Latest / The Paul Barron Crypto Show / Rally Over?📉Technical Analysis with Tim Warren

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Rally Over?📉Technical Analysis with Tim Warren · The Paul Barron Crypto Show

• 0:00
  Speaker 1: But of course we're going to talk about the breakdown
• 0:02
  Speaker 1: how the market is performing.
• 0:03
  Speaker 2: Let's just jump into it.
• 0:04
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• 0:39
  Speaker 1: Listen is the rally over man, I don't know, but
• 0:43
  Speaker 1: you know who can help us, and that of course
• 0:44
  Speaker 1: is Tim Warren coming in from Tim Warren Trades.
• 0:47
  Speaker 2: How are you?
• 0:49
  Speaker 3: I'm doing good, Paul, good to be here again.
• 0:51
  Speaker 2: How you doing, I'm good, I'm good.
• 0:52
  Speaker 1: If you guys haven't checked out his channel, jump over
• 0:54
  Speaker 1: there right now, hit subscribe, get into the crew. He
• 0:58
  Speaker 1: and shrim do a great job at really breaking down things,
• 1:01
  Speaker 1: and I love the content. Tim, So you guys keep
• 1:04
  Speaker 1: doing what you're doing, man, pop.
• 1:05
  Speaker 2: It in there. Hey, there's a lot going on. You know.
• 1:09
  Speaker 2: We had the Clarity.
• 1:10
  Speaker 1: Banking Act thing that was just absolutely insane.
• 1:15
  Speaker 2: We've done so many videos on this.
• 1:17
  Speaker 1: My brain is like fried on the amount of stuff
• 1:19
  Speaker 1: and research that we've had to do. But essentially what
• 1:22
  Speaker 1: happened The Clarity Act stalled. The Banking Committee is now
• 1:26
  Speaker 1: kind of left up to trying to pick up the shambles.
• 1:30
  Speaker 1: Banks I think got in with an overreach with all
• 1:33
  Speaker 1: the amendments.
• 1:35
  Speaker 2: We had a nice thing cooking, Bitcoin.
• 1:37
  Speaker 1: Was on the move and everything was looking good and
• 1:39
  Speaker 1: then bam, here we go. What do you think, where
• 1:43
  Speaker 1: does bitcoin stand right now in terms of the charts?
• 1:46
  Speaker 2: What does this look like?
• 1:48
  Speaker 3: You know, it's crazy because the charts on longer time
• 1:52
  Speaker 3: frames still have a lot of good signs. There's some
• 1:54
  Speaker 3: intermediate things right now. The weekly charts extremely bullish, and
• 1:58
  Speaker 3: I'm sure if we went down like small timeframes right now,
• 2:00
  Speaker 3: you can find some bullsh stuff. I would say, right now,
• 2:03
  Speaker 3: and we can think a look here a little bit,
• 2:04
  Speaker 3: tell me if you want me other charts, but the
• 2:06
  Speaker 3: daily chart, I would start to have some questions, is
• 2:11
  Speaker 3: this still bullish? Right now? We did go up in
• 2:13
  Speaker 3: touch above ninety eight K. I still think one hundred
• 2:16
  Speaker 3: k is doable. I still think this move goes above
• 2:18
  Speaker 3: one hundred k. But to be fair, we did hit
• 2:20
  Speaker 3: my first level of resistance I talked about on the
• 2:23
  Speaker 3: show weeks ago, months ago at this point once we
• 2:26
  Speaker 3: bottomed out back in November. But then the four hour
• 2:29
  Speaker 3: chart now is starting to give us some by single
• 2:31
  Speaker 3: So there's a lot of mess going on. There's a
• 2:33
  Speaker 3: bullish formation. But when I saw that news, when I
• 2:36
  Speaker 3: saw the Banking Committee right the other day, we reported
• 2:38
  Speaker 3: it like this is looking positive, this is looking good.
• 2:40
  Speaker 3: They're going forward. There's kind of that thought of like, man,
• 2:43
  Speaker 3: Charles Hoskinson is going to be wrong. We are going
• 2:45
  Speaker 3: to get this thing passed in Q one. And then
• 2:48
  Speaker 3: today you're like, oh, crap, Charles hoskinsin might might have
• 2:52
  Speaker 3: been right, right, Maybe don't pass it, in which case
• 2:54
  Speaker 3: that's not good. And then you have you have Donald
• 2:58
  Speaker 3: Trump out here speaking a lot about Greenland and about
• 3:01
  Speaker 3: Iran and about more terrifts. And I told some of
• 3:04
  Speaker 3: my buddies earlier today, I was just like, Trump needs
• 3:08
  Speaker 3: to put the microphone down and go play a good
• 3:10
  Speaker 3: round of golf. I think he just hasn't played golf
• 3:12
  Speaker 3: in a while. He's uptight, he's not thinking. Put the
• 3:15
  Speaker 3: microphone down. Trump, Let the markets get a breath of
• 3:18
  Speaker 3: fresh air, go play around of golf, rethink your your messages,
• 3:22
  Speaker 3: and let's come back and try it again next week.
• 3:24
  Speaker 2: Hey, I've got a clip here for Mike Novilgrass.
• 3:26
  Speaker 1: He talks about why the bills stalled, and it might
• 3:28
  Speaker 1: give you some insights as to whether or not bitcoin
• 3:31
  Speaker 1: picks up here or not.
• 3:32
  Speaker 2: Take a look.
• 3:33
  Speaker 4: They worry if stable coins are allowed to effectively a
• 3:37
  Speaker 4: crew interest or some other kind of points or other things.
