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Ethereum Biggest Bet?🔥Technical Analysis w/ Data Dash · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today we're going to be jumping into bitcoin an ethereum
• 0:08
  Speaker 1: and also give you guys some insights on a variety
• 0:10
  Speaker 1: of all coins. You don't want to miss it. My
• 0:12
  Speaker 1: name is Paul Barrel. Welcome back in the tech path.
• 0:13
  Speaker 1: Let's get started. I do want to thank our sponsor
• 0:16
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• 0:18
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• 0:21
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• 0:26
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• 0:29
  Speaker 1: whether you like bitcoin, ethereum, all coins, whatever that might be,
• 0:32
  Speaker 1: if you're brand new to crypto, get over to coinbase
• 0:35
  Speaker 1: and set up your account today. Let's go into it.
• 0:39
  Speaker 1: I want to bring in a trader. You guys will
• 0:41
  Speaker 1: probably recognize this guy, and this is Paul Sampson. He
• 0:46
  Speaker 1: comes over from Day to Dash. We've had and we've
• 0:48
  Speaker 1: talked about data Dash before on the show. But Paul,
• 0:50
  Speaker 1: welcome in.
• 0:51
  Speaker 2: Hey Paul, thanks for having me pleasure to be here.
• 0:53
  Speaker 2: It's Paul Squared today.
• 0:54
  Speaker 1: There you go.
• 0:55
  Speaker 2: I like it.
• 0:56
  Speaker 1: So, hey, we're going to be talking a lot about
• 0:58
  Speaker 1: bitcoin ethereum. We'll get in to some of the all coins.
• 1:01
  Speaker 1: So for all of you guys watching right now, make
• 1:03
  Speaker 1: sure to stick around for that. We'll actually chart all
• 1:06
  Speaker 1: the way into Avalanche we and all sorts of good
• 1:08
  Speaker 1: tokens for you guys to take a look at. But
• 1:09
  Speaker 1: I want to open up with bitcoin, Paul, and if
• 1:12
  Speaker 1: you look at the breakout that we're seeing right now,
• 1:14
  Speaker 1: a little above one hundred and seven K, momentum seems
• 1:18
  Speaker 1: to be building. Whether or not we see another all
• 1:20
  Speaker 1: time high, I think that's still in the cards, maybe
• 1:23
  Speaker 1: for the month of June. And I think there's a
• 1:25
  Speaker 1: lot of scenarios that are playing into this. Obviously, we've
• 1:28
  Speaker 1: seen macro pressure, we've seen all sorts of political pressure,
• 1:32
  Speaker 1: and the big one, of course, is how the regulatory
• 1:34
  Speaker 1: framework is lining up, especially around the stable coin bill.
• 1:38
  Speaker 1: When you look at where bitcoin is right now and
• 1:41
  Speaker 1: what it could look like over the next couple of weeks,
• 1:44
  Speaker 1: what are your charts show for bitcoin?
• 1:48
  Speaker 2: Yeah, absolutely, I'll be happy to share these charts with
• 1:51
  Speaker 2: you here. Yeah. So bitcoin specifically, as you were stating,
• 1:55
  Speaker 2: has gone through many many moons with some of the
• 1:58
  Speaker 2: news across the last few months, right and really the
• 2:02
  Speaker 2: last few years, especially with the ETF landscape and everything
• 2:05
  Speaker 2: you just mentioned, and of recent you know, we came
• 2:08
  Speaker 2: up earlier this year and putting this high around one
• 2:11
  Speaker 2: hundred and ten thousand dollars in January and then got
• 2:14
  Speaker 2: a really decent pullback here into these regions here kind
• 2:17
  Speaker 2: of all wrapped around the tariff woes. And then one
• 2:20
  Speaker 2: thing I point out pretty heavily is, especially when we
• 2:22
  Speaker 2: were coming up to this region, this was when the
• 2:25
  Speaker 2: you know, fear and greed. At the time, it was
• 2:26
  Speaker 2: very heavy greed. As we were coming into this peak euphoria,
• 2:30
  Speaker 2: there was very big you know positivity around the new
• 2:33
  Speaker 2: administration coming in and all the reserves for crypto. And
• 2:36
  Speaker 2: then as we kind of made our way down, obviously
• 2:38
  Speaker 2: we had some negative things affecting and then at the
• 2:40
  Speaker 2: very low here it was like at peaks again with
• 2:43
  Speaker 2: the big fears around the tariffs and everything, and both
• 2:47
  Speaker 2: of these we basically put in two technical you know
• 2:50
  Speaker 2: setups basically, and it's just a really simple as you
• 2:53
  Speaker 2: can see it right here clear as day, especially wrapped
• 2:55
  Speaker 2: around some of the leverage that you were just kind
• 2:57
  Speaker 2: of put pointing out. This market unfortunately, is really you
• 2:59
  Speaker 2: know heavy the leverage. As we go here, but we
• 3:02
  Speaker 2: came up. We took the highs here, and when you
• 3:04
  Speaker 2: get a sweep of those highs like that, especially with
• 3:07
  Speaker 2: some of that really heavy fear and everybody really positive
• 3:10
  Speaker 2: and leaning one way, you tend to get a little
• 3:12
