Latest / The Paul Barron Crypto Show / Surprise Weekend Rally?📈Technical Analysis with Tim Warren
Transcript
- 0:00Speaker 1: All right, today, let's break it down. Are we in
- 0:02Speaker 1: for a weekend rally? Today? We'll break it down for you.
- 0:05Speaker 1: I think you're gonna love it. We're gonna have a
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- 1:00Speaker 1: I do want to thank Tim Warren for coming in today,
- 1:03Speaker 1: and by doing that, I got to bring in this
- 1:06Speaker 1: point right here. If you're not following Tim's channel, go
- 1:09Speaker 1: over to YouTube right now Tim Warren Trades. Get over
- 1:12Speaker 1: there and subscribe to Tim. He's got a ten thousand
- 1:16Speaker 1: dollars crypto portfolio that I want to see how that
- 1:19Speaker 1: worked out for you. That's a six month old video.
- 1:21Speaker 1: Did it work out for you?
- 1:22Speaker 2: Well?
- 1:23Speaker 3: I mean long term, not short term, right. I think
- 1:25Speaker 3: probably all of our stop losses got hit there. But
- 1:27Speaker 3: that's a good lesson as well. Did that stop losses
- 1:30Speaker 3: get out when things are bad and make money long
- 1:33Speaker 3: term that way too.
- 1:34Speaker 1: There you go, Tim. A lot happening in the market
- 1:37Speaker 1: right now. Obviously, PPI comes in striking again. January PPI
- 1:42Speaker 1: came in higher than expected two point nine versus two
- 1:45Speaker 1: point six. This means core inflation is heating up. And man,
- 1:52Speaker 1: this is I look at this, and I also and
- 1:55Speaker 1: we'll show some stuff here on true inflation later. But
- 1:58Speaker 1: I look at this, and then I look at where
- 2:00Speaker 1: the FED has been and you almost it's like the
- 2:04Speaker 1: data has not been there or has it? And the
- 2:07Speaker 1: FED has been I just don't know what to think anymore.
- 2:09Speaker 1: The amount of data, you know, rubber band whip sawing
- 2:13Speaker 1: that we're seeing around inflation and jobs is insane. So
- 2:18Speaker 1: this of course will have an impact on bitcoin, which
- 2:21Speaker 1: bitcoin is now threatened under a new breakdown. Obviously it
- 2:25Speaker 1: was the PPI sends gold up right now when you
- 2:28Speaker 1: look at the chart on bitcoin, Tim, and you because
- 2:32Speaker 1: you and I were talking about this last week, there
- 2:34Speaker 1: were some opportunities. Gareth was on this week. He was
- 2:37Speaker 1: calling for an eighty five Where do you stand right
- 2:40Speaker 1: now on bitcoin?
- 2:42Speaker 3: Yeah, I mean so people hate my answer when I
- 2:45Speaker 3: give this stuff. I'm almost always in a could up,
- 2:48Speaker 3: could go down situation. Right If you're a chartist and
- 2:50Speaker 3: you're studying the probability, you are aware there is a
- 2:53Speaker 3: non zero probability of a bull run, There's a non
- 2:55Speaker 3: zero probability of a bearish crash any moment. We're in
- 2:59Speaker 3: the very midst of something right now that it really
- 3:02Speaker 3: is easy to say it could go either way. So
- 3:04Speaker 3: this is why I like to deal with if then
- 3:06Speaker 3: statements and people I say, Tim, if you're constantly saying
- 3:08Speaker 3: could go up, could go down, how do you make money,
- 3:10Speaker 3: because when you have if then statements, you buy if
- 3:14Speaker 3: X happens, you sell if Y happens. And right now
- 3:18Speaker 3: I will say I'm probably leaning towards a move up.
- 3:22Speaker 3: My most recent analysis has said somewhere in seventy four
- 3:26Speaker 3: to eighty thousand is a spot that I think is
- 3:28Speaker 3: very interesting. But I don't think that means the bottom
- 3:32Speaker 3: is in just yet. I still have been saying now
- 3:34Speaker 3: for over a month now, fifty three thousand dollars is
- 3:38Speaker 3: a very interesting level that people don't want that. Bulls
- 3:42Speaker 3: don't want to mention it. Bulls want to always say
- 3:44Speaker 3: the bottom is in. But we need to acknowledge the
- 3:48Speaker 3: high level of support at fifty three thousand, and also
- 3:51Speaker 3: understand that we're in a highly manipulated class right now.
- 3:54Speaker 3: I mean this is being exposed with the whole Jane
- 3:56Speaker 3: Street thing that just came out was the hot news
- 3:58Speaker 3: for twenty four hours.
- 3:59Speaker 2: There.
- 4:00Speaker 3: They're not the first manipulators, they won't be the last manipulators.
- 4:04Speaker 3: I still think there's a lot of head fakes ahead
- 4:06Speaker 3: of us. But with all that being said, I still
- 4:08Speaker 3: think there's a chance that we could make a move
- 4:10Speaker 3: between seventy four to eighty k you said somebody else.