• 3:41
  Speaker 2: That there would be deposit flight. That is that is
• 3:44
  Speaker 2: right right right now.
• 3:45
  Speaker 4: That's the central issue that because they're not allowed to
• 3:47
  Speaker 4: technically yet. It's so interesting whenever you have a new
• 3:52
  Speaker 4: technology that's disruptive, the incumbents say no, we don't want
• 3:56
  Speaker 4: to give a bar monopoly. They are using community banks
• 4:00
  Speaker 4: as a shield. Say oh my god, it suits me
• 4:02
  Speaker 4: depositive plate from community banks. The reality is that people
• 4:05
  Speaker 4: wanted to move out of community banks at low interest rate,
• 4:08
  Speaker 4: they could move to so far or tons of the
• 4:11
  Speaker 4: neo banks that already offer much better deposit rates. Stable
• 4:14
  Speaker 4: planes are mostly away of us, rejecting power to the
• 4:19
  Speaker 4: rest of the world. And if you don't allow some
• 4:22
  Speaker 4: interest or some mechanism to generate interest on stable poins,
• 4:27
  Speaker 4: you're going to continue this monopoly where Teather has.
• 4:30
  Speaker 2: The majority of overseas.
• 4:32
  Speaker 4: Stable poins and so hard to compete with the incumbent
• 4:36
  Speaker 4: unless you can offer something different. And for me, I
• 4:40
  Speaker 4: just keep saying, we've got to get this bill passed
• 4:42
  Speaker 4: so we can move on and the industry can start growing.
• 4:44
  Speaker 4: And if it's not perfect, who cares, We'll fix it
• 4:47
  Speaker 4: in time.
• 4:49
  Speaker 1: I do not know if I'm in agreement with if
• 4:51
  Speaker 1: it's not perfect, I get that. Listen, it's probably not
• 4:56
  Speaker 1: going to be perfect. But some of the things that
• 4:57
  Speaker 1: came through on that bill were a little bit of overreach.
• 5:00
  Speaker 1: I think that's the only thing as long as we
• 5:02
  Speaker 1: don't start getting into privacy issues that's a concern. I'm
• 5:07
  Speaker 1: on the fence on yields. We'll see, but it definitely
• 5:12
  Speaker 1: is a different time for sure.
• 5:13
  Speaker 3: I think I think the best way to think about
• 5:16
  Speaker 3: it is this, And again, there's a part of me
• 5:18
  Speaker 3: that is in agreement let's get the bill passed. Let's
• 5:20
  Speaker 3: just get going. But if you're gonna answer this question
• 5:24
  Speaker 3: for yourself, you gotta ask your question, what's more than
• 5:26
  Speaker 3: likely that in the future the government's going to restrict
• 5:29
  Speaker 3: more freedom or give more freedom. That's what we're kind
• 5:32
  Speaker 3: of talking about right now. I think you want to
• 5:34
  Speaker 3: start off with a very long leash, and then the
• 5:37
  Speaker 3: discussion becomes should we be short in the leash should be
• 5:39
  Speaker 3: short and lee should be short least. I don't think
• 5:41
  Speaker 3: the chances of them say let's start with a short
• 5:43
  Speaker 3: leash and then stretch it out as we go is
• 5:45
  Speaker 3: the better way of doing it. So I kind of
• 5:47
  Speaker 3: I'm on board with what Brian Armstrong saying. I do
• 5:50
  Speaker 3: want to see a bill passed. I do want to
• 5:51
  Speaker 3: see a bull market come to fruition again. But I
• 5:57
  Speaker 3: am a big fan of like, let's get a longer
• 5:59
  Speaker 3: leash for cripough and if they want to shorten it
• 6:01
  Speaker 3: later on, that's a discussion for future politicians to have.
• 6:05
  Speaker 1: Yeah, you got bitcoin traders now predicting a strong run up.
• 6:09
  Speaker 1: This could happen if we get another wind underneath a
• 6:12
  Speaker 1: Clarity Act that could come back on a second round.
• 6:15
  Speaker 1: That could be much more favorable. What would it take
• 6:18
  Speaker 1: on the charts right now, tim for bitcoin to get
• 6:21
  Speaker 1: a run.
• 6:23
  Speaker 3: Yeah, well, you know it's funny. I have ast people
• 6:25
  Speaker 3: are watching this. My video just probably went out on
• 6:27
  Speaker 3: my channel as well. I talked about in the last days,
• 6:30
  Speaker 3: I actually made my whole month's salary in the last
• 6:32
  Speaker 3: day days trading bitcoin, and in the end of it,
• 6:35
  Speaker 3: I give a trade setup for both directions. So you
• 6:39
  Speaker 3: asked me about going up, I'm going to answer it
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  Speaker 3: both up and down. So whether people are watching it
• 6:43
  Speaker 3: now when they're bullish or they're bearish, what is the
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  Speaker 3: case for a big run up above one hundred K
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  Speaker 3: I'm going to start off with something I've been saying
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  Speaker 3: now for a long time. We are receiving weekly by signals.
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  Speaker 3: If you don't like my indicator here neuroway, which again
• 6:58
  Speaker 3: is very reliable historically, just take a look at the RSI,
• 7:01
  Speaker 3: take a look at the mac D, look at traditional
• 7:03
  Speaker 3: technical analysis, and you're gonna find extremely strong reasons bullish
• 7:08
  Speaker 3: divergence uptrending MACD, very strong reasons to say the weekly
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  Speaker 3: chart is suggesting a significant move up. Okay, even in
• 7:18
  Speaker 3: bear markets, we're talking about big big, big moves back
• 7:21
  Speaker 3: in twenty twenty two, when we had the same thing
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  Speaker 3: happen during the bear market. We had it happened twice
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  Speaker 3: in January and then again in June. Both of these
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  Speaker 3: moves were forty five percent moves to the upside. We're
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  Speaker 3: not talking about just a little rebound bound, trying about
• 7:36
  Speaker 3: a significant bullish move. Bitcoin could do the same thing here.
