Latest / The Paul Barron Crypto Show / Uniswap 5-Year Breakout!!🚀$SOL $AVAX Next?🔥Technical Analysis with Evan Aldo🚨

Transcript

Uniswap 5-Year Breakout!!🚀$SOL $AVAX Next?🔥Technical Analysis with Evan Aldo🚨 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Uniswap is on a five-year breakout and with that might
• 0:03
  Speaker 1: be coming a bull run of epic proportion. Today we're
• 0:06
  Speaker 1: going to break it down for you. Before we get started,
• 0:08
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• 0:10
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• 0:13
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• 0:21
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• 0:29
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• 0:34
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• 0:38
  Speaker 1: yielding platforms that are out there. So check out EtherFi.
• 0:41
  Speaker 1: All you have to do is visit it, EtherFi.com. Use
• 0:44
  Speaker 1: our link down below. It's going to get you set
• 0:45
  Speaker 1: up and you guys can get started where you can
• 0:47
  Speaker 1: get away from the banks. I want to bring on
• 0:50
  Speaker 1: Evan Alda, who's been on the show as you guys,
• 0:52
  Speaker 1: as a resident trader for quite a while.
• 0:54
  Speaker 2: How are you, Evan?
• 0:56
  Speaker 3: I'm doing well. It's nice to see the market pumping, man.
• 0:59
  Speaker 3: I mean, it's nice. It's definitely nice. But we'll talk
• 1:03
  Speaker 3: about it. We'll talk about it.
• 1:04
  Speaker 2: We're going to get into it. We're going to get
• 1:06
  Speaker 2: to all that.
• 1:06
  Speaker 1: You guys check out Evan's channel. He does a great
• 1:08
  Speaker 1: job on doing trading videos, but also giving you guys
• 1:11
  Speaker 1: some understanding of how to actually trade markets like this.
• 1:16
  Speaker 1: And right now, with the markets moving like they are,
• 1:20
  Speaker 1: follow Evan out there on YouTube for sure.
• 1:22
  Speaker 2: Evan, I want to lead off with this right here.
• 1:24
  Speaker 2: And that is Clarity Act. heartbeat, barely. I think it's got.
• 1:29
  Speaker 1: Like barely a pulse at 8% chance. But really, we
• 1:33
  Speaker 1: had a really good interview yesterday with Kristen from the
• 1:37
  Speaker 1: Solana Policy Institute.
• 1:39
  Speaker 2: And I think she kind of outlined it in a
• 1:41
  Speaker 2: very good way. And that is that the industry.
• 1:43
  Speaker 1: Has moved on and they are squarely targeting the SEC
• 1:49
  Speaker 1: and the CFTC going forward And because of that, we
• 1:53
  Speaker 1: have seen movements on everything you can imagine in the
• 1:56
  Speaker 1: altcoin market. In fact, I want to bring back an
• 1:59
  Speaker 1: old altcoiner from lore. And that, of course, is Kevin O'Leary.
• 2:04
  Speaker 1: Let me play this clip for you.
• 2:06
  Speaker 4: All you have to own is simply Bitcoin and Ethereum.
• 2:10
  Speaker 4: You don't need anything else. And so this is really,
• 2:14
  Speaker 4: really hard medicine. And the poopoo coins aren't going to
• 2:17
  Speaker 4: come back. But I took a hit on ETH and BTC,
• 2:20
  Speaker 4: but it's come back a lot more than the Pupu
• 2:22
  Speaker 4: coins have.
• 2:23
  Speaker 2: And some of those Pupu coins are never coming back.
• 2:26
  Speaker 4: And so now, wait a sec, we're wrong about ETH
• 2:29
  Speaker 4: being standard.
• 2:30
  Speaker 2: Who's next?
• 2:31
  Speaker 4: So I'm waiting to hear.
• 2:32
  Speaker 2: You had said you'd sold most of your crypto position.
• 2:35
  Speaker 3: Now, are you starting to look at crypto assets to
• 2:38
  Speaker 3: put into your portfolio again?
• 2:39
  Speaker 2: Well, I have no choice.
• 2:40
  Speaker 4: I have to put some bets down on chains that
• 2:42
  Speaker 4: are going to get adopted because we simply don't know.
• 2:46
  Speaker 2: So maybe I add now. I start adding.
• 2:49
  Speaker 4: So now it's jump all again, including Avalanche Salon and others.
• 2:54
  Speaker 3: All right.
• 2:55
  Speaker 1: So the Pupu coins now from the master Pupu trader
• 3:00
  Speaker 1: out there that has not been going in on many
• 3:02
  Speaker 1: of these.
• 3:03
  Speaker 2: Let's kind of jump on the bandwagon here.
• 3:06
  Speaker 1: And we've talked about this, and that is Uniswap for
• 3:09
  Speaker 1: quite some time. This has been one of our picks
• 3:11
  Speaker 1: for a while. You had Hayden Adams talking about this.
• 3:13
  Speaker 2: The most bullish AMM news today.
• 3:16
  Speaker 1: Is not the official statement, but the comment letter from
• 3:19
  Speaker 1: the SEC Commissioner Hester Peirce that went along with it.
• 3:22
  Speaker 1: And it really kind of designed into a couple of
• 3:25
  Speaker 1: key points here. Decentralized systems that are driven by autonomous
• 3:30
  Speaker 1: software do not need an exemption, aka normal permissionless Uniswap, example.
