Latest / The Paul Barron Crypto Show / Ethereum Leads Rally📈Technical Analysis with Tim Warren Trades
Transcript
- 0:00Speaker 1: Ethereum is on a hunt for leading out the next rally. Today,
- 0:03Speaker 1: we'll break it down for you. You've got a special
- 0:05Speaker 1: trader for you. You don't want to miss it. Let's
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- 0:41Speaker 1: And right now as the market is moving like it
- 0:43Speaker 1: is perfect time to do some of those things. Let's
- 0:45Speaker 1: go over and of course I want to bring in
- 0:47Speaker 1: Tim Warren. You guys know him from the Tim Warren
- 0:50Speaker 1: Trades channel. If you guys aren't subscribe, jump over to
- 0:52Speaker 1: Tim's channel right there. Brewing in on sixty thousand plus subscribers,
- 0:58Speaker 1: fifteen hundred videos. Cracking out there, Tim, So fantastic job
- 1:03Speaker 1: you're doing there, man, unbelievable, unbelievable work. Keep it up.
- 1:08Speaker 1: Let's get into a few things right here. Hello, we
- 1:11Speaker 1: have something that has just shown up on the eighth
- 1:15Speaker 1: chain and that is called for soaka. It is now
- 1:18Speaker 1: securely scaling. So we have another win for Ethereum. Two
- 1:23Speaker 1: major upgrades one year. What do you make of this?
- 1:26Speaker 2: I mean, it's a great thing. Fundamentally, we continue as
- 1:29Speaker 2: analysts to kind of talk about this. The charts. You
- 1:32Speaker 2: guys know, I'm a chart guy. The charts are not
- 1:34Speaker 2: necessarily telling the full story of what's going on in crypto.
- 1:37Speaker 2: If you're just a chart guy, you think this whole
- 1:39Speaker 2: year has sucked all the way around. Fundamentally, it's so
- 1:44Speaker 2: hard to be bearissed right now. If you don't look
- 1:46Speaker 2: at charts and you just pay attention to news, you're thinking,
- 1:49Speaker 2: I gotta buy all this crypto. I can Hopefully that
- 1:52Speaker 2: changes the charts here soon.
- 1:54Speaker 1: Yeah, we got Matt Hogan talking about it. Theorium delivering
- 1:57Speaker 1: two major upgrades one year, very impressive shipping, fast proving throughput.
- 2:01Speaker 1: Ux is coming up. We've got all sorts of value
- 2:04Speaker 1: capture coming into the ecosystem. If you look at the
- 2:08Speaker 1: ETH chart, because we're starting to make a move here
- 2:12Speaker 1: right now, let's take a look at the eight bitcoin
- 2:14Speaker 1: give me that trade analysis. What do you think we
- 2:16Speaker 1: should be looking at going on with eth?
- 2:19Speaker 2: Yeah, well we'll start there. We'll start with ETH over bitcoin, which,
- 2:22Speaker 2: of course here is starting to make a little push again.
- 2:25Speaker 2: You know, we had ways to go before getting back
- 2:26Speaker 2: up to the highs we had earlier this year at
- 2:28Speaker 2: point zero four to three or so. But it's really good.
- 2:32Speaker 2: You don't want to over you don't want to over
- 2:35Speaker 2: talk about this move right here, breaking above a level
- 2:38Speaker 2: of resistance that we had back here on November tenth,
- 2:41Speaker 2: is the highest we've been since back here on November third,
- 2:44Speaker 2: so over a month ago. At this point, there's a
- 2:47Speaker 2: little bit of volatility coming in today, but it does
- 2:49Speaker 2: look right now like ethereum is starting to steal some
- 2:52Speaker 2: movements back from Bitcoin. You can see on our oscillator
- 2:55Speaker 2: that we like to use, a bullish divergence has been
- 2:58Speaker 2: in play. We have a bullish signal in play. Things
- 3:01Speaker 2: are trending to the upside, and because of that you're
- 3:04Speaker 2: continuing to watch this chart right here Bitcoin dominance. Yes,
- 3:08Speaker 2: it had a little bit of a rally here last
- 3:09Speaker 2: couple of days, but overall continuing a downward trend, which
- 3:14Speaker 2: kind of says, right now, all coins look like they
- 3:17Speaker 2: want to start making some moves over bitcoin, and I
- 3:20Speaker 2: think Bitcoin still has a little bit to go up here,
- 3:22Speaker 2: So could all coins have a really big special day
- 3:24Speaker 2: over the next little bit. Let's take a look at
- 3:26Speaker 2: the ethereum price action it self. I've been telling my audience, Paul,
- 3:30Speaker 2: keep an eye right now. We have the daily bicycle
- 3:32Speaker 2: that came in. We looked at that misdirection move we
- 3:34Speaker 2: bought in right here. I'm keeping my eyes right now
- 3:37Speaker 2: on two different levels of resistance and along that we're
- 3:39Speaker 2: trading the first one a big order block coming in
- 3:42Speaker 2: here right along with a former support level of downward
- 3:46Speaker 2: trending support. That's gonna be a level to watch just
- 3:49Speaker 2: above thirty three hundred Watch thirty three hundred b at
- 3:52Speaker 2: least a temporary level of resistance if we break through
- 3:55Speaker 2: when I think we will, let's say bitcoin goes up
- 3:57Speaker 2: to like one oh three, and I'm sure we'll talk
- 4:00Speaker 2: that later in the video. The next order block and
- 4:02Speaker 2: next level of resistance. I keep an eye on is
- 4:05Speaker 2: sitting just south of thirty nine hundred dollars. Those two
- 4:08Speaker 2: levels of resistance should be pretty key. I guarantee there's
- 4:11Speaker 2: already some cell signals there. The question is going to
- 4:14Speaker 2: be do the bulls hesitate and then push through or
- 4:18Speaker 2: do you see a small retlacement right here, maybe a
- 4:20Speaker 2: higher low put in then we make our way towards
- 4:23Speaker 2: the higher level. That's the question at this point. But
- 4:25Speaker 2: right now, you look at a lot of daily charts,
- 4:28Speaker 2: you look at a lot of volume. Things are bullish
- 4:31Speaker 2: in the short term right now, Does that mean the
- 4:32Speaker 2: bottom is in? I'm not ready to confess that yet.
