Latest / The Paul Barron Crypto Show / Tariff Deals Causing Rally?📈Technical Analysis w/ Evan Aldo ​

Transcript

Tariff Deals Causing Rally?📈Technical Analysis w/ Evan Aldo ​ · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today we'll be breaking down maybe the art of the
• 0:08
  Speaker 1: pump and what it might look like. My name is
• 0:10
  Speaker 1: Paul Barren. Welcome back in the tech path. Joining me today,
• 0:13
  Speaker 1: of course, is going to be mister Evan Aldo. He'll
• 0:15
  Speaker 1: be jumping in here in a second. Before we get started, though,
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• 0:51
  Speaker 1: All right, Joining me today, of course, is mister evan
• 0:54
  Speaker 1: Aldo coming in from abroad.
• 0:56
  Speaker 2: How are you, Evan doing amazing? Oh man, this is
• 1:00
  Speaker 2: one of the way once severy few years you get
• 1:02
  Speaker 2: it where bitcoin did not make a lower low s
• 1:04
  Speaker 2: and P five hundred naszek a crashing.
• 1:06
  Speaker 3: How can you not be bullish right now?
• 1:08
  Speaker 4: Yeah, that's a good sign right there.
• 1:10
  Speaker 1: Listen you guys, if you have not seen Evan Aldo's channel,
• 1:13
  Speaker 1: I want you to stop right now what you're doing.
• 1:16
  Speaker 4: I know you're thinking Evan Bear, Evan bull Evan.
• 1:20
  Speaker 1: Well, right now, you can find out what Evan's talking
• 1:22
  Speaker 1: about all the time by just subscribing to his channel.
• 1:25
  Speaker 1: Go over and just search Evan Aldo over on YouTube.
• 1:28
  Speaker 1: Crypto trading, market cipher tutorials. He's got all kinds of
• 1:31
  Speaker 1: cool things there if you want to get into trading
• 1:33
  Speaker 1: and understand how to do it, or just hey, sit
• 1:36
  Speaker 1: back and watch his trades.
• 1:37
  Speaker 4: That's a great thing to do.
• 1:38
  Speaker 1: So this first clip is talking about China's tariff retaliation.
• 1:43
  Speaker 5: Take a look if history is the guide and you
• 1:47
  Speaker 5: look at global trade rates, global trade numbers nineteen thirty
• 1:51
  Speaker 5: and then looked at nineteen thirty one. This goes to
• 1:53
  Speaker 5: the retaliatory issue that we're talking about here. Global trade
• 1:58
  Speaker 5: dropped in twelve months by sixty percent. That's the number,
• 2:04
  Speaker 5: that's the data. And so when you look and see
• 2:07
  Speaker 5: what the risk is that this all portends, which is
• 2:12
  Speaker 5: man made, completely self made. That's the risk in front
• 2:17
  Speaker 5: of us.
• 2:17
  Speaker 1: I was just looking at the S and P five hundred.
• 2:20
  Speaker 1: You can kind of see it right here, guys. It's
• 2:22
  Speaker 1: been falling off the cliff really since February the nineteenth,
• 2:25
  Speaker 1: which is where it reached its high at around sixty
• 2:27
  Speaker 1: one hundred. We are now one thousand points down on
• 2:31
  Speaker 1: the S and P five hundred. That is an insane falloff.
• 2:35
  Speaker 1: And for the fact that we've been able to hold
• 2:37
  Speaker 1: this position. We're going to chart bitcoin in a minute.
• 2:39
  Speaker 1: For Bitcoin to hold in this area while the S
• 2:42
  Speaker 1: and P is cratering like this. This is a very
• 2:44
  Speaker 1: interesting times ahead. One thing to look at, Evan, is
• 2:47
  Speaker 1: this right here? Trump says, China played it wrong. They panicked.
• 2:51
  Speaker 1: He says, the one thing they cannot afford to do
• 2:54
  Speaker 1: is panic And this is a thirty four percent tariff
• 2:58
  Speaker 1: that's had been imposed on US imports.
• 3:00
  Speaker 4: So what are your thoughts?
• 3:01
  Speaker 1: First of all, were you pro tariffs when you first
• 3:04
  Speaker 1: saw these?
• 3:04
  Speaker 4: What was your position?
• 3:07
  Speaker 2: You know, I'm pro tariffs in the sense that I
• 3:09
  Speaker 2: think it would likely bring inflation down, likely, which seems
• 3:13
  Speaker 2: like what Trump's trying to do likely bring inflation down,
• 3:16
  Speaker 2: likely have more rate cuts sooner, and likely inject more
• 3:19
  Speaker 2: money into the system. So I think you need to
• 3:22
  Speaker 2: be careful with tariffs. I think what Trump is doing
• 3:24
  Speaker 2: is let's go really hard and now let's try to
• 3:27
  Speaker 2: immediately negotiate after after you see that inflation. What's happening
• 3:30
  Speaker 2: now they're renegotiating with Vietnam and it's probably everything. With Trump,
• 3:34
  Speaker 2: I was obviously known to be up for negotiation, renegotiation,
• 3:38
  Speaker 2: so I think this could be one of those places
• 3:41
  Speaker 2: that kind of this is the peak fear for it,
• 3:43
  Speaker 2: and as Trump takes a cooler stance in the coming weeks,
• 3:46
  Speaker 2: then we'll see more negotiations and things get a little
• 3:49
  Speaker 2: bit lighter.
• 3:50
  Speaker 3: Yeah.
