Latest / The Paul Barron Crypto Show / Altcoin Recovery?🚀Technical Analysis w/ The Trading Parrot

Transcript

Altcoin Recovery?🚀Technical Analysis w/ The Trading Parrot · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Barren. Welcome back in a tech path.
• 0:08
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  Speaker 1: our link down below. It does help the channel, all right,
• 0:42
  Speaker 1: So I want to jump into it today. We're going
• 0:43
  Speaker 1: to bring in Mariano coming in from trading Parrot and
• 0:46
  Speaker 1: marian has been our show many times.
• 0:48
  Speaker 2: How are you today? Doing great? I'm very good.
• 0:50
  Speaker 3: Thanks for having people.
• 0:52
  Speaker 1: Yeah, it's gonna be good. We're gonna break down a
• 0:53
  Speaker 1: bunch of all coins for you guys today. For those
• 0:56
  Speaker 1: of you who are not following Mariano's channel, jump over there.
• 1:00
  Speaker 1: It is Trading Parrot over on YouTube, the trading parent,
• 1:03
  Speaker 1: so easy to find. He comes on our show. He's
• 1:06
  Speaker 1: one of our trusted traders and we like his analysis
• 1:11
  Speaker 1: a lot as well. So we're going to just jump
• 1:12
  Speaker 1: into it today, So make sure and follow Trading Parrot
• 1:15
  Speaker 1: over there.
• 1:16
  Speaker 2: I want to get into a couple of things here, Mariano.
• 1:18
  Speaker 1: One is, of course, the S and P five hundred
• 1:20
  Speaker 1: has now rallied a little bit fifty points plus, almost
• 1:24
  Speaker 1: the exact opposite from yesterday. A lot of the AI stocks,
• 1:27
  Speaker 1: a lot of the tax stocks.
• 1:28
  Speaker 2: All coming back in.
• 1:30
  Speaker 1: The good thing here is volatility. Volatility is in the
• 1:34
  Speaker 1: market and that's great for traders. So some very cool
• 1:37
  Speaker 1: things when you look at Bitcoin's response to what we
• 1:41
  Speaker 1: saw in the deep seek scenario playing out yesterday. First
• 1:45
  Speaker 1: of all, a nice recovery on bitcoin. What is your
• 1:48
  Speaker 1: position right now on bitcoin?
• 1:50
  Speaker 3: Four February, So February, in the beginning of the month,
• 1:57
  Speaker 3: we saw will shadow. I made sure that people were aware.
• 2:03
  Speaker 3: Let me sure share my screen. There was this spike
• 2:07
  Speaker 3: in here of deposits from Wales older than seven years old,
• 2:12
  Speaker 3: and that kind of put me on my toes prepared
• 2:16
  Speaker 3: to pay attention for any potential move. This is similar
• 2:19
  Speaker 3: to what we saw in the capitulation of FTX, and
• 2:23
  Speaker 3: follow by that the SOPR, which is people taking profits
• 2:27
  Speaker 3: closer to this area. There was these sneaky people trying
• 2:32
  Speaker 3: to take profits at elevated amounts and that happened around
• 2:37
  Speaker 3: Thursday last week, followed by Etherium people did the same.
• 2:42
  Speaker 3: But on Saturday it seems like the ball was rolling off.
• 2:46
  Speaker 3: Something was going to happen in the markets, and that
• 2:49
  Speaker 3: definitely had an effect in what I'm seeing now after
• 2:53
  Speaker 3: we had this sell off on Monday with the recovery,
• 2:58
  Speaker 3: is whether we can now on the weekly basis, challenge
• 3:02
  Speaker 3: these two tops on the weekly time frame for bitcoin,
• 3:05
  Speaker 3: because the narrative at the moment from the bears is
• 3:09
  Speaker 3: that we could potentially complete the m pattern in here
• 3:13
  Speaker 3: and then target the ATK. So what I want to
• 3:16
  Speaker 3: see is that we invalidate that, hopefully this week with
• 3:21
  Speaker 3: a third green candle with a close as close as
• 3:25
  Speaker 3: possible to the all time high, but definitely above one
• 3:30
  Speaker 3: hundred and four point four because that's the highest close
• 3:34
  Speaker 3: that we have four bitcoin on the shorter term. Looking
• 3:37
  Speaker 3: into the detail on the four hour, we can see
• 3:39
  Speaker 3: something very similar to a v recovery. Because Bitcoin has
• 3:43
  Speaker 3: been following what the SMP is doing. We have a
• 3:47
  Speaker 3: very humble breakout on the four hour that I'm currently monitoring.