  Speaker 2: pullback and a pool down. Then we did the exact
• 3:14
  Speaker 2: same thing down here, where we had a nice low
• 3:17
  Speaker 2: put in place around that seventy four thousand came down
• 3:20
  Speaker 2: and you swept that region here, and then we ended
• 3:22
  Speaker 2: up just running it all the way back up. And
• 3:24
  Speaker 2: you effectively have just been taking lows and taking highs
• 3:26
  Speaker 2: here over the last few few months. And for me personally,
• 3:31
  Speaker 2: as far as even just from the last jolt out
• 3:33
  Speaker 2: of the forty eight k region back when we had
• 3:36
  Speaker 2: the carry trade worries back here, the overall sentiment and
• 3:40
  Speaker 2: the overall direction I think for the bitcoin chart is
• 3:43
  Speaker 2: still to the upside. I think that short term and
• 3:46
  Speaker 2: as far as like a pullback or anything like that
• 3:48
  Speaker 2: would go, I think that there's some potential to come
• 3:51
  Speaker 2: back down towards this yearly open area. There's only you
• 3:53
  Speaker 2: can see, I've only got two areas marked on the
• 3:55
  Speaker 2: chart here for me, so not getting too crazy with
• 3:58
  Speaker 2: over indicators or anything like that, just kind of breaking
• 4:01
  Speaker 2: it down on a high level and the yearly open
• 4:04
  Speaker 2: for this year as a big region, and you can
• 4:05
  Speaker 2: see how well it's been respected here. If we came
• 4:08
  Speaker 2: down we opened up at that region, we'd lost it
• 4:10
  Speaker 2: for a bit, reclaimed it and held it for quite
• 4:12
  Speaker 2: a time. Down here. We've now come up and essentially
• 4:15
  Speaker 2: reversed this overall trend and for me, you know, pull
• 4:19
  Speaker 2: back into this area basically that ninety three and let's
• 4:21
  Speaker 2: just really call it one oh four. One o four
• 4:24
  Speaker 2: is more of the local area to be looking for
• 4:26
  Speaker 2: this week personally, just to see if we get a
• 4:28
  Speaker 2: little by the dip opportunity here and then losing that region,
• 4:31
  Speaker 2: I would say the bigger opportunities back at ninety three,
• 4:34
  Speaker 2: But the overall sentiment and thesis is that we're going
• 4:36
  Speaker 2: to go higher. I've been tracking this region for you know,
• 4:39
  Speaker 2: obviously the entire time, and the whole idea was, especially
• 4:42
  Speaker 2: when we came and swept this region here, is that
• 4:44
  Speaker 2: we would end this range essentially with a break to
• 4:47
  Speaker 2: the upside, targeting one hundred and thirty five thousand.
• 4:50
  Speaker 1: Okay, so you've got a one to thirty five upside,
• 4:54
  Speaker 1: very so are you saying this would maybe be by
• 4:56
  Speaker 1: end of year or are you like this during the summer?
• 5:00
  Speaker 2: Honestly, So, I utilize a lot of harmonic patterns, which
• 5:03
  Speaker 2: is a shout out to Harmonic Trader on that he's
• 5:05
  Speaker 2: an incredible person and got a really great you know,
• 5:09
  Speaker 2: basically a whole strategy wrapped around this. And I'll highlight
• 5:12
  Speaker 2: this here. It's basically a sequence of fibonacis. And the
• 5:16
  Speaker 2: reason I say that is because, once again, just kind
• 5:18
  Speaker 2: of looking at this in a simple form, when we
• 5:20
  Speaker 2: had this you know, slow grind down here, especially after
• 5:24
  Speaker 2: this the way we whipped down back in this region,
• 5:27
  Speaker 2: there's a potential setup and it's not something that we
• 5:29
  Speaker 2: can necessarily marry right this minute, but it is something
• 5:32
  Speaker 2: I've been tracking and it's known as the ab equal
• 5:34
  Speaker 2: c D pattern. And once again, this is just a
• 5:37
  Speaker 2: sequence of Fibonacci. So off of this run up here
• 5:40
  Speaker 2: you'll see these you know areas right here, and this
• 5:43
  Speaker 2: is just a point six point eight or a gold
• 5:45
  Speaker 2: pocket retracement to the downside. And then from here you
• 5:48
  Speaker 2: get an expansion level and a lot of time and
• 5:49
  Speaker 2: once again, when you get these just really slow grinds,
• 5:52
  Speaker 2: is when they start to kind of appear in this region,
• 5:54
  Speaker 2: and from here it gives us that launch area. It's
• 5:57
  Speaker 2: not the only reason I'm targeting one thirty five. That's
• 6:00
  Speaker 2: also a Fibonacci expansion area up in this region as well,
• 6:03
  Speaker 2: right at that one thirty two, one thirty five. And
• 6:05
  Speaker 2: if I had to put a timeframe on it, I'm
• 6:07
  Speaker 2: measuring this just in a symmetrical pattern here where looking
• 6:10
  Speaker 2: at how long it took us to get from A
• 6:12
  Speaker 2: to B and then basically just projecting that off of
• 6:15
  Speaker 2: the C point to see how long it may take
• 6:17
  Speaker 2: us to get up to D. And that is in
• 6:19
  Speaker 2: this summer, coming in about September of twenty twenty five.
