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Putin Signs Crypto Bill🚀Technical Analysis with The Trading Parrot · The Paul Barron Crypto Show

• 0:07
  Speaker 1: The market opens in a complete different position as it
• 0:10
  Speaker 1: did on Monday. Today we're going to be breaking down
• 0:12
  Speaker 1: all of that and potentially what Vladimir Putin and the
• 0:16
  Speaker 1: Putin Pump might be for bitcoin. Don't miss it. My
• 0:19
  Speaker 1: name is s Paubara. We'll come back in the tech path.
• 0:21
  Speaker 1: I want to jump into it. Today. We're going to
• 0:23
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• 0:25
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  Speaker 2: Check it out.
• 1:26
  Speaker 1: Let's go into a couple of things. I do want
• 1:28
  Speaker 1: to open up with our trader and that is coming
• 1:31
  Speaker 1: in from trading Parrot Mariano.
• 1:32
  Speaker 2: Great to have you back, Hi Bill, how are you doing?
• 1:36
  Speaker 1: Doing great? Doing great? So lot a lot of activity today.
• 1:40
  Speaker 1: I want to jump to some of the big news
• 1:42
  Speaker 1: and then I want to take a look at the
• 1:43
  Speaker 1: bitcoin chart. This of course was coming in from watching Guru.
• 1:47
  Speaker 1: Justin Vladimir Putin signals or excuse me, signs a law
• 1:51
  Speaker 1: legalizing crypto mining in Russia. This is kind of a
• 1:54
  Speaker 1: I think an issue that has been looked at for
• 1:56
  Speaker 1: quite some time. Obviously Russia organizing under brick what we
• 2:00
  Speaker 1: could see as something for dedollarization if you look at
• 2:04
  Speaker 1: some other things within Russia that has been organized.
• 2:07
  Speaker 2: One of the.
• 2:07
  Speaker 1: Things around what they had done around crypto was mostly
• 2:12
  Speaker 1: where it was not available for general investors, but it
• 2:14
  Speaker 1: was available for oligarchs. So that has changed now. And
• 2:17
  Speaker 1: you'll notice someone in the picture there that of course
• 2:20
  Speaker 1: is the Ethereum founder, and I think that is one
• 2:24
  Speaker 1: that could change things up if in fact we get
• 2:27
  Speaker 1: something like that that connect could connect that into something
• 2:31
  Speaker 1: like bricks. What I'm curious on is how does this
• 2:34
  Speaker 1: play into what you see with bitcoin right now.
• 2:41
  Speaker 2: So at the moment we are seeing kind of a
• 2:44
  Speaker 2: v recovery at least for the short term, And what
• 2:48
  Speaker 2: I'm trying to see is how we react to sixty
• 2:51
  Speaker 2: k that's at really critical level. Let me show you
• 2:54
  Speaker 2: some charts to see what called the next. The first
• 3:02
  Speaker 2: thing that I'm looking at was this CMME gap. Historically,
• 3:07
  Speaker 2: it is no doubt that we have respected and filled
• 3:10
  Speaker 2: most of the CMME gaps that are from right, not
• 3:13
  Speaker 2: just over the weekend, like for example, this one was
• 3:16
  Speaker 2: falled halfway through the week and when we were dumping
• 3:20
  Speaker 2: from sixty five k. Actually from seventy K, we went
• 3:24
  Speaker 2: all the way to forty nine point four and we
• 3:26
  Speaker 2: left here a massive gap that was actually, in my
• 3:30
  Speaker 2: point of view, was really great news because that was
• 3:33
  Speaker 2: giving us high likelihood that this was going to revert
• 3:37
  Speaker 2: to sixty K. So now the question is at the
• 3:40
