Latest / The Paul Barron Crypto Show / Bitcoin All-Time High Next?🔥Technical Analysis with Data Dash
Transcript
- 0:00Speaker 1: The market is hot and bitcoin could be nearing an
- 0:02Speaker 1: all time high. You guys don't want to miss this one.
- 0:04Speaker 1: Let's get right into the show today, and I want
- 0:07Speaker 1: to lead off, of course, thanking our sponsor, and that
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- 0:18Speaker 1: You're going to be able to get up to a
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- 0:22Speaker 1: I guess of some sort when you just buy fifty
- 0:26Speaker 1: bucks in crypto, so you of course can trade and
- 0:28Speaker 1: explore all sorts of tokens over there, including Bitcoin, eh XRP, Solana,
- 0:34Speaker 1: and of course get in on some of those stable
- 0:35Speaker 1: coins with USDC. Let's go over to our guest today
- 0:39Speaker 1: who has been on our show before, and that of
- 0:41Speaker 1: course is Data Dash Paul coming in.
- 0:43Speaker 2: How are you men?
- 0:45Speaker 3: I'm doing great, Paul. We got bitcoin almost at all
- 0:47Speaker 3: time highs, and Paul's at all time highs on the show.
- 0:50Speaker 2: I like it.
- 0:51Speaker 3: I like it.
- 0:51Speaker 1: If you guys haven't, if you haven't checked out his channel,
- 0:55Speaker 1: do that right now. Jump over to YouTube Data dash
- 0:58Speaker 1: right there on YouTube picking it up, doing a lot
- 1:01Speaker 1: in terms of content, educating the space out there. So
- 1:03Speaker 1: does a fantastic job. Make sure and subscribe and drop
- 1:07Speaker 1: a comment over there and just telling I came over
- 1:09Speaker 1: from PBN and in that way, at least they know
- 1:12Speaker 1: something's happening out there. Hey, listen, a couple of points
- 1:15Speaker 1: they are hitting right now. We've got a government shutdown.
- 1:18Speaker 1: Day three is in order. It doesn't look like the
- 1:21Speaker 1: market's care.
- 1:22Speaker 2: On this boss.
- 1:23Speaker 1: At this point, you know, we've got s and p
- 1:25Speaker 1: all time high bitcoin edging. It e trying to push
- 1:29Speaker 1: everything pushing right there. If you look at the chart,
- 1:31Speaker 1: it's a green day as usual in the month of
- 1:36Speaker 1: October when you look at Actually, before we go to
- 1:39Speaker 1: the chart, because we're going to give you guys a
- 1:40Speaker 1: bitcoin chart today, we're also going to take a look
- 1:42Speaker 1: at ethereum and a handful of all coins. So whether
- 1:44Speaker 1: or not this is a good time to be jumping
- 1:46Speaker 1: into this market going into the weekend, Paul will be
- 1:49Speaker 1: able to break that down for you guys. Let me
- 1:51Speaker 1: go to a clip real quick, and then I want
- 1:52Speaker 1: to get your opinion on what they say, let's cut
- 1:55Speaker 1: to somet one.
- 1:56Speaker 4: We should not expect any different today. At this point,
- 1:59Speaker 4: there just doesn't seem to be a way out of
- 2:01Speaker 4: this government shutdown. Of course, we've missed job numbers now,
- 2:04Speaker 4: and the impacts of the shutdown are only going to
- 2:06Speaker 4: get worse. Like I think, one of the big trigger
- 2:08Speaker 4: points is going to be the moment that you can't
- 2:11Speaker 4: get the paychecks out for the millions of federal workers.
- 2:14Speaker 4: They just ended up pay period that ended at the
- 2:16Speaker 4: end of September, so they were able to be paid
- 2:18Speaker 4: for that. From the economic data, you know, we're missing
- 2:21Speaker 4: the jobs numbers today. But perhaps even more important, the
- 2:24Speaker 4: BLS is not collecting information when it comes to jobs
- 2:27Speaker 4: and when it comes to prices, which means even if
- 2:29Speaker 4: you do see data release later this month or even
- 2:32Speaker 4: next month, it might not be as accurate if they've
- 2:34Speaker 4: missed a long period of time that they were supposed
- 2:37Speaker 4: to be collecting these data and getting this information. Going
- 2:40Speaker 4: to be very interesting to see as that pressure ramps up.
- 2:43Speaker 4: Do you see more Senate Democrats today say, you know what,
- 2:46Speaker 4: this isn't sustainable anymore. We're going to have to vote
- 2:48Speaker 4: to fund the government. Or do you see them continue
- 2:50Speaker 4: to hold firm and try to make some progress on healthcare.
- 2:53Speaker 1: All right, So they needed eight Democrats to come over.
- 2:55Speaker 1: I think they're up to five right now, but there's
- 2:59Speaker 1: still a lot to go here in terms of the shutdown.
- 3:02Speaker 1: How much of an impact, Paul, do you think this
- 3:03Speaker 1: has right now on the charts? It doesn't appear to
- 3:06Speaker 1: have one, But what's your opinion?
- 3:09Speaker 3: You know, honestly, just hearing that, I feel like, at
- 3:10Speaker 3: the current rate, like it doesn't like you said, it's
- 3:12Speaker 3: like the markets just don't care for me. I'm actually tracking,
- 3:15Speaker 3: especially for bitcoin right now and everything else, that we
- 3:18Speaker 3: could see a little bit more upside here in the
- 3:19Speaker 3: next few weeks. And just thinking out loud now listening
- 3:21Speaker 3: to that, as if the government comes, you know, back
- 3:24Speaker 3: online towards the end of this month, and we get
- 3:26Speaker 3: to all the new information at that point, that might
- 3:28Speaker 3: actually cause a little bit of a cool down at
- 3:29Speaker 3: that point. So it's one of those things where I
- 3:31Speaker 3: feel like, right now it's kind of in limbo, we're
- 3:33Speaker 3: still seeing upside. When those things come back into play,
- 3:36Speaker 3: it actually might coolest off for a bit.