- 4:13Speaker 3: Garris always said maybe eighty five. I'll say this, and
- 4:17Speaker 3: Gareth is brilliant techno analyst. If we get above eighty K,
- 4:21Speaker 3: and I can explain this to the audience. If we
- 4:23Speaker 3: get above eighty K, I'll start to genuinely ask the
- 4:26Speaker 3: question if the bottom is in. But I don't think
- 4:29Speaker 3: it's going to happen. I think we might hit our
- 4:30Speaker 3: hands on eighty k and drop once more to three.
- 4:35Speaker 1: Well, to your point, there's a lot of interesting news
- 4:38Speaker 1: in the market. Many people might say, well, you look
- 4:41Speaker 1: at the fud flow that comes out. Here was Zach
- 4:44Speaker 1: Pandell coming in from Grayscale, New York. This is the
- 4:47Speaker 1: New York Times op ed on clarity. It would allow
- 4:50Speaker 1: small crypto companies to pitch themselves to ordinary investors without
- 4:54Speaker 1: any consumer protection. In fact, it's exactly the opposite. So
- 4:57Speaker 1: you got the New York Times going in and futting this.
- 5:01Speaker 1: Right here, crypto is pointless. Not even the White House
- 5:03Speaker 1: can fix it. So again, this could be because the
- 5:06Speaker 1: White House is and has been very high in terms
- 5:11Speaker 1: of urgency and also the checklist of getting things done.
- 5:16Speaker 1: Crypto of course relies into that. I want to play
- 5:18Speaker 1: a clip for you, because this is an interesting one
- 5:22Speaker 1: that goes into Mike McLoone who's been you know, I
- 5:26Speaker 1: know he's been on a variety of different crypto Traders shows.
- 5:30Speaker 1: For the most point, he's been kind of neutral on crypto.
- 5:33Speaker 1: But this is a little different. Take a look.
- 5:36Speaker 4: Is there a point where, you know, if bitcoin falls
- 5:39Speaker 4: to sub fifty sub forty, some thirty, some twenty sub ten,
- 5:44Speaker 4: is there a point where it no longer is an
- 5:47Speaker 4: asset anymore that anyone wants to hold.
- 5:50Speaker 2: I mean, Mike just said, do you think the asset
- 5:52Speaker 2: class is over?
- 5:52Speaker 1: Is that what I heard?
- 5:54Speaker 5: So I think for now the acid class is broken.
- 5:57Speaker 5: And I showed you a key reason why. When you
- 5:59Speaker 5: were a risk man in and you see three years
- 6:01Speaker 5: of way underperforming acid versus Beta, that takes something significant
- 6:06Speaker 5: to recover that the story everybody told was wrong. The
- 6:09Speaker 5: launch of the ets. Everybody's purchased those ETFs on averages
- 6:12Speaker 5: all underwater. So that's a broken acid class. Everything we
- 6:15Speaker 5: need to see something happen. If it's say bitcoins dropping
- 6:18Speaker 5: to those levels in stock markets leading the way, okay,
- 6:22Speaker 5: well that might be signed to divert distinct. For right now,
- 6:24Speaker 5: this leading risk asset that has you know, this massive
- 6:28Speaker 5: tons of cryptos. It's hard to keep tracking us leading
- 6:30Speaker 5: the way up, announced leading the way down. I say
- 6:33Speaker 5: stick with the trend. Respect it sell rallies until proven wrong. Yeah,
- 6:38Speaker 5: imagine how bad sentiment would be here for trading at
- 6:40Speaker 5: sixty five in October.
- 6:42Speaker 4: Just the fact that you know, we only pulled back
- 6:44Speaker 4: to sixty just between sixty and seventy and sentiment was
- 6:47Speaker 4: worse than it was in the last poor market.
- 6:50Speaker 2: That says a lot.
- 6:53Speaker 1: Yeah, it does say a lot. Sentiment is down probably
- 6:56Speaker 1: to the lowest I've seen it in quite some time.
- 6:58Speaker 1: A lot of our indicators can pointing that direction. Then
- 7:01Speaker 1: you have get go on here talking about bitcoin dominance
- 7:05Speaker 1: is on the brink of a total collapse. What do
- 7:08Speaker 1: you think happens to all when this happens. Yes, we're
- 7:10Speaker 1: gonna see some pretty interesting things going on. But when
- 7:14Speaker 1: you look at the bitcoin dominance right now on the chart, tim,
- 7:17Speaker 1: is there anything there that would give you maybe some
- 7:22Speaker 1: at least upside for all coins or do you feel
- 7:24Speaker 1: that the market sentiment is just too low for it
- 7:26Speaker 1: to really impact alts in general?
- 7:30Speaker 3: I think when you look at the bitcoin dominus chart.
- 7:32Speaker 3: Here's what I'll say. If Bitcoin collapses, and that's why
- 7:35Speaker 3: bitcoin do chart collapses, We're in.
- 7:38Speaker 2: A whole new world.
- 7:39Speaker 1: Yeah, that's only the.
- 7:40Speaker 3: Reasons in the past bitcoin dominance has ever fallen off
- 7:42Speaker 3: of a cliff. Go back to the last two all
- 7:45Speaker 3: coin seasons. Go back to January of twenty twenty one,
- 7:47Speaker 3: where Bitcoin took like thirty days to pull back while
- 7:50Speaker 3: all coins went berserk, but effectively Bitcoin's rally was falling
- 7:53Speaker 3: from over same thing. Go back to February of twenty seventeen.