• 7:40
  Speaker 3: So the bullsh case starts with weekly by signals and
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  Speaker 3: then more specifically, there's two things I'm kind of watching
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  Speaker 3: to the upside to talk about where we could get
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  Speaker 3: over one hundred K. Number one, let's start off with
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  Speaker 3: this formation right here, this red flat line with ascending
• 7:56
  Speaker 3: green line. This is called an ascending triangle formation, and
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  Speaker 3: it has a breakout pattern predicting that we could make
• 8:02
  Speaker 3: our way all the way after this breakout, all the
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  Speaker 3: way back up to one hundred and eleven thousand almost.
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  Speaker 3: I'm gonna shorten it a little bit. That would kind
• 8:09
  Speaker 3: of take us back over to some of these highs
• 8:11
  Speaker 3: we had in January. If you're a bear right now,
• 8:13
  Speaker 3: you're like, oh, look at that almost a perfect looking
• 8:16
  Speaker 3: head and shoulders pattern. The other thing, I'm gonna say
• 8:18
  Speaker 3: a little bit lower than that. We're we're gonna come down.
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  Speaker 3: I would say the big target would be the two
• 8:22
  Speaker 3: hundred day moving average right there, currently sitting just below
• 8:26
  Speaker 3: one hundred and six thousand dollars, So let's call it
• 8:28
  Speaker 3: one hundred and five, give it a couple more weeks
• 8:31
  Speaker 3: to keep dropping. That's above one hundred thousand, right, That
• 8:35
  Speaker 3: is the case right now to say Bitcoin, even if
• 8:38
  Speaker 3: you're bearish, should make a move back to that two
• 8:40
  Speaker 3: hundred day I mean people need to remember back in
• 8:42
  Speaker 3: twenty way two. People are gonna reference this a whole lot.
• 8:45
  Speaker 3: I'm bullish. I think the twenty way six is gonna
• 8:47
  Speaker 3: be very bullish. But if you're a fan of twenty
• 8:49
  Speaker 3: twenty six being a bear market, go back over here
• 8:52
  Speaker 3: and take a look what we had going on during
• 8:55
  Speaker 3: this time. I just messed that up. Give me a second.
• 8:57
  Speaker 3: I'm gonna get back to it. I can't show the
• 8:58
  Speaker 3: weekly bicygnal. You don't have to trust me on this.
• 9:00
  Speaker 3: One weekly by signal comes in, we start to make
• 9:02
  Speaker 3: a move up. Where do we reject right at the
• 9:05
  Speaker 3: two hundred day moving average? After a forty five percent
• 9:08
  Speaker 3: increase in Bitcoin's price, then we fall flat to the downside.
• 9:12
  Speaker 3: So that's the case right now, for a big move
• 9:16
  Speaker 3: up in the next couple of weeks, next couple of months.
• 9:19
  Speaker 3: I want to turn this off though I told you
• 9:21
  Speaker 3: i'd give you a flip side. I say this in
• 9:22
  Speaker 3: my video so people can still watch this if they
• 9:24
  Speaker 3: want to. Some people are not necessarily agreeing though, with
• 9:28
  Speaker 3: this red trend line. It is. It is what a
• 9:31
  Speaker 3: lot of analysts are using right now. But I want
• 9:34
  Speaker 3: to give some credence to where we just touched here.
• 9:36
  Speaker 3: Let's clean this chart up. Let me get a different
• 9:38
  Speaker 3: chart real quickly and have this fixed a little bit.
• 9:41
  Speaker 2: There.
• 9:41
  Speaker 3: We got to get rid of that line. You can
• 9:43
  Speaker 3: see the green uptrend very very cleanly. What about this
• 9:46
  Speaker 3: line here? After now watching this, you kind of can say,
• 9:50
  Speaker 3: all right, that looks like an ascending level of resistance
• 9:54
  Speaker 3: right there. We've had a support resistance support now resistance
• 9:58
  Speaker 3: touch and if we keep down, if we do lose
• 10:01
  Speaker 3: that former horizontal level of resistance now turned support around
• 10:06
  Speaker 3: ninety four to four, it was that, and we start
• 10:09
  Speaker 3: hating backed on towards this green line, especially if you
• 10:12
  Speaker 3: make a breakdown below there. It's not as simple. Some
• 10:15
  Speaker 3: people are in to say Tim is that just a
• 10:17
  Speaker 3: fall a rising wedge pattern. A rising wedge pattern would
• 10:20
  Speaker 3: suggest a breakout all the way down here towards seventy
• 10:24
  Speaker 3: eight thousand dollars. It gets worse than that. If we
• 10:27
  Speaker 3: make a barest break right now below this green line,
• 10:30
  Speaker 3: I think you're actually possibly looking at a bear flag opportunity.
• 10:35
  Speaker 3: We're talking about a situation maybe where they do keep
• 10:39
  Speaker 3: kicking the regulatory bill of the Clarityact down the road.
• 10:43
  Speaker 3: We do see more tariffs come in, we see a
• 10:45
  Speaker 3: complete global fallout from things that the White House is doing,
• 10:50
  Speaker 3: things from further taking us towards World War III. All
• 10:53
  Speaker 3: of a sudden, that target becomes sixty two THO sixty
• 10:57
  Speaker 3: to sixty two thousand dollars. That's your super bear case scenario.