- 3:38Speaker 2: Just in the job, Yeah, the job's numbers could come
- 3:41Speaker 2: back in.
- 3:42Speaker 1: I still think though the job's numbers are a bunch
- 3:44Speaker 1: of backus this most of the time it's inaccurate. They
- 3:46Speaker 1: adjust them down or up. It's one of those scenarios.
- 3:50Speaker 1: You look at just inflation right now, trueflation holding out
- 3:53Speaker 1: at two and a quarter. Kathy Wood is claiming that
- 3:56Speaker 1: she thinks inflation is going to drop under two next year.
- 3:59Speaker 1: Of course that'll ligne with the potential of getting more
- 4:01Speaker 1: FED rate cuts, or it could be when you look
- 4:04Speaker 1: at rate cuts coming in.
- 4:06Speaker 2: Do you think we're in a position.
- 4:07Speaker 1: Right now where we could see PCE rate cuts along
- 4:13Speaker 1: with what could be a rapid let me kind of
- 4:15Speaker 1: zoom in on that, a rapidly deteriorating labor market playing
- 4:19Speaker 1: into this that will push bitcoin well passed its all
- 4:23Speaker 1: time high by end of year. What is your opinion
- 4:25Speaker 1: on where bitcoin goes from there?
- 4:27Speaker 2: If you go to your chart.
- 4:30Speaker 3: Yeah, absolutely, so, I'll go ahead and pull up the
- 4:32Speaker 3: chart here, and so you know, last time I was
- 4:37Speaker 3: actually on here a few months back, we were trading
- 4:39Speaker 3: around one hundred and seven thousand dollars and just without
- 4:41Speaker 3: any kind of news that we were You know that
- 4:44Speaker 3: at this point you kind of it's so hard to
- 4:45Speaker 3: even keep up with some of it. But my idea
- 4:48Speaker 3: said at that point was that we would see about
- 4:49Speaker 3: one hundred and thirty thousand dollars on bitcoin and specifically
- 4:54Speaker 3: around the twenty ninth of September this year, which were
- 4:58Speaker 3: which we're coming into essentially right now, right, so, and
- 5:01Speaker 3: I based that off of this setup here that basically
- 5:04Speaker 3: was from our carry trade low you know, to our
- 5:06Speaker 3: high side of basically Inauguration day to our lobick you know,
- 5:09Speaker 3: where we put in the tariffs. And this is a
- 5:11Speaker 3: harmonic setup which is a sequence of Fibonacci's and won't
- 5:14Speaker 3: really bore everybody with it, but essentially there's a time
- 5:16Speaker 3: point where this comes into play with a Fibonacci expansion area.
- 5:20Speaker 3: Both of them lined up with the end of September
- 5:22Speaker 3: twenty ninth, which was obviously this week now, and before
- 5:26Speaker 3: that we already came up to about one twenty five
- 5:27Speaker 3: just a few weeks ago. So this was kind of
- 5:29Speaker 3: my uh, I don't want to say like the end
- 5:32Speaker 3: of the year like target, but this is definitely something
- 5:35Speaker 3: where I feel like we're going to probably see a
- 5:37Speaker 3: sizable pullback from this region. So for me, honestly, I
- 5:39Speaker 3: think we push up a little bit more into this
- 5:41Speaker 3: region and have to pay attention about this one forty,
- 5:43Speaker 3: and honestly, I think we end the year back down
- 5:45Speaker 3: towards one hundred k if I'm being honest.
- 5:47Speaker 1: Oh okay, all right, so you're you're more bullish on
- 5:51Speaker 1: short term and more bearish on long term into end
- 5:54Speaker 1: of year December.
- 5:56Speaker 3: Yeah, I think that we exactly. I think that we're
- 5:59Speaker 3: going to probably see a few more weeks here, like
- 6:00Speaker 3: you know, the October is going to be here. Maybe
- 6:02Speaker 3: this Q four kind of showcases a few weeks here
- 6:04Speaker 3: with the all coins pushing up. I still think we
- 6:06Speaker 3: got more upside right now. But we're coming into a
- 6:08Speaker 3: major period where you know, I've been pointing out that
- 6:10Speaker 3: if we're going to see another sizeable thirty and I
- 6:13Speaker 3: don't think like bear market by any means, but just
- 6:15Speaker 3: something we've seen pretty much the entire way right where
- 6:17Speaker 3: we've got these slow kind of sideways and down thirty
- 6:20Speaker 3: percent pullback, slow sideways and down thirty percent point. I
- 6:22Speaker 3: think that that's what's going to come out of this
- 6:24Speaker 3: region where we're at trading right now up to about
- 6:26Speaker 3: one thirty one forty, which takes us back into like
- 6:29Speaker 3: eighties and nineties, and honestly, from there, I'm looking for
- 6:31Speaker 3: the next rally into twenty twenty six being very very
- 6:34Speaker 3: big again.
- 6:37Speaker 2: All right, well there you heard it, guys.
- 6:38Speaker 1: I mean, there's some opportunity here in terms of the
- 6:40Speaker 1: volatility with that bitcoin right now, JP Morgan, it seems
- 6:44Speaker 1: like there's a lot of people piling on these these
- 6:46Speaker 1: these massive numbers. One sixty five now is JP Morgan's
- 6:51Speaker 1: target of a potential region. If you look at just
- 6:54Speaker 1: the comparison on gold, one of the things that they've done.
- 6:57Speaker 2: Right here, this is a good example.
- 6:59Speaker 1: Do you think bitcoin and gold ever detach from each other,
- 7:03Speaker 1: because they look pretty tight right here in terms of correlation.
- 7:08Speaker 3: Yeah, honestly, I don't. I don't know. You know. One
- 7:12Speaker 3: of the things that to me that I really have
- 7:14Speaker 3: been focused on over the last few years is looking
- 7:16Speaker 3: at the twenty year housing market, twenty year economic cycle,
- 7:19Speaker 3: the business cycle, if you will, kind of noted that
- 7:22Speaker 3: bitcoin and crypto have been putting in their first twenty
- 7:24Speaker 3: year cycle, especially the fact that it was born at
- 7:26Speaker 3: the end of you know, the two thousand and eight collapse,
- 7:28Speaker 3: which was our notable last high. I think that gold
- 7:31Speaker 3: is probably the only true thing we can compare Bitcoin
- 7:34Speaker 3: to at this point. And one of the biggest reasons
- 7:37Speaker 3: I look to that as well is because now the ETFs, right,
- 7:39Speaker 3: So Bitcoin just got its ETF in twenty twenty four.