  Speaker 2: sixty k is the price just coming to fill the
• 3:43
  Speaker 2: gap and then potentially put a lower law after this,
• 3:46
  Speaker 2: or are we going to see strength and then continuation
• 3:50
  Speaker 2: to the up side. So for that, what I'm looking
• 3:53
  Speaker 2: after we have completed already or our target on the
• 3:56
  Speaker 2: RSIE for hour of RISI sixty that's already gone. What
• 4:00
  Speaker 2: I'm looking next is on this breakout on the daily
• 4:04
  Speaker 2: that's very interesting to see. The problem is that this
• 4:09
  Speaker 2: candle is just the candle of a single day. Is
• 4:12
  Speaker 2: very explosive. We have seen today this move on the price,
• 4:17
  Speaker 2: and it's I wish the workout wasn't that far away
• 4:21
  Speaker 2: already because it's kind of leaving us behind. Normally my
• 4:25
  Speaker 2: trading is to wait for raclos before entering into an opposition,
• 4:30
  Speaker 2: but I think that the right thing to do now
• 4:33
  Speaker 2: is to wait for this to close today to confirm
• 4:36
  Speaker 2: that we close about this trend. Line and then look
• 4:39
  Speaker 2: for a higher loan that could be the next entry
• 4:43
  Speaker 2: for continuation to the upside, But so far it's showing
• 4:46
  Speaker 2: incredible strength following the market. The next thing I'm looking
• 4:51
  Speaker 2: at is what's going on with deposits and withdrawls from
• 4:55
  Speaker 2: large holders. For a long period of time, we have
• 4:58
  Speaker 2: seen sustain massive deposits from Wales and that is what's
• 5:04
  Speaker 2: completely oppressing the price at this ranch. But now seeing
• 5:09
  Speaker 2: the initial signs of recovery because we're seeing that we
• 5:12
  Speaker 2: are breaking down from this trend line approaching them. Hopefully
• 5:17
  Speaker 2: we can get into this ratio of one, which means
• 5:20
  Speaker 2: that deposits and withdrawals are equal in ratio. It will
• 5:26
  Speaker 2: be a good fine accumulation and people are starting to
• 5:30
  Speaker 2: feel more confident on what's coming for bitcoin. The other
• 5:35
  Speaker 2: thing that has me really excited today is to finally
• 5:40
  Speaker 2: see that the interest over time on bitcoin is spiking
• 5:44
  Speaker 2: and very aggressively together with the price. We went today
• 5:47
  Speaker 2: from twenty four to forty on Google trends, and that
• 5:51
  Speaker 2: is something that we're just trending down for months and months.
• 5:56
  Speaker 1: I was just looking at our chart. This is our
• 5:59
  Speaker 1: MSI and the case that is indicator that we've built.
• 6:02
  Speaker 1: If you guys are part of our membership, you guys
• 6:04
  Speaker 1: have access to it. One thing that we are looking
• 6:06
  Speaker 1: at this stop right here is a little bit of
• 6:09
  Speaker 1: the sentiment data that's starting to move on bitcoin. This
• 6:13
  Speaker 1: is on the four hour, so not a bad look
• 6:15
  Speaker 1: on the chart right now in terms of upward trend
• 6:17
  Speaker 1: as it starts to approach sixty K trading at fifty
• 6:20
  Speaker 1: nine right now on bitcoin. So kind of interesting to
• 6:23
  Speaker 1: see this movement.
• 6:24
  Speaker 2: All right.
• 6:25
  Speaker 1: So when you look at things that are happening in
• 6:28
  Speaker 1: the market right now, news typically moves tokens pretty quickly.
• 6:33
  Speaker 1: This news, of course, was one that I think everybody
• 6:35
  Speaker 1: was looking at, and that is Ripples's case is finally over.