• 6:23
  Speaker 1: That's pretty significant. I think when you look at some
• 6:25
  Speaker 1: of the trading patterns that we have seen around previous
• 6:28
  Speaker 1: cycles and what we're seeing right now with bitcoin, which
• 6:31
  Speaker 1: has kind of broken a lot of the kind of
• 6:33
  Speaker 1: the four year analysis. Many of that has been led
• 6:37
  Speaker 1: obvious for obvious reasons, everything from regulation, a political position
• 6:41
  Speaker 1: now with the new administration. And then we also see
• 6:44
  Speaker 1: some macro pressures that are changing up in terms of
• 6:46
  Speaker 1: the bond market and all that. So I might agree
• 6:48
  Speaker 1: with you, I feel I'm a little bit more aggressive
• 6:51
  Speaker 1: going into the end of the year, so we'll see
• 6:52
  Speaker 1: how that plays out. But I do like your number there.
• 6:54
  Speaker 1: On one thirty five, Let's talk a little bit about Ethereum,
• 6:59
  Speaker 1: and I want to lead off with a clip and
• 7:00
  Speaker 1: this will kind of frame it up for much of
• 7:02
  Speaker 1: our audience. We've talked about this company before, and there
• 7:06
  Speaker 1: is a stock out there, and I think you guys
• 7:08
  Speaker 1: will remember Sharplink Gaming. We talked about this. There's some
• 7:10
  Speaker 1: indication it's kind of the new micro strategy for Ethereum.
• 7:14
  Speaker 1: Here is Joe Lubin going a little bit more into
• 7:18
  Speaker 1: what they're up to.
• 7:19
  Speaker 3: Take a look about four hundred and twenty five million
• 7:22
  Speaker 3: dollars worth of ether. Initially, they are very excited to
• 7:26
  Speaker 3: stake it, to restake it. Hypothetically, we'll look to do
• 7:29
  Speaker 3: some of those things, and we can do so much more.
• 7:32
  Speaker 3: Imagine a strategy like this, tokenizing a portion of their equity,
• 7:37
  Speaker 3: making it available in a popular wallet, potentially tokengated perks.
• 7:43
  Speaker 3: One could imagine again this very hypothetical prediction, markets could
• 7:47
  Speaker 3: be relevant. Any of the companies in the orbit of
• 7:51
  Speaker 3: this company could offer perks or privileges and different kinds
• 7:56
  Speaker 3: of contexts. I'll say no more on that front.
• 7:59
  Speaker 2: Do you have what to take? Can you become the
• 8:02
  Speaker 2: Michael Saylor of ethereum?
• 8:03
  Speaker 3: I don't think I need to answer that question directly. Yes,
• 8:07
  Speaker 3: I'm going to be very loud. And for a couple
• 8:11
  Speaker 3: of years we were in a blackout period because the
• 8:14
  Speaker 3: SEC was trying to pin this scheme to Americans. On consensus,
• 8:19
  Speaker 3: the ethereum ecosystem is back in a pretty big.
• 8:24
  Speaker 1: Way, all right. So eth has been one of those laggards.
• 8:29
  Speaker 1: Everybody always yelling to the mountaintops on eth eth eth,
• 8:33
  Speaker 1: but it has struggled, obviously, especially as a layer one
• 8:37
  Speaker 1: for many reasons. Gas fees have laid into this obviously, regulation,
• 8:40
  Speaker 1: et cetera. When you look at ethereum right now, is
• 8:45
  Speaker 1: this something that you feel is just setting up for
• 8:48
  Speaker 1: a big run here? What do you look like on
• 8:51
  Speaker 1: your charts?
• 8:52
  Speaker 2: Yeah? So ethereum is actually my biggest bet in crypto personally,
• 8:57
  Speaker 2: So I'm glad that we're talking about it today. So
• 8:59
  Speaker 2: I have a couple of things that really lead into it.
• 9:01
  Speaker 2: And just as of locally, you know, ever since we
• 9:04
  Speaker 2: basically topped around that four thou forty one hundred back
• 9:08
  Speaker 2: in the end of the year last year, and we
• 9:09
  Speaker 2: just kind of slowly, you know, grinded down. I've been
• 9:12
  Speaker 2: posting that this was one of those basically, you know,
• 9:15
  Speaker 2: like a stairs down and then a potential elevator up situation,
• 9:18
  Speaker 2: which a lot of times we get that. On the
• 9:20
  Speaker 2: reverse side, we get these slow grinds up and then
• 9:22
  Speaker 2: something dropped. You know, a CPI day, at PPI day,
• 9:24
  Speaker 2: at FED meeting, something occurs something between Trump and elon right,
• 9:27
  Speaker 2: and you get those really quick moves down just kind
• 9:29
  Speaker 2: of wipe out some leverage and liquidity. And it was
• 9:33
  Speaker 2: kind of a reverse setup here locally on eth and
• 9:36
  Speaker 2: for me just to kind of showcase how strong it
• 9:39
  Speaker 2: actually is still holding at the moment at least, is
• 9:41
  Speaker 2: that we pushed up and I have once again just
• 9:43
  Speaker 2: a couple of areas here. When we came down, we
• 9:45
  Speaker 2: ended up giving up two years of gains, which is,
• 9:48
  Speaker 2: you know, insane to think about, and just in a
• 9:49
  Speaker 2: couple of months timeframe. But we came down and we
• 9:52
  Speaker 2: took out the twenty twenty three lows here and then
• 9:54
  Speaker 2: from there we got that really nice push up here
• 9:56
  Speaker 2: pretty aggressively. If you look at things like the EMA
• 10:00
  Speaker 2: two hundred day and the fifty day emas you could
• 10:02
  Speaker 2: see how we're coiling up right now for a potential
• 10:05
  Speaker 2: golden cross right where they come up and you get
• 10:07
  Speaker 2: that little bullish momentum continuation. That's a lagging indicator, you know,
• 10:12
  Speaker 2: most of the time at times. But for me, I
• 10:14
  Speaker 2: am looking at this as a pretty strong right here,
• 10:16
  Speaker 2: and pretty bullish to be holding above this level. I
• 10:18
  Speaker 2: have mark which is the quarterly pivot, which is the
• 10:21
  Speaker 2: high time frame. It's just the average price of last quarter,
• 10:24
  Speaker 2: so thirty days I'm sorry, ninety days average here holding
• 10:28
  Speaker 2: it pretty nicely. It was also our three eight to
• 10:31
  Speaker 2: two retracement. So if you just take a simple Fibonacci
• 10:34
  Speaker 2: retrace from the high to low here, you can see
• 10:35
  Speaker 2: that the three eight two, which is a normal area,
• 10:37
  Speaker 2: look for the rejection if we came to it. But
• 10:40
  Speaker 2: since then we've pretty much just reclaimed. We've been holding
• 10:42
  Speaker 2: above it for multiple days. This has been weeks at
• 10:44
  Speaker 2: this region now, just kind of swirling around this area.