- 7:43Speaker 3: To me, just kind of looking back at that housing
- 7:45Speaker 3: market idea where we could probably see a really big
- 7:48Speaker 3: high coming in the next few years. Gold got its
- 7:52Speaker 3: ETF four years exactly four years in two thousand and four,
- 7:55Speaker 3: right before two thousand and eight collapse, and Bitcoin, to me,
- 7:58Speaker 3: I think is line to do exactly the same thing
- 8:01Speaker 3: we got the ETF in twenty twenty four. In a
- 8:03Speaker 3: big theory here, if if within twenty twenty seven twenty
- 8:06Speaker 3: twenty eight we see a pullback, I think that Bitcoin
- 8:09Speaker 3: is basically going to follow right in Gold's footsteps. So
- 8:11Speaker 3: they answered the question of will they ever like separate,
- 8:14Speaker 3: I think for like the foreseeable the next few years
- 8:16Speaker 3: that I don't think it will. I think that the
- 8:18Speaker 3: two of them are pretty much locking key at this point.
- 8:21Speaker 1: Well, and I mean you got to look at the
- 8:23Speaker 1: movement that we've seen on gold just in comparison here,
- 8:27Speaker 1: if you go all the way back to eighteen, I mean,
- 8:29Speaker 1: what's that been back from twenty eighteen to where gold
- 8:33Speaker 1: is punching through right now, which has been significant, holding
- 8:37Speaker 1: out at its all time high thirty eight hundred. That's
- 8:39Speaker 1: still a two hundred percent move here for gold.
- 8:42Speaker 3: Now.
- 8:42Speaker 1: Granted it has had that period of time, which was
- 8:45Speaker 1: really around twenty twenty where it kind of did that
- 8:48Speaker 1: sideways range. So do you think bitcoin gets to that
- 8:51Speaker 1: point where there's less volatility in the market and kind
- 8:54Speaker 1: of follows the path of gold.
- 8:57Speaker 3: I do, actually, And like I said, and I'll take
- 9:00Speaker 3: a look at the gold chart here too. Well I
- 9:02Speaker 3: just kind of cover this idea, but so yeah, looking
- 9:04Speaker 3: at the gold same way I was looking at the
- 9:07Speaker 3: sixty I'm sorry, thirty six hundred dollars area was a
- 9:09Speaker 3: big region I was looking to for us to come
- 9:11Speaker 3: up to in this year and just you know, no
- 9:13Speaker 3: breaks at all, Like it was just blew right through it.
- 9:15Speaker 3: So at this point, I imagine we're on our way
- 9:17Speaker 3: to four thousand, well four thousand doun too far away,
- 9:20Speaker 3: but forty four hundred at some point. And the idea, yeah,
- 9:23Speaker 3: behind that is And the only unfortunate part is I
- 9:25Speaker 3: don't have the gold chart that goes back, you know,
- 9:27Speaker 3: any longer than this, because of course we have to
- 9:29Speaker 3: look at some websites. But yeah, to compare bitcoin and gold,
- 9:33Speaker 3: I very much anticipate the Bitcoin price to start to
- 9:38Speaker 3: follow gold in the sense of where you don't get
- 9:39Speaker 3: these seventy to eighty percent pullbacks and bitcoin anymore more
- 9:43Speaker 3: than likely you get these thirty and forty probably and
- 9:45Speaker 3: then even smaller than that. Even what'd you say for
- 9:47Speaker 3: twenty twenty pullbacks here in gold? It was twenty percent,
- 9:50Speaker 3: This was probably twenty five percent, and then yeah, otherwise
- 9:53Speaker 3: than that, it's just been up only as the you know,
- 9:56Speaker 3: as a true hedge. I guess you could say, even
- 9:58Speaker 3: though everything else is going up at the same time.
- 9:59Speaker 3: Right now, I do think that Bitcoin follows in those
- 10:02Speaker 3: footsteps for sure.
- 10:03Speaker 1: All right, so less volatility. Some people are kind of
- 10:06Speaker 1: pointing to that issue. One thing that I think is
- 10:09Speaker 1: really going to showcase here, and this was what we
- 10:13Speaker 1: talked about in our last video, ETH to lead the
- 10:16Speaker 1: next all coin rally. The question I have is in
- 10:19Speaker 1: this video when we called that, I think our ETH
- 10:21Speaker 1: number was right there. In June, we would be up
- 10:26Speaker 1: eighty three percent if you listen to Paul back then.
- 10:29Speaker 1: So nice move on Ether. But in some cases people
- 10:33Speaker 1: were expecting Ethereum to do a little bit more in
- 10:36Speaker 1: terms of aggressive upside.
- 10:38Speaker 2: Where do you think eth goes.
- 10:40Speaker 1: Between now and end of year where you're talking about
- 10:43Speaker 1: a pullback on bitcoin?
- 10:46Speaker 3: Yeah, so you know, it really comes down to the
- 10:50Speaker 3: time points when you're looking because of course, yeah, like
- 10:52Speaker 3: we haven't seen Ethereum break all time highs. And I'll
- 10:56Speaker 3: just kind of cover some of this episode doesn't look
- 10:57Speaker 3: too confusing, But if you're looking at the recent move
- 11:02Speaker 3: in eth, we came off of what fourteen hundred dollars
- 11:04Speaker 3: to forty nine so far, so like two hundred and
- 11:06Speaker 3: sixty percent. Obviously if you bought the exact load, which
- 11:08Speaker 3: most people don't obviously, but yeah, same thing here. I
- 11:11Speaker 3: was anticipating a little bit more gas in the tank
- 11:14Speaker 3: as we came up to this region. As we go on,
- 11:16Speaker 3: obviously we have to adapt to the new information. But
- 11:19Speaker 3: for me, with looking at Bitcoin potentially pushing up to
- 11:21Speaker 3: that one thirty target area in the next coming weeks,
- 11:25Speaker 3: eth here has basically just pushed up really strongly. And
- 11:28Speaker 3: then as you'll note, I have a couple of Fibonacci
- 11:30Speaker 3: or tracement zones, very simple just pulled off of the
- 11:32Speaker 3: last swing loop pretty much where you and I actually
- 11:34Speaker 3: talked last yeah, and then it pushed up to this region.