- 4:36Speaker 2: I'm not ready to guarantee the bottom is in just yet.
- 4:38Speaker 2: I think it's close. I think it could be in.
- 4:41Speaker 2: But I'm enjoying longing right now because there are some
- 4:44Speaker 2: big moves coming still in the next couple of weeks.
- 4:47Speaker 1: This would be well, it's going to be very important
- 4:51Speaker 1: in terms of this rejection if we do get that
- 4:54Speaker 1: rejection off that you know, that range of around thirty eight.
- 4:57Speaker 1: But if we hit what do you think the pop
- 5:00Speaker 1: probability is right now for it possibly coming back down
- 5:03Speaker 1: into the three k zone. This was f Yeah, he
- 5:06Speaker 1: was kind of k yeah around the three k zone.
- 5:10Speaker 2: Yeah. So now you're gonna get into maybe a little
- 5:12Speaker 2: bit shorter timeframe than even what I was talking about.
- 5:15Speaker 2: To see this uh X account right here, this tweet
- 5:19Speaker 2: right here, I think there's a short term zone we
- 5:21Speaker 2: could go three thousand. What I would say is when
- 5:23Speaker 2: I just said as that I'm not quite certain the
- 5:25Speaker 2: bottoms in just yet, there is a very real chance
- 5:30Speaker 2: that we could see crypto give one more good manipulated
- 5:33Speaker 2: swing to the downside to shake out retail investors. I
- 5:36Speaker 2: don't think it goes a whole lot lower if we
- 5:38Speaker 2: do that. Again, the keyword there is if. But I
- 5:43Speaker 2: anyone who's sitting here saying when the bottoms, I din't.
- 5:45Speaker 2: I don't think twenty five hundred is off the table
- 5:48Speaker 2: for a three in the short term. Here's what I'll
- 5:50Speaker 2: show you on the short term, because I was kind
- 5:52Speaker 2: of more talking about the next couple of weeks. If
- 5:54Speaker 2: you want to talk about the next day or two
- 5:56Speaker 2: right now. The four hour chart didn't mean to draw
- 5:58Speaker 2: right there. The four hour chart did hit its own
- 6:01Speaker 2: level of resistance right here, So you had order block
- 6:03Speaker 2: that came in right here at thirty two thirty two.
- 6:06Speaker 2: And if you look at the oscillators right now. I
- 6:09Speaker 2: always love to take these as short term short positions,
- 6:12Speaker 2: so this would be a scout position right here. Red
- 6:14Speaker 2: reversals will come in. There's a grade dot, and you
- 6:16Speaker 2: can see the money flow right there is curving over.
- 6:20Speaker 2: So you have the three things that I look for
- 6:22Speaker 2: to enter shorts. This is only a four hour chart,
- 6:25Speaker 2: right so I'm not necessarily looking at this and saying, man,
- 6:28Speaker 2: we're going to get destroyed. To the downside. This tells
- 6:30Speaker 2: me an area to keep an eye on in the
- 6:32Speaker 2: next let's say forty eight hours. Because it's the four
- 6:35Speaker 2: hour chart. Three thousand is the nice order block right there,
- 6:38Speaker 2: a nice higher low from where we just were. We
- 6:42Speaker 2: could and I'm not guaranteeing we get this low, we
- 6:44Speaker 2: could make a move back to that level, get a bounce,
- 6:46Speaker 2: and then make our way up there towards that thirty
- 6:48Speaker 2: three hundred I talked about earlier.
- 6:50Speaker 1: All Right, I want to go to a clip because
- 6:52Speaker 1: this will break down what could be happening. Because there's
- 6:56Speaker 1: a couple of analysts out there that are kind of
- 6:58Speaker 1: pushing to some potential rally scenarios. Let me play this
- 7:02Speaker 1: for you, then get your opinion. Take a look.
- 7:05Speaker 3: This is an lf rally right now on the way
- 7:08Speaker 3: to a Santa Claus type of rally.
- 7:10Speaker 1: Why is that the case?
- 7:11Speaker 3: Obviously tailwinds coming in the first quarter of next year.
- 7:14Speaker 3: Really between February and April, you might see some good
- 7:16Speaker 3: tax refunds, fiscal bill relief. On the consumer side, consumers
- 7:20Speaker 3: already resilient, boomers are spending. They're the biggest growth area,
- 7:24Speaker 3: masking over some weakness in some other areas. But then
- 7:27Speaker 3: you get the actual corporate tax relief as well. Tax
- 7:32Speaker 3: is probably not the right word, but in short, in
- 7:33Speaker 3: terms of fiscal bill relief, get a couple of tailwinds.
- 7:36Speaker 3: Capeck still moving forward. But the critical point is is
- 7:39Speaker 3: when have we seen the federal reserve cut rates into
- 7:44Speaker 3: a growing momentum economy. It's been a long time. We
- 7:48Speaker 3: know why. But at the end of the day, the
- 7:50Speaker 3: third mandate, which is price stability. Arguably speaking, asset price
- 7:54Speaker 3: stability is alive and well, and that gives us a
- 7:57Speaker 3: very good comfort level for twenty six being a proud
- 8:00Speaker 3: mike versus a stampeding bull.
- 8:04Speaker 1: All right, So proud buwl versus stampeding I'm assuming that
- 8:07Speaker 1: they're talking about the S and P. Obviously we might
- 8:09Speaker 1: get a stampeding bull maybe in twenty twenty six and
- 8:14Speaker 1: instead of the proud bull that we kind of had
- 8:16Speaker 1: this year, if you depending on where you bought. But
- 8:18Speaker 1: what do you think about that? Do you think twenty
- 8:20Speaker 1: six is still on the table in terms of a
- 8:23Speaker 1: positive year for crypto?
