Latest / The Paul Barron Crypto Show / Bitcoin Critical Level📉Technical Analysis w/ Tim Warren Trades‬

Transcript

Bitcoin Critical Level📉Technical Analysis w/ Tim Warren Trades‬ · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Bitcoin running up to an all time high today. We'll
• 0:02
  Speaker 1: break it down for you and what the market is doing.
• 0:05
  Speaker 1: I've got Tim Warren coming in on the show. It's
• 0:07
  Speaker 1: going to be a good room. My name's Paul Barre.
• 0:08
  Speaker 1: Welcome back in. Let's get go in and do want
• 0:10
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• 0:40
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• 0:43
  Speaker 1: thousand and bitcoin and you take a loan for five k,
• 0:46
  Speaker 1: you know that bitcoin is not going to retrace that much.
• 0:48
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• 0:59
  Speaker 3: All right.
• 1:00
  Speaker 1: I also want to bring in Tim Warren today. If
• 1:01
  Speaker 1: you guys have not checked out Tim's channel, Welcome in, Tim.
• 1:04
  Speaker 2: How are you doing good?
• 1:06
  Speaker 3: Paul, glad to be here, Glad to be back on
• 1:07
  Speaker 3: the show.
• 1:08
  Speaker 1: Hey, this is going to be a crazy show because
• 1:10
  Speaker 1: we're going to look at bitcoin e We've got a
• 1:12
  Speaker 1: couple of all coins for you, and then we'll take
• 1:13
  Speaker 1: a look over the market's heading. Check out Tim Warren
• 1:16
  Speaker 1: over on YouTube. It it's now Tim Warren Trades. Of course,
• 1:20
  Speaker 1: you guys can go over there and subscribe right now.
• 1:22
  Speaker 1: A lot happened you explain, explain the crash. We're going
• 1:25
  Speaker 1: to break into that very topic right now, Tim, What
• 1:29
  Speaker 1: do you think happened yesterday after bitcoin hits it's all
• 1:32
  Speaker 1: time high?
• 1:33
  Speaker 3: Yeah, I mean cheat sheet. You guys go watch the
• 1:35
  Speaker 3: video as well. But I'll give you the bullet points
• 1:38
  Speaker 3: of what I said. There's four reasons that we had
• 1:40
  Speaker 3: to pull back here today, and I went with the
• 1:42
  Speaker 3: word crash. You know, YouTube loves the word crash. People
• 1:44
  Speaker 3: love the word crash. I want you to know in
• 1:46
  Speaker 3: the video, I say this really isn't a crash, it's
• 1:48
  Speaker 3: a correction. But four reasons. We had economic data coming
• 1:51
  Speaker 3: out telling us that PPI was hotter than expected. At
• 1:54
  Speaker 3: the same time, the second reason is that we had
• 1:57
  Speaker 3: unemployment numbers actually show that unemployment's not really a problem.
• 2:01
  Speaker 3: The jobless numbers beat expectations. Then there was a report
• 2:04
  Speaker 3: that's kind of going viral right now where Scott Bessett
• 2:07
  Speaker 3: was on Fox and he said the words we're not
• 2:10
  Speaker 3: gonna buy that in reference to bitcoin.
• 2:12
  Speaker 2: Bitcoin.
• 2:13
  Speaker 3: People are freaking out about that expression. All those things
• 2:15
  Speaker 3: I don't think are that scary. I think the real
• 2:17
  Speaker 3: reason we're pulling back, I think those are convenient excuses.
• 2:20
  Speaker 3: The ultimate reason we're pulling back is a lot of
• 2:22
  Speaker 3: these coins we're hitting some resistance. Bitcoin, as Paul said,
• 2:25
  Speaker 3: hit a new all time high. A lot of other
• 2:27
  Speaker 3: coins we've been tracking some weekly smart trails for months
• 2:31
  Speaker 3: now that a lot of all coins have actually just
• 2:33
  Speaker 3: touched those weekly smart trails. So corrections or consolidation is
• 2:38
  Speaker 3: the norm. But people are gonna freak out. You're gonna
• 2:40
  Speaker 3: hear bears come out of the woodwork saying the top
• 2:42
  Speaker 3: is in the reality is I think it's very far
• 2:45
  Speaker 3: from over. This was an expected correction slash, a little
• 2:48
  Speaker 3: bit of a stopping point more the next leg up.