- 7:57Speaker 3: Bitcoin paused for a week or two, but it continued massively.
- 8:01Speaker 2: In a rally.
- 8:02Speaker 3: It was just all coins massively outpaced it. What I'm
- 8:04Speaker 3: kind of looking at right now when I look at
- 8:06Speaker 3: extremely boring and sideways bitcoin dominance is a whole group
- 8:10Speaker 3: of the all coins never had their run right, So
- 8:12Speaker 3: we didn't collapse down to probably what we should have done,
- 8:15Speaker 3: somewhere closer to fifty or lower percent. We didn't make
- 8:18Speaker 3: that move, and there's still manipulation and price to the
- 8:22Speaker 3: downside for Bitcoin.
- 8:23Speaker 2: But all coins.
- 8:25Speaker 3: I won't be surprised if all coins don't really drop
- 8:28Speaker 3: that much more compared to Bitcoin. I think there could
- 8:30Speaker 3: be a small amount of time where the bitcoin dominance
- 8:33Speaker 3: and bitcoin price chart continues to slightly move down. But
- 8:36Speaker 3: I think a serious crash. I think if we see
- 8:39Speaker 3: a big drop on bitcoin dominance, what that will more
- 8:42Speaker 3: than likely be is something along the lines of Bitcoin
- 8:45Speaker 3: is paused or just barely rallying. And all coins and
- 8:50Speaker 3: don't think coin number four hundred and seventy nine, think ethereum,
- 8:54Speaker 3: think XRP, think binance coin, think chain link. They start
- 8:58Speaker 3: to get these really adopted use cases that make the
- 9:01Speaker 3: investment in them go berserk while Bitcoin stay stagnant. More
- 9:05Speaker 3: than likely if you go back to show my chart
- 9:07Speaker 3: one more time, though, I don't think we're going to
- 9:09Speaker 3: enter where we are right now and drop. I think
- 9:12Speaker 3: what you'll see as an emergence where stuff comes back bullish,
- 9:15Speaker 3: just comes back to crypto via more than likely ETFs
- 9:18Speaker 3: and institutions. You'll probably see bitcoin dominants rally first and
- 9:22Speaker 3: then fall off the cliff, right. I don't think we'll
- 9:25Speaker 3: go from bear market to bitcoin dominance collapse. You'll have
- 9:28Speaker 3: bitcoin surge and then you'll have people come behind and say, okay,
- 9:31Speaker 3: now let's go invest in the ethereums and xrps and
- 9:33Speaker 3: chain links and so on and so forth.
- 9:35Speaker 1: Well, and to your point is that this is going
- 9:37Speaker 1: to coalesce around some of the blue chip tokens. The
- 9:40Speaker 1: difference also is the amount of liquidity that would pour
- 9:43Speaker 1: into those versus being you know, distributed out across the top,
- 9:47Speaker 1: say one point fifty that we have seen in the past,
- 9:50Speaker 1: you know, in past all coin markets, especially twenty one
- 9:53Speaker 1: and twenty seventeen both responded that way, which is why
- 9:57Speaker 1: we really never saw blowoff tops on ethereum, which everybody
- 10:01Speaker 1: was anticipating. So I think he might be onto something
- 10:04Speaker 1: there potentially.
- 10:06Speaker 3: Yeah, though I've followed Mike McLoone for a while now,
- 10:10Speaker 3: again a very smart man. I think people are wise
- 10:13Speaker 3: to listen to him and understand his thinking. I do
- 10:16Speaker 3: want to remind people, though, Mike mcglohone was calling for
- 10:18Speaker 3: sub three thousand dollars back in twenty twenty two, So
- 10:22Speaker 3: this is not a man who has called the market perfectly.
- 10:24Speaker 3: In a bear market, if you're a bearish person, you
- 10:26Speaker 3: look brilliant. If you're bullish, you look like an idiot.
- 10:29Speaker 3: But in a bull market, bulls look brilliant and the
- 10:31Speaker 3: bears look like idiots. I think my takeaway is not
- 10:35Speaker 3: saying Mike mcloone's an idiot. My takeaway from listening to
- 10:37Speaker 3: him say that is further proof nobody in the world
- 10:41Speaker 3: right now knows perfectly where the bottom and when the
- 10:44Speaker 3: bottom is going to be. We're using the best analysis
- 10:48Speaker 3: we can to try to guesstimate. But at the end
- 10:50Speaker 3: of the day, it really comes down to every person
- 10:52Speaker 3: watching this video, where are your convictions. Do you believe
- 10:55Speaker 3: bitcoin is a dead asset class, sell it and run away,
- 10:58Speaker 3: But if you think it has bright future, you need
- 11:01Speaker 3: to even at the violence on in you need to
- 11:03Speaker 3: be looking for DCA spots because you're following your conviction.