• 3:50
  Speaker 1: I mean it's interesting because if you do read the
• 3:53
  Speaker 1: art of the deal negotiation, getting to the negotiation table
• 3:57
  Speaker 1: is one of the first tactics that you utilize because
• 4:00
  Speaker 1: nothing can be done until you get both parties at
• 4:03
  Speaker 1: a table. Trump says, right now, every country called to
• 4:07
  Speaker 1: negotiate tariffs. So I don't know if this is true
• 4:10
  Speaker 1: or not, but if it is, if he's true, then
• 4:14
  Speaker 1: at least that part of it worked. Now, whether or
• 4:16
  Speaker 1: not we get a deal done and we have something
• 4:18
  Speaker 1: that can subside a lot of this pressure on the markets.
• 4:21
  Speaker 4: Is still up in the air.
• 4:22
  Speaker 1: I want to jump to bitcoin because as as we
• 4:24
  Speaker 1: see the market starting to crush here on the S
• 4:27
  Speaker 1: and P five hundred with securities, bitcoin bulls are defending
• 4:31
  Speaker 1: eighty K.
• 4:32
  Speaker 4: So what does the chart look like right now?
• 4:36
  Speaker 2: The chart has not looked any different than it's looked
• 4:39
  Speaker 2: for the past few days. I mean the still thing
• 4:41
  Speaker 2: that the thing that we're looking at right here. You
• 4:43
  Speaker 2: got your little trigger wavefirming on over under twenty hour.
• 4:45
  Speaker 2: Your money flow is coming up, so it generally looks
• 4:47
  Speaker 2: like you're more likely going to break upward from this
• 4:51
  Speaker 2: range that we've been in, hopefully get back up to
• 4:53
  Speaker 2: ninety four k. You know, maybe within the next week.
• 4:57
  Speaker 2: Ninety four k is what I'm looking at. You know,
• 4:58
  Speaker 2: we could go to some of these light you know,
• 5:00
  Speaker 2: smaller time frames as well. You get a nice trigger
• 5:02
  Speaker 2: wave forming over here on your six hour that's your
• 5:05
  Speaker 2: form relatively soon, and you just look at the more
• 5:07
  Speaker 2: zoomed inversion money flow coming up. You know, you could
• 5:11
  Speaker 2: easily that ninety four k within a week or so,
• 5:13
  Speaker 2: easily could get there if we zoom out look at
• 5:15
  Speaker 2: the macro a little bit. I mean, we're still in
• 5:17
  Speaker 2: that thing we talked about last time here, which is,
• 5:20
  Speaker 2: you know, you had your typical beginning of your post
• 5:22
  Speaker 2: having year about a thirty percent correction, and now you're
• 5:25
  Speaker 2: still trying to come up.
• 5:26
  Speaker 3: Now.
• 5:26
  Speaker 2: It's been slow, but I think as we get this
• 5:28
  Speaker 2: trigger wave which is forming right here in the weekly,
• 5:31
  Speaker 2: we could hopefully do you know a nice I mean,
• 5:34
  Speaker 2: it's probably a little bit too optimistic to think it's
• 5:36
  Speaker 2: going to go up that much, but a more diminished
• 5:38
  Speaker 2: return version of this up to hopefully instead of June,
• 5:42
  Speaker 2: probably the end of year for this you know, this directory.
• 5:45
  Speaker 2: But I still think, you know, one hundred and twenty
• 5:46
  Speaker 2: k hopefully within a few months, and then one hundred
• 5:49
  Speaker 2: and fifty k by end of year is absolutely still
• 5:51
  Speaker 2: in the cards here.
• 5:52
  Speaker 1: All right, So you're talking one fifty by end of year.
• 5:55
  Speaker 1: That's almost a two x on bitcoin. What an amazing
• 5:58
  Speaker 1: run that would be, or a year asset if you
• 6:02
  Speaker 1: look here to date asset on bitcoin even comparison to gold,
• 6:05
  Speaker 1: which is what everybody's kind of looking at right now. Gold,
• 6:08
  Speaker 1: of course, I think slip down. Let me see if
• 6:10
  Speaker 1: I can flip over to the gold chart real quick.
• 6:13
  Speaker 1: Yeah down, Yeah, it slipped down. So what was that
• 6:16
  Speaker 1: off of the three thirty one hundred. It's back down
• 6:19
  Speaker 1: to right at three thousand, still holding. So very interesting
• 6:22
  Speaker 1: times right now, Evan, and I think the point that
• 6:25
  Speaker 1: we're really in right now is how does this play
• 6:29
  Speaker 1: out within the traditional investment market When you look at
• 6:33
  Speaker 1: the S and P five hundred, the mag seven, could
• 6:37
  Speaker 1: we start to see some of that money bleed off
• 6:38
  Speaker 1: into somebody's risk ass Specifically, I shouldn't say risk asset's
• 6:43
  Speaker 1: to a certain extent, because I think eth and bitcoin
• 6:45
  Speaker 1: are where a lot of this could be going. But
• 6:48
  Speaker 1: of course everybody is leaning in on how hard this
• 6:51
  Speaker 1: tariff is going to hit inflation. Now, you just mentioned
• 6:54
  Speaker 1: you think it might soften inflation. I'm on the other side.
• 6:56
  Speaker 1: I think this may hurt inflation.
• 6:59
  Speaker 4: But I'm not.
• 6:59
  Speaker 1: Sure that Jerome Powell will qualify it the same way
• 7:03
  Speaker 1: in terms of you know that its transitory is really
• 7:06
  Speaker 1: what I think it'll boil down to. I want to
• 7:08
  Speaker 1: play a clip for you from Jerome Pow from this morning.
