Latest / The Paul Barron Crypto Show / Made in U.S.A. Crypto🚀Technical Analysis w/ Investing Broz

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Made in U.S.A. Crypto🚀Technical Analysis w/ Investing Broz · The Paul Barron Crypto Show

0:07
Speaker 1: Let's dive into made in America crypto today. You guys
0:10
Speaker 1: are going to want to follow this one. We're going
0:11
Speaker 1: to be charting this out for you. We've got Tim
0:13
Speaker 1: Warren joining us today, so it's going to be a
0:15
Speaker 1: good one. Don't miss it. My name is Paul Barrew.
0:17
Speaker 1: Welcome back into tech Path. Let's get going. I do
0:19
Speaker 1: want to thank our sponsor, and that is Coinbase. It's
0:22
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0:24
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0:26
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0:30
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0:33
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0:35
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0:38
Speaker 1: to get started over there. So buy some bitcoin, buy
0:40
Speaker 1: some buy some Salona, whatever you want to kind of
0:42
Speaker 1: get started with and start your own crypto journey and
0:46
Speaker 1: get in while President Trump is kicking it out there.
0:48
Speaker 1: Let's welcome in of course, mister Tim Warren coming in
0:52
Speaker 1: from investing bros. How are you man?
0:55
Speaker 2: What's going on?
0:55
Speaker 3: Paul?
0:56
Speaker 2: It's good to see you again.
0:57
Speaker 1: Nice to see you. So listen, we got a lot
1:00
Speaker 1: to talk about, because a lot has happened since you
1:02
Speaker 1: and I were on the same screen. Obviously, we've got
1:07
Speaker 1: a unbelievable position now in the United States when it
1:10
Speaker 1: looks when you look at blockchain in general, and with that,
1:14
Speaker 1: you've got a couple of things happening here with President Trump.
1:16
Speaker 1: He signed the executive order yesterday to create a National
1:20
Speaker 1: Digital Assets Stockpile. Technically, it wasn't to create it. It
1:24
Speaker 1: was to study study it. I was, I was, I
1:29
Speaker 1: was watching the verbiage within that that EA. And you
1:33
Speaker 1: know David Sachs, we follow him pretty pretty heavily, obviously
1:37
Speaker 1: the crypto and ai ZAR, and he was clear about it, Hey,
1:40
Speaker 1: we're going to look at it. This is the executive
1:42
Speaker 1: order to cause that to happen. What did you think
1:44
Speaker 1: about that as opposed to them saying a bitcoin strategic
1:49
Speaker 1: reserve versus digital assets? Did you take anything by that?
1:53
Speaker 3: Yeah, no, this is this is definitely confusing. Uh, we
1:56
Speaker 3: were actually live. We all lied every day at three
1:58
Speaker 3: pm Eastern Standard time, so this andnouncement came out while
2:01
Speaker 3: we were alive yesterday. So we're kind of going around
2:04
Speaker 3: trying to figure out and piece together the details. The
2:07
Speaker 3: last time that we significantly heard the word stockpile was
2:12
Speaker 3: when Trump was on stage at the Bitcoin conference in Nashville,
2:16
Speaker 3: and I remember I remember looking around the room and
2:20
Speaker 3: people all looking each other weird. We're like, did he
2:22
Speaker 3: misremember the word reserve? Like what happened there? Why stockpile?
2:27
Speaker 3: We kind of wrote it off as nothing, and now
2:28
Speaker 3: all of a sudden, people are looking forward to reserve
2:31
Speaker 3: and we heard this word stockpile again. So what does
2:33
Speaker 3: it mean exactly? I think people are still trying to
2:36
Speaker 3: deal with that. But here's here's my big takeaways. It
2:38
Speaker 3: wasn't the national Bitcoin reserve, and I can't give a
2:42
Speaker 3: very clear definition of the deafference between the stockpile and reserve,
2:45
Speaker 3: but it's different.
2:47
Speaker 2: What I'll tell you, it's very bullish for it's very
2:49
Speaker 2: bullish for all coins.
2:50
Speaker 3: I know we're gonna get a lot of all coin
2:51
Speaker 3: talk today, but this is him pretty much saying whether
2:54
Speaker 3: a stockpile is reserve or not, which I don't think
2:56
Speaker 3: it is, but let's pretend it was. He's saying this
2:59
Speaker 3: reserve is not can be limited to Bitcoin alone. There
3:02
Speaker 3: are certain all coins we deem also worthy of this position.
3:06
Speaker 3: So while it wasn't the news people were waiting for,
3:08
Speaker 3: and the markets responded kind of confusingly. I think people
3:12
Speaker 3: need to take a step back, take a deep breath, relax,
3:16
Speaker 3: and realize it's different. But it's still extremely bullish because
3:20
Speaker 3: it's still extremely pro crypto. He's still surrounding himself with
3:23
Speaker 3: people who are going to viy for bitcoin being a
3:27
Speaker 3: staple of America's treasury. So I'm still very bullish, Paul,
3:32
Speaker 3: even though we're not a hunted certain what this looks like.
3:35
Speaker 1: Well, I want to play a clip because just for
3:37
Speaker 1: our viewers and our audience, maybe that you guys didn't
3:39
Speaker 1: get a chance to see this, but this is David Sachson.
3:41
Speaker 1: I'll give you some context behind this after the clip,
3:44
Speaker 1: but let's go to that.
3:45
Speaker 4: A President Trump campaign to be the first crypto president.
3:49
Speaker 4: He gave a non famous speech in Nashville where he
3:52
Speaker 4: described how he was going to change the regulatory environment
3:54
Speaker 4: for crypto, and he has now acted on that promise.
3:57
Speaker 2: He signed this executive order today.
3:59
Speaker 4: He's directed our working group to produce a regulatory framework
4:02
Speaker 4: that's going to encourage innovation and crypto in the United States,
4:05
Speaker 4: keeping the industry onshore rather than driving it offshore, which
4:09
Speaker 4: is what was happening under the Biden administration.
4:11
Speaker 3: What will you be looking for and what type of
4:14
Speaker 3: guidelines are you looking to put out?
4:17
Speaker 2: Yeah, so a few areas. So number one, market structure.