• 6:39
  Speaker 1: They get slapped on the hand with a penalty of
• 6:41
  Speaker 1: one hundred and twenty five million. I know that sounds
• 6:43
  Speaker 1: like a lot, but remember the sec was going for
• 6:46
  Speaker 1: two billion, two billion and it ended up with one
• 6:49
  Speaker 1: hundred and twenty five millions. So Judge Store has really
• 6:51
  Speaker 1: kind of repositioned the whole framework around this and this
• 6:55
  Speaker 1: is now over, and of course XRP is responding what
• 6:59
  Speaker 1: do you like on the XRP chart right now in
• 7:02
  Speaker 1: terms of say the next thirty to sixty days.
• 7:05
  Speaker 2: So in order to answer that, I would like to
• 7:08
  Speaker 2: look both at the daily and the weekly chart for XRP,
• 7:12
  Speaker 2: particularly in this area in here where people started hearing
• 7:16
  Speaker 2: about the news. We know we have a massive breakout.
• 7:19
  Speaker 2: From an area of zero forty six, we went all
• 7:22
  Speaker 2: the way to zero sixty six. And I remember in
• 7:25
  Speaker 2: the past video we were together, we were at this
• 7:29
  Speaker 2: top and I was mentioning, careful, guys, because we're at
• 7:32
  Speaker 2: the top of the ranch. Rejection right here is going
• 7:35
  Speaker 2: to be considered a liquidity graph, and we want to
• 7:39
  Speaker 2: close the daily upove the top of the ranch. We
• 7:42
  Speaker 2: didn't do that, and unfortunately that was another rejection very
• 7:47
  Speaker 2: similar to many others we have had in the past
• 7:50
  Speaker 2: with XRP. So I got used to that and we
• 7:53
  Speaker 2: saw a rejection of thirty four percent. Since then, we
• 7:58
  Speaker 2: went all the way to the bottom of the ranch
• 8:00
  Speaker 2: and now we are backing here thanks to the good news.
• 8:03
  Speaker 2: But what I'm monitoring very closely to not get you know,
• 8:07
  Speaker 2: damp again on is this trend line on their side.
• 8:11
  Speaker 2: So what I want to see is I want today
• 8:14
  Speaker 2: to close the RSI above this line and the highest
• 8:18
  Speaker 2: we close of course, the most significant it will be
• 8:21
  Speaker 2: for me the breakout of the momentum that is on
• 8:24
  Speaker 2: the daily to understand whether this is a valid recout,
• 8:30
  Speaker 2: some healthy recount that I can consider that it could
• 8:35
  Speaker 2: have a longer lifetime than the one we had before
• 8:38
  Speaker 2: because it almost reverted all the profits and on the weekly.
• 8:42
  Speaker 2: What I'm looking at is that what happened that week
• 8:46
  Speaker 2: that I considered really bad was just a retest. On
• 8:50
  Speaker 2: the weekly. We broke out on the eighth of July.
• 8:54
  Speaker 2: We made it to fifty seven, came back to retest
• 8:58
  Speaker 2: the trend line at forty eight, which I find fascinated.
• 9:01
  Speaker 2: I didn't see it on the previous video, but this
• 9:04
  Speaker 2: is incredible good news because it's bouncing from the support
• 9:08
  Speaker 2: and this is a breakout with accumulation that stands all
• 9:12
  Speaker 2: the way from the tenth of July of twenty twenty three.
• 9:15
  Speaker 2: Impress it, and I hope that on the close of
• 9:18
  Speaker 2: this week, this scandle makes a new high in this
• 9:22
  Speaker 2: area around here that will be really significant for XRP.
• 9:26
  Speaker 1: I want to go to a couple of other things.
• 9:28
  Speaker 1: I was looking at one of your tweets and it
• 9:30
  Speaker 1: was this one right here, how broken or different is
• 9:34
  Speaker 1: ethereum this cycle, and there was a few things that
• 9:37
  Speaker 1: you were looking at in your video. But when we
• 9:40
  Speaker 1: look at ethereum in general, many people have said, all right,
• 9:44
  Speaker 1: you know eth is dead, you know, kind of tongue
• 9:46
  Speaker 1: in cheek. Eth is not responding against Bitcoin. There's all
• 9:50
  Speaker 1: the complaint that is not moving at the same pace.
