Latest / The Paul Barron Crypto Show / Rate Hike Odds Fall📉Crypto Pumps📈Technical Analysis with Tim Warren

Transcript

Rate Hike Odds Fall📉Crypto Pumps📈Technical Analysis with Tim Warren · The Paul Barron Crypto Show

• 0:00
  Speaker 1: The job numbers are in rate hikes, odds are now collapsing.
• 0:03
  Speaker 1: We're going to break it down for you guys, don't
• 0:05
  Speaker 1: miss it. I want to thank our sponsor today and
• 0:08
  Speaker 1: that is Uphold. We've all been there. Expenses pop up
• 0:11
  Speaker 1: right when the market's starting to heat up. It's not
• 0:14
  Speaker 1: the right time to sell. The last thing you want
• 0:17
  Speaker 1: to do is sell your Bitcoin, your Ethereum, your XRP,
• 0:20
  Speaker 1: or even your stable coin USDC. This is exactly why
• 0:23
  Speaker 1: Uphold launched the Exa credit card. When I found out
• 0:26
  Speaker 1: about this, I was blown away. It's an instant line
• 0:29
  Speaker 1: of credit that lets you borrow against your crypto without
• 0:33
  Speaker 1: having to sell. All you have to do is just
• 0:35
  Speaker 1: use your assets as collateral and spend it worldwide using
• 0:39
  Speaker 1: a virtual visa card. This is the coolest feature I
• 0:42
  Speaker 1: love about this. There are no credit checks and you
• 0:44
  Speaker 1: can repay on a schedule that works specifically for you.
• 0:48
  Speaker 1: It's the smartest way to stay long in the market
• 0:51
  Speaker 1: while accessing your portfolio's value. Today, download the Uphold app
• 0:55
  Speaker 1: and get your virtual Exa Card in just a few taps.
• 0:59
  Speaker 1: Let's just up right in. I want to start off
• 1:01
  Speaker 1: today with a clip and this is Mark Cudmore. He's
• 1:05
  Speaker 1: kind of a frequent on the channel that we talk
• 1:07
  Speaker 1: about and he has an interesting perspective on the July
• 1:11
  Speaker 1: backdrop for the markets.
• 1:13
  Speaker 2: Take a look.
• 1:14
  Speaker 3: I think the backdrop for July is very positive for stocks.
• 1:17
  Speaker 3: If we seem to have moved beyond the Iran conflict,
• 1:20
  Speaker 3: Oil prices have retraced a very long way. We're getting
• 1:23
  Speaker 3: still large capital expenditure from the private sector as well
• 1:27
  Speaker 3: as fiscal injections from from state sectors globally. So I
• 1:31
  Speaker 3: think that the overall backdrop is relatively good for stocks
• 1:34
  Speaker 3: and to an earning season that I expect to be
• 1:35
  Speaker 3: generally supportive because I think this is going to be
• 1:38
  Speaker 3: a rally in July on the fact that growth is
• 1:41
  Speaker 3: still holding up, and I think that's going to you know,
• 1:44
  Speaker 3: be supportive for a wider kind of part of the economy.
• 1:48
  Speaker 1: All right, so holding so far, and this is very
• 1:52
  Speaker 1: interesting because you know, when you look at the markets
• 1:54
  Speaker 1: as they are, I always want to bring in a
• 1:56
  Speaker 1: trader towards the end of the week to analyze this.
• 1:59
  Speaker 1: And we're going to take a look a whole bunch
• 2:00
  Speaker 1: of stocks and also crypto in general. Let's bring in
• 2:04
  Speaker 1: Tim Warren you guys know him from Tim Warren Trades.
• 2:06
  Speaker 2: How are you, Tim?
• 2:07
  Speaker 4: Doing good? Thanks for having me on the show again.
• 2:10
  Speaker 1: All right, so Tim, a couple of points. You look
• 2:13
  Speaker 1: at the jobs numbers. Here's how the long talking about this.
• 2:15
  Speaker 1: Just in disappointing jobs report. US economy added fifty seven
• 2:19
  Speaker 1: thousand in June. This is below expectations, probably going to
• 2:23
  Speaker 1: get adjusted again. Hospitality jobs declined by sixty one k.
• 2:27
  Speaker 1: This is the one that I say is the silent killer.
• 2:30
  Speaker 1: Is the hospitality industry. Restaurant business jobs are down considerably.
• 2:35
  Speaker 1: Unemployment rate fell to four point two, lowest in a year,
• 2:39
  Speaker 1: but mainly due to a big drop in people job hunting.
• 2:43
  Speaker 2: So bad news here.
• 2:45
  Speaker 1: Wages aren't keeping up with inflation, and at the same
• 2:49
  Speaker 1: time we then get a drop in the probability of
• 2:52
  Speaker 1: a rate cut. Explain this, timmy man, I mean, why
• 2:56
  Speaker 1: are we seeing rate cuts potentially going down and jobs
• 2:59
  Speaker 1: numbers coming in very disappointed?
• 3:01
  Speaker 2: What do you think is happening?
• 3:02
  Speaker 4: Yeah, so it's a complicated endeavor. What's going on right now?
• 3:06
  Speaker 4: If you just follow the data as it stands with
• 3:08
  Speaker 4: inflation still being higher until we get some sort of
• 3:12
  Speaker 4: revision on how we take it in from Kevin worsh
• 3:15
  Speaker 4: You got to assume, okay, inflation is still a problem.
• 3:17
  Speaker 4: Then you look at the employment numbers and it's like, well,
• 3:19
  Speaker 4: which one's more important? Like you just said, we had
• 3:22
  Speaker 4: less new jobs created, which would lead you towards that's
• 3:24
  Speaker 4: a bad thing. But yet unemployment went down or at
• 3:27
  Speaker 4: least lower than what we expected. So which one are
• 3:30
  Speaker 4: they really looking at? And right now data suggests there's
• 3:33
  Speaker 4: still a probability of a rate hike coming, not a
• 3:37
  Speaker 4: rate cut. Now, this is where potentially, you know I
• 3:41
  Speaker 4: need to We talked about it pre show, but I
• 3:44
  Speaker 4: guess we're getting the spot where I need when you're.
• 3:46
  Speaker 2: Pulling it out early.
• 3:47
  Speaker 4: Man, you're pulling it out early, way earlier than I
• 3:50
  Speaker 4: normally do it. But this is for my own protection
• 3:52
  Speaker 4: as I'm about to say what I think on this
• 3:55
  Speaker 4: bit of news. Kevin Walsh was hand selected by Donald Trump,
• 3:58
  Speaker 4: a man who for months, if not a whole year,
• 4:01
  Speaker 4: berated the Fed and Jerome Powell about not cutting rates,
• 4:05
  Speaker 4: calling him too late pal. So Trump wants rate cuts.
• 4:08
  Speaker 4: Rate cuts need to happen to prop up the economy,
• 4:11
  Speaker 4: make things feel better for people. It bigs an inject
• 4:14
  Speaker 4: it brings an injection that more people can get jobs.
• 4:17
  Speaker 4: All things that people want to see happen to consider
• 4:19
  Speaker 4: voting Republican in the fall. Trump wants us to happen,
• 4:22
  Speaker 4: and yet Kevin Warsh leads us to believes on the
• 4:26
  Speaker 4: data that we actually might have a rate hike. I
• 4:27
  Speaker 4: think in September. There's an estimate right now on the
• 4:30
  Speaker 4: FED watchtool CME group. They're saying September is when that
• 4:34
  Speaker 4: rate hike probably comes. I don't buy this though. This
• 4:38
  Speaker 4: is why the tinfoil hats on my head right now.