4:20
Speaker 4: We need to define what is a security, what's a commodity,
4:23
Speaker 4: what's a digital asset or collectible? You know, So there's
4:26
Speaker 4: a few different categories here, So defining the market structure
4:28
Speaker 4: is important. Second area is stable coins. I think stable
4:31
Speaker 4: coins are really interesting area gives us the opportunity to
4:36
Speaker 4: extend that dollars dominance internationally. We can basically create a
4:40
Speaker 4: digital dollar that people all over the world will use.
4:43
Speaker 2: And then the third.
4:43
Speaker 4: Area that we're going to look at is we're evaluating
4:45
Speaker 4: this national stockpile for digital assets. We haven't created it yet,
4:50
Speaker 4: but we're going to study that issue.
4:52
Speaker 2: So looking at the stockpile. Haven't made the decision to
4:54
Speaker 2: go forward, Is that what you're saying?
4:56
Speaker 4: That's correct? Yeah, we're going to evaluate that. We have
4:58
Speaker 4: not decided to do it yet. We're you need to
5:00
Speaker 4: study that, all right.
5:02
Speaker 1: So an interesting spin of events I think here, and
5:05
Speaker 1: I think it also kind of sets up a lot
5:07
Speaker 1: of people looking at things a little bit differently from
5:11
Speaker 1: where this is going. There was actually a couple of
5:14
Speaker 1: tweets I wanted to play this one right here. This
5:16
Speaker 1: was Peter McCormick. He was talking about this, I have
5:19
Speaker 1: it from a direct source that Garling House XRP Ripple
5:23
Speaker 1: are actively working to undermine the strategic Bitcoin reserve. And
5:28
Speaker 1: he wasn't happy with this. But then you had Wolf
5:31
Speaker 1: come back in and say, hey, listen, I rarely post
5:33
Speaker 1: on these rumors, but he just didn't necessarily, you know,
5:37
Speaker 1: I assure you that XRP is currently a major part
5:39
Speaker 1: of the conversation. So it's I think this is kind
5:41
Speaker 1: of the Bitcoin Maxi's really responding to this non action
5:47
Speaker 1: on a bitcoin strategic reserve and more of a digital
5:50
Speaker 1: asset stockpile. With that being the case, I mean, I
5:54
Speaker 1: look at it like you do. I just see this
5:56
Speaker 1: as bullsh No matter what for the entire industry, whether
5:59
Speaker 1: it's Bitcoin and many of the all coins, possibly even
6:02
Speaker 1: other projects out there, would you still stay in that camp?
6:06
Speaker 2: Yeah?
6:06
Speaker 3: I think I talk about this all the time on
6:09
Speaker 3: our channel, Paul, this tribalism in crypto that if you
6:13
Speaker 3: like one coin that means you have to hate these
6:15
Speaker 3: other coins. I get tired of seeing it, like, why
6:19
Speaker 3: can't we like a lot of different coins. If you
6:21
Speaker 3: don't like a coin for something fundamental and you have
6:23
Speaker 3: a good reason work, go for it. But if we're
6:25
Speaker 3: really being honest, I think a lot of people out
6:27
Speaker 3: there on the internet being angry just because their team
6:30
Speaker 3: XRP or their team Cardona, or their team Bitcoin or
6:33
Speaker 3: their team and then they just decide, well, everybody else sucks,
6:36
Speaker 3: so I'm gonna poop on them, And it's like, no,
6:38
Speaker 3: there's different coins for different purposes. You guys know, there's
6:41
Speaker 3: a world in which Bitcoin goes berserk and XRP goes
6:45
Speaker 3: berserk as well. Garling House doesn't need Bitcoin to fail
6:48
Speaker 3: for his XRP token to also be successful. So this
6:52
Speaker 3: stuff kind of gets silly to me at times, with
6:54
Speaker 3: all the bakery going back and forth.
6:56
Speaker 1: All right, well, let's take a look at bitcoin right
6:58
Speaker 1: now and to see what you're thinking, because obviously we've
7:01
Speaker 1: seen it kind of dip a little and then return
7:04
Speaker 1: back to around one oh five. What's your position on
7:07
Speaker 1: bitcoin right now in the near future?
7:09
Speaker 3: Yeah, Well, I think the thing that people need to
7:11
Speaker 3: start by doing whenever you're analyzing price, always take a
7:15
Speaker 3: deep breath back out. You know, I'm still in the
7:18
Speaker 3: daily chart, but I could have gone to like the
7:19
Speaker 3: weekly chart or something and just take a look at
7:21
Speaker 3: what bitcoin has been doing since November of twenty twenty two.
7:25
Speaker 3: Higher highs, high or lows. Another thing that I'm loving
7:29
Speaker 3: right now. Traditionally you get high volume on big Let's
7:33
Speaker 3: go to the week.
7:33
Speaker 2: This is actually be a lot better. Let's look on
7:35
Speaker 2: the weekly chart.
7:36
Speaker 3: You get high volume traditionally right around or near the
7:40
Speaker 3: tops of cycles. You saw the biggest volume came in
7:42
Speaker 3: here in March May. We went a little bit higher
7:44
Speaker 3: obviously November, but you know that was close to the
7:46
Speaker 3: top that the high volume on in December of seventeen
7:50
Speaker 3: match the top perfectly.
7:51
Speaker 2: And then this chart doesn't have it.
7:52
Speaker 3: But if you were to go back to like twenty thirteen,
7:54
Speaker 3: twenty fourteen, you find high volume tops as well. What
7:56
Speaker 3: I'm watching right now is while people are going to say,
7:59
Speaker 3: oh what about this bike and volume right here, this
8:01
Speaker 3: spike in volume was confirmation of bullish buying. We are
8:05
Speaker 3: nowhere close to peaking volume wise. Why is the volume peak.
8:08
Speaker 3: The volume peaks because either whales are buying a lot
8:10
Speaker 3: at the bottom of bear markets or retails coming in
8:13
Speaker 3: buying a lot at the top of ball markets. So
8:15
Speaker 3: we don't have that massive volume spike. So long term,
8:18
Speaker 3: I am so far from being bearish on bitcoin, it's
8:21
Speaker 3: not even funny. Then you zoom on in, let's go
8:23
Speaker 3: back to the daily chart and you take a look
8:25
Speaker 3: at a shorter time period. Let's get more you know,
8:28
Speaker 3: within price action we've seen over the last couple of weeks,
8:32
Speaker 3: go back to December. We had a little sluggish pullback,
8:35
Speaker 3: a falling channel you can see depicted by this slanting
8:39
Speaker 3: red line, slanting green line, lower highs, lower lows. This
8:42
Speaker 3: is a bullish pattern, we called it. We talked about
8:45
Speaker 3: our channel, this big wick to the downside that matched it.