• 3:51
  Speaker 3: I'm already in a long position and I'm targeting the
• 3:55
  Speaker 3: CMIGAP at one hundred and five. I am looking for
• 3:58
  Speaker 3: the liquidation levels at one hundred and t seven. This
• 4:00
  Speaker 3: is all short term liquidity. Longer term liquidity, of course,
• 4:04
  Speaker 3: we had these two big boys at the top of
• 4:08
  Speaker 3: liquidation levels that we could be potentially hitting if we
• 4:12
  Speaker 3: complete the bullish patterns that we can see in here,
• 4:17
  Speaker 3: and those targets are towards one hundred and seventeen. That
• 4:21
  Speaker 3: is the lowest hanging fruit for the long term for bitcoin.
• 4:25
  Speaker 3: But if we want to get a little bit more aggressive,
• 4:28
  Speaker 3: we can start looking even into one hundred and twenty
• 4:31
  Speaker 3: six K in the upcoming months. So that's very interesting
• 4:35
  Speaker 3: for me to pay attention.
• 4:37
  Speaker 2: That would be a significant move.
• 4:39
  Speaker 1: February has been a peak over the last several cycles,
• 4:44
  Speaker 1: so the correction here short levels are quickly regained control,
• 4:48
  Speaker 1: possibly going up to one of three. I kind of
• 4:50
  Speaker 1: zoom in on that for you guys, so you can
• 4:51
  Speaker 1: kind of see the removement right here.
• 4:53
  Speaker 2: But February has been.
• 4:54
  Speaker 1: Historically a solid period for cryptocurrency. Eight of the last
• 4:57
  Speaker 1: twelve have saw a a lot of double digit gains,
• 5:01
  Speaker 1: and we've seen that both in Bitcoin also ethereum, so
• 5:04
  Speaker 1: that will be interesting. Of course, other things that are
• 5:06
  Speaker 1: going to affect the market this week, one of course,
• 5:09
  Speaker 1: is the Federate We've got FMC meeting coming in this
• 5:11
  Speaker 1: week right now. The chance of us seeing a rate
• 5:14
  Speaker 1: hike are pretty slim, and a chance of seeing a
• 5:17
  Speaker 1: rate cut equally slim. So no change is probably going
• 5:21
  Speaker 1: to be the scenario coming out of Chair Powell, and
• 5:23
  Speaker 1: I think that may have some positive notes on the
• 5:27
  Speaker 1: market in general, especially if we continue to see the
• 5:30
  Speaker 1: inflation scenarios starting to fall off. Right now, I'm looking
• 5:33
  Speaker 1: at the six month on true inflation, and remember back
• 5:36
  Speaker 1: here in December this was just let just some forty
• 5:39
  Speaker 1: five days ago, we were at a three point one one,
• 5:42
  Speaker 1: and that was one of the high indicators there. We
• 5:44
  Speaker 1: then peaked again right here on January thirteenth, which was
• 5:48
  Speaker 1: the big concern a lot of people had, and then
• 5:52
  Speaker 1: off we go downward. So maybe we are getting into
• 5:56
  Speaker 1: a position where there is a little bit of softness
• 5:58
  Speaker 1: on the inflation side, which could open up the crypto
• 6:01
  Speaker 1: markets in general. I want to jump over to a
• 6:04
  Speaker 1: couple of other tokens. We're going to take a look
• 6:06
  Speaker 1: at XRP and also onto one of the things that's
• 6:10
  Speaker 1: happening right now. Mariano Ripple and Ono now are doing OUSG,
• 6:14
  Speaker 1: which is a tokenized US treasury on the XRP ledger.
• 6:18
  Speaker 1: Let's take a look at ONO first and see how
• 6:21
  Speaker 1: this plays out with the ONDO token and whether or
• 6:23
  Speaker 1: not this might be a good position.