• 7:12
  Speaker 4: Take a look.
• 7:13
  Speaker 6: We face a highly uncertain outlook with elevated risks of
• 7:16
  Speaker 6: both higher unemployment and higher inflation. The new administration is
• 7:21
  Speaker 6: in the process of implementing substantial policy changes in four
• 7:25
  Speaker 6: distinct areas, trade, immigration, fiscal policy, and regulation. We have
• 7:32
  Speaker 6: stressed that it will be very difficult to assess the
• 7:35
  Speaker 6: likely economic effects of higher tariffs until there is greater
• 7:38
  Speaker 6: certainty about the details such as what will be tariffed
• 7:42
  Speaker 6: at what level and for what duration, and the extent
• 7:45
  Speaker 6: of any retaliation from our trading partners. Well uncertain. He
• 7:48
  Speaker 6: remains elevated. It is now becoming clear that tariff increases
• 7:52
  Speaker 6: will be significantly larger than expected, and the same is
• 7:55
  Speaker 6: likely to be true of the economic effects, which will
• 7:58
  Speaker 6: include higher inflation and slower growth.
• 8:02
  Speaker 1: All right, so you can see it slower growth that
• 8:04
  Speaker 1: concerns me to a certain extent, more impact from inflation.
• 8:09
  Speaker 1: Do you think this is going to cause the Fed
• 8:12
  Speaker 1: to slow their plan on a cut coming in even
• 8:16
  Speaker 1: though we could be seeing a lot of manipulation in
• 8:19
  Speaker 1: the market.
• 8:20
  Speaker 2: Well, I mean, I like to look at the numbers
• 8:23
  Speaker 2: and the betting odds and the charts, and I do
• 8:25
  Speaker 2: see the argument for tariffs making inflation to get hotter.
• 8:28
  Speaker 2: But when I look at the first thing, that's crazy
• 8:30
  Speaker 2: to look. I just want to show you real quick,
• 8:32
  Speaker 2: if we look at our our NASDAK, it's down about
• 8:35
  Speaker 2: twenty percent right now. Let's look at our Nasdaq versus
• 8:37
  Speaker 2: the DXY, which is the buying power of the NASDAK,
• 8:40
  Speaker 2: It's only down to eighteen percent, which shows that inflation
• 8:43
  Speaker 2: it's rare.
• 8:44
  Speaker 3: You get this.
• 8:44
  Speaker 2: I mean, back in twenty two, the Nasdaq went way down,
• 8:48
  Speaker 2: way farther down against the DXY than the then it
• 8:52
  Speaker 2: went down on.
• 8:53
  Speaker 3: Its USD pair.
• 8:54
  Speaker 2: So it's kind of the opposite right now, which is
• 8:56
  Speaker 2: showing a slowing of inflation. And if you look at
• 8:59
  Speaker 2: betting odds, the betting odds are going up for a
• 9:02
  Speaker 2: rake cut potentially. I don't think you're going to get
• 9:04
  Speaker 2: a rate cut. Maybe that could be the end of
• 9:06
  Speaker 2: quantitative tightening potentially. So I don't know what Powell's doing.
• 9:10
  Speaker 2: I think he's being cautious, but I still think that
• 9:13
  Speaker 2: you're I don't think it's going to cause bad inflation.
• 9:15
  Speaker 2: I think these negotiations are going to send a lot
• 9:18
  Speaker 2: of money back into the market.
• 9:19
  Speaker 4: That's what I well, that's the point right there.
• 9:21
  Speaker 1: You're hitting on is is deals are already starting to
• 9:24
  Speaker 1: come out here. We are Friday, just two days in
• 9:26
  Speaker 1: and we're already seeing Asia become very proactive. Cambodia Vietnam
• 9:31
  Speaker 1: both have come to the table a lot of i
• 9:34
  Speaker 1: will say, concessions from Asia that have been strong trading partners,
• 9:40
  Speaker 1: and we are starting to see that. But the real
• 9:41
  Speaker 1: question is is when that FED cut would happen and
• 9:44
  Speaker 1: whether or not they'll step in. This is CNBC talking
• 9:47
  Speaker 1: about just that very point.
• 9:48
  Speaker 4: Take a look.
• 9:50
  Speaker 7: No, I do not think that's going to happen. I
• 9:51
  Speaker 7: think that's a market in wish you'll thinking hoping that
• 9:54
  Speaker 7: FED bails them out. I think prudence on the part
• 9:57
  Speaker 7: of the febubody to stand tight until we brought this
• 10:00
  Speaker 7: all out, because I think inflationary risks are strong and
• 10:03
  Speaker 7: inflation expectations have been moving in the wrong direction.
• 10:07
  Speaker 8: They're pricing in a ninety nine percent chance of a
• 10:10
  Speaker 8: June rate cut. What's the earliest you would anticipate a
• 10:14
  Speaker 8: rate cut would come. How long will it take the
• 10:15
  Speaker 8: FED to really feel like they know what's happening.
• 10:19
  Speaker 7: Look, I think it's well past June, and I've said
• 10:21
  Speaker 7: a few times I'm not sure they're going to get
• 10:22
  Speaker 7: any cuts off this year because they also have to
• 10:24
  Speaker 7: think about the inflation side of the mandate, and they
• 10:28
  Speaker 7: were late to the game the last time around. Some
• 10:30
  Speaker 7: of their inflation credibility was nick, let's put it that way.