8:49
Speaker 3: Whenever you see a candle that's very small with the
8:51
Speaker 3: candle body itself. If people are used to technical analysis,
8:54
Speaker 3: candle bodies are where price is open and closed. But
8:57
Speaker 3: look at that long, long wick right there. That is
9:01
Speaker 3: a very good depiction of major bottom signals. The last
9:04
Speaker 3: time we kind of saw before that was the bottom
9:06
Speaker 3: signal over the summer back here in August on August fifth, right,
9:11
Speaker 3: very you know, small candle body compared to massive wik
9:15
Speaker 3: massive volume. So we saw that we went big on
9:18
Speaker 3: our long on bitcoin. What I love that's happened recently.
9:20
Speaker 3: Had we broken out completely? No, because the target we're
9:23
Speaker 3: watching for on bitcoin to break out is at the
9:27
Speaker 3: very least a move up here towards one fifteen. It
9:29
Speaker 3: could be even larger. But that breakout of that formation
9:32
Speaker 3: calls for one fifteen.
9:34
Speaker 2: We did get.
9:35
Speaker 3: We did get a spike in volume on the breakout
9:37
Speaker 3: where now we have turned all of this resistance, had
9:41
Speaker 3: got turned into support here just a couple of days
9:43
Speaker 3: ago around January twentieth, and now we zoom it even closer.
9:47
Speaker 3: So we're bullish on long long term, we're bullish on
9:50
Speaker 3: intermediate term. Let's look at the short term.
9:53
Speaker 2: We just broke out.
9:54
Speaker 3: It looks like within the last couple of hours we
9:56
Speaker 3: are working right now to break out of a symmetrical
9:59
Speaker 3: triangle pad, another bullish formation that we've been moving bullishly
10:03
Speaker 3: into it. Seventy percent of the time these break to
10:05
Speaker 3: the upside. What I do want to see to confirm
10:07
Speaker 3: this is high volume spike to the upside. But this
10:10
Speaker 3: also is another indicator Paul of saying, keep an eye
10:14
Speaker 3: roughly somewhere around one fifteen, this one actually says one sixteen,
10:18
Speaker 3: but we'll say one fifteen because we had the other
10:21
Speaker 3: the other formation calling for the same thing. What's you
10:23
Speaker 3: gonna want to look for over the next little bit
10:25
Speaker 3: is a do the white candles the bullish candles? However
10:28
Speaker 3: people's charts look like, do they get matched up with
10:31
Speaker 3: high volume histograms these bars down here, or you very
10:36
Speaker 3: easily could see a small pullback, retest this resistance, turn
10:39
Speaker 3: it into support, and then you take off to the upside.
10:42
Speaker 3: But either way you cut it here, Paul, as long
10:44
Speaker 3: as we stay above this red line, as long as
10:46
Speaker 3: we keep piling up four hour candles closing bullishly above
10:49
Speaker 3: this red line, we're bullish.
10:52
Speaker 2: We're bullish right now on bitcoin. It's pretty simple.
10:55
Speaker 1: How long before you think we'll see maybe a little
10:58
Speaker 1: bit more of a breakout for alt?
11:00
Speaker 2: That's a very good question, you know.
11:02
Speaker 3: I've actually I want to make some content on it
11:05
Speaker 3: because this whole alt season has been very different, and
11:08
Speaker 3: it's causing some people to think that all coin season
11:11
Speaker 3: is dead, all coin seasons over which I completely disagree
11:14
Speaker 3: with what I think that this actually speaks to you
11:16
Speaker 3: when you're looking at that bitcoin dominance, sharp is not
11:19
Speaker 3: that all coins are underperforming, but just how great Bitcoin
11:23
Speaker 3: is performing? You know, are pullbacks historically during all coin
11:27
Speaker 3: season if you go back and look at them back
11:30
Speaker 3: in January of twenty twenty one, and then I think
11:33
Speaker 3: it's March or February of twenty seventeen. Right, those are
11:36
Speaker 3: the two last all coin seasons. Bitcoin pulled back over
11:39
Speaker 3: thirty percent to start all coin seasons, right, it was
11:42
Speaker 3: a sell off pressure where people had made a lot
11:44
Speaker 3: of money in Bitcoin, they took profits, they moved them
11:47
Speaker 3: into all coins. That didn't happen this year, Bitcoin fell
11:50
Speaker 3: only fifteen percent. Also, with this being the bull market
11:54
Speaker 3: of institutional adoption where Bitcoin kind of is the main
11:57
Speaker 3: coin people are looking at. This is I'm saying that
12:00
Speaker 3: all coins aren't gonna pump dramatically and go crazy. It's
12:02
Speaker 3: saying Bitcoin is extremely desirable. And honestly, Paul, I don't
12:08
Speaker 3: care if Bitcoin stays above fifty percent dominance. I don't
12:10
Speaker 3: care if it gets above sixty percent and keeps going.
12:13
Speaker 3: If the total crypto market cap goes to twenty trillion
12:16
Speaker 3: dollars and Bitcoin owns sixty percent of that, well, that's
12:18
Speaker 3: still a lot of money that pours into all thes
12:21
Speaker 3: what I wouldn't want to see. I would not want
12:23
Speaker 3: to see the market the total crypto market cap stay low,
12:26
Speaker 3: like below ten trillion and Bitcoin be above sixty percent
12:29
Speaker 3: dominance that I do believe would be pretty rough for
12:32
Speaker 3: all coins. Yeah, but people, as much as I love
12:35
Speaker 3: the Bitcoin dominance shark love following it, this is a
12:37
Speaker 3: different bullmarket. I would say, pay a whole lot more
12:40
Speaker 3: attention to Total two and Total three and how all
12:43
Speaker 3: coins are performing.
12:45
Speaker 2: Look for them to.
12:46
Speaker 3: Be in the range of five to ten trillion dollars
12:48
Speaker 3: in this bull market as long as it happens. Who
12:50
Speaker 3: cares for bitcoin dominance is all coins had a great
12:53
Speaker 3: bull market.
