Latest / The Paul Barron Crypto Show / Time To Buy EVERYTHING!?🚨Crypto Technical Analysis with ‪The Trading Parrot

Transcript

Time To Buy EVERYTHING!?🚨Crypto Technical Analysis with ‪The Trading Parrot · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Let's step into a little bit of a market outlook,
• 0:09
  Speaker 1: we'll break down all kinds of tokens the market is
• 0:12
  Speaker 1: on the move and tell you which ones to watch.
• 0:14
  Speaker 1: You don't want to miss it. My name is Paul Barre.
• 0:16
  Speaker 1: We'll come back in the tech path. Let's thank our sponsor,
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• 0:48
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• 0:51
  Speaker 1: things I want to hit on today, of course, is
• 0:52
  Speaker 1: we're going to have mister Mariano coming in from the
• 0:56
  Speaker 1: Trading Parrot and if you guys have never visited his channel,
• 0:59
  Speaker 1: take a little bit of time go over and check
• 1:02
  Speaker 1: out the Trading Parrot on YouTube. He does a great
• 1:05
  Speaker 1: job on breaking down a lot of different analysis. Why
• 1:07
  Speaker 1: we have him on the show all the time. So
• 1:09
  Speaker 1: let's get Mariano. How are you, my man?
• 1:12
  Speaker 2: I'm very good coming back from you look.
• 1:15
  Speaker 1: Refreshed, like you're ready to get going.
• 1:19
  Speaker 2: Yeah, it's been a great week coming back. I like it.
• 1:23
  Speaker 3: I like it.
• 1:23
  Speaker 1: So let's talk about bitcoin right now on the move.
• 1:27
  Speaker 1: It is in a position right now where a lot
• 1:29
  Speaker 1: of people have said, hey, this could be one of
• 1:30
  Speaker 1: those breakouts crypto rally exceptionally high chances here. Obviously the
• 1:36
  Speaker 1: sixty five k bitcoin could get us into a very
• 1:41
  Speaker 1: heated market cycle going into this. When you look at
• 1:44
  Speaker 1: your charts right now, Mariano, what are you seeing? Because
• 1:47
  Speaker 1: everybody else is kind of saying this is the point
• 1:50
  Speaker 1: where people are going to start seeing bitcoin really take off.
• 1:53
  Speaker 3: So, first of all, I want to mention this which
• 1:57
  Speaker 3: is very important in my opinion. First of all, in
• 2:00
  Speaker 3: September we eleven percent up and this is not just
• 2:04
  Speaker 3: a green month for September, which are quite rare, but
• 2:08
  Speaker 3: also is the highest we have done so far. Of course,
• 2:12
  Speaker 3: September hasn't finished, we can account full victory, but it's
• 2:16
  Speaker 3: very promising because ending September in green typically leads to
• 2:21
  Speaker 3: three more months of upside starting with October until at
• 2:25
  Speaker 3: least December. And you can see here on the monthly
• 2:29
  Speaker 3: chart that we are doing a green and golfing candle
• 2:33
  Speaker 3: and golfing obviously the candle of August and coming back
• 2:36
  Speaker 3: above the support, turning this into just a liquidity graph
• 2:41
  Speaker 3: that is putting a lot of stress here on all
• 2:43
  Speaker 3: the shorts that there might be many of them that
• 2:46
  Speaker 3: are still with a position hoping that we eventually go
• 2:51
  Speaker 3: to lower prices, but that might not come. Many things
• 2:55
  Speaker 3: that are outside TIA that are in conference with my
• 3:01
  Speaker 3: thesis is seeing so many, so little amount of people
• 3:06
  Speaker 3: now looking in the socials at bitcoin, we are at
• 3:09
  Speaker 3: nineteen at the very lowest, and we're about to hit
• 3:13
  Speaker 3: the old time high of the previous cycle, which is incredible.