• 10:47
  Speaker 2: So I at least anticipated to push up to this
• 10:49
  Speaker 2: thirty one dollars in the coming weeks here, but overall
• 10:53
  Speaker 2: on a higher time frame, eth is like I said,
• 10:56
  Speaker 2: probably my biggest play, my biggest bet, not to say
• 10:59
  Speaker 2: that there's not going to be other winners in the
• 11:01
  Speaker 2: market that are going to do better, but if you're like,
• 11:04
  Speaker 2: you know, for myself, I'm looking for something to invest
• 11:06
  Speaker 2: some you know, some size, and something that's got maybe
• 11:08
  Speaker 2: a little bit more not predictability, but a little bit
• 11:12
  Speaker 2: more trustible that will be around in a few years.
• 11:14
  Speaker 2: Obviously it's probably it's like one of the only other
• 11:16
  Speaker 2: with an ETF approved. So to me, anything with the
• 11:19
  Speaker 2: ETF logos is what I think if we ever got
• 11:22
  Speaker 2: a dot com or a bubble, that what will hopefully
• 11:25
  Speaker 2: still make it through. But the biggest reason that I
• 11:27
  Speaker 2: look to ETH and just kind of zoom out a
• 11:31
  Speaker 2: little bit here is this is very similar to what
• 11:33
  Speaker 2: we actually saw recently or over the years with some
• 11:36
  Speaker 2: things like XRP where we have multiple year ranges. I mean,
• 11:40
  Speaker 2: this is a pretty pretty cut and dry. You could
• 11:43
  Speaker 2: see the way bit just ranging around in this region.
• 11:45
  Speaker 2: So obviously we got the support off the lows we're
• 11:48
  Speaker 2: holding right now. Thirty one dollars is kind of that
• 11:51
  Speaker 2: next stair step. But eventually when we do break through
• 11:53
  Speaker 2: this region the all time high that's a multi year
• 11:56
  Speaker 2: range now with a multi year all time high with
• 11:58
  Speaker 2: a ton of build up right here. This is something
• 12:00
  Speaker 2: and that can really get out of hand in a hurry.
• 12:03
  Speaker 2: And seventy five eighty five hundred I think is a
• 12:05
  Speaker 2: modest target after we see anything of that nature. Truly
• 12:08
  Speaker 2: I target a bit higher, but we'll take it, you know,
• 12:12
  Speaker 2: kind of as it comes. And the other reason, aside
• 12:14
  Speaker 2: from just looking at overall ranging, is when I look
• 12:17
  Speaker 2: at the Eth versus BTC pair and this is once
• 12:22
  Speaker 2: again on a harmonic setup here, which is a sequence
• 12:26
  Speaker 2: of Fibonacci's, has a very specific set of ratios to it,
• 12:30
  Speaker 2: a very specific set of rules that apply to it.
• 12:32
  Speaker 2: And this is a weekly timeframe. Now, this is a
• 12:35
  Speaker 2: very bullish structure. This is a six year long bullish
• 12:38
  Speaker 2: reversal pattern that we basically printed here with a pretty
• 12:41
  Speaker 2: good reaction right at the low almost spot on time wise.
• 12:45
  Speaker 2: Same thing about us to look at this in a
• 12:47
  Speaker 2: symmetrical pattern, which is very important for this setup as well.
• 12:51
  Speaker 2: The timing aligns with it. And for this it kind
• 12:55
  Speaker 2: of goes back to your point of the four year
• 12:57
  Speaker 2: cycle theory, where I truly believe that that is not
• 13:00
  Speaker 2: anymore at least from what we are used to in
• 13:03
  Speaker 2: the past. I think that this is the crypto market
• 13:07
  Speaker 2: as a whole, I think is following along with the
• 13:08
  Speaker 2: housing market cycle, the eighteen to twenty year housing market
• 13:11
  Speaker 2: cycle that in theory is you know, continues to go
• 13:14
  Speaker 2: up until about twenty twenty seven to twenty twenty nine.