• 4:39
  Speaker 4: I believe there's actually a converted effort right now between
• 4:42
  Speaker 4: the FED and Trump, a Kevin Warsh led FED to
• 4:45
  Speaker 4: keep things interesting right now, to make us feel pessimistic
• 4:49
  Speaker 4: about rate hikes, rate cuts coming. Excuse me, but riding
• 4:53
  Speaker 4: time that people actually care about election season. Think September October.
• 4:58
  Speaker 4: That's when people actually start to think about who they
• 5:00
  Speaker 4: want to vote for in November for midterms. That's when
• 5:03
  Speaker 4: something flips on a dime. All of a sudden, good
• 5:05
  Speaker 4: news happens. Donald Trump can say, look at what I did,
• 5:08
  Speaker 4: look at how I fixed the economy. Forget the fact
• 5:11
  Speaker 4: that he broke some of the details of the economy
• 5:12
  Speaker 4: that he's fixing. But that's neither here nor there. Voters
• 5:15
  Speaker 4: are for the most part, can be stupid and forget
• 5:16
  Speaker 4: those details. All he has to show them is, hey,
• 5:19
  Speaker 4: employments head in the right direction, inflation's head in the
• 5:21
  Speaker 4: right direction. Were cutting rates, Look the economy boom and
• 5:25
  Speaker 4: that could lead I'm not guaranteeing you will, but that
• 5:28
  Speaker 4: could be his effort or his tactic to lead towards
• 5:30
  Speaker 4: a chance for the red wave to happen for midterms.
• 5:33
  Speaker 4: Well it happened or not, I don't know. I think
• 5:35
  Speaker 4: that's the strategy though, that they're playing out.
• 5:37
  Speaker 1: Okay, so you believe this is a trojan horse, and
• 5:41
  Speaker 1: I like the Tim the hat. If guys don't know,
• 5:44
  Speaker 1: Tim has the Tim Hoyle Tim Foyle hat on to
• 5:48
  Speaker 1: kind of protect him from his very unusual takes from.
• 5:51
  Speaker 2: Time to time, this being one of them.
• 5:54
  Speaker 1: But if you follow his narrative here you can see
• 5:57
  Speaker 1: the interesting report here from Polymarket, and that is July
• 6:02
  Speaker 1: meeting drops dramatically. This is happening right now because of
• 6:06
  Speaker 1: course we saw those job numbers.
• 6:07
  Speaker 2: So what was a.
• 6:08
  Speaker 1: Twenty percent chance has now now fell down to a
• 6:11
  Speaker 1: nine percent chance getting a rate hike in July, so
• 6:14
  Speaker 1: that's not going to happen. Then if you take a
• 6:16
  Speaker 1: look at September and we do the same thing, you
• 6:20
  Speaker 1: see a little bit of a drop right there, from
• 6:21
  Speaker 1: thirty seven down here to thirty that's still consistent. And
• 6:25
  Speaker 1: then all the way in October, same thing right here,
• 6:28
  Speaker 1: it's holding somewhat steady, but it went from a forty
• 6:30
  Speaker 1: five to a forty three. So remember October the month
• 6:35
  Speaker 1: before midterms start to hit.
• 6:37
  Speaker 2: So if that is the case.
• 6:40
  Speaker 1: Maybe your thesis is they're prepping up for a last
• 6:44
  Speaker 1: minute good news bump for the Republicans to try to
• 6:48
  Speaker 1: win the midterms overall. So here's the midterm election predictions
• 6:54
  Speaker 1: right there. You've got right now a fifty nine percent chance,
• 6:58
  Speaker 1: which is up.
• 6:59
  Speaker 2: Dramatically by the way, Yeah Republicans.
• 7:01
  Speaker 1: Yeah, And of course right now it's an eighty four
• 7:05
  Speaker 1: percent chance that Democrats take the House. That's pretty much
• 7:08
  Speaker 1: a done deal unless something crazy happens.
• 7:11
  Speaker 4: But great, I mean, you remember twenty sixteen when it
• 7:14
  Speaker 4: was a done deal that we were going to have
• 7:15
  Speaker 4: Hillary Clinton as the next president.
• 7:16
  Speaker 2: That is true, that's true.
• 7:18
  Speaker 4: Something to say about that.
• 7:19
  Speaker 2: Yeah, well, all right, you got a eight fifty nine
• 7:21
  Speaker 2: percent chance.
• 7:22
  Speaker 1: This has been climbing over time too, so the fact
• 7:26
  Speaker 1: that we are still in a very unique place. But
• 7:28
  Speaker 1: there's a lot of interesting purple here on the chart
• 7:33
  Speaker 1: right now, which is kind of where we see that
• 7:34
  Speaker 1: red wave starting to mix with some of the blue
• 7:37
  Speaker 1: regions out there, Texas being one of them. So we're
• 7:39
  Speaker 1: going to watch that one very closely. Let me go
• 7:42
  Speaker 1: to another tweet right here. This was Federal Reserve Chairman
• 7:44
  Speaker 1: and you got now Kevin Warsh said price risk have
• 7:47
  Speaker 1: come down in recent weeks weeks and the Central Bank
• 7:50
  Speaker 1: will deliver price stability.
• 7:52
  Speaker 2: So that's kind of one of.
• 7:53
  Speaker 1: His his ways of possibly giving a little bit of
• 7:56
  Speaker 1: comfort in the market that you know, right hikes not
• 8:00
  Speaker 1: necessarily occur, but at the same time, to your point,
• 8:03
  Speaker 1: this may be all timing for an election process coming down.
• 8:07
  Speaker 2: If you look at.
• 8:09
  Speaker 1: Crypto, and let's lead with bitcoin, because what we're dealing
• 8:16
  Speaker 1: with right now is a little bit of a run.
• 8:18
  Speaker 1: Crypto's bear market hasn't scared off Wall Street investment right now,
• 8:21
  Speaker 1: We're still have a race for clarity happening. Where would
• 8:24
  Speaker 1: you put bitcoin today? Is this a buy for you
• 8:27
  Speaker 1: or is this just a hold? Where are you right
• 8:31
  Speaker 1: now on bitcoin?
• 8:32
  Speaker 4: You know, it's very interesting when I look at the charts,
• 8:35
  Speaker 4: I'm gonna show you guys there are some bisyingles. So
• 8:37
  Speaker 4: I did buy bitcoin in a couple other alt coins
• 8:39
  Speaker 4: here recently. What's very interesting is is Ben Cowen just
• 8:42
  Speaker 4: put out a tweet here talking about how it's very
• 8:45
  Speaker 4: normal to have the beginning of these midterm years be
• 8:49
  Speaker 4: downward trends and then the real DCA should start in
• 8:52
  Speaker 4: early Q three of the midterm years. Well, guess what
• 8:55
  Speaker 4: today is. Today's the second of July. Yesterday was the
• 8:58
  Speaker 4: first day of quarter three. So even if Ben Collen,
• 9:01
  Speaker 4: who has been calling this market phenomenally over the last
• 9:05
  Speaker 4: year and some change, he's even now saying it's time
• 9:08
  Speaker 4: to start seeing right now, that doesn't mean the bottom's in.