• 3:17
  Speaker 3: All the things that are extremely polish is the ETFs
• 3:21
  Speaker 3: that today are doing a new all time high with
• 3:24
  Speaker 3: eighteen point three and manage to invalidate the law that
• 3:30
  Speaker 3: they put on the ninth of September, which was a
• 3:32
  Speaker 3: lower law put in a very structure so that now
• 3:35
  Speaker 3: is invalidated and is really bullish.
• 3:37
  Speaker 2: For me, some things help me a bit concern.
• 3:42
  Speaker 3: I could say first of all, starting with this CME
• 3:46
  Speaker 3: gap that we have from fifty four point five to
• 3:49
  Speaker 3: fifty four that I've been mentioning, together with this massive
• 3:53
  Speaker 3: liquidity coming from liquidation pulls. These are stop losses and
• 3:57
  Speaker 3: potential accounts that can get liquidated if we went all.
• 4:00
  Speaker 2: The way to forty eight to forty six.
• 4:02
  Speaker 3: But right now, what I've been telling in my channel
• 4:05
  Speaker 3: to people is that it's very difficult for the market
• 4:09
  Speaker 3: maker really to push the price solo without having a
• 4:12
  Speaker 3: strong Barish narrative to be able to go that far.
• 4:17
  Speaker 3: This is a drop of eighteen thousand dollars to the
• 4:21
  Speaker 3: downside to really be able to hit those laws where
• 4:24
  Speaker 3: it's very packed of liquidity. The market maker has been protecting.
• 4:28
  Speaker 3: Actually they've been shorten at sixty five trying to keep
• 4:32
  Speaker 3: the price to go for this liquidity at sixty seven.
• 4:36
  Speaker 3: So we have a perfect recipe for a short squeeze
• 4:39
  Speaker 3: to continue going. And I've seen many people concerned as
• 4:43
  Speaker 3: well of the open interest, talking about these highs of
• 4:47
  Speaker 3: the open interest that typically are signal tops in all
• 4:51
  Speaker 3: this ranging period of six months, and we are right
• 4:54
  Speaker 3: there at the twenty one million, and the concerns from
• 4:57
  Speaker 3: people is are we going to go back and erase
• 5:01
  Speaker 3: all this rally of the open interests. And I'm inclined
• 5:05
  Speaker 3: to think that this is the time for the open
• 5:08
  Speaker 3: interests to go to a new old tum high. That
• 5:11
  Speaker 3: is actually what I'm expecting because we've been in this
• 5:14
  Speaker 3: ranch that is very similar to what we saw in
• 5:17
  Speaker 3: the previous all tump high in the previous cycle. And
• 5:20
  Speaker 3: I think now since we are once again here and
• 5:23
  Speaker 3: with all the other signals, I'm going to show you,
• 5:26
  Speaker 3: I think we have a very good chance, if not
• 5:28
  Speaker 3: the best chance we have ever had across all this
• 5:32
  Speaker 3: ranch to break about the megaphone pattern and put a
• 5:35
  Speaker 3: new oldump high. And that starts with what the whales
• 5:39
  Speaker 3: are doing. If we're focus in here. At all these
• 5:42
  Speaker 3: highs that we had there, there was distribution from Big Wells.
• 5:47
  Speaker 3: They were responsible for dropping the price from seventy three,
• 5:50
  Speaker 3: seventy two, seventy one sixty five. And right now they
• 5:55
  Speaker 3: are taking a very different stance. Now they are a
• 5:59
  Speaker 3: quin mulating. We're drawing from exchanges, and the long term
• 6:04
  Speaker 3: holders are following the same recipe they've been accumulating since July.