• 13:17
  Speaker 2: And this overall idea here actually points us to a
• 13:21
  Speaker 2: potential over BTC rally that if we took six years
• 13:25
  Speaker 2: to print this setup, it's not going to get there overnight.
• 13:27
  Speaker 2: I'm looking at at least a year and a half
• 13:29
  Speaker 2: before we get to some of these targets up here,
• 13:32
  Speaker 2: which doesn't necessarily mean it has to be an overall
• 13:34
  Speaker 2: you know, bull run, bull market, all coin season the
• 13:37
  Speaker 2: whole time. Obviously on the way down we had some
• 13:39
  Speaker 2: little pops, but this does give me inkling that eth overthrows,
• 13:44
  Speaker 2: not overthrows, but over outperforms a bitcoin in the you know,
• 13:48
  Speaker 2: the next coming fifteen to maybe thirty six months here.
• 13:51
  Speaker 1: Interesting well, I think there's there's a lot of people
• 13:54
  Speaker 1: that are kind of looking at what we haven't seen
• 13:57
  Speaker 1: just yet. You know, Joseph Leuwmin was kind of point
• 13:59
  Speaker 1: blank by the you know the bankless guys in reference
• 14:02
  Speaker 1: to could he become the Michael Saylor of eth. Could
• 14:04
  Speaker 1: we start to see a company like you know, sharp
• 14:07
  Speaker 1: Link and others starting to really leverage their treasury to
• 14:11
  Speaker 1: hold more ethereum, which would be being a publicly traded company,
• 14:15
  Speaker 1: would start to open up some potentials to where you
• 14:17
  Speaker 1: could have people leveraging on the two assets, much like
• 14:20
  Speaker 1: what we do with or what we see on bitcoin
• 14:22
  Speaker 1: with micro strategy. I want to go to Pampeliano because
• 14:27
  Speaker 1: he gets into this and there's there's kind of a
• 14:29
  Speaker 1: variety of his opinion. Obviously he's a big bitcoin guy,
• 14:33
  Speaker 1: but I want to play this and then and then
• 14:35
  Speaker 1: we'll back it up with a couple of other items.
• 14:37
  Speaker 1: Let's take a look.
• 14:38
  Speaker 4: Is Ether the best blockchain network to be carried on?
• 14:43
  Speaker 2: Is there a can it be carried on a bitcoin blockchain?
• 14:46
  Speaker 2: See I'm telling you, I'm gonna be in the woods.
• 14:48
  Speaker 4: There's a number of different stable coins that have different
• 14:51
  Speaker 4: kind of twists to them. So if you look at Tether,
• 14:53
  Speaker 4: for example, tedther has really said what we want to
• 14:55
  Speaker 4: do is want to take the US dollar, which is
• 14:56
  Speaker 4: one of the best product market fit products ever created
• 14:59
  Speaker 4: in human history, and we want to bring it to
• 15:00
  Speaker 4: people in the emerging world. They have something like over
• 15:02
  Speaker 4: four hundred million users. I think they're getting thirty million
• 15:05
  Speaker 4: users per quarter, just crazy numbers. Thirteen billion dollars in profit,
• 15:09
  Speaker 4: over eighty five million dollars in profit per employee. Amazing
• 15:12
  Speaker 4: business Circle has said, well, let's go and actually be
• 15:15
  Speaker 4: the US regulated financial institution and try to go get
• 15:17
  Speaker 4: distribution through exchanges like coinbase and others. So both of
• 15:21
  Speaker 4: them are attacking a market from two different ends, and
• 15:23
  Speaker 4: I think that both will end up having a business.
• 15:25
  Speaker 4: But then you also get a number of stable coins
• 15:27
  Speaker 4: to say, well, what if we take the interest that
• 15:29
  Speaker 4: we're earning from the treasuries that we're holding and we
• 15:31
  Speaker 4: start to return that back to some of the whole system.
• 15:33
  Speaker 4: You can get all these different twists and we'll see
• 15:35
  Speaker 4: what ends up happening.
• 15:37
  Speaker 1: Yeah, and obviously he didn't lead that called or the
• 15:41
  Speaker 1: interview there is that you know both tokens is those
• 15:43
  Speaker 1: stable coins riding on ERC twenty ethereum. This will play
• 15:47
  Speaker 1: into a lot of that ethereum. This is just a
• 15:50
  Speaker 1: headline here, but now setting up for no longer hype,
• 15:53
  Speaker 1: so we could see some real world uses. This is
• 15:56
  Speaker 1: coming in from Bernstein, who's been an analyst on this.
• 15:59
  Speaker 1: Now we're seeing everything from Robin Hood. Obviously, we've seen
• 16:02
  Speaker 1: many scenarios around this that will pair up what Eth
• 16:06
  Speaker 1: could do in this cycle with Bitcoin possibly even getting
• 16:11
  Speaker 1: up around one pin fifty or even two hundred k.
• 16:13
  Speaker 1: When you look at your your really bull case for Ethereum,
• 16:17
  Speaker 1: and you said that you feel that this is a
• 16:19
  Speaker 1: very big play and a positive play for you, what
• 16:22
  Speaker 1: is your super Bowl case on Ethereum, Let's say in
• 16:26
  Speaker 1: the next twelve months.
