Latest / The Paul Barron Crypto Show / Saylor Buying $2 Billion More Bitcoin📉Technical Analysis with Evan Aldo

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Saylor Buying $2 Billion More Bitcoin📉Technical Analysis with Evan Aldo · The Paul Barron Crypto Show

• 0:07
  Speaker 1: All right, so welcome into the live stream today. Of
• 0:09
  Speaker 1: course we're going to be diving into some all coins.
• 0:11
  Speaker 1: Take a look at bitcoin ethereum. How this plays out
• 0:14
  Speaker 1: for the month of August has got I think we're
• 0:15
  Speaker 1: gonna have some good alpha for you today.
• 0:17
  Speaker 2: Don't miss it.
• 0:18
  Speaker 1: My name is Paul Berrel. Welcome back in the tech path.
• 0:20
  Speaker 1: All right, let's get going. I want to thank our
• 0:22
  Speaker 1: sponsor real quick, and that of course is Tangum. If
• 0:25
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• 0:29
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• 0:35
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• 0:38
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  Speaker 2: Make sure and get that. One's the way to go.
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  Speaker 1: Use our link. It's gonna give you a bit of
• 0:54
  Speaker 1: a discount and go from there. Of course, joining me
• 0:56
  Speaker 1: in studio today is mister Evan alldok for you and Evan.
• 1:00
  Speaker 1: We're going to get into a lot of things. I
• 1:02
  Speaker 1: want to just kind of feature a few macro news items. First,
• 1:06
  Speaker 1: the first COBEC breaking US economy adding one hundred fourteen
• 1:11
  Speaker 1: thousand jobs in July, below expectations of one to seventy six.
• 1:13
  Speaker 1: That's a big jump down in terms of job job expectation.
• 1:18
  Speaker 1: And of course unemployment now rose to four point three percent,
• 1:22
  Speaker 1: which is above the expectation of four point one.
• 1:24
  Speaker 2: That was another big move.
• 1:26
  Speaker 1: So the labor mark, I don't know if I would
• 1:28
  Speaker 1: say beginning to crack and think it's already cracked. And
• 1:31
  Speaker 1: we've already started to see a lot of the indicators
• 1:33
  Speaker 1: of course globally, but more importantly now starting to happen
• 1:37
  Speaker 1: here in the United States. Interest rate futures now have
• 1:41
  Speaker 1: a base case of fifty basis points as an interest
• 1:44
  Speaker 1: rate cut at the September FED meeting because of the
• 1:48
  Speaker 1: data we're seeing on jobs. Because this is kind of
• 1:50
  Speaker 1: what chair Pals said in the FOMC meeting this week,
• 1:54
  Speaker 1: and that is that the FED maybe are they too
• 1:58
  Speaker 1: late again?
• 1:58
  Speaker 2: What are your thoughts on that you think they're too
• 2:00
  Speaker 2: late already?
• 2:01
  Speaker 3: You know, I would probably, it says's not crazy. I
• 2:03
  Speaker 3: would kind of bet on more of the soft landing
• 2:06
  Speaker 3: a little bit. And I mean, if things do recover
• 2:08
  Speaker 3: a little bit more between now and that September meeting,
• 2:11
  Speaker 3: we have time. It may just be that twenty five
• 2:13
  Speaker 3: basis point decrease. It really depends on how things look.
• 2:16
  Speaker 3: I mean, we didn't crash that much. Bit Quin's still
• 2:18
  Speaker 3: at sixty.
• 2:18
  Speaker 1: Three thirty yeah, sixty three, k what do you I
• 2:21
  Speaker 1: mean the S and P is in shambles.
• 2:23
  Speaker 4: It's not in shambles. Oh my god, you gotta zoom out.
• 2:25
  Speaker 4: I got zoom.
• 2:26
  Speaker 1: I've got some numbers for you. Here, Okay, here we go.
• 2:29
  Speaker 1: This is the S and P. All right, it's tough
• 2:31
  Speaker 1: out there. This is Amazon down eight. I mean, this
• 2:33
  Speaker 1: is the eight hundred pound boy. You got Intel dropping
• 2:36
  Speaker 1: twenty Snapchat put them on the deathbed.
• 2:40
  Speaker 2: That's rest in peace.
• 2:41
  Speaker 4: It hasn't been relevant years, of.
• 2:42
  Speaker 1: Course, but they were still a publicly trading company and
• 2:45
  Speaker 1: still trying to bring it in. Magnificent seven, swung three
• 2:48
  Speaker 1: trillion in market cup over three weeks, and the vics
• 2:52
  Speaker 1: up of course, almost twenty percent. So this is again,
• 2:56
  Speaker 1: is this too? Is this too much pressure? On the
• 2:58
  Speaker 1: S and P five hundred, which, of course, as we know,
• 3:01
  Speaker 1: starts to put a lot of pressure on the majors
• 3:04
  Speaker 1: inside crypto, right and if chair pal is too late,
• 3:09
  Speaker 1: which you know, this is something we've talked about on
• 3:11
  Speaker 1: the show quite a bit.
• 3:12
  Speaker 2: I think the FED should.
• 3:13
  Speaker 1: Have already been in its cutting pattern even though we
• 3:17
  Speaker 1: were expecting more and more of these macro points coming in.
• 3:20
  Speaker 1: How does this play into bitcoin?