• 6:09
  Speaker 3: In the silence in the background, while all the short
• 6:12
  Speaker 3: term holders are getting rid of a big coin doing
• 6:16
  Speaker 3: the worst thing at the worst time. But we are
• 6:19
  Speaker 3: starting to see already bottom in patterns. We are starting
• 6:23
  Speaker 3: to see inverse left, head and shoulders heading towards sixty
• 6:28
  Speaker 3: nine heading towards seventy K. We have three green candles
• 6:33
  Speaker 3: in a row on the weekly. All of these things
• 6:35
  Speaker 3: are very bullish signals. And one of the most bullish
• 6:40
  Speaker 3: signals that I'm seeing today, which is really incredible, and
• 6:44
  Speaker 3: this is going to be the last I promise, is gold.
• 6:48
  Speaker 3: Gold has had a rally always before bitcoin does. In
• 6:54
  Speaker 3: twenty eighteen to twenty twenty, we have a massive rally
• 6:58
  Speaker 3: of gold that top around August, right at the time
• 7:02
  Speaker 3: that gold started coming down. Bitcoin had the last leg
• 7:06
  Speaker 3: from nine K to sixty five K.
• 7:10
  Speaker 2: And we have this.
• 7:12
  Speaker 3: Pattern in here that I copied from before. And he's
• 7:15
  Speaker 3: telling us that we are very close to seeing gold
• 7:18
  Speaker 3: topping out somewhere around twenty seven hundred to twenty eight
• 7:22
  Speaker 3: twenty eight hundred dollars and potentially that could be the
• 7:26
  Speaker 3: beginning of the damp of gold and the catch up
• 7:29
  Speaker 3: from Bitcoin. So very exciting things that are coming for
• 7:33
  Speaker 3: Bitcoin at the moment.
• 7:35
  Speaker 1: The scenario that's playing out with ethereum right now. And
• 7:39
  Speaker 1: before we get to the theorem, I want to play
• 7:40
  Speaker 1: a clip because many people are asking, is this really
• 7:43
  Speaker 1: the time to get in and be looking at some opportunities.
• 7:46
  Speaker 2: This was a clip that was by David Tepper.
• 7:49
  Speaker 1: And it's kind of interesting because he did a call
• 7:52
  Speaker 1: in one of the previous cycles listening.
• 7:55
  Speaker 2: What they tell me? What I'm saying, just tell me two?
• 8:01
  Speaker 4: And what did they say? They say they want economic growth?
• 8:04
  Speaker 2: Right?
• 8:04
  Speaker 4: Is that what they said? And they said, we want
• 8:06
  Speaker 4: economic growth and we don't even care. Not only do
• 8:08
  Speaker 4: we not care if there's inflation, but we want a
• 8:10
  Speaker 4: little bit more inflation. So they say they want to
• 8:12
  Speaker 4: mark it up.
• 8:13
  Speaker 2: Okay, So what am I?
• 8:14
  Speaker 4: I'm gonna say, no, fed, I disagree with you. I
• 8:16
  Speaker 4: don't want to be long. Two things are happening. It's
• 8:18
  Speaker 4: it's it's that easy sometimes. So either the economy is
• 8:21
  Speaker 4: going to get better by itself in the next three months,
• 8:23
  Speaker 4: and what assets are gonna do well? You can guess
• 8:25
  Speaker 4: the assets are gonna do well. Stocks are gonna do well,
• 8:29
  Speaker 4: bonds won't do so well, gold won't do as well.
• 8:31
  Speaker 4: Are the economy is not gonna pick up in the
• 8:34
  Speaker 4: next three months, and the Fed's gonna come in with
• 8:36
  Speaker 4: q E right then, what's gonna do well? Everything in
• 8:40
  Speaker 4: then their term?
• 8:41
  Speaker 2: Everything?
• 8:42
  Speaker 4: So the question was, was China gonna do the things
• 8:45
  Speaker 4: that you want them to do. You're saying we're gonna
• 8:47
  Speaker 4: cut and we're gonna and we'll give you more, and
• 8:49
  Speaker 4: he said, we'll do more and more if needed. I
• 8:53
  Speaker 4: don't care what this election is, and they have they're
• 8:55
  Speaker 4: worried about this candidate and that candidate. Some candidates might
• 8:58
  Speaker 4: want to go to abonomics, and I don't care. They
• 9:01
  Speaker 4: don't even understand it yet. This just happened last night.