• 11:01
  Speaker 3: I tell people in my video how I plan on
• 11:03
  Speaker 3: trading it right, even though I'm giving I just give
• 11:06
  Speaker 3: you a bullshnario, give you a bear scenario. I'm gonna
• 11:08
  Speaker 3: be honest with people. I'm a bull. I think the
• 11:10
  Speaker 3: bullshnario is more likely, but I'm also a trader who
• 11:13
  Speaker 3: wants to make money. I'm not prideful about it. I
• 11:17
  Speaker 3: follow the trend. If I see a breakout blow that
• 11:19
  Speaker 3: green line. I'm turning bearish, but until that happens, I
• 11:22
  Speaker 3: still think a move above one hundred k is the
• 11:24
  Speaker 3: most likely scenario right now.
• 11:26
  Speaker 1: Well, if you look at Fear and Greed, it's holding
• 11:29
  Speaker 1: at neutral fifty. I mean, this is way up on
• 11:31
  Speaker 1: the chart from where we have been. Granted, ETH has
• 11:34
  Speaker 1: been trading pretty solidly, but it does hold us in
• 11:37
  Speaker 1: a position. Really all zoom in on that for everybody
• 11:39
  Speaker 1: to kind of see.
• 11:40
  Speaker 2: Where we were.
• 11:40
  Speaker 1: Remember we were at a ten right there, not too
• 11:43
  Speaker 1: long ago, so quite a bit different of where we
• 11:47
  Speaker 1: are now trading at fifty with a neutral When you
• 11:50
  Speaker 1: look at that, along with what is going on within
• 11:53
  Speaker 1: the ETH ecosystem, we're talking about Bitcoin, that could get
• 11:56
  Speaker 1: a reversal here.
• 11:58
  Speaker 2: Yeah, now, let's take a look at it.
• 12:00
  Speaker 1: I want to play a clip for you because this
• 12:02
  Speaker 1: is Tom Lee none other than he's got a new
• 12:04
  Speaker 1: strategy that may have.
• 12:06
  Speaker 2: A little influence on the eighth price. Take a look.
• 12:09
  Speaker 2: You got to explain this to everyone, including me.
• 12:12
  Speaker 5: Mister Beast is the number one content creator in the
• 12:15
  Speaker 5: world two order fifty two million views a month, which
• 12:17
  Speaker 5: is more than the Super Bowl, and really he is
• 12:20
  Speaker 5: probably the iconic person for gen z Jen Alpha and
• 12:23
  Speaker 5: arguably millennials, so he is probably one of the most
• 12:26
  Speaker 5: important creators in the world. Beast Industries is planning to
• 12:30
  Speaker 5: create a future platform of services which includes digital items
• 12:36
  Speaker 5: and even financial services, and that's really where a collaboration
• 12:40
  Speaker 5: between Beast Industries and bitmin will make sense.
• 12:44
  Speaker 2: So kind of getting it, kind of getting it? What
• 12:46
  Speaker 2: could you have done this with Salona?
• 12:48
  Speaker 5: Seventy percent of all tokenized assets are taking place on
• 12:52
  Speaker 5: Ethereum sin It's had one hundred percent uptime since inception,
• 12:55
  Speaker 5: the only smart contract platform to have never gone down.
• 12:59
  Speaker 1: All Right, so my question quickly, tim is can Tom
• 13:03
  Speaker 1: Beast his way through into Ethereum and is this a
• 13:08
  Speaker 1: deal or not? I mean, is this gonna make a
• 13:11
  Speaker 1: make a benefit other than just a you know, a
• 13:14
  Speaker 1: soaring etf.
• 13:15
  Speaker 3: That's a big win. It almost to me would make
• 13:19
  Speaker 3: more sense for mister Beast to partner with a Salona
• 13:22
  Speaker 3: than a Ethereum. But hey, if they got that deal,
• 13:24
  Speaker 3: that's a lot. I mean, we're talking about the technically
• 13:27
  Speaker 3: not the most viewed YouTube channel in the world. I
• 13:29
  Speaker 3: think there's like one or two people that technically have
• 13:31
  Speaker 3: more views, but he's the biggest YouTube figure for sure, for.
• 13:35
  Speaker 1: Sure, for sure, and you go to the chart on ethereum.
• 13:38
  Speaker 1: Right now, with all this, this is good good news
• 13:41
  Speaker 1: for both heath trading out of three K. Again, what
• 13:44
  Speaker 1: do you like and what do you don't like about
• 13:46
  Speaker 1: ethereum right.
• 13:47
  Speaker 3: Now, I'm still going to preface before I do my
• 13:50
  Speaker 3: two sided technical analysis. I want to preface this with
• 13:53
  Speaker 3: saying I believe we're gonna shoot to the upside right
• 13:57
  Speaker 3: I right now have trades in the long position looking
• 14:00
  Speaker 3: for move to the upside. Clearly, what you can see
• 14:03
  Speaker 3: happening right here is a symmetrical triangle. Unlike bitcoin, Bitcoin
• 14:07
  Speaker 3: had a flat level of resistance during the same timeframe.