12:54
Speaker 1: A couple other things that are happening from the bullish
12:57
Speaker 1: side of the pond here No pun is a sixteen
13:01
Speaker 1: Z is now setting to pull back from the UK,
13:03
Speaker 1: So this is a pretty big move. I think this
13:05
Speaker 1: may go under the radar because they're going to refocus
13:08
Speaker 1: on the US and of course we're talking about US
13:10
Speaker 1: tokens today. We can kind of lead off with in general,
13:14
Speaker 1: if you look at some of the tokens that are
13:16
Speaker 1: out there, whether it is Solana, we'll say XRP would
13:21
Speaker 1: probably be the number one, Cardono, Hadera, a handful of others,
13:26
Speaker 1: even Suey to a certain extent. Is there any of
13:30
Speaker 1: those American tokens, Algoran? Is there any of those tokens
13:33
Speaker 1: that you would say, Hey, if I was picking two
13:35
Speaker 1: or three, these would be the ones I would look to,
13:37
Speaker 1: especially as we see a lot of this investment now
13:40
Speaker 1: coming back on shore.
13:42
Speaker 2: Yeah.
13:43
Speaker 3: I don't know if I want to prepare for that question,
13:45
Speaker 3: because that's that's a very good question. I don't know
13:47
Speaker 3: if I could limit to two or three other than
13:48
Speaker 3: saying those coins that are American based already in our
13:52
Speaker 3: coming back, I would put a lot of stock into Thosese.
13:55
Speaker 3: I think they're going to do very, very well. And
13:58
Speaker 3: it's something that this is the damning evidence right here, Paul,
14:02
Speaker 3: that if anyone was in doubt, look back at the
14:05
Speaker 3: last four years. Not talking about the economy numbers, not
14:09
Speaker 3: talking about the data depails, Let's just talk about cryptocurrency.
14:12
Speaker 3: How many projects and companies were fleeing from the United States.
14:15
Speaker 3: At one point, Coinbase, probably the most important company in
14:19
Speaker 3: the world in crypto right now, flirted with leaving the
14:22
Speaker 3: United States soil because of the last regime. Here in
14:25
Speaker 3: the United States, and now we are watching some of
14:27
Speaker 3: these companies that did leave they say they're coming back.
14:31
Speaker 3: I'm not using this as like I say, hey, this
14:32
Speaker 3: coin or this corner, this corn. I'm looking at this
14:35
Speaker 3: news and saying crypto is back, Crypto has a safe
14:39
Speaker 3: America is the best place for crypto to grow. Whether
14:42
Speaker 3: your listeners are listening from America or not, America is
14:46
Speaker 3: the best place for crypto to grow because it's going
14:48
Speaker 3: to benefit everyone else worldwide. So I love seeing that.
14:51
Speaker 1: Now the institutional scenario is playing out as I think
14:54
Speaker 1: as many people have expected from a Wall Street standpoint.
14:57
Speaker 1: So absolutely has become that mainly because of Trump going
15:02
Speaker 1: in office. Let's just be honest.
15:03
Speaker 3: I don't know if you guys have played this or
15:05
Speaker 3: shown this graphic to your community. I'll show my screen here.
15:08
Speaker 3: Have you seen this graphic? I mean, zoo oh, there
15:10
Speaker 3: you go. Have you seen this graphic?
15:11
Speaker 2: Paul?
15:12
Speaker 1: This This is actually.
15:13
Speaker 3: Good, interesting, And it's not that I think the people
15:15
Speaker 3: should look at this and say, if they're coin's not
15:18
Speaker 3: in any of this, or if their coins only in
15:19
Speaker 3: one circle, you can't hold it right dose coin. There's
15:22
Speaker 3: some coins over here only in coinbase with the X
15:25
Speaker 3: that I still like, but yep, I really like looking
15:28
Speaker 3: for these coins. Obviously, Chainlink the only coin in all
15:31
Speaker 3: four circles, but look at the ones that are in
15:33
Speaker 3: three circles or more. I think this group right in here,
15:36
Speaker 3: this group right in here, I would sleep on these tokens.
15:40
Speaker 3: I think these are This is a great setup that
15:42
Speaker 3: people could use as a simple portfolio builder.
15:46
Speaker 2: Do I own.
15:46
Speaker 3: Projects that have potential massive adoption coming because of these circles.
15:51
Speaker 3: That's not a bad strategy for a beginner to start
15:54
Speaker 3: their investing with.
15:55
Speaker 1: All right, well, let's take a look at Solana for
15:58
Speaker 1: a second. But before I do that, I'll have you
16:00
Speaker 1: pulled the chart up. I want to play a clip
16:01
Speaker 1: for you. This is Kathy Wood talking about utility coming
16:06
Speaker 1: to the Trump token. Take a look.
16:09
Speaker 5: This is part of the meme coin moment. Isn't going
16:13
Speaker 5: to have any utility? We shall see. I mean, there
16:18
Speaker 5: are there is speculation that you know, you'll get to
16:22
Speaker 5: meet President Trump as one of the utilities of owning
16:27
Speaker 5: this coin. I don't know if that's the case or not.
16:30
Speaker 5: But so far we don't know of much utility for
16:34
Speaker 5: this coin, except that it is a meme coin of
16:37
Speaker 5: President Trump himself in the early days of Really, I
16:41
Speaker 5: think he's ushering in the next phase of the crypto revolution. Well, Kathy,
16:47
Speaker 5: with all that in mind, would you buy trump coin
16:51
Speaker 5: or do you generally stay away from the meme type coins. Yeah,
16:55
Speaker 5: we've pretty much stayed away from the meme coins.
17:00
Speaker 1: I know.
17:00
Speaker 5: We're very focused on the big three, so Bitcoin, Ether,
17:06
Speaker 5: and Solona.
17:09
Speaker 1: All right, So there you have it. Obviously, Trump launched
17:12
Speaker 1: on the Solona network. A lot of people looking at
17:15
Speaker 1: the meme coin as being one of the good things,
17:17
Speaker 1: maybe the good thing that helped revitalize Solana's move upwards
17:21
Speaker 1: because of the liquidity that's pouring back into Solona. When
17:25
Speaker 1: you look at Solana's chart right now, it's starting to
17:27
Speaker 1: edge two seventy again. What are your thoughts on this one.