• 9:11
  Speaker 4: And we go back to my chart here, we'll go
• 9:12
  Speaker 4: and talk about this. I talked to my community about
• 9:15
  Speaker 4: this all the time. I don't believe the bottom is
• 9:17
  Speaker 4: in yet. I've been saying since back here in February
• 9:20
  Speaker 4: that the fifty three thousand dollars level is very very
• 9:25
  Speaker 4: very strong support. But what you get with strong support
• 9:28
  Speaker 4: and the bear mark is also a lot of interest
• 9:30
  Speaker 4: in people being able to buy the The reason it's
• 9:32
  Speaker 4: strong support is because of the amount of buy the
• 9:34
  Speaker 4: amount of buying levels that will happen at that level
• 9:36
  Speaker 4: in my opinion. With that said, I've been on this
• 9:40
  Speaker 4: show before and I've told the audience the reason why
• 9:42
  Speaker 4: I didn't think this bottom over in February was the
• 9:45
  Speaker 4: bottom was because I told people we'd go to one
• 9:48
  Speaker 4: more low or low, but we didn't get the daily
• 9:50
  Speaker 4: bullish divergence when we dropped here early in June. I'm
• 9:54
  Speaker 4: waiting for daily bullish divergence to confirm a bottom. Well,
• 9:56
  Speaker 4: guess what. We actually did get a slight level of
• 9:59
  Speaker 4: daily bully divergence here the other day. The prices of
• 10:02
  Speaker 4: bitcoin obviously close the lowest levels we have in years,
• 10:05
  Speaker 4: at fifty eighty four hundred, and yet the RSI is
• 10:09
  Speaker 4: a higher low. That's daily bullish divergence. It's not what
• 10:12
  Speaker 4: I want to see for the bear market bottom, but
• 10:15
  Speaker 4: it is the beginning sign. Like for if I were
• 10:17
  Speaker 4: to go back to the bear market bottom in twenty
• 10:19
  Speaker 4: twenty two, I want to show I want to take
• 10:21
  Speaker 4: your audience back there. Of course, we had massive bullish divergence.
• 10:24
  Speaker 4: Let me get rid of some of these other oscillators
• 10:26
  Speaker 4: really quickly, just to clean this up for everybody. Some
• 10:29
  Speaker 4: people can see this, but you're gonna see here. The
• 10:31
  Speaker 4: bottom came in here obviously in November, but the lowest
• 10:35
  Speaker 4: rside point came in in June. Well, technically speaking, this
• 10:39
  Speaker 4: is very good bullish divergence. It's wildly we bottomed out,
• 10:41
  Speaker 4: But we actually had bullish divergence a little earlier going
• 10:44
  Speaker 4: over here into this would be September. So in September
• 10:49
  Speaker 4: of twenty twenty two, we actually had a lower daily
• 10:52
  Speaker 4: close with a higher low of RSI, so we had
• 10:55
  Speaker 4: daily bullish divergence. Was this the bottom, No, it wasn't.
• 10:59
  Speaker 4: FTX ended up. They go one more time. I could
• 11:02
  Speaker 4: see something very similar to this though, where we get
• 11:04
  Speaker 4: a little bit of a rally here in the month
• 11:06
  Speaker 4: of July, maybe even some of August, and then some
• 11:09
  Speaker 4: sort of catalyst in late August or September takes us
• 11:12
  Speaker 4: down one more time, and that's when we get to
• 11:15
  Speaker 4: that official fifty three thousand dollars of support that we're
• 11:18
  Speaker 4: currently fidgeting with right now. By scroll back over there.
• 11:21
  Speaker 4: I still think I think July could actually be a
• 11:23
  Speaker 4: very good month. As I pull up my other indicators
• 11:26
  Speaker 4: that we've built for our community. We are getting daily
• 11:29
  Speaker 4: by signals in here. Once again, if you look at
• 11:31
  Speaker 4: the last couple of them, this one was a decent
• 11:33
  Speaker 4: little bisignal. This one right here was a decent bisignal.
• 11:35
  Speaker 4: This one right here's a decent bisonal. These are all
• 11:37
  Speaker 4: good places to have bought a little bitcoin. You could
• 11:39
  Speaker 4: have ritten it up and take some profit. We'll add
• 11:42
  Speaker 4: in now we have daily bullish divergence. I think we
• 11:45
  Speaker 4: might see here next, Paul, is a misdirection move. I
• 11:48
  Speaker 4: feel very strongly about a move at least to sixty
• 11:51
  Speaker 4: three sixty four thousand. We have some pretty big resistance
• 11:54
  Speaker 4: levels there. But I'm not going to rule out a
• 11:56
  Speaker 4: move that I've talked about back here earlier in June,
• 11:58
  Speaker 4: that we could accomplish now, move maybe as high as
• 12:01
  Speaker 4: seventy k back towards resistance of this falling wedge channel right.
• 12:07
  Speaker 4: And I can guarantee you if this happens, Paul, the
• 12:10
  Speaker 4: amount of people on the Internet who will be saying,
• 12:12
  Speaker 4: that's it. We have the first real momentum for the
• 12:14
  Speaker 4: longest time. Bear market is over bullmarkets here. I'm not
• 12:18
  Speaker 4: willing to discuss bull markets and say yes, the bullmarket's
• 12:21
  Speaker 4: here until we break above that red line, which means
• 12:23
  Speaker 4: we could go all the way to seventy to seventy
• 12:25
  Speaker 4: one K and still not have the confirmation of a bullmarket.
• 12:29
  Speaker 4: My anticipation, Paul, is we either make it somewhere here
• 12:32
  Speaker 4: back towards only sixty five or closer seventy, and then
• 12:35
  Speaker 4: still make that move down later in the year August, September,
• 12:38
  Speaker 4: maybe even October, towards that fifty three mark.
• 12:41
  Speaker 2: Yeah.
• 12:42
  Speaker 1: So do you think that this whale accumulation that's been
• 12:45
  Speaker 1: going on. Here's a tweet on it right here, George
• 12:48
  Speaker 1: put Out. It says whales have accumulated two hundred seventy
• 12:53
  Speaker 1: thousand bitcoin.
• 12:54
  Speaker 2: If you look at the chart, I mean, this is crazy.
• 12:55
  Speaker 1: That's the third it's the largest thirty day Yeah, since
• 12:59
  Speaker 1: twenty thirty.
• 13:01
  Speaker 4: Wow. Yep. Yeah. But I would say to any yeah,
• 13:05
  Speaker 4: anyone who looks at charts like this, look at charts
• 13:08
  Speaker 4: back at bear markets in twenty twenty two, bottoms of
• 13:11
  Speaker 4: bear markets in twenty eighteen. The whales don't wait till
• 13:15
  Speaker 4: the bottom to start buying, because they're smart investors. They
• 13:18
  Speaker 4: dca as we're getting close to the bottom. So I
• 13:21
  Speaker 4: love that chart. We put that chot out on our
• 13:22
  Speaker 4: x account as well. We talked about on my YouTube channel.
• 13:25
  Speaker 4: That tells me the bottom is close. It does not
• 13:28
  Speaker 4: guarantee the bottom is in. But whales think about it
• 13:31
  Speaker 4: this way. If I could tell you perfectly, Paul, if
• 13:34
  Speaker 4: if I had a crystal ball and I knew bitcoin
• 13:36
  Speaker 4: is going to five hundred thousand dollars in twenty twenty eight,
• 13:39
  Speaker 4: let's just pretend I know that. Does it really matter
• 13:43
  Speaker 4: if we're buying it sixty thousand or fifty three thousand. Yea,
• 13:46
  Speaker 4: it's so small. I want to make sure I get exposure,
• 13:49
  Speaker 4: and so that's why they're buying in right now.
• 13:51
  Speaker 2: Bing, go, well, and you've got this right here.