- 11:36Speaker 3: I'm pulling it off of this. So when you start
- 11:38Speaker 3: to get these slow pullbacks and this took about a month,
- 11:41Speaker 3: everybody gets really bearish, starts targeting the gold pocket or
- 11:44Speaker 3: maybe even seventy eighty six and lower. For me, I
- 11:46Speaker 3: look for these strong trends to get continuation off the
- 11:49Speaker 3: three eight two. It's what we tend to see a
- 11:50Speaker 3: lot of times, and really strong trends, whether it's up
- 11:52Speaker 3: or down, and at this point I anticipate ETH to
- 11:56Speaker 3: come back to break that all time high. Still, I'm
- 11:58Speaker 3: looking at least five thousand, six hundred by the end
- 12:01Speaker 3: of this year, which is not a crazy, you know,
- 12:04Speaker 3: interesting area. I'm sure for most people's about fifteen percent
- 12:06Speaker 3: from where we are now, but overall probably in the
- 12:08Speaker 3: six to seven K area. I still think we have
- 12:10Speaker 3: a chance for six to seven k eighth this year
- 12:12Speaker 3: and then a rollover, a cool down and twenty twenty six. Paul,
- 12:16Speaker 3: I'm really looking at as a major, major opportunity where
- 12:19Speaker 3: many probably will look at it as a bear market
- 12:21Speaker 3: if we get a big pullback in the next coming months,
- 12:23Speaker 3: because everybody's looking at you know, four year cycle, it's
- 12:25Speaker 3: Q four if Bitcoin maybe tops. I don't think we
- 12:28Speaker 3: get a crazy, you know, bottoming action. I think it
- 12:30Speaker 3: will get a cool down for just like we've seen
- 12:32Speaker 3: this whole run and then we actually get a bad,
- 12:35Speaker 3: big move to the upside in twenty twenty six.
- 12:37Speaker 1: The year prediction is twenty twenty six. Is this is
- 12:40Speaker 1: a layup that we're dealing with right now going into
- 12:44Speaker 1: this four year cycle comparison twenty twenty six because of
- 12:48Speaker 1: is your thesis mainly because of the packed in rate cuts,
- 12:51Speaker 1: because obviously May we'll see Trump's new you know, Chair
- 12:55Speaker 1: of the Fed come in. It's likely that we could
- 12:57Speaker 1: see as much as a one point fall off after
- 13:00Speaker 1: three cuts into January.
- 13:03Speaker 2: If all of that plays into it, Is that.
- 13:05Speaker 1: Your thesis and the fact that we might be getting
- 13:08Speaker 1: jobs coming back in so economy we'll be stronger. Where
- 13:11Speaker 1: do you think it's coming from.
- 13:13Speaker 3: It's it's tough to put with, Like some of the
- 13:15Speaker 3: news catalysts because as we both know, the news can
- 13:19Speaker 3: go literally both ways, and sometimes you know, the same
- 13:23Speaker 3: news catalyst affects the market in two different ways. I
- 13:26Speaker 3: guess I could say my main thesis on this is
- 13:29Speaker 3: that it's one of those things where I show me
- 13:31Speaker 3: the chart and I'll tell you the news type of thing,
- 13:33Speaker 3: so I you know, I'll go to that. And this
- 13:35Speaker 3: was another I don't know if I showcased this last
- 13:37Speaker 3: time I was on, but this is one of the
- 13:39Speaker 3: reasons why I've been so bullish on ethereum specifically, and
- 13:42Speaker 3: not to count out that all coins in general won't
- 13:45Speaker 3: do well, but this is a major, uh you know,
- 13:48Speaker 3: thought out plan here that I've been tracking since twenty
- 13:50Speaker 3: twenty three. And what this is again, it's a sequence
- 13:52Speaker 3: of Fibonacci's this setup, which is a very bullish one. Okay,
- 13:56Speaker 3: we come down, you complete towards the low, very similar
- 13:58Speaker 3: to like a falling wedge channel. You know, you're bearish
- 14:01Speaker 3: in the making, and then it's a bullish reversal. Usually
- 14:04Speaker 3: in this case, it was a time period where I
- 14:07Speaker 3: was looking for Bitcoin or eth to outperform Bitcoin for
- 14:09Speaker 3: about one and a half to three years from the
- 14:11Speaker 3: bottom which was April of this year, main target being
- 14:14Speaker 3: the gold pocket at least, if not full reversal all
- 14:17Speaker 3: the way back up to like point zho eighty five here.
- 14:19Speaker 3: But the idea at hand is that we pushed up right,
- 14:23Speaker 3: so now we have more information here along the lines here.
- 14:26Speaker 3: My completion zone for these targets are around December of
- 14:29Speaker 3: twenty twenty six, so that's why that's completion zone right,
- 14:32Speaker 3: so we can literally, you know, be tracking all the
- 14:34Speaker 3: way up there throughout the year. And this setup right
- 14:38Speaker 3: here is what gives me more so that leaning into
- 14:41Speaker 3: on top of that, the housing market cycle idea that
- 14:43Speaker 3: I've been gone off of for almost ten years all
- 14:46Speaker 3: comes into play around that region. So that's one of
- 14:48Speaker 3: the biggest plays. And I think that, yes, I think
- 14:50Speaker 3: we'll find that, you know, rate cuts will come in
- 14:52Speaker 3: job you know, all the news catalysts will probably align
- 14:55Speaker 3: well with it. I think the rate cuts will probably
- 14:57Speaker 3: be a major piece of it easily, and then the
- 14:58Speaker 3: other ones will just kind of be this smaller intra
- 15:00Speaker 3: day intra weeek, you know, news catalysts that we're used
- 15:02Speaker 3: to seeing that move the price locally, but overall I
- 15:04Speaker 3: think it heads higher.