• 3:37
  Speaker 1: Uniswap on that news but more coming out of the
• 3:39
  Speaker 1: SEC has absolutely skyrocketed. If you look at our chart
• 3:44
  Speaker 1: on Uniswap, and I'll go to something that we've been tracking, Evan,
• 3:46
  Speaker 1: and I want to get your opinion.
• 3:48
  Speaker 2: This is on the weekly.
• 3:49
  Speaker 1: This is a trend line that we've shown a couple
• 3:51
  Speaker 1: of times here on the show. And as you'll notice,
• 3:54
  Speaker 1: all the way back here in 2021 of where Uniswap
• 3:58
  Speaker 1: had hit its last major, major breakout, We are now
• 4:02
  Speaker 1: in that kind of mode of a potential rocket ship
• 4:06
  Speaker 1: happening for Uniswap. First of all, as you chart Uniswap,
• 4:10
  Speaker 1: can you tell me, are you looking at any significant
• 4:12
  Speaker 1: target areas over the next few months?
• 4:15
  Speaker 3: Yeah, I mean, Uniswap, it's interesting, man. It's very interesting. Obviously,
• 4:19
  Speaker 3: we jumped up like crazy here. I think it's inevitable
• 4:21
  Speaker 3: that you're eventually going to get to the $ 12 mark.
• 4:24
  Speaker 3: I think that You know, the biggest fear here is
• 4:27
  Speaker 3: a midterm correction, kind of a correction between now and midterms.
• 4:31
  Speaker 3: And when made that happen, there's always one red month.
• 4:33
  Speaker 3: So I would say October may be, you know, kind
• 4:35
  Speaker 3: of your red month. I would even argue right now
• 4:37
  Speaker 3: you're hitting a mild little speed bump, but it's not
• 4:40
  Speaker 3: that concerning yet because your momentum still shows continuation on
• 4:44
  Speaker 3: your two days. So. We'll see what happens here. I
• 4:47
  Speaker 3: would say the next big play is going to be
• 4:48
  Speaker 3: right around $ 10, which is obviously a huge psychological area
• 4:52
  Speaker 3: right here. So I would kind of guess what seasonality
• 4:55
  Speaker 3: would give us is something like this. Maybe come up
• 4:57
  Speaker 3: a little bit more and then you get a healthy correction.
• 4:59
  Speaker 3: You want a healthy correction after all of this. Believe me,
• 5:02
  Speaker 3: you want a healthy correction. It's not healthy not to
• 5:04
  Speaker 3: have a correction here. Something like this may be probably
• 5:07
  Speaker 3: not down that much, maybe down to $ 7 or something.
• 5:09
  Speaker 3: And then continuing to $ 12, maybe quarter one, I would
• 5:13
  Speaker 3: look at quarter one of next year. And then, you know,
• 5:15
  Speaker 3: we could get really crazy if we break above there
• 5:18
  Speaker 3: and start talking about $ 18. And then, I mean, it's
• 5:21
  Speaker 3: not impossible for this to make a run back to,
• 5:23
  Speaker 3: you know, old all-time highs. But I think it's a
• 5:25
  Speaker 3: little bit premature to be talking about that just, you know,
• 5:28
  Speaker 3: just so soon right now. So, yeah.
• 5:30
  Speaker 1: All right, so Evan, if you look back in the
• 5:32
  Speaker 1: December of 2020, when Uniswap essentially kind of came onto
• 5:36
  Speaker 1: the scene, this was the weekly chart on that.
• 5:40
  Speaker 2: So over a period of about.
• 5:41
  Speaker 1: 12 weeks, you had an 849% gain. Now, granted, you
• 5:46
  Speaker 1: did have a small pullback in here a little bit,
• 5:49
  Speaker 1: but for the most part, this thing was absolutely on tear.
• 5:53
  Speaker 1: And remember, This was when I think people started to
• 5:56
  Speaker 1: understand what Uniswap could do. Now you've got somewhat SEC
• 5:59
  Speaker 1: guidance that's going to open up the floodgates, possibly putting
• 6:03
  Speaker 1: Uniswap as one of the key chains out there to
• 6:06
  Speaker 1: be keeping an eye on key projects in general. So
• 6:09
  Speaker 1: do you not feel like this is the kind of
• 6:12
  Speaker 1: run we could see, or do you not think we're
• 6:13
  Speaker 1: in a full bull run just yet?
• 6:17
  Speaker 3: Seasonality would tell us no. Seasonality tells us that we
• 6:20
  Speaker 3: need to have some type of correction. You know, you
• 6:22
  Speaker 3: just hiked rates. You got midterms coming up. You look
• 6:25
  Speaker 3: at every, you know, previous midterm kind of area between September, October.
• 6:30
  Speaker 3: Those are very sketchy months. So for lack of a
• 6:33
  Speaker 3: better term, those are months where it tends to kind
• 6:35
  Speaker 3: of correct. So I don't think you're going to go parabolic. But,
• 6:38
  Speaker 3: you know, who knows? It's possible. But I don't think
• 6:41
  Speaker 3: you're going to go parabolic, at least not until kind
• 6:43
  Speaker 3: of next year. I think you need to kind of
• 6:45
  Speaker 3: cool off. It would be very surprising to me if
• 6:47
  Speaker 3: you just go straight up and to the right right now.
• 6:50
  Speaker 1: Well, remember, there is one major factor here that everybody
• 6:55
  Speaker 1: may not even remember, and that is all of this
• 6:58
  Speaker 1: prior in the past was before Uniswap turned on the
• 7:01
  Speaker 1: fee switch, essentially rewarding holders out there.