• 10:33
  Speaker 7: And I don't think they want that to happen again.
• 10:36
  Speaker 4: All right, So you can see it right there.
• 10:38
  Speaker 1: We've got some analysts out there pointing to very little potential.
• 10:43
  Speaker 1: Then you've got analysts out there that are pointing to,
• 10:45
  Speaker 1: oh yeah, we're going to.
• 10:46
  Speaker 4: Have three cuts four cuts this year. So again typical
• 10:50
  Speaker 4: that we have seen.
• 10:51
  Speaker 1: I'm not saying that we know better than they, but
• 10:54
  Speaker 1: I'm just saying that the decision, or i should say,
• 10:57
  Speaker 1: the split right now between pro and con on the
• 11:01
  Speaker 1: cut is definitely coming in. Here was an interesting statement
• 11:04
  Speaker 1: right here, truly incredible. President Trump. Ten minutes ago Fedchair
• 11:07
  Speaker 1: Pal always late to cut rates, cut interest rates, Strom,
• 11:11
  Speaker 1: stop playing politics. This is the President calling out the
• 11:15
  Speaker 1: Fed chair and Pal says, hey, it's.
• 11:17
  Speaker 4: Too you know, it's too soon. Of course we played
• 11:20
  Speaker 4: the clip there.
• 11:20
  Speaker 1: But the point is he's getting at is they're publicly
• 11:22
  Speaker 1: fighting about interest rates right now. I think Trump needs
• 11:27
  Speaker 1: this to be able to pull this all together. A
• 11:30
  Speaker 1: couple of negotiations out of the EU would be good.
• 11:35
  Speaker 1: More negotiations out of Asia and some of the key
• 11:38
  Speaker 1: trading partners in the Middle East. If he pulls that
• 11:41
  Speaker 1: off and he gets a rate cut, that is going
• 11:45
  Speaker 1: to be a boom market for sure. What would you
• 11:48
  Speaker 1: say if that were to occur?
• 11:51
  Speaker 2: So I think it's almost We're already seeing the negotiations.
• 11:54
  Speaker 2: I think that's almost a deal. And that clip before
• 11:56
  Speaker 2: is funny because she's like, yeah, the betting odds are
• 11:59
  Speaker 2: ninety nine point nine percent, you're gonna get at least
• 12:01
  Speaker 2: one rate cut this year. And he's like, nope, no, no, no, right,
• 12:04
  Speaker 2: come on. I mean, if a guy bets one hundred
• 12:07
  Speaker 2: bucks on no ray cut, he's gonna make a lot
• 12:08
  Speaker 2: of money.
• 12:09
  Speaker 3: But we'll see. But no, I think I think we're
• 12:11
  Speaker 3: gonna see. Well.
• 12:12
  Speaker 2: The other thing that realized too is if you look
• 12:14
  Speaker 2: at the pattern for Big one here, I just want
• 12:15
  Speaker 2: to show you quickly that generally after your first rate cut,
• 12:20
  Speaker 2: you do get a little bit of a pullback. So
• 12:22
  Speaker 2: let's say we get a lot of anticipation of rate
• 12:25
  Speaker 2: cuts and we have a nice rally over the next
• 12:27
  Speaker 2: few months into let's say a new all time high
• 12:29
  Speaker 2: may or something. Maybe you come up to even one
• 12:32
  Speaker 2: twenty by early July June or right around that that
• 12:36
  Speaker 2: June fed me. Let's say we get up to one
• 12:38
  Speaker 2: twenty or slightly make a new AUL time high one seventeen.
• 12:41
  Speaker 2: Then right after the first rate cut, what normally happens
• 12:43
  Speaker 2: the markets do see a pullback. So you see a
• 12:45
  Speaker 2: pullback that typical summer lull, some more fear, and then
• 12:49
  Speaker 2: you finally realign with things and you get I mean
• 12:52
  Speaker 2: this would this would go inside. It would generally what
• 12:54
  Speaker 2: we do in the post having years and then there's
• 12:56
  Speaker 2: your case for one hundred and fifty K. That's what
• 12:58
  Speaker 2: I think is something like this would be the most
• 13:00
  Speaker 2: likely scenario based on that.
• 13:02
  Speaker 1: All right, So that's I mean for traders, even for
• 13:05
  Speaker 1: swing traders, that's a really good look outlook for potentially
• 13:09
  Speaker 1: for bitcoin.
• 13:10
  Speaker 4: Would that also play well?
• 13:13
  Speaker 1: I want to get into the all coins here. In
• 13:14
  Speaker 1: a second, we're going to talk specifically about ethereum. But
• 13:16
  Speaker 1: before we do that, I want to play this clip
• 13:18
  Speaker 1: from Trump talking about the market.
• 13:19
  Speaker 3: Boom.
• 13:20
  Speaker 4: Take a look. I think it's going very well.
• 13:22
  Speaker 5: It was an operation like when a patient gets operated on,
• 13:27
  Speaker 5: and it's a big thing.
• 13:29
  Speaker 4: I said, this would exactly be the way it is we.
• 13:32
  Speaker 7: Have six or seven trillion dollars coming into our country
• 13:36
  Speaker 7: and we've never seen.
• 13:38
  Speaker 8: Anything like it.
• 13:40
  Speaker 7: The markets are going to boom, the stocking's gonna boom,
• 13:42
  Speaker 7: the country is going to boom, and the rest of
• 13:45
  Speaker 7: the world wants to see, is there any way they
• 13:47
  Speaker 7: can make a deal.