• 9:04
  Speaker 4: The market doesn't understand it yet. I went over that
• 9:07
  Speaker 4: limit on the FED announcement. I went more when they
• 9:11
  Speaker 4: said a day or two ago on the on there FED,
• 9:14
  Speaker 4: and last night I did more. Listen a long time
• 9:17
  Speaker 4: ago in twenty ten, I think I said everything and.
• 9:21
  Speaker 2: You remember I remember you know what's good?
• 9:25
  Speaker 3: Right?
• 9:25
  Speaker 4: Everything? Okay, everything everything, just Ali bober JD. I do PDFs, everything, thing.
• 9:36
  Speaker 2: Bring me everyone? Do you mean everyone?
• 9:41
  Speaker 4: So it's everything now. I would love to see a pullback.
• 9:45
  Speaker 4: I will have another new found limit. Okay if it
• 9:47
  Speaker 4: in a pullback, But.
• 9:48
  Speaker 3: You're a hedge fund, how do you head your risk?
• 9:50
  Speaker 4: What's the counter bet.
• 9:51
  Speaker 3: That you put on that?
• 9:52
  Speaker 2: Just in case? You know?
• 9:54
  Speaker 4: What?
• 9:55
  Speaker 2: You know?
• 9:55
  Speaker 4: I you you know, I'm sitting here in a suit.
• 9:59
  Speaker 4: My count bet is that I don't care.
• 10:04
  Speaker 1: So some very interesting points coming in from Wall Street
• 10:08
  Speaker 1: right now. They see this as an indicator that is
• 10:10
  Speaker 1: very similar to twenty ten, and that there is nothing
• 10:13
  Speaker 1: you can do wrong in betting on this from what
• 10:16
  Speaker 1: is happening with the FED and ironically what's happening in
• 10:20
  Speaker 1: China and also within the Japanese markets as well. Next
• 10:23
  Speaker 1: up ethereum, is it finally get its move.
• 10:26
  Speaker 3: As I was looking at a IDIUM holding at this
• 10:30
  Speaker 3: level of support on another side thirty seven, which is
• 10:34
  Speaker 3: precisely the level we needed to hold in December when
• 10:38
  Speaker 3: we were at the same time in the previous cycle
• 10:42
  Speaker 3: in twenty twenty, and then right after that we are
• 10:46
  Speaker 3: seeing a breakout on the weekly. That is huge because
• 10:51
  Speaker 3: the timing cannot be more perfect at what I'm seeing
• 10:55
  Speaker 3: right now. I even put these color bubbels to make
• 10:58
  Speaker 3: it super easy. If you see here there is the
• 11:01
  Speaker 3: top on twenty seventeenth. Then we had the bottom in
• 11:05
  Speaker 3: in twenty eighteen. We usually bottom at around twenty eight
• 11:09
  Speaker 3: on the weekly RSI. Then we have the top on
• 11:12
  Speaker 3: twenty twenty one at a very similar RSI. This is
• 11:16
  Speaker 3: downwards sobbing. So the top was at ninety nine, then
• 11:20
  Speaker 3: it was at ninety two, and we were very close
• 11:23
  Speaker 3: to hit the top at.
• 11:24
  Speaker 2: Eighty eight on this cycle, but we didn't.