17:31
Speaker 3: Yeah, we's start and do the same thing I did
17:33
Speaker 3: with Bitcoin. Let me share my screen here. Start by
17:36
Speaker 3: taking a deep breath and just zooming out and looking
17:39
Speaker 3: at Solana.
17:40
Speaker 2: Right.
17:41
Speaker 3: It didn't do a Bitcoin did, where we know broked
17:44
Speaker 3: all time highs long time ago. But this is the
17:46
Speaker 3: beginning of the all coin season. We shouldn't have done that.
17:49
Speaker 3: The fact that the fact that at this point in time,
17:51
Speaker 3: we're kind of switching thoughts to here. The fact that
17:53
Speaker 3: at this point time and all coin is even flirting
17:56
Speaker 3: with the concept of new all time highs is remarkable.
17:59
Speaker 3: But I go back to the simplicity of it, all
18:02
Speaker 3: higher lows, higher highs. That is a bull market. Looking
18:07
Speaker 3: at volume, I know this is a different chart because
18:09
Speaker 3: we didn't get the same thing, so this will be
18:10
Speaker 3: the more mature market, but the volume is not impressive.
18:13
Speaker 3: I do believe this bull market, we're gonna see impressive
18:16
Speaker 3: volume on Solana kind of similar to like Ethereum. If
18:19
Speaker 3: you go back and look at Ethereum's chart on the
18:21
Speaker 3: early days, you know, the first couple of years of
18:23
Speaker 3: the of the existent theorum not a lot of volume.
18:26
Speaker 3: It got a lot more volume here in twenty twenty one,
18:29
Speaker 3: So I think Solana's charts gonna be kind of similar.
18:31
Speaker 3: I think we are going to see spikes in volume
18:33
Speaker 3: when we get towards the top of a bull market,
18:35
Speaker 3: and we're not seeing that necessarily, so long way from
18:38
Speaker 3: the top.
18:38
Speaker 2: Let's just start there. Good baseline here as well.
18:40
Speaker 3: If anyone does technical analysis at home, this is gonna
18:43
Speaker 3: be a major trend line going forward that you're not
18:47
Speaker 3: gonna really feel certain about a bear market until this
18:50
Speaker 3: line gets lost. Just extend that way way way out.
18:54
Speaker 3: So that's gonna be something watching we're now're close to
18:55
Speaker 3: at the moment. Let's let's zoom in though. Let's talk
18:57
Speaker 3: about Solana as a whole. We broke all time highs
19:01
Speaker 3: here just a couple of days ago, got pulled back,
19:04
Speaker 3: and now we're floording with the concept again. I'm gonna
19:06
Speaker 3: have to zoom in there right here in just a second.
19:09
Speaker 3: What we're seeing. We had that falling channel on Solona.
19:12
Speaker 3: We broke bullishly. We're wrestling with former all time highs.
19:16
Speaker 3: We did have a momentary like this actually was a
19:19
Speaker 3: pretty negative sign I normally don't like. This is actually
19:22
Speaker 3: pretty bearish, massive volume for a very small candid with
19:25
Speaker 3: a long upper wick. That being said, all of this
19:29
Speaker 3: is going to more than likely be canceled out because
19:31
Speaker 3: of the emergence of alt coin season, and even more
19:35
Speaker 3: so it's for the four hour chart. This is where
19:36
Speaker 3: things will start getting bullish and people are gonna maybe
19:39
Speaker 3: like my analysis here.
19:40
Speaker 2: If you're a Salona holder what we're.
19:42
Speaker 3: Developing right now, don't pay attention to this big spike
19:44
Speaker 3: the initial move. What we have is a flat top
19:47
Speaker 3: resistance right here at two sixty seven, right former all
19:50
Speaker 3: time high is working as a consistent barrier to stopping
19:54
Speaker 3: Solona's price from going to the upside. We now have one, two,
19:57
Speaker 3: three major rejections, all within the last couple of days
20:01
Speaker 3: here on Solona. But notice what's happened on the support side.
20:05
Speaker 3: We are rising in our support. We're getting higher and
20:07
Speaker 3: hire each time. Imagine like a construction worker with one
20:13
Speaker 3: of those what do they call the jackhammers? Right when
20:17
Speaker 3: you preferst put the jackhammer into the concrete. It doesn't
20:19
Speaker 3: take out the concrete at first, but the more and
20:21
Speaker 3: more you do it, the more likely that concrete is
20:24
Speaker 3: to be obliterated.
20:26
Speaker 2: Well, same thing here.
20:26
Speaker 3: We got a concrete flat ceiling right now at two
20:30
Speaker 3: sixty seven. But every single time we reject, we keep
20:34
Speaker 3: getting stronger and stronger from the bulls. It is a
20:36
Speaker 3: matter of time. I can't guarantee it happens right now today,
20:39
Speaker 3: but even if we pull back here to two fifty four,
20:41
Speaker 3: that will make another case at it a stronger move,
20:43
Speaker 3: and eventually this will break. Now what's cool about this
20:47
Speaker 3: is that this actually attached to a very bullish formation
20:50
Speaker 3: that came up here since January thirteenth. This is a
20:53
Speaker 3: bull pennant, Paul. This is actually a potential big move
20:58
Speaker 3: for Solana that could send us all the way up
21:00
Speaker 3: in a short time. I'm maybe March April over four
21:04
Speaker 3: hundred dollars per coin on Solana. Not quite a two
21:08
Speaker 3: x from here, but still very very good. My long
21:11
Speaker 3: term price prediction fall of this year, even though I
21:14
Speaker 3: think we potential get an extended cycle. I think a
21:16
Speaker 3: very reasonable expectation for Solana holders by the end of
21:19
Speaker 3: this year is somewhere in the world of one thousand
21:21
Speaker 3: to eleven hundred dollars per token. We been a long
21:23
Speaker 3: way to go to the upside, though, and I'm loving,
21:26
Speaker 3: loving what I'm seeing right now on this coin.
21:27
Speaker 1: Tim, do you think that Solana could be the token
21:31
Speaker 1: that leads us out into an all coin run here as,
21:36
Speaker 1: because typically people are looking for a theoeum to be
21:38
Speaker 1: the token that is the indicator what you're wat You
21:43
Speaker 1: know what's crazy.