• 7:04
  Speaker 2: So this is a different game.
• 7:06
  Speaker 1: I think in general, not arguing the point, I'm just
• 7:09
  Speaker 1: saying this one's been suppressed for a while. It might
• 7:11
  Speaker 1: be one of the ones to watch. Let's jump over
• 7:14
  Speaker 1: to a couple of other things. Robinhood, of course, Johan
• 7:18
  Speaker 1: was talking here. Their focus is on adoption. That starts
• 7:21
  Speaker 1: with lowering the barrier. So they've dropped the rates on
• 7:24
  Speaker 1: this entry in terms of fees.
• 7:26
  Speaker 2: This is just the beginning. This course is happening on Arbitrum.
• 7:29
  Speaker 1: When you look at Arbitrum also now in a position to,
• 7:34
  Speaker 1: First of all, would you make a bet on Arbitrum
• 7:38
  Speaker 1: based on what we're seeing with Robinhood Chain right now?
• 7:41
  Speaker 2: Probably.
• 7:42
  Speaker 3: I think there are some decent fundamentals here. The momentum
• 7:47
  Speaker 3: is still here, man. I mean, the momentum here, it
• 7:49
  Speaker 3: hit speed bump, then it came down. That was a
• 7:51
  Speaker 3: healthy correction. Now it's continuing forward. it does look like
• 7:56
  Speaker 3: you could kind of break. Now, the main fear here
• 7:58
  Speaker 3: is this cycle. I mean, look, every time you come up,
• 8:00
  Speaker 3: all you do is just, you know, you keep kind
• 8:02
  Speaker 3: of coming down. You want to break this cycle and
• 8:05
  Speaker 3: look at these kind of trend reversal potential momentum shift points.
• 8:07
  Speaker 3: You have one right now. So we kind of want
• 8:09
  Speaker 3: to prove that to be wrong. So it is a
• 8:12
  Speaker 3: little scary. I think this is a riskier bet. This
• 8:14
  Speaker 3: should be a much smaller position than a lot of
• 8:16
  Speaker 3: other things. But I could see this going. Yeah, I
• 8:19
  Speaker 3: could see this breaking the trend and continuing forward. And
• 8:22
  Speaker 3: You know, the sky's the limit. Who knows? But I
• 8:24
  Speaker 3: could see 29 cents, you know, potentially. I think it
• 8:27
  Speaker 3: would get a lot more bearish, though, if you were
• 8:30
  Speaker 3: to reject from here. You really want to keep this low,
• 8:33
  Speaker 3: this 13, you know, cent area. If you're going back
• 8:35
  Speaker 3: to these areas, it's probably over. You want to kind
• 8:37
  Speaker 3: of hold that area and keep momentum here. So it's
• 8:40
  Speaker 3: a good bet to make, I think. But you need
• 8:42
  Speaker 3: your invalidation points. You definitely need your invalidation points.
• 8:45
  Speaker 1: Listen, if you guys haven't been watching the markets in
• 8:47
  Speaker 1: the last few days. Hopefully in the last couple of weeks,
• 8:52
  Speaker 1: you've been on these. And that has been that DeFi
• 8:55
  Speaker 1: and these L2 tokens are definitely on a move right now.
• 8:58
  Speaker 1: Uniswap up 25, ARB up 25. Bitcoin holding right now
• 9:02
  Speaker 1: above 80 instead of the 78K. So this is an
• 9:06
  Speaker 1: interesting point, too, because I think, and we'll get to
• 9:09
  Speaker 1: Bitcoin in a second, and whether or not it has
• 9:12
  Speaker 1: a breakout opportunity ahead of it. I want to stay
• 9:14
  Speaker 1: on Solana real quick. And this came in from Hunter Horsley.
• 9:18
  Speaker 1: He's talking about the Solana staking ETF be sold, now
• 9:21
  Speaker 1: traded 20 mil, less than 30 minutes to market open.
• 9:24
  Speaker 2: So that's a big deal. Investors are all over this.
• 9:27
  Speaker 1: We had an amazing interview yesterday with Kristen, and it
• 9:31
  Speaker 1: really made me write this tweet because this is a
• 9:34
  Speaker 1: prediction I think now, when you look at the SEC's
• 9:37
  Speaker 1: tokenized stock exemption, this could make Sol one of the
• 9:40
  Speaker 1: biggest winners out there, at least individually. on the side
• 9:44
  Speaker 1: of convergence for crypto. And a couple of points I
• 9:46
  Speaker 1: had on was X stocks activity, deep stable coin liquidity,
• 9:51
  Speaker 1: fast to low cost settlement, wallet and DeFi infrastructure already
• 9:54
  Speaker 1: killing it. And then you've got institutional adoption coming in
• 9:57
  Speaker 1: on that. With Solana as it is right now, now,
• 10:00
  Speaker 1: trading up significantly on the day, where would you put
• 10:04
  Speaker 1: Solana end of year?
• 10:07
  Speaker 3: Solana end of year. Oh, man. Great question. Well, let
• 10:10
  Speaker 3: me answer that by kind of showing you my path potentially.