• 13:54
  Speaker 1: Bitcoin has never followed a negative June with the negative July,
• 13:57
  Speaker 1: so that could also be. And this is the thing, yeah,
• 14:00
  Speaker 1: And this is the other thing you got to deal
• 14:02
  Speaker 1: with is that remember this is a different kind of
• 14:04
  Speaker 1: institutional investor. Now, in some cases these might be short
• 14:08
  Speaker 1: term ins and short term outs. So if we do
• 14:11
  Speaker 1: follow your thesis, they could be simply longing for now
• 14:15
  Speaker 1: with a plan to hedge on that. If they think,
• 14:18
  Speaker 1: to your knowledge that we may see this bump back
• 14:21
  Speaker 1: down sub sixty. So interesting times here for bitcoin. For sure,
• 14:27
  Speaker 1: Bitcoin officially erased, it's dropped to fifty eight. Everybody I've
• 14:31
  Speaker 1: talked to several analysts though, believe that fifty eight was
• 14:34
  Speaker 1: the low.
• 14:34
  Speaker 4: So yeah, you're a little bit different forty eight thousand.
• 14:38
  Speaker 4: If you remember, on your show, I put fifty eight
• 14:40
  Speaker 4: thousand as my conservative potential bottom. So we've hit that.
• 14:44
  Speaker 4: The problem is, I don't think the catalyst and the
• 14:47
  Speaker 4: nature on the charts where we've developed is the right
• 14:49
  Speaker 4: spot for that to be the bottom. So I still
• 14:51
  Speaker 4: have heavy conviction of fifty three. But Paul, I will
• 14:53
  Speaker 4: come on here and I will eat crow on you
• 14:55
  Speaker 4: break above seventy, and we break that red line and
• 14:58
  Speaker 4: start climbing. I would love to be I would love
• 15:00
  Speaker 4: to be wrong about analysis. We have an early bottom,
• 15:03
  Speaker 4: but right now we don't have what we need in
• 15:05
  Speaker 4: the markets or the charts to declare the bottoms in yet.
• 15:10
  Speaker 1: So are you back on the four year cycle or enough?
• 15:15
  Speaker 5: Not?
• 15:15
  Speaker 4: Officially. I do think something I said when I went
• 15:18
  Speaker 4: off the four year cycle was I said, the reason
• 15:20
  Speaker 4: of the four year cycle is going to die is
• 15:22
  Speaker 4: because retail will follow the four year cycle. Retail's going
• 15:26
  Speaker 4: they were going to sell in October of twenty five,
• 15:28
  Speaker 4: They're not going to buy until September or October of
• 15:30
  Speaker 4: twenty six.
• 15:31
  Speaker 2: Okay.
• 15:32
  Speaker 4: The reason I was off the four your cycles because
• 15:33
  Speaker 4: I thought institutions with the Clarity Act would be the
• 15:36
  Speaker 4: early buyers. But there's no Clarity Act passed. So if
• 15:40
  Speaker 4: institutions aren't buying and retail's not buying, well, then yeah,
• 15:43
  Speaker 4: the four year cycles in effect. The question is when
• 15:45
  Speaker 4: does institut When do institutions actually want to start buying?
• 15:48
  Speaker 4: That might end up being Fall of twenty six, right
• 15:50
  Speaker 4: in line with the four year cycle.
• 15:53
  Speaker 1: All of this is kind of centered around ETF though,
• 15:55
  Speaker 1: because the ETF flow is going to be real. I
• 15:57
  Speaker 1: want to go to a clip real quick, because this
• 15:59
  Speaker 1: is James from over at Bloomberg, one of the ETF
• 16:02
  Speaker 1: analysts over there, that kind of breaks down something about
• 16:05
  Speaker 1: stretch that I think is important.
• 16:07
  Speaker 2: Take a look.
• 16:09
  Speaker 5: That has completely upended things. They now have monthly dividends
• 16:12
  Speaker 5: they need to meet, so it's made things more complicated.
• 16:14
  Speaker 5: He's trying to basically create like some sort of capital
• 16:17
  Speaker 5: curve or risk curve for bitcoin. A lot of people
• 16:20
  Speaker 5: were saying this was ultimately going to happen once Sailor
• 16:22
  Speaker 5: went down this route.
• 16:23
  Speaker 2: He's trying out.
• 16:24
  Speaker 5: This is the first time somebody's doing something like this.
• 16:26
  Speaker 5: My view all along is I kind of view these
• 16:28
  Speaker 5: premiums and discounts in a similar way to closed in funds.
• 16:31
  Speaker 5: So there are times where strategy or mstr was trading
• 16:34
  Speaker 5: at massive premiums, and like when you see that in
• 16:36
  Speaker 5: the closed in front world where I'm more familiar covering,
• 16:38
  Speaker 5: it's kind of similar to ets, but not as efficient though.
• 16:41
  Speaker 5: Those premiums never really last. And what the only thing
• 16:43
  Speaker 5: that really can save strategy over the long term, say
• 16:45
  Speaker 5: two or three years from now, is Bitcoin's price needs
• 16:47
  Speaker 5: to go up, all.
• 16:49
  Speaker 1: Right, So to his point is micro strategy is in
• 16:54
  Speaker 1: dire straits right now if you think about where bitcoin
• 16:56
  Speaker 1: is setting when you look at this, do you think
• 16:58
  Speaker 1: the situation with with what has happened with Strategy and
• 17:01
  Speaker 1: Stretch has just made people look at this asset as
• 17:06
  Speaker 1: no longer trustworthy and it's just something that people are
• 17:10
  Speaker 1: not willing to do. They're just going to get direct
• 17:12
  Speaker 1: exposure on bitcoin, especially where it's price today.
• 17:15
  Speaker 2: If people think it's near the bottom, what do you think.
• 17:18
  Speaker 4: I mean, yeah, they definitely lost some customers. You know,
• 17:20
  Speaker 4: we have people reaching out to our dms all the
• 17:22
  Speaker 4: time saying I bought this much Strategy, Do you think
• 17:24
  Speaker 4: I should still hold it. There's a reason why I
• 17:27
  Speaker 4: never I never told people to buy Strategy on my channel.
• 17:30
  Speaker 4: I never told people to buy the STRC And one
• 17:33
  Speaker 4: of the reasons why is because, in my personal opinion,
• 17:36
  Speaker 4: this is something I actually said way back in twenty
• 17:38
  Speaker 4: twenty three or early twenty May four, when Michael Saylor
• 17:41
  Speaker 4: was kind of running some he was high, and people
• 17:43
  Speaker 4: were loving what was happening. But I told our community,
• 17:45
  Speaker 4: I said, listen, don't make the mistake of thinking that
• 17:48
  Speaker 4: bitcoin needs a personal hero and savior. He should Michael Sailor,
• 17:54
  Speaker 4: nor no other human should be considered the face of bitcoin,
• 17:57
  Speaker 4: the hero of bitcoin. The whole concept of bitcoin is
• 18:00
  Speaker 4: a decentralized money that is the most perfect form of
• 18:03
  Speaker 4: money we've ever seen in this world, better than gold,
• 18:05
  Speaker 4: which lasted for thousands of years as the most dominant
• 18:08
  Speaker 4: form of currency. We don't need to have this figurehead
• 18:11
  Speaker 4: who comes in and everyone looks at him and puts
• 18:13
  Speaker 4: them on a pedestal, because and I said it Back then,
• 18:16
  Speaker 4: I said, if he ever falls off this pedestal and
• 18:18
  Speaker 4: people have put all their faith and trust in him
• 18:21
  Speaker 4: to make bitcoin succeed, then we're gonna be in trouble.