• 3:23
  Speaker 3: So when I look at Bitcoin, I think we're gonna
• 3:25
  Speaker 3: come down lower, but in the short term I think
• 3:27
  Speaker 3: we can get a little jump here. I mean, look
• 3:29
  Speaker 3: at these trend lines right here. This has been a
• 3:31
  Speaker 3: nice scalpturer's market. Look at that jump up coming back
• 3:33
  Speaker 3: down now potentially on this anchor wave right here on
• 3:36
  Speaker 3: the twenty two minute potentially jump up. So I'm seeing
• 3:39
  Speaker 3: potentially could be risky into the weekend, very risky to
• 3:42
  Speaker 3: under a trade, you know, on a Friday, but for
• 3:45
  Speaker 3: a low risk, high reward potential right here if you
• 3:48
  Speaker 3: can't stop lost below that get a nice two to
• 3:51
  Speaker 3: one almost right there, which could be good. But when
• 3:53
  Speaker 3: I zoom out here, there are some textbook bearish signs
• 3:56
  Speaker 3: right here. Trigger wave forming on the four day money
• 3:59
  Speaker 3: flow coming out just textbook bearishness. Especially the three day
• 4:03
  Speaker 3: really shows it well, which would conclude with a drop
• 4:07
  Speaker 3: down to probably fifty four K. If you were to
• 4:08
  Speaker 3: lose that, I think we would bottom out somewhere in
• 4:11
  Speaker 3: this range, the forty nine to forty eight K range.
• 4:14
  Speaker 3: At the lowest what I'm seeing, probably worst case scenario,
• 4:17
  Speaker 3: I think forty six K would be the area. And
• 4:19
  Speaker 3: I think if we do come down that low, the
• 4:22
  Speaker 3: FED is going to do the opposite problem and just
• 4:25
  Speaker 3: really cut things so much and just look at what
• 4:27
  Speaker 3: happened during COVID money printer back on and we just
• 4:30
  Speaker 3: recover nicely.
• 4:31
  Speaker 2: All right, Well, I mean we'll see.
• 4:33
  Speaker 1: So your target price for August, do you think there's
• 4:36
  Speaker 1: an opportunity to acquire some bitcoin as.
• 4:38
  Speaker 3: I think end of August would make a lot of sense.
• 4:40
  Speaker 3: And let me just show you quickly if we compare
• 4:42
  Speaker 3: this to twenty sixteen right here, if you're able to
• 4:45
  Speaker 3: get it up, let me just show you what happened
• 4:46
  Speaker 3: in twenty sixteen. Our bottom in the four year cycle
• 4:49
  Speaker 3: in twenty sixteen was or no, that was twenty fifty
• 4:52
  Speaker 3: six August twenty sixteen right here, So we had that
• 4:55
  Speaker 3: drop down and this was about a thirty percent drop
• 4:58
  Speaker 3: from the high there a little over thirty percent sense,
• 5:00
  Speaker 3: So if we compare that to here in the Foyer cycle,
• 5:02
  Speaker 3: sometimes it follows closer than.
• 5:05
  Speaker 4: You would think.
• 5:05
  Speaker 3: You know, thirty percent would be around forty nine that
• 5:08
  Speaker 3: thirty six, thirty five percent forty six k, so that's
• 5:12
  Speaker 3: the worst case.
• 5:12
  Speaker 4: I think forty six K.
• 5:14
  Speaker 1: So sub fifty bitcoin is what Evan's calling for.
• 5:18
  Speaker 4: Forty six to fifty two.
• 5:19
  Speaker 1: All right, okay, so we're gonna give you a forty
• 5:21
  Speaker 1: six to fifty two right yeah, all right.
• 5:23
  Speaker 2: Couple things right now.
• 5:24
  Speaker 1: Of course, this is the first time that we've started
• 5:26
  Speaker 1: to see the trend line starting to really push down
• 5:29
  Speaker 1: on bitcoin in general. This is our MSI indicator right here,
• 5:33
  Speaker 1: which is still showing pretty heavy in terms of the
• 5:37
  Speaker 1: red indicators, which is mostly sentiment.
• 5:40
  Speaker 2: So I would agree with you.
• 5:41
  Speaker 1: I think we're in for a little bit of a
• 5:42
  Speaker 1: rocky August right now. This is on the four hour
• 5:45
  Speaker 1: with this compared to ethereum, because I think everybody's seeing
• 5:48
  Speaker 1: the eth etf Obviously we'll see some other things happening
• 5:52
  Speaker 1: right now. Maybe Sailor knows something, because this is what's
• 5:55
  Speaker 1: happening right here with Michael Sailor. He's saying, hey, let's
• 5:58
  Speaker 1: raise another two billion to purchase some more bitcoin, so
• 6:01
  Speaker 1: you may get another shot at around.
• 6:03
  Speaker 2: Fifty to fifty K, fifty to fifty two k.
• 6:06
  Speaker 1: If he goes into six k four maybe, man, that
• 6:09
  Speaker 1: would be a massive move for a nice run. If
• 6:12
  Speaker 1: bitcoin does get into the eighty to one hundred range,
• 6:15
  Speaker 1: pretty significant. And you look at this right here, micro
• 6:18
  Speaker 1: Strategy and black Rocks, Bitcoin ETF combined holdings.
• 6:22
  Speaker 4: Now, look at that.
• 6:25
  Speaker 2: That's insane. Yeah, two entities. Does anybody say centralized? At
• 6:32
  Speaker 2: what's going on?
• 6:33
  Speaker 3: Yeah, well, it's you know sometimes, yeah, that's what kind
• 6:36
  Speaker 3: of happens.
• 6:37
  Speaker 4: You get a new king in the new.