• 10:13
  Speaker 3: I think that we could continue forward. You know, we
• 10:16
  Speaker 3: don't have that many days left of this month in
• 10:18
  Speaker 3: terms of actual trading days. You know, it's really 12
• 10:20
  Speaker 3: more days, essentially something like that, and then even less
• 10:22
  Speaker 3: trading days. So I think potentially by the end of
• 10:25
  Speaker 3: this month, you may see 120. You've got to hold 110,
• 10:28
  Speaker 3: first of all. That's another thing, too. You've got to
• 10:30
  Speaker 3: hold 110. I think you will see. October, I think
• 10:33
  Speaker 3: you usually always have one red month here. You're going
• 10:36
  Speaker 3: to have some type of correction, I think, in October,
• 10:38
  Speaker 3: maybe down to 100, maybe down to like 96 or
• 10:41
  Speaker 3: something like that. And then November, December, maybe kind of
• 10:44
  Speaker 3: a chop city. So my end-of-year prediction is probably somewhere
• 10:48
  Speaker 3: between 120, probably around 120 if I had to take
• 10:52
  Speaker 3: a guess. It's tough to say. If it breaks out,
• 10:55
  Speaker 3: it could be all the way up to 140, 150,
• 10:57
  Speaker 3: but I think it's going to look something like this,
• 10:59
  Speaker 3: and I think you're going to get up to these
• 11:01
  Speaker 3: higher areas more in quarter one, that 150 mark, more
• 11:04
  Speaker 3: in quarter one of next year. I think you need
• 11:07
  Speaker 3: some consolidation here. That's my view on this.
• 11:11
  Speaker 2: I like this.
• 11:11
  Speaker 1: You're being a little bit more conservative than I would
• 11:13
  Speaker 1: be on Solana, Evan, and mainly because of what I'm
• 11:17
  Speaker 1: seeing coming out of the SEC. I'm anticipating we're going
• 11:20
  Speaker 1: to see a lot more institutional components that will play
• 11:23
  Speaker 1: into where Solana is heading. Because of that, I think
• 11:27
  Speaker 1: it could be one of the big breakout stories of
• 11:29
  Speaker 1: the year. So keep a close eye on this one, guys.
• 11:31
  Speaker 1: Another one to watch that I think is.
• 11:33
  Speaker 2: A sleeper token.
• 11:35
  Speaker 1: We've talked about it before. And this is a project,
• 11:38
  Speaker 1: if you guys have not downloaded the Jupyter app, I
• 11:41
  Speaker 1: want you to go do that right now. They're not
• 11:43
  Speaker 1: a sponsor of the show. I just want you to
• 11:45
  Speaker 1: go discover what's happening within Jupyter.
• 11:48
  Speaker 2: The ecosystem.
• 11:49
  Speaker 1: Here was a tweet right here is Juke Next, Unipump
• 11:52
  Speaker 1: nearly 3X, SEC opened a five-year path. Five keywords here, guys.
• 11:56
  Speaker 1: Five-year path for tokenized U.S.
• 11:59
  Speaker 2: Stocks and permissioned AMMs. That is a big deal.
• 12:02
  Speaker 1: And Jupiter isn't just an AMM, but it's Solana's order flow,
• 12:07
  Speaker 1: and it's already routing hundreds of tokenized stocks as it
• 12:11
  Speaker 1: stands today. I think this is one of those that
• 12:13
  Speaker 1: could really break out. When you look at Jupiter right now,
• 12:17
  Speaker 1: Would you put a bet on this one?
• 12:20
  Speaker 3: Yeah, I didn't even look at this before you mentioned it,
• 12:23
  Speaker 3: but this looks like the best thing we've looked at
• 12:25
  Speaker 3: so far, Paul, because you just keep making higher lows
• 12:29
  Speaker 3: like this. Your momentum keeps doing what it's supposed to do.
• 12:32
  Speaker 3: You got a trigger wave here in the daily. This
• 12:35
  Speaker 3: looks like it may break outward for a technical target
• 12:38
  Speaker 3: all the way up at maybe 47 cents around these
• 12:41
  Speaker 3: levels right here. So yeah, I think this looks great, actually.
• 12:45
  Speaker 3: This looks really good. And The thing, too, is like
• 12:47
  Speaker 3: this has done well since February throughout this, you know,
• 12:50
  Speaker 3: bear markets outperform Bitcoin. This looks very good, very good overall.
• 12:55
  Speaker 3: So I like this. I think this inevitably will go
• 12:57
  Speaker 3: up to 50 cents. All right.
• 12:59
  Speaker 2: So you got a 50 cent marker there.
• 13:01
  Speaker 1: Evan, would you say that this is the beginning of
• 13:04
  Speaker 1: a bull run or do you feel like this is
• 13:06
  Speaker 1: might just be a little bit of a false start
• 13:08
  Speaker 1: waiting for some of the market to rotate or it's,
• 13:10
  Speaker 1: you know, overheated because of the SEC?
• 13:14
  Speaker 3: I think that it is the beginning of a bull run.
• 13:17
  Speaker 3: I think that if you look at seasonality, usually you
• 13:20
  Speaker 3: do have a pullback between now and midterms, which is
• 13:22
  Speaker 3: my kind of concern for October. But I think worst
• 13:25
  Speaker 3: case scenario, we just pull back maybe 20% from the
• 13:29
  Speaker 3: highs for Ethereum, maybe 15% from the highs for Bitcoin.
• 13:33
  Speaker 3: And maybe around those areas are a little bit more,
• 13:36
  Speaker 3: a little bit less for certain hollow coins. That's my
• 13:39
  Speaker 3: view here based on seasonality. All right.