21:44
Speaker 3: I'm sure people who watch your show, I'm sure you've
21:45
Speaker 3: seen it. You see that graph that's like Bitcoin season
21:49
Speaker 3: leads into Ethereum season leads into large caps. I don't
21:53
Speaker 3: like that graph, Paul, and the reason why is because
21:56
Speaker 3: it's all based off of twenty twenty one. Yeah, why
21:59
Speaker 3: you never nowhere in the world of science, mathematics, no, nothing,
22:03
Speaker 3: do you ever look at something that happened one time
22:05
Speaker 3: and say this is the established rule. You need two
22:07
Speaker 3: times to make it a coincidence. At the least, you
22:10
Speaker 3: need three times to get a pattern, and then you
22:12
Speaker 3: probably need four or five times for it to become law.
22:16
Speaker 3: This has happened one time, one time, and we're all
22:19
Speaker 3: of a sudden acting like this is the expectation that
22:22
Speaker 3: being said. I like the logic of people front run bitcoin.
22:26
Speaker 3: They take some profits, they go into something else, and
22:29
Speaker 3: in twenty twenty one that was ethereum. But this year
22:33
Speaker 3: I'm looking at Solana and XRP, saying, is Solana and
22:36
Speaker 3: XRP the combination of the two of them possibly the
22:40
Speaker 3: ethereum of twenty poine one. And then you want to
22:42
Speaker 3: know what Cardono is because remember card and Solana both
22:45
Speaker 3: started running up after Ethereum. Very impressive all coins in
22:48
Speaker 3: twenty twenty one. Chainlink is my potential, like remember the
22:52
Speaker 3: way cardno melted faces in twenty twenty one. I'm looking
22:55
Speaker 3: at Shanelink right now and saying I think Chainlink is
22:57
Speaker 3: gonna be the darling of the ball market when it's
22:59
Speaker 3: all said and done. They might not get the early
23:01
Speaker 3: start the Salona XRP do, but watch them, just like
23:03
Speaker 3: Cardono did, just zoom up into a top ranking. I'm
23:08
Speaker 3: not saying top three. I think that stays. You know,
23:10
Speaker 3: Bitcoin Ethereum and then Salona XRP kind of duke it
23:14
Speaker 3: out for number three. But someone's got to be number five, right,
23:19
Speaker 3: Don't be surprised that Shane Link squeaks up there into
23:21
Speaker 3: that number fives.
23:22
Speaker 1: I know you're a big chain Link bull, so we
23:24
Speaker 1: got to chart it. But chain Link, you've got swift
23:28
Speaker 1: complete tokenization tests. This is all done. This is happening
23:32
Speaker 1: with City Bank and BNY mellon, so there's others out there.
23:35
Speaker 1: The point is is that chain Link is making moves.
23:37
Speaker 1: They're actually getting through these tests that initially were implemented
23:41
Speaker 1: some time ago and now they're being proven out. If
23:44
Speaker 1: we get a move here on, more involvement of blockchain
23:48
Speaker 1: within the banking system and oracle will be needed. And
23:51
Speaker 1: of course chain Link is right there. What does the chart.
23:53
Speaker 1: Tell you on chain link, you're talking so bullish about it.
23:56
Speaker 1: I got to see the chart.
23:57
Speaker 3: Yeah, well yeah, so let's go to the charts and
23:59
Speaker 3: and you know, long term, you're not gonna see the
24:02
Speaker 3: exact same things you're seeing with the others, right, And
24:04
Speaker 3: this is this is actually more of a traditional alt
24:07
Speaker 3: coin chart at the moment where all time highs come
24:10
Speaker 3: back in June of twenty twenty one. Sorry, may have
24:12
Speaker 3: twenty one up here at fifty three dollars, right, We
24:15
Speaker 3: we got to thirty, right, but we're not anywhere close
24:17
Speaker 3: to scratching new all time highs. But I'll tell you
24:19
Speaker 3: what's gonna be an interesting team to keep an eye
24:21
Speaker 3: on here on this longer timeframe. Paul is an inverse
24:24
Speaker 3: head and shoulders pattern that looks to be playing out.
24:27
Speaker 3: And if you're wondering what I mean, we see three dips,
24:30
Speaker 3: three dips that have happened Dip number one, beginning of
24:32
Speaker 3: the bear market. There are sorry, sorry, the summer twenty
24:35
Speaker 3: over one. That wasn't even beginning of the bar market. Even
24:36
Speaker 3: though we never.
24:37
Speaker 2: Set a new high.
24:38
Speaker 3: Then of course you have the bottom of the bear market,
24:40
Speaker 3: a bigger dip, and then we've just completed a third
24:43
Speaker 3: dip right here. But when you have three dips and
24:46
Speaker 3: the middle is the biggest one, you always have to say,
24:50
Speaker 3: all right, are we in the camp of an inverse
24:52
Speaker 3: head and shoulders pattern? Well, for that you connect the
24:54
Speaker 3: shoulders right and what I always like to see to
24:57
Speaker 3: confirm if this is one or not. You can have
25:00
Speaker 3: necklines on inverse head and shoulders. But now you go
25:03
Speaker 3: to let's get rid of these lines here because I
25:05
Speaker 3: want people to see this clearly. Now you say, okay,
25:07
Speaker 3: what are the shoulders doing. What are the peaks of
25:09
Speaker 3: the shoulders doing? Is it similar to the same slant
25:14
Speaker 3: as the neckline? And absolutely we have it here. So
25:16
Speaker 3: we have a pretty clean textbook looking inverse head and
25:20
Speaker 3: shoulders pattern. This doesn't guarantee anything. It's not saying that
25:23
Speaker 3: for certain we're gonna move to the upside, but it
25:25
Speaker 3: is a good looking pattern that could suggest for chain link.
25:29
Speaker 3: Right here, you go to the depth of the head.
25:30
Speaker 3: I'll come here to the middle. Rather than going to
25:32
Speaker 3: the deepest part, you make it up to that neckline.
25:34
Speaker 3: You put it over to the breakout spot. This right
25:36
Speaker 3: here alone is calling for an one hundred and seven
25:40
Speaker 3: dollars price action on shain Link.
25:42
Speaker 2: I think chainleink goes much higher.