• 13:48
  Speaker 1: They've taken advantage of us for many, many years.
• 13:51
  Speaker 5: For many years, we've been at the wrong side of
• 13:54
  Speaker 5: the ball. And I'll tell you what, I think, it's
• 13:57
  Speaker 5: going to be unbelievable the thing that people have to
• 13:59
  Speaker 5: do off about.
• 14:01
  Speaker 8: We're up almost to seven dollars of investment coming into
• 14:04
  Speaker 8: our country, and you'll see how it shouldn't turn out.
• 14:08
  Speaker 5: Our country's gonna.
• 14:09
  Speaker 1: Prove man some I mean, Trump has this uncanny way
• 14:18
  Speaker 1: of just almost manifesting these things into existence.
• 14:21
  Speaker 4: I mean we've seen it.
• 14:23
  Speaker 1: We've seen it in many of his deals that he's
• 14:26
  Speaker 1: done in business, We've seen it in his election politics.
• 14:30
  Speaker 1: It's a very interesting situation right now. You look at
• 14:33
  Speaker 1: this because after that you kind of think, I think
• 14:35
  Speaker 1: a lot of people saw so much blood in the
• 14:37
  Speaker 1: water and still seeing it. We saw four point seven
• 14:40
  Speaker 1: billion in stocks coming in from retail yesterday. So literally
• 14:44
  Speaker 1: going back over to the S and P. They're buying
• 14:47
  Speaker 1: that dip right there, all the way down here coming in,
• 14:51
  Speaker 1: And of course is this the bottom on the S
• 14:54
  Speaker 1: and P?
• 14:54
  Speaker 4: That's my question.
• 14:55
  Speaker 1: Do you think we could recoil back into that forty
• 14:58
  Speaker 1: five hundred mark?
• 15:00
  Speaker 2: I when I look at my chart, I think there's
• 15:02
  Speaker 2: a good shot of hitting the bottom on the S
• 15:03
  Speaker 2: and P five hundred. You know, when I just let
• 15:05
  Speaker 2: me just put it up real quick, you know, you
• 15:07
  Speaker 2: get into that point that we're hitting. It's just such
• 15:09
  Speaker 2: a huge area. And historically, unless you think we're going
• 15:12
  Speaker 2: into a recession, which I know some people do, but
• 15:14
  Speaker 2: fifteen sixteen percent drop down, I mean that's huge back
• 15:17
  Speaker 2: to August twenty fourth, unless you think, you know, it's
• 15:20
  Speaker 2: going to really be really really bad, you know, for
• 15:23
  Speaker 2: sixty four fifty, then most likely you would recover here.
• 15:27
  Speaker 2: And I think that the bigcoin holding up is probably
• 15:29
  Speaker 2: a good sign of that as well. And then all
• 15:32
  Speaker 2: you need really is Trump to just be a little
• 15:35
  Speaker 2: less hard on the tariffs, have some negotiations, take them
• 15:40
  Speaker 2: down a bit. Yeah, and I don't see how that
• 15:42
  Speaker 2: would not have the market recovery.
• 15:44
  Speaker 4: Yeah, exactly.
• 15:45
  Speaker 1: Well, it's almost a manufactured dip if you look at this,
• 15:49
  Speaker 1: because if he knows, because who knows how many deals
• 15:52
  Speaker 1: they're working right now on the backside. And you know, listen,
• 15:55
  Speaker 1: that's exactly how Trump has kind of played his.
• 15:59
  Speaker 4: His dance card recently.
• 16:01
  Speaker 1: With this much going in retail, going back into the
• 16:04
  Speaker 1: market on these dips, Ethereum now potentially looking different.
• 16:08
  Speaker 4: So long term potential.
• 16:10
  Speaker 1: Experts believe that ETH price recovery is in line after
• 16:14
  Speaker 1: we saw almost a sixteen hundred met again, even though
• 16:18
  Speaker 1: ETH is seenwhat somewhat holding right now? What do you
• 16:21
  Speaker 1: think about ethereum right now? Would this be a play
• 16:25
  Speaker 1: for you? If you didn't own ethereum right now, Evan,
• 16:28
  Speaker 1: what would you do?
• 16:30
  Speaker 3: It?
• 16:30
  Speaker 2: Absolutely would be I would DCA theorym probably from now
• 16:33
  Speaker 2: until June if I own none of it right now.
• 16:35
  Speaker 2: I mean, there's a good shot that this could be
• 16:37
  Speaker 2: a double bottom right here, and then if you can
• 16:40
  Speaker 2: break above this over here, you can break back up
• 16:43
  Speaker 2: to you know, twenty four or twenty five hundred. And
• 16:47
  Speaker 2: then when we zoom out a little bit, we actually
• 16:49
  Speaker 2: confirmed a really rare ble assign a little while ago,
• 16:52
  Speaker 2: deep anchor wave right here in the last one that
• 16:54
  Speaker 2: was a huge recovery back. You know, you jumped up
• 16:57
  Speaker 2: a crazy amount. Let's see if we were to do that,
• 16:59
  Speaker 2: that's back up to thirty three hundred in a few months.
• 17:01
  Speaker 2: Hopefully you could even get wilder with this, because if
• 17:04
  Speaker 2: you look at the last time before that really deep
• 17:06
  Speaker 2: anchorwave right there, this was the exact bottom in twenty
• 17:10
  Speaker 2: twenty two, and it kind of feels like that for
• 17:12
  Speaker 2: eth a little bit in terms of, you know, how
• 17:14
  Speaker 2: down it's been and how much hope people have given up.
