Latest / The Paul Barron Crypto Show / Crypto Technical Analysis FACE OFF!🔥Gareth Soloway vs Investing Broz
Transcript
- 0:06Speaker 1: Today we're going to get into the super Bowl of
- 0:08Speaker 1: technical analysis with two of the top traders out there.
- 0:11Speaker 1: You do not want to miss it. We're going to
- 0:13Speaker 1: breakdown the markets. It's gonna be good. My name is
- 0:15Speaker 1: Paul Baro. Welcome back into the show. Let's get into
- 0:17Speaker 1: it today. I do want to thank our sponsor and
- 0:19Speaker 1: that is Coinbase. If this is a place that you
- 0:21Speaker 1: haven't visited and you're in the crypto or into crypto
- 0:24Speaker 1: and maybe getting started in crypto, get over to coinbase
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- 0:29Speaker 1: get up to two hundred bucks in crypto just to
- 0:31Speaker 1: get started, so make your first trade. You can do
- 0:34Speaker 1: this as a business, you can do this as an individual.
- 0:37Speaker 1: It's very easy to do to set up and of
- 0:40Speaker 1: course use our link. It does help the channel. Let's
- 0:42Speaker 1: get going all right, you guys, we're going to be
- 0:44Speaker 1: doing something fun today. We've got two of our favorite
- 0:46Speaker 1: traders out here and that of course coming in is
- 0:49Speaker 1: mister Garrett Soloway and mister Tim Warren.
- 0:52Speaker 2: How are you guys, good?
- 0:54Speaker 3: Good, Thank you so much for having us. I'm excited
- 0:56Speaker 3: for today.
- 0:56Speaker 1: Yeah, it's gonna be fun.
- 0:58Speaker 2: I'm very excited.
- 0:59Speaker 4: I Gareth and I have probably talked once or twice
- 1:02Speaker 4: four but part of me even learning trading was watching
- 1:05Speaker 4: a lot of his stuff.
- 1:06Speaker 2: So very happy to be on the.
- 1:08Speaker 4: Show with him, watching how he breaks down the charge.
- 1:11Speaker 4: I think we're to have some different opinions, but that's
- 1:12Speaker 4: gonna make it more fun.
- 1:14Speaker 1: Well, that's the point of getting you guys together, is
- 1:16Speaker 1: to really take a look at both sides of the
- 1:18Speaker 1: market and see how things are rolling. I want to
- 1:21Speaker 1: go over to the first topic, and that is really
- 1:24Speaker 1: the idea of tariffs impacting from the macro side of things.
- 1:28Speaker 1: And I know both of you guys have opinions on
- 1:30Speaker 1: this when you look about look at tariffs being resolved
- 1:33Speaker 1: over the next thirty days only because of the tax bill.
- 1:38Speaker 1: So if the tax bill passes and it looks like
- 1:40Speaker 1: it's going to go through, what do you guys think
- 1:43Speaker 1: is going to happen? In reference to will the tariffs
- 1:46Speaker 1: just be kind of thrown aside and Trump'll do a
- 1:49Speaker 1: taco and step away from these or will he just
- 1:53Speaker 1: simply claim, you know, a win and just move along
- 1:57Speaker 1: and say, yeah, we got we got deals with everybody.
- 1:59Speaker 1: What are your thoughts? I want to kind of get
- 2:01Speaker 1: each of you to answer that. Gareth, we'll go with
- 2:03Speaker 1: you first. You think we get tariff staying on or
- 2:06Speaker 1: out of here.
- 2:07Speaker 3: So I think for the most part, the taco factor
- 2:12Speaker 3: is probably what we're going to see, mostly mainly because
- 2:14Speaker 3: we saw very clearly that the last time we saw
- 2:18Speaker 3: treasury yield spike, he backed off. Then with China he
- 2:21Speaker 3: backed off. He's definitely still very much aware of the
- 2:24Speaker 3: stock market and its performance, even though he has said
- 2:27Speaker 3: very clearly in this administration at least he wasn't going
- 2:30Speaker 3: to be paying attention to So I think you'll see
- 2:32Speaker 3: a standard ten percent on most I do think for
- 2:34Speaker 3: a few days he might have to kind of muscle
- 2:37Speaker 3: it through like we've heard about Japan. Maybe the trade
- 2:39Speaker 3: talks are falling apart there Canada. So I think that
- 2:42Speaker 3: there might be like a period of a few days
- 2:44Speaker 3: where the tariffs go up in skyrocket, and then I
- 2:47Speaker 3: think they'll reach some sort of win per se where
- 2:51Speaker 3: he can at least say, hey, we did what we
- 2:52Speaker 3: had to do.
- 2:53Speaker 1: I like it. Tim. How about you, do you think
- 2:55Speaker 1: you feel like tariffs are going to fall away and
- 2:57Speaker 1: just we're going to see a market move on this.
- 3:00Speaker 2: I mean, it's all about messaging.
- 3:02Speaker 4: I don't think I necessarily disagree with what Gareth is
- 3:06Speaker 4: saying here, but at the same time, I partially wonder
- 3:09Speaker 4: if this was the plan the whole time. When he
- 3:12Speaker 4: came out with these ridiculously high tariffs. You have to
- 3:16Speaker 4: sit there and wonder. I mean, we're talking about the
- 3:17Speaker 4: man who wrote the book The Art of the Deal.
- 3:20Speaker 4: He knows how to negotiate right. He knows how to
- 3:22Speaker 4: drive a hard bargain. He knows when he holds the cards,
- 3:24Speaker 4: he knows when other people hold the cards, whether we're
- 3:27Speaker 4: gonna call it a taco trade or not. I think
- 3:29Speaker 4: he's gonna walk away from this calling in a win,
- 3:32Speaker 4: because ultimately he's gonna believe that he put America in
- 3:35Speaker 4: a better spot than where he came in just a
- 3:38Speaker 4: couple of months ago. But I do think that he
- 3:42Speaker 4: realizes that he needs to make some good moves. I mean,
- 3:45Speaker 4: there's a lot going on. I don't know how much
- 3:46Speaker 4: we're discussing the show. If he wants to win midterm
- 3:49Speaker 4: elections next year, he definitely has to play some things right.
- 3:53Speaker 4: Even within his own party. It's not everyone singing Kumbayan
- 3:56Speaker 4: holding hands. He's got to make some big wins like
- 4:00Speaker 4: he promised the American people, and so if he needs
- 4:03Speaker 4: to cut some corners, I think he will, but I
- 4:05Speaker 4: think he'll still view it as a win, and I
- 4:07Speaker 4: think the American people should still view it as a win.
- 4:09Speaker 4: What ends up happening over the next couple of months,
- 4:11Speaker 4: even if he doesn't go as hard as maybe he
- 4:13Speaker 4: originally started out at.
- 4:15Speaker 1: Okay, all right, I like it both of you on
- 4:16Speaker 1: the same page there. Listen, we're gonna get into some charting.