• 16:29
  Speaker 2: Twelve months, So, like I said, like with with my
• 16:34
  Speaker 2: outlook there with the four year cycle, everybody thinks four
• 16:37
  Speaker 2: year cycle or traditionally the four year cycle would end
• 16:39
  Speaker 2: this year right and towards the end of the year.
• 16:41
  Speaker 2: So we're talking June this time next year, and that
• 16:44
  Speaker 2: actually does line up with kind of what I've been
• 16:47
  Speaker 2: outlining as well, where we see a little bit of
• 16:49
  Speaker 2: more lengthier timeframe or the all coins in my eyes,
• 16:52
  Speaker 2: I've been saying, it's like they may see a higher
• 16:54
  Speaker 2: and longer run and Eth is going to potentially be
• 16:56
  Speaker 2: leading that charge. Okay, I would honestly say Eth is
• 17:00
  Speaker 2: truly going to surprise everybody. I really do think that.
• 17:03
  Speaker 2: I feel like everybody targets the seventy five hundred and
• 17:05
  Speaker 2: eighty five, maybe ten thousand. It's kind of like the
• 17:08
  Speaker 2: very I think everybody's really scared to kind of go
• 17:10
  Speaker 2: any higher than that in the theory, which obviously for
• 17:12
  Speaker 2: good measure, we should be very cautious. And in the past,
• 17:15
  Speaker 2: even myself, I had like some much higher target areas
• 17:19
  Speaker 2: and they didn't play out, of course, And I think
• 17:21
  Speaker 2: that those time frames really, you know, put everybody into
• 17:25
  Speaker 2: the overcautious place now. And when I look at things
• 17:28
  Speaker 2: in the sense of instead of that four year cycle,
• 17:30
  Speaker 2: I'm looking at things to where like we are in
• 17:33
  Speaker 2: the midst of the last face melting rally in all
• 17:36
  Speaker 2: assets housing stock. I mean, you look around, it makes
• 17:39
  Speaker 2: tons of sense when you see like Nvidia and all
• 17:40
  Speaker 2: the indices and everything kind of all time has it
• 17:43
  Speaker 2: continuously And so to answer your question, and I had
• 17:46
  Speaker 2: a longer version there, I could see honestly twenty and
• 17:48
  Speaker 2: thirty thousand dollars eth oh, twelve months from now, you know,
• 17:52
  Speaker 2: I'd say probably in the fifteen thousand dollars area. But
• 17:56
  Speaker 2: fifteen months, yeah.
• 17:58
  Speaker 1: Wow, I haven't heard that one in a twenty to
• 18:01
  Speaker 1: thirty obviously if eve continues its growth in terms of
• 18:06
  Speaker 1: how this goes forward. So Paul, would you take a
• 18:09
  Speaker 1: strategy of positioning right now? If you are a Bitcoin
• 18:13
  Speaker 1: holder and saying, okay, I want to ride the best opportunity,
• 18:16
  Speaker 1: would you go ahead and maybe exit bitcoin and move
• 18:19
  Speaker 1: into ethereum based on the current trade market.
• 18:24
  Speaker 2: You know, hindsight Obviously twenty twenty, I wish I would
• 18:27
  Speaker 2: have took all my ethereum and put it into bitcoin.
• 18:29
  Speaker 2: In twenty twenty ten ere we were at the load
• 18:31
  Speaker 2: and then now unloaded everything back in the eighth because
• 18:34
  Speaker 2: especially since we got pretty much to the same levels.
• 18:36
  Speaker 2: But yeah, when you look at bitcoin, I think that
• 18:38
  Speaker 2: we can all agree. I mean, even if even if
• 18:40
  Speaker 2: bitcoin went to some astronomical levels, you know, six seven
• 18:43
  Speaker 2: hundred eight hundred million, I mean you're talking multiples of
• 18:46
  Speaker 2: this point from two day seven x ten x, which
• 18:49
  Speaker 2: is still amazing returns. I think that it depends on
• 18:53
  Speaker 2: how you want to how you are and as an investor,
• 18:54
  Speaker 2: because there's some people that are just bitcoin maxi's that
• 18:57
  Speaker 2: are afraid to let go and then just kind of
• 18:58
  Speaker 2: miss that continuation up. I am in the camp that
• 19:00
  Speaker 2: Bitcoin does still continue higher. You know, potentially a two
• 19:03
  Speaker 2: to three x from here I think is not unheard of,
• 19:06
  Speaker 2: especially you know, over the next coming years. But yes,
• 19:08
  Speaker 2: I think the multiplier is the risk of a bigger
• 19:12
  Speaker 2: multiplier and return on investment at the moment with a
• 19:15
  Speaker 2: twenty five hundred dollars ETH is going to be is
• 19:18
  Speaker 2: going to outweigh the bitcoin price or you probably at
• 19:20
  Speaker 2: least have the same opportunity because once again you have
• 19:22
  Speaker 2: the seventy five hundred eighty five hundred dollars target point
• 19:25
  Speaker 2: is is you know, two three x from here, So
• 19:28
  Speaker 2: that puts still hold in Bitcoin till three hundred exactly.