• 17:16
  Speaker 2: Now this could be way too optimistic. I don't know
• 17:18
  Speaker 2: if you're gonna get up to four thousand, you know,
• 17:21
  Speaker 2: by the end of May, but crazier things have happened.
• 17:23
  Speaker 2: I do think you could have a big rally and
• 17:25
  Speaker 2: then if we want to be more macro here, maybe
• 17:27
  Speaker 2: we get up to somewhere between three and four thousand,
• 17:30
  Speaker 2: hopefully by June. Then you see your summer low, we
• 17:32
  Speaker 2: come back down, I don't know, twenty eight hundred or something,
• 17:35
  Speaker 2: and then you could jump back up to new all
• 17:38
  Speaker 2: time highs into the end of the year. I still
• 17:40
  Speaker 2: think potentially, I mean, it's hard to say exactly where.
• 17:43
  Speaker 2: I think october's a little bit too early, but I
• 17:45
  Speaker 2: potentially think five to seven k still could be on
• 17:48
  Speaker 2: the table.
• 17:49
  Speaker 1: Let's go on over to a couple other things I
• 17:50
  Speaker 1: want to hit on, and that is Hadera. Hadera course
• 17:53
  Speaker 1: and only fans have now teamed hup to go after TikTok.
• 17:58
  Speaker 1: Now this is another block We've seen a lot of
• 18:01
  Speaker 1: blockchains in the play, including Polka Dot, now Ethereum XRP,
• 18:06
  Speaker 1: all playing into a potential bid or participating in bids
• 18:10
  Speaker 1: for TikTok. First of all, let's take a look at
• 18:12
  Speaker 1: the Hadera list chart because I think many people We've
• 18:15
  Speaker 1: got a lot of people that are big h bar fans.
• 18:18
  Speaker 4: Do you like this token right now? How would you
• 18:21
  Speaker 4: hold this?
• 18:22
  Speaker 2: I mean based on the fundamentals you talked about that,
• 18:25
  Speaker 2: I feel like sometimes when you see the of part
• 18:27
  Speaker 2: you kind of run into a retail trap or whatever.
• 18:30
  Speaker 2: But you know it did have its correction. I do
• 18:34
  Speaker 2: like Hbar, you know, I think it can you know,
• 18:36
  Speaker 2: eventually come back. Here you're forming a trigger wave on
• 18:38
  Speaker 2: the weekly. I like how that looks pretty big area
• 18:40
  Speaker 2: you're jumping off of. I mean, let's see what our
• 18:42
  Speaker 2: correction was right here is about sixty percent, So yeah,
• 18:44
  Speaker 2: I think there's a lot of potential here. I mean
• 18:46
  Speaker 2: on the weekly I think the main thing you want
• 18:48
  Speaker 2: to map out here is the weekly trigger wave and
• 18:50
  Speaker 2: that hopefully, you know, in the next few months, it
• 18:53
  Speaker 2: would not be impossible for us to come back up
• 18:55
  Speaker 2: to that forty two cent range and then hopefully, you know,
• 18:58
  Speaker 2: continue some type of path like that into.
• 19:01
  Speaker 3: The end of the year. Maybe, eh, I don't know,
• 19:04
  Speaker 3: it could be a little bit. This is it's risky.
• 19:06
  Speaker 2: It's risky to say that you're going to go up
• 19:07
  Speaker 2: eight to ten x, but it's possible if you do
• 19:09
  Speaker 2: make a new all time high. Be careful with some
• 19:13
  Speaker 2: of the Sometimes they lure a retail into these traps, yeah,
• 19:17
  Speaker 2: the weird crap like that. But I think there's potential.
• 19:20
  Speaker 2: I think there's a lot of potential. It looks good
• 19:21
  Speaker 2: in the short term too, So I think, you know,
• 19:23
  Speaker 2: you definitely got a good shot of getting back up
• 19:25
  Speaker 2: to twenty cents and you know, this month and then
• 19:27
  Speaker 2: hopefully back up to those highs by the end of May.
• 19:30
  Speaker 3: I think there's good.
• 19:31
  Speaker 4: Interesting.
• 19:32
  Speaker 1: Hey, let's talk about Solana right now. Solana's trust is
• 19:36
  Speaker 1: going to happen. The S one is now to convert
• 19:39
  Speaker 1: to Salona trust under gray scale, this means an ETF
• 19:43
  Speaker 1: coming very soon. Potentially. This is probably not too soon
• 19:47
  Speaker 1: for Solana. It's struggled to regain its highs and it's
• 19:51
  Speaker 1: definitely kind of been in a position where it has
• 19:53
  Speaker 1: not been performing. And of course it was one of
• 19:55
  Speaker 1: the ones that took one of the most hits here
• 19:58
  Speaker 1: over the last few weeks. What does the chart on
• 20:01
  Speaker 1: Solana hold right now? Would you buy in on Solana
• 20:04
  Speaker 1: if you did not hold it right now?
• 20:06
  Speaker 2: I would buy in Solana. It would be a DCA.
• 20:08
  Speaker 2: I think eth may outperform it. And I'll tell you
• 20:11
  Speaker 2: why just right after we look at the.
• 20:12
  Speaker 4: Wh whoa wait a minute, what you just said? You
• 20:16
  Speaker 4: just you can't just throw that out.
• 20:17
  Speaker 3: A few months. I think may perform it for a
• 20:19
  Speaker 3: few months.