• 11:27
  Speaker 3: And now what I'm expecting to see is basically a
• 11:30
  Speaker 3: rally all the way of the RSI from forty five
• 11:34
  Speaker 3: somewhere to eighty six. If we meet with this line
• 11:38
  Speaker 3: in here in the green, I'm gonna cheat here. I'm
• 11:41
  Speaker 3: gonna use the reverse RSI. That's gonna translate values of
• 11:45
  Speaker 3: RSI into price, and that will take Ethereum into a
• 11:50
  Speaker 3: price of nine point a K. But the story doesn't
• 11:54
  Speaker 3: end just there, because if we hit this, that peak
• 11:58
  Speaker 3: is not necessarily the top of the market. That's just
• 12:01
  Speaker 3: the beginning after that. Etheridium tends to put lower lows
• 12:04
  Speaker 3: on their sign, and if we were to do that,
• 12:07
  Speaker 3: we could be seeing prices still higher like we did
• 12:11
  Speaker 3: in here, or like we did in there when we
• 12:13
  Speaker 3: also were putting lower lows in their sign, starting to
• 12:17
  Speaker 3: print parished divergences that Ithidium loves to do at the
• 12:21
  Speaker 3: end of the bull market, and if that's the case,
• 12:23
  Speaker 3: we could see Etheridium at higher prices than than k.
• 12:27
  Speaker 1: Other tokens that I want to get into. And this
• 12:29
  Speaker 1: is a question that is asked to us a lot,
• 12:32
  Speaker 1: and that is when you look at two of the
• 12:34
  Speaker 1: high performing blockchains out there, it's Solana and now Suy
• 12:39
  Speaker 1: is in the same sentence, and it's been coming more
• 12:42
  Speaker 1: and more. We just had the one of the co
• 12:44
  Speaker 1: founders of Suy.
• 12:45
  Speaker 2: On this week.
• 12:47
  Speaker 1: If you're playing Suey and Solana together, can you kind
• 12:49
  Speaker 1: of compare these two charts and give me an idea
• 12:54
  Speaker 1: of where you think these might go.
• 12:55
  Speaker 3: So I'm going to make a comparison of SUI just
• 12:58
  Speaker 3: looking initially at the I and what I'm seeing here
• 13:02
  Speaker 3: is that sue had a breakout on the tenth of August.
• 13:05
  Speaker 3: We were talking in my channel about a bottom in
• 13:08
  Speaker 3: process that was happening quite earlier than in the other coins.
• 13:12
  Speaker 3: We saw a breakout ten of August right here, and
• 13:16
  Speaker 3: I was very impressed by seeing this so early relative
• 13:22
  Speaker 3: to all the other old coins.
• 13:24
  Speaker 2: And I call out for a.
• 13:25
  Speaker 3: Breakout in here with a target to one point seven
• 13:29
  Speaker 3: and after all these shakeoffs that you can see here
• 13:33
  Speaker 3: that happened precisely at the time that the FED was
• 13:36
  Speaker 3: cutting rates. That tells me that there was a lot
• 13:39
  Speaker 3: of fear going on in there, but eventually that ended
• 13:43
  Speaker 3: up hitting the target, and that has been done a
• 13:46
  Speaker 3: lot faster that one we can see on Solana. On Solana,
• 13:51
  Speaker 3: we can see that just today twenty seven of September,
• 13:55
  Speaker 3: we are seeing that breakout. So Solana has taken a
• 13:59
  Speaker 3: step in terms of the speed of the things that
• 14:02
  Speaker 3: is doing.
• 14:03
  Speaker 2: How bullish it's looking.
• 14:05
  Speaker 3: But at the same time, Solana has a longer history
• 14:09
  Speaker 3: and is sitting on a bull flag as well in here,
• 14:13
  Speaker 3: So we cannot just say Solana is underperforming. It's just
• 14:18
  Speaker 3: that Solena hasn't made the big move yet and Sui
• 14:23
  Speaker 3: has done it earlier. But when we compare coins, we
• 14:28
  Speaker 3: cannot just compare the timing. Not being the first is
• 14:32
  Speaker 3: always been the better. What I will say is, if
• 14:36
  Speaker 3: I was thinking, if I was sitting on my hands
• 14:38
  Speaker 3: on Sui, this wouldn't necessarily be my time to start
• 14:43
  Speaker 3: buying Sui, I will be turning my head into this
• 14:47
  Speaker 3: breakout earlier on Solana that is currently in the process
• 14:52
  Speaker 3: of being confirmed this is on the daily timeframe, and
• 14:56
  Speaker 3: we are seeing today the breakout happening inconveniently.