- 8:24Speaker 2: I am bullish long term. I'm bullsh in twenty twenty six,
- 8:26Speaker 2: but you heard me say earlier, I'm not convinced yet
- 8:29Speaker 2: that the bottom is in, right. I love the rilly
- 8:33Speaker 2: we've had over the last couple of days. I think
- 8:35Speaker 2: it's very good. However, when you go back and you
- 8:37Speaker 2: look at things like in twenty twenty two, even go
- 8:40Speaker 2: back and look at twenty nineteen when we had quantitative
- 8:43Speaker 2: tightening ending with rates being cut, that didn't guarantee the
- 8:46Speaker 2: bottom of bitcoin and crypto was in. Why, Because manipulation
- 8:51Speaker 2: is still a part of the game. These large individuals
- 8:54Speaker 2: that are coming into space. We're seeing headlines of fidelity,
- 8:56Speaker 2: We're seeing headlines of Goldman Sachs and Black raw Can
- 9:00Speaker 2: others talking about glowingly how much they love cryptocurrency right now,
- 9:03Speaker 2: and they're telling people to go get in on it.
- 9:06Speaker 2: I think the bottom's close, but I always I don't
- 9:09Speaker 2: know what you, Paul. I always have this slight tinge
- 9:12Speaker 2: when I hear these large banking industries get so bullish
- 9:16Speaker 2: with their opinions. To me that almost screams, you got
- 9:20Speaker 2: to trick up your sleeve. You're tell a story. And
- 9:23Speaker 2: that's what's keeping me from saying the bottom is in
- 9:25Speaker 2: right now. The charts look good, the news looks good,
- 9:28Speaker 2: but to me, it's almost too good, and it kind
- 9:31Speaker 2: of says, maybe the bottom needs one more good swing
- 9:34Speaker 2: before we're ready to bottom out.
- 9:35Speaker 1: I like the thesis on it. You know, again, this
- 9:39Speaker 1: goes back to just all the positive things that are
- 9:41Speaker 1: going on in the market. Biggest tax boom since the Internet,
- 9:45Speaker 1: ongoing fed Rake cuts. You know, we're dealing with trem
- 9:48Speaker 1: Trump's impending new chair announcements, which we already know seven
- 9:51Speaker 1: or a billion, you know, in terms of innovation around Capex.
- 9:54Speaker 1: This is all flowing into the AI side of things,
- 9:56Speaker 1: which I still think plays into crypto in general. The
- 10:00Speaker 1: most market conscious US president ever, I would agree with that.
- 10:04Speaker 1: And then now you've got two plus trillion and annual
- 10:07Speaker 1: deficit spending. That's the problem I think that we have
- 10:09Speaker 1: to look at. We are in a position right now
- 10:14Speaker 1: where to your point is, there's a lot of good news,
- 10:16Speaker 1: there's a lot of good direction, but execution is really
- 10:21Speaker 1: the tail of the tape. We need regulation in January,
- 10:24Speaker 1: which is going to be coming through the Market Structure
- 10:27Speaker 1: Bill and the Clarity Act, so that changes things.
- 10:30Speaker 2: The question at the end, what is the bear case?
- 10:32Speaker 2: The bear case is all of these large institutions have
- 10:36Speaker 2: a lot of money and a lot of power and
- 10:38Speaker 2: a lot of control. Swing the price one more time,
- 10:41Speaker 2: get rid of the retail investors so they can get
- 10:42Speaker 2: that really cheap asset because they know it's going to
- 10:45Speaker 2: be bullish in twenty way six, they're more patient in retail.
- 10:48Speaker 2: It's not an issue of barecase, meaning full blown bear market.
- 10:51Speaker 2: It's a bare case saying if you think that they can't,
- 10:54Speaker 2: you are already wrong. They actually can and when they
- 10:58Speaker 2: can now to start, the question starts to be asked,
- 11:00Speaker 2: why wouldn't they? And that's where I kind of run
- 11:03Speaker 2: into a problem, saying bottom is in, So.
- 11:05Speaker 1: What do you make of this? Right here? Bitcoin moving
- 11:08Speaker 1: and it's moving out of micro Strategy and onto Fidelity.
- 11:12Speaker 1: That's a billion dollars there, Tim, look at all those transactions.
- 11:17Speaker 2: Yeah, you totally about this right before went live. So
- 11:20Speaker 2: I need to do more digging and looking into some
- 11:23Speaker 2: of the details that could go on here, because that
- 11:24Speaker 2: could mean a plethora of things. I don't really want
- 11:26Speaker 2: to jump the gun and say overwhelming it. That's really
- 11:30Speaker 2: good or oh, that's really bad. What are they doing?
- 11:33Speaker 2: What are they partnering with Fidelity? They're not moving it
- 11:35Speaker 2: to an exchange to liquidate it. Why are they moving
- 11:38Speaker 2: a billion dollars a bitcoin to Fidelity? Again, there's a
- 11:41Speaker 2: there's a plethora of reasons and things that could happen
- 11:44Speaker 2: with that. So I'm not going to overreact to it
- 11:46Speaker 2: just yet. Maybe someone in chat is an expert on
- 11:48Speaker 2: it and they'll let us know in the comments.
- 11:50Speaker 1: Yeah, let me know in the comments what you guys
- 11:51Speaker 1: think is happening here. But in the meantime, let's take
- 11:54Speaker 1: a look at micro Strategy because it has been on
- 11:57Speaker 1: the fence of continued depletion as a stock. Yeah, is
- 12:01Speaker 1: this maybe a reversal for micro Strategy if you look
- 12:04Speaker 1: at the chart.
- 12:06Speaker 2: Yeah, Well, so with one of things that we thought
- 12:08Speaker 2: was very interesting. They're, you know, obviously gonna be very
- 12:10Speaker 2: tied to bitcoin. They're gonna be a leverage play on bitcoin.
- 12:13Speaker 2: So if bitcoin's doing well, micro strategy is probably doing well,
- 12:16Speaker 2: and a bitcoin's doing bad is doing very bad as well.