- 4:20Speaker 1: We're gonna take a look at bitcoin eat, We'll take
- 4:22Speaker 1: a look at XRP Solana versus Suis. So you guys
- 4:24Speaker 1: stick around for all that. If you have not had
- 4:26Speaker 1: a chance to visit both our traders on their YouTube channel,
- 4:29Speaker 1: you can of course visit Garris Sallaway. Just search Garritallaway.
- 4:32Speaker 1: You'll find him right there on YouTube pro Trader right there.
- 4:35Speaker 1: And of course Tim, you guys know where his channel is.
- 4:38Speaker 1: Investing Bros with a Z. If you're listening to the
- 4:41Speaker 1: audio version of this, make sure and jump over and
- 4:44Speaker 1: subscribe to both of their channels. I think you'll get
- 4:47Speaker 1: a full rundown of analysis going into this. Let's get
- 4:51Speaker 1: into a couple of points. Let's jump on to bitcoin
- 4:54Speaker 1: and the comparison of how it plays against eight because
- 4:58Speaker 1: we are still seeing dominance holding on bitcoin. I know
- 5:01Speaker 1: you tracked that a lot, Tim. Let's kick over to
- 5:04Speaker 1: your chart, Gareth, give me an outlook here by end
- 5:07Speaker 1: of ear for a bitcoin.
- 5:09Speaker 3: Yeah, sure, so, so just to you know, and again
- 5:12Speaker 3: I'm more of a shorter term trader. But one of
- 5:14Speaker 3: the things I just noticed today is you did have
- 5:16Speaker 3: a little or at least it's attempting to break out
- 5:18Speaker 3: here from this short term downsloping trend line. So a
- 5:21Speaker 3: beautiful trend line from the all time high, secondary high
- 5:24Speaker 3: and then third high, and you can see how it
- 5:26Speaker 3: just kind of came back a little bit here and
- 5:28Speaker 3: then is pushing through. So what that does is it
- 5:30Speaker 3: makes me think that we're probably headed back up and
- 5:33Speaker 3: maybe even to a new all time high. There's this
- 5:35Speaker 3: longer term trend line that I'm really kind of dealing with,
- 5:38Speaker 3: and that could be the one that is the boogeyman,
- 5:41Speaker 3: if you will, for the bitcoin trade. And I want
- 5:43Speaker 3: to show you this chart here. Let me go to
- 5:45Speaker 3: this one here. If we take a look at the
- 5:47Speaker 3: monthly this trend line is what honestly keeps me up
- 5:51Speaker 3: at night in terms of people calling for two fifty
- 5:53Speaker 3: or a million dollar bitcoin in the near term. You
- 5:56Speaker 3: can't deny that if you take the twenty seventeen high
- 5:58Speaker 3: and you connect it through the high of twenty twenty one,
- 6:01Speaker 3: we've stopped on a dime now twice over the monthly
- 6:04Speaker 3: here and so again until this gets broken, I think
- 6:08Speaker 3: there was limited upside on bitcoin with again one thirteen
- 6:13Speaker 3: maybe one point fifteen, but I would still be very
- 6:15Speaker 3: wary based on the stock market. Again, I still think
- 6:17Speaker 3: bitcoin's generally a risk asset. If the stock market starts
- 6:20Speaker 3: giving way, bitcoin likely trades down.
- 6:23Speaker 1: Okay, how about you, Tim, because this is something that
- 6:26Speaker 1: you and I have talked about quite a bit in
- 6:28Speaker 1: terms of the acceleration. We have not seen a parabolic move,
- 6:31Speaker 1: not yet really in comparison to so some of our
- 6:34Speaker 1: previous markets out there on crypto. What do you think
- 6:38Speaker 1: where's bitcoin heading?
- 6:39Speaker 2: Yeah?
- 6:40Speaker 4: You know, I have a similar resistance level to what
- 6:43Speaker 4: Gareth just showed. The difference would be I have a
- 6:47Speaker 4: falling level of support. I very much understand where he's
- 6:50Speaker 4: coming at with the flat level, but this is a
- 6:53Speaker 4: falling channel that in the minimum if you just went
- 6:58Speaker 4: with the falling channel breakout pattern. If this rally sustains movements,
- 7:02Speaker 4: we're talking about a move for Bitcoin all the way
- 7:04Speaker 4: up here, closer towards one hundred and nineteen thousand dollars.
- 7:07Speaker 2: That's the simple move right there.
- 7:09Speaker 4: If you want to get a little more aggressive, there's
- 7:11Speaker 4: gonna be a lot of people going all the way
- 7:13Speaker 4: back here to the lows in April and saying, hey,
- 7:15Speaker 4: is this a potential bull flag pattern? In which case
- 7:18Speaker 4: that more aggressive move would suggest potentially a Bitcoin move
- 7:22Speaker 4: all the way up here towards one hundred and forty
- 7:24Speaker 4: nine hundred and fifty thousand dollars, right that is aggressive.
- 7:27Speaker 4: Where I will agree with Gareth is I think it
- 7:30Speaker 4: is important if you scroll up to longer timeframes that
- 7:33Speaker 4: trend line that he's looking at. That's something I'm aware of,
- 7:36Speaker 4: and I think I agree with him when it comes
- 7:38Speaker 4: to we got to break above that trend line if
- 7:40Speaker 4: we want to sustain the bullish rally. But what I
- 7:43Speaker 4: will say from a fundamental standpoint, when I go back
- 7:46Speaker 4: and look at these time periods, I love the technical analysis.
- 7:50Speaker 4: I love look at the charts and saying the charts
- 7:52Speaker 4: tell us a story, but there's a story that's told
- 7:54Speaker 4: in the fundamentals and the charts, and ultimately when you
- 7:57Speaker 4: do a lot of technical analysis about what happened in
- 7:59Speaker 4: twenty twenty one. There were a lot of people, obviously
- 8:02Speaker 4: who were very wrong who called for one hundred thousand
- 8:04Speaker 4: dollars bitcoin, but they had very valid reasons for doing so.
- 8:08Speaker 2: What we ultimately witnessed was.
- 8:10Speaker 4: The first time, even though the four year cycle stayed
- 8:12Speaker 4: intact in the terms of a November high, the first
- 8:16Speaker 4: time we had this major, major correction in the middle
- 8:19Speaker 4: of the Raleigh, whereas in the past we had little
- 8:22Speaker 4: pullbacks in bull markets, but nothing major that sustained long summers.
