:01Speaker 6: for a while, like there's a couple of newer coins.
- 26:03Speaker 1: That are holding up peace.
- 26:04Speaker 6: Show me an old all coin holding up better than XRP.
- 26:08Speaker 6: This is the daily chart right here. And even though
- 26:10Speaker 6: we have lower highs coming in from the highs back
- 26:12Speaker 6: here in January. What about the support levels? Those are
- 26:15Speaker 6: higher support levels. We already showed you Bitcoin trending down,
- 26:19Speaker 6: Ethereum clearly trending down, Solana trending down, chain link trending down,
- 26:24Speaker 6: XRP trending side solidity. That green line of support has
- 26:31Speaker 6: been phenomenal. You know, other coins had support like this,
- 26:34Speaker 6: they just lost the support. XRP has held it. So
- 26:38Speaker 6: if you're a contrarian trader you like buying blood in
- 26:41Speaker 6: the streets, their XRP does not have blood. But if
- 26:44Speaker 6: you're a momentum trader, XRP is the coin for you.
- 26:48Speaker 6: It is showing you how strong it is. Right now.
- 26:51Speaker 6: And I'll be really simple with you guys here, I
- 26:53Speaker 6: still have I have two different breakout predictions for the
- 26:55Speaker 6: next couple of weeks, and then another one for the
- 26:57Speaker 6: next couple of years, just off technical analysis. So a
- 27:00Speaker 6: rising support level with a descending resistance level that's called
- 27:03Speaker 6: a symmetrical triangle pattern. That would give you a breakout
- 27:06Speaker 6: prediction here for XRP. This I'm gonna say probably the
- 27:09Speaker 6: next couple of months, somewhere around four to four dollars
- 27:13Speaker 6: and twenty cents. Okay, that's awesome. Some of you gonna
- 27:15Speaker 6: love just even a four dollars XRP. Not quite a
- 27:18Speaker 6: two X from here, but close to it, right yep.
- 27:21Speaker 6: But when you have a symmetric triangle pattern attached to
- 27:24Speaker 6: an explosive leg to the upside, this is what we
- 27:27Speaker 6: call a bull pennant, and a bull pennant, you take
- 27:31Speaker 6: the length of the flagpole, you move it over to
- 27:32Speaker 6: the last significant support level. This has a price prediction
- 27:35Speaker 6: up towards thirteen to fourteen dollars. Don't necessarily think you
- 27:39Speaker 6: have to get all the way there. You're gonna start
- 27:40Speaker 6: to look for other other situations kind of going on,
- 27:43Speaker 6: like maybe you want to use Fibonacci extension and a
- 27:45Speaker 6: lot of other things. I'm not gonna get into that
- 27:47Speaker 6: right now, but the overall perspective that I'm looking at
- 27:49Speaker 6: here is this chart still shows me massive potential for XRP,
- 27:54Speaker 6: and that also doubles with I'm one of these people
- 27:57Speaker 6: who sometimes I do show the other technical analysts, and
- 28:01Speaker 6: they only want to look at technical analysis, right. They
- 28:03Speaker 6: don't want to analyze market cap and the different momentum.
- 28:07Speaker 6: I love mixing the technicals with understanding of where things
- 28:11Speaker 6: can get fundamentally. It's like when my price cration videos.
- 28:14Speaker 6: I never do technical analysis to make my price predictions.
- 28:16Speaker 6: I do fundamental analysis. How rich can this coin get?
- 28:19Speaker 6: And XRP is a coin that's already number three of
- 28:22Speaker 6: all cryptocurrencies, do not be surprised to see it get
- 28:27Speaker 6: up in the world of five hundred to six hundred
- 28:30Speaker 6: billion dollars per market cap at least and the simple
- 28:33Speaker 6: I'd have to go back and look at my exact numbers,
- 28:35Speaker 6: but that mathematics, and we got a six hundred billion
- 28:37Speaker 6: dollars fis five and what is five times two dollars
- 28:42Speaker 6: and twenty two cents somewhere in that world of eleven twelve,
- 28:45Speaker 6: thirteen dollars area. So if you agree with that fundamental
- 28:48Speaker 6: analysis on XRP, that's going to tell you north to
- 28:52Speaker 6: ten dollars is on the table. I don't think XRP
- 28:55Speaker 6: is ready for a trillion dollar market cap anytime soon.
- 28:57Speaker 6: Give it, give it, give it five to ten years, right,
- 28:59Speaker 6: we'll get over trillion dollar market cap. But for now
- 29:02Speaker 6: twenty twenty six, twenty twenty seven, I think getting over
- 29:06Speaker 6: the half trillion dollar market cap for XRP very very doable.
- 29:10Speaker 6: It is what I'm expecting, and especially with recent news
- 29:13Speaker 6: coming out here with the more adoption of cryptocurrency and
- 29:16Speaker 6: XRP again getting a seat at the table at the
- 29:19Speaker 6: White House. People that are bears and XRP you got
- 29:23Speaker 6: to call them what they are. They're haters.