• 9:54
  Speaker 1: How and what is your current play on ethereum.
• 9:57
  Speaker 2: Recently on Asidium, I've been mostly focusing on what's doing
• 10:01
  Speaker 2: against BDC. Of course, we want to be properly distributed
• 10:07
  Speaker 2: if we are holding a portfolio of different cryptocurrencies. I
• 10:11
  Speaker 2: had some BDC, I have tons of ethidiums. I'm quite
• 10:15
  Speaker 2: interested on Invidium doing well in this market. I think
• 10:19
  Speaker 2: Etheridium is definitely going to make all time highs. But
• 10:24
  Speaker 2: now my main focus is how it's going to perform
• 10:27
  Speaker 2: against Bitcoin. And for that I look into the Ethidium
• 10:30
  Speaker 2: BDC chart on the weekly and I'm observing a bunch
• 10:34
  Speaker 2: of patterns. Many of these patterns came from my ideas,
• 10:38
  Speaker 2: but they are combined with some ideas that came from
• 10:41
  Speaker 2: Benjamin Cowen, so I want to give some credits to
• 10:44
  Speaker 2: him as well. And two things that I'm observing. The
• 10:48
  Speaker 2: number one pattern is this pattern where we have first
• 10:53
  Speaker 2: a high. For example, in this market, in the bear
• 10:57
  Speaker 2: market in twenty fifteen, we have a high around here
• 11:00
  Speaker 2: on the third of August. Then we started holding for
• 11:03
  Speaker 2: a period and then we broke down in the summer.
• 11:06
  Speaker 2: That moment that we break down is the moment where
• 11:10
  Speaker 2: well the whales are accumulating, and that's the most explosive move.
• 11:16
  Speaker 2: You can see that here there's fifteen hundred percent. That
• 11:20
  Speaker 2: is at the top of end of the bull market
• 11:22
  Speaker 2: of twenty seventeenth. So it's very important to be able
• 11:25
  Speaker 2: to appreciate this. Very difficult to spot patterns, but so important.
• 11:32
  Speaker 2: For example, here we have the same pattern. We kick
• 11:35
  Speaker 2: in on the early bull run that's on the twenty
• 11:39
  Speaker 2: fourth of February twenty twenty. Then somewhere around here there's
• 11:43
  Speaker 2: the COVID crash, and then we come back to retest
• 11:46
  Speaker 2: that high. We can see it much clearer. I hope
• 11:50
  Speaker 2: you can see it, guys around here. So we have
• 11:52
  Speaker 2: the two bubbles. And the difference is that in this
• 11:56
  Speaker 2: bull market we never had the same pattern. We never
• 12:00
  Speaker 2: rock down early, and we never managed to confer a
• 12:03
  Speaker 2: retist because there wasn't that pattern in this particular market.
• 12:09
  Speaker 2: So it's very difficult now to forecast what's going to
• 12:12
  Speaker 2: be the next move for etherium BTC because we don't
• 12:16
  Speaker 2: have the same point of reference that we used to
• 12:20
  Speaker 2: have in the previous markets. But if we were speculating
• 12:24
  Speaker 2: that this capitulation that we have in this bubble coincides
• 12:28
  Speaker 2: with this second bubble from the previous two cycles, what
• 12:33
  Speaker 2: we should be expecting is a move towards the zero
• 12:37
  Speaker 2: five fibonacci which is located at zero point zero sixty
• 12:41
  Speaker 2: four right now on the value of ethium versus BDC.
• 12:46
  Speaker 2: And why the zero five because the previous cycle, the
• 12:51
  Speaker 2: zero five of the previous cycle was the high of
• 12:54
  Speaker 2: twenty twenty one. So if we were to repeat the
• 12:57
  Speaker 2: past performance, just as an right past performance does a
• 13:02
  Speaker 2: guarantee the same results. But if we were to do
• 13:05
  Speaker 2: the same from this bottom, and if we can call
• 13:07
  Speaker 2: this the final capitulation of athidium against btc, it looks
• 13:13
  Speaker 2: promising to me to think that we could do that
• 13:16
  Speaker 2: as well.