• 13:41
  Speaker 1: Seasonality starting to factor in here. ETH is now disappearing
• 13:46
  Speaker 1: from exchanges. And many of you guys, if you're not
• 13:50
  Speaker 1: putting your assets on hardware wallets, you should be. Make
• 13:54
  Speaker 1: sure and jump into Tangent. We always have them as
• 13:56
  Speaker 1: a sponsor on the show, but that's one of the
• 13:57
  Speaker 1: ones that we would use. Right now, 15.6 mil ETH
• 14:01
  Speaker 1: sitting on exchanges is around 12.7% of the supply.
• 14:03
  Speaker 2: That's low. Bitmine owns almost 6% of that, or 5%
• 14:05
  Speaker 2: of that, 5.9 million in ETH.
• 14:06
  Speaker 1: 38% of all ETH currently sitting on exchanges.
• 14:16
  Speaker 2: So that's a big deal, man.
• 14:18
  Speaker 1: That is not a lot of ETH sitting on exchanges.
• 14:21
  Speaker 1: That means, guys, something's getting ready to happen here.
• 14:24
  Speaker 2: What do you think? Ethereum, end of year.
• 14:28
  Speaker 3: Ethereum end of year, man. I mean, you got this.
• 14:31
  Speaker 3: The number one thing here is like, it's an interesting pattern.
• 14:35
  Speaker 3: I will say that. Your momentum is still good on
• 14:37
  Speaker 3: these higher timeframes. Your two-day looks good. Your daily looks
• 14:40
  Speaker 3: decent because of VWAPs coming up. You are losing a
• 14:42
  Speaker 3: little bit of momentum in some of these like lower
• 14:44
  Speaker 3: timeframes here. You had this wick up, this like liquidation
• 14:47
  Speaker 3: wick up on September 11th. So, oh man, I mean,
• 14:52
  Speaker 3: it's like a big debate between seasonality. Seasonality tells you
• 14:55
  Speaker 3: you're going to see something like this happen. You come
• 14:56
  Speaker 3: back to like 2100, maybe 2000, and then your end
• 15:00
  Speaker 3: of year is going to be a slow recovery. into
• 15:03
  Speaker 3: some of these areas just more extended. I mean, end
• 15:05
  Speaker 3: of year could be 2,700, a little bit more, maybe
• 15:08
  Speaker 3: up to 3,000. It definitely depends on what happens, but
• 15:13
  Speaker 3: usually you do get corrections between now and midterms, but
• 15:15
  Speaker 3: your momentum is pretty good. In two weeks from now,
• 15:18
  Speaker 3: towards the end of this month, that's what you got
• 15:20
  Speaker 3: to pay attention to. Around October 1st, what does your
• 15:22
  Speaker 3: momentum look like? If you've lost momentum around October 1st,
• 15:26
  Speaker 3: that gets much more bearish. If you're above these highs
• 15:30
  Speaker 3: from September 11th, on October 1st, then that's more bullish
• 15:33
  Speaker 3: and you could, you know, pull through and kind of
• 15:35
  Speaker 3: do what's very rare to do in midterm election years.
• 15:38
  Speaker 3: I'll say that. Yeah. Okay.
• 15:41
  Speaker 2: All right.
• 15:41
  Speaker 3: Okay.
• 15:41
  Speaker 1: A couple of things here, because a lot of traders
• 15:43
  Speaker 1: are pointing to the 3000. I actually believe that this
• 15:47
  Speaker 1: might be soft. And the reasons behind it is the
• 15:51
  Speaker 1: fact that we are seeing so much movement now coming
• 15:54
  Speaker 1: out of this rulemaking component. I think this starts to
• 15:58
  Speaker 1: shift things around a bit. not only for stablecoins, but
• 16:01
  Speaker 1: I think ETH in general in terms of the rails
• 16:04
  Speaker 1: of where institutional capital could be rolling. So be on
• 16:07
  Speaker 1: the lookout for ETH right now, guys. It's 2550 resistance zone.
• 16:11
  Speaker 1: I think 3K or above is definitely within the cards.
• 16:14
  Speaker 1: Not a prediction, but I'm looking at this just from
• 16:16
  Speaker 1: the sense of adoption and where ETH could be heading.
• 16:20
  Speaker 1: It's going to be one of the hot assets, I think,
• 16:21
  Speaker 1: in this bull run. Maybe finally going to get its run.
• 16:26
  Speaker 3: Oh, it's inevitably getting to 3K. Inevitably getting to $ 3, 000.
• 16:30
  Speaker 3: It's just a question of when, you know what I mean? Inevitably, yeah.
• 16:33
  Speaker 1: Well, hey, listen, you got Bitcoin surging past $ 80K, so
• 16:36
  Speaker 1: it's given good support right now. $ 170 million in shorts
• 16:39
  Speaker 1: liquidated in the past hour.
• 16:41
  Speaker 2: I mean, come on, Evan.
• 16:43
  Speaker 1: $ 80K, does this mean we've got a blast-off period coming
• 16:46
  Speaker 1: to us?
• 16:47
  Speaker 2: What do you think? That's a pretty big.
• 16:49
  Speaker 3: Candle right there. Yeah, I mean, the momentum's there. I mean,
• 16:53
  Speaker 3: you got your 50 weekly SMA that we're looking at, 79.2.
• 16:56
  Speaker 3: As long as you remain above it, that's pretty good.