• 14:59
  Speaker 2: I'm very about that.
• 15:01
  Speaker 3: And if we saw it confirmed as well, with this
• 15:05
  Speaker 3: bullflag breaking out to the upside in here at around
• 15:09
  Speaker 3: one hundred and seventy dollars, maybe slightly higher if I
• 15:13
  Speaker 3: correct this one hundred and seventy nine dollars, I will
• 15:16
  Speaker 3: expect a very bullish breakout. So if we were to
• 15:20
  Speaker 3: do a conservative target, taking in consideration the whole high
• 15:24
  Speaker 3: of this flag, we could be seeing Solana at three
• 15:27
  Speaker 3: hundred and seventy dollars and an aggressive target of four
• 15:31
  Speaker 3: hundred and forty dollars. That is, that could give a
• 15:34
  Speaker 3: lot more upside versus right now what we're seeing in Sui.
• 15:38
  Speaker 3: With Sui, I will expect the next coming days to
• 15:43
  Speaker 3: see a little bit of a cool off in here.
• 15:45
  Speaker 3: I will expect Sui to come back and retest support
• 15:49
  Speaker 3: positively at an Arisio sixty sixty seven in this ranch
• 15:53
  Speaker 3: in there.
• 15:54
  Speaker 1: Okay, So you feeling it might be a little bit
• 15:56
  Speaker 1: of pullback bull flag looking very positive there for Song.
• 16:00
  Speaker 1: Another one that of course I want to get into
• 16:02
  Speaker 1: is Avalanche.
• 16:03
  Speaker 2: Now.
• 16:03
  Speaker 1: The key with Avalanche is they have their event happening
• 16:06
  Speaker 1: very soon. They also have their Avalanche nine thousand launch
• 16:10
  Speaker 1: party that's happening in October, so just around the corner
• 16:14
  Speaker 1: here in Buenos Aires. It's their breakpoint version, you know.
• 16:17
  Speaker 1: So the Avalanche a Summit Latam is the name of it.
• 16:22
  Speaker 1: And of course they're doing a big deal and that
• 16:24
  Speaker 1: is a forty million dollars grant program for developers, so
• 16:26
  Speaker 1: they're putting a lot of money in the chain. So
• 16:28
  Speaker 1: could be a lot of activity on Avalanche. What does
• 16:31
  Speaker 1: the token show you right now? Because it is on
• 16:33
  Speaker 1: the move.
• 16:33
  Speaker 3: With Avalanche, I have very good news on the daily
• 16:37
  Speaker 3: time frame. I'm seeing not just the breakout on the
• 16:41
  Speaker 3: other side, but I'm also seeing that the retest has
• 16:44
  Speaker 3: already happened, and seeing Avalanche already doing this is giving
• 16:48
  Speaker 3: a good timing and at the same time seeing that
• 16:51
  Speaker 3: it has completed the double bottom formation on the price.
• 16:56
  Speaker 3: The only thing with Avalanche is that right now we
• 16:59
  Speaker 3: are a bit of extended. Obviously, there are a lot
• 17:02
  Speaker 3: of traders on Friday that are starting to go heavily long,
• 17:08
  Speaker 3: but there will be probably over the weekend some flash
• 17:11
  Speaker 3: of lungs and that could be a great entry in
• 17:14
  Speaker 3: my opinion.
• 17:15
  Speaker 1: And we're into a cycle point right now, guys, where
• 17:18
  Speaker 1: there's a handful of tokens that have started to do
• 17:21
  Speaker 1: some pretty significant moves. UNISWAP is one of these that
• 17:25
  Speaker 1: has been a little bit underperforming. Uniswap now poised for
• 17:29
  Speaker 1: a rally, a little bit on a triangle breakout. This
• 17:33
  Speaker 1: is one that is starting to get into more active
• 17:36
  Speaker 1: addresses now. So that reached a new all time high,
• 17:40
  Speaker 1: and of course it could close here a little bit
• 17:42
  Speaker 1: under and invalidate this bullish thesis. My question is do
• 17:49
  Speaker 1: you think that's the case right now with uniswap or
• 17:51
  Speaker 1: is this thing set to explode.