• 13:16
  Speaker 1: So there's a couple of things that are happening right now. Obviously,
• 13:19
  Speaker 1: you could play eth a lot of different ways. You
• 13:21
  Speaker 1: could put call options in on it, you could go
• 13:23
  Speaker 1: the route of even looking at polymarket poly marketing going
• 13:26
  Speaker 1: in on this. I'm looking at just here on August seventh,
• 13:30
  Speaker 1: we had a thirty percent opportunity. But if you look
• 13:32
  Speaker 1: at back here all the way to the first of August,
• 13:34
  Speaker 1: just last week, we were talking about a thirty nine
• 13:37
  Speaker 1: percent chance of ethereum hitting all time highs. Right now
• 13:40
  Speaker 1: the bet is around a twenty five percent chance, even
• 13:43
  Speaker 1: though it's up a little bit, but around twenty one.
• 13:45
  Speaker 1: Here's my question, would do what you think we're going
• 13:48
  Speaker 1: to hit an all time high? Do you think we're
• 13:50
  Speaker 1: going to get it in this year in twenty twenty
• 13:53
  Speaker 1: four for ethereum?
• 13:56
  Speaker 2: I think that totally in this case depends on BTC.
• 13:59
  Speaker 2: That's difficult question because in this case we are talking
• 14:04
  Speaker 2: about a proportion of zero point zero six against BTC.
• 14:08
  Speaker 2: So depending for example, if that means that if BTC
• 14:11
  Speaker 2: makes it this year to one hundred k, then with
• 14:15
  Speaker 2: that delay of potentially one or two months after you
• 14:18
  Speaker 2: typically get the ultime high of athidium. So that will
• 14:22
  Speaker 2: put esthidium in six thousand dollars if it respects the
• 14:26
  Speaker 2: zero five few or actually I was talking earlier before.
• 14:29
  Speaker 1: Right right, So a lot of a lot of dependency
• 14:33
  Speaker 1: on bitcoin to see that happen. But to your point,
• 14:36
  Speaker 1: you were kind of getting into the phase of how
• 14:39
  Speaker 1: this could affect all coin season. Uh, then you look
• 14:43
  Speaker 1: at the opportunities with all coins, Solana being one of them,
• 14:46
  Speaker 1: and if you look at the comparison right now, I mean,
• 14:49
  Speaker 1: this is news right now on Brazil approving the launch
• 14:53
  Speaker 1: of the bod etf on Solana in Brazil. Now, that
• 14:56
  Speaker 1: doesn't mean there's gonna be a lot of volume here,
• 14:58
  Speaker 1: but the point is is that we're starting to see
• 14:59
  Speaker 1: countries that are looking at Solana as an opportunity. With
• 15:03
  Speaker 1: that being the case, do you like Solana right now
• 15:06
  Speaker 1: as a trade over Ethereum. If somebody is coming into
• 15:09
  Speaker 1: the market, maybe for the first time, and they're thinking
• 15:12
  Speaker 1: I need to buy an all coin, is it going
• 15:14
  Speaker 1: to be Ethereum or is it going to be Solana.
• 15:18
  Speaker 2: I mean, with full honesty, Solana left me. Let me behind.
• 15:24
  Speaker 2: I still have a bag of Solana, but it's not
• 15:27
  Speaker 2: as significant as the one I have with Ethereum. And now,
• 15:31
  Speaker 2: by by looking at this chart, I feel a little
• 15:35
  Speaker 2: bit left behind right because we are seeing on Solana
• 15:38
  Speaker 2: a breakout from the top of the ranch and that
• 15:42
  Speaker 2: is very impressive. We are at zero point zero six.