• 6:25
  Speaker 3: Let's look at the daily time frame Ondo. We get
• 6:28
  Speaker 3: a very interesting development in here. In mid January, we
• 6:33
  Speaker 3: already had a breakout. It's been very bullish the price
• 6:37
  Speaker 3: action for this coin after this resistance in here that
• 6:41
  Speaker 3: stands all the way from beginning of December and then
• 6:45
  Speaker 3: the breakout has been healthy so far. I can see
• 6:48
  Speaker 3: that there is a channel to the upside and we
• 6:50
  Speaker 3: haven't broken the support so far. There was a reset
• 6:54
  Speaker 3: and the cross view ratio in the green that is
• 6:57
  Speaker 3: also very positive. Positive in terms of targets, that the
• 7:02
  Speaker 3: first initial target that I'm looking it's coming from the
• 7:06
  Speaker 3: bottoms of November into the rally into December, so we
• 7:11
  Speaker 3: can use a Fibonacci extension from there and we can
• 7:14
  Speaker 3: get the one six eight. The Golden Pocket is pointing
• 7:18
  Speaker 3: to work three point six dollars, which is very impressive.
• 7:21
  Speaker 3: So far Ondo is not doing anything unhealthy, and I'm
• 7:25
  Speaker 3: surprised how healthy is this reaction if we compare it
• 7:31
  Speaker 3: with other coins what they did in the similar timeframe
• 7:35
  Speaker 3: when when we saw the cell off for example Monday.
• 7:38
  Speaker 3: Even even so, Lana had a little bit more turnmol
• 7:42
  Speaker 3: than compared to Ondo, which is telling me that there
• 7:45
  Speaker 3: is a big appetite to get to higher prices, and
• 7:48
  Speaker 3: I wouldn't be surprised that we can start hitting the
• 7:52
  Speaker 3: psychological level of two dollars very soon.
• 7:56
  Speaker 1: Okay, I think that's a good point because one of
• 7:59
  Speaker 1: the things when you look at Hondo, this has been
• 8:01
  Speaker 1: one of those high performers for almost a year now,
• 8:04
  Speaker 1: and to see it being this healthy at this stage,
• 8:06
  Speaker 1: especially with all coins down quite a bit, is a
• 8:10
  Speaker 1: good sign. Of course, anytime you can partner up with
• 8:12
  Speaker 1: what's happening over at Ripple, that's a good thing too.
• 8:14
  Speaker 1: Let's take a look at XARP because there's a lot
• 8:16
  Speaker 1: of things within the market right now, Mariano. One of
• 8:19
  Speaker 1: the things, of course, there seems to be a struggle
• 8:21
  Speaker 1: between bitcoin and the XRP nation, so there is a
• 8:25
  Speaker 1: bit of a tribalism going on, and that is of
• 8:28
  Speaker 1: course addressing on the charts as well. Where do you
• 8:32
  Speaker 1: like XRP for the month of February.
• 8:34
  Speaker 3: Well, I have to be very transparent. I sold my
• 8:38
  Speaker 3: XRP after holding it for years, and I was looking
• 8:42
  Speaker 3: to finally sell it into the one six eight one day.
• 8:46
  Speaker 3: So that day that I hit the two point eight
• 8:48
  Speaker 3: dollars for me was a party, an ultim high and
• 8:51
  Speaker 3: selling it go for and I decided that I wasn't
• 8:54
  Speaker 3: gonna go greedy and say what if I wait for
• 8:58
  Speaker 3: the three point three because that is was one of
• 9:00
  Speaker 3: my technical targets that I believe I shared maybe with
• 9:04
  Speaker 3: you earlier last year. Let me show the chart and
• 9:08
  Speaker 3: let's see where we are with the XRP. So XRP
• 9:11
  Speaker 3: had the similar breakout by the end of the year.