• 17:54
  Speaker 3: In uniswap, as you can see positively getting a squeeze
• 17:58
  Speaker 3: from the bottom, we were the resistance and yesterday we
• 18:03
  Speaker 3: broke out on the daily and we can see that
• 18:06
  Speaker 3: we have a confirm breakout on the weekly, which is
• 18:09
  Speaker 3: actually quite positive. UNI has been on the socials really
• 18:15
  Speaker 3: d up performing. This indicator here is telling me that
• 18:18
  Speaker 3: probably on Twitter, if you search for posts and people
• 18:21
  Speaker 3: talking about UNI, you are going to find very little people,
• 18:24
  Speaker 3: and that actually is bullish. Typically, when things go very
• 18:29
  Speaker 3: quiet on a coin and the coin is in the
• 18:32
  Speaker 3: process of bottoming where people are having actually the most
• 18:37
  Speaker 3: pain having to close by force their shorts and take
• 18:42
  Speaker 3: a loss. That process there is the most bullish one.
• 18:46
  Speaker 3: That's where you take the best entry. And UNSAB has
• 18:50
  Speaker 3: produced a double bottom formation probably more clear.
• 18:54
  Speaker 2: To see if we see it here on the.
• 18:57
  Speaker 3: Daily and has broken out and it's on the process
• 19:00
  Speaker 3: of targeting eight dollars. I think uniswap is following the
• 19:05
  Speaker 3: rest of the market, but clearly it has less strength
• 19:10
  Speaker 3: or less of a narrative at the moment versus the
• 19:13
  Speaker 3: rest of the coins that are very quickly breaking out
• 19:16
  Speaker 3: and taking the lead.
• 19:18
  Speaker 1: Chain Link breaking out a little bit in terms of price,
• 19:21
  Speaker 1: almost ten percent game over the last week, so not
• 19:24
  Speaker 1: a bad move for chain Link What do your charts
• 19:27
  Speaker 1: look like for chain Link right now?
• 19:29
  Speaker 3: Chain Link hasn't been one of the fastest movers, to
• 19:33
  Speaker 3: be fully honest, but it's having his time right now.
• 19:37
  Speaker 3: We are seeing a breakout on the daily. We can
• 19:40
  Speaker 3: see as well that the double bottom formation is completed,
• 19:44
  Speaker 3: but it hasn't broken out from the double bottom. It's
• 19:46
  Speaker 3: still under the resistance of roughly twelve to thirteen dollars
• 19:51
  Speaker 3: that was the previous support on all this area there.
• 19:55
  Speaker 3: It's interesting to see that the head and shoulders play
• 19:58
  Speaker 3: out and it went to eight dollars. Now we are
• 20:00
  Speaker 3: recovering from that, and now what we want to see
• 20:03
  Speaker 3: from chain Link is a break about that thirteen dollars
• 20:07
  Speaker 3: turn it into support, so we can hopefully start talking
• 20:10
  Speaker 3: about nineteen dollars.
• 20:12
  Speaker 1: Right after the last up was the issue with Poka dot.
• 20:16
  Speaker 1: There is a potential here where polka dot could be
• 20:20
  Speaker 1: the decentralized platform for TikTok if that actually goes through.
• 20:24
  Speaker 1: This was an interview we did with Rocanna talking about that,
• 20:28
  Speaker 1: and if that becomes the case, we could see some
• 20:31
  Speaker 1: pretty crazy moves on polka dot in a very quick fashion,
• 20:34
  Speaker 1: even just on that idea that they might be in
• 20:37
  Speaker 1: the game. What does the chart look like for this token?