• 18:24
  Speaker 4: And I had the same attitude today. I never invested
• 18:27
  Speaker 4: in micro Strategy because I said, you know what, Bitcoin
• 18:30
  Speaker 4: already to me is a good enough asset, and I'm
• 18:32
  Speaker 4: invested in all coins which are kind of risky. I
• 18:34
  Speaker 4: don't need to have risky Bitcoin, which is effectively how
• 18:37
  Speaker 4: I treat micro strategy. I don't need to have this
• 18:40
  Speaker 4: high end yield return from strategy from the strc because
• 18:44
  Speaker 4: again I'm gonna have yield returns from my ethereum and
• 18:46
  Speaker 4: my Salana and other things I don't need to get
• 18:48
  Speaker 4: outside of the crypto world. So I wasn't I've not
• 18:50
  Speaker 4: been hurt by strategies downfall whatsoever. I don't care if
• 18:55
  Speaker 4: he actually makes it or dies, like I honestly could
• 18:57
  Speaker 4: go either way. If Strategy makes it good for them,
• 19:00
  Speaker 4: if they don't make it, it doesn't affect me because
• 19:03
  Speaker 4: I didn't want him to be this pillar of bitcoin
• 19:05
  Speaker 4: in the first place, and by the way, I don't
• 19:07
  Speaker 4: think he will be. Even Strategy could die and Bitcoin
• 19:09
  Speaker 4: might dump a little more. That's not the end of bitcoin,
• 19:12
  Speaker 4: it's just the end of strategy.
• 19:13
  Speaker 1: Well, well, that's a big deal because there's a lot
• 19:16
  Speaker 1: of people out there that have trusted Sailor and micro
• 19:20
  Speaker 1: strategy and I think has flowed into Stretch. It For
• 19:22
  Speaker 1: Matt Hogan, who has been I think a big proponent
• 19:26
  Speaker 1: of strategy and stretch over the last year, for him
• 19:30
  Speaker 1: to say this now, which is basically a Sailor's dominance
• 19:34
  Speaker 1: of being the number one buyer, those days are likely
• 19:38
  Speaker 1: over after this most recent turmoil that has faced them.
• 19:41
  Speaker 1: So in essence, the market has lost confidence in what
• 19:47
  Speaker 1: Sailor is doing. And I think this is the concern
• 19:49
  Speaker 1: everybody's faced with right now.
• 19:51
  Speaker 4: For sure, it's always darkest right before the dawn, though
• 19:53
  Speaker 4: it always is really ugly right before the bottom. I
• 19:56
  Speaker 4: think this is a little bit larger than it. But
• 19:58
  Speaker 4: look back up four years ago. FTX was the pinnacle
• 20:01
  Speaker 4: of crypto exchanges. People were talking about FTX like it
• 20:04
  Speaker 4: was the future of crypto in the future exchange and
• 20:06
  Speaker 4: you should dump all your other exchange to go to FTX.
• 20:09
  Speaker 4: And it's collapse was brutal from a fundamental standpoint, from
• 20:13
  Speaker 4: a sentiment standpoint. But when you look at the price
• 20:15
  Speaker 4: action on bitcoin, and you look at the price action
• 20:17
  Speaker 4: of that'st crypto space, that actually cult that catalyst was
• 20:20
  Speaker 4: the bottom of the bear market. Everything then continued to
• 20:23
  Speaker 4: rally up afterwards, and all coins didn't have the same
• 20:26
  Speaker 4: bull market that they've had in the past. But overall,
• 20:29
  Speaker 4: I think that people keep trying to come up with
• 20:31
  Speaker 4: some sort of doomsday scenario for bitcoin. I think bitcoin
• 20:34
  Speaker 4: is stronger. I also think if when I say I
• 20:36
  Speaker 4: think gonna make it even if strategy goes down. The
• 20:39
  Speaker 4: reason why is because I think there are sharks in
• 20:41
  Speaker 4: the water who are ready to scoop up. Like people
• 20:43
  Speaker 4: just think the strategy would sell off all their bitcoin
• 20:46
  Speaker 4: and then no one would be sitting there to buy it. No,
• 20:48
  Speaker 4: there are sharks just waiting who want to see strategy fail.
• 20:51
  Speaker 4: They want to see Michael Sailor out of it. But
• 20:53
  Speaker 4: they would scoop up the bitcoin supply and create these
• 20:56
  Speaker 4: companies themselves so that they can be successful. I'm thinking
• 20:59
  Speaker 4: black rocks of the world. I'm thinking governments of the world.
• 21:02
  Speaker 4: I think there's a race that people aren't talking about
• 21:04
  Speaker 4: enough between the US government in China to be a
• 21:07
  Speaker 4: Bitcoin superpower, and we don't talk about it as much
• 21:10
  Speaker 4: as we really should.
• 21:11
  Speaker 1: Interesting, Well, you got to look at one thing, and
• 21:14
  Speaker 1: that is Clarity because there is a race there as well.
• 21:17
  Speaker 1: You've got to center her lumbus now firing back at
• 21:19
  Speaker 1: war in sight.
• 21:21
  Speaker 4: Yeah.
• 21:21
  Speaker 1: Yeah, And Clarity Act has sixteen illictit finance safeguards, not loopholes.
• 21:27
  Speaker 1: She and if you guys know the argument Warren is
• 21:30
  Speaker 1: all about, Crypto is for bad guys. And of course
• 21:34
  Speaker 1: the Clarity Act kind of clears up all of those things.
• 21:37
  Speaker 1: And I think this is the issue right now. Where
• 21:41
  Speaker 1: do you put the odds at right now? I'm still
• 21:43
  Speaker 1: I'm still falling right now just because I feel like
• 21:45
  Speaker 1: the bank, the bank industry is just so powerful.
• 21:52
  Speaker 4: Yeah, I would say I'm not crazy, I'm not crazy confident,
• 21:57
  Speaker 4: but I still have hope that we get this thing
• 21:59
  Speaker 4: past sometime in August. But of course they keep moving
• 22:01
  Speaker 4: that timeline back, so I'm not I'm not sitting here
• 22:04
  Speaker 4: just waiting for it, and I'm gonna be rushed. I'm
• 22:06
  Speaker 4: not gonna be crushed or exuberated with that news happening.
• 22:10
  Speaker 4: I will say, if we missed the August window, I
• 22:12
  Speaker 4: would be I'm not saying we can't even get it
• 22:14
  Speaker 4: passed in twenty way six, but it's one of those things.
• 22:16
  Speaker 4: If we can't get it passed in this next window
• 22:18
  Speaker 4: and we don't get the bill signed in August, if
• 22:21
  Speaker 4: I'm a Democrat and I think that we are going
• 22:23
  Speaker 4: to win the House that we just talked about earlier
• 22:25
  Speaker 4: in the show, why not wait for some added recruits
• 22:29
  Speaker 4: to come in and make sure we can kind of
• 22:31
  Speaker 4: sway the US government to make sure this is structured
• 22:34
  Speaker 4: the way we want it to be structured. Like right now,
• 22:36
  Speaker 4: there's more of a Republican lean probably with the language,
• 22:40
  Speaker 4: so they need to get this thing passed quickly. Or
• 22:44
  Speaker 4: it's not that we won't pass it eventually, it's just
• 22:45
  Speaker 4: they're going to delay when that eventually happens. So I'm
• 22:49
  Speaker 4: not really holding my breath at this point. I'm still
• 22:51
  Speaker 4: bullish from crypto long term either ways. I just think
• 22:53
  Speaker 4: we're talking about the delay of the bullmarket rather than
• 22:56
  Speaker 4: killing the bull market.
• 22:58
  Speaker 1: Who do you think is to blame if this does
• 23:00
  Speaker 1: not get done? Is this all on Trump? With everything
• 23:04
  Speaker 1: that's been disclosed, what he's doing as far as his
• 23:07
  Speaker 1: activities is out there, Basically dumping on the Crypto guys.