• 15:44
  Speaker 2: Interesting that we are seeing again this number. There's a
• 15:47
  Speaker 2: zero point zero six for bitcoin and again for Solana.
• 15:50
  Speaker 2: But if on the weekly, because this is a weekly chart,
• 15:53
  Speaker 2: we were to close above this brunch, that will be
• 15:57
  Speaker 2: a breakout. But this is a very specific breakout as well.
• 16:02
  Speaker 2: On the other side that we can see here below.
• 16:04
  Speaker 2: It's a breakout of a continuation. The price has already
• 16:08
  Speaker 2: moved to the top of the ranch. It's been knocking
• 16:11
  Speaker 2: on the top trying to break out above it, and
• 16:15
  Speaker 2: it hasn't been able to do it since December. Many
• 16:19
  Speaker 2: times tried just because it had resistance from the previous
• 16:23
  Speaker 2: booll market, and eventually the momentum did it, and it
• 16:28
  Speaker 2: did it on the twenty second of July. At that point,
• 16:32
  Speaker 2: the price didn't do it yet, so it did a
• 16:34
  Speaker 2: final attempt, and now we are in the week that
• 16:37
  Speaker 2: we are about to confirm if the breakout is going
• 16:40
  Speaker 2: to stay above it. Of course, the typical recommendation if
• 16:46
  Speaker 2: you are to enter in Solana this is very high
• 16:49
  Speaker 2: risk to enter right here because it could be again
• 16:52
  Speaker 2: a liquidity graph and then pass once again back into
• 16:56
  Speaker 2: this trend line at zero zero five, So I wouldn't
• 16:59
  Speaker 2: enter that. But if I was holding Solana and I
• 17:01
  Speaker 2: was here, this is the highest likelihood that we have
• 17:05
  Speaker 2: had that we have ever had to break out and
• 17:08
  Speaker 2: do a continuation to the upside. Why am I saying
• 17:10
  Speaker 2: it's a breakout of continuation because we have two breakouts.
• 17:15
  Speaker 2: One breakout was from the bear mark. You can see
• 17:17
  Speaker 2: the prices coming down, the momentum is coming down, you
• 17:21
  Speaker 2: get the breakout, and that is the beginning of the
• 17:24
  Speaker 2: accumulation period into the new bullmark. This breakout that we
• 17:28
  Speaker 2: have here, the price has already moved to the top
• 17:31
  Speaker 2: of the ranch and it's just trying to exit from
• 17:34
  Speaker 2: this ranch. So hopefully, I think this is the highest
• 17:38
  Speaker 2: likelihood that we have ever had to break out and
• 17:41
  Speaker 2: to define a new runge. This is price exploration. That's
• 17:45
  Speaker 2: why I have my fee andaci FI and ACCI extension here.
• 17:49
  Speaker 2: Getting very close to the SEO six one, a golden
• 17:52
  Speaker 2: pocket that could be an area where we could see
• 17:54
  Speaker 2: some reversal for a retist. Then we have the one,
• 17:58
  Speaker 2: the level one that will give Zerru point zero eight
• 18:01
  Speaker 2: and very exciting levels if you're bullish on Solana. Potentially
• 18:06
  Speaker 2: we could get to the Cero zero eight. That's very
• 18:09
  Speaker 2: that that could be on the table at the moment.
• 18:12
  Speaker 1: Avalanche is the other one I want to talk about.
• 18:14
  Speaker 1: Avalanchees price brounched fourteen percent, So Avax bears hibernate. Is
• 18:20
  Speaker 1: the trend starting to shift now? Many people look at
• 18:23
  Speaker 1: Avalanche almost in the way of Ethereum that it doesn't
• 18:25
  Speaker 1: necessarily move in alignment with a lot of the other
• 18:28
  Speaker 1: all coins. When you look at Avax as a whole,
• 18:32
  Speaker 1: what is your position right now on Avax?