• 6:38
  Speaker 2: King and the kingdom.
• 6:39
  Speaker 4: Yeah.
• 6:40
  Speaker 1: Other things that are happening right now is ETF sell
• 6:43
  Speaker 1: off here by RC six point nine million of its
• 6:45
  Speaker 1: own spot bitcoin ETF. They're also selling some coinbase as well.
• 6:50
  Speaker 1: I think these are normal moves by ARC. She doesn't
• 6:53
  Speaker 1: make massive moves, so I think those are just you know, hey,
• 6:55
  Speaker 1: let'sten take a little profit readjusting and balancing some push here.
• 7:00
  Speaker 1: Let's talk about ethereum real quick. With ethereum coming close
• 7:05
  Speaker 1: to the three K mark. Do you think we see
• 7:06
  Speaker 1: a sub three.
• 7:07
  Speaker 3: K Yeah, most likely, But in the short term, similar
• 7:10
  Speaker 3: to bitcoin, it's that same kind of trade that's just
• 7:13
  Speaker 3: very low risk, high reward. If you were to try
• 7:16
  Speaker 3: to look at this spiral line pocket right here, right
• 7:18
  Speaker 3: at three K. So I took a really small long
• 7:22
  Speaker 3: right towards the bottom right around three K with a
• 7:24
  Speaker 3: stop loss a little around here, and I'm trying to
• 7:26
  Speaker 3: run this up to thirty one hundred risk a few
• 7:28
  Speaker 3: hundred bucks to potentially make a thousand dollars here we
• 7:31
  Speaker 3: will I think we will go down lower. And when
• 7:33
  Speaker 3: you zoom out here, things look I mean, especially on
• 7:35
  Speaker 3: the weekly, I mean this is money flow coming down.
• 7:38
  Speaker 3: You kind of have a trigger wave to the downside.
• 7:40
  Speaker 3: It's not looking good at all at the moment. But
• 7:43
  Speaker 3: on the bright side, like what you were mentioning, I
• 7:45
  Speaker 3: mean this four day two, if we just follow this
• 7:46
  Speaker 3: money flow down, what'll potentially happen? Look at the money
• 7:49
  Speaker 3: flow coming into the red. Kind of a no brainer.
• 7:51
  Speaker 3: As we get money flow coming into the red somewhere
• 7:54
  Speaker 3: between probably twenty four to twenty six hundred, I would
• 7:58
  Speaker 3: think that would be the bottom later this month, maybe
• 8:00
  Speaker 3: early September, Okay, and that would be, you know, a
• 8:03
  Speaker 3: no brainer place to buy etherorum. I think potentially where
• 8:06
  Speaker 3: we could start to see an outper worm bitcoin. If
• 8:08
  Speaker 3: you look at Eth versus Bitcoin blood diamond in the
• 8:11
  Speaker 3: two week not looking too good at the moment, however,
• 8:14
  Speaker 3: I think.
• 8:14
  Speaker 4: We're getting there.
• 8:15
  Speaker 3: What we want to wait for here is probably the
• 8:16
  Speaker 3: next Triuer wave on the weekly. We do need this
• 8:19
  Speaker 3: money flow to come up. This is what we need.
• 8:21
  Speaker 3: We need this money flow to come up. If you
• 8:23
  Speaker 3: look the Fourier cycle here, we would have already bought
• 8:26
  Speaker 3: them based on the last four year cycle. Yeah, but
• 8:29
  Speaker 3: we bottomed right around the time when the Fed pivoted
• 8:31
  Speaker 3: in twenty nineteen. They pivoted in July. We bottomed in September.
• 8:34
  Speaker 3: If it's like that they pid in September, that means
• 8:36
  Speaker 3: we would bottom in around November. This I don't know
• 8:39
  Speaker 3: if this means anything, but in the four year cycle
• 8:41
  Speaker 3: here in twenty sixteen, Eth bottomed out in December against
• 8:45
  Speaker 3: bitcoin and then obviously outperformed at by let's say what
• 8:48
  Speaker 3: that was a crazy ten x, so probably not that much.
• 8:51
  Speaker 3: But end a year early next year would be such
• 8:53
  Speaker 3: a no brainer for etherory.
• 8:54
  Speaker 1: In I think, all right, so you like eth on
• 8:56
  Speaker 1: the long term, I guess I say long term, really
• 8:58
  Speaker 1: that's just holding four four to six months here. With
• 9:01
  Speaker 1: that being the case, you look at positive net inflows now.
• 9:05
  Speaker 1: Of course on the ETFs, this was I think still
• 9:08
  Speaker 1: a positive move in the sense of where we're going
• 9:11
  Speaker 1: to get more people that are starting to understand what
• 9:15
  Speaker 1: a theory is, right, and I think especially asset managers.
• 9:17
  Speaker 1: We just had an asset manager on this week and
• 9:20
  Speaker 1: he talked about they're holding eight but they're also starting
• 9:23
  Speaker 1: to see a little bit of i think input from
• 9:27
  Speaker 1: high network individuals saying hey, maybe I'll go this risk
• 9:31
  Speaker 1: on with something like an ETHTF and split it up
• 9:34
  Speaker 1: with a Bitcoin ETF. So if I'm playing those two
• 9:36
  Speaker 1: assets over and those so that, I think that might
• 9:38
  Speaker 1: be back to the point that you're talking about. The
• 9:41
  Speaker 1: other thing that's happening right now Solana is cratering as
• 9:44
  Speaker 1: it hits one fifty five. This is also a heavy
• 9:48
  Speaker 1: on the four hour right now in our MSI indicator,
• 9:51
  Speaker 1: heavy down trend on sentiment money flow coming out. What
• 9:54
  Speaker 1: does your chart show on Solana for say the next
• 9:59
  Speaker 1: ninety days.