• 14:10
  Speaker 3: There's clearly a decline of resistance. But eth is still
• 14:12
  Speaker 3: seeing didn't mean to draw there. Eth is still seeing
• 14:15
  Speaker 3: a high or low situation going on a rising level
• 14:18
  Speaker 3: of support. And what you do with this formation, you
• 14:21
  Speaker 3: would take the opening. I'm actually gonna not go to
• 14:24
  Speaker 3: this one. I'm gonna take the opening right here and
• 14:26
  Speaker 3: be a little more conservative here because technically this formation
• 14:29
  Speaker 3: started with this support touchdown here, so I got to
• 14:31
  Speaker 3: come up to the next level of resistance. This break
• 14:34
  Speaker 3: up to the upside would send ethereum in the short term,
• 14:37
  Speaker 3: similar to what I said with Bitcoin going to like
• 14:39
  Speaker 3: one hundred k, sorry, one hundred and five to one
• 14:42
  Speaker 3: hundred and ten k, this was set ethereum up towards
• 14:45
  Speaker 3: the four thy three hundred, It would be the target
• 14:48
  Speaker 3: right there. I think if you wanted to be looking
• 14:50
  Speaker 3: for a little bit more particular level, I would be
• 14:53
  Speaker 3: a fan of using Fibonacci right here and say, hey,
• 14:55
  Speaker 3: are we really close to something actually kind of sticks
• 14:57
  Speaker 3: right there? Platinum pocket at forty three hundre Golden pocket,
• 15:01
  Speaker 3: just keep an eye on that one as well. Just
• 15:03
  Speaker 3: below four thousand and thirty nine sixty give or take,
• 15:06
  Speaker 3: is where the golden pocket is sticking. That's my short
• 15:08
  Speaker 3: term bullish scenario before all time high conversations for ethereum.
• 15:12
  Speaker 3: But on the same breath, what happens if this ends
• 15:18
  Speaker 3: up being a false breakout Right here right you can
• 15:21
  Speaker 3: clearly see that ethereum broke above resistance, and I love
• 15:24
  Speaker 3: what I'm seeing right here. If we can sustain this bullishness,
• 15:26
  Speaker 3: a retest of that resistance level of support would be
• 15:29
  Speaker 3: very bullish. But let's pretend, because I always like to
• 15:31
  Speaker 3: be aware if I'm wrong, Let's pretend we lose this
• 15:34
  Speaker 3: red line, we drop back in, and then we lose
• 15:36
  Speaker 3: this green support level as well. You know, some people
• 15:40
  Speaker 3: say conservative here, and let's just take this exact same level.
• 15:43
  Speaker 3: We'll move it down low. We're talking about the ethereum
• 15:45
  Speaker 3: drop to twenty two hundred dollars, right, that's a very
• 15:48
  Speaker 3: conservative level. I probably, if I enter a short, would
• 15:50
  Speaker 3: take profit at that level. But once again, you're looking
• 15:53
  Speaker 3: a little bit more aggressively here and saying, man, could
• 15:55
  Speaker 3: this be a bare flag of its own? Right? A
• 15:58
  Speaker 3: big move down paired with a symmetrical triangle pattern. We're
• 16:02
  Speaker 3: talking about a move down here all the way to
• 16:05
  Speaker 3: seventeen eighty one, let's call it eighteen hundred, back towards
• 16:08
  Speaker 3: support levels we had in April of twenty five, pretty much.
• 16:12
  Speaker 3: But in a nutshell, that's the barest scenario. I still
• 16:15
  Speaker 3: think this is the more likely, right. If anyone is
• 16:17
  Speaker 3: asking Tim, what do you think is gonna happen? I
• 16:19
  Speaker 3: think that's more likely. But I'm again, I'm watching the charts,
• 16:22
  Speaker 3: I'm reading everything. I still like this. I still like
• 16:26
  Speaker 3: what I'm seeing on the weekly chart right now. With
• 16:29
  Speaker 3: our oscillators. They still make me feel like a big
• 16:31
  Speaker 3: boom is coming to the upside. But I'm prepared for
• 16:34
  Speaker 3: both scenarios. We are absolutely right now with bitcoin and ethereum,
• 16:38
  Speaker 3: and you can look at almost any ALTCRN. Now we
• 16:40
  Speaker 3: are in decision crunch moment. Do we break these resistance levels,
• 16:44
  Speaker 3: do we confirm support and make bigger moves the upside,
• 16:47
  Speaker 3: or do we lose the support and all of a sudden,
• 16:49
  Speaker 3: you're looking at some blood. You're looking at a pretty
• 16:51
  Speaker 3: gnarly pullback for a lot of these points.
• 16:54
  Speaker 1: Yeah, listen, Maddick was making some moves being Polygon and
• 16:58
  Speaker 1: they were reportedly laid off thirty percent of their employees,
• 17:01
  Speaker 1: started to reposition their entire infrastructure, a lot of new
• 17:05
  Speaker 1: stuff happening with them, and of course we saw the
• 17:07
  Speaker 1: token moving up and down Polygon.
• 17:10
  Speaker 2: What do you like this token?
• 17:11
  Speaker 1: Because this thing has been was depressed, had a nice
• 17:14
  Speaker 1: run here over the past week or so.
• 17:17
  Speaker 2: What do you think you know?