• 18:35
  Speaker 2: So again on Avax, I would like to look in
• 18:38
  Speaker 2: the daily and the weekly. I kept good news for
• 18:41
  Speaker 2: you guys because on the weekly we are still not
• 18:45
  Speaker 2: breaking out. So we can see that relative to what
• 18:48
  Speaker 2: we saw with Solana, we have one point of touch here,
• 18:51
  Speaker 2: another point of touch in there, and the RSI is
• 18:55
  Speaker 2: still at the lows, busy building a double bottom at
• 18:59
  Speaker 2: a level of on the other side. So hopefully this
• 19:03
  Speaker 2: double bottom is the one that is going to take
• 19:05
  Speaker 2: us into the resistance at anthers of fifty on the
• 19:08
  Speaker 2: weekly potentially to see if we had all consistems coming in.
• 19:14
  Speaker 2: Now look more in detail and we go to the daily.
• 19:18
  Speaker 2: Let me clear out these lines that are from the weekly. Recently,
• 19:23
  Speaker 2: we saw this breakdown. We found a double bottom in here,
• 19:27
  Speaker 2: and we bounced off this level of twenty six, and
• 19:32
  Speaker 2: we retested, and we are continuing with this breakout, getting
• 19:36
  Speaker 2: to level forty. So I think this is a healthy
• 19:39
  Speaker 2: breakout from the bottom of the ranch, and it could
• 19:42
  Speaker 2: be their breakout that helps us build up the remaining
• 19:48
  Speaker 2: move that we need to get for a weekly breakout.
• 19:52
  Speaker 2: That weekly breakout is the most meaningful one. What I'm
• 19:55
  Speaker 2: looking at right now is that the delta, this is
• 19:59
  Speaker 2: the number of longs versus shorts, and we're getting this
• 20:03
  Speaker 2: level of resistance very quickly here at forty four. What
• 20:07
  Speaker 2: I would like to see ideally is that this continues
• 20:11
  Speaker 2: and finally surpasses that level, retest and goes to the
• 20:14
  Speaker 2: top of the branch. If I'm already in a trade here,
• 20:18
  Speaker 2: that will be the healthiest thing to do for the price,
• 20:23
  Speaker 2: to guarantee that we get to the top and then
• 20:26
  Speaker 2: we can close that swing trade. If we are doing
• 20:29
  Speaker 2: a swing trade, thinking about entering right now for accumulation
• 20:34
  Speaker 2: for the rest of the book market, and I'm willing
• 20:36
  Speaker 2: to wait for a year or so, it doesn't really matter,
• 20:39
  Speaker 2: but this it's fine tuning is ideal if you want
• 20:43
  Speaker 2: to secure an entry that goes quickly into profit.
• 20:47
  Speaker 1: You look at Jupiter and you, I think is one
• 20:50
  Speaker 1: of those tokens. This is one that you know, I
• 20:53
  Speaker 1: personally like and investment not investment advice, but when I
• 20:57
  Speaker 1: look at these exchanges and the popularity of what's been
• 21:00
  Speaker 1: happening within the Solana ecosystem, Jupiter, of course has just
• 21:03
  Speaker 1: been super elegant. Now, of course we've got thirty percent
• 21:07
  Speaker 1: of jupe tokens now to be burned. What is your
• 21:10
  Speaker 1: chart show right now?
• 21:12
  Speaker 2: With Jupiter on the weekly I see a very interesting
• 21:14
  Speaker 2: chart in here. There's a lot of ranging during this period.