• 10:00
  Speaker 3: So I'll show you the really short term on the
• 10:02
  Speaker 3: fifteen minute. This is a big, big area about one
• 10:04
  Speaker 3: hundred and fifty three. If you were to try to
• 10:06
  Speaker 3: go along in this very low risk, very higher word
• 10:09
  Speaker 3: three to one risk coord ratio're trying to get back
• 10:11
  Speaker 3: up to v walk at around one hundred and sixty dollars.
• 10:13
  Speaker 3: So that's like a day traders type of deal here,
• 10:15
  Speaker 3: could be risky. Solana, I think will follow in the
• 10:18
  Speaker 3: footsteps of likely ethereum here and what I think will
• 10:22
  Speaker 3: most likely happen if I turn this on right here,
• 10:24
  Speaker 3: as you can see potentially coming back down to these
• 10:28
  Speaker 3: lows at one twenty two or maybe a little bit lower.
• 10:31
  Speaker 3: It's a little bit hard, you know, to say here,
• 10:33
  Speaker 3: but I think ultimately you're going to follow the trend.
• 10:36
  Speaker 3: I mean the trend is, you know, you keep coming
• 10:38
  Speaker 3: up to these points and rejecting, so you're probably at
• 10:40
  Speaker 3: least going to retest one twenty one if you lose that.
• 10:43
  Speaker 3: I could see a big retest of around one hundred
• 10:45
  Speaker 3: high nineties in that a nice jump up, you know,
• 10:49
  Speaker 3: something of that nature into next year, a nice nice
• 10:52
  Speaker 3: jump up. So I think if you could get anywhere
• 10:55
  Speaker 3: between ninety to one twenty, big, big Buyoto.
• 10:58
  Speaker 1: So you don't necessary barely see the election as a
• 11:02
  Speaker 1: catalyst then, because you're you're talking about dates that are
• 11:05
  Speaker 1: really more end of Q four, early Q one before
• 11:09
  Speaker 1: we see some of these kinds of activity.
• 11:10
  Speaker 3: I think September, October onward. I think October onward. It's
• 11:15
  Speaker 3: the election is getting to be almost too good for
• 11:18
  Speaker 3: Trump a little bit because unemployment numbers, these things, the
• 11:21
  Speaker 3: kind of markets going down will help Trump. I don't
• 11:23
  Speaker 3: think they're gonna give it to them that easily. You're
• 11:25
  Speaker 3: probably gonna get.
• 11:26
  Speaker 1: Well, hey, if you get a September rate cut by
• 11:28
  Speaker 1: fifty basis points, that would be a blast off.
• 11:31
  Speaker 3: Yeah, you're gonna look at you know rayk Typically. Yeah,
• 11:35
  Speaker 3: in the olden days when you cut rates, things would
• 11:36
  Speaker 3: come down right after. Now when you cut rates, it's
• 11:39
  Speaker 3: like COVID where things just skyrocket.
• 11:40
  Speaker 2: Yeah, I think, okay, So that'll be the question mark.
• 11:43
  Speaker 1: Because we've got We've had a Wall Street analyst on
• 11:46
  Speaker 1: here many times, Darius Dale talks about this, Andrew Horrz
• 11:50
  Speaker 1: just the other day talk about this, is that if
• 11:51
  Speaker 1: we do get a rate cut at that level, something's broken,
• 11:55
  Speaker 1: and we know what that is the job.
• 11:57
  Speaker 4: If you get fifty basis points. I think it would
• 11:59
  Speaker 4: keep the market up.
• 11:59
  Speaker 3: If you just twenty five basis points, that's questionable, so
• 12:02
  Speaker 3: a little bit.
• 12:02
  Speaker 2: More, all right.
• 12:03
  Speaker 1: So the thing to watch out for Salona, I think
• 12:05
  Speaker 1: still is going to be its trading volume. It just
• 12:08
  Speaker 1: beat Ethereum for the first time a couple of points
• 12:11
  Speaker 1: right here, which I thought was interesting to see this
• 12:14
  Speaker 1: much dex volume starting to move in. This just shows
• 12:17
  Speaker 1: you that the ecosystem still very strong. You also have
• 12:21
  Speaker 1: breakpoint happening in the fall, which is usually when they
• 12:24
  Speaker 1: release a ton of new stuff. Who knows what we're
• 12:27
  Speaker 1: going to see at the next event there. You also
• 12:30
  Speaker 1: have that around the fall for what's happening over on
• 12:34
  Speaker 1: Avalanche as well. So with Avalanche, it's been one that
• 12:38
  Speaker 1: has been a bit sideways. Let me pull up my
• 12:40
  Speaker 1: chart real quick, coote, you're getting yours, so a little
• 12:42
  Speaker 1: bit sideways, but on the four hour again, just really
• 12:45
  Speaker 1: plummeting all coins taking a massive beating right now at
• 12:50
  Speaker 1: Avalanche trading currently around twenty four bucks.
• 12:53
  Speaker 2: But you do have this right here.
• 12:54
  Speaker 1: They did get one win in which is their California DMV.