- 11:06Speaker 1: Well, listen, every major classification in terms of assets over
- 11:13Speaker 1: the past forty years that were breakout asset classes from
- 11:18Speaker 1: the era of when we really started to see a
- 11:21Speaker 1: lot of the internet and online stocks take off, they
- 11:24Speaker 1: all dealt with these kind of pullbacks, And if you
- 11:26Speaker 1: have you have to remember this is that era for
- 11:30Speaker 1: digital assets. We're in that era of not sure this
- 11:34Speaker 1: is going to be a thing, maybe it's going to
- 11:36Speaker 1: explode somehow. It's correlated to you know, at the time,
- 11:39Speaker 1: back back then, it was correlated for tech stocks, correlated
- 11:42Speaker 1: to e commerce. Now it's maybe crypto correlated to AI.
- 11:46Speaker 1: So I think this is the question mark that every
- 11:48Speaker 1: investor asked themselves is did I get in too early
- 11:51Speaker 1: on an asset class or did I quit too early
- 11:55Speaker 1: on an asset class like maybe many of you did
- 11:57Speaker 1: on Amazon or on many other stocks out there. I
- 12:02Speaker 1: want to go to your clip here, because you're talking
- 12:03Speaker 1: about a catalyst, and one of the things could mark
- 12:06Speaker 1: the bottom. Of course, Clarity is something we've been reporting
- 12:08Speaker 1: on for some time. You put out on tweet right here,
- 12:11Speaker 1: two days left until the White House deadline for Clarity
- 12:14Speaker 1: Act negotiations, and here we are with one day left,
- 12:17Speaker 1: technically two. I guess if you go to the first,
- 12:20Speaker 1: which unfortunately would be Sunday. So if a compromise isn't reached,
- 12:26Speaker 1: what will happen, Well, fast Track process center will stall.
- 12:30Speaker 1: Negotiations continue, but the reaction from the White House is unknown.
- 12:33Speaker 1: I would agree with that. However, based on what we're
- 12:36Speaker 1: seeing coming out of the OCC, we believe that that
- 12:40Speaker 1: is the narrative that the White House has chosen, is
- 12:42Speaker 1: that ban on stable coins is going to happen. That's
- 12:46Speaker 1: what the OCC is out there. Remember that's the office
- 12:48Speaker 1: of the Comptro of the United States. So that's a
- 12:51Speaker 1: big deal if that does take place, and it gives
- 12:56Speaker 1: us the information we believe is that Clarity is going through,
- 13:00Speaker 1: but without stable coin yields in the traditional way that
- 13:04Speaker 1: we know it. Sure there will be other rewards out there, guys.
- 13:06Speaker 1: Don't think you're not gonna be able to get them,
- 13:08Speaker 1: and especially in DeFi but it could mark the bottom,
- 13:11Speaker 1: to your point, could mark the bottom. Do you think
- 13:13Speaker 1: that if we finally get at least some sort of
- 13:17Speaker 1: flag that comes up and says, okay, we now know
- 13:20Speaker 1: the direction this is going to happen. Banks got their way,
- 13:23Speaker 1: Coinbase is going to step back, deal with their business
- 13:27Speaker 1: on trading and becoming a bank. Do you think that
- 13:31Speaker 1: would be the bottom that would start to set the
- 13:33Speaker 1: market in motion.
- 13:35Speaker 3: I think the bottom is close. I don't know if
- 13:37Speaker 3: it's necessarily here just yet. And I think my anticipation
- 13:41Speaker 3: of what we're going to see with the Clearity Acts
- 13:42Speaker 3: is going to look a whole lot like what happened
- 13:44Speaker 3: back when the Bitcoin ETF first was created.
- 13:47Speaker 2: Now there's a difference. There's a big difference.
- 13:50Speaker 3: We knew in the fall of twenty twenty three, we
- 13:53Speaker 3: knew it was coming. There was the leak where someone
- 13:56Speaker 3: hacked the X account of the SEC and said we're
- 13:58Speaker 3: gonna approve it, and it ended up being But then
- 14:01Speaker 3: upon questioning the SEC on what happened, how did your
- 14:03Speaker 3: account get hacked, it pretty much was outed like, yes,
- 14:06Speaker 3: they're gonna pass the Bitcoin ETF, so we got time
- 14:10Speaker 3: to buy into it early, right, And then anyone who
- 14:12Speaker 3: remembers the charts, you remember the day that ets went live.
- 14:15Speaker 3: I want to say with January tenth, It might have
- 14:17Speaker 3: been like the eleventh or something, but remember there was
- 14:19Speaker 3: a spike up and then a spike down, some big volatility.
- 14:22Speaker 3: There was a group of people convinced that they launch
- 14:25Speaker 3: of the ETF was a sell the news event, right,
- 14:28Speaker 3: and we did see a twenty percent correction on bitcoin
- 14:30Speaker 3: price after it happened. But then, of course, as everyone knows,
- 14:34Speaker 3: we would go on to say record for the youngest
- 14:37Speaker 3: all time high hit in bitcoin history, where we hit
- 14:39Speaker 3: it before the having event later on in April, and
- 14:44Speaker 3: it was a massive buying event.
- 14:45Speaker 2: What we haven't had this time is we haven't had this.
- 14:48Speaker 3: Long duration of time to look forward to the Clarity
- 14:52Speaker 3: Act passing because it goes back and forth what seems
- 14:55Speaker 3: like every other day on if it's looking good or not.