25:44
Speaker 3: I actually just shot to the chain link price prediction
25:46
Speaker 3: video that's gonna be going out on my channel where
25:48
Speaker 3: I give much higher prices. But let's just start with
25:51
Speaker 3: bare minimum one hundred dollars from this formation should be
25:54
Speaker 3: something to watch for time. That's a big yes, five
25:58
Speaker 3: X from here from here, all right, I think five
26:00
Speaker 3: x is a very small piece of the pie of
26:03
Speaker 3: what Chanling ends up doing. That's my long term, short
26:05
Speaker 3: term I have a price target I'm watching for up
26:08
Speaker 3: to thirty two.
26:09
Speaker 2: You know, we're in a trade in our community. I'm
26:11
Speaker 2: looking for.
26:11
Speaker 3: Thirty two is a good take profit on our shorter
26:13
Speaker 3: term trade. That's a breakout of a falling wedge pattern.
26:16
Speaker 3: We just broke out of here not too long ago.
26:18
Speaker 3: So that's the kind of short end of what I'm
26:20
Speaker 3: seeing on chainlink right now. But long term, a lot
26:22
Speaker 3: of bullishness, a lot of bullshes I was coined in.
26:24
Speaker 3: And remember, I say, remember my perception is if you
26:29
Speaker 3: go back and look at how Cardono performed in all
26:32
Speaker 3: coin season, I think shamey could be similar.
26:36
Speaker 1: Interesting. Okay, okay, So here's my question to you. You
26:39
Speaker 1: showed this chart earlier, and this is kind of the
26:41
Speaker 1: crux of today's show. Out of these tokens right here
26:45
Speaker 1: in the American tokens, so to speak, because we feel
26:48
Speaker 1: that there's going to be a lot more executive orders
26:51
Speaker 1: and a lot more bullishness coming out of DC for
26:54
Speaker 1: American made crypto. Which one would you say is the
26:58
Speaker 1: number one American crypto? If you were looking that jar,
27:02
Speaker 1: you got Solana, their XRPS in there, Avax is in there.
27:05
Speaker 1: Who would you say?
27:06
Speaker 3: Let's clarify, because I want to be clear here, which
27:09
Speaker 3: one do I think will have the most money flow
27:11
Speaker 3: into it a market cap or which one would be
27:13
Speaker 3: the best investment.
27:16
Speaker 1: Let's go with both. Let's go with money flow and
27:18
Speaker 1: market cap and then the best one in terms of upside.
27:23
Speaker 3: Yeah, I think it's gonna be hard in these American
27:26
Speaker 3: based ones to go against the concept of XRP and Solana, right,
27:32
Speaker 3: I think they're gonna get the most money flowing in.
27:35
Speaker 3: So if we're just talking about where the market cap
27:37
Speaker 3: currently is to where it will be extra piece Solana
27:40
Speaker 3: if you if you tell me I have to choose one, Solona,
27:45
Speaker 3: Let's go Solana, all right? But I think it's so close, right,
27:48
Speaker 3: so xrprmy don't get mad at me.
27:50
Speaker 2: Don't get mad at me. I like you XRP two.
27:53
Speaker 3: If you're if you're asking me, let's let's talk about
27:57
Speaker 3: security wise, where I feel like I'm securely gonna at
28:00
Speaker 3: the most money. It's not gonna surprise people. People who
28:02
Speaker 3: watch me are gonna say they know this answer. Left
28:05
Speaker 3: and right. Chainley Jameelink is my coin that I think
28:08
Speaker 3: if I'm looking at this coin is special. It's getting
28:11
Speaker 3: massive adoption. How much money can I make. I'm gonna
28:14
Speaker 3: make so much more money off my chain League investment
28:16
Speaker 3: than I will x RP or Solana. It won't surpass
28:19
Speaker 3: them in market cap, but it'll make me more money.
28:21
Speaker 3: But the other one to keep an eye out for
28:22
Speaker 3: that people have been fudding. There was misinformation going around
28:25
Speaker 3: about how it would work out.
28:27
Speaker 2: Ono do not sleep on on Doo.
28:31
Speaker 3: This to coin that I think could realistically still have
28:34
Speaker 3: a twenty x left in it, And people were so
28:38
Speaker 3: confused and a little bit they are thrown off by
28:41
Speaker 3: that unlock that just happened on the eighteenth.
28:43
Speaker 2: But remember.
28:46
Speaker 3: A lot of times good news in crypto. That's obvious
28:48
Speaker 3: good news could end up being sell the news events
28:51
Speaker 3: and bad news. That's obvious. Bad news can be by
28:53
Speaker 3: the news events. People were so certain of a selloff,
28:56
Speaker 3: Ono popped up. It's the top mover of the top
28:59
Speaker 3: by thirty two. It's popped up ever since the eighteenth.
29:02
Speaker 3: And it's because guess who's buying it, Paul, not retail
29:05
Speaker 3: because they're scared of that dip. Is the whales, it's
29:08
Speaker 3: the institutions. This is gonna be a big player in
29:10
Speaker 3: this bull market.
29:12
Speaker 1: If you look at some of those type of tokens
29:14
Speaker 1: and then you look at you know, other scenarios playing
29:17
Speaker 1: out like Avalanche. Here's Emmen he's over on this is
29:21
Speaker 1: this you know, CEO founder of AVA Lab's other's Emin Goncier.
29:26
Speaker 1: He is now on the CFTC committee. That being Avalanche.
29:32
Speaker 1: If you look at Avalanche, because this is one that
29:34
Speaker 1: has been a laggard here recently under forty dollars again
29:38
Speaker 1: several times over the last four months, where would you
29:42
Speaker 1: put Avalanche right now? If you look at the chart, Yeah.
29:46
Speaker 2: I'll show my chart on this one.
29:47
Speaker 3: It's not going to be This one isn't exciting as
29:50
Speaker 3: some of the ones we have, but I'm gonna show
29:51
Speaker 3: you some bullishness that's still in play right here. So
29:54
Speaker 3: the first thing, it still is bullish. These are still
29:58
Speaker 3: this depend on what you want to do with this
29:59
Speaker 3: high right here, and I'll show you what I'm gonna
30:01
Speaker 3: do with in a second. I still think we're in
30:03
Speaker 3: the process the beginning stages of higher highs and higher lows. Okay,
30:06
Speaker 3: unless this price action falls below this price is seventeen
30:09
Speaker 3: eighty two, Unless we drop below seventeen dollars, eighteen dollars,
30:13
Speaker 3: we're still in the makings of higher highs and higher lows.