• 12:59
  Speaker 1: We showed this and talked about this earlier in the week. Mainly,
• 13:01
  Speaker 1: what this means is that states now can put DMV
• 13:06
  Speaker 1: records on the chain avalanche, and this is a good
• 13:09
  Speaker 1: thing for blockchain in general. If Texas follow suit, Florida
• 13:13
  Speaker 1: follow suit, there could be some opportunities there, especially for it,
• 13:17
  Speaker 1: which could open up in a whole new arena.
• 13:19
  Speaker 2: But what do you like about the chart?
• 13:21
  Speaker 3: So the chart, I mean it is a little concerning.
• 13:23
  Speaker 3: We have to be kind of objective. You're coming down.
• 13:25
  Speaker 3: You had your local low in July. If we lose
• 13:28
  Speaker 3: that twenty one area, you may end up at around
• 13:31
  Speaker 3: fifteen sixteen dollars, especially with eath coming down, maybe twenty
• 13:34
  Speaker 3: six hundred. It could absolutely be possible here. But just
• 13:37
  Speaker 3: keep in mind these all coins can you know, return quickly.
• 13:41
  Speaker 3: If we look at the two week here, what I'm
• 13:43
  Speaker 3: really looking for see this trigger wave kind of forming.
• 13:45
  Speaker 3: If we follow this vwop up when it actually forms,
• 13:48
  Speaker 3: that would be end of September October, So it's aligning
• 13:51
  Speaker 3: with what you're saying. Once the FED cuts that fifty
• 13:54
  Speaker 3: basis point cut, so you come down, you know, you
• 13:57
  Speaker 3: probably come down somewhere between twenty dollars to fifteen and
• 14:00
  Speaker 3: then you could really you know, you could come up quick,
• 14:02
  Speaker 3: especially once that money is injected into the system, you
• 14:05
  Speaker 3: could come up quick.
• 14:06
  Speaker 2: Evan, do you think this? And everybody says this.
• 14:09
  Speaker 1: I hear so many people crypto analysts out there, you know,
• 14:12
  Speaker 1: Wall Street analysts. Is this the last dip we see before.
• 14:17
  Speaker 2: The next final run on the bull run?
• 14:21
  Speaker 3: Probably? I mean it's very unpredictable crypto. You do get big.
• 14:24
  Speaker 4: You know, if you count like a one day ten
• 14:26
  Speaker 4: or twenty percent down and.
• 14:28
  Speaker 1: Then consistency over say a thirty to forty five days.
• 14:30
  Speaker 4: I would give an eighty percent chance that this is
• 14:32
  Speaker 4: the last. Yeah, this is the last. I would give
• 14:34
  Speaker 4: it very high likely.
• 14:35
  Speaker 2: So there you go, guys.
• 14:35
  Speaker 1: I mean, if it's a if it's an opportunity, if
• 14:37
  Speaker 1: you're looking at you know, dollar cost averaging and you
• 14:40
  Speaker 1: or maybe you haven't been able to get a token
• 14:42
  Speaker 1: that maybe you've been looking at, might be some shopping
• 14:44
  Speaker 1: season coming up here to the point that you're mentioning
• 14:47
  Speaker 1: on avalanche, this of course just a general avalanche trader.
• 14:50
  Speaker 1: But the point he's hitting at is pretty straightforward, and
• 14:53
  Speaker 1: that is, Yeah, this is a big deal for the
• 14:55
  Speaker 1: California DMV because I think it opens up some big opportunities.
• 14:59
  Speaker 2: For avalone as a whole.
• 15:01
  Speaker 1: So does it hit fifty bucks and double up in
• 15:03
  Speaker 1: you know, the next thirty days. Who knows, not investment advice,
• 15:06
  Speaker 1: But what I will say is we've had John Woon
• 15:10
  Speaker 1: many times and he talks about September as a big month.
• 15:14
  Speaker 1: Remember they're flipping their branding from Sube's two l one's.
• 15:18
  Speaker 1: They also have I think maybe something unique happening in September,
• 15:22
  Speaker 1: so that'll be something.
• 15:23
  Speaker 3: If there's anything that prevents Avalanche from going under twenty dollars,
• 15:27
  Speaker 3: it's this this news.
• 15:28
  Speaker 4: Definitely yeah.
• 15:30
  Speaker 1: Render, though my goodness, Render continues to flash red in
• 15:34
  Speaker 1: all time frames. Everybody's asking about this token because when
• 15:39
  Speaker 1: you look at the market, most of the time this
• 15:42
  Speaker 1: has been centered around in Vidia, and in Vidia has
• 15:46
  Speaker 1: had a good run. Yes, they had a little bit
• 15:48
  Speaker 1: of an adjustment here, most of the max seven did.
• 15:51
  Speaker 1: But Render has not been moving with in Vidia as
• 15:54
  Speaker 1: much or as closely over.
• 15:55
  Speaker 2: The past thirty days.
• 15:56
  Speaker 1: If you look at the Render chart, is this a
• 15:59
  Speaker 1: bye now or is this a wait and see?
• 16:02
  Speaker 4: Well?
• 16:02
  Speaker 3: I think you know you never want to put all
• 16:05
  Speaker 3: your eggs in at once. I think it could be
• 16:06
  Speaker 3: a DCA it does look when I look at this objectively,
• 16:09
  Speaker 3: it does look like you would come down farther. And
• 16:11
  Speaker 3: what we want to do is wait for a bullishdive
• 16:13
  Speaker 3: in this three days. So it does look your next
• 16:15
  Speaker 3: big place is going to be around the high threes,
• 16:17
  Speaker 3: which is I know it sounds low, but I was
• 16:19
  Speaker 3: mentioning it last time, and it does look like it's
• 16:21
  Speaker 3: going to finally, you know, come down to those points,
• 16:25
  Speaker 3: especially with let's say Ethereum coming down to twenty six
• 16:27
  Speaker 3: hundred or whatever. That's about a seventy five percent correction.