• 23:11
  Speaker 1: You know, do you think it's Trump or do you
• 23:13
  Speaker 1: think it's administration?
• 23:15
  Speaker 4: What? Trump's gonna blame the Democrats and to be And
• 23:19
  Speaker 4: there's a level saying, yeah, if the Democrat votes don't
• 23:22
  Speaker 4: come in, you can say the Democrats are their fault.
• 23:24
  Speaker 4: But I would go back and say the reason why
• 23:25
  Speaker 4: I'd probably put it on Trump is not just because
• 23:28
  Speaker 4: he's a polarizing figure in general. He's polarizing on this figure.
• 23:32
  Speaker 4: I still go back and think one of the biggest
• 23:33
  Speaker 4: mistakes his team made was forming a Trump and Millennia
• 23:36
  Speaker 4: token back there while he's getting it, was starting the
• 23:40
  Speaker 4: job again in early twenty twenty four.
• 23:43
  Speaker 2: Biggest win. It was his biggest win on.
• 23:45
  Speaker 4: His and there was a big loss for Crypto. There
• 23:49
  Speaker 4: are debates happening right now on the Senate floor that
• 23:51
  Speaker 4: would not be being had if Trump token didn't exist.
• 23:55
  Speaker 2: Percent well, and you guys have it.
• 23:57
  Speaker 1: I mean, we are in and especially if this is
• 23:59
  Speaker 1: the thing I get is the banks are so clever
• 24:02
  Speaker 1: at dropping this stuff out there. You know, get ready, guys,
• 24:05
  Speaker 1: because July we're moving into some very key dates here.
• 24:10
  Speaker 1: Just to anticipate there's going to be more coming. That's
• 24:13
  Speaker 1: just going to reveal all kinds of shenanigans that's taking
• 24:16
  Speaker 1: place out there. That's only going to strengthen their position
• 24:18
  Speaker 1: on ethics, which is really the line in the sand
• 24:21
  Speaker 1: that's going to either crack the back of clarity I
• 24:25
  Speaker 1: think going forward. Unless he pulls a rabbit out of
• 24:28
  Speaker 1: the hat that I just don't know about, we'll see. Hey,
• 24:30
  Speaker 1: let's jump over to Ethereum, it's the back above sixteen
• 24:33
  Speaker 1: hundred here. Man, it needs to reclaim seventeen hundred seventeen
• 24:37
  Speaker 1: fifty for any strong upside, otherwise.
• 24:41
  Speaker 2: Ethan's going to drop to the low's again.
• 24:44
  Speaker 1: Yeah, tell me something good on this, Tell me something good,
• 24:47
  Speaker 1: tim good news.
• 24:49
  Speaker 4: We're having a fantastic day here today on the daily
• 24:52
  Speaker 4: chart with it. Come over here and look at it
• 24:55
  Speaker 4: on my chart here, we're above that seventeen hundred. We
• 24:57
  Speaker 4: did touch seventeen twenty two on the coinbase chart. Similar
• 25:01
  Speaker 4: to Bitcoin. I think that we're just getting going fresh
• 25:04
  Speaker 4: daily by signals are coming in here. Now. This is
• 25:09
  Speaker 4: technically let me look at it the specific here. I
• 25:13
  Speaker 4: think it's technically bullish divergence. And why I say that
• 25:17
  Speaker 4: is because technically speaking, I mean zoom in this daily
• 25:20
  Speaker 4: close over here is lower than this daily close. I
• 25:23
  Speaker 4: don't care about Wicks. Yeah we didn't. Wick is low
• 25:25
  Speaker 4: on this one. But when we're looking at divergence, it's
• 25:27
  Speaker 4: all about candlebody closes, and so technically speaking, that's a
• 25:31
  Speaker 4: lower low in price action, and you take a look
• 25:33
  Speaker 4: at the RSI, that's a higher low in RSI action.
• 25:36
  Speaker 4: So we have that slight daily bullish divergence. We hit
• 25:39
  Speaker 4: a support trend right similar to Bitcoin, we're in a
• 25:41
  Speaker 4: falling wedge as well. Ethereum's in this wedge. We've hit
• 25:44
  Speaker 4: support here. I think it's not crazy to think that.
• 25:48
  Speaker 4: I think Ethereum at least makes it back up closer
• 25:50
  Speaker 4: to eighteen hundred dollars level. I wouldn't be surprised if
• 25:53
  Speaker 4: it gets closer to nineteen hundred. But again, it can
• 25:55
  Speaker 4: get up here towards nineteen nineteen twenty, nineteen thirty area
• 25:59
  Speaker 4: and still just hit its head of resistance and then
• 26:01
  Speaker 4: have the big draw down similar to bitcoinning come back
• 26:04
  Speaker 4: closer towards fourteen hundred. Is where I'm looking right now
• 26:08
  Speaker 4: at support the bear flag pattern, and I will say
• 26:11
  Speaker 4: this move probably gets rid of that bear flag pattern,
• 26:14
  Speaker 4: But there are people out there waiting for twelve seventy.
• 26:17
  Speaker 4: I've said it on my channel before, just because of
• 26:19
  Speaker 4: the bear flag pattern. I mean, this bear flag pattern
• 26:21
  Speaker 4: worked out perfectly, so until we see it broken, you're
• 26:24
  Speaker 4: wondering about that one. But if we gonna make a
• 26:26
  Speaker 4: move back up to nineteen hundred, I would put odds
• 26:28
  Speaker 4: that fourteen's all we really need to come back to
• 26:30
  Speaker 4: the downside. We probably don't need twelve hundred. So again,
• 26:33
  Speaker 4: whales are accumulating. We're very close to the bottom, but
• 26:36
  Speaker 4: I'm not convinced the bottoms in just yet, and I
• 26:39
  Speaker 4: to be convinced it is, I think we need to
• 26:41
  Speaker 4: be probably back up twenty to twenty one hundred would
• 26:44
  Speaker 4: be my level to say, hey, we're actually making some
• 26:46
  Speaker 4: bullet structure here, breaking resistance. We have a chance. I
• 26:49
  Speaker 4: like it.
• 26:50
  Speaker 1: Hey, Tim, we have a lot of new viewers on
• 26:52
  Speaker 1: our channel that are coming from trad five. They've just
• 26:55
  Speaker 1: been investing in stocks. You know, they're just buying spot
• 26:58
  Speaker 1: out there divergence to some of these because as they
• 27:02
  Speaker 1: watch this, understanding these charts, give me a give me
• 27:06
  Speaker 1: a quick explanation of that.
• 27:08
  Speaker 4: Yeah, the best explanation again from a from a view standpoint,
• 27:11
  Speaker 4: what I'm looking at here, and again we get rid
• 27:13
  Speaker 4: of these other oscillators that make it a little more
• 27:14
  Speaker 4: messy what I'm looking at. I'll even go to a
• 27:17
  Speaker 4: cleaner chart. Let's go to something I never use. There
• 27:20
  Speaker 4: we go, I'm looking at when the price action tells
• 27:24
  Speaker 4: me we're setting going lower, and we're getting more bearers,
• 27:26
  Speaker 4: and we're putting these lower lows. But the RSI, the
• 27:29
  Speaker 4: divergen on RSI, is getting higher. And what that tells
• 27:33
  Speaker 4: me is despite the fact that bears are pushing to
• 27:35
  Speaker 4: lower levels, they're doing it with less strength. The higher
• 27:38
  Speaker 4: the bottoms, the less strong the bears are, which means
• 27:41
  Speaker 4: as as we're getting these higher lows with lower lows
• 27:44
  Speaker 4: of price action, the bears are losing steam. They're coming
• 27:47
  Speaker 4: to the end of what they're capable of doing. And effectively,
• 27:51
  Speaker 4: that's the psychology of what's happening. To get into more specifics,
• 27:54
  Speaker 4: every single bitcoin bull market I don't bear market. Excuse me,
• 27:58
  Speaker 4: I don't care how far back you don't go. All
• 27:59
  Speaker 4: the back beginning, we have not had a major bottom
• 28:02
  Speaker 4: of a bear market without daily bullish divergence. We haven't
• 28:06
  Speaker 4: had a single top without bearish divergences. It's one of
• 28:09
  Speaker 4: the most powerful indicators of telling us when the markets
• 28:12
  Speaker 4: are exhausted in either trend. So if we're going down,
• 28:15
  Speaker 4: the bears are getting exhausted when we see bullish divergence.