• 2:52
  Speaker 1: Yeah, I think bess In's statement where bitcoin is not
• 2:56
  Speaker 1: going into the structured side of the treasury. Remember that
• 3:00
  Speaker 1: this has always been a situation where Besson has said
• 3:03
  Speaker 1: we need to be budget neutral. In other words, we're
• 3:06
  Speaker 1: not going out and spending the American dollars. Now, if
• 3:08
  Speaker 1: we get bitcoin in the treasury through you know, seizures
• 3:11
  Speaker 1: and you know other forms fines, et cetera, that's a
• 3:14
  Speaker 1: way to build strategic investment I think around these assets.
• 3:17
  Speaker 1: So that I think was even though it was a
• 3:21
  Speaker 1: little bit of a bomb in the in you know,
• 3:24
  Speaker 1: the pool. Yeah, in terms of bitcoin, what.
• 3:27
  Speaker 3: About I think we also got to throw the N
• 3:29
  Speaker 3: word out there a little bit. Yeah, the emword being manipulation.
• 3:33
  Speaker 3: I mean you think that Scott Besson isn't smart enough
• 3:36
  Speaker 3: to know that him saying the words we're not going
• 3:38
  Speaker 3: to buy that is not going to bring a dip
• 3:40
  Speaker 3: to the markets. I think there's a little bit of
• 3:42
  Speaker 3: cat and mouse happening. I think this was a planned correction.
• 3:45
  Speaker 3: I think there's a lot of whales who want to
• 3:47
  Speaker 3: buy and they just didn't want to buy all time
• 3:48
  Speaker 3: high prices. I think that this is going to be
• 3:51
  Speaker 3: another confusion, weed out some weak, hanned individuals, and then
• 3:55
  Speaker 3: before you know it, we're at new all time highs again,
• 3:57
  Speaker 3: all coin season flourishing. We're talking more about that here
• 3:58
  Speaker 3: in a second.
• 4:00
  Speaker 1: Yeah, it's crazy, and you not only that, you look
• 4:04
  Speaker 1: at the fud that's starting to happen outside of just
• 4:06
  Speaker 1: the bitcoin side of things.
• 4:08
  Speaker 2: Right here, this was of course all about Google Play.
• 4:11
  Speaker 1: Everybody was retweeting this because it was talking about self
• 4:13
  Speaker 1: custody wallets that we're going to be needing a license,
• 4:17
  Speaker 1: and of course Google came in and said, no, that's
• 4:20
  Speaker 1: not the case, guys, it's not the case. They're out
• 4:23
  Speaker 1: of scope. It's still the normal procedure. But I think
• 4:27
  Speaker 1: the point is is that you guys, and you guys
• 4:29
  Speaker 1: know this out there if you're watching our show, always
• 4:32
  Speaker 1: double check everything. Never believe the first piece, go out
• 4:36
  Speaker 1: verify it. That's the way to play it in any market,
• 4:40
  Speaker 1: much like less the crypto market. I think this is
• 4:42
  Speaker 1: a factor you guys should be doing all the time.
• 4:45
  Speaker 1: Bitcoin dominance, we got to talk about this six month low.
• 4:49
  Speaker 1: If you look at the bitcoin dominance chart right now, Tim,
• 4:53
  Speaker 1: is this the point that everybody's been talking about. Let
• 4:56
  Speaker 1: me kind of squeeze that down a little bit. It's
• 4:58
  Speaker 1: hovering right around fifty nine. It's under that sixty percent.
• 5:01
  Speaker 1: If it breaks through on this, what happens?
• 5:04
  Speaker 2: What happens?