- 8:27Speaker 4: Why was this Why was this pullback a thing in
- 8:30Speaker 4: twenty twenty one? It was because, of course Elon Musk
- 8:33Speaker 4: responding to economic or not sorry, not economic, but concerned
- 8:37Speaker 4: about the environment, excuse me environment. There were convoluted arguments
- 8:43Speaker 4: against bitcoin and cryptocurrency from institutions to resist the price
- 8:49Speaker 4: action going to the upside. The banks were scared of
- 8:51Speaker 4: what bitcoin was doing. Anyone who was in government was
- 8:54Speaker 4: scared of what the bitcoins doing. So there was this
- 8:56Speaker 4: whole storyline that even Elon bit on is that Bitcoin
- 8:59Speaker 4: is bad for the environment, get out of bitcoin, stay
- 9:01Speaker 4: away from it. What is this, Ultimately, it's price manipulation,
- 9:04Speaker 4: the institution's manipulated price down. It really hurt the grand
- 9:09Speaker 4: scheme what bitcoin could have done. And the reality is,
- 9:11Speaker 4: if we hadn't had this dramatic fifty percent pullback in
- 9:14Speaker 4: the summer at twenty toiny one, I personally believe one
- 9:16Speaker 4: hundred k would have happened back in the fall of
- 9:19Speaker 4: twenty twenty one. That's s though, the manipulation you play
- 9:21Speaker 4: with in this case. Though, while I still think we
- 9:24Speaker 4: have a bright, bright future, the reason why I still
- 9:27Speaker 4: think the bare minimum is going to be one fifty
- 9:29Speaker 4: to one to seventy five I realistically see over two
- 9:31Speaker 4: hundred thousand happening is because I do believe that bitcoin's
- 9:34Speaker 4: going to have a market cap in the world of
- 9:36Speaker 4: five to seven trillion dollars getting up above that two
- 9:39Speaker 4: hundred thousand dollars mark, because institutions, rather than saying, let's
- 9:42Speaker 4: manipulate price down, they will jump in on it. But
- 9:46Speaker 4: you might be saying, okay, Tim, but why then all
- 9:48Speaker 4: the chaos riding here, Well, this is all big market manipulation,
- 9:52Speaker 4: as well, why because they are waiting for the right
- 9:55Speaker 4: moment to acquire it as best they can. But they
- 9:58Speaker 4: can't with without clear regulatory clarity, as we've mentioned earlier,
- 10:03Speaker 4: without clear understanding of how the Fed's gonna move and
- 10:05Speaker 4: what kind of liquidity is coming into the markets, they're
- 10:08Speaker 4: not ready for price to explode, so they got to
- 10:10Speaker 4: keep retail from buying up all the dip. But you
- 10:12Speaker 4: can see we're we're not making any major moves. Like
- 10:15Speaker 4: you said, Paul, we're not breaking out, but we're also
- 10:17Speaker 4: not losing anything major.
- 10:18Speaker 2: The minute we do, we have a little pop back up.
- 10:21Speaker 4: I still believe that we are in on term here.
- 10:24Speaker 4: We're on track for a major institutional manipulation move to
- 10:28Speaker 4: the upside where they've been holding it back, holding it,
- 10:32Speaker 4: holding it, holding holding it, and all of a sudden
- 10:33Speaker 4: the floodgates release, Bitcoin shoots up. I still think it's
- 10:37Speaker 4: not gonna happen until later this fall, and then I
- 10:40Speaker 4: think twenty six. But I'm I'm still predicting a massive
- 10:43Speaker 4: move from institutions going hard into bitcoin rather than the
- 10:47Speaker 4: past kind of manipulating the price to keep it sustained
- 10:50Speaker 4: to downside.
- 10:50Speaker 3: If I could just jump in yeah, And I think
- 10:53Speaker 3: what Tim's saying is important is that the thesis in
- 10:56Speaker 3: twenty twenty one was firm, meaning that you know, you
- 10:58Speaker 3: see what that was going on with the US deficit
- 11:00Speaker 3: and the debt, and it continues to and it makes
- 11:02Speaker 3: sense that if the dollar continues to get printed at nauseum,
- 11:06Speaker 3: eventually you're going to see an asset like bitcoin with
- 11:08Speaker 3: a stated run is going to go up and up
- 11:10Speaker 3: and up. I guess my only difference there is just
- 11:12Speaker 3: saying I believe it's more of a risk asset than
- 11:18Speaker 3: more of these other stories, right, so you know, and
- 11:21Speaker 3: that basically just comes from looking at twenty twenty one November,
- 11:24Speaker 3: the bitcoin topped out, the stock market topped out, and
- 11:27Speaker 3: they both went down into bear markets. And so, at
- 11:29Speaker 3: least for me, until proven otherwise, I have to go
- 11:32Speaker 3: with that thesis that as long as the stock market's
- 11:34Speaker 3: going up, Bitcoin honestly probably does go up. But if
- 11:37Speaker 3: the stock market ever has a correction, I got to
- 11:40Speaker 3: believe that bitcoin does pull back at least in the
- 11:42Speaker 3: near term.
- 11:42Speaker 1: Well, we're going to talk about that, because again I
- 11:45Speaker 1: think the S and P is obviously with all time highs,
- 11:47Speaker 1: we're seeing continuation. What appears to be. And if if
- 11:52Speaker 1: Besent and Trump get their way around this tax bill,
- 11:56Speaker 1: we get tariffs out of the way. I guess the
- 11:59Speaker 1: real question is is can the United States go into
- 12:01Speaker 1: a golden age again where we see these parabolic moves.
- 12:05Speaker 1: Let's go back to bitcoin. I just want to get
- 12:06Speaker 1: your opinion on both these guys. Bitcoin all time high,
- 12:09Speaker 1: new all time high. I should say you think that
- 12:11Speaker 1: happens this month, next month, later in the year. What
- 12:15Speaker 1: do you guys say?
- 12:15Speaker 2: Say?
- 12:16Speaker 3: Oh, sorry, I was gonna say, I think it's this month.
- 12:19Speaker 3: I think this month we'll see a new all time high.
- 12:20Speaker 3: We're very close that. The only caveat would be is
- 12:24Speaker 3: that the one thirteen level for me is the real
- 12:26Speaker 3: testing point. It's not just you know that would be
- 12:28Speaker 3: a new all time high. But don't get too excited
- 12:30Speaker 3: until we can break through that.
- 12:31Speaker 1: One thirteen All right, Tim, what do you think?
- 12:35Speaker 4: Yeah, it's July second, and both Gareth and I showed
- 12:38Speaker 4: you a big breakout of resistance level. We are on
- 12:42Speaker 4: track to smash all time highs in the month July.
- 12:45Speaker 4: But as we know, there's always something that can pull
- 12:48Speaker 4: you know, the magician can always pull another rabbit out
- 12:50Speaker 4: of his hat and send us back to the downside.
- 12:53Speaker 4: So you've got to continue to monitor things and make
- 12:56Speaker 4: to make sure you're paying atention to charts and news.
- 12:58Speaker 4: But right now, there's very little I think on the
- 13:01Speaker 4: table that could prevent an all time high in the
- 13:02Speaker 4: month of July.
- 13:04Speaker 1: Okay, so let's flip over to ETH because we've got
- 13:06Speaker 1: some price points here that we're looking at in terms
- 13:10Speaker 1: of an ethereum high and twenty twenty five so end
- 13:13Speaker 1: of year, look at your EH chart. Think about these
- 13:16Speaker 1: price points right here, forty one hundred and forty five
- 13:19Speaker 1: five K plus or an eight K blowoff top by
- 13:24Speaker 1: the end of twenty twenty five as a high. Let's
- 13:28Speaker 1: go to your chart, Tim, and you tell me where
- 13:31Speaker 1: do you think this is heading ethereum.