- 12:18Speaker 2: It's had a nice little couple of days here. Moving
- 12:21Speaker 2: back to the upside, one of the biggest things with
- 12:23Speaker 2: this big day that they bottomed out was the news
- 12:25Speaker 2: that they're going to start holding I think as a
- 12:28Speaker 2: I can't remember these that number of billions, but they're
- 12:30Speaker 2: gonna start holding a little bit of dollars like they're
- 12:32Speaker 2: gonna have a dollar reserve. So that maybe instilled a
- 12:34Speaker 2: little bit of confidence there. Let's not look at this
- 12:37Speaker 2: chart and try to rejoice but anything just yet. Right,
- 12:39Speaker 2: this is not a very good looking chart, but it
- 12:42Speaker 2: is one that has by signals kind of flooding in
- 12:44Speaker 2: here on longer term timeframes. It is one that yes,
- 12:47Speaker 2: we dipped a little bit below it, but we knew
- 12:50Speaker 2: even back up here we told our audience this zone,
- 12:53Speaker 2: this zone of formal resistance would be very interesting here
- 12:56Speaker 2: around one pint eighty, we of course whipped all the
- 12:58Speaker 2: way down to one fifty six. May that was more
- 13:00Speaker 2: of an overreaction. But we're working kind of recapturing and
- 13:03Speaker 2: taking this zone back on micro strategy overall, some zones
- 13:08Speaker 2: of resistance. I'm keeping an eye on, you know, because
- 13:10Speaker 2: we did you know, I actually don't myself own micro strategy,
- 13:13Speaker 2: but we talk with our team. Some members of our
- 13:15Speaker 2: team do go stocks route. We told them, hey, longing
- 13:19Speaker 2: this and looking at short term two sixteen, maybe a
- 13:23Speaker 2: longer term if bitcoin can make its way back up
- 13:25Speaker 2: to one oh three, give or take two forty seven,
- 13:27Speaker 2: could be very interesting where that order block is sitting.
- 13:30Speaker 2: But again everything is showing on the chart right now.
- 13:32Speaker 2: Look at that mac D. Just how low it is
- 13:34Speaker 2: we've I was gonna say, I want to make sure
- 13:36Speaker 2: we've never been that low on the MACD. Very very
- 13:39Speaker 2: over sold, extremely oversold. So what what does this do?
- 13:42Speaker 2: Guess what you talk about manipulation all the time, JP
- 13:45Speaker 2: Morgan and all their friends short short. They're allegedly short.
- 13:49Speaker 2: I guess that's we aren't sure they did it. They
- 13:51Speaker 2: talk negatively about it, they dump it, they arguably have
- 13:54Speaker 2: shorted it. But then you look at this massive oversould signal,
- 13:58Speaker 2: the amount of fear that was coming out in story
- 13:59Speaker 2: is not a single retail investor, and there will be
- 14:02Speaker 2: some that are brave. Not majority of retail investors want
- 14:04Speaker 2: to touch this with temperate pole. We're worried now micro
- 14:07Speaker 2: Strategy could go bankrupt. I think there was a lot
- 14:11Speaker 2: of big wealth funds that purchased in right in this area.
- 14:14Speaker 2: Why here you look at these charts and there scream, screaming,
- 14:18Speaker 2: screaming over sold. I'm not saying MicroStrategy is gonna hit
- 14:22Speaker 2: a new all time high next month. I'm saying the
- 14:24Speaker 2: opportunity for a massive rebound. The harder you fall, the
- 14:28Speaker 2: higher you bounce. Micro Strategy fell very, very hard, and
- 14:31Speaker 2: all right, well look at me.
- 14:33Speaker 1: So to your point, I think you're hitting on something
- 14:36Speaker 1: because Matt Hogan did a whole blog post on this
- 14:38Speaker 1: and his statement was no virgin. You know, obviously we
- 14:40Speaker 1: know the theme here, but Strategy is not going to sell.
- 14:43Speaker 1: It's bitcoin. The big case that he's getting into is
- 14:46Speaker 1: whether or not it's going to get removed from the MSCI,
- 14:49Speaker 1: and then, of course will it be forced, you know,
- 14:51Speaker 1: to sell just because of the NAVE and what that
- 14:54Speaker 1: plays out into the fact that they're holding dollars. Remember,
- 14:56Speaker 1: they're starting to generate a lot of different assets and
- 15:00Speaker 1: and instruments to drive even more value into dividends coming
- 15:05Speaker 1: in from I think it was strike that they were
- 15:06Speaker 1: paying almost ten percent on dividends monthly. Yeah, so that
- 15:10Speaker 1: in itself needs a generation of income to be able
- 15:13Speaker 1: to hold up to that. But he did a good job.
- 15:15Speaker 1: I think breaking this down around whether or not it's
- 15:19Speaker 1: going to get removed still up in the air. That
- 15:21Speaker 1: could put a little pressure on it, but it could
- 15:23Speaker 1: be back to the point that you were talking about,
- 15:25Speaker 1: and that is, if bitcoin does well, micro strategy is
- 15:28Speaker 1: going to typically go up, and it may be one
- 15:30Speaker 1: of those stocks that you just buy when the narrative
- 15:34Speaker 1: like Coinbase, like a robinhood, when certain narratives play out.
- 15:38Speaker 1: And one of the things that could help I think
- 15:41Speaker 1: all of these is, of course, what's going on with
- 15:42Speaker 1: Clarity into hopefully in January when we see a true
- 15:46Speaker 1: Clarity act roll into it. I want to play a
- 15:48Speaker 1: clip for you because this goes back to that point
- 15:51Speaker 1: right there of whether or not we got another bull
- 15:56Speaker 1: run in terms of a reset.
- 15:57Speaker 4: Take a look at this as the four year is
- 16:00Speaker 4: now definitively likely over what's going to happen is the
- 16:03Speaker 4: emergence of a new two year cycle or a two
- 16:06Speaker 4: to three year cycle, and that two to three year
- 16:08Speaker 4: cycle will be based on exactly what you said, institutional
- 16:10Speaker 4: behavior on profit taking. It's not just where the bitcoin
- 16:14Speaker 4: price is that matters, but how seasoned that holding period
- 16:19Speaker 4: has been for that particular investor over a period of time.