• 9:15
  Speaker 3: After this resistance holding the price there, we talked about
• 9:19
  Speaker 3: that it was extremely extremely important for XRP to hold
• 9:23
  Speaker 3: two dollars and we did that three times, so very
• 9:26
  Speaker 3: well done for XRP army. They held this, they move
• 9:30
  Speaker 3: on from the guard against guard against laer era and
• 9:34
  Speaker 3: finally they are doing a breakout that is still in
• 9:37
  Speaker 3: a healthy state. In here, we have achieved the initial
• 9:41
  Speaker 3: target of three point three dollars that comes from doing
• 9:45
  Speaker 3: a few nacchi extension from the bottom of twenty twenty
• 9:49
  Speaker 3: into the top of the previous bull market and then
• 9:52
  Speaker 3: the bottom of this per market, So that gives us
• 9:56
  Speaker 3: three point three. We already achieved it. I got out
• 9:59
  Speaker 3: at two point eight, and I saw it rarely to
• 10:01
  Speaker 3: three point three, and I'm fine with that. I'm taking
• 10:03
  Speaker 3: advantage of other opportunities. And there is an additional technical
• 10:10
  Speaker 3: target for the XRP holders at the moment, which is
• 10:14
  Speaker 3: four point four dollars, and that's just taking the high
• 10:19
  Speaker 3: of this impulsive move and just projecting in here. So
• 10:23
  Speaker 3: if you want to go beyond that one six eight,
• 10:26
  Speaker 3: which is already extremely bullish target, if you want to
• 10:30
  Speaker 3: go for beyond two extensions, you can get into four
• 10:34
  Speaker 3: point four dollars. There is a chance that they can
• 10:36
  Speaker 3: get there. But again there is at the moment this
• 10:40
  Speaker 3: tension not just between BDC and XRP. There is a
• 10:46
  Speaker 3: reduced amount of liquidity at the moment in the markets,
• 10:50
  Speaker 3: and every single coin has to fight for those flows
• 10:55
  Speaker 3: of cash. So you get these pumps and then the
• 10:57
  Speaker 3: cash goes into the other coin and it's a little
• 11:00
  Speaker 3: bit more difficult to retain the gains.
• 11:04
  Speaker 1: Yeah, we've been watching the meme coin Bitcoin maxi tears,
• 11:08
  Speaker 1: and this is the good one because it has a
• 11:10
  Speaker 1: little bit of the culture set right now. And if
• 11:13
  Speaker 1: you just look back here on January twenty fifth to
• 11:14
  Speaker 1: where we're trading now, this token is up almost four
• 11:18
  Speaker 1: hundred percent. So this again is the is the XRP community.
• 11:22
  Speaker 1: It's an interesting thing to look at the XRP meme
• 11:26
  Speaker 1: tokens because I think they also give a little bit
• 11:28
  Speaker 1: of the underlying presence. You also have some other things
• 11:30
  Speaker 1: happening this year that are interesting. You've got the Bitcoin
• 11:33
  Speaker 1: conference and the XRP Vegas Conference going back to back
• 11:38
  Speaker 1: this year. So this is going to affect a lot
• 11:41
  Speaker 1: of whales out there in terms of their precision, their
• 11:44
  Speaker 1: precision on how they're playing the market. That's going to
• 11:46
  Speaker 1: be happening in May, so I'm going to be looking
• 11:48
  Speaker 1: for some fireworks. The Yeah, it's going head to head.
• 11:52
  Speaker 1: PvP is on the deck for sure.
• 11:55
  Speaker 2: Let's talk about.
• 11:56
  Speaker 1: Ethereum Mariano, because Ethereum, of course could be very hot
• 11:59
  Speaker 1: right now. Average number of addresses surpassed sixer and in
• 12:02
  Speaker 1: twenty thousand last week, so this is a highest since.
• 12:04
  Speaker 2: March of last year.
• 12:06
  Speaker 1: The other thing, if you look at the performance of
• 12:08
  Speaker 1: eth in general over the last of several cycles, especially
• 12:13
  Speaker 1: in Q one, and you can see this chart right here,
• 12:16
  Speaker 1: good performance in seventeen twenty one, and here we are
• 12:19
  Speaker 1: in twenty twenty five, where eth has been flat for
• 12:21
  Speaker 1: quite some time. Do you like Ethereum to perform here
• 12:24
  Speaker 1: in March in February.
• 12:28
  Speaker 3: I remember the last time we took about idium. We
• 12:31
  Speaker 3: were talking about the three times, the three times in
• 12:36
  Speaker 3: a row that we tried to get above beyond four
• 12:40
  Speaker 3: thousand dollars. Let me go into the chart, and I
• 12:44
  Speaker 3: think at that time and I was pretty much convinced
• 12:48
  Speaker 3: we can do it. But once I started seeing weakness
• 12:51
  Speaker 3: in this area in here, I define a few areas
• 12:54
  Speaker 3: for ethidium to take a pullback, and I say, well,
• 12:59
  Speaker 3: we can for to come back inside this symmetrical triangle.