• 5:06
  Speaker 3: Yeah, Well, there's two targets that I would be watching
• 5:08
  Speaker 3: for for a breakout. First of all, I see the
• 5:11
  Speaker 3: charts you have drawn there at interesting support level. I
• 5:13
  Speaker 3: don't actually don't have that one on my screen, but
• 5:15
  Speaker 3: I think it looks, you know, it looks checks out
• 5:16
  Speaker 3: that yellow line down there. Let me show you what
• 5:19
  Speaker 3: I have in terms of action on the charts for
• 5:22
  Speaker 3: bitcoin dominance. Go over to my screen. There's a target
• 5:25
  Speaker 3: we've been talking about now for a couple of weeks. Again,
• 5:28
  Speaker 3: I think I've said it on this channel. I don't
• 5:30
  Speaker 3: usually hide a lot of my takes from when I
• 5:32
  Speaker 3: come on with you, Paul, So I think i've said
• 5:33
  Speaker 3: this before. We got a short term target at fifty
• 5:35
  Speaker 3: eight percent. Here. What that's coming from? It's actually two
• 5:38
  Speaker 3: different things. Number One, you have the rising wedge pattern
• 5:42
  Speaker 3: that broke Barishley way back here over in July that
• 5:46
  Speaker 3: has a target down here towards that fifty eight percent.
• 5:49
  Speaker 3: But the newer one, the newer one on the block
• 5:50
  Speaker 3: is simply this explosive leg down right here, Oop, grab
• 5:54
  Speaker 3: the wrong line. Now on we guard the correct one.
• 5:55
  Speaker 3: This explosive move down here before a consolidation called a
• 5:59
  Speaker 3: bit flag. This then has a breakout target down here
• 6:03
  Speaker 3: towards fifty eight percent. That is my short term target.
• 6:06
  Speaker 3: We are definitely on our way there. I was telling
• 6:09
  Speaker 3: our community the other day, this is such a great
• 6:11
  Speaker 3: look if you're an all coin holder, if you love
• 6:14
  Speaker 3: your alt coins and you're waiting in anticipation for all
• 6:16
  Speaker 3: coin season. This is the first time since the bottom
• 6:20
  Speaker 3: of bitcoin dominance way back here in twenty twenty two
• 6:24
  Speaker 3: September twenty poinet two, we have not had a lower
• 6:27
  Speaker 3: high and a lower low since twenty twenty two. Guess
• 6:30
  Speaker 3: what we put in right here. Not only again with
• 6:32
  Speaker 3: this lower high we set in August, we have now
• 6:35
  Speaker 3: two consecutive lower lows. This is a very good sign
• 6:39
  Speaker 3: about bitcoin dominance continuing down. Fifty eight percent is my
• 6:41
  Speaker 3: first target. After that, I think it's going to be
• 6:45
  Speaker 3: pretty likely that bitcoin dominance will end up at the
• 6:48
  Speaker 3: end of this bull market somewhere between fifty to forty
• 6:51
  Speaker 3: five percent. We've actually seen bitcoin dominance trending up during
• 6:55
  Speaker 3: every cycle. You go back to twenty seventeen, we made
• 6:57
  Speaker 3: all the way down to thirty five percent, but in
• 6:59
  Speaker 3: twenty twenty one we only made it to about forty.
• 7:02
  Speaker 3: So I'm expecting another higher low here Summarten. Forty five
• 7:05
  Speaker 3: and fifty is my expectation for bitcoin dominance. But everything
• 7:08
  Speaker 3: right now is heading in the right direction for all
• 7:11
  Speaker 3: coins to still steal the show and enter the true
• 7:14
  Speaker 3: all coin season.
• 7:15
  Speaker 1: Well, and you look at stable coin dominance right here,
• 7:18
  Speaker 1: this is an amazing move up. So that could have
• 7:21
  Speaker 1: been the signal that we were in right there, we're
• 7:24
  Speaker 1: on the hourly chart. That could be the signal right
• 7:26
  Speaker 1: there where people took the top, went into stable coins
• 7:30
  Speaker 1: and are now setting on the sidelines waiting to make
• 7:32
  Speaker 1: their move strategically into a lot of all coins and
• 7:36
  Speaker 1: other assets out there.
• 7:37
  Speaker 2: With that.