- 16:22Speaker 4: Meaning if bitcoin doesn't move at all in the first year,
- 16:25Speaker 4: then the bogie to earn thirty percent over a two
- 16:28Speaker 4: year period means now Bitcoin has to go up more
- 16:30Speaker 4: than sixty percent in the next year for the investment
- 16:33Speaker 4: to have been worthwhile. So now there's a path dependency
- 16:36Speaker 4: that's happening, not just depending on the price, but the
- 16:39Speaker 4: holding period. And this calculus is actually what drives a
- 16:43Speaker 4: lot of fund manager's behavior. If you think about the
- 16:47Speaker 4: classic pattern of year end as an important data point
- 16:49Speaker 4: and why we have a Santa claus rally in January,
- 16:52Speaker 4: it's because those are fund manager behaviors. The narrow definition
- 16:56Speaker 4: of QEU was just expansion of the fed's balance sheet,
- 16:59Speaker 4: but now people have become more targeted about QUI meaning
- 17:02Speaker 4: something a little bit more than just that. And so yeah,
- 17:06Speaker 4: I think qt ending alongside having the standard repo facility
- 17:10Speaker 4: in place is a totally new regime, and that means
- 17:14Speaker 4: you're basically muting the possibility of there ever being like
- 17:17Speaker 4: a like a financial crisis. You're muting price discovery and
- 17:21Speaker 4: liquidity discovery. It is essentially now the lender of continuous resort,
- 17:28Speaker 4: like something will break differently and they will have to
- 17:30Speaker 4: break I think much more astronomically, and in that sense,
- 17:35Speaker 4: it doesn't surprise me that the equity market will continue
- 17:39Speaker 4: to go up.
- 17:40Speaker 2: But I love what we said there Paul, because he
- 17:41Speaker 2: talked about it. He's going to keep going up. It'll
- 17:43Speaker 2: still be higher highs and higher loads. Go look at
- 17:46Speaker 2: the gold chart, Go look at the S and P
- 17:47Speaker 2: five hundred, Go look at the stock market. Even their
- 17:50Speaker 2: bear markets, they might have prolonged periods of time where
- 17:52Speaker 2: the price is not hearing new all time high, but
- 17:54Speaker 2: it doesn't pull back very far. We are going to
- 17:57Speaker 2: see a lot more time periods of small Bitcoin pullbacks
- 18:02Speaker 2: followed by decent but not like we expected before bull runs.
- 18:06Speaker 2: Even the alt coin space, I think the days of
- 18:08Speaker 2: one year seeing an alt coin go from ten billion
- 18:11Speaker 2: to three hundred billion dollars in market cap like we
- 18:14Speaker 2: saw in twenty twenty one and twenty seventeen, stuff like that.
- 18:17Speaker 2: That's not going to happen again.
- 18:18Speaker 1: Yeah, for sure, I want to flip over to Solana
- 18:20Speaker 1: because we're going to get Salana in here, so we
- 18:22Speaker 1: will also touch on chain link a little bit. Uh.
- 18:25Speaker 1: Anthony Scaramucci says that Solana could be one of the
- 18:28Speaker 1: biggest winners out there. Let me play this clip for
- 18:30Speaker 1: you and then we're going to chart it for everybody.
- 18:32Speaker 1: Take a look.
- 18:33Speaker 5: You'll be able to put a smart contract or a
- 18:36Speaker 5: security formerly known as security and tokenize it, and you'll
- 18:39Speaker 5: be able to use the rail system of the blockchain.
- 18:42Speaker 5: I think Solana will be one of the big winners.
- 18:44Speaker 5: It's not to say that the others are not also
- 18:46Speaker 5: going to win. I believe they can go habita with
- 18:48Speaker 5: each other. And the analogy I would use for people
- 18:50Speaker 5: at home is a little bit like the cloud. When
- 18:52Speaker 5: we started using cloud computing about twenty years ago, people
- 18:55Speaker 5: were reluctant to use it, and then they understood there
- 18:57Speaker 5: was great safety and anonymity in the story, and then
- 19:00Speaker 5: it proliferated and you have many cloud vendors. And I
- 19:04Speaker 5: think that's going to be the case in this world
- 19:06Speaker 5: of tokenization, but this particular token has very unique properties.
- 19:09Speaker 5: It's very cheap to use, it's incredibly fast of a set.
- 19:14Speaker 1: All right, So he's over there just Solana bulling it
- 19:18Speaker 1: up right. Yeah, Remember he has a fund on Avalanche.
- 19:23Speaker 1: We had him on the show just the other day
- 19:25Speaker 1: that we're talking and it was in reference to what
- 19:27Speaker 1: was happening in the Avax ecosystem. And yet he's out
- 19:30Speaker 1: there continuing to kind of promote I won't say promote,
- 19:34Speaker 1: but just really get behind Salon. What do you make
- 19:36Speaker 1: of the chart right now on Solana? Is this a
- 19:39Speaker 1: good place to buy or not?
- 19:41Speaker 2: It is a better place the other day, but when
- 19:44Speaker 2: you look at more macro perspectives, yeah, it's a good
- 19:47Speaker 2: place to buy. And I'll give a big reason why
- 19:50Speaker 2: you right now are down from all time highs and Solana,
- 19:53Speaker 2: you are still down fifty one percent, right, so there
- 19:56Speaker 2: are people that bought way up there. You're in a
- 19:58Speaker 2: much better spot than they. This is one right here.
- 20:01Speaker 2: I'll focus mostly on the daily and weekly. Again, I
- 20:04Speaker 2: said earlier the four hour chart, I think a pullback
- 20:07Speaker 2: could happen. Could we get a pullback back down towards
- 20:10Speaker 2: one thirty eight ish? Or maybe a little lower. I'm
- 20:12Speaker 2: not looking at the support at the moment. We could,
- 20:13Speaker 2: but in the macro perspective, the daily bisingals day came in.
- 20:16Speaker 2: You know, I told our group the other day in
- 20:18Speaker 2: our lungs, what we're watching right now is a swing
- 20:21Speaker 2: move back up here towards one fifty five ish two
- 20:25Speaker 2: one eighty three. Those two order block levels are very important.