- 15:06Speaker 2: Yeah.
- 15:07Speaker 1: Well, I mean you look at the surge right now
- 15:08Speaker 1: up to forty five hundred where we are today, and
- 15:11Speaker 1: some analysts again aligning with you, but in a different
- 15:14Speaker 1: timeframe saying we could see hundred percent rally. But I
- 15:17Speaker 1: think the real question is once this rallies up, Paul,
- 15:20Speaker 1: do you feel like we're going to have an opportunity
- 15:23Speaker 1: to buy eth in the range of let's say twenty
- 15:27Speaker 1: three to twenty four. Is that your adjustment back down
- 15:30Speaker 1: or based on what your correction was on bitcoin or
- 15:34Speaker 1: how how would you see this playing.
- 15:35Speaker 2: Out end of year? So it be our next entry?
- 15:39Speaker 2: Am I getting it?
- 15:40Speaker 3: I gotcha? Yeah, So I actually have a good idea
- 15:43Speaker 3: of that too. Right, So again, if we're looking at
- 15:45Speaker 3: potential here, this this fifty five thousand and fifty six
- 15:49Speaker 3: hundred dollars region is just the real next, you know,
- 15:51Speaker 3: major target zone that I'm looking for for the upside.
- 15:54Speaker 3: My real idea here is that we probably actually push
- 15:57Speaker 3: it up towards about six to seven thousand, and at
- 16:00Speaker 3: that point I'm looking at just a you know, again,
- 16:02Speaker 3: looking at this as a major point, zooming out just
- 16:05Speaker 3: to some simple stuff here, I'd probably say we come
- 16:08Speaker 3: back towards around this four thousand dollars region, and let's
- 16:11Speaker 3: just take a new look here just from a swing
- 16:13Speaker 3: load to swing high and towards the thirty I would
- 16:16Speaker 3: say thirty three hundred. If we get the chance at
- 16:18Speaker 3: thirty three hundred again, that's that's the next major entry
- 16:21Speaker 3: for me, assuming we go to seven thousand first, right,
- 16:23Speaker 3: that's that's the that's the issue.
- 16:24Speaker 2: Yeah, big retracement.
- 16:27Speaker 3: Yeah, it'll be about forty percent, which is going to
- 16:29Speaker 3: be in line with the bitcoin idea. This setup that
- 16:32Speaker 3: I was talking about here where we're coming into completion
- 16:35Speaker 3: basically right on time, you know, just about sorry about
- 16:39Speaker 3: all the scrolling, just about all in the same window here,
- 16:42Speaker 3: and this is a super bear setup on bitcoin that
- 16:45Speaker 3: if we just take from our tariff flows towards our
- 16:49Speaker 3: let's just pretend the highs in now, but really I'm
- 16:51Speaker 3: targeting up to that one thirty the simple it's a
- 16:53Speaker 3: simple fibritracement basically. But the target of this setup is
- 16:56Speaker 3: back to your gold pocket, which puts us at about
- 16:58Speaker 3: ninety eight thousand. So that's you know, give or take
- 17:02Speaker 3: twenty nine thirty percent on bitcoin. Usually ethan bitcoin are
- 17:05Speaker 3: in tandem, if not, youth usually drops a little bit
- 17:09Speaker 3: more than bitcoin with so yeah, I would be my
- 17:11Speaker 3: idea is that push up a little bit more here,
- 17:13Speaker 3: get a little thirty percent retrace and then we're off
- 17:16Speaker 3: to the races in twenty TeVeS.
- 17:17Speaker 1: We'll look for these, look for these re entries and
- 17:19Speaker 1: if you are right in twenty twenty six, is just
- 17:21Speaker 1: a set up here. It could catch a lot of
- 17:23Speaker 1: people by surprise in terms of how this plays out.
- 17:26Speaker 1: So intriguing things happening here on the show today. I
- 17:30Speaker 1: want to take a look at Solana real quick, Solana
- 17:32Speaker 1: surpassing all other chains thirty day, next volume this right here.
- 17:37Speaker 1: You look at this in comparison of the activity on
- 17:40Speaker 1: Solana here recently. What does this translate in terms of
- 17:43Speaker 1: price on the chart.
- 17:46Speaker 3: Yeah, so Solon has obviously had a lot of volume
- 17:50Speaker 3: coming in there, and for to pair that along since
- 17:53Speaker 3: is a really good one because Solona has also been
- 17:55Speaker 3: another one that I can't remember if we discussed it
- 17:57Speaker 3: or not last time, but again it's usually I'm not
- 18:01Speaker 3: so harmonic set up heavy, but just they've just been
- 18:04Speaker 3: incredible recently. But again, a very systematic sequence of Fibonacci's
- 18:09Speaker 3: here that led us into a key level back in April,
- 18:12Speaker 3: which was about ninety eight dollars. And the setup with
- 18:15Speaker 3: this was very incredible because basically you were ranging, ranging, ranging,
- 18:19Speaker 3: We came up. We took the previous all time high,
- 18:21Speaker 3: which is the notable piece of this set. It's called
- 18:23Speaker 3: the Shark, which has just been incredible. You take the highs,
- 18:26Speaker 3: you come all the way back down, you take the low.
- 18:28Speaker 3: So you get everybody excited at the highs obviously, and
- 18:30Speaker 3: this one was a good one because it was right
- 18:31Speaker 3: at the all time high, so breakout traders were excited
- 18:34Speaker 3: as can be and this was big January of this year.
- 18:37Speaker 3: Then you come all the way back down, you take
- 18:38Speaker 3: out the lows. You know how that goes the old
- 18:40Speaker 3: liquidity sweep, and that sets up this pattern here with
- 18:43Speaker 3: three specific targets, which is a simple Again just identifying
- 18:47Speaker 3: this ahead of time just gives me these areas to note.