• 16:58
  Speaker 3: The only timeframe that doesn't look good right here is
• 17:01
  Speaker 3: kind of the weekly. This is VWAPs coming down, Trigger Wave,
• 17:05
  Speaker 3: which would tell me seasonality. Seasonality would tell you this.
• 17:08
  Speaker 3: If we're going by what normally happens in these areas,
• 17:11
  Speaker 3: you get a healthy correction, maybe down to 70K, something
• 17:13
  Speaker 3: like that. And what do you form? Just a giant
• 17:16
  Speaker 3: kind of reverse head and shoulder situation. And then from there,
• 17:19
  Speaker 3: early next year or maybe December at the earliest, you
• 17:21
  Speaker 3: break up to 92K. That would be one path. And
• 17:26
  Speaker 3: we definitely got to see what happens over the next
• 17:28
  Speaker 3: week between now and the end of the month. So, yeah,
• 17:30
  Speaker 3: I mean, if you look at what's happening now, it
• 17:32
  Speaker 3: just seems like it keeps going. You're getting a little
• 17:34
  Speaker 3: speed bump right here. Weekend, obviously, the weekend is probably
• 17:38
  Speaker 3: going to get more boring. You know, it's probably going
• 17:40
  Speaker 3: to be a bit choppy and then you're either going to,
• 17:42
  Speaker 3: you know, break up or break down.
• 17:43
  Speaker 1: So.
• 17:44
  Speaker 3: We'll see what happens. It's kind of hard to exactly
• 17:47
  Speaker 3: say right now, but inevitably this thing is going to
• 17:49
  Speaker 3: go up to 90K. We just, you know, is it
• 17:51
  Speaker 3: going to be, you know, within a month or is
• 17:53
  Speaker 3: it going to be January, February, you know, quarter one
• 17:55
  Speaker 3: of next year? Hard to say.
• 17:57
  Speaker 1: All right, guys, here's my thinking is that everybody had
• 18:00
  Speaker 1: been sleeping over the week.
• 18:02
  Speaker 2: Okay.
• 18:03
  Speaker 1: They heard that Clarity Act was dead. They thought, ah,
• 18:07
  Speaker 1: you know, the market's going to crater. And instead we
• 18:10
  Speaker 1: get some validating news coming out of the regulators.
• 18:13
  Speaker 2: All right.
• 18:13
  Speaker 1: So Everybody's now catching up with the news. They're starting
• 18:17
  Speaker 1: to watch our show. They're catching up with it right now.
• 18:19
  Speaker 1: Here it is Friday. Dude, I think we see something
• 18:23
  Speaker 1: pop off this weekend, and Bitcoin may lead the way.
• 18:26
  Speaker 2: So just saying.
• 18:28
  Speaker 3: Be ready. I mean, it's rare on the weekend. Usually
• 18:31
  Speaker 3: weekend gets boring, man. It's rare on the weekend.
• 18:34
  Speaker 1: Let's see what happens this weekend. I think the catch
• 18:36
  Speaker 1: up on news and people starting to see all of
• 18:39
  Speaker 1: the players and including this statement right here from Ted,
• 18:43
  Speaker 1: attention is back on crypto and momentum is building. The
• 18:47
  Speaker 1: next move could be very interesting. So you guys remember
• 18:51
  Speaker 1: that and go from there. Before we jump over, actually,
• 18:54
  Speaker 1: I want to go, I want to get into Bitcoin
• 18:57
  Speaker 1: versus the S & P 500. And then I want
• 19:00
  Speaker 1: to jump to Zcash versus hype. Okay, right after that.
• 19:04
  Speaker 1: But before we do that, let's jump on to Bitcoin
• 19:07
  Speaker 1: versus the SPX.
• 19:10
  Speaker 3: Yeah, right here. I mean, this is, I've been calling
• 19:12
  Speaker 3: the bottom on this, you know, since kind of that
• 19:14
  Speaker 3: low here. It's building momentum. It still looks like it
• 19:18
  Speaker 3: could actually keep going here. My guess is maybe some
• 19:21
  Speaker 3: type of healthy correction. I mean, the question is, it's
• 19:23
  Speaker 3: inevitably going to go up like this. The question is,
• 19:25
  Speaker 3: does it go like this first, then go up? I
• 19:27
  Speaker 3: mean- For somebody who's debating on whether buying Bitcoin or
• 19:30
  Speaker 3: buying the SPY, the obvious answer has been buy Bitcoin. Generally,
• 19:34
  Speaker 3: since kind of February, as I've been talking about, I
• 19:36
  Speaker 3: wasn't exactly right on that bottom. But, you know, it's
• 19:39
  Speaker 3: going to outperform, obviously, this and P500. If Bitcoin corrects,
• 19:43
  Speaker 3: you know, 15% between now and midterms, it would probably
• 19:46
  Speaker 3: look something like this. And then you keep going or
• 19:48
  Speaker 3: we just keep going straight up. Seasonality tells you that
• 19:51
  Speaker 3: it's going to be this option, where we have a
• 19:54
  Speaker 3: little bit more, one more correction, then we keep going
• 19:56
  Speaker 3: potentially quarter one of next year or so. But I mean,
• 19:59
  Speaker 3: the obvious play is Bitcoin over the S & P 500,
• 20:02
  Speaker 3: in my opinion.
• 20:02
  Speaker 2: All right.
• 20:03
  Speaker 1: Bitcoin over S & P 500. Let's jump over to
• 20:06
  Speaker 1: Zcash versus Hype.
• 20:09
  Speaker 3: Yeah, go ahead.