- 13:34Speaker 4: You know a lot of etheads would like to see
- 13:36Speaker 4: that eight thousand plus by the end of the year.
- 13:38Speaker 4: I think we're gonna see eight thousand plus by the
- 13:40Speaker 4: end of this bull run. But again I don't believe
- 13:43Speaker 4: that's stopping this year. I think we go into twenty
- 13:45Speaker 4: twenty six. You know, Paul on your channel, we were
- 13:47Speaker 4: monitoring here just some like two weeks ago, a very
- 13:51Speaker 4: bullish formation on ethereum in an ascending triangle that looked
- 13:54Speaker 4: like we had a little breakout to the upside, and
- 13:57Speaker 4: that would have been a bull pennant that could have
- 13:59Speaker 4: sent us all the way within the next couple of
- 14:01Speaker 4: weeks up here to almost four thousand dollars. Of course,
- 14:04Speaker 4: it ended up failing. It flopped Aron Israel. Stuff happened,
- 14:08Speaker 4: chaos happened, We dip back down here, came all the
- 14:11Speaker 4: way back down towards twenty one hundred dollars.
- 14:13Speaker 2: Right now, we're making a move.
- 14:14Speaker 4: It's not gonna be a bullpennant, But I do believe
- 14:17Speaker 4: there's gonna be something special about how fast we can
- 14:20Speaker 4: get above twenty seven hundred. We can get back above
- 14:22Speaker 4: that twenty seven hundred level. I think we are back
- 14:24Speaker 4: on track to potentially in the months of July definitely
- 14:28Speaker 4: get back above three thousand. I think the question is
- 14:30Speaker 4: gonna be can we get back about four thousand by
- 14:32Speaker 4: the end of July, or is that gonna have to
- 14:34Speaker 4: wait till August.
- 14:35Speaker 2: But what we are watching right now, and.
- 14:36Speaker 4: I know you're really big on this, Paul, I just
- 14:38Speaker 4: made a video about it the other day. We are
- 14:41Speaker 4: watching institutions after months let's call it years of kind
- 14:46Speaker 4: of being stone silent on Ethereum. They are coming out
- 14:49Speaker 4: very bullish, Tom Lee talking about what he's doing with
- 14:52Speaker 4: bitmind and how he's gonna pretty much replicate what micro
- 14:55Speaker 4: Strategy did with bitcoin.
- 14:57Speaker 2: These are the types of moves.
- 14:58Speaker 4: That Ethereum has needed that the al coin season is
- 15:01Speaker 4: need in general, that can send things sky high. A
- 15:03Speaker 4: massive player buying millions and millions and millions of dollars
- 15:07Speaker 4: at a time, and the plan is to long term
- 15:09Speaker 4: hold and leverage it to buy more later. It puts
- 15:13Speaker 4: the acid in risk, right that that does create a bubble,
- 15:15Speaker 4: that if that bubble pops is problematic. But as we
- 15:19Speaker 4: see in Michael Strategy, it's worked out well for them
- 15:21Speaker 4: to this point. And if we can see Tom leave
- 15:24Speaker 4: you the same thing, I wouldn't be surprised. I said,
- 15:27Speaker 4: I think in a video earlier this year predicting end
- 15:30Speaker 4: of summer forty five hundred. I'm gonna say right now,
- 15:34Speaker 4: Paul to me, eight thousand by end of year is
- 15:38Speaker 4: absolutely possible. It's a little rich in my book, we
- 15:41Speaker 4: get there in twenty twenty six, but I'm gonna go
- 15:44Speaker 4: with I think one of your levels with five thousand plus.
- 15:47Speaker 4: Put me down for five thousand plus end of year.
- 15:51Speaker 1: Okay, perfect, Gareth tell me that Eith is going the
- 15:56Speaker 1: other way.
- 15:59Speaker 3: All right, Well, let's die into the charts, and I
- 16:01Speaker 3: want to be fair, right is that you know my
- 16:03Speaker 3: projections are more shorter term. Right, It's hard for me
- 16:06Speaker 3: to know in six months where ETH will be. But
- 16:08Speaker 3: I will say this. We had this beautiful upsloping parallel.
- 16:12Speaker 3: We finally, after hammering on it a bunch of times,
- 16:15Speaker 3: we broke.
- 16:16Speaker 2: What did we do?
- 16:17Speaker 3: We went back to test a previous pivot. After that,
- 16:20Speaker 3: we rallied back to the underbelly of this line, which
- 16:23Speaker 3: now became resistance. Today we're pushing through that. So that's
- 16:27Speaker 3: a bullish sign in the near term for Eth. The
- 16:31Speaker 3: next big level and this is gonna be the one
- 16:33Speaker 3: that's gonna test whether or not we go to that
- 16:35Speaker 3: next target. That's going to be this up sloping line.
- 16:38Speaker 3: Notice how it's merging with this area here, and that's
- 16:42Speaker 3: going to create kind of like a big brick wall.
- 16:45Speaker 3: Now I'm not saying it can't get through there, but
- 16:47Speaker 3: for me, that's the level that's the pivot point of
- 16:50Speaker 3: where it's either I'm gonna be If we get into
- 16:52Speaker 3: that and we don't break through, i'mbarished on eath for
- 16:55Speaker 3: the remainder of the year. If we can push through this,
- 16:57Speaker 3: then it should easily at least go to forty one hundred.
- 17:01Speaker 3: I'll give you the forty one hundred dollars target.
- 17:03Speaker 1: For sure, brand got it.
- 17:04Speaker 3: But really it comes down to that major pivot, which
- 17:07Speaker 3: is around three thousand to thirty one hundred.
- 17:09Speaker 1: All right, so gare a little bit softer there on it.
- 17:12Speaker 4: Go ahead, Tim, Yeah, I could I just show one
- 17:15Speaker 4: more thing though. It is also you know, on the charts,
- 17:17Speaker 4: I really didn't do that as much technical analysis there,
- 17:19Speaker 4: and I love what Garre said there, and I'm with him.
- 17:22Speaker 4: I like to focus on shorter term things and then
- 17:24Speaker 4: speculated about the long term future. But I wanted to
- 17:26Speaker 4: show one more reason why I'm long term bullish on
- 17:29Speaker 4: ethereum even the rest of this year, is because of
- 17:31Speaker 4: something happening on the eighth over bitcoin chart. And I
- 17:34Speaker 4: told you already how bullish I'm on bitcoin. Look at
- 17:37Speaker 4: what's happening on the eighth chart right now where I'm sorry,
- 17:40Speaker 4: the eighth over bitcoin chart where of course we came
- 17:42Speaker 4: back down, we fell back to levels we hadn't seen since,
- 17:45Speaker 4: not even the last like alt coin season we're talking
- 17:47Speaker 4: about back to January of twenty twenty, pre covid, pre
- 17:51Speaker 4: explosive fall run in twenty twenty twenty. This is absolutely
- 17:57Speaker 4: a great level to acquire ethereum against bitcoin. And the
- 18:01Speaker 4: difference here is if you look at money flow. I
- 18:04Speaker 4: love using the Luxago osclator that gives you just so
- 18:06Speaker 4: many things that come involved here, but money flow is
- 18:09Speaker 4: a big thing here and you can see for the
- 18:11Speaker 4: longest time, even throughout the bull market, you know, the
- 18:14Speaker 4: money flow got extremely into a bubble, it started to
- 18:17Speaker 4: topping out, and we've just been flowing out and out
- 18:20Speaker 4: and out and out, and it came all the way
- 18:21Speaker 4: here until about November of twenty twenty four. And just
- 18:24Speaker 4: by the fact that the price is still dropping, you
- 18:26Speaker 4: can see now for the first time in a long time,
- 18:28Speaker 4: ethover bitcoin is picking up some real steam in terms
- 18:32Speaker 4: of not only are we the lowest we've been on
- 18:34Speaker 4: the osclators here, more recently since all the way back
- 18:36Speaker 4: here in September of nineteen, the money flow is consistently
- 18:40Speaker 4: giving us higher lows there.