• 13:03
  Speaker 3: That's fine. But if we get in above three point
• 13:07
  Speaker 3: five k. That is very foolish because that's going to
• 13:10
  Speaker 3: make it extremely easy for ethidium to get back outside
• 13:14
  Speaker 3: the symmetrical triangle and battle with the four thousand and
• 13:19
  Speaker 3: get into five thousand very easily. But unfortunately it went
• 13:22
  Speaker 3: into this area between three to five and three one
• 13:26
  Speaker 3: and it's been there since then. And at the moment,
• 13:30
  Speaker 3: that is getting me some hope that we can get
• 13:34
  Speaker 3: out of that, as long as we don't go below
• 13:36
  Speaker 3: three thousand, because this is the area where I qualify
• 13:39
  Speaker 3: it as bad. And then the final line in the
• 13:43
  Speaker 3: sun is if we go below two point six K,
• 13:46
  Speaker 3: so that will be really the end over. But if
• 13:50
  Speaker 3: I look now at what is giving me the hope,
• 13:53
  Speaker 3: I'm going to show you just some liquidations that are
• 13:55
  Speaker 3: quite juicy at the top that could get us beyond
• 13:59
  Speaker 3: the four thous And this is spanning up until four
• 14:03
  Speaker 3: point two, and it's slightly reducing into four point three.
• 14:08
  Speaker 3: And I think if we continue convincing people to short evidium,
• 14:14
  Speaker 3: that's going to make this a lot more attractive for
• 14:18
  Speaker 3: market maker eventually to exit from this Polish structure in here.
• 14:25
  Speaker 3: I think if we manage to break out from here,
• 14:27
  Speaker 3: we have a very good chance to get to that level.
• 14:31
  Speaker 3: And my hope to get my ticket to five thousand
• 14:35
  Speaker 3: is if when we go there, if we can manage
• 14:39
  Speaker 3: to convince more people to enter shorts in here, that's
• 14:42
  Speaker 3: going to make it just too easy to get to
• 14:45
  Speaker 3: five thousand as an initial target to exit from this
• 14:49
  Speaker 3: parishness that at the moment is affecting the opinions of
• 14:53
  Speaker 3: all people talking about ethidium in social media. I see
• 14:56
  Speaker 3: everybody spitting on video.
• 15:00
  Speaker 1: Eth has definitely had a bad sentiment hit right now,
• 15:03
  Speaker 1: and if you look at just the situation around eth
• 15:05
  Speaker 1: in general, one of the things that we've been continuing
• 15:08
  Speaker 1: to see, I think is the fact that with ethereum,
• 15:13
  Speaker 1: the problem that you're mentioning there is the shorts.
• 15:16
  Speaker 2: And if we do get above the four k mark
• 15:18
  Speaker 2: again and we start to.
• 15:20
  Speaker 1: Be somewhat positive in terms of sentiment, because right now
• 15:24
  Speaker 1: on the daily even with US, I mean, I'll zoom
• 15:26
  Speaker 1: in on this so you guys can see our own MSI,
• 15:28
  Speaker 1: this is our trading sentiment right now very negative on ethereum,
• 15:32
  Speaker 1: where if you look at XRP or even Bitcoin somewhat
• 15:35
  Speaker 1: more positive in the market right now. That's as of
• 15:38
  Speaker 1: right Now granted I get that, but I think a
• 15:40
  Speaker 1: lot of people are trying to figure out can I
• 15:42
  Speaker 1: take assets that have been in ethereum for a long
• 15:44
  Speaker 1: time and maybe shift them over to somewhere like Solana
• 15:48
  Speaker 1: and Solana of course, now a lot of activity over
• 15:51
  Speaker 1: in the dexas fifty percent of the market share driven
• 15:53
  Speaker 1: by retail adoption is happening there Solana and I asked
• 15:58
  Speaker 1: this in our own diamond circle, which, by the way,
• 16:00
  Speaker 1: if you guys are not in a diamond circle, we
• 16:02
  Speaker 1: always leave a link down below get in. But I asked, everybody,
• 16:05
  Speaker 1: is Alta maybe the ethereum of this cycle, in other words,
• 16:10
  Speaker 1: the leader to take us into all coin seasons?