• 17:19
  Speaker 3: I've been on your show before. We were talking about
• 17:21
  Speaker 3: this a little bit before we went live. I've been
• 17:23
  Speaker 3: here before telling you I'm out on Polygon formally known
• 17:26
  Speaker 3: as MADIC. I still like to look at the MADIC
• 17:28
  Speaker 3: chart because I like the chart history of it if
• 17:30
  Speaker 3: I ever get asked about it. But I'm gonna sing
• 17:32
  Speaker 3: a little bit of a different tune than I've sung
• 17:34
  Speaker 3: in a while. I'm actually back in on Polygon formally
• 17:38
  Speaker 3: known as Madic, and the reason why is because the flash,
• 17:42
  Speaker 3: the flash that's happening on the price charts is not
• 17:45
  Speaker 3: just this dead cat bounce careless djen traders who said, oh,
• 17:50
  Speaker 3: this coins down a million miles, let me just take
• 17:53
  Speaker 3: a swing on it. The pumps came from fundamental changes
• 17:57
  Speaker 3: that the Polygon team is working on to change vision
• 18:01
  Speaker 3: for what the coin's gonna do. I made a video
• 18:03
  Speaker 3: on this last week and talked about the fundamental things
• 18:06
  Speaker 3: that are happening right now with their team and the
• 18:09
  Speaker 3: change to a more payment based system, the new adoption
• 18:12
  Speaker 3: that's coming in. Again, we're not just talking about an
• 18:13
  Speaker 3: increase in trading volume. We've seen an increase in use
• 18:16
  Speaker 3: case of the token and an increase of just overall
• 18:20
  Speaker 3: like metrics. And so when you say this thing, oh,
• 18:23
  Speaker 3: they just laid off, you know, thirty percent of their staff,
• 18:25
  Speaker 3: some people look at that as a bad thing. In
• 18:27
  Speaker 3: the stock world. I know it doesn't work its way
• 18:28
  Speaker 3: perfect and crypto, but in the stock world.
• 18:30
  Speaker 2: That's good.
• 18:30
  Speaker 3: It's actually good for a stock when people lay off.
• 18:33
  Speaker 3: And in this case, the reason I think it's good
• 18:35
  Speaker 3: is because it's communicating their complete change in vision direction.
• 18:39
  Speaker 3: They're laying off staff that will be worthless in the
• 18:43
  Speaker 3: future because they won't be doing anything important. So this
• 18:46
  Speaker 3: allows them to save and spend money money in a
• 18:48
  Speaker 3: better way. They can hold more of their own token,
• 18:50
  Speaker 3: not to sell as much to pay salaries and everything.
• 18:53
  Speaker 3: You can see, big, big, big break to the upside.
• 18:56
  Speaker 3: I'm not surprised that we have a pullback here. I
• 18:59
  Speaker 3: mean within just a little over one week they saw
• 19:03
  Speaker 3: an almost a ninety percent increase to the upside. We
• 19:06
  Speaker 3: kind of called this on our channel, even that video
• 19:08
  Speaker 3: Watch for Reversals. I mean, we saw a bunch of
• 19:10
  Speaker 3: rejection coming in. You see all this daily chart there,
• 19:13
  Speaker 3: looks like a little bit of a pullback. I told
• 19:14
  Speaker 3: our community, Hey, look for a kattha woe one, look
• 19:18
  Speaker 3: for a pullback. Let's look at the FIBONACI here. This
• 19:21
  Speaker 3: this kind of just screams to me, we probably want
• 19:23
  Speaker 3: to pull back fifty percent of this move. Well, guess
• 19:26
  Speaker 3: what we're all right now? I predicted thirteen point five
• 19:30
  Speaker 3: cents would be an area to watch. Here, we're almost
• 19:33
  Speaker 3: back to that level again. I just show you that
• 19:35
  Speaker 3: daily chart. Daily oscillators definitely told you, hey, take some
• 19:38
  Speaker 3: profit slash look for a short position. But guess what's
• 19:40
  Speaker 3: happening out in the weekly chart. The mac D just
• 19:43
  Speaker 3: crossed bullish right here after trending that direction. I mean
• 19:46
  Speaker 3: a boatload of bullish divergence coming in there on my
• 19:50
  Speaker 3: osc lator the neurowave. While we haven't gotten a full actually,
• 19:54
  Speaker 3: I think if I zoom in there, actually no, we
• 19:55
  Speaker 3: have a full little biasting right there. We have the
• 19:58
  Speaker 3: green dot. We have positive money flow here. Go back
• 20:00
  Speaker 3: and look at the last times. We're not talking about
• 20:02
  Speaker 3: anything pretty, but last couple of times we've gotten this
• 20:04
  Speaker 3: bullsh by signal. We've seen decent bounces for Polygon this time, though,
• 20:09
  Speaker 3: the big questions be can we break the former high?
• 20:13
  Speaker 4: Right?
• 20:13
  Speaker 3: We have been in a down trend officially. You can
• 20:16
  Speaker 3: definitely say since February twenty three. I'd make an argument
• 20:19
  Speaker 3: since January twenty two, so this one not even ever
• 20:21
  Speaker 3: close to new all time high since the Bearemarcket started.
• 20:24
  Speaker 3: But all you got to do to change that trend
• 20:26
  Speaker 3: is just break above this line right here, the high
• 20:30
  Speaker 3: from back in August. We just need to get back
• 20:32
  Speaker 3: above thirty cents. And Polygon has some fresh life. The
• 20:36
  Speaker 3: fundamentals have fresh life. Can the charts get fresh life?
• 20:39
  Speaker 3: All of a sudden? This is completely different coin?
• 20:41
  Speaker 1: Yeah, yeah, well it's a different you know, it's a
• 20:44
  Speaker 1: different day now. I think maybe they get a little
• 20:46
  Speaker 1: bit of a flight underneath them. You have some other
• 20:49
  Speaker 1: things going on right now. First of all, do you think, well,
• 20:52
  Speaker 1: let's compare Solana first, because they had some news. Interactive
• 20:55
  Speaker 1: Brokers now another big partner as twenty four to seven
• 20:58
  Speaker 1: funding with USDC on Solana. They also IBK are also
• 21:02
  Speaker 1: added RLUSD with Ripple. So the key is is this
• 21:06
  Speaker 1: is traditional finance all moving in. Do you think Solana
• 21:10
  Speaker 1: is in the right spot right now? And which would
• 21:13
  Speaker 1: you trade Ethereum or Solana today?