• 28:18
  Speaker 4: When we go to the upside, the bulls are getting
• 28:20
  Speaker 4: exhausted when we see bearish diversions.
• 28:23
  Speaker 1: Gotcha, all right, let's jump over to Hood big announcements.
• 28:28
  Speaker 1: Robinhood made absolutely crazy stuff and this is kind of
• 28:32
  Speaker 1: just some rundowns on some of the benefits they have.
• 28:35
  Speaker 1: It's a million funded customers outside the US, so they're
• 28:37
  Speaker 1: growing quickly. They're launching Robinhood Crypto in the UK with
• 28:41
  Speaker 1: Mica launching, you know as well make er orders for
• 28:44
  Speaker 1: crypto launching for US customers. That's a new deal. They
• 28:47
  Speaker 1: officially launched in Canada Zero Trading. They've granted the license
• 28:51
  Speaker 1: to expand brokerages in Singapore. So these guys are moving.
• 28:55
  Speaker 1: They are moving, man. And you look like, you know,
• 28:59
  Speaker 1: Vlad looks like he is from Vladdam Paler.
• 29:02
  Speaker 4: There matter, the general in the Civil War. Maybe yeah,
• 29:07
  Speaker 4: something like that.
• 29:08
  Speaker 1: I liked and I you know, we played a lot
• 29:09
  Speaker 1: of clips on a previous video.
• 29:12
  Speaker 2: I really like this earned product.
• 29:13
  Speaker 1: If they roll this out and it actually gets out
• 29:15
  Speaker 1: there to the people, because this will be a big deal.
• 29:17
  Speaker 1: They're rolling it out to US customers, USDG on Chain, self,
• 29:21
  Speaker 1: Cussy Wallet, seven percent apy, those are pretty significant numbers.
• 29:26
  Speaker 4: Yeah, tell me this.
• 29:28
  Speaker 1: When you look at the hood stock, it responded very
• 29:31
  Speaker 1: nicely to some of this news, and it's has been
• 29:34
  Speaker 1: over the last couple of days. Would this be a
• 29:36
  Speaker 1: bye for you?
• 29:38
  Speaker 4: You know, good question. Wouldn't be a bye right now, probably,
• 29:42
  Speaker 4: But I will say I'm very glad I bought when
• 29:44
  Speaker 4: I did. We started a brand new, like beginner friendly
• 29:46
  Speaker 4: portfolio literally in the beginning of April, and and we
• 29:52
  Speaker 4: we started as we had two coins, two stocks to
• 29:55
  Speaker 4: choose from, and we were back and forth between and
• 30:00
  Speaker 4: coin and the reason why we wanted to be we
• 30:03
  Speaker 4: want to get access to one of the better exchanges
• 30:05
  Speaker 4: in the crypto world, and we chose Hood over coins.
• 30:08
  Speaker 4: We did not invest in the coin, and of course
• 30:10
  Speaker 4: that one's going sideway slash down. Hood has just taken
• 30:12
  Speaker 4: off here and more structurally, here's why I said maybe again,
• 30:16
  Speaker 4: we're in a very bullish trajector right here. I normally
• 30:19
  Speaker 4: am not a fan of buying assets that have been
• 30:22
  Speaker 4: trending upwards for quite some time. But the reason why
• 30:25
  Speaker 4: I'd say, actually Robinhood might be an interesting buy here
• 30:28
  Speaker 4: locally is because this channel right here, you see this
• 30:30
  Speaker 4: red line in this green line, this is a rising
• 30:32
  Speaker 4: wedge pattern and traditionally, more often not these things are
• 30:37
  Speaker 4: supposed to break to the downside and come back down.
• 30:39
  Speaker 4: So at one point back here around June sixteenth or so,
• 30:43
  Speaker 4: we were on the facing. Are we going to see
• 30:45
  Speaker 4: a big drop on Robin Hood? Instead, we had a
• 30:49
  Speaker 4: break above the red line, came back, kind of tested
• 30:52
  Speaker 4: the zone the area, and turned a former resistance own
• 30:55
  Speaker 4: to support and now we're breaking out again. What that
• 30:57
  Speaker 4: tells me is the bulls didn't get exhausted on the
• 31:00
  Speaker 4: push like they probably should have. They actually begin to
• 31:03
  Speaker 4: pick up more steam and the bear started giving away.
• 31:06
  Speaker 4: And now this supposedly bears structure just got invalidated and broken,
• 31:10
  Speaker 4: which to me, it actually spells a continual move up
• 31:14
  Speaker 4: to the upside. And again as we're getting closer to
• 31:17
  Speaker 4: the bottom of the bear market bend. Yeah, Hood is
• 31:21
  Speaker 4: the winner. I think out of coin and Hood, I
• 31:24
  Speaker 4: prefer the Hood stock and I think we're just getting
• 31:26
  Speaker 4: going with this structure.
• 31:28
  Speaker 1: Let's get two more tokens in. We're gonna do Solana.
• 31:31
  Speaker 1: Then we'll take a look at Jupiter real quick. But
• 31:34
  Speaker 1: Solana most oversaw it's ever been. Solana had just three
• 31:37
  Speaker 1: year low at sixty down eighty percent off the all
• 31:40
  Speaker 1: time high there. So that's a pretty good timing. You know,
• 31:44
  Speaker 1: we've we've talked about this one before a lot. Is
• 31:48
  Speaker 1: it gonna lead out the crypto bear market? You think
• 31:51
  Speaker 1: this is going to be the one to do it?
• 31:53
  Speaker 4: Paul, I'm so glad I'm here today talking about Salana
• 31:57
  Speaker 4: with you, because literally what's happening on the chart right
• 32:00
  Speaker 4: now is a make it or break it spot for Solana.
• 32:03
  Speaker 4: Just yesterday I told my viewers, if we can break
• 32:05
  Speaker 4: this level and sustain it for a couple of days,
• 32:08
  Speaker 4: I actually might even say that the Salona bottom is in.
• 32:11
  Speaker 4: Uh look at my chart right now again. Remember the
• 32:14
  Speaker 4: wedges we talked about on Bitcoin and ethereum. Take a
• 32:17
  Speaker 4: look at Solana. Solana right now as you zoom in,
• 32:20
  Speaker 4: today broke above this red trend line for the first
• 32:23
  Speaker 4: time since the top back here in September, right, So,
• 32:27
  Speaker 4: very big move here for Solana give me a couple
• 32:31
  Speaker 4: of days. I'm not ready to jump out right now
• 32:33
  Speaker 4: and say that's it. We're good to go, right, But
• 32:36
  Speaker 4: if we can sustain a bullish pressure here for a
• 32:38
  Speaker 4: couple more days, I again, I think Bitcoin's gonna go hire.
• 32:41
  Speaker 4: I think thee' junn go hire. So let's just pretend
• 32:43
  Speaker 4: Solana makes a move here. I think the level I'd
• 32:45
  Speaker 4: be looking at for next spot of resistance maybe back
• 32:48
  Speaker 4: up here towards ninety eight, right, can we get up here?