- 20:30Speaker 2: Now a bigger detail that's coming in here. You can
- 20:32Speaker 2: see we have a w pattern kind of playing out
- 20:34Speaker 2: right now, and if we can cleanly break through. We
- 20:36Speaker 2: almost had a nice breakthrough here. We are failing on
- 20:39Speaker 2: today's daily candle, but if we can get a clean
- 20:42Speaker 2: breakthrough on that one, this right here alone could also
- 20:45Speaker 2: be a big reason that you see certain traders traded
- 20:47Speaker 2: up to with resistance back to this resistance level around
- 20:50Speaker 2: one seventy one, so split between those two order blocks
- 20:53Speaker 2: I just showed you. This is where things will get
- 20:55Speaker 2: more interesting, though, is when the weekly chart turns back bullish.
- 21:00Speaker 2: If you go back and look at a lot of
- 21:01Speaker 2: different coins, not just Solana, but others, weekly buy signals
- 21:05Speaker 2: on this indicator have been historically very very good. You
- 21:08Speaker 2: can see one right in here that came in back
- 21:10Speaker 2: in April. You can see a big one back in here,
- 21:13Speaker 2: if I can go back here, a big one that
- 21:14Speaker 2: came back in here October of twenty three. That was
- 21:16Speaker 2: a very good one that we really never had a
- 21:18Speaker 2: defined one in all of twenty twenty four. So I
- 21:20Speaker 2: can't really show you the best place in there, but
- 21:22Speaker 2: clearly you can see Solana didn't have a lot going
- 21:25Speaker 2: for it. Right now, Solana's weekly chart has been giving
- 21:29Speaker 2: us a lot of weekly reversals. The money flow is
- 21:32Speaker 2: still negative and it will be a lagging indicator. The
- 21:34Speaker 2: money flow will turn positive after the confirmed bottom, but
- 21:37Speaker 2: the oscillator is getting very close to giving us a
- 21:40Speaker 2: green dot of bullish momentum, and then after that the
- 21:43Speaker 2: money flow will flip again. Historically, you look at these
- 21:46Speaker 2: buy signals, they have been major rallies here for multiple
- 21:49Speaker 2: months at least for Solana, and you follow that with
- 21:53Speaker 2: the liquidity coming back in this. This is what leads
- 21:55Speaker 2: me still to believe I'm not telling you the bottoms in.
- 21:57Speaker 2: I'm not saying we can't have a manipulative swing low
- 22:00Speaker 2: here closer towards one hundred, but I think with that
- 22:02Speaker 2: weekly bisingal goes to think that a new all time
- 22:06Speaker 2: high at least is coming, then we're gonna probably star
- 22:08Speaker 2: talking about four hundred to five hundred range before the
- 22:10Speaker 2: next major resistance level according to charts. I'm bullsh on
- 22:14Speaker 2: Salon right now. It is one of the coins that
- 22:15Speaker 2: I've been focused on. I have a plied through coins
- 22:17Speaker 2: in my portfolio, but I like to focus on a
- 22:19Speaker 2: couple of time. Solana is one of about four or
- 22:22Speaker 2: five coins right now that I'm telling people, Hey, I
- 22:24Speaker 2: think something big is coming, I'd be loading up right now.
- 22:27Speaker 1: Well, you've got breakpoint coming up here in just a
- 22:29Speaker 1: few weeks. That, of course, and itself. That's for those
- 22:32Speaker 1: of you brand new. It's basically Solana's super Bowl. There's
- 22:36Speaker 1: going to be announcements that will be partnerships, all sorts
- 22:39Speaker 1: of things. You'll probably get a little bit of run
- 22:40Speaker 1: up prior to it. Sometimes it's to sell the news
- 22:42Speaker 1: kind of thing. But that is another factor that plays
- 22:46Speaker 1: into a special round. Things like Solana Sweet is making
- 22:49Speaker 1: moves right here. They've got an approval right here. First
- 22:51Speaker 1: ever two x leverage suite ETFs now available live on Nasdaq.
- 22:56Speaker 1: This is coming via twenty one shares. So another big
- 22:58Speaker 1: move for four Sweet network. When you look and this
- 23:02Speaker 1: we we've kind of been back and forth on Sweet.
- 23:04Speaker 1: It's been one of the aggressive movers over the last week. Yeah,
- 23:07Speaker 1: where where are you right now? On Sweet? Do you
- 23:10Speaker 1: like it or you don't like it? As a trade?
- 23:12Speaker 1: Would you short this or long it right now?
- 23:15Speaker 2: Oh? Absolutely, I'd be looking. If you were scalping, you
- 23:18Speaker 2: might have an argument for a short, But if you're
- 23:19Speaker 2: looking at a longer term movement, if you're a swing
- 23:21Speaker 2: trader saying I want to start buying and holding for
- 23:23Speaker 2: a couple of months, I would move in the direction
- 23:26Speaker 2: of longing this one with some BI singles, probably again
- 23:29Speaker 2: having one just in case, a little bit lower than
- 23:31Speaker 2: the bottoms we have here, just to be safe. I
- 23:34Speaker 2: think you smart. Here's what I'll say, though, Oh let's
- 23:36Speaker 2: see that actually is a little indication we probably need
- 23:38Speaker 2: a little bit of a pullback here on suite. When
- 23:40Speaker 2: you see that big, big, big, big, big volume right
- 23:44Speaker 2: there and it's a small candle, that is a sign
- 23:46Speaker 2: that people took some profit right there. But in a nutshell,
- 23:49Speaker 2: we're looking the same things with the others. That big
- 23:51Speaker 2: bisgnal came in here again, it's going to move very
- 23:53Speaker 2: similarly to bitcoin. So I'm kind of sitting here watching
- 23:56Speaker 2: we did. We did tell our audience we took actually
- 23:58Speaker 2: some profit here at once seventy nine. Why because that
- 24:02Speaker 2: was the top of a smart trail. But I'm telling
- 24:04Speaker 2: my audience the next levels to watch two dollars give
- 24:07Speaker 2: or take, and then somewhere in the world of two
- 24:09Speaker 2: thirty two dollars and two thirty very interesting levels. But
- 24:14Speaker 2: just like Solana, keep an eye out here. This one,
- 24:16Speaker 2: actually you can make the argument is maybe a little
- 24:18Speaker 2: closer to that weekly bi signal. Take a look here
- 24:21Speaker 2: last couple of times we had weekly by singals April
- 24:23Speaker 2: of twenty twenty five, go back over here July ish,
- 24:28Speaker 2: So again that was right before. I think we had
- 24:29Speaker 2: one more correction there, but we had a actually no
- 24:32Speaker 2: almost perfect time right there. We're right there in July
- 24:35Speaker 2: to August. Perfect time to buy that weekly by signal
- 24:38Speaker 2: is about to sneak back in here, so I would
- 24:41Speaker 2: be watching that. We look at that quorder block bix
- 24:43Speaker 2: it on right there, I'd be watching that weekly by
- 24:45Speaker 2: single And if that happens, I'm not gonna promise new
- 24:48Speaker 2: all time high because again we didn't get a new
- 24:49Speaker 2: all time high here in August, but with liquidy coming
- 24:52Speaker 2: back in, I think logic would suggest that next weekly
- 24:55Speaker 2: by signal should send us to new highs up above
- 24:59Speaker 2: six seven dollars in the next couple of months. Well
- 25:02Speaker 2: I stayed next six.