• 16:30
  Speaker 3: It is a smaller market cap, it does, you know,
• 16:32
  Speaker 3: it's a two billion dollar market cap right now.
• 16:34
  Speaker 4: That does happen? I mean, if it dumps.
• 16:36
  Speaker 3: More from where we are right now, another thirty percent
• 16:40
  Speaker 3: down is not impossible. And I mean I would say
• 16:42
  Speaker 3: most likely, unless you get some really good news here,
• 16:45
  Speaker 3: most likely you will hit that high three dollars area
• 16:49
  Speaker 3: into potentially sometime in September. But as of right now, we're,
• 16:53
  Speaker 3: like I was saying, the moment that fed especially with
• 16:55
  Speaker 3: that fifty basis point, you know, cut that's almost like
• 16:58
  Speaker 3: it may be like almost too much of a cat,
• 17:00
  Speaker 3: and then everything just skyrockets I.
• 17:02
  Speaker 1: Think Render is in need for some big news. This
• 17:06
  Speaker 1: what I will say, and I'll zoom in on this
• 17:08
  Speaker 1: right here. This is the lowest trade sentiment that we
• 17:12
  Speaker 1: have seen on Render in quite some time. This is
• 17:14
  Speaker 1: on the four hour in our MSI data.
• 17:18
  Speaker 2: So Render is in need for some news.
• 17:20
  Speaker 1: You've got a lot of the maxim and I think
• 17:23
  Speaker 1: that will continue to slide a little bit, even though
• 17:25
  Speaker 1: in Nvidia may have some opportunities for late news. And
• 17:28
  Speaker 1: remember that last quarter of earnings super critical for a company.
• 17:33
  Speaker 2: Like in Video.
• 17:33
  Speaker 1: They may have some things in the bag that could
• 17:36
  Speaker 1: flow over into Render in Q four in terms of
• 17:40
  Speaker 1: cloud compute, rendering technology and you know all that.
• 17:42
  Speaker 2: Kind of stuff.
• 17:43
  Speaker 1: So there are some opportunities there. One other thing I
• 17:46
  Speaker 1: want to hit on, and that of course has been XRP.
• 17:51
  Speaker 1: So XRP becomes home to tokenize US Treasury bills, all
• 17:56
  Speaker 1: of this kind of coming into similar to what Secure
• 18:00
  Speaker 1: done with black Rock on the Biddle platform. And when
• 18:04
  Speaker 1: you look at just what XRP has been doing, more
• 18:07
  Speaker 1: and more bullish signals coming in. Yeah, you've got a
• 18:11
  Speaker 1: lot of things still yet. I don't think we heard
• 18:13
  Speaker 1: yet on the meeting yesterday on the sec. It looks
• 18:16
  Speaker 1: like it did not have anything to do with XRP
• 18:18
  Speaker 1: and ripple. But what do you think about XRP? Do
• 18:22
  Speaker 1: you like this as a token right now?
• 18:24
  Speaker 3: It does look very good on that especially the monthly
• 18:26
  Speaker 3: right here for the macro. This could take a lot
• 18:28
  Speaker 3: of time to play out. I mean, we may not
• 18:29
  Speaker 3: see our targets here until the end of the year
• 18:31
  Speaker 3: or the next year of a nice trigger wave in
• 18:33
  Speaker 3: the monthly. My big target is around a dollar. It's
• 18:35
  Speaker 3: a big trend line. I think you're at least going
• 18:37
  Speaker 3: to get there. When will we get there? It could
• 18:39
  Speaker 3: take time, could take six months even but I think
• 18:42
  Speaker 3: we will definitely get there. In the more short term,
• 18:45
  Speaker 3: you could. I mean, you've just been bouncing around here.
• 18:47
  Speaker 3: If we look at this, we keep rejecting from this
• 18:49
  Speaker 3: kind of trend line here, so you may be headed
• 18:51
  Speaker 3: back down to right around forty nine cents in short term.
• 18:54
  Speaker 4: Then you jump up. You know, this thing doesn't do much.
• 18:57
  Speaker 3: You know, we've we're at the same price we've been
• 18:59
  Speaker 3: as in September of twenty twenty two, so it doesn't
• 19:02
  Speaker 3: do too much. I would if I had a guess,
• 19:04
  Speaker 3: you know, follow the trend, I'd expect more rangebound. It
• 19:06
  Speaker 3: looks like the short term you may come to up
• 19:09
  Speaker 3: a little bit to sixty cents and then reject back
• 19:11
  Speaker 3: down to forty nine.
• 19:12
  Speaker 4: Then after that jump.
• 19:13
  Speaker 3: Up high or so it's I would guess you'd follow
• 19:16
  Speaker 3: the trend for now.
• 19:17
  Speaker 1: So we've had a lot of people ask us about
• 19:20
  Speaker 1: adding more tokens to our array of trackable assets out there,
• 19:26
  Speaker 1: because you know, sure we get into a lot of
• 19:28
  Speaker 1: the blue chips in all of the categories, whether it's gaming, web,
• 19:31
  Speaker 1: three D PIN what we see in the blue chips
• 19:34
  Speaker 1: out there. One, of course, it has been asked for,
• 19:36
  Speaker 1: I think maybe more so than any token.