• 7:37
  Speaker 3: Well, I'll do you. I'll do you one better if
• 7:39
  Speaker 3: you look more macro on that real quickly on the
• 7:41
  Speaker 3: usdcause you show the hour chart. Yeah, today we're getting
• 7:43
  Speaker 3: a little bit of a pump there. Take a look
• 7:45
  Speaker 3: what's happening on the more macro perspective, This right here,
• 7:48
  Speaker 3: I people aren't familiar is called an inverse W pattern. Yeah,
• 7:53
  Speaker 3: very very bearish formation for this chart. But as you
• 7:56
  Speaker 3: mentioned USDT domins, we actually want to see this all
• 8:00
  Speaker 3: We could see USDT collapse here. We'll take you sometimes
• 8:04
  Speaker 3: take the more aggressive one. We'll go with the lower
• 8:05
  Speaker 3: one just for conservative estimations. But we start to see
• 8:08
  Speaker 3: this move pick up again for all coins. We can
• 8:10
  Speaker 3: see USDT dominance back down to two point three percent
• 8:13
  Speaker 3: levels we haven't seen since April of twenty twenty one. Wow,
• 8:17
  Speaker 3: So that would be a very very good sign for
• 8:20
  Speaker 3: the markets. What does that mean to me? People are
• 8:21
  Speaker 3: using their USDT and they're going and buying some all
• 8:23
  Speaker 3: coins exactly.
• 8:24
  Speaker 2: Well, you've got to activate it, you know.
• 8:26
  Speaker 1: That's the key there when you do see that, and
• 8:28
  Speaker 1: of course activating it. The question is where eth is
• 8:31
  Speaker 1: five percent away?
• 8:32
  Speaker 2: Right now?
• 8:33
  Speaker 1: We're trading close on it. And it was interesting because
• 8:36
  Speaker 1: we had Bitcoin kind of steal the show on getting
• 8:38
  Speaker 1: another all time high before Ethereum on this one, because
• 8:41
  Speaker 1: I think a lot of people would have wagered Ethereum
• 8:44
  Speaker 1: might hit it first. What is your position right now
• 8:46
  Speaker 1: on on Ethereum at least in the short term over
• 8:50
  Speaker 1: the month of August.
• 8:51
  Speaker 2: Where do you feel like we play.
• 8:53
  Speaker 3: You know, eth is definitely correcting here today, but nowhere
• 8:57
  Speaker 3: close to like what Bitcoin is doing. If I show
• 8:59
  Speaker 3: that art, Yeah, we we came within, you know, very
• 9:03
  Speaker 3: very close levels. You know, the all time high, former
• 9:05
  Speaker 3: all time high is sitting here around forty eight hundred
• 9:07
  Speaker 3: and sixty nine. We made it yesterday up here on
• 9:10
  Speaker 3: almost forty eight hundred, so we're we got within one
• 9:13
  Speaker 3: hundred dollars of all time high. And yes there's a
• 9:15
  Speaker 3: little correction here, but ultimately Ethereum just kind of holding
• 9:18
  Speaker 3: up very nicely. I told you. You know, people are saying,
• 9:21
  Speaker 3: why were we rejecting? You go out to the weekly chart.
• 9:24
  Speaker 3: We were running into the weekly cloud. You're not gonna
• 9:26
  Speaker 3: just blast through this with nothing. I'm not surprised whatsoever
• 9:29
  Speaker 3: Ethereum is correcting here. But I see this more as
• 9:32
  Speaker 3: a consolidation below the all time high more so than
• 9:36
  Speaker 3: a rejection. I don't think this is a macro double top.
• 9:39
  Speaker 3: I think this is a very very common thing in crypto.
• 9:42
  Speaker 3: You hit the former all time high, you have a
• 9:44
  Speaker 3: little consolidation. Do I think it's gonna take weeks and
• 9:47
  Speaker 3: weeks and weeks. No, I think that we could have
• 9:49
  Speaker 3: we could have a new all time high this weekend.
• 9:51
  Speaker 3: We also gonna have to wait a week and a
• 9:52
  Speaker 3: half either way, though, I do not see a massive
• 9:55
  Speaker 3: pullback on ethereum coming. You know, I'll save some time.
• 9:58
  Speaker 3: We'll probably look at some other all coins as well.
• 10:00
  Speaker 3: If you're asking me how far back could this pullback be?
• 10:02
  Speaker 3: I have my eyes right now around the six and
• 10:05
  Speaker 3: eight hour charts where you see these pretty large bubbles
• 10:08
  Speaker 3: of potential cell signals coming in on Luxago's oscillator. If
• 10:11
  Speaker 3: the red reversal barishalm metam and then that big bubble
• 10:13
  Speaker 3: of money flow that could pop. So what does that
• 10:16
  