- 18:42Speaker 2: It really looks.
- 18:43Speaker 4: Like eth over bitcoin being this far extended is heading
- 18:47Speaker 4: for a trajectory to rally back up. I'm not predicting,
- 18:49Speaker 4: you know, we're going to new highs or anything. Ether
- 18:51Speaker 4: over bitcoin. I mean, we don't even need Eth get
- 18:54Speaker 4: back up here two point zero seven. I think it will.
- 18:57Speaker 4: But if we just start to sustain bullish moves here,
- 19:01Speaker 4: even if Bitcoin just stays still, this would be massive
- 19:05Speaker 4: for Ethereum's price action. Something bullish that again, we've talked
- 19:08Speaker 4: about for months and years. Eth has seemed like it's
- 19:11Speaker 4: sleeping at the wheel Eth over Bitcoin. Shart looks like
- 19:15Speaker 4: the bulls are warming up and saying it's time to
- 19:17Speaker 4: go big on eight again. And like I said with
- 19:19Speaker 4: Tom Lee and others, it looks like Eth whales are
- 19:21Speaker 4: also starting to come out of the woodward.
- 19:23Speaker 1: Yeah, I mean you got a super investor now on
- 19:25Speaker 1: Wall Street coming in on this. I mean, it really
- 19:28Speaker 1: was a different ankle with micro Strategy. That was, you know,
- 19:31Speaker 1: a former software company that had to kind of muscle
- 19:33Speaker 1: their way through into you know, holding bitcoin. This may
- 19:36Speaker 1: be a little bit different on Wall Street as to
- 19:39Speaker 1: how it's kind of an analyzed I think over the
- 19:43Speaker 1: next few months and over the next year. So there
- 19:45Speaker 1: you guys have it both Gareth and Tim's predictions there
- 19:49Speaker 1: on eight. Let's go into a couple of narratives because
- 19:52Speaker 1: this is something that I think is more important in
- 19:54Speaker 1: the sense of how you invest as a strategy and
- 19:57Speaker 1: again not financial advice. Guys were having fun on here
- 20:00Speaker 1: today with you know, thinking through both charts and also
- 20:03Speaker 1: just a lot of these macro pressures. But if you
- 20:05Speaker 1: look at the biggest narrative bubble potential is a lot
- 20:09Speaker 1: of ETFs now getting approved. We've got the Solana on
- 20:12Speaker 1: the cusp of being approved. Xr P is probably going
- 20:15Speaker 1: to get approved very soon. Treasury strategies are already in play,
- 20:19Speaker 1: just like what we started to see with both eth
- 20:21Speaker 1: now with a flood of companies coming into the bitcoin
- 20:25Speaker 1: treasury strategy, corporate stable coins. We're going to see this
- 20:29Speaker 1: with Walmart, Amazon, and then tokenized stocks announced by both
- 20:33Speaker 1: robin Hood and many others. Now Solana trading on DeFi
- 20:37Speaker 1: being able to do tokenized stocks over on Radium. There's
- 20:41Speaker 1: a lot happening in these narratives this time around. And
- 20:44Speaker 1: I don't see the word meme coin once in here,
- 20:48Speaker 1: so that's good. May we're back to you know, real
- 20:52Speaker 1: baseline of traditional narratives on this look at these charts. Guys,
- 20:56Speaker 1: tell me what you guys think will be the biggest
- 20:58Speaker 1: going forward. Gareth, what do you.
- 21:00Speaker 3: Think so so in terms of which narrative is going
- 21:03Speaker 3: to be the most important?
- 21:05Speaker 1: Yeah, go ahead.
- 21:07Speaker 3: Right, I was going to say corporate stable coins. For me,
- 21:10Speaker 3: I think Walmart and some of these other big retailers.
- 21:12Speaker 3: I mean, this is going to be epic and interestingly
- 21:15Speaker 3: enough one of the angles. And obviously I deal with
- 21:17Speaker 3: more stocks in the stock market, but this is a
- 21:20Speaker 3: huge negative for Visa, MasterCard and even a m some extent.
- 21:24Speaker 3: And I think that's kind of a story that's kind
- 21:25Speaker 3: of starting to bubble up, but that'll be something that
- 21:28Speaker 3: really takes over in the news as it plays out.
- 21:32Speaker 1: All Right, I'm kind of in agreement with you there.
- 21:35Speaker 1: I do agree that we're going to see a big hit. Well,
- 21:38Speaker 1: Visa and MasterCard, I feel like are already starting to
- 21:40Speaker 1: panic a little bit. We're starting to see them move quickly.
- 21:42Speaker 1: Because how about you, Tim, what do you like?
- 21:44Speaker 4: Well, I'll start off by saying, well, we'll go back
- 21:46Speaker 4: to the last topic. What Layer one solution will benefit
- 21:50Speaker 4: more from corporate stable coins than ethereum when it comes
- 21:54Speaker 4: to I mean, I think all of these are big.
- 21:56Speaker 4: I'm really tempted to move mind to TOKENI stocks though
- 22:00Speaker 4: people are so wrapped up in how cryptos moved in
- 22:02Speaker 4: the past based off the habits of retail investors, and
- 22:06Speaker 4: I just I continue to hold I mean. One of
- 22:08Speaker 4: the reasons why I called for the four year cycle
- 22:11Speaker 4: to be over like December was because I'm like, the
- 22:15Speaker 4: institutions are not gonna retail decide how this market goes.
- 22:19Speaker 2: It's their time to shine.
- 22:20Speaker 4: And like I said earlier in the show in twenty
- 22:22Speaker 4: twenty one, they were anti crypto this time, even stuff
- 22:25Speaker 4: that Gareth is talking about here. You know, master Card
- 22:28Speaker 4: and V's are freaking out. Why because they're realizing they're
- 22:31Speaker 4: gonna get put out of business by stable coins. So
- 22:34Speaker 4: what do we see them doing. We're watching partnerships with
- 22:36Speaker 4: these massive credit cards with a real world asset coins
- 22:41Speaker 4: because they're realizing we're gonna play the game or we're
- 22:43Speaker 4: gonna lose. And so again, all four of these I
- 22:45Speaker 4: see being significant. If I was gonna put one of
- 22:48Speaker 4: the least significant, it's gonna be ETFs. I think ETFs
- 22:52Speaker 4: are just another cool on ramp for people to get
- 22:55Speaker 4: involved with cryptocurrency. But I think that's the last one.