- 18:50Speaker 3: But fibinacci a tracement the point five, the point eight,
- 18:53Speaker 3: eighty six, and then a one point one to three,
- 18:55Speaker 3: so that means you're coming up one hundred and thirteen
- 18:57Speaker 3: percent of this overall drop. And for Solana, we've come
- 19:01Speaker 3: up and we've claimed the one of the biggest levels
- 19:04Speaker 3: on this setup is the point five. And after you
- 19:06Speaker 3: do that, there's no gold pocket, there's nothing in between.
- 19:09Speaker 3: It's usually straight up to this level here, which is
- 19:11Speaker 3: two seventy four, again in line with Solana picking up
- 19:14Speaker 3: on a lot of volume on these exchanges and everything
- 19:16Speaker 3: along that nature. And realistically, as long as we're holding
- 19:18Speaker 3: above this reason, region three twenty three is what I
- 19:21Speaker 3: target for Solona the next few weeks here.
- 19:24Speaker 1: Next few weeks three twenty three on soul Listen, if
- 19:27Speaker 1: you're right on that one, Paul, we're gonna have to
- 19:28Speaker 1: give you some more flowers on.
- 19:30Speaker 2: The show here. That'll be a good move.
- 19:34Speaker 1: And if you look at Solana in general, here's a
- 19:37Speaker 1: clip from Scaramochi. He kind of hits on the whole
- 19:40Speaker 1: idea because it's the largest market share in terms of
- 19:43Speaker 1: all l one's take a look at this.
- 19:45Speaker 5: I believe Solana. In five years, we're going to be
- 19:48Speaker 5: looking back and saying, WHOA, Solana has the largest market
- 19:53Speaker 5: share of all these layer ones. So if you asked
- 19:57Speaker 5: me to rank the layer ones, I'd tell you Salona
- 19:59Speaker 5: is at the time top of the list, and Solana
- 20:02Speaker 5: will be to me the rail system for real world assets,
- 20:06Speaker 5: stocks and bonds, commercial paper, et cetera. You and I
- 20:10Speaker 5: both know that there are big banks here in the
- 20:13Speaker 5: United States that are looking to tokenize on Solana and
- 20:17Speaker 5: when those stories come out and they're fully fleshed, I
- 20:20Speaker 5: think it's going to be a very very exciting time
- 20:23Speaker 5: for you at the Foundation, for me as an investor,
- 20:26Speaker 5: and for people who actually are going to get real
- 20:29Speaker 5: utility out of the technology.
- 20:32Speaker 1: All right, So Anthony Shilling is book there. Let's just
- 20:35Speaker 1: call it what it is. I mean, he's a big
- 20:38Speaker 1: he's a big Salona guy. So I appreciate that, you know,
- 20:42Speaker 1: faith in the project. But if you were to compare
- 20:44Speaker 1: Solana versus ethereum, you know, this is a good example
- 20:48Speaker 1: right here.
- 20:49Speaker 2: There's a lot of upside here.
- 20:50Speaker 1: For solon one hundred and fifteen billion dollar market cap
- 20:53Speaker 1: versus what we're seeing on Eth. Obviously we see the
- 20:56Speaker 1: transaction superiority, the fee superiority. There's a lot of good
- 21:00Speaker 1: things that could happen here. Would you if if you
- 21:04Speaker 1: could only go into Soul or Eth right now?
- 21:06Speaker 2: Which one would you pick?
- 21:10Speaker 3: Man of the two at today's prices? Just just you know,
- 21:15Speaker 3: I'm I'm it's hard to like go into something like
- 21:17Speaker 3: Eth after three hundred percent rally, even though it's just
- 21:20Speaker 3: breaking upon its all time high. And then you look
- 21:22Speaker 3: at things such as that, right so, and also Eth
- 21:24Speaker 3: is at a point where, you know, it's five hundred
- 21:26Speaker 3: billion or whatever the case is, and there is room
- 21:28Speaker 3: to catch up if if Solana was to take it.
- 21:30Speaker 3: So yeah, Cucumber to my head, you know, I guess
- 21:33Speaker 3: I'd say Solana of the two because of you know,
- 21:35Speaker 3: potential reach from today's prices. But yeah, yeah, but uh yeah,
- 21:40Speaker 3: it's eth is my baby though, So it's you know, realistically,
- 21:42Speaker 3: I tell you that here and then i'd in the corner.
- 21:44Speaker 1: I wouldn't do it, but you'd go ahead and go
- 21:48Speaker 1: with the Eah trade.
- 21:49Speaker 2: Yeah, hey, listen, I understand.
- 21:51Speaker 1: Let's look at Avalanche because this has been a battle
- 21:55Speaker 1: between Suite and Avalanche right here, and I want to
- 21:58Speaker 1: kind of show you, and this is a reference to
- 22:00Speaker 1: Avalanche flipping Suite after Swee flipped Avalanche this week. A
- 22:04Speaker 1: lot happening right there. You look at Avalanche as a
- 22:07Speaker 1: trade right now, Paul. It's been on the move a
- 22:10Speaker 1: little bit over the last few weeks. But is this
- 22:13Speaker 1: one that can sustain a longer term move similar to
- 22:17Speaker 1: what Ethan Salona are underway with right now.
- 22:21Speaker 3: Yes. So Avalanche is something that I've been targeting a
- 22:24Speaker 3: sizeable move on for quite some time and what I've
- 22:28Speaker 3: got pulled up here, just a very simple range here,
- 22:30Speaker 3: pulled based on the volume. So not sure I think
- 22:34Speaker 3: we might have talked about this last either way, I've
- 22:36Speaker 3: been a few months obviously. This is a multi month
- 22:38Speaker 3: range that we just kind of accumulated at the bottom here.