- 29:24Speaker 2: They're not thinking it is because even if it gets
- 29:27Speaker 2: to the half trillion dollar marker cap, I mean that
- 29:29Speaker 2: is set. Even if eth were a two X from here,
- 29:32Speaker 2: it would still flip beef and that would be a
- 29:35Speaker 2: significant move into the number two token behind bitcoin. This
- 29:39Speaker 2: is another thing too, that because I'm in the camp
- 29:42Speaker 2: with you right now, I believe XRP because and I'll
- 29:44Speaker 2: go back to my chart. As you said, you know
- 29:47Speaker 2: the sideways action, but one of the things within our
- 29:50Speaker 2: own trading indicator, this is one of the few charts
- 29:53Speaker 2: that you guys will see that though. Just look at
- 29:55Speaker 2: those green boxes right there. That basically is all the
- 29:58Speaker 2: sentiment that continues to fly. And this is the one
- 30:01Speaker 2: that has held over every other token out there. If
- 30:05Speaker 2: you look at Avalanche Solana, every one of them sideways,
- 30:08Speaker 2: even though right now the markets have been down. But
- 30:10Speaker 2: I think a lot of it back to the fundamentals
- 30:12Speaker 2: that you're talking about. However, I think XRP is going
- 30:15Speaker 2: to do something very surprising. Ripple is going to do
- 30:17Speaker 2: something very surprising that is going to be integrated, whether
- 30:21Speaker 2: it is r l USD and or some of the
- 30:24Speaker 2: advancement into RWA, which is why I'm so bullish on
- 30:27Speaker 2: this token and what it's going to do. So I'm
- 30:31Speaker 2: in agreement there. I'm not sure fourteen, but a lot
- 30:33Speaker 2: of people are definitely pushing for that ten dollars market.
- 30:36Speaker 2: If that does happen, nice move on another five X
- 30:39Speaker 2: for many of you, here's speaking of that Brad garling
- 30:41Speaker 2: House right here breaking This is Franklin Temple and they
- 30:45Speaker 2: filed their perspectus for an XRPETF. If this happens, this
- 30:51Speaker 2: would absolutely balloon this market cap because of the potential
- 30:56Speaker 2: for real investment level capital to make its way in
- 31:00Speaker 2: to ripple. And I think that is something that a
- 31:02Speaker 2: lot of people have not put on the table for sure.
- 31:06Speaker 1: Let's move on.
- 31:07Speaker 2: I want to go over to polka Dot twenty one
- 31:10Speaker 2: shares in greyscale. They filed for pok dot ETF filings.
- 31:13Speaker 2: They haven't been delayed. That's the only one of all
- 31:15Speaker 2: the ones that were delayed. Polka Dot was not delayed.
- 31:19Speaker 2: This is very intriguing now. Granted it was because of
- 31:21Speaker 2: when they place it, because it so early and long ago,
- 31:23Speaker 2: but what is your position right now in polka Dot?
- 31:26Speaker 2: I mean, with all this news of potentially polka dot
- 31:30Speaker 2: being the chain that Frank McCord and what they're trying
- 31:33Speaker 2: to do with the acquisition of TikTok, could we get
- 31:36Speaker 2: a social media platform on a blockchain like polka dot
- 31:40Speaker 2: and frequency? What are your thoughts on the chart for
- 31:44Speaker 2: polka Dot.
- 31:45Speaker 1: Man, it looks bad.
- 31:47Speaker 6: Yeah, And that's where again, if you're a contrarian trader,
- 31:51Speaker 6: maybe you sit here and say, you know what, I'm
- 31:52Speaker 6: looking across all of crypto. I want to buy what
- 31:55Speaker 6: looks like the losers because they might have the greatest
- 31:58Speaker 6: upside swing's case for a DOT investment. I'm gonna be
- 32:04Speaker 6: completely transparent with everybody here as I get this analysis.
- 32:07Speaker 6: I was in Dot a year ago. I think what
- 32:09Speaker 6: Dot built is a great thing. There are some big
- 32:13Speaker 6: issues on the charts and even some things within their
- 32:15Speaker 6: own team that I think Pocont's made some crucial mistakes
- 32:19Speaker 6: in this cycle, and I'm worried about their long term health.
- 32:21Speaker 6: But from a chart perspective, we'll talk charts here. That's
- 32:26Speaker 6: not a good chart, right, That is not a momentum chart,
- 32:29Speaker 6: very opposite of XRP. The fact that we're right back
- 32:32Speaker 6: down here to bear market lows all the way back
- 32:34Speaker 6: in October twenty eighty three. We're below the November December
- 32:37Speaker 6: lows of twenty niney two. This Dot kit catch a break.
- 32:41Speaker 6: The charts keep saying lower and lower. Could Dot pop
- 32:44Speaker 6: back up at least to eleven dollars? Absolutely? The truth is,
- 32:48Speaker 6: I don't think it's ridiculous to think that maybe Dot
- 32:51Speaker 6: makes a grander move at least back up to a
- 32:53Speaker 6: golden pocket. You know that this would still be barrassed.