- 14:58Speaker 3: So if Monday's deadline, and if we see the Senate
- 15:01Speaker 3: come together and say, yep, we're first of all the
- 15:03Speaker 3: banks and crypto communities they agree on it. They tend
- 15:06Speaker 3: that language to the Senate. The Senate posts and says.
- 15:08Speaker 2: We're good to go.
- 15:09Speaker 3: We never got our shock and awe moment, right, So
- 15:12Speaker 3: I wouldn't be surprised to see volatility happen quickly where
- 15:17Speaker 3: the news comes out, price shoots up, but then there's
- 15:19Speaker 3: a major sell off where we crash th levels. And
- 15:22Speaker 3: the purpose of this in the manipulation world would be
- 15:25Speaker 3: there's a section of retail investors who believe, like I do,
- 15:28Speaker 3: that this is a bullish event, right, this is going
- 15:30Speaker 3: to be very good for crypto prices moving forward. But
- 15:33Speaker 3: if I can convince you you're wrong, if I send
- 15:35Speaker 3: the price to the downside to chase liquidations, to chase
- 15:38Speaker 3: certain by levels at lower places like fifty three thousand dollars,
- 15:42Speaker 3: then I can convince even some of the strong bulls
- 15:45Speaker 3: that they were wrong. They need to ditch. We have
- 15:48Speaker 3: a whole lot lower to go. It is a perfect
- 15:51Speaker 3: y cough spring method used by institutions to get rid
- 15:55Speaker 3: of retail and then buy it to dip and take off.
- 15:57Speaker 3: So I want to be very clear, I'm bullish, but
- 16:00Speaker 3: I don't think the craziness and potentially the low is
- 16:03Speaker 3: in just yet.
- 16:05Speaker 1: Yeah. Well, and to your point it we've seen this
- 16:08Speaker 1: so many times, tim it's almost textbook. The key is
- 16:12Speaker 1: is you don't know the timing, but if your conviction
- 16:14Speaker 1: is right, timing really doesn't matter. If your conviction is right.
- 16:17Speaker 1: We put out a poll earlier in the week. Unles
- 16:21Speaker 1: see where you stand on this. Our poll was priced
- 16:25Speaker 1: by the end of March, and I'll zoom in on
- 16:28Speaker 1: that so you can see it a little bit. Fifty
- 16:30Speaker 1: K is what I voted on end of March, March
- 16:33Speaker 1: thirty first, and seventy K another twenty one percent, So
- 16:39Speaker 1: basically we had what fifty nine percent almost sixty percent
- 16:43Speaker 1: coming in under seventy k. Yeah, that's much more bearish
- 16:47Speaker 1: than I think a lot of people anticipated, especially if
- 16:50Speaker 1: we get a clarity coming through, yeah, or even indication
- 16:54Speaker 1: that clarity is coming through, you know, which I think
- 16:56Speaker 1: is the key here. Eighty five k for the current
- 17:01Speaker 1: run of that one.
- 17:02Speaker 2: Yeah, I was. I always love these polls.
- 17:05Speaker 3: It's such a tricky question because of the details of
- 17:08Speaker 3: when the Clarity Act will pass. Right last week they
- 17:11Speaker 3: were telling us April or May. This week, it seems
- 17:15Speaker 3: like they've accelerated to saying we could know the answer sooner.
- 17:19Speaker 3: Gonna I'm gonna lean under eighty five thousand, but probably
- 17:23Speaker 3: not down to fifty k. Like I think a move
- 17:25Speaker 3: sub sixty k is a very fast wick down and
- 17:27Speaker 3: wit back up. I don't know if we have will
- 17:30Speaker 3: have the time in just a month from now. Pretty
- 17:32Speaker 3: much yeah, to get back up of eighty five k.
- 17:34Speaker 3: I would love to be wrong about this, but I'm
- 17:36Speaker 3: gonna say if I was voting, I'd be with the
- 17:38Speaker 3: minority in this group. I'd say that seventy thousand dollars
- 17:40Speaker 3: Option seventy K would be where I'd put myself there.
- 17:43Speaker 1: You go, well, listen, we're gonna look back on Mars
- 17:46Speaker 1: Storry first to say where this thing sits. I'm just
- 17:49Speaker 1: kind of curious because this pole was an interesting one
- 17:51Speaker 1: because it was very split. I want to go to
- 17:54Speaker 1: a clip real quick because this will get into a
- 17:55Speaker 1: little bit more detail on Matt Hogan because he thinks
- 18:00Speaker 1: and This is more on the ethereum ben. We'll chart
- 18:03Speaker 1: ethereum here in a second, but this really has some
- 18:05Speaker 1: implications to ethereum. Here is Matt Hogan talking about Meta's
- 18:09Speaker 1: stable coin.
- 18:09Speaker 6: Take a look to the uniswap example. I'll give another one.
- 18:13Speaker 6: Yesterday Meta announced it was rolling out stable coins across
- 18:17Speaker 6: three billion people, and we talked about it for like
- 18:20Speaker 6: twelve minutes. A few years ago, metow tried to move
- 18:23Speaker 6: into stable coins, we talked about it for twelve months.
- 18:26Speaker 6: There's three billion people who are going to have crypto
- 18:28Speaker 6: wallets in a year. It's like ridiculous, and the price
- 18:31Speaker 6: is like eh. I think a point I was making
- 18:34Speaker 6: in the memo is, look, most of the biggest alpha
- 18:38Speaker 6: opportunities you'll ever encounter as an investor are behaviorally driven.