• 21:17
  Speaker 2: I think there must be some news that are holding
• 21:20
  Speaker 2: the price for a potential breakout to the upside, but
• 21:24
  Speaker 2: still not damping as hard as many other tokens. The
• 21:28
  Speaker 2: Jupiter started with hitting an autumn high at one point
• 21:31
  Speaker 2: eight that was in April this year. Since center this runch,
• 21:35
  Speaker 2: and one of the things that is calling my attention
• 21:38
  Speaker 2: is that from the bottom of the ranch, we're seeing
• 21:41
  Speaker 2: very quickly the token getting bought up from the bottom
• 21:44
  Speaker 2: of the ranch, very different to the price action that
• 21:47
  Speaker 2: we saw during July. In July, we kind of held
• 21:51
  Speaker 2: the bottom. Then we got bought up and that was
• 21:53
  Speaker 2: a massive takeout. Right, many people probably got damped from
• 21:57
  Speaker 2: one point one dollars back into this area in here.
• 22:01
  Speaker 2: So hopefully this is a this is a great sign.
• 22:04
  Speaker 2: But basically on the weekly, getting both like this is
• 22:08
  Speaker 2: promising that we could now attempt to hit the top
• 22:13
  Speaker 2: of the ranch at one point three dollars once again.
• 22:16
  Speaker 2: But let's look into the daily to see shorter term place,
• 22:19
  Speaker 2: because weekly takes quite a long time to play out.
• 22:23
  Speaker 2: At the moment we were outside the ranch on the
• 22:27
  Speaker 2: fifth of August, then we recover it. We retested today.
• 22:32
  Speaker 2: Today we came back for a retest of zero seventy six.
• 22:35
  Speaker 2: That's really healthy. And on the other side, we are
• 22:39
  Speaker 2: currently in progress consolidating this candle that is a breakout
• 22:44
  Speaker 2: candle on the other side. So that's very good timing
• 22:46
  Speaker 2: for Jupiter. I can see that the lungs are still
• 22:50
  Speaker 2: at thirty nine, so we can say below the lower range.
• 22:55
  Speaker 2: Not too many lungs in the party already enjoining. So
• 22:58
  Speaker 2: this now it needs to do, is it needs to
• 23:02
  Speaker 2: get above the level of ZEO eighty eight. That's current.
• 23:05
  Speaker 2: This is our current resistance it's the toughest level that
• 23:10
  Speaker 2: we need to conquer. What we don't want is our
• 23:13
  Speaker 2: rejection a seal eighty eight and back to the lows.
• 23:16
  Speaker 2: That that wouldn't be necessarily the end of anything. It's
• 23:20
  Speaker 2: just that it might come back for a double bottom
• 23:23
  Speaker 2: before it tried to hit the high. So careful with
• 23:27
  Speaker 2: the Zerus sixty eight if you want to enter with
• 23:29
  Speaker 2: a position. Ideally, we want to see that this breaks
• 23:33
  Speaker 2: above it and retests that level so we can write
• 23:37
  Speaker 2: it in a similar way like we did in this
• 23:39
  Speaker 2: area in here.
• 23:41
  Speaker 1: All of that being good, when make sure and check
• 23:43
  Speaker 1: out the Trading parent. You guys can usines this YouTube
• 23:46
  Speaker 1: channel and subscribe to a channel. Mariano. It's always great
• 23:49
  Speaker 1: having you on. Thanks for stopping and we appreciate it.
• 23:52
  Speaker 2: Thanks for amy Nie, Thank you. You beat all right.
• 23:55
  Speaker 1: So you guys, if you're not in the diamond circle,
• 23:57
  Speaker 1: make sure and jump in right now. It's a great
• 23:58
  Speaker 1: place to get additional content. We do additional training, but
• 24:01
  Speaker 1: we also do some podcasts over there that we don't
• 24:03
  Speaker 1: put here on the YouTube channel. So I have to
• 24:06
  Speaker 1: do is look just click the link down below. It
• 24:08
  Speaker 1: will get you there. And we also have a group
• 24:12
  Speaker 1: in there that I'm involved in quite a bit, so
• 24:14
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• 24:19
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• 24:21
  Speaker 1: APT Paul Baron. We'll catch you next time right here
• 24:23
  Speaker 1: on tech Path