• 19:31
  Speaker 1: And eth is in a position right now I think
• 19:33
  Speaker 1: for you know, for a lot of people who are
• 19:35
  Speaker 1: dollar cost averaging in even if they were in early
• 19:38
  Speaker 1: on ethereum. But you you got to look at some
• 19:40
  Speaker 1: of the outflows that we've seen on bitcoin, especially on
• 19:43
  Speaker 1: the ETF. This is kind of interesting because Ethereum is
• 19:47
  Speaker 1: also seeing inflows right now and that's something we have
• 19:50
  Speaker 1: not seen. Let me jump over to that charge just
• 19:51
  Speaker 1: to show you. So here's the inflows on eth right
• 19:54
  Speaker 1: now on the ETF. So continuing to flow up positive.
• 19:58
  Speaker 1: You take a look at bitcoin, it has been good,
• 20:01
  Speaker 1: but here recently over the last few weeks, has started
• 20:04
  Speaker 1: to slip away on the ETF side. So I don't
• 20:06
  Speaker 1: know if this is something that we are seeing more
• 20:09
  Speaker 1: institutional investors taking a look at, or if we're seeing
• 20:12
  Speaker 1: maybe people positioning against bitcoin based on what we're seeing
• 20:17
  Speaker 1: around the bitcoin EH trade. So there is a lot
• 20:20
  Speaker 1: to watch right now on this. Let's talk a little
• 20:23
  Speaker 1: bit about based big announcement. Obviously, if you're thinking based
• 20:26
  Speaker 1: the token you want to watch is optimism. They're saying
• 20:30
  Speaker 1: next week is going to be huge. Don't know what
• 20:33
  Speaker 1: that is meaning, but where we're seeing optimism. If you
• 20:36
  Speaker 1: think about this, superstacks is already starting to see a
• 20:40
  Speaker 1: lot more volume. And when you look at optimism right
• 20:43
  Speaker 1: now and the potential, we'll take a look at that chart.
• 20:47
  Speaker 1: What is your opinion on this, because especially if you're
• 20:49
  Speaker 1: trying to trade a layer two if it has the
• 20:52
  Speaker 1: same kind of run potentially as an ethereum or do
• 20:55
  Speaker 1: you like optimism optimist?
• 20:58
  Speaker 2: I mean optimism is at you know, basically at lows right,
• 21:01
  Speaker 2: so I mean similar ethereum I guess is too to
• 21:04
  Speaker 2: some degree when you look at it across the last
• 21:06
  Speaker 2: couple of years. But yeah, optimism is completely at a
• 21:10
  Speaker 2: position where if we get a little spark, a little
• 21:12
  Speaker 2: ignition here, this thing has a lot of room to run.
• 21:15
  Speaker 2: And I could share the chart on this too if
• 21:16
  Speaker 2: you'd like. And I've just honestly got a very simple
• 21:20
  Speaker 2: outlook on optimism once again. Higher time frame here, weekly timeframe.
• 21:24
  Speaker 2: We're trading once, you know, down here around the June
• 21:26
  Speaker 2: twenty twenty two lows, and I've got a fixed range
• 21:30
  Speaker 2: volume profile pulled up here, and this is all I'm
• 21:33
  Speaker 2: doing is I'm pulling the overall range data based on volume,
• 21:36
  Speaker 2: and I'm highlighting the value area. So this is just
• 21:39
  Speaker 2: seventy percent of all the volume that took place. We're
• 21:41
  Speaker 2: living outside of that right now. So if you're looking
• 21:43
  Speaker 2: at this as like almost like an RSI, you know,
• 21:45
  Speaker 2: you can consider this very over sold. All you need
• 21:48
  Speaker 2: to see a little bit of confirmation for more upside
• 21:51
  Speaker 2: at the moment is getting into this range, which is
• 21:53
  Speaker 2: a hot minted away from us. It's about fifty percent
• 21:55
  Speaker 2: moved to the upside just to get about almost back
• 21:57
  Speaker 2: to a dollar. And then from here we've got you know,
• 22:00
  Speaker 2: you'll just look for I'll just look for a range rotation.
• 22:02
  Speaker 2: At that point, we have an untapped average of price.
• 22:06
  Speaker 2: So this is just on a mean reversion play when
• 22:08
  Speaker 2: you're looking at things like the two hundred day moving
• 22:10
  Speaker 2: average and some of these other you know emas and
• 22:13
  Speaker 2: those average returns when we just you know, snap back
• 22:15
  Speaker 2: to them, this is the average price from last year.
• 22:18
  Speaker 2: It does not move, so it's set and it's very
• 22:21
  Speaker 2: likely we come back to that usually the following session.
• 22:23
  Speaker 2: So in this case, this is last year's average. Is
• 22:25
  Speaker 2: as likely we get to that this year at some
• 22:28
  Speaker 2: point that sits up at about two fifty six, And
• 22:30
  Speaker 2: that's just a simple just move that takes us back
• 22:33
  Speaker 2: in and know where we haven't been. So and then
• 22:35
  Speaker 2: once you get through this region, if we come up
• 22:36
  Speaker 2: and start claiming three dollars, like I said, I think that,
• 22:39
  Speaker 2: I mean, just from where we are now, we've got
• 22:40
  Speaker 2: a lot of a lot of overhead way to come
• 22:43
  Speaker 2: into and I think that she's really got some room
• 22:45
  Speaker 2: to run.