- 25:03Speaker 1: Yeah, and I think there's two things that could be
- 25:05Speaker 1: happening around what I kind of consider three of the
- 25:09Speaker 1: top tiers to kind of go in unison, and that
- 25:13Speaker 1: is Solana, Avalanche and Swee.
- 25:16Speaker 2: Yeah.
- 25:16Speaker 1: I won't throw chain link because it's a little bit
- 25:18Speaker 1: of a different thing. We're going to talk about chain
- 25:19Speaker 1: Link in a second. But Solana Atalanche sweet because everybody's
- 25:22Speaker 1: asking those when you look at outside of ethereum, those
- 25:24Speaker 1: are the kind of usually the next conversation points that
- 25:27Speaker 1: you have. Yeah, Swie is an interesting place right now
- 25:30Speaker 1: because Salana is probably going to take the new cycle
- 25:32Speaker 1: over the next thirty days. Yes, Avalanche, timing wise, should
- 25:37Speaker 1: try to align somewhat with the Clarity Act, which could
- 25:40Speaker 1: happen in January or February. Swee, on the other hand,
- 25:44Speaker 1: doesn't necessarily have possibly maybe they have Wall Street play
- 25:48Speaker 1: yet or an r Toba play that hasn't been you know,
- 25:51Speaker 1: really brought to light. Because if you're on new cycles
- 25:53Speaker 1: and you're trying to, you know, soak up some of
- 25:55Speaker 1: that liquidity, you have to be winning the news cycle,
- 25:58Speaker 1: especially in crypto. So it's going to be something to
- 26:01Speaker 1: watch for sure between those three, So you guys keep
- 26:03Speaker 1: a close eye. We do a lot of videos on that,
- 26:05Speaker 1: so hopefully we'll get more for you. We're going to
- 26:08Speaker 1: do a clip here real quick. I want to show
- 26:10Speaker 1: you what data Dash and I were talking about in
- 26:12Speaker 1: terms of chain Link, and then I want you to
- 26:14Speaker 1: chart it for me. Let's go to that clip. The
- 26:16Speaker 1: number ten spot. You look at it, it's holding in
- 26:19Speaker 1: about fifteen billion terms of market cap. If you look
- 26:22Speaker 1: underneath that, hype might be close. I mean it's a
- 26:25Speaker 1: you know, closing in on twelve billion. Chain Link is
- 26:28Speaker 1: in there at almost a little over ten billion right now,
- 26:31Speaker 1: but Sweet could be in there too. Which one would
- 26:33Speaker 1: you say could take the number ten coveted spot?
- 26:38Speaker 2: I was actually just looking at chain Link today. I
- 26:39Speaker 2: mean chain Link. If we don't see Cardono, you know,
- 26:42Speaker 2: hold through and just kind of see a coast down,
- 26:45Speaker 2: I mean I think chain they'll probably would be a
- 26:46Speaker 2: good containder just in that really close, close knit group
- 26:49Speaker 2: there all.
- 26:51Speaker 1: Right, that was just this week he's picking chain Link
- 26:53Speaker 1: for a number ten slot coming in. What do you
- 26:56Speaker 1: do you agree or that would that would display? Did
- 26:59Speaker 1: cardonow too low?
- 27:01Speaker 2: It needs too liar? Yeah, yeah, of course I'm kind
- 27:05Speaker 2: of joking, but I'm also seriously I think there's a
- 27:07Speaker 2: couple of coins in the top ten that I no
- 27:09Speaker 2: disrespect towards them. They just aren't chamelenk and chame Link.
- 27:13Speaker 2: It's another one that people people know that I'm very
- 27:16Speaker 2: bulldom taking.
- 27:16Speaker 3: Kill me.
- 27:17Speaker 1: You kill me when we get on chain Link. You
- 27:19Speaker 1: absolutely killed me time.
- 27:21Speaker 2: It's just another one that is it's just like, just
- 27:24Speaker 2: for a second, turn off the charts, don't look at
- 27:28Speaker 2: the chart and only pay attention to news headlines and fundamentals.
- 27:33Speaker 2: How the fact that the coin isn't currently a top
- 27:36Speaker 2: ten coin is a mini miracle which is screaming at
- 27:38Speaker 2: people by before it's too late. Because here's what week
- 27:41Speaker 2: we just got out of a conversation, Paul. We were
- 27:43Speaker 2: talking about well Suiye and Solana and Avax, which one's
- 27:46Speaker 2: gonna do what? And then we're like, okay, what is
- 27:48Speaker 2: this coin gonna do? What is that is x RP
- 27:50Speaker 2: gonna make it. Is is the theory. Here's here's what
- 27:53Speaker 2: you need to know. It doesn't matter which of those
- 27:56Speaker 2: coins ends up winning. Chame Link is partnered and working
- 27:59Speaker 2: with all of them, all of them in wins under
- 28:01Speaker 2: any scenario. So how is that not going to be
- 28:04Speaker 2: a top ten coin? In fact, Paul, I'm gonna go
- 28:06Speaker 2: back to NIC.
- 28:07Speaker 1: I meanly flips cash. Come on, I mean we're looking
- 28:10Speaker 1: at number thirteen right now. It's gonna go there. Probably
- 28:13Speaker 1: it takes over. Maybe hyper Liquid.