• 32:51
  Speaker 4: Don't be surprised if Solana gets up to ninety eight
• 32:54
  Speaker 4: and then pulls back like back down towards this seventy
• 32:56
  Speaker 4: three mark. But the difference would be while Bitcoin and
• 32:59
  Speaker 4: Ethereum are hitting resistance and then going back down to
• 33:02
  Speaker 4: lower support levels, Solana is starting the process of higher
• 33:05
  Speaker 4: highs and higher lows, which means, yeah, we'd have an
• 33:08
  Speaker 4: opportunity to buy Solana cheaper than maybe today's price. But
• 33:12
  Speaker 4: if you think, man, I can get Solona again at
• 33:14
  Speaker 4: sixty dollars, if we make a move up here towards
• 33:16
  Speaker 4: ninety eight, I'm probably kissing another chance at sixty dollars
• 33:19
  Speaker 4: or even my lower reponsible fIF yallard ideas gone. I
• 33:23
  Speaker 4: think Solana is starting off. By the way, remember I
• 33:25
  Speaker 4: told you we needed those big bullsh divergencies from Bitcoin
• 33:28
  Speaker 4: ethereum that we just haven't gotten officially just yet. Solan. Oh,
• 33:32
  Speaker 4: actually I don't want to Yeah, it's daily right. Ah.
• 33:34
  Speaker 4: Actually there's a different coin I'm look at. I apologize
• 33:37
  Speaker 4: there's no daily bullsh on Solana. Uh, there's a different
• 33:40
  Speaker 4: coin that had it. But but I would still say,
• 33:42
  Speaker 4: structurally based on this formation, give me a big confirmed
• 33:47
  Speaker 4: move up here. Get me back towards ninety eight, and
• 33:49
  Speaker 4: I'm gonna put the lightheod of Solon's bottom being in
• 33:51
  Speaker 4: it in the roughly eighty five percent probability.
• 33:54
  Speaker 1: Okay, let's go to Juke because that's another one that's
• 33:57
  Speaker 1: moving quickly.
• 33:58
  Speaker 2: A lot of news to talk about there.
• 33:59
  Speaker 1: You've got they just dropped a whole bunch of rewards cards.
• 34:03
  Speaker 1: Jupe ausd now or jupusd now is going to be
• 34:07
  Speaker 1: another stimulus going into it. Then, of course you look
• 34:10
  Speaker 1: at Solana at all time high in terms of transaction activity,
• 34:13
  Speaker 1: which is of course oriented to Jupe, and then you know,
• 34:18
  Speaker 1: just in general, I think.
• 34:19
  Speaker 2: The Jupe when you look at Jupiter the app.
• 34:22
  Speaker 1: And I think if any of you guys have not
• 34:24
  Speaker 1: tried the Jupiter app, what I want you to do
• 34:26
  Speaker 1: is go out and take a look at it, because
• 34:27
  Speaker 1: I think you might be surprised. It's really changed a
• 34:29
  Speaker 1: lot in terms of its options. There's a lot of
• 34:32
  Speaker 1: new features within it. When you look at that, you
• 34:35
  Speaker 1: might say, this could really win, especially with a certain demographic,
• 34:39
  Speaker 1: especially like the Robinhood crowd, which could end up going
• 34:44
  Speaker 1: in here and doing something around the Jupe ecosystem. What
• 34:47
  Speaker 1: about jew Right now, I mean, this thing's continuing to
• 34:50
  Speaker 1: trade up right now.
• 34:52
  Speaker 4: Yeah, even more importantly, similar to Solana, it's breaking some
• 34:54
  Speaker 4: key resistance. To look back here in December of twenty
• 34:57
  Speaker 4: four key line, I mean we've hit it now one, two, three,
• 35:00
  Speaker 4: four five times, but now on the sixth attempt, it
• 35:05
  Speaker 4: looks like we're finally going to Mentu to break above.
• 35:07
  Speaker 4: So give me a couple more days to get confirmation here.
• 35:10
  Speaker 4: But I like what I'm seeing here. Let me take
• 35:12
  Speaker 4: a look at my other oscillators and just see what's
• 35:13
  Speaker 4: kind of popping up here as well. Yeah, it looks
• 35:16
  Speaker 4: like we're in Valu. It looks like we had a
• 35:18
  Speaker 4: slight daily cell scenal here the other day. But now
• 35:20
  Speaker 4: we're popping up higher, meaning we're potentially invalidating it, which
• 35:23
  Speaker 4: leads me to want to say, what's the weekly looking like?
• 35:25
  Speaker 4: The weekly is looking bullish right now in this oscillator,
• 35:28
  Speaker 4: So give me continued movements here on Jupiter, I would say,
• 35:33
  Speaker 4: in a level of resistant to keep an eye on.
• 35:35
  Speaker 4: It's way too high for the daily chart or for
• 35:37
  Speaker 4: the weekly chart. I'd say, looking up here at this
• 35:39
  Speaker 4: breaker block, there's two an quarter block and a breaker
• 35:42
  Speaker 4: block thirty four to forty cents. That's where i'd look
• 35:44
  Speaker 4: at the upside. But get me up here, hit let
• 35:47
  Speaker 4: me hit those levels. I'm a okay with it breaking
• 35:50
  Speaker 4: up to that level, rejecting maybe even coming back down
• 35:53
  Speaker 4: close where we are. But that point, similar to Sawan
• 35:55
  Speaker 4: is saying, I think the bottom's in. I think we've
• 35:57
  Speaker 4: confirmed the breakout. We're in this falling channel pattern that's
• 36:00
  Speaker 4: now breaking to the upside. It's probably the end of
• 36:03
  Speaker 4: the market there. Let me take a look here, by
• 36:04
  Speaker 4: the way, Yeah, this one already has the daily bullish divergence.
• 36:08
  Speaker 4: Notice here you see how look at this rs R
• 36:11
  Speaker 4: here you see how the trend of the RSI is
• 36:15
  Speaker 4: trending to the upside here at the bottoms. Take a
• 36:17
  Speaker 4: look at the price action during the exact same time
• 36:20
  Speaker 4: it over here was trending down right, So we have
• 36:24
  Speaker 4: that divergence call here on Jupiter. Now we're getting a
• 36:28
  Speaker 4: sustained break above a significant long term resistance level. There's
• 36:32
  Speaker 4: a lot of recipes cooking here. If we can sustain
• 36:34
  Speaker 4: bullishness for the next couple of days for Jupiter's bottom
• 36:36
  Speaker 4: to be in and does it again, doesn't mean that
• 36:39
  Speaker 4: we can't come lower and come back towards twenty cents.
• 36:41
  Speaker 4: It just means, Hey, if you were thinking I can
• 36:44
  Speaker 4: get Jupiter again at thirteen to five, that opportunity is
• 36:48
  Speaker 4: looking like it's dwindling.
• 36:49
  Speaker 1: If you are not following Tim Moore and over on YouTube,
• 36:51
  Speaker 1: you just should do that right now. Tim More in Trades,
• 36:54
  Speaker 1: you guys can jump in there, giv him a kudos
• 36:56
  Speaker 1: and a like and all that good stuff telling we
• 36:59
  Speaker 1: sent you over. Tim, thanks a lot for coming in today.
• 37:02
  Speaker 1: We appreciate it absolutely. Paul, thanks for having me again.
• 37:11
  Speaker 1: If you like this video, like and subscribe, drop a
• 37:14
  Speaker 1: comment down below, and also join our free private member group.
• 37:17
  Speaker 2: The link is in the description