- 18:44Speaker 6: It's when people make classic behavioral mistakes and there's a
- 18:48Speaker 6: gap between perception and reality. And the reason Ryan is
- 18:52Speaker 6: more bullish than he's ever been is the gap is
- 18:55Speaker 6: bigger than it's ever been in my view in crypto.
- 18:58Speaker 6: The reality is Meta is rolling out stable coins three
- 19:02Speaker 6: billion people. The reality is Blackrock is investing in uniswap,
- 19:06Speaker 6: and Apollo is investing in Morpho The reality is Stripe
- 19:10Speaker 6: just said all Internet transactions will take place over blockchains
- 19:14Speaker 6: and they're the best payment company in the world.
- 19:16Speaker 2: Right.
- 19:16Speaker 6: The reality is Circle just reported blowout earnings. Everyone's building
- 19:20Speaker 6: on tokenization and crypto is like.
- 19:22Speaker 1: Ah, here was a tweet this might I think this
- 19:25Speaker 1: agrees with you. Eth peaked two months before Bitcoin this cycle,
- 19:29Speaker 1: and then maybe it all happened during the Ethereum bottom too,
- 19:32Speaker 1: bottom Q two twenty twenty six, twelve to fourteen hundred
- 19:36Speaker 1: could happen on eighth Do you agree.
- 19:38Speaker 3: One hundred percent? I actually that's something that you know.
- 19:41Speaker 3: We were going to go to the charts I have,
- 19:42Speaker 3: I have similar levels. I'm not convinced for certain twelve
- 19:45Speaker 3: hundred to fourteen hundred has to happen. But if you
- 19:47Speaker 3: go to my chart, there's two lines that I have
- 19:50Speaker 3: on my chart. The first one here I have multiple yells,
- 19:53Speaker 3: but this lower one. Or here I have a sixteen
- 19:55Speaker 3: hundred dollars Okay to me, this sixteen hundred dollars level
- 19:59Speaker 3: is very similar to coins fifty three thousand. But if
- 20:03Speaker 3: we can't make a surge back up, and I think
- 20:05Speaker 3: ethereum could surge back as high as twenty four hundred
- 20:08Speaker 3: to twenty six hundred dollars. If like, if Bitcoin goes
- 20:11Speaker 3: back up to eighty k, ethereum could make it all
- 20:13Speaker 3: way backup to twenty six hundred. If we can move
- 20:16Speaker 3: up first, then I think we only come down to
- 20:19Speaker 3: sixteen hundred. But if we go ahead, let me go
- 20:22Speaker 3: to a lower time frame chart here. If we start
- 20:24Speaker 3: to drop now, you can see clearly ethereums in this
- 20:27Speaker 3: little channel. If we go ahead and drop now, you're
- 20:30Speaker 3: looking at what we would call a bear flag pattern.
- 20:33Speaker 3: Where this bear flag pattern wants to send the price
- 20:35Speaker 3: of ethereum right, not just to sixteen hundred, down here,
- 20:38Speaker 3: towards twelve hundred dollars per coin. So that's where my
- 20:41Speaker 3: blue line on the chart is coming in. It will
- 20:43Speaker 3: depend on This is my if then statement. If we
- 20:45Speaker 3: can break twenty one hundred and make this move towards
- 20:48Speaker 3: twenty six, then I think the bottom move is probably
- 20:50Speaker 3: closer to sixteen hundred. But if we stay rejected below
- 20:53Speaker 3: twenty one hundred and start to make the move down,
- 20:56Speaker 3: I think twelve hundred dollars is a very realistic scenario
- 20:58Speaker 3: and price action to buy ethereum at those lower levels, all.
- 21:02Speaker 1: Right, Tim let's wrap this one up. I want to
- 21:03Speaker 1: get into some really key questions though, on what is
- 21:07Speaker 1: happening where you stand on some of these positions right now,
- 21:10Speaker 1: because remember the tweet just recently came out here on
- 21:13Speaker 1: trueflation not getting all the data. My question to you,
- 21:16Speaker 1: trueflation has been wrong all along? Yes? Or no?
- 21:20Speaker 3: Oh? Man, let's go with yes. I mean I was
- 21:27Speaker 3: telling you a little bit before the show. I've always
- 21:30Speaker 3: been in.
- 21:30Speaker 1: Camp we can't trust the data.
- 21:32Speaker 3: I've always been in camp trueflation. What's the point of it.
- 21:35Speaker 3: Nobody in the government's going to look at it and
- 21:37Speaker 3: use it. It's almost like trueflation was made just to
- 21:39Speaker 3: make people like you and me read the internet and
- 21:41Speaker 3: yell at it.
- 21:41Speaker 1: You know, well, listen, I know somebody you know well,
- 21:47Speaker 1: I will say it's named I know somebody who is
- 21:50Speaker 1: a permabule that is not going to like that. In the
- 21:52Speaker 1: fact that trueflation has been you know, gaslighting. Hey, the
- 21:56Speaker 1: White House secretly told the OCC to put out the
- 21:58Speaker 1: yield band proposal? Yes or no? You think they did
- 22:01Speaker 1: it or you think the OCC just took it upon themselves.