• 16:12
  Speaker 2: Could that be the case? What is your opinion on
• 16:15
  Speaker 2: Solata right now where it's trading.
• 16:17
  Speaker 3: On Solana, we had a pretty decent move that we
• 16:21
  Speaker 3: took advantage in the past few weeks. I remember that
• 16:25
  Speaker 3: we mentioned that Solena was looking very weak in this area.
• 16:29
  Speaker 3: We lost the support after the breakout. If you remember
• 16:32
  Speaker 3: a few of the previous coins that we mentioned that
• 16:36
  Speaker 3: had the breakout, then they hold the support. But whereas
• 16:41
  Speaker 3: Solara lost that support in ninth of December and even
• 16:45
  Speaker 3: the move down of bitcoin in mid December, it even
• 16:49
  Speaker 3: punished even more Solara, and there was a rotation from
• 16:53
  Speaker 3: Solena to Ethidium. Even suiy was taking advantage of that.
• 16:57
  Speaker 3: I remember doing the ratios and doing analysis against other coins,
• 17:01
  Speaker 3: and we were seeing bleeding Solana against pretty much everything.
• 17:05
  Speaker 3: But after that there was a formation of a pretty
• 17:09
  Speaker 3: interesting setup in here. There is a double bottom formation
• 17:13
  Speaker 3: and we traded that neck there into resistance until the
• 17:19
  Speaker 3: sixty five That has already played out, and at the
• 17:22
  Speaker 3: moment where I'm looking is if we can hold above
• 17:26
  Speaker 3: the two hundred dollars mark so we can continue running
• 17:30
  Speaker 3: against that resistance. I expect that Solena should be doing
• 17:34
  Speaker 3: a little bit of more battling in here, and eventually,
• 17:38
  Speaker 3: if things shift for Solena, maybe around February or later
• 17:42
  Speaker 3: in February, it could break beyond that. I'm gonna show
• 17:46
  Speaker 3: a little bit of targets for Solna. By the way,
• 17:50
  Speaker 3: I flipped Solena around the two hundred and seventy dollars,
• 17:54
  Speaker 3: I was talking about that target, and I'm looking for
• 17:57
  Speaker 3: a new entry at the lows two hundred. That's where
• 18:00
  Speaker 3: my reaccumulation for Solena is. But I still think there
• 18:05
  Speaker 3: is a big upsite in here to take advantage of this,
• 18:09
  Speaker 3: because we haven't even got close to the one six eight.
• 18:13
  Speaker 3: So for example, XRP has already done that, Toronto has
• 18:17
  Speaker 3: already done that. I think Solena is just in preparation
• 18:21
  Speaker 3: for that, is just teasing towards the four hundred and
• 18:25
  Speaker 3: twenty six. At the moment at two ninety six is
• 18:28
  Speaker 3: not that much additional to get there. And since now
• 18:32
  Speaker 3: we get all the regulations in US supporting American tokens,
• 18:36
  Speaker 3: so that's really going to make it super easy. It's
• 18:38
  Speaker 3: just a matter of time, in my opinion.
• 18:42
  Speaker 1: One thing that you have to look at is the
• 18:43
  Speaker 1: ecosystem inside Solana itself. This was a note on the
• 18:47
  Speaker 1: same article Jupiter, which is a deck aggregator. There's seventy
• 18:51
  Speaker 1: percent of Solana's transactions right now. If you look at
• 18:54
  Speaker 1: Jupiter also talking about spending half its fees on buyback plans,
• 19:00
  Speaker 1: it starts to make Jupiter a target for all coins
• 19:03
  Speaker 1: in a cycle. When you look at Jupiter as a
• 19:06
  Speaker 1: potential here for the next few months, Marianna, where would
• 19:10
  Speaker 1: you play this? Would you still play strong on Solana
• 19:13
  Speaker 1: or maybe go into the ecosystem somewhere like Jupiter.