- 22:41Speaker 3: And the big key here was just we squeezed right
- 22:43Speaker 3: up into the high side of the range. We were
- 22:45Speaker 3: also right into you know, just an ascending chance. You
- 22:47Speaker 3: could just color this any way you want. This was
- 22:49Speaker 3: a really bultish consolidation. You've got the breakoutside of that
- 22:52Speaker 3: range area. You've come back and essentially back tested it,
- 22:55Speaker 3: you know, in a theory here, and now we're basically
- 22:58Speaker 3: on a multi month range for an asset that again, yes,
- 23:01Speaker 3: has you know, the fundamentals behind it, and on top
- 23:04Speaker 3: of that, just has this you know, it's been around.
- 23:06Speaker 3: It's not just something that's completely brand new. I'll take
- 23:08Speaker 3: that off here. And for me, I'm at least looking
- 23:11Speaker 3: for this to run it back to fifty four dollars
- 23:12Speaker 3: and that's a little bit more of a smaller time
- 23:15Speaker 3: you know window here. If I'm looking at it be
- 23:17Speaker 3: a more aggressive play over the next you know, and
- 23:20Speaker 3: within the next year. Here, I think we have a
- 23:22Speaker 3: run back up to like one hundred dollars and then
- 23:24Speaker 3: at that point we started looking at all time highs.
- 23:26Speaker 3: But this has been my overall, you know, viewpoint here
- 23:29Speaker 3: on Avalanche for a bit. We've been, you know, like
- 23:31Speaker 3: I said, trading around these loads. You're getting nice little
- 23:33Speaker 3: break here. Nothing's really materialized quite yet, so I'd say
- 23:35Speaker 3: fifty four dollars would really give us that umph, But
- 23:38Speaker 3: of course you don't want to wait for another one
- 23:40Speaker 3: hundred percent rally to get interested. And from there, I
- 23:43Speaker 3: think that we have a chance to run this back
- 23:44Speaker 3: up to ninety eight dollars and then some on Avalanche.
- 23:47Speaker 1: All right, so Avalanche definitely an aggressive move right now underway,
- 23:52Speaker 1: could be one token and we'll kind of get your
- 23:54Speaker 1: pick here in a second. But I want to jump
- 23:55Speaker 1: over to SWI and they of course had a lot
- 24:00Speaker 1: happening this week.
- 24:01Speaker 2: They had this whole Suey fest that was happening.
- 24:03Speaker 1: Obviously a lot of drops in terms of news.
- 24:06Speaker 2: We had did a whole announcement on this yesterday here
- 24:09Speaker 2: on the show.
- 24:10Speaker 1: But if you look at Suey right now in the
- 24:13Speaker 1: chart and how it's playing, because this is trading very
- 24:15Speaker 1: hot right now, What is your pick on Suey versus
- 24:19Speaker 1: Avalanche if you compared the two.
- 24:23Speaker 3: Yeah, so Suey is you know, it's a newer project obviously,
- 24:27Speaker 3: but it's it's really got a super simple setup. I mean,
- 24:31Speaker 3: I'm sure everybody can almost draw this out just as
- 24:34Speaker 3: basic as it gets here with this bullish consolidation of
- 24:36Speaker 3: this overall major move to the upside. You know, it's
- 24:39Speaker 3: tightening up here. You could, you know, color this however
- 24:41Speaker 3: you'd like. I think that we have a really nice
- 24:44Speaker 3: move here towards this. It's called a one to one basically,
- 24:46Speaker 3: a measured move up to about six dollars and sixty
- 24:48Speaker 3: cents pretty much under you know, unfolding here, as long
- 24:52Speaker 3: as we get a little push out of the market
- 24:53Speaker 3: here thirty five percent up to this level, but it's
- 24:55Speaker 3: about an eighty six percent move, and not that I
- 24:57Speaker 3: don't think that that's as high as it can get overall.
- 25:00Speaker 3: But that's where I probably see the next major push
- 25:02Speaker 3: up cool down again for a little bit. So if
- 25:04Speaker 3: I had to choose between the two, I'd go.
- 25:06Speaker 1: Avalanche Avalanche versus Suiy. All right, So I'm gonna throw
- 25:10Speaker 1: one more curve at you because we've talked about we've
- 25:13Speaker 1: talked about Ethereum, Solana Avalanche, and sweet. All right, now,
- 25:18Speaker 1: I can only pick two tokens for this new portfolio
- 25:21Speaker 1: or we're building. What would the two today as we're
- 25:25Speaker 1: trading right now, what would be the two out of
- 25:27Speaker 1: those four?
- 25:29Speaker 3: Two out of those four to add to your new portfolio? Yep, hmm,
- 25:36Speaker 3: I'd say say Solana. And let's see here, it's just
- 25:43Speaker 3: between those four. Huh, I say Solana Avalanche.
- 25:46Speaker 2: Salana Avalanche. Nice. Okay, all right, there you go, guys.
- 25:50Speaker 1: Data Dash has spoken Solana Avalanche for that for that
- 25:53Speaker 1: special and.
- 25:54Speaker 2: Well, hey listen, we're going to hold you to this. Okay.
- 25:56Speaker 1: I'm really interested in twenty six theory. Yeah, because if
- 26:02Speaker 1: that comes true, I think there will be a lot
- 26:04Speaker 1: of people surprised.
- 26:05Speaker 2: On the moves in early Q one.
- 26:07Speaker 1: And two, so many things that will be kind of
- 26:10Speaker 1: a narrative shift there for sure. So we'll definitely have
- 26:13Speaker 1: you back on the show to kind of break that down. Paul,
- 26:16Speaker 1: Is there any tokens that you're looking at right now
- 26:19Speaker 1: that you would say, Okay, this is kind of the
- 26:21Speaker 1: easy place they're the blue chips is there anything that's
- 26:24Speaker 1: more on the outside maybe that you're working with that
- 26:28Speaker 1: you're thinking, hey, this is an opportunity to kind of
- 26:31Speaker 1: get a little bit more risky.