• 20:20
  Speaker 4: All right, okay, all right, Well that's a big statement
• 20:22
  Speaker 4: right there. That's a huge statement for people. Yeah, okay,
• 20:24
  Speaker 4: in the short term. Still that's a big show. Why
• 20:27
  Speaker 4: all right, let me see it.
• 20:29
  Speaker 2: So when we look at our chart here, so this
• 20:31
  Speaker 2: is you know, a text double bottom pattern. I mean
• 20:34
  Speaker 2: it could make a lower loan one on nine to
• 20:36
  Speaker 2: like get more liquidations. But it's looking on the daily
• 20:38
  Speaker 2: you're getting a nice bull Dave. You know, I think
• 20:40
  Speaker 2: you've got a technical target. You know, this is gonna
• 20:42
  Speaker 2: be just to show you, guys, like a nice little
• 20:43
  Speaker 2: swing trade here stop lost probably like around one oh six,
• 20:46
  Speaker 2: and then you could try to ride this up to
• 20:49
  Speaker 2: one fifty four, maybe even one back to back up
• 20:51
  Speaker 2: to one eighty eight right there, So that looks pretty good.
• 20:54
  Speaker 2: You got one, two, three, four five lex is. Usually
• 20:56
  Speaker 2: when you see these on the daily or a large timeframe,
• 20:58
  Speaker 2: it means you're close to a turn reversals. That's pretty good,
• 21:02
  Speaker 2: and you know when you zoom out here a bit,
• 21:04
  Speaker 2: it was similar to a lot of other coins. The
• 21:06
  Speaker 2: weekly is gonna give you kind of a deep anchorwave
• 21:08
  Speaker 2: relatively soon, So that could I mean that could give
• 21:10
  Speaker 2: you a nice rally into August, maybe a slightly high
• 21:14
  Speaker 2: or high, and then into end of year. I think
• 21:16
  Speaker 2: a lot of these trajectories. Four hundred maybe six hundred
• 21:19
  Speaker 2: would be the absolute highest I could see. I'm looking
• 21:22
  Speaker 2: at more of a four hundred for here. Three to
• 21:24
  Speaker 2: four x would be good. The thing I want to
• 21:25
  Speaker 2: show you though, on e Soul versus eth believe it
• 21:28
  Speaker 2: was rejecting from a pretty big point so yeah, it
• 21:31
  Speaker 2: was rejecting from this point. When you zoom in a
• 21:33
  Speaker 2: little bit, I don't know. Some of these timeframes do
• 21:35
  Speaker 2: look like you will break down, maybe bleed, probably not
• 21:39
  Speaker 2: a crazy a map, maybe bleed like thirty forty percent
• 21:42
  Speaker 2: against against Eth maybe.
• 21:45
  Speaker 3: So we'll see, we'll see. Maybe I'm wrong, but we'll see.
• 21:47
  Speaker 3: I am. I am excited about Youth right now.
• 21:49
  Speaker 1: But all right, so that's good. Eth is the winner.
• 21:52
  Speaker 1: Let's talk about Avalanche. We just did a video on this. Guys,
• 21:55
  Speaker 1: go back and watch this because this is a very
• 21:58
  Speaker 1: we put a lot of research into this one, and
• 22:00
  Speaker 1: there's some very intriguing things happening in Japan, specifically in
• 22:05
  Speaker 1: the banking ecosystem.
• 22:07
  Speaker 4: Avalanche is tied into.
• 22:08
  Speaker 1: This pretty closely with a new launch of a stable
• 22:12
  Speaker 1: coin with some of their banking partners there. With that happening,
• 22:16
  Speaker 1: along with some other things, I think that Avalanche may
• 22:18
  Speaker 1: be talking about releasing. Is this a token that you
• 22:22
  Speaker 1: would jump into right now? It has also been fairly
• 22:25
  Speaker 1: depressed off of it's high, holding it about eighteen dollars
• 22:29
  Speaker 1: right now sideways.
• 22:31
  Speaker 2: Yeah, I think it's a great buy, Yes, definitely. I
• 22:34
  Speaker 2: mean it's looked like the last time we looked at this,
• 22:37
  Speaker 2: it's looked like one of the best tokens. Because you
• 22:39
  Speaker 2: have your money flow coming up on your two week
• 22:42
  Speaker 2: you're also forming another wave right there. The last time
• 22:44
  Speaker 2: we had a nice jump up. So if you can
• 22:45
  Speaker 2: kind of repeat and it could be even better. It
• 22:47
  Speaker 2: could be like this over here, and then you could
• 22:50
  Speaker 2: even you know, theoretically, by the end of May you
• 22:53
  Speaker 2: can get up to like sixty to eighty dollars. That
• 22:55
  Speaker 2: would be best case scenario. It's be a little bit
• 22:57
  Speaker 2: more conservative. Hopefully by May you get up to these areas.
• 23:01
  Speaker 2: Then you know, summer a little low, and then one
• 23:04
  Speaker 2: last kind of jump up into the end of the year.
• 23:06
  Speaker 3: I think that maybe a ten X could be on
• 23:09
  Speaker 3: the table.
• 23:10
  Speaker 2: I could be being too optimistic, but I think you've
• 23:12
  Speaker 2: got a very like I would give it seventy percent.