- 28:16Speaker 2: We're talking top ten is gonna be top ten. I
- 28:18Speaker 2: think we should have a conversation when slash can it
- 28:22Speaker 2: go to top Five's that's where I chain lead.
- 28:25Speaker 1: Wow, well that that starts to get into B and
- 28:28Speaker 1: B AND's Solana territory.
- 28:29Speaker 2: Big boy money, big boy money up there.
- 28:32Speaker 1: Yeah big you're talking to eighty billion and one hundred
- 28:34Speaker 1: and twenty top billion. Yeah, let's the big board money.
- 28:38Speaker 1: All right? Well, okay, so give me the chart. Do
- 28:40Speaker 1: I buy this thing right now? Or do I set
- 28:43Speaker 1: back and wait for the tim trigger?
- 28:45Speaker 5: Cha?
- 28:45Speaker 2: Right?
- 28:46Speaker 5: Yeah?
- 28:46Speaker 2: The chart is The chart is not great on the
- 28:48Speaker 2: macro obviously, but you do see we didn't hold it cleanly.
- 28:52Speaker 2: It scared me for a little bit. We had this
- 28:53Speaker 2: longer term support trend that had been in play since
- 28:56Speaker 2: back in August of twenty four. Temporarily we had a
- 29:00Speaker 2: couple of days even close candles below it. But you
- 29:03Speaker 2: can see we've made a nice move here. This is
- 29:05Speaker 2: one You've seen similarities on a lot of the charts.
- 29:07Speaker 2: I mean, crypto, they have their differences, but the charts
- 29:10Speaker 2: are pretty similar. But there's not a there's not a
- 29:13Speaker 2: lot of charts out there. I'm not gonna say none.
- 29:15Speaker 2: There's not a lot of charts out there that look
- 29:17Speaker 2: as impressive in the last couple of days as chain Link.
- 29:20Speaker 2: It's making its big move here again, this is one
- 29:22Speaker 2: daily by signal. We bought it back in here during
- 29:25Speaker 2: this correction, we bought more of the dip back here
- 29:27Speaker 2: around twelve dollars. Told my community, hey, let's look for
- 29:30Speaker 2: some levels to just safely take some profit. I have
- 29:33Speaker 2: my long term portfolio, I have my short term portfolio.
- 29:36Speaker 2: We took some profit here yesterday on this order block.
- 29:38Speaker 2: I still think seventeen is interesting. But here's where I'm
- 29:41Speaker 2: at now with this poll, because when I look at
- 29:43Speaker 2: like bitcoin still falling short of where I think its
- 29:47Speaker 2: first level of resistance is going to be somewhere here
- 29:49Speaker 2: around ninety seven. You look at things like ethereum, I
- 29:52Speaker 2: think the first level is going to be somewhere here
- 29:55Speaker 2: around Yo. Got actually encloser that one, but closer thirty
- 29:57Speaker 2: three hundred. I look at cha, excuse me, and I'm saying,
- 30:02Speaker 2: all right, we got to the first level very fast,
- 30:05Speaker 2: fast and almost any other coin. So do we actually
- 30:08Speaker 2: chain link fire through and as Bitcoin riches ninety seven
- 30:12Speaker 2: ninety eight k ethereums at thirty three thirty four hundred?
- 30:14Speaker 2: Do we actually see chain link at seventeen? And maybe
- 30:17Speaker 2: the bigger level to look for on lower highs is
- 30:20Speaker 2: closer towards twenty dollars for chain link. Of course, that's
- 30:23Speaker 2: all under just a daily by signal. When you move
- 30:26Speaker 2: out to the weekly, it's not here yet, but when
- 30:29Speaker 2: it comes, we're very close here when it comes. Look
- 30:32Speaker 2: at look at these levels here before when the by
- 30:34Speaker 2: signal came back in guess what April? Another one back
- 30:36Speaker 2: in here in September of twenty four. You have more
- 30:39Speaker 2: back in here at this is July of twenty three.
- 30:43Speaker 2: Big moves happen on these weekly by signals. We're very
- 30:46Speaker 2: very close. This is one again. Am I saying four
- 30:49Speaker 2: hundred dollars by January? No, I'm not four hundred dollars
- 30:53Speaker 2: is going to be in the next couple of years.
- 30:54Speaker 2: But can we hit I'm not saying by January? Can
- 30:57Speaker 2: we early Q one, early Q two be over fifty
- 31:01Speaker 2: to sixty hours on chain Link. I still think that's
- 31:03Speaker 2: absolutely doable.
- 31:04Speaker 1: Three x on chain link Q one next year. Be
- 31:08Speaker 1: ready that if he hits this one, then we're gonna
- 31:11Speaker 1: get a home run here for Tim, Tim, this has
- 31:14Speaker 1: been a good one. Thanks so much for coming in today.
- 31:16Speaker 1: You guys know what to do. By the way, we
- 31:17Speaker 1: should probably get Sergey back on because we've had it
- 31:19Speaker 1: on a few times from chain Link to see if
- 31:22Speaker 1: there's some updates brewing, because maybe he's got something in
- 31:25Speaker 1: his in his pocket that could steal some of that
- 31:28Speaker 1: thunder for early next years. He's always in the mix
- 31:34Speaker 1: in DC. Do you you know that he always.
- 31:36Speaker 2: Knows knows everybody who's everywhere, Just like his coin. He
- 31:39Speaker 2: has his hands in everyone's cookie jar. So I like it.
- 31:43Speaker 1: I like it. Tim, Thanks for coming in today. We
- 31:45Speaker 1: appreciate it. Yeah, thanks for having me. Paul, You bet
- 31:48Speaker 1: all right. You guys know what to do. Join our
- 31:50Speaker 1: private group, which is the Baron Market Edge. Very easy
- 31:52Speaker 1: to join. All you do is click the link down below.
- 31:54Speaker 1: It's absolutely free. You get free research insights, all sorts
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- 32:00Speaker 1: use that link. Of course, follow me on x at
- 32:03Speaker 1: Paul Baron. We'll catch you next time right here on
- 32:04Speaker 1: the Paul Baron Show