- 26:33Speaker 3: Yeah, just this one may maybe crazy risk, but it's
- 26:36Speaker 3: something that I've been looking at for a while. Like
- 26:38Speaker 3: I just talked about it on a stream right before this,
- 26:39Speaker 3: so aptos, you know, it's you know, similar into the
- 26:43Speaker 3: suite category. It's not necessarily like a super small cap
- 26:45Speaker 3: or anything like that, but it's just something that I
- 26:48Speaker 3: like to put on risk when we're trading at the lows. Again,
- 26:50Speaker 3: similar like the avalanche move before it moved. So this
- 26:53Speaker 3: is something that is you know, really got just a
- 26:55Speaker 3: simple potential to push up to the high side of
- 26:58Speaker 3: the range here, which is like one hundred and fifty
- 26:59Speaker 3: percent move. And then of course my thinking is that
- 27:02Speaker 3: I'm coming in in these levels. Of course I'll probably
- 27:04Speaker 3: look to scale out a little bit if we hit
- 27:05Speaker 3: those areas, but if things really get going, I'm looking
- 27:08Speaker 3: at a thirty dollars move out of this if we
- 27:10Speaker 3: break this range. So picking up some down here has
- 27:12Speaker 3: got some you know, good ramifications. If this does pick
- 27:16Speaker 3: up in the next several months.
- 27:18Speaker 1: That could be a pretty big deal. I think, you know,
- 27:20Speaker 1: when you look at it. We've talked about actos here
- 27:22Speaker 1: on the show before, and there are some opportunities there.
- 27:25Speaker 1: I think there's a lot of tokens right now that
- 27:27Speaker 1: have been over sold. And are you know, queuing up
- 27:30Speaker 1: to possibly being a cycle into all coins. Are you
- 27:34Speaker 1: in the belief group that an all coin season is
- 27:39Speaker 1: coming and is it more of a layered all coin
- 27:42Speaker 1: season after ethereum or is this something that could happen
- 27:44Speaker 1: at the same time.
- 27:47Speaker 3: So it goes into my idea for so yes, the
- 27:50Speaker 3: answer is yes, I think that an all coin season
- 27:52Speaker 3: is coming. I think it's going to be a little
- 27:54Speaker 3: different than everybody expects. But a simple outlook here, and
- 27:57Speaker 3: I'm sure maybe some others have shared this, but this
- 28:00Speaker 3: is the all coin or the total two markets, so
- 28:01Speaker 3: this is just everything minus bitcoin. If you looked at
- 28:03Speaker 3: the total three market, it looks the exact same. I've
- 28:06Speaker 3: just been viewing this pretty much as we came into
- 28:09Speaker 3: the key support, where again eath was fourteen hundred down
- 28:12Speaker 3: here and now you're coming up to this region. But
- 28:14Speaker 3: this is a big setup that this on the daily timeframe,
- 28:18Speaker 3: so you're talking from twenty twenty one till now. This
- 28:21Speaker 3: is a region where the all coins could see a
- 28:23Speaker 3: sizeable move to. This is what is the all coin
- 28:25Speaker 3: season at the end of the day, right, this is
- 28:26Speaker 3: all the all coin moving up. The problem is I
- 28:28Speaker 3: think that we will see something along these lines where
- 28:31Speaker 3: you get a nice little burst and then everybody only
- 28:33Speaker 3: thinks we go up, you know, straight in the line.
- 28:35Speaker 3: But in theory, we are going to come up. You'll
- 28:37Speaker 3: probably hit a little resistance here, you come back for
- 28:39Speaker 3: your retest of this, you know, previous resistance now support,
- 28:42Speaker 3: and then you get that continuation and literally as I'm
- 28:45Speaker 3: scrolling over here, you could see the bottom of the
- 28:46Speaker 3: chart even takes us into twenty twenty six. Right. So
- 28:49Speaker 3: the idea at hand is that we push up, and
- 28:51Speaker 3: not only because of this chart, but because of the
- 28:52Speaker 3: ETH and the BTC and my bitcoin outlook is that
- 28:54Speaker 3: we do push up a little bit more here into
- 28:56Speaker 3: the end of the year, but then we get a
- 28:58Speaker 3: sizeable correction. More more than anything, people probably think we
- 29:01Speaker 3: go into a bear market over it, because again it's
- 29:03Speaker 3: timing lines up with for your cycle. I think people
- 29:06Speaker 3: would not want to touch anything for a year, and
- 29:08Speaker 3: then I think they'll be quite surprised if things really
- 29:10Speaker 3: take off in the beginning of next year instead of
- 29:12Speaker 3: just continue to crash.
- 29:13Speaker 1: That's my own man, Okay, that would that would be
- 29:17Speaker 1: definitely a contraring viewpoint, I think, because a lot of
- 29:19Speaker 1: people would hate themselves if that occurs exactly.
- 29:23Speaker 2: In six They'll be going, what did I do? What
- 29:26Speaker 2: did I do?
- 29:28Speaker 5: Lose?
- 29:28Speaker 3: It's generally the view I try to take. So we'll see.
- 29:31Speaker 2: I like it.
- 29:31Speaker 1: Hey, listen, we're gonna We're gonna have you back on
- 29:33Speaker 1: the show. We'll continue to follow through with this thesis.
- 29:36Speaker 1: Uh see how well it does? I mean the last
- 29:38Speaker 1: time you were on you hit on several notes right
- 29:41Speaker 1: there in terms of bitcoint all time high and also
- 29:43Speaker 1: where eth could go. So kudos to you, Paul, Thanks
- 29:46Speaker 1: for coming in today.
- 29:46Speaker 2: We appreciate it.
- 29:47Speaker 3: Paul, Thanks as always, my friend. Every great weekend.
- 29:50Speaker 1: All right, Sea are you guys? Make sure to jump
- 29:52Speaker 1: in on the Diamond Circle. It's our own private group
- 29:54Speaker 1: that you can become part of for absolutely free. I
- 29:56Speaker 1: put an email out each week. We do some picks
- 29:59Speaker 1: in there. We do things like this where we break
- 30:01Speaker 1: down a lot of our research in there.
- 30:02Speaker 2: So check it out.
- 30:03Speaker 1: It's the link down below, and of course follow me
- 30:05Speaker 1: on x at Paul Baron. We'll catch you next time
- 30:07Speaker 1: right here on The Paul Baron Show.