- 22:05Speaker 3: No, I think I think they took it upon themselves.
- 22:07Speaker 3: But I think the White House doesn't care about that issue,
- 22:10Speaker 3: so they just want to get this passed through.
- 22:12Speaker 1: Yeah, I think they did it, So you're gonna say.
- 22:15Speaker 3: Yeah, I would say no, they didn't tell them to
- 22:16Speaker 3: do it, but I think they have no problem with it.
- 22:18Speaker 1: All right, Well there you go, all right. Ethereum single
- 22:22Speaker 1: record largest daily candle since twenty twenty one was a
- 22:26Speaker 1: plus twenty eight percent after Clarity passes. Do you think
- 22:29Speaker 1: that will happen again beating the twenty eight percent single day? Yes?
- 22:33Speaker 4: Or no?
- 22:34Speaker 3: And oh, it's possible, but again I would be surprised
- 22:38Speaker 3: if it's the short one.
- 22:39Speaker 2: I think that's like after the big wick down.
- 22:42Speaker 3: Okay, I think we will see another day with a
- 22:43Speaker 3: big candle like that, but right after.
- 22:46Speaker 1: The clarity after Clarity.
- 22:48Speaker 2: But what's the definition though, like within days?
- 22:50Speaker 1: I think anytime after Clarity apparently?
- 22:52Speaker 2: Yeah, yes, yes, and.
- 22:53Speaker 1: Yeah, okay, I'm saying yeah, after Clarity goes through. It
- 22:56Speaker 1: may take a week or two or whatever that number is.
- 22:59Speaker 1: Which conspiracy combo is more responsible for crypto crashing here
- 23:05Speaker 1: recently Finance Quantum or James Street and Epstein.
- 23:10Speaker 3: Oh wow, that's a good one. Oh that's good. You know,
- 23:15Speaker 3: I'm gonna say binancing quantum threat.
- 23:17Speaker 1: I'm with you. I think that gets ten ten man.
- 23:20Speaker 2: I think that was a scapegoat.
- 23:22Speaker 3: I think that was a we have to make a
- 23:23Speaker 3: sacrifice so that retail thinks that the manipulation is done. Yeah,
- 23:28Speaker 3: and it's just it's just getting going.
- 23:29Speaker 1: Man. The conspiracy is so thick here, Yeah, with Tim.
- 23:34Speaker 1: When Tim has his white callaway hat on, we are
- 23:36Speaker 1: getting into conspiracy land here we are, second half a show.
- 23:41Speaker 1: SBF bribes Trump for a pardon. You think he'll do it?
- 23:45Speaker 2: Oh?
- 23:45Speaker 3: Will he do it? Yes, he'll He'll bribe him. Will
- 23:48Speaker 3: it work?
- 23:48Speaker 2: Will he get it?
- 23:50Speaker 1: Okay, I'm gonna say no, because if he does bribe him,
- 23:53Speaker 1: he won't get the pardon. So I'm on here, I'm
- 23:56Speaker 1: on your camp. Okay.
- 23:57Speaker 3: Yeah, and no party FORSB. I think he stays in prison,
- 24:01Speaker 3: all right.
- 24:02Speaker 1: What's worse for clarity passing? Odds? Uh? World liberty fire? SBF?
- 24:10Speaker 2: What's worse for clarity passing?
- 24:12Speaker 3: What is? What do you mean?
- 24:13Speaker 2: SBF? Howl? How would SBF even play it?
- 24:15Speaker 1: For him to just come out to try to put
- 24:17Speaker 1: pressure on uh, you know, some sort of pardon saying hey,
- 24:21Speaker 1: we tried to do all you know, like what he
- 24:23Speaker 1: was doing the other day.
- 24:24Speaker 3: No, he just raises the oddly with World Liberty five
- 24:27Speaker 3: because that's gonna obviously deal with the Trump family. Could
- 24:31Speaker 3: Democrats decide we're going to go anti Trump here, so
- 24:34Speaker 3: World Liberty doesn't that.
- 24:35Speaker 1: Liberty five investors and institutions realize Link as our frendous
- 24:41Speaker 1: holder benefits. Tim Warren dumbs Link for top revenue sharing
- 24:46Speaker 1: tokens in twenty twenty six, breaking news.
- 24:50Speaker 2: Wait, I don't. I don't know if I understand the question.
- 24:52Speaker 1: What's the question investors in institutions. This is, you know,
- 24:57Speaker 1: we're we're we're thinking ahead, realize that Link has horrendous
- 25:02Speaker 1: holder benefits. You know, there's no there's no revenue sharing,
- 25:06Speaker 1: there's no you know, there's none of the true utility.
- 25:09Speaker 1: And then this trader that we know by the name
- 25:12Speaker 1: of Tim Warren he dumps Link for top revenue sharing
- 25:16Speaker 1: tokens in twenty twenty six.
- 25:20Speaker 3: Listen, I'm not saying there's a zero percent chance I dump,
- 25:24Speaker 3: but like, it's not likely you're not gonna see me
- 25:26Speaker 3: dumping chain leak anytime soon.
- 25:28Speaker 1: I agree. I don't think Tim dumps chain Link. Trump
- 25:31Speaker 1: and Congress approve Stemmy checks to the plubs.