• 21:17
  Speaker 3: I just to actually just tagle this question this week
• 21:20
  Speaker 3: with a video that just went out yesterday. I want
• 21:23
  Speaker 3: to say, sometimes my videos like forget which ones go
• 21:25
  Speaker 3: out and which days. So I think I told you,
• 21:28
  Speaker 3: I think I spoiled this on your Guys show last week.
• 21:31
  Speaker 3: Solana is my top choice for all coins. Does it
• 21:34
  Speaker 3: mean that I think it's my biggest gainer, right. I
• 21:36
  Speaker 3: think some other coins with smaller market caps can have
• 21:38
  Speaker 3: bigger potential returns. I think in the video I made yesterday,
• 21:42
  Speaker 3: I talked about a potential three two four x is
• 21:46
  Speaker 3: what I'm looking at for Solana in twenty twenty six.
• 21:49
  Speaker 3: There's a chance he goes higher than that, but it's
• 21:51
  Speaker 3: what I'm watching. One of the biggest reasons why is
• 21:53
  Speaker 3: because Solana already has a decent sized market cap, sitting
• 21:56
  Speaker 3: close to ninety billion dollars. I'm talking about it getting
• 21:59
  Speaker 3: somewhere between two point fifty to three hundred and fifty
• 22:02
  Speaker 3: billion dollars before the end of the year major wins,
• 22:05
  Speaker 3: And in the video I talked about my reason why
• 22:08
  Speaker 3: is because, to be fair, like you just said, Ethereum
• 22:10
  Speaker 3: still has a lot of relationships with institutions. That's not
• 22:13
  Speaker 3: a surprise. We always knew Ethereum was going to be
• 22:16
  Speaker 3: a sweetheart to the institutional family Solana. If you asked
• 22:21
  Speaker 3: me this six months ago, will Solana be attracted to institutions,
• 22:26
  Speaker 3: I would have said, yeah, maybe they'll start an ETF.
• 22:29
  Speaker 3: Maybe you'll see some institutions dabble with like a company
• 22:33
  Speaker 3: creating ETFs or a mean coin on Solana just to
• 22:36
  Speaker 3: excite their community. I would have never guessed that Solana
• 22:40
  Speaker 3: would actually be a serious contender for real tokenized assets
• 22:44
  Speaker 3: being used by banks, by financial institutions, And yet here
• 22:48
  Speaker 3: we are. So they don't have to outpace Ethereum. They
• 22:51
  Speaker 3: don't have to have more than fifty percent of tokenized
• 22:53
  Speaker 3: assets to be a bigger thing than Ethereum. I think
• 22:56
  Speaker 3: the fact that their foot's even in the institutional world
• 23:00
  Speaker 3: is a big deal. And the reason why is because
• 23:02
  Speaker 3: until Ethereum fixes what they have going on, Solana is
• 23:05
  Speaker 3: faster and it's cheaper, and if the big boys are
• 23:08
  Speaker 3: trusting it to operate, Ethereum better watch out. I'm not
• 23:11
  Speaker 3: saying Etherem's gonna crash. I'm not saying Ethereum will get deep,
• 23:14
  Speaker 3: you know, kicked out of number two spot. But I
• 23:16
  Speaker 3: think Solana is gonna be a whole lot more competitive
• 23:19
  Speaker 3: than I thought it even would have been six months ago.
• 23:21
  Speaker 1: Well, if you look at the poll you guys ran
• 23:25
  Speaker 1: Shroom put up there, I mean it's kind of split
• 23:27
  Speaker 1: right now. Will Solana be the top chain, you know
• 23:30
  Speaker 1: for tokenization between ether and Solana kind of split right now?
• 23:34
  Speaker 2: On whether or not that's going to happen. And if
• 23:36
  Speaker 2: you do, look at.
• 23:38
  Speaker 1: The fact that we could see institutions start to play
• 23:41
  Speaker 1: in the Salona playground.
• 23:42
  Speaker 2: There are some unique elements.
• 23:44
  Speaker 1: With Solana that are quite a bit different than Etheroeum,
• 23:46
  Speaker 1: so exactly that in itself.
• 23:48
  Speaker 2: Is a big deal. How would I trade this? Though?
• 23:50
  Speaker 2: Right now?
• 23:51
  Speaker 1: If you look at the chart on Solana, we just
• 23:53
  Speaker 1: showed it a little bit. What would your chart show
• 23:55
  Speaker 1: for Solana? Should I enter a trade or not?
• 23:59
  Speaker 3: Yeah, I mean so that's kind of what we tend
• 24:01
  Speaker 3: that video right there. I mean, the best time to
• 24:03
  Speaker 3: have entered a trade was back here when we retouched
• 24:06
  Speaker 3: this support zone back at one hundred and nineteen hundred
• 24:09
  Speaker 3: and twenty dollars. Right, So this is where we got
• 24:11
  Speaker 3: into it here a couple of weeks ago. If you're
• 24:14
  Speaker 3: looking forward though, you're still liking what you're seeing here,
• 24:16
  Speaker 3: I'll show you that. I told you're gonna see this
• 24:17
  Speaker 3: on almost every chart. Mac D's bullsh RSIs bullish. My
• 24:22
  Speaker 3: neurowave great bullish bi signal right there. I put a
• 24:26
  Speaker 3: couple of different levels here. You know, I do plan
• 24:28
  Speaker 3: on taking some profit around one hundred and ninety dollars,
• 24:31
  Speaker 3: This is going to be a pretty significant Fibonacci level.