• 20:41
  Speaker 3: There's something very interesting with polkaot in here. What I'm
• 20:44
  Speaker 3: seeing is that the week before this one, polkaot did
• 20:49
  Speaker 3: the worst performance on the socials in the whole history
• 20:53
  Speaker 3: of the coin, which is incredible. It must have been
• 20:56
  Speaker 3: really quite one week ago for polka dot decisely when
• 21:01
  Speaker 3: it was forming this double bottom formation on the weekly chart.
• 21:05
  Speaker 3: Then we had this breakout right after that. It's always
• 21:09
  Speaker 3: like that, they go very quiet and the will start
• 21:12
  Speaker 3: doing their thing their accumulation while all retails is closing
• 21:16
  Speaker 3: down their positions, similar to here as well. And now
• 21:21
  Speaker 3: we see a breakout on the weekly and that is
• 21:24
  Speaker 3: being mimiced obviously slower than the R side.
• 21:28
  Speaker 2: Their site always takes the lead, but.
• 21:31
  Speaker 3: We can see now that the price is in the
• 21:33
  Speaker 3: process of mimicking what their site has already done. So positively,
• 21:38
  Speaker 3: in the upcoming week, we're going to see the completion
• 21:42
  Speaker 3: of this pattern and seeing something similar to what their
• 21:46
  Speaker 3: site has already done. If Bitcoin continues in this price discovery,
• 21:50
  Speaker 3: I dot to mimic that and get into prices of
• 21:54
  Speaker 3: six dollars easily.
• 21:56
  Speaker 1: Yeah, well, bitcoin breaking sixty six ks. We're recording, and
• 22:00
  Speaker 1: I think you're right. I think we're in a position
• 22:02
  Speaker 1: back to that six dollar range, which has been a
• 22:05
  Speaker 1: kind of a little bit of an order order area
• 22:09
  Speaker 1: right now on polka Dot. The other thing too, that
• 22:11
  Speaker 1: I've noticed is the potential for polka Dot becoming part
• 22:16
  Speaker 1: of a decentralized social media platform like TikTok. I think
• 22:19
  Speaker 1: has re energized traders on polka Dot right now. Mariano,
• 22:24
  Speaker 1: it's always fun breaking down tokens with you. Next time
• 22:27
  Speaker 1: we have you on, we got to break down a
• 22:29
  Speaker 1: whole array of all coins. Really get d gen all coins.
• 22:33
  Speaker 1: Yeah and uh, and take a look because I think
• 22:35
  Speaker 1: the markets are starting to heat up in a position
• 22:36
  Speaker 1: where we could go that go that way. So good
• 22:39
  Speaker 1: to see you, that's what you're coming into that.
• 22:41
  Speaker 2: Thanks for having you bet.
• 22:44
  Speaker 1: All right, so you guys are maybe tuned in over
• 22:46
  Speaker 1: on the podcast side of things, well you just missed
• 22:48
  Speaker 1: all of the charts, so make sure you join here
• 22:51
  Speaker 1: on YouTube and make sure and get in on the
• 22:54
  Speaker 1: diamond circle. And always you know, when we have traders
• 22:57
  Speaker 1: on like Mariano, go back and visit their their channel.
• 23:01
  Speaker 1: And the reason is is because a lot of times,
• 23:03
  Speaker 1: you know, we do a lot of technical analysis here,
• 23:05
  Speaker 1: but it's usually on the end of the week. We're
• 23:06
  Speaker 1: gonna try to start doing this twice a week now.
• 23:08
  Speaker 1: But check out Trading Parrot over on his YouTube channel
• 23:11
  Speaker 1: just right there. Subscribe let him know you saw him
• 23:14
  Speaker 1: over on PBN. It does help him out. And of
• 23:17
  Speaker 1: course if you're not hitting me up out there on
• 23:19
  Speaker 1: X do that it's just at Paul Baron. We'll catch
• 23:21
  Speaker 1: you next time right here on tech bath, Hey, marionax