• 20:13
  Speaker 1: The main thing is obviously hyperliquid continuing to fly, holding
• 20:17
  Speaker 1: very strong on the chart. I think we had that
• 20:20
  Speaker 1: one up quite a while ago. And one of the
• 20:22
  Speaker 1: things that has been solid has been the hold now
• 20:25
  Speaker 1: trading above 90.
• 20:26
  Speaker 2: So what do you think? How do you think this
• 20:29
  Speaker 2: plays out?
• 20:30
  Speaker 3: Zcash versus Hype? Yeah, it's interesting because Zcash has obviously
• 20:34
  Speaker 3: gone parabolic. Hype has done well, but not as good
• 20:37
  Speaker 3: as Zcash. You're coming up to this area. Zcash has
• 20:40
  Speaker 3: still got the momentum, I would say, but the momentum
• 20:43
  Speaker 3: is dying out just a little bit here. So if
• 20:46
  Speaker 3: I had a really, you know, for the next like
• 20:49
  Speaker 3: two years, I would be in the hype camp because
• 20:52
  Speaker 3: it's depressed against Zcash to a certain extent. You know
• 20:55
  Speaker 3: what I mean? Okay. So I would say the hype
• 20:56
  Speaker 3: is going to, you know, probably at least get up
• 20:59
  Speaker 3: to 200, you know, in the next couple of years.
• 21:01
  Speaker 3: I don't know about Zcash though, because let me show
• 21:03
  Speaker 3: you something. When you look at Zcash here, you know,
• 21:05
  Speaker 3: you're hitting some big points. This two week, once this
• 21:09
  Speaker 3: comes down and you lose momentum here, this could correct
• 21:12
  Speaker 3: and do something, you know, something of this nature. So
• 21:15
  Speaker 3: I could see this back at, you know, 600 at
• 21:17
  Speaker 3: some point here. So if we do see a correction,
• 21:20
  Speaker 3: it can be worse for Zcash. And I mean, This
• 21:22
  Speaker 3: thing is insane. So, I mean, it gets volatile up
• 21:26
  Speaker 3: 600% since March of this year. I mean, you're going
• 21:29
  Speaker 3: to see corrections. You're absolutely going to see at least a,
• 21:31
  Speaker 3: you know, 30% or 30, 40% correction at some point.
• 21:34
  Speaker 3: So there's that. I could see this still being bullish
• 21:37
  Speaker 3: until the end of the month though.
• 21:39
  Speaker 2: All right, let's jump over to avalanche.
• 21:41
  Speaker 1: And I want to show you guys something that is
• 21:44
  Speaker 1: the avalanche chart on the weekly. And as you can
• 21:48
  Speaker 1: see guys, if there is a place for something to move,
• 21:52
  Speaker 1: and you don't care about anything right now in the market,
• 21:55
  Speaker 1: you're just looking at charts that have somewhat solid fundamentals
• 21:59
  Speaker 1: and some potential windows for successes on adoption. Avalanche actually
• 22:06
  Speaker 1: may be a play here. And I'm, we haven't said
• 22:08
  Speaker 1: this in a very long time. What do you think
• 22:10
  Speaker 1: AVAX setting at $ 8? Yeah.
• 22:14
  Speaker 3: I mean, this is the riskiest one we've looked at
• 22:16
  Speaker 3: so far today. I'll tell you that much, but, um,
• 22:19
  Speaker 3: Your weekly is actually the only bad time frame now.
• 22:23
  Speaker 3: That does look like it may kind of roll over
• 22:25
  Speaker 3: a little bit here as it generally has done. But
• 22:27
  Speaker 3: your momentum looks really good on your two weeks. So
• 22:29
  Speaker 3: these probably, I mean, if I had to guess here,
• 22:31
  Speaker 3: I would say maybe high nines to $ 10. A lot
• 22:34
  Speaker 3: of times what these do, and this thing has just
• 22:36
  Speaker 3: been so depressed. I mean, a lot of times what
• 22:38
  Speaker 3: they do is they get their jump up and then
• 22:39
  Speaker 3: they kind of, reject. So definitely be careful with that.
• 22:42
  Speaker 3: It could be a trade, to be honest with you.
• 22:44
  Speaker 3: I don't think it's worth the risk, though, unless you really,
• 22:47
  Speaker 3: really like AVAX and you really think it's going to,
• 22:50
  Speaker 3: you know, come back and prove everybody wrong. So, yeah.
• 22:55
  Speaker 1: They did have a summit here just a little bit ago.
• 22:58
  Speaker 1: They announced this on there that NYSE planning to bring
• 23:01
  Speaker 1: 24-7 training on chain with their development of the ATS platform.
• 23:06
  Speaker 2: So That's a big deal.
• 23:08
  Speaker 1: As we've evaluated different platform, Avalanche checks a lot of
• 23:13
  Speaker 1: those boxes for us so we engage with the team.
• 23:15
  Speaker 1: So point being is that there are some potential adoption
• 23:18
  Speaker 1: curves here. And if this does take off and we
• 23:20
  Speaker 1: do see traditional finance moving on chain, especially with guidance
• 23:25
  Speaker 1: from the SEC, could Avalanche be one to come in
• 23:28
  Speaker 1: behind what we've seen right now with Solana, Uniswap.
• 23:32
  Speaker 2: Jupe, etc.? It's one to watch.