• 24:34
  Speaker 3: That's the golden pocket of retlacement right there. So that's
• 24:38
  Speaker 3: something I'm watching. Think Bitcoin to one hundred and five
• 24:42
  Speaker 3: to one hundred and ten K is the concept of
• 24:44
  Speaker 3: if we reject and put a lower high on Bitcoin,
• 24:47
  Speaker 3: we probably put it a lower high on Salona as well.
• 24:49
  Speaker 3: And that's where that one hundred ninety is coming into
• 24:51
  Speaker 3: my opinion. If we break above though, if we start
• 24:53
  Speaker 3: hitting you all time highs. You know, I do all
• 24:55
  Speaker 3: this in the video. I still encourage people go watch it,
• 24:57
  Speaker 3: give it a like help me out in the algora
• 25:00
  Speaker 3: them there, But I'm gonna do some some goodwill you
• 25:02
  Speaker 3: know here and tell you guys my levels here. Four
• 25:06
  Speaker 3: hundred dollars is the next significant Fibonacci extension level. Whenever
• 25:10
  Speaker 3: you look at whenever you get into price discovery mode,
• 25:12
  Speaker 3: I always love to pull up Fibonacci extension and you're
• 25:15
  Speaker 3: gonna find this can help you a lot. Like back here,
• 25:18
  Speaker 3: we knew that a top four Solana would probably be
• 25:21
  Speaker 3: in somewhere between two fifty two three oh seven based
• 25:25
  Speaker 3: on these Fibonacci levels. Get rid of that real quickly,
• 25:27
  Speaker 3: look at where Solana rejected those next two times two
• 25:31
  Speaker 3: fifty and three hundred. So Fibinaci extension very important for
• 25:36
  Speaker 3: price discovery mode when looking at this stuff, where are
• 25:39
  Speaker 3: those levels coming in? One point two seven two is
• 25:42
  Speaker 3: coming at four hundred, Golden pockets coming in at six hundred,
• 25:45
  Speaker 3: and I put a thurbine out there for I don't
• 25:47
  Speaker 3: think it's gonna happen necessarily in twenty way six for sure,
• 25:50
  Speaker 3: But then we have a raging bull market. Don't cut
• 25:52
  Speaker 3: out one thousand dollars for Slana. We're talking about a
• 25:54
  Speaker 3: five hundred and sixty ishillion dollar market cap. That's a
• 25:59
  Speaker 3: tall tale. I'm I'm not saying I'm holding to it.
• 26:01
  Speaker 3: I'm a bigger fan of four hundred and six hundred
• 26:03
  Speaker 3: right now as it stands, but I won't I wouldn't
• 26:06
  Speaker 3: be surprised if the bull run takes off like crazy
• 26:09
  Speaker 3: and goes to one thousand. I just might not wait
• 26:11
  Speaker 3: for it to take profit.
• 26:13
  Speaker 1: Man, Tim, I feel you you are back in the game.
• 26:16
  Speaker 1: Apparently you're you're giving some price predictions there now.
• 26:20
  Speaker 2: I'm gonna say, yeah, thousand.
• 26:22
  Speaker 1: Dollars a little bit of a reach for me, right
• 26:24
  Speaker 1: right under the current situation.
• 26:26
  Speaker 3: Yes, exactly. The current situation makes that a little bit unrealistic.
• 26:31
  Speaker 3: And I said my video, I tell people more than
• 26:34
  Speaker 3: likely that four hundred and six hundreds more realistic as
• 26:36
  Speaker 3: a stare stepper to a continued bull run. Right, you know,
• 26:39
  Speaker 3: I think about this. If we're right that twenty twenty
• 26:41
  Speaker 3: six is bullish, that's the last argument, Right, If twenty
• 26:44
  Speaker 3: twenty six is bullish, that's the last argument against the
• 26:47
  Speaker 3: four year cycle. It's done, in which case, why couldn't
• 26:50
  Speaker 3: twenty twenty seven be bush? In fact, I'd make the
• 26:52
  Speaker 3: argument if twenty twenty six is bullish, now there's a
• 26:55
  Speaker 3: great light that twenty twenty seven is bullsh as well.
• 26:58
  Speaker 3: And then it's something after a ridiculous the overpriced economy.
• 27:01
  Speaker 3: Then you have pullbacks later on. My realistic thought process
• 27:05
  Speaker 3: is four hundred to six d and twenty way six
• 27:08
  Speaker 3: and then look for one thousand sometime in twentywy seven
• 27:12
  Speaker 3: in an extended bull run. But if we don't get
• 27:14
  Speaker 3: this stuff happening, if we don't see a bull run
• 27:16
  Speaker 3: extend again one ninety, I'm I'm taking some profitent one
• 27:20
  Speaker 3: ninety and I want to watch. Do we get the
• 27:22
  Speaker 3: breakthrough or do we reject? Then I make a lot
• 27:25
  Speaker 3: of other decisions about my portfolio.
• 27:28
  Speaker 2: All right, Well, there you have it, guys.
• 27:29
  Speaker 1: Tim is on Solana as this number one token I
• 27:32
  Speaker 1: feel like right now, so a big one for sure.
• 27:35
  Speaker 1: Hey Tim, it was great having you in. Thanks a
• 27:36
  Speaker 1: lot for jumping into the show today.
• 27:38
  Speaker 3: Absolutely, Paul, thanks for having me again.
• 27:47
  Speaker 1: If you like this video, hit like and subscribe, drop
• 27:49
  Speaker 1: a comment down below, and also join our free private
• 27:52
  Speaker 1: member group.
• 27:53
  Speaker 2: The link is in the description.