- 32:55Speaker 6: But we're talking about twenty dollars Poka dot. Just some
- 32:58Speaker 6: quick math there, guys, goes back to twenty dollars and
- 33:01Speaker 6: you bought it right now, we're talking about a five
- 33:03Speaker 6: x like that's nothing to shake a stick at. My
- 33:06Speaker 6: question about pok dot where I used to be more
- 33:08Speaker 6: bullish on it, thinking we're gonna build some momentum, you know,
- 33:12Speaker 6: could we get to new all time highs? Can we
- 33:14Speaker 6: make it up here to the golden or to the
- 33:16Speaker 6: extension of Fibonacci to one point twenty seven or the
- 33:18Speaker 6: golden pocket extension. Could we get up here to one
- 33:20Speaker 6: twenty three hundred. I don't think so. I think that
- 33:24Speaker 6: that's kind of out of the cards. I would love
- 33:26Speaker 6: to be wrong for everyone who holds DOT. I do
- 33:28Speaker 6: not hold Dot anymore. But that doesn't mean I'm rooting
- 33:31Speaker 6: against Dot or hate anyone that holds that. I'm not
- 33:32Speaker 6: gonna fud it to try to get convinced people to
- 33:35Speaker 6: lose to sell all their DOT. I just have genuinely
- 33:38Speaker 6: real concerns about them from the chart and from fundamental perspectives.
- 33:41Speaker 6: But an ETF would help. It would bring more attention
- 33:44Speaker 6: to the space. I'll tell you this is my concern, Paul,
- 33:47Speaker 6: and I'll let you go with this one. I don't
- 33:49Speaker 6: know if you have inside information I don't have. I
- 33:51Speaker 6: think it's development. I think that the their development is
- 33:55Speaker 6: slowing down compared to other chains. They're losing momentum in
- 33:58Speaker 6: their growth, whereas other coins are picking up and getting
- 34:00Speaker 6: more and more being built. Can DOT research, can they regroup?
- 34:04Speaker 6: Can they get their developers back on track? Can they
- 34:06Speaker 6: get back to what made them special back in twenty
- 34:09Speaker 6: twenty one. I'm I'm not a fan of the concept
- 34:12Speaker 6: that coins that did well in twenty many one can't
- 34:14Speaker 6: do well now. Sure there are some dinosaurs that will flop.
- 34:17Speaker 6: That doesn't mean they have to Dot right now. To
- 34:21Speaker 6: me seems like one that could flop. But I would
- 34:23Speaker 6: love to be proven wrong. Let's get the fundamentals back
- 34:25Speaker 6: on track, let's get the charts back up, and we
- 34:27Speaker 6: can talk about a new ultime high later on. But
- 34:30Speaker 6: I don't see one.
- 34:30Speaker 1: Well, the one.
- 34:31Speaker 2: The one thing I would I would say, you know,
- 34:33Speaker 2: I'm not defending any all coin. Yeah, I look at
- 34:36Speaker 2: the I look at the scenario of what's playing out
- 34:39Speaker 2: of the market.
- 34:39Speaker 1: The one thing that.
- 34:40Speaker 2: Would change kind of the stars of Polka Dot is
- 34:44Speaker 2: this win on on TikTok. If if Frank McCord and
- 34:48Speaker 2: his team of now you know, you've got Kevin O'Leary
- 34:52Speaker 2: and there mister Bees, you know alexis so'honian.
- 34:55Speaker 1: All those guys are major players with lots of money.
- 34:58Speaker 2: If they pull the TikTok play off, frequency gets inserted
- 35:03Speaker 2: into the TikTok algorithm in the new one the US
- 35:06Speaker 2: technology stack, Polka Dot could immediately get response from that,
- 35:11Speaker 2: and that might give them the idea you're talking about,
- 35:14Speaker 2: which would be a development push to get them moving
- 35:17Speaker 2: in the right direction. So definitely a lot happening out there.
- 35:20Speaker 2: As I said, if you guys are not following Tim,
- 35:23Speaker 2: make sure and jump over to his channel. You can
- 35:26Speaker 2: find him over there at Investing Bros. On YouTube and
- 35:29Speaker 2: Tim thanks again for jumping in today.
- 35:31Speaker 1: We appreciate it absolutely.
- 35:33Speaker 6: Paul, thank you for having me again.
- 35:34Speaker 2: You bet all right, you guys are if you're not
- 35:36Speaker 2: in the diamond circle, get in right now. It's a
- 35:38Speaker 2: great place to get additional content from us and join
- 35:40Speaker 2: our telegram group. It is the place where me personally
- 35:45Speaker 2: will go in and chat with you guys, and I
- 35:46Speaker 2: love your comments great, thank you so much. Also love
- 35:49Speaker 2: your trade ideas. That's where you can do it in
- 35:51Speaker 2: our own private group down below.
- 35:53Speaker 1: We only have one.
- 35:55Speaker 2: Don't fall for any I'm not asking for anybody investing
- 35:57Speaker 2: anything or anything like that because there are a few
- 35:59Speaker 2: of those out there, so just keep your eye on that.
- 36:01Speaker 2: Use the link down below. You'll be safe and we'll
- 36:04Speaker 2: catch you next time right here on check mat