- 25:35Speaker 2: What do you think, well, Trump will well Congress. That's
- 25:38Speaker 2: gonna be the question.
- 25:39Speaker 3: Uh yeah, I think yes because I think yes, because
- 25:43Speaker 3: they're we'll have to get the refunds on the tariffs
- 25:46Speaker 3: and that's gonna be in litigation.
- 25:48Speaker 2: For a long time. And I think Trump wants to
- 25:50Speaker 2: buy some votes potentially for the midterms.
- 25:52Speaker 1: All right, you're you're winning me over now. I'm kind
- 25:54Speaker 1: of in the middle. Yeah, I'm in the middle on
- 25:57Speaker 1: this one. Markets will be for Jerome Powell's return after
- 26:02Speaker 1: one year of a new FED chair.
- 26:04Speaker 2: Has to be yes.
- 26:05Speaker 3: I mean, I see people begging for Gary Genslers as
- 26:08Speaker 3: if we forgot all that nightmare. So yeah, you think
- 26:11Speaker 3: Jerome Jerome Powell is nowhere near as bad as Gary Gensler.
- 26:14Speaker 3: I'm not gonna say he's the greatest chairman ever, but
- 26:17Speaker 3: all right there, if we're begging for Gary, they'll definitely
- 26:20Speaker 3: be people begging for Kay.
- 26:22Speaker 1: I'm on the fence on this one. Guy. On that one,
- 26:25Speaker 1: I don't know. Last question here, Democrats win winning the
- 26:30Speaker 1: mid terms is good for risk assets?
- 26:32Speaker 3: Do you think you know I would have probably said
- 26:34Speaker 3: no to this before, but my business partner, Schrum has
- 26:38Speaker 3: been doing some deep diving into the history of this.
- 26:40Speaker 3: There's actually there's there's history that suggests that when when
- 26:44Speaker 3: we have gridlock, that's actually really good for the economy
- 26:47Speaker 3: and for risk assets. So I'm gonna say it's I
- 26:50Speaker 3: think Democrats could be good for the Democrats to will Yeah.
- 26:53Speaker 1: I agree. I think it could be because of grid
- 26:56Speaker 1: raw and risk assets become you know, a thing because
- 26:59Speaker 1: people understand yep arkets are in a position that often
- 27:03Speaker 1: we don't like. Hey, listen, it's a good one. We're
- 27:05Speaker 1: gonna see how the weekend pans out here, tim one
- 27:09Speaker 1: last token to watch for the weekend. Are you looking
- 27:12Speaker 1: at the charts right now thinking keep an eye on
- 27:15Speaker 1: this one.
- 27:16Speaker 3: I know one thing we didn't talk about, and I
- 27:18Speaker 3: wish I had a whole video about this a couple
- 27:20Speaker 3: of weeks ago that I didn't actually buy it.
- 27:22Speaker 2: I should have bought it.
- 27:24Speaker 3: I'd be watching Netflix stock obviously not gonna move over
- 27:27Speaker 3: the weekend, but what is Netflix stock going to do
- 27:30Speaker 3: when it opens up Monday morning? They got some good news.
- 27:33Speaker 3: I literally had a perfect entry in my video that
- 27:36Speaker 3: I made that I didn't actually buy. But I hope
- 27:38Speaker 3: people who watch the video bought a couple of weeks ago.
- 27:40Speaker 3: I put two different entries on here, but my first
- 27:43Speaker 3: entry was seventy five thousand and fifty nine cents. We
- 27:46Speaker 3: had a double bottom on this here last week. Look
- 27:50Speaker 3: at look at I mean, look at the opening we
- 27:51Speaker 3: had the I'm trying to zoom out so you go
- 27:53Speaker 3: to see it. We've already moved up above my first
- 27:55Speaker 3: take profit level and it's showing no signs of stopping.
- 27:58Speaker 3: So Monday morning, does this rally continue? I mean, we
- 28:01Speaker 3: are seeing I think it might. The weekly bisingle just
- 28:05Speaker 3: launched last week. On my indicators, this could be absolutely huge.
- 28:09Speaker 3: I might might take profit of one twelve might be
- 28:11Speaker 3: too low if this holds.
- 28:13Speaker 1: Well, And it's one of those things that is the
- 28:16Speaker 1: pent up nature of something when you do get clarity,
- 28:20Speaker 1: and you know, our team was kind of talking about this.
- 28:23Speaker 1: Imagine eth when you get clarity. Imagine Salana when you
- 28:26Speaker 1: get clarity. Those have been really suppressed assets. So we
- 28:29Speaker 1: could see those kind of wicks going forward, kind of
- 28:32Speaker 1: what we talked about there in the lightning round. So
- 28:34Speaker 1: there you go, guys, you got a little bit of
- 28:38Speaker 1: good news for the weekend. Tim's good seeing you. Thanks
- 28:41Speaker 1: so much for coming in today.
- 28:42Speaker 2: Absolutely thanks for having me again, Paul.
- 28:51Speaker 1: If you like this video, hit like and subscribe, drop
- 28:53Speaker 1: a comment down below, and also join our free private
- 28:56Speaker 1: member group. The link is in the description.