• 19:17
  Speaker 3: So on Jupiter, just looking at the technicals in here,
• 19:21
  Speaker 3: I will personally be a little bit more careful. So
• 19:25
  Speaker 3: there is the one point three resistance, and we have
• 19:29
  Speaker 3: a huge amount of loans that are accumulated at this
• 19:33
  Speaker 3: point in time, So I would say there is a
• 19:36
  Speaker 3: big chance that on that one point three dollars there
• 19:40
  Speaker 3: is a decent pullback. If you're thinking about the opportunity
• 19:44
  Speaker 3: from the fundamentals and you're looking into something a little
• 19:48
  Speaker 3: bit longer term, like a few months or maybe half
• 19:51
  Speaker 3: a year holding Jupiter until you exit at big profits,
• 19:56
  Speaker 3: I still think this is a great area to enter,
• 19:58
  Speaker 3: but from the point of vie of a swing trade,
• 20:01
  Speaker 3: the timing right there at one point three, with all
• 20:05
  Speaker 3: these lungs that are pretty much queuing to enter, it's
• 20:09
  Speaker 3: calling for a little bit of pullback in here. And
• 20:12
  Speaker 3: I can already see the rolling over happening. We have
• 20:15
  Speaker 3: had three weeks in the green, so we could see
• 20:20
  Speaker 3: the next candle in the red on the weekly after
• 20:24
  Speaker 3: we reach the one point three dollars. That could be
• 20:26
  Speaker 3: an opportunity to reduce positions if you're on a swing trade,
• 20:30
  Speaker 3: if you are planning to hold I think that this
• 20:34
  Speaker 3: has is a whole area of accumulation. We're just going sideways,
• 20:39
  Speaker 3: and I'm assuming that traders that are taking advantage of
• 20:43
  Speaker 3: these sideways, they constantly look at the one three or
• 20:47
  Speaker 3: as soon as they get above one dollars they started distribution.
• 20:51
  Speaker 3: So if you believe in the coin, just hold it
• 20:55
  Speaker 3: and go through those shakes that you're going to see
• 20:59
  Speaker 3: around one dollar. If you are in a swing, trade
• 21:01
  Speaker 3: careful with that resistance. This has been resistance since April
• 21:06
  Speaker 3: twenty twenty four, so hopefully this time is going to
• 21:10
  Speaker 3: hold and continue.
• 21:11
  Speaker 1: The last up is getting into virtuals, and this is
• 21:14
  Speaker 1: a token that has been on the base ecosystem. It's
• 21:18
  Speaker 1: getting listed now on Crack and before Coinbase, so Crack
• 21:23
  Speaker 1: and doing a little bit of a dunking on on
• 21:25
  Speaker 1: coin Base, but I anticipate coin Base is going to
• 21:28
  Speaker 1: list this token pretty soon and we may see an
• 21:30
  Speaker 1: explosion on what we'll see with virtuals. What does the
• 21:33
  Speaker 1: chart look like for virtuals right now?
• 21:35
  Speaker 3: So I'm going to start with the weekly timeframe on virtuals.
• 21:39
  Speaker 3: We have a huge rally of momentum we can see
• 21:41
  Speaker 3: in here from pretty much twenty six into ninety four,
• 21:46
  Speaker 3: so it did a full range already of the ratio
• 21:51
  Speaker 3: of the out site and it broke down. This is
• 21:55
  Speaker 3: end of December and since then it's been just hanging
• 21:59
  Speaker 3: down and telling off. That's no surprise to anybody. But
• 22:03
  Speaker 3: what I'm looking now is for where is the opportunity
• 22:06
  Speaker 3: what could bring reversal. I guess that's the question that
• 22:11
  Speaker 3: if I was interested in this coin from the point
• 22:13
  Speaker 3: of view of fundamentals, I will be looking where can
• 22:17
  Speaker 3: I get an entry here without getting that likelihood of
• 22:23
  Speaker 3: catching a falling knife. And on the daily time frame
• 22:26
  Speaker 3: we can see that this is just doing lower laws
• 22:29
  Speaker 3: and lower highs, so I will place a line like
• 22:32
  Speaker 3: this on the daily at the moment is pinching the
• 22:35
  Speaker 3: P and R. So from the point of view of statistics,
• 22:38
  Speaker 3: this is saying that at around thirty four there should
• 22:42
  Speaker 3: be a slowdown in the momentum to the downside. At
• 22:46
  Speaker 3: the same time we get everybody short, so the whole
• 22:50
  Speaker 3: community at the moment are shorting and the socials are
• 22:55
  Speaker 3: getting very quiet for this coin. It has already cooled
• 22:59
  Speaker 3: down exit from the red and there is support more
• 23:04
  Speaker 3: or less where we are in here, so I'm very
• 23:07
  Speaker 3: keen to see what's gonna be the reaction of virtual
• 23:10
  Speaker 3: against the one nine dollars two dollars roughly, which was
• 23:14
  Speaker 3: resistance in here, support and there. And if we do
• 23:18
  Speaker 3: a daily close below this and we pinch this, we
• 23:22
  Speaker 3: need to be prepared for potential great entries. And what
• 23:25
  Speaker 3: is a great entry. So in this area and here
• 23:28
  Speaker 3: below the P and R, below what statistics are saying
• 23:31
  Speaker 3: that should be the floor. If we re enter the
• 23:34
  Speaker 3: range in there, that's a great entry. If we can
• 23:38
  Speaker 3: hold it, retest it, and start moving to higher prices.