• 22:46
  Speaker 1: Well, you have to kind of consider optimism almost in
• 22:50
  Speaker 1: unison with what's going on with ethereum, because there's going
• 22:53
  Speaker 1: to bleed off into that ecosystem. We're gonna see some
• 22:56
  Speaker 1: movement around that. Another one to watch, of course when
• 22:59
  Speaker 1: you think about the Ethe system is UNIE swap now unicewap,
• 23:02
  Speaker 1: the Clarity Act, which we talked about last week on
• 23:05
  Speaker 1: the show.
• 23:05
  Speaker 2: Here.
• 23:06
  Speaker 1: This could really get things moving for DeFi. It's almost
• 23:09
  Speaker 1: considered maybe the Unice Swap Act. And when you look
• 23:13
  Speaker 1: at uniewap in its potential right now, is this one
• 23:17
  Speaker 1: that you currently hold and would you put it in
• 23:19
  Speaker 1: your portfolio for the next say, twelve months.
• 23:23
  Speaker 2: Actually don't hold any at the moment, but I would
• 23:26
  Speaker 2: consider it. And it's interesting because if you've been in
• 23:29
  Speaker 2: the space for a couple of years, or at least
• 23:31
  Speaker 2: throughout twenty twenty one, we remember the timeframe where Unie swap,
• 23:35
  Speaker 2: Pancake swap one inch, all these DeFi platforms in exchanges
• 23:39
  Speaker 2: really were I mean they got you can see right
• 23:41
  Speaker 2: here they had monster runs and then pretty much it
• 23:44
  Speaker 2: given it back up and now you've gotten this just
• 23:46
  Speaker 2: complete side step. I hate to bring it up again,
• 23:49
  Speaker 2: but the best example is XRP. Right, we all know
• 23:53
  Speaker 2: what happen in XRP. You just had a six seven
• 23:55
  Speaker 2: hundred percent move and consolidating now and I think we'll
• 23:57
  Speaker 2: see even more upside through there, but this deal happened
• 24:00
  Speaker 2: here you have this huge move to the upside, you
• 24:02
  Speaker 2: kind of come back, you consolidate for quite some time.
• 24:05
  Speaker 2: I have a couple of things pulled up here. This
• 24:07
  Speaker 2: is just a simple FIBONACI your tracement. So just in
• 24:09
  Speaker 2: the simple price action that we see just time and
• 24:11
  Speaker 2: time again, you want to see that point three eighty two,
• 24:15
  Speaker 2: that's the first major area you want to see flipped.
• 24:17
  Speaker 2: We came up and actually tagged that perfectly back in
• 24:20
  Speaker 2: the end of last year, and then once again back
• 24:22
  Speaker 2: down to our point of control. That high the highest
• 24:25
  Speaker 2: volume area that's been traded here and overall, we could
• 24:27
  Speaker 2: just really say that we've just been ranging in this
• 24:29
  Speaker 2: region basically at the lows, similar to optimism, which we
• 24:34
  Speaker 2: were just looking at. So in the sense of risk
• 24:36
  Speaker 2: versus reward, once again, everything in this market is not
• 24:39
  Speaker 2: going to have explosive moves, you know, like they probably
• 24:43
  Speaker 2: have in the past when there was much less coins
• 24:45
  Speaker 2: and much more you know, a little bit more money
• 24:49
  Speaker 2: to go around for the smaller amount of coins. There's
• 24:50
  Speaker 2: millions of coins now, so not everything's gonna be a
• 24:52
  Speaker 2: huge winner. But when I look at things like this,
• 24:54
  Speaker 2: if I was going to pick something for a year
• 24:56
  Speaker 2: to hold on to. It would be something that yes,
• 24:58
  Speaker 2: has not popped quite yet, that also has some of
• 25:00
  Speaker 2: the more fundamentally positive things coming. I think that on
• 25:04
  Speaker 2: a scale of risk management, yes, by all means this
• 25:06
  Speaker 2: would be something I would put in my portfolio for
• 25:08
  Speaker 2: the next twelve months. Yeah.
• 25:09
  Speaker 1: And I think the thing that a lot of people
• 25:11
  Speaker 1: overlook is we have not really seen a market structure
• 25:14
  Speaker 1: bill come to light. And when that does happen, once
• 25:16
  Speaker 1: we see the stable cooin bill come in, I think
• 25:18
  Speaker 1: we'll most likely see a market structure bill come together.
• 25:22
  Speaker 1: And as we see that, it means that we're going
• 25:24
  Speaker 1: to see I think at least some clarity around DeFi.
• 25:27
  Speaker 1: An if the think ethereum is going to move, you
• 25:30
  Speaker 1: have to consider the biggest DeFi platform out there on Ethereum,
• 25:33
  Speaker 1: and of course that being one of them being UNISWAB.
• 25:35
  Speaker 1: So we're gonna definitely get Paul back on to cover
• 25:38
  Speaker 1: some more tokens for you guys. Definitely let us know
• 25:41
  Speaker 1: down in the comments what you guys think. By the way,
• 25:43
  Speaker 1: if you are not in the diamond circle, make sure
• 25:44
  Speaker 1: and get in on all of that. You can do
• 25:46
  Speaker 1: that very easily, and it's absolutely free. Use the link
• 25:49
  Speaker 1: down below to get started, and of course follow me
• 25:51
  Speaker 1: on x at Paul Baron. We'll catch you next time
• 25:53
  Speaker 1: right here on tech Path
• 26:00
  Speaker 2: One.