• 19:40
  Speaker 2: Do you know what it is?
• 19:41
  Speaker 4: Probably TASPA, Right, all right, you're cheating.
• 19:44
  Speaker 2: I think you're looking at myself.
• 19:45
  Speaker 4: Oh okay, all right.
• 19:47
  Speaker 1: CASPA hits hits twenty at all time high flips Maddox
• 19:52
  Speaker 1: market caps.
• 19:52
  Speaker 2: So this is a big deal.
• 19:54
  Speaker 1: What do you think about CASPA as a potential play
• 19:58
  Speaker 1: right now?
• 19:58
  Speaker 3: It looks better than most things. It definitely looks better
• 20:01
  Speaker 3: than most other things. It's one of the fewer there
• 20:02
  Speaker 3: are just in that nice up trend where usually every
• 20:05
  Speaker 3: dip you know you you'll eventually break the up trend, but
• 20:08
  Speaker 3: it doesn't look like you will just yet. And it
• 20:10
  Speaker 3: looks like you might you just might be able to
• 20:12
  Speaker 3: jump up. If you can hold eighteen cents, you might
• 20:15
  Speaker 3: be able to jump up to twenty four cents, would
• 20:17
  Speaker 3: be the next kind of big level. When you look
• 20:19
  Speaker 3: at some of these lower timeframes, though, it does get
• 20:22
  Speaker 3: a little bit concerning this trigger wave on the five.
• 20:25
  Speaker 4: Hour may be good to wait for.
• 20:27
  Speaker 3: As long as we could hold that eighteen and get
• 20:29
  Speaker 3: that trigger wave right there, that would be good. So far,
• 20:32
  Speaker 3: so good, you know, bouncing off of this level right here.
• 20:35
  Speaker 3: But we just got to be careful. You know, if
• 20:36
  Speaker 3: bigcoin does make a lower low here, this most likely
• 20:40
  Speaker 3: would lose, maybe come up a little bit and lose
• 20:42
  Speaker 3: this level and then get down to like below eighteen
• 20:45
  Speaker 3: cents seventeen point eight. So that's what we got to
• 20:47
  Speaker 3: be careful with. It isn't that nice up trend, you know,
• 20:49
  Speaker 3: trends is your friend. I think you're eventually gonna get
• 20:52
  Speaker 3: up to twenty five cents, twenty four to twenty five
• 20:53
  Speaker 3: cents with this.
• 20:54
  Speaker 4: It could take time, though it may not be until
• 20:56
  Speaker 4: the end of the year.
• 20:56
  Speaker 1: Well, and I think the key here with Caspa is
• 20:58
  Speaker 1: it's one of those token that has such a rabid
• 21:01
  Speaker 1: community and sometimes when these communities get jazzed up. We've
• 21:07
  Speaker 1: seen this with a handful of communities, and the minute
• 21:10
  Speaker 1: that you get any kind of news that is positive
• 21:12
  Speaker 1: for something like this, it can move these tokens twenty percent.
• 21:15
  Speaker 2: Oh, of course, very easily.
• 21:16
  Speaker 1: So definitely one to watch. We're going to be watching
• 21:19
  Speaker 1: it a little bit more frequently. We will definitely have
• 21:22
  Speaker 1: more coverage on Kaspa here on the on the network,
• 21:26
  Speaker 1: and of course.
• 21:26
  Speaker 2: Dive into some tokens.
• 21:27
  Speaker 1: We'd love to get you guys's feedback, so make sure
• 21:30
  Speaker 1: and some leave some comments on some of the topics
• 21:33
  Speaker 1: and tokens that you guys would like to have us
• 21:35
  Speaker 1: kind of break down. You know when Evan's in here.
• 21:37
  Speaker 2: We do these weekly fridays, so you.
• 21:39
  Speaker 1: Kind of know when Evan's going to be in studio
• 21:41
  Speaker 1: if he's not out you know, running the roads. But
• 21:44
  Speaker 1: let's get into a poll real quick and take a look.
• 21:49
  Speaker 1: All right, we'll bitcoin fall below sixty. Everybody's on your
• 21:51
  Speaker 1: camp right now.
• 21:52
  Speaker 3: Fifty four close though it's close, I mean it depends
• 21:55
  Speaker 3: how you define soon. I mean it may take a
• 21:56
  Speaker 3: few weeks. But yeah, I would say I would side
• 22:00
  Speaker 3: with the majority here.
• 22:01
  Speaker 1: With a bitcoin at let's say, at a fifty eight
• 22:07
  Speaker 1: when you see that break confidence at sixty thousand, because
• 22:11
  Speaker 1: I think a lot of people have been looking at
• 22:12
  Speaker 1: sixty thousand as the confidence factor. If you see a
• 22:16
  Speaker 1: break at truly fifty thousand dollars, what kind of impact
• 22:21
  Speaker 1: does that have on the overall look of bitcoin.
• 22:26
  Speaker 2: In general in terms of that bad? Not a big deal, No, no,
• 22:30
  Speaker 2: not at all.