• 23:41
  Speaker 3: And on the other side, that's gonna look if it
• 23:44
  Speaker 3: happened on the other side, that's gonna look like we
• 23:47
  Speaker 3: pinch this line and then we close potentially retest, that
• 23:51
  Speaker 3: could bring another good entry. And that's definitely gonna call
• 23:57
  Speaker 3: the attention of the longs. And this is going to
• 23:59
  Speaker 3: start to the upside, and that's where you start chasing
• 24:04
  Speaker 3: the coin. People are going to start chasing the coin.
• 24:06
  Speaker 3: So try to look for an entry somewhere in this
• 24:10
  Speaker 3: area below the P and R. So I'm talking about
• 24:12
  Speaker 3: twenty seven to thirty three site daily somewhere in there,
• 24:17
  Speaker 3: and hopefully that reclaiming there so we can talk about
• 24:21
  Speaker 3: this as a liquidity and trying to catch more shorts,
• 24:25
  Speaker 3: but actually the price wants to go in the other direction.
• 24:28
  Speaker 3: That is a great setup.
• 24:30
  Speaker 1: Interesting, So a lot of things. You know, we've been
• 24:32
  Speaker 1: tracking virtuals for quite some time now. A lot of
• 24:34
  Speaker 1: the early trades were in around seventy fifty to seventy
• 24:38
  Speaker 1: cents on virtuals, which holding it around two bucks. There
• 24:42
  Speaker 1: is a you know, two to three acts here for
• 24:44
  Speaker 1: most traders that I think that we've you know, kind
• 24:47
  Speaker 1: of been watching here recently.
• 24:49
  Speaker 2: But I do agree with you.
• 24:50
  Speaker 1: I think the key here is going to be this
• 24:53
  Speaker 1: whole AI play and the AI agents, especially as it
• 24:56
  Speaker 1: plays out with now that virtuals is available on both
• 24:59
  Speaker 1: the Salona ecosystem and the Base ecosystem. There could be
• 25:03
  Speaker 1: some good things, but this whole situation with what's going
• 25:06
  Speaker 1: on in AI, especially around deep seak, could play out
• 25:10
  Speaker 1: negatively or it also could revert immediately if there's going
• 25:13
  Speaker 1: to be a player against it. So we're going to
• 25:15
  Speaker 1: be watching this one closely.
• 25:17
  Speaker 2: Mariano.
• 25:17
  Speaker 1: It's always good breaking these tokens down with you. Thank
• 25:20
  Speaker 1: you again for stopping in today.
• 25:22
  Speaker 2: We appreciate it.
• 25:24
  Speaker 3: Thanks for having me.
• 25:26
  Speaker 2: All Right, you guys, if.
• 25:26
  Speaker 1: You're not in the diamond circle, make sure and get
• 25:28
  Speaker 1: in right now. It's a great place to get additional content.
• 25:31
  Speaker 1: And guess what, we have our own telegram group over there.
• 25:33
  Speaker 1: You do not want to miss that. That's where I
• 25:35
  Speaker 1: am actually active in there. Make sure and jump over
• 25:37
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• 25:39
  Speaker 1: course follow me out there on x at Paul Baron.
• 25:41
  Speaker 1: We'll catch you next time right here on tech Bath