- 22:58Speaker 4: Everything else is gonna be does liquidity come in, Do
- 23:01Speaker 4: institutions go big into investing and the stock market? I
- 23:05Speaker 4: mean this has been something that even cryptocurrency gets rattled
- 23:08Speaker 4: so many cages, it has rattled the stock market. I
- 23:11Speaker 4: mean the concept that the stock market closes every single night,
- 23:14Speaker 4: doesn't open until the morning, it closes on weekends, it's
- 23:17Speaker 4: closed on the holidays. But cryptocurrencies you can trade twenty
- 23:20Speaker 4: four to seven, three sixty five. They're gonna be looking
- 23:23Speaker 4: the stock market and tokeni stocks, They're gonna be looking
- 23:25Speaker 4: for ways to get their stuff into tokenized form. I mean,
- 23:29Speaker 4: even the news we heard with Robin Hood the other day,
- 23:31Speaker 4: and I know it's just in Europe. The concept of
- 23:33Speaker 4: man I can now invest in open ai and SpaceX
- 23:37Speaker 4: something I could.
- 23:37Speaker 1: Never not even public companies, you know, so exactly. Yeah,
- 23:41Speaker 1: that's very interesting world.
- 23:43Speaker 2: A whole new ballgame.
- 23:44Speaker 4: And I guarantee you the institutions are not gonna let
- 23:47Speaker 4: retail investors get all the fun at first. They're going
- 23:50Speaker 4: to take a big piece of the pie themselves, and
- 23:53Speaker 4: retail is gonna follow it up. So I think tokenized stocks,
- 23:56Speaker 4: tokenization in general. There's a reason why I'm so massive
- 23:58Speaker 4: on Shainlink and and Avax and others is because the
- 24:03Speaker 4: future is so bright for tokenization.
- 24:05Speaker 1: If we don't get these bills through the current legislative
- 24:10Speaker 1: houses at least this year or maybe in the next
- 24:14Speaker 1: few months, and I'm talking about Genius Act in the
- 24:16Speaker 1: market structure, what does this play out for the market
- 24:20Speaker 1: in general if it doesn't have happen. So, first of all,
- 24:24Speaker 1: crypto legislation by August, stable coin only, stable coin and
- 24:29Speaker 1: market structure, both bills and a strategic reserve with some
- 24:33Speaker 1: you know, a little bit of cherry and then nothing
- 24:35Speaker 1: passes this year. Where do you guys stand, Gareth.
- 24:40Speaker 3: I would take the first two. I think a stable
- 24:42Speaker 3: coin in market structure do pass. There's momentum in crypto.
- 24:46Speaker 3: It's been one of the easiest pieces of legislation for
- 24:48Speaker 3: the government to agree on. It seems like. So if
- 24:51Speaker 3: there's anything that's going to get done in the government,
- 24:53Speaker 3: it does seem like this is going to be it.
- 24:54Speaker 3: So I'm in that camp.
- 24:56Speaker 1: Yeah, it is one of those things that just doesn't
- 24:58Speaker 1: hurt you as a if you vote yes or no.
- 25:02Speaker 1: I mean I think it's other than, of course, the
- 25:04Speaker 1: anti crypto army under you know, Center or Warren, which
- 25:07Speaker 1: we understand what that is. But I think now we're
- 25:10Speaker 1: we're there. How about you, Tim, Do you like both?
- 25:13Speaker 2: Yeah?
- 25:13Speaker 4: Put put me right to the right of Gareth, because
- 25:16Speaker 4: I think that we're going to be pushing close to
- 25:19Speaker 4: the strategic reserve. Can we get across the finish line
- 25:22Speaker 4: by the end of the year. Possibly not, But that
- 25:24Speaker 4: also might be one of the reasons why we end
- 25:26Speaker 4: up extending a larger bullmarket into twenty twenty six is
- 25:30Speaker 4: because that carrot is still dangling in front of the
- 25:33Speaker 4: horse going into the new year, and when you start
- 25:36Speaker 4: to see the institutions run into when you start to
- 25:38Speaker 4: see massive amounts of retirement funds being put into it,
- 25:41Speaker 4: and it becomes a much more defendable commodity that is
- 25:45Speaker 4: a fight against inflation. It is a you know, as
- 25:47Speaker 4: we've heard Larry Fink say and Michael Sailors saying, several
- 25:51Speaker 4: other wealthy individuals say it's a flight to quality.
- 25:54Speaker 2: It's not acting like a flight to quality yet, but.
- 25:57Speaker 4: They see the future the other politicians before they can
- 26:00Speaker 4: vote confidently to do it, and that's what they're gonna
- 26:02Speaker 4: need they need to see the proof in the pudding.
- 26:05Speaker 4: I think it doesn't quite happen by the end of
- 26:07Speaker 4: this year, but I think it's we're getting close, but
- 26:10Speaker 4: a lot to see.
- 26:11Speaker 2: I definitely need the two bills pass.
- 26:13Speaker 4: I think end of year or sometime early to mid
- 26:16Speaker 4: twentywighty six is when we see the wheels start going
- 26:18Speaker 4: for a strategic reserve.
- 26:19Speaker 1: All right, that's good. Let's go quick on a couple
- 26:22Speaker 1: of topics here. I want to get on Robin Hood
- 26:24Speaker 1: and Charles Schwab now with these announcements, and if you
- 26:28Speaker 1: think about this epic situation right now where banks are
- 26:32Speaker 1: now being threatened by companies like Robin Hood, who says
- 26:35Speaker 1: later this year they're going to essentially have banking services,
- 26:39Speaker 1: that changes the game. Gareth, do you think Robinhood can
- 26:42Speaker 1: flip Charles Schwab market cap by end of twenty twenty five?
- 26:46Speaker 1: I mean, this thing's flying right now.
- 26:48Speaker 3: It is flying, so based on all the metrics I'm
- 26:51Speaker 3: looking at it, it is overbought. Short term. It's kind
- 26:53Speaker 3: of gotten that meme craze going again that we've seen
- 26:57Speaker 3: with these retail investors. Having said that, I think there's
- 27:00Speaker 3: a real long game here, right. So so if you
- 27:03Speaker 3: ask me where it is in a in a year
- 27:04Speaker 3: or two, yes, I do think it can flip it.
- 27:07Speaker 3: I just think in the shorter term, it's got to
- 27:08Speaker 3: pull it back.
- 27:09Speaker 2: All right.
- 27:10Speaker 1: I like that having a little fun there. Hey, how
- 27:12Speaker 1: about you, Tim d you like Hood over Schwab.