30:16
Speaker 3: You can see on my chart if I zoom in
30:17
Speaker 3: here what I'm gonna get to. Just talked about it
30:19
Speaker 3: with chain Link, but we got a smaller timeframe in
30:23
Speaker 3: verse and shoulders pattern developing here.
30:24
Speaker 2: With Avax.
30:25
Speaker 3: You got a nice little left shoulder right here, You
30:27
Speaker 3: got a head down here, and you have a right
30:29
Speaker 3: shoulder working right now to kind of get developed. If
30:33
Speaker 3: this one were to break out, the target would be
30:36
Speaker 3: somewhere up here, around one hundred and sixty three dollars.
30:38
Speaker 3: I think that's still low end for Avax. This is
30:40
Speaker 3: a coin I still have, you know, low and probably
30:42
Speaker 3: still getting at least two hundred, maybe pushing to four
30:44
Speaker 3: hundred dollars by the time it's all said and done.
30:47
Speaker 2: But it is slipping. It's slipping.
30:50
Speaker 3: It was, of course the number one real world assets
30:52
Speaker 3: token a week and some change ago, but then guess
30:56
Speaker 3: who jumped it to be have number one?
30:57
Speaker 2: Chain Link my favorite oracle of the wile and my
30:59
Speaker 2: favorite really what.
31:00
Speaker 3: I said, but that doesn't mean again, as we said earlier,
31:02
Speaker 3: I'm not a tribalist, I'm not a well, if I
31:05
Speaker 3: own this one token, this means I can't do others.
31:07
Speaker 2: I diversify.
31:08
Speaker 3: I don't think I'm gonna make as much money from
31:09
Speaker 3: Avax as I will chain Link. But Avax is still
31:13
Speaker 3: a good team, great project.
31:16
Speaker 1: If you're going in, Yeah, if you're going in right now, though,
31:19
Speaker 1: you've got Avax at thirty six, and then you look
31:22
Speaker 1: at a five x four chain Link up to one
31:24
Speaker 1: hundred an avalanche. If you're expecting a two hundred, that's
31:29
Speaker 1: that's a bit better if you were starting today. For
31:32
Speaker 1: people who are awaking that maybe haven't made a move
31:34
Speaker 1: into crypto yet.
31:36
Speaker 2: Yeah, I would say.
31:37
Speaker 3: But so going back to it, though one hundred isn't
31:40
Speaker 3: my price prediction for Chainlink. I think I think one
31:42
Speaker 3: hundred dollars on chain Link would be a massive disappointment something.
31:47
Speaker 2: All right, all right, I have numbers come out. I'll
31:49
Speaker 2: give you some rough numbers.
31:51
Speaker 3: North north of four hundred dollars should be where people
31:55
Speaker 3: are looking at for chain Link.
31:58
Speaker 2: Big big returns on chain Link.
32:00
Speaker 3: And I break down in my video the market cap
32:03
Speaker 3: thought processes that'll come in here.
32:05
Speaker 2: That's a big deal.
32:06
Speaker 3: Most people, when they're doing price analysis, and I'm a
32:08
Speaker 3: technical analyst, people like looking at the charts. The charts
32:10
Speaker 3: are great, but I like the charts in more micro
32:13
Speaker 3: movements to help me trade to understand where something's going.
32:18
Speaker 3: Value proposition crypto is still so early. You have to
32:21
Speaker 3: understand the value proposition. If you understand how valuable the
32:24
Speaker 3: asset is and where the market cap could get, then
32:27
Speaker 3: you simply have to understand tokenomics and it becomes an
32:29
Speaker 3: extremely simple math game. Chain Link is dramatically undervalued, AVAX
32:34
Speaker 3: is dramatically undervalued.
32:35
Speaker 2: Yeah, but when you start to.
32:37
Speaker 3: Estimate the actual values they could have based off historical results,
32:41
Speaker 3: that's where you actually start to get these good ideas
32:44
Speaker 3: of where the price is going to be. That the
32:46
Speaker 3: charts alone can't really tell.
32:47
Speaker 1: You, well, this is going to be one to watch thing,
32:50
Speaker 1: because I think there's a battle right now within those
32:53
Speaker 1: high caps, especially in the all coin space, whether you're
32:56
Speaker 1: looking at chain Link, you look at even Render to
32:58
Speaker 1: a certain extent, what's happening with Solana. Obviously Cardona will
33:03
Speaker 1: be in that race. I think, well, whether we see
33:05
Speaker 1: the kind of numbers going against some of these upper
33:08
Speaker 1: upper class tokens, especially with Solana and XRP on the
33:11
Speaker 1: move right now. The good thing is is this is
33:13
Speaker 1: all bullish, and it's if you're getting into crypto right now,
33:16
Speaker 1: it's a good time to kind of jump in. Tim.
33:19
Speaker 1: It's always fun chatting with you. If you guys have
33:21
Speaker 1: not followed Tim out there on YouTube, you can following
33:24
Speaker 1: follow him directly right over there at Investing Bros. Anyway, Tim,
33:28
Speaker 1: thanks again for coming in today. We'll definitely be looking
33:30
Speaker 1: forward to our next meeting.
33:32
Speaker 2: Easy. Good to be here, Paul, look forward to next year.
33:35
Speaker 1: All right, you guys, if you're not in our diamond circle,
33:39
Speaker 1: make sure and jump in on that. That's a great
33:41
Speaker 1: place to join. And we did something kind of cool.
33:44
Speaker 1: We launched relaunched our telegram group and you guys can
33:47
Speaker 1: join that. We always leave a link down below. It's
33:50
Speaker 1: right below the diamond circle. The diamonds circle is an email,
33:52
Speaker 1: so you get a notification via email. Sometimes we'll do
33:55
Speaker 1: trade alerts. We do all sorts of additional research, additional
33:58
Speaker 1: podcast content, and a lot of our early alfha of
34:01
Speaker 1: what we're studying and researching around because as you guys know,
34:05
Speaker 1: we're more long term, but we dive in deep on
34:09
Speaker 1: these projects to really understand kind of the narrative that's
34:11
Speaker 1: going forward. So get in on the diamond circle. It's
34:14
Speaker 1: a great place to learn a lot more. And of course,
34:17
Speaker 1: if you're not following me out there on X do that,
34:19
Speaker 1: it's just at Paul Baron. We'll catch you next time
34:21
Speaker 1: right here on tech Path