• 23:34
  Speaker 1: I'm not totally sold on it, but I'm intrigued with
• 23:38
  Speaker 1: this one for sure. We've got a couple other things
• 23:41
  Speaker 1: that are getting serious in the market that could put
• 23:43
  Speaker 1: some pressure on the macro side of things, and that
• 23:46
  Speaker 1: is generating around energy. You've got JP Morgan saying it
• 23:50
  Speaker 1: can no longer predict oil prices because of the Iranian war.
• 23:55
  Speaker 2: We don't know how the model ends. And you look
• 23:57
  Speaker 2: at not only that, U.S.
• 23:58
  Speaker 1: Gas prices hitting 443 a gallon on the national average today.
• 24:02
  Speaker 2: That's the highest level ever for this point in September.
• 24:05
  Speaker 1: So leading into midterms, which I think now the Republicans
• 24:11
  Speaker 1: are toast in terms of trying to win the Senate
• 24:14
  Speaker 1: and the House. It looks as though this is going
• 24:16
  Speaker 1: to be a sweep. And Trump's going to have to
• 24:18
  Speaker 1: deal with this now. How does this play out in
• 24:21
  Speaker 1: the overall markets, Evan, especially with you look at all
• 24:26
  Speaker 1: this pressure coming in?
• 24:28
  Speaker 3: So S & P 500, seasonality would tell you S
• 24:32
  Speaker 3: & P 500 should correct down farther between now and midterms.
• 24:36
  Speaker 3: And you can backtest this a lot. I mean, I
• 24:38
  Speaker 3: don't want to get Debbie Downer, but this can go down. Well,
• 24:40
  Speaker 3: nothing too bad. I mean, it's going to go down
• 24:41
  Speaker 3: another 8% theoretically between now and midterms for the next
• 24:45
  Speaker 3: couple of months, especially if there's more things with Iran.
• 24:49
  Speaker 3: If the Democrats do sweep, there's going to be more fear,
• 24:51
  Speaker 3: especially in terms of regulation against AI. AI makes a
• 24:55
  Speaker 3: lot up of obviously the NASDAQ now. that could bring
• 24:58
  Speaker 3: us down. This thing hasn't had much momentum lately at all.
• 25:01
  Speaker 3: Your high is still from June. And it would make
• 25:04
  Speaker 3: sense in total to have, you could have up to
• 25:07
  Speaker 3: 14% down. I don't want to sound too Debbie Downer,
• 25:09
  Speaker 3: but this is very typical of midterm years where you
• 25:12
  Speaker 3: do dump hard in September or probably October this time
• 25:16
  Speaker 3: before midterms. Then you bottom out around midterms once the
• 25:20
  Speaker 3: Democrats sweep, because that gets factored in the fear of
• 25:22
  Speaker 3: AI regulation, all that, and you continue forward. So It
• 25:25
  Speaker 3: would align with potentially a 15% Bitcoin correction too. Let
• 25:29
  Speaker 3: me tell you, Paul, I think we're in very volatile
• 25:31
  Speaker 3: times between now and midterms. That's what I will say.
• 25:33
  Speaker 3: Next two, three months are going to be.
• 25:34
  Speaker 1: Okay, so do you think we'd get a rotation if
• 25:38
  Speaker 1: we do see a 15% pullback in the S & P?
• 25:42
  Speaker 3: That's a huge pullback. It's the rotation as we've been
• 25:45
  Speaker 3: seeing that Bitcoin is going to outperform the S &
• 25:47
  Speaker 3: P 500. Yeah, that rotation. We've been seeing that since June. Yeah,
• 25:51
  Speaker 3: that's been we're going to see in Bitcoin. It's that's
• 25:53
  Speaker 3: just not for Bitcoin outperforming the S & P 500.
• 25:55
  Speaker 3: That's for Bitcoin outperforming NVIDIA. Bitcoin outperforming the triple Q, AI, gold,
• 26:00
  Speaker 3: you know, pick your poison. Bitcoin's outperforming a lot of things.
• 26:03
  Speaker 1: All right, guys, listen, we're going to have a lot
• 26:06
  Speaker 1: to talk about next week because it's going to be
• 26:08
  Speaker 1: a big week. A lot of new issues, I think,
• 26:10
  Speaker 1: that are going to be facing crypto in general. Is
• 26:13
  Speaker 1: there any one token right now, Evan, that we haven't
• 26:16
  Speaker 1: talked about today that you feel like, hey, maybe we
• 26:18
  Speaker 1: need to keep an eye on this one?
• 26:20
  Speaker 3: Oh, man, you know, I've had some good luck with Chainlink.
• 26:23
  Speaker 3: If we want to look at that chart, you know,
• 26:26
  Speaker 3: I thought this would correct down a little bit farther,
• 26:28
  Speaker 3: but it's getting the momentum, getting the bounce. So I
• 26:31
  Speaker 3: think inevitably this may come back up to 18 at
• 26:34
  Speaker 3: some point. So that's one to keep your eye on, definitely.
• 26:36
  Speaker 2: All right.
• 26:37
  Speaker 1: Chainlink right there, trading at around $ 12.
• 26:40
  Speaker 2: Listen, Evan, thanks so much for coming in today. We
• 26:41
  Speaker 2: appreciate it.
• 26:43
  Speaker 3: Thanks so much, Paul. Always an honor talking to you.
• 26:51
  Speaker 1: If you like this video, hit like and subscribe, drop
• 26:54
  Speaker 1: a comment down below and also join our free private
• 26:57
  Speaker 1: member group.
• 26:58
  Speaker 2: The link is in the description.