• 23:14
  Speaker 2: You can get back up to those old all time
• 23:16
  Speaker 2: HIGs and like forty to fifty maybe a tenec. This
• 23:21
  Speaker 2: is looking really good. There's a lot of good stuff
• 23:23
  Speaker 2: behind this. I'd be very surprised if this doesn't do
• 23:26
  Speaker 2: what we wanted to do here. So everything looks good,
• 23:29
  Speaker 2: daily looks good. I mean, you could try to just
• 23:31
  Speaker 2: like that salon a potential swing trade. You could do,
• 23:33
  Speaker 2: you know, stop loss below this area right there and
• 23:37
  Speaker 2: then try to really run this up and hold it
• 23:38
  Speaker 2: for a while.
• 23:39
  Speaker 1: So yeah, let's talk about XRP for a minute. I
• 23:42
  Speaker 1: want to show you guys something I'm looking at r
• 23:44
  Speaker 1: l USD. This is a course you guys can go
• 23:47
  Speaker 1: check this chart out over at app dot RWA dot
• 23:50
  Speaker 1: xyz and if you look further down in here, I
• 23:53
  Speaker 1: want to zoom in on something very intriguing this right here.
• 23:57
  Speaker 4: So remember.
• 23:59
  Speaker 1: We saw a print right here just the other day
• 24:02
  Speaker 1: popped up to around two hundred and forty four mil.
• 24:04
  Speaker 4: Then it popped up again.
• 24:06
  Speaker 1: Just the other day yesterday's almost three hundred million. So
• 24:09
  Speaker 1: what we're talking about is something is brewing inside of
• 24:14
  Speaker 1: the XRP ledger and RLUSD. As you can see all
• 24:17
  Speaker 1: this writing on eight, so both play well, but the potential.
• 24:21
  Speaker 1: Last time we saw this move it was a listing
• 24:24
  Speaker 1: the use of r l USD on Kraken. Maybe they're
• 24:29
  Speaker 1: getting ready for a major exchange listing to where rl
• 24:32
  Speaker 1: USD will be a trading pair.
• 24:34
  Speaker 4: What are your thoughts on XRP right now?
• 24:37
  Speaker 2: Yeah, I think it's fullish news. I mean, I think
• 24:39
  Speaker 2: XRP is going to do well, you know, like a
• 24:40
  Speaker 2: lot of other coins. And you know, right now, the
• 24:43
  Speaker 2: big thing for XRP is it's been in this range.
• 24:45
  Speaker 2: You're forming a trigger wave in the sixth day, which
• 24:47
  Speaker 2: I like, I think that's pretty good. You know, it
• 24:50
  Speaker 2: looks good at when you go down the timeframes potential continuation.
• 24:53
  Speaker 2: I think once you break out of this area, your
• 24:55
  Speaker 2: next big target is going to be around Oh really, yeah,
• 24:58
  Speaker 2: you got one target is some between like four fifty
• 25:01
  Speaker 2: to six bucks. Is I think where you're gonna end
• 25:03
  Speaker 2: up by the end of the year. You know, maybe
• 25:06
  Speaker 2: we jump and recover into may we get back to
• 25:09
  Speaker 2: that three thirty mark or something, and then you have
• 25:12
  Speaker 2: a little summer lull, you know, it's a little bit
• 25:14
  Speaker 2: boring again, which this thing is kind of. It's a
• 25:17
  Speaker 2: weird price mover. It does some weird things, do something
• 25:20
  Speaker 2: like that, and then end a year you have your
• 25:22
  Speaker 2: jump up to four fifty maybe even you know, six dollars.
• 25:27
  Speaker 2: Anyone who says this is going above six dollars, I
• 25:30
  Speaker 2: think they're being a little bit too optimistic. That would
• 25:32
  Speaker 2: be you know, over a four hundred billion dollar market cap,
• 25:35
  Speaker 2: above that point. So but yeah, no, I do think
• 25:38
  Speaker 2: it's going to do well.
• 25:38
  Speaker 1: Though well, it's one to kind of keep an eye on.
• 25:41
  Speaker 1: We're going to continue to cover this and many more.
• 25:43
  Speaker 1: By the way, if you guys, i'd like to know
• 25:45
  Speaker 1: your position. Evan's so bullish on eight in the comments
• 25:50
  Speaker 1: down below, let me know if you are bullish on
• 25:52
  Speaker 1: Eth or bearish, because there's there's kind of a shift
• 25:56
  Speaker 1: between the audience saying that Eth might be one of
• 26:00
  Speaker 1: the least performers in this market. But again, I always
• 26:03
  Speaker 1: love to get you guys feedback. Make sure and subscribe
• 26:05
  Speaker 1: to the show. Evan, thanks a lot for jumping in today.
• 26:08
  Speaker 1: We appreciate it.
• 26:10
  Speaker 3: Always great to be on. Thanks so much for Yeah.
• 26:11
  Speaker 4: You bet all right you guys.
• 26:13
  Speaker 1: As I said, if you're not in the diamond circle,
• 26:15
  Speaker 1: that's the place to be. It's a great email list
• 26:17
  Speaker 1: that we use. We send out updates all the time. Additionally,
• 26:20
  Speaker 1: we have a Telegram group and the Telegram group. One
• 26:23
  Speaker 1: Telegram group. There's no more, just one. The link is
• 26:27
  Speaker 1: down below, so only follow that link that's on our channel.
• 26:30
  Speaker 1: Don't look at anything out there on Telegram if it
• 26:32
  Speaker 1: doesn't come from us, because there is a lot of
• 26:34
  Speaker 1: scammers out there, so watch out for that, and of
• 26:36
  Speaker 1: course follow me on x at Paul Baron.
• 26:38
  Speaker 4: We'll catch you next time, right here on tech Path.
• 26:41
  Speaker 3: Thank you.