- 27:16Speaker 4: But the reason why I would put myself in the
- 27:18Speaker 4: yes categories because this was inevitable crypto from from the
- 27:23Speaker 4: minute to Tocinamoto created bitcoin and blockchain technology. Well he
- 27:27Speaker 4: didn't create much of knowledge, but he used it to
- 27:28Speaker 4: create bitcoin banks. Anyone who paid attention to it, if
- 27:32Speaker 4: they saw the riding on the wall, they knew their
- 27:34Speaker 4: number was being called Robinhood. Of course, not a bank necessarily,
- 27:38Speaker 4: but it started off a trad fight. What is called
- 27:40Speaker 4: Robinhood to do so well over the last couple of
- 27:42Speaker 4: years is that they are one of the few tradfied
- 27:44Speaker 4: types of companies who adapted early. If banks do not
- 27:50Speaker 4: fully embrace cryptocurrency and start learning from cryptocurrency business to
- 27:54Speaker 4: trouble to adapt their customers, they're going to lose their customers.
- 27:58Speaker 2: Actually, it's actually do a Robinhood.
- 28:01Speaker 1: Well, you look at where Robinhood their their technology shift.
- 28:05Speaker 1: They selected Arbitrum as the chain to build the robin
- 28:08Speaker 1: Hood chain on. This is gonna, I think, really open
- 28:12Speaker 1: up a lot of eyes in the banking sector, even
- 28:14Speaker 1: in the brokerage sector itself. All right, last up, we're
- 28:17Speaker 1: gonna hit XRP at the end. But before we go
- 28:19Speaker 1: to XRP, Solana and Swee. This is a battle right
- 28:24Speaker 1: now of which is going to perform best by September. Gareth,
- 28:28Speaker 1: let's start with you.
- 28:30Speaker 3: I'm gonna go with Solana. I think Solana is my favorite. Here.
- 28:33Speaker 3: We just have a little bit of a breakout on
- 28:35Speaker 3: the chart here. If we flip it over to that,
- 28:37Speaker 3: you can see we had this downsloping parallel. We've just
- 28:40Speaker 3: broken above it. You should see this rip up and
- 28:43Speaker 3: test the one eighty to one ninety level. That's a
- 28:45Speaker 3: bigger key level going back really multiple about about a
- 28:49Speaker 3: year and a half or so. If it can then
- 28:51Speaker 3: get through one eighty one ninety, it's off to the
- 28:53Speaker 3: races towards two ninetyes. So either way, I'm a bigger
- 28:56Speaker 3: fan of Solana here. I'm gonna stick with them.
- 28:58Speaker 1: All right, Slana, how about you, Tim?
- 29:01Speaker 4: I think if you were asking which one will benefit
- 29:03Speaker 4: more in terms of total market cap. I think Solana
- 29:06Speaker 4: absolutely could do that. But if you're talking about return
- 29:09Speaker 4: on my investment, I think sue is still the right
- 29:12Speaker 4: one now if you'd ask this question, if we hadn't
- 29:14Speaker 4: had a large pullback like we have over the last
- 29:17Speaker 4: couple of months, Sue really had had just a really
- 29:19Speaker 4: big run, especially you know, to end last year in
- 29:23Speaker 4: twenty eighty four, then even here in April of twenty
- 29:25Speaker 4: one five, very very good run on Sue. But we've
- 29:28Speaker 4: had a pretty good correction. I guess I'll share my screen.
- 29:30Speaker 4: We've had a pretty good cool off here on Sue.
- 29:33Speaker 4: And even though yes, some people are gonna point towards
- 29:35Speaker 4: that whole fiasco where I can't remember what was built
- 29:39Speaker 4: on Suey that was hacked? How many times had that
- 29:42Speaker 4: happened to Solana? Right, that doesn't kill Shanna. You can't
- 29:45Speaker 4: hold something that was built on sue. You can't be
- 29:47Speaker 4: held in Suey. Suie is still a special coin. Suey
- 29:50Speaker 4: pulled back very dramatically. Let me, I can't remember exactly
- 29:54Speaker 4: if this one hit. Yeah, just to the golden pocket
- 29:57Speaker 4: pretty much. That to me is a strong bottom position.
- 30:02Speaker 4: And again I'm not saying the Sui is gonna blow
- 30:04Speaker 4: up and by the end of the summer, you know,
- 30:07Speaker 4: be at fifteen sixteen dollars. I'm not being ridiculous like that,
- 30:11Speaker 4: but I think the Sui by the end of year
- 30:12Speaker 4: easily is at new all time highs here I think
- 30:14Speaker 4: flirting with the seven dollars mark. I think Solana is
- 30:17Speaker 4: doing very well itself. So no insult to Salana. But again,
- 30:21Speaker 4: then you go back to are we talking market cap
- 30:23Speaker 4: or are we talking dollars tournaments?
- 30:26Speaker 2: Yeah, I think.
- 30:28Speaker 4: If I put one thousand dollars into Sui and one
- 30:30Speaker 4: thousand dollars in Salana right now, I think my thousand
- 30:33Speaker 4: dollars in Sui will be worth more at the end.
- 30:35Speaker 2: Of the year than Solana.
- 30:37Speaker 1: So that's yeah, because I mean you're you're looking at
- 30:39Speaker 1: what would almost be a two and a half x
- 30:41Speaker 1: versus worse sue Suie as now, which is a two
- 30:44Speaker 1: eighty nine trading. So all right, well, I like both
- 30:48Speaker 1: of these tokens, but I like your opinions on this.
- 30:50Speaker 1: Let's get into XRP. We got to jump in there.
- 30:52Speaker 1: Everybody's been waiting on this. We're in the fourth quarter now, guys,
- 30:56Speaker 1: I'm saying it's neck and neck. Who's going to win
- 30:59Speaker 1: this one. We've got an XRP twenty twenty five high
- 31:02Speaker 1: potential at three forty five bucks seven or do we
- 31:06Speaker 1: see a ten dollars XRP. Gareth, what do you like
- 31:10Speaker 1: about XRP.
- 31:12Speaker 3: I'm gonna go with the three forty, all right?
- 31:17Speaker 1: Is that again wrong?
- 31:19Speaker 3: Or it's a strong three forty? I mean that would
- 31:21Speaker 3: still be a percentage move that if you're in the
- 31:22Speaker 3: stock market, would be pretty impressive. Maybe not in crypto
- 31:25Speaker 3: the stock market, but you can see here what I
- 31:27Speaker 3: like about it. In the short term, You've broken above
- 31:29Speaker 3: this little short term downslopeing consolidation phase. That should open
- 31:33Speaker 3: the door for a test of maybe two ninety five,
- 31:35Speaker 3: and I'll give it the benefit of the doubt that
- 31:37Speaker 3: I think we can get through that. I'm still just
- 31:39Speaker 3: a skeptic overall in the risk asset market, not to
- 31:41Speaker 3: say that, you know, ripple is is XRP is fully
- 31:45Speaker 3: risk asset. Maybe it's got other characteristics to it, but
- 31:48Speaker 3: I do believe that panic and fear, if we do
- 31:50Speaker 3: see it later this year, a correction in the markets,
- 31:53Speaker 3: I still believe that that will have an impact on
- 31:55Speaker 3: these all coins and even on on sueye excuse me
- 31:58Speaker 3: on XRP.