• 22:31
  Speaker 3: I mean, we broke it the other for the round
• 22:33
  Speaker 3: the fourth of July, we broke it. We came down
• 22:35
  Speaker 3: to fifty four, came all the way back up. You're
• 22:37
  Speaker 3: still in this range here, I mean really the place
• 22:40
  Speaker 3: I mean even if you were to I mean, the
• 22:42
  Speaker 3: bigger place that you don't want to lose is fifty
• 22:44
  Speaker 3: four k. But even if you do, I mean, there's
• 22:46
  Speaker 3: big areas of support. And we've done this so many
• 22:48
  Speaker 3: times in the four year cycle. You come down to
• 22:50
  Speaker 3: forty six K, and it wouldn't worry me. I mean
• 22:52
  Speaker 3: that's still only thirty percent down from this high here. Okay,
• 22:56
  Speaker 3: thirty seven percent down, but it's still a good, very
• 22:59
  Speaker 3: good buying opportunity. You just look at so much of
• 23:01
  Speaker 3: the fundamentals, I think it's a no brainer. I mean,
• 23:04
  Speaker 3: I really don't think you're going back to thirty k
• 23:06
  Speaker 3: or anything that bad.
• 23:07
  Speaker 1: What would be your if you're looking at a handful
• 23:11
  Speaker 1: of trades right now, and if you just look at
• 23:13
  Speaker 1: some of the ones we've talked about today, Solana, Caspa, Ethereum,
• 23:19
  Speaker 1: possibly avalanche in terms of value right now where it's trading,
• 23:23
  Speaker 1: do you see one that kind of sticks out to
• 23:26
  Speaker 1: you and says this might be a.
• 23:27
  Speaker 2: Goodbye right now?
• 23:28
  Speaker 4: Ah?
• 23:28
  Speaker 3: Man, I mean it, the Caspa is probably the biggest,
• 23:32
  Speaker 3: like riskier bet because it has the community behind it,
• 23:35
  Speaker 3: and usually they sometimes they could just keep going up
• 23:38
  Speaker 3: throughout these you know having years post backs. Yeah yeah,
• 23:42
  Speaker 3: even in that so there could be that issue. The
• 23:44
  Speaker 3: thing with all coins we got to be hereful with
• 23:46
  Speaker 3: is Bitcoin dominance is still good, doing good. A lot
• 23:48
  Speaker 3: of all coins are still bleeding against Bitcoin, including Ethereum.
• 23:51
  Speaker 3: So really I think you might need to really wait
• 23:54
  Speaker 3: for that that pivot, that that cut in September to
• 23:58
  Speaker 3: really see that true bottom against Bitcoin for some of these,
• 24:01
  Speaker 3: I mean, some of these alts look atrocious compared to Bitcoin,
• 24:04
  Speaker 3: not the ones we looked at today, but still other ones.
• 24:06
  Speaker 4: People like you look.
• 24:06
  Speaker 1: At dominance right now, it's just been on an up
• 24:08
  Speaker 1: trend here now at fifty six point seven, so definitely
• 24:13
  Speaker 1: reversed obviously with the downtrend on bitcoin in general. And
• 24:17
  Speaker 1: with that if you look at now eth bitcoin also
• 24:21
  Speaker 1: eth Bitcoin trading completely different.
• 24:24
  Speaker 2: This is on the.
• 24:24
  Speaker 1: Daily so that's another one. Even if you look at
• 24:27
  Speaker 1: Salona bitcoin definitely which we have not seen these kind
• 24:31
  Speaker 1: of moves with those two tokens, at least against bitcoin,
• 24:34
  Speaker 1: So this might be some intriguing opportunities coming in.
• 24:37
  Speaker 3: We need liquidity, more liquidity in the system. Yeah, we
• 24:40
  Speaker 3: need the first to help us out.
• 24:41
  Speaker 2: Well.
• 24:41
  Speaker 1: I think the key there again is as we start
• 24:44
  Speaker 1: to see some movements within the S and P. The
• 24:46
  Speaker 1: other pressure I'm concerned about right now is high net
• 24:49
  Speaker 1: worth individuals going on to you know, the sidelines, because
• 24:54
  Speaker 1: some people are liquidating out of those Max seven's. I
• 24:57
  Speaker 1: know several that have liquidated hundreds of millions wow, and
• 25:02
  Speaker 1: are setting that back into reserve and are looking for
• 25:05
  Speaker 1: some potential either small cap or possibly a play in
• 25:10
  Speaker 1: risk assets with crypto. So cold crypto good timing right
• 25:13
  Speaker 1: now with something like that if you're setting on a
• 25:16
  Speaker 1: few hundred million, if you're setting on.
• 25:17
  Speaker 3: A few, I mean, I feel like those people they're
• 25:19
  Speaker 3: just going to take the obvious path, wait till the
• 25:21
  Speaker 3: FED cuts and then then put it back in drop it.
• 25:23
  Speaker 4: Yeah, that's what I think.
• 25:24
  Speaker 1: All right, So you guys make sure and drop some
• 25:26
  Speaker 1: comments down below. Of course, if you've never checked out
• 25:29
  Speaker 1: evan Aldo's channel, make sure and visit him. We'll leave
• 25:33
  Speaker 1: a link down below. He does a great show over there,
• 25:36
  Speaker 1: does a course, also participate. He's got a discount code
• 25:39
  Speaker 1: that we always leave in the link down below, So
• 25:41
  Speaker 1: it's a great thing. We definitely have him, are fortunate
• 25:44
  Speaker 1: to have him in here every Friday to kind of
• 25:46
  Speaker 1: break down some of these markets, and of course if
• 25:49
  Speaker 1: you're not in a diamond circle, get in right now.
• 25:50
  Speaker 1: It's a great place to get additional content from us.
• 25:52
  Speaker 1: And of course hit me out there on X at
• 25:55
  Speaker 1: Paul Barreton. We'll catch you next time right here on
• 25:57
  Speaker 1: Tech Guy
• 26:00
  Speaker 4: The Motor to Mo