- 32:00Speaker 1: Yeah, how about you, Tim, Where do you like it?
- 32:03Speaker 2: Yeah? When you look at that chart, I'm gonna go.
- 32:04Speaker 4: I'll show my chart here in just a little bit,
- 32:06Speaker 4: but I'm gonna go somewhere in the world of between
- 32:10Speaker 4: five to seven dollars.
- 32:11Speaker 2: Now. Garrett said that he's doing things a lot more
- 32:14Speaker 2: short term.
- 32:15Speaker 4: I also I'm making an if then statement with some
- 32:18Speaker 4: things I've said earlier. If we continue to see the
- 32:22Speaker 4: progress with the bills that we see coming out with
- 32:24Speaker 4: stable coins and then with overall regulation, if we get
- 32:28Speaker 4: the ETFs approved, which all things we think are gonna happen,
- 32:31Speaker 4: if we get multiple rate cuts bringing liquidity.
- 32:34Speaker 2: Back into the game.
- 32:36Speaker 4: XRP is a coin that I think is gonna fly.
- 32:38Speaker 4: I think a lot of all corns are gonna fly.
- 32:39Speaker 4: I think an all coin season starts sometime in September
- 32:43Speaker 4: and we start see all coins outpaced Bitcoin for the
- 32:46Speaker 4: first time in a long time. What I'm looking at
- 32:48Speaker 4: in the chart also is people are you know, people
- 32:52Speaker 4: are a little bit upset with XRP because of how
- 32:54Speaker 4: boring it is right now, who knew when Ripple said
- 32:58Speaker 4: they were going to create a stable coin, they were
- 32:59Speaker 4: just talking about XARP over the last couple of months, right,
- 33:01Speaker 4: it's just consolidating right here pretty much around two twenty.
- 33:06Speaker 4: Goes a little high, goes a little low. It's just consolidating.
- 33:08Speaker 4: But the Bollinger bands right now are building up in
- 33:11Speaker 4: a way that we have not seen them build up.
- 33:14Speaker 2: I think.
- 33:14Speaker 4: I think even as far as the weekly chart, we
- 33:16Speaker 4: are seeing constriction once again on the weekly chart in
- 33:18Speaker 4: the Bolinger bands that we haven't seen since way back
- 33:21Speaker 4: here in September of twenty twenty four. I'm not predicting
- 33:24Speaker 4: the same time frame of an explosive move, but this
- 33:28Speaker 4: was something Paul I remember saying on your channel way
- 33:30Speaker 4: back here, I think I said I was saying way
- 33:31Speaker 4: back in November of twenty three. I said, guys, I
- 33:34Speaker 4: don't know when, I don't know what it's going to
- 33:36Speaker 4: look like, but XRP is going to explode. Everyone who's
- 33:39Speaker 4: fading it, they're going to get very disappointed. It's going
- 33:42Speaker 4: to have a massive run to the upside. I probably
- 33:44Speaker 4: had to wait an entire year for that prediction to
- 33:46Speaker 4: come true, but it did.
- 33:48Speaker 2: And then here in this period of November, nothing outperformed XRP.
- 33:52Speaker 2: We are gearing up.
- 33:53Speaker 4: If I turn this Bolinger bands off, we are gearing
- 33:55Speaker 4: up again, just like some other things you looked at.
- 33:57Speaker 4: Yes we're boring right now, Yes we're constricting. We're constricting
- 34:02Speaker 4: within however you want to draw it some form of
- 34:05Speaker 4: a a either negative channel, of descending channel, or some
- 34:09Speaker 4: form of triangle attached to or explosive move. Conservatively, I
- 34:13Speaker 4: would take at least this opening of the formation and
- 34:17Speaker 4: talk about the rest this summer, a move up over
- 34:20Speaker 4: four dollars. End of year, I think you get again
- 34:23Speaker 4: five to seven dollars might range the longer term move
- 34:26Speaker 4: though again, if this bullflag pattern ends up playing out, if.
- 34:29Speaker 2: I can get rid of that line, there we go,
- 34:30Speaker 2: would be a move.
- 34:31Speaker 4: I still have XRP by end of bull market going
- 34:35Speaker 4: somewhere in the world of eleven to twelve dollars. We
- 34:39Speaker 4: don't get there in twenty twenty five, so that's why
- 34:40Speaker 4: I'm not saying above eight ten dollars. I think by
- 34:44Speaker 4: the end of twenty five we're sitting summer in the
- 34:46Speaker 4: five to seven most of the way to that higher level,
- 34:49Speaker 4: and then we got to finish the rest of it
- 34:50Speaker 4: sometime during twenty twenty six. Lots of volatility in here,
- 34:54Speaker 4: but that's kind of my trajectory and explosiveness for what
- 34:57Speaker 4: I think xrpiece capable of. I think, by the way,
- 35:00Speaker 4: with my estimates of what that looks like, we're talking
- 35:02Speaker 4: about a market cap for XRP in the world of
- 35:05Speaker 4: seven hundred billion, and some people are gonna not like that.
- 35:08Speaker 4: Some people are gonna say that, Tim, that's way too much.
- 35:12Speaker 4: XRP is positioning themselves. Again, we just talked about it.
- 35:14Speaker 4: With what Ripple is doing, what Robin Hood's doing, they're
- 35:17Speaker 4: gonna be not just a major player in the world
- 35:19Speaker 4: of cryptocurrency, They're gonna be a major player in the
- 35:21Speaker 4: world my gosh, they're going to be a player in
- 35:23Speaker 4: the world of the banking system as well. And so
- 35:26Speaker 4: when you start to think about seven hundred million dollars,
- 35:28Speaker 4: because they're one of the largest banking systems in.
- 35:30Speaker 2: The world, that doesn't sound as crazy.
- 35:34Speaker 1: Well, so I had to triple you there, Tim, because
- 35:37Speaker 1: you're all over the place, right. So it started around
- 35:40Speaker 1: the five to seven. I like the five to seven
- 35:42Speaker 1: for twenty twenty five, yes, but I like that you're
- 35:45Speaker 1: out there. I could. I don't even have a chart
- 35:47Speaker 1: for Tim, you know, for XRP. So anyway, Hey, listen, guys,
- 35:51Speaker 1: this has been fun. I love getting traders that have
- 35:54Speaker 1: differing opinions but also kind of align themselves with where
- 35:58Speaker 1: the market trends are going. So it's been great having
- 36:00Speaker 1: both of you on the show. Great. Thank you so
- 36:02Speaker 1: much for coming in. Appreciate it. Tim. As always, you
- 36:05Speaker 1: guys have been great. We'll get you guys soon. Thanks again.
- 36:11Speaker 1: All Right, guys, if you are not believe me, If
- 36:14Speaker 1: you guys like these kind of shows, let us know,
- 36:16Speaker 1: drop some comments down below. If you're not the Diamond Circle,
- 36:18Speaker 1: get in on that. It's a great place to get
- 36:20Speaker 1: additional content from us. Of course, follow me out there
- 36:22Speaker 1: on X and we'll catch you next time right here
- 36:25Speaker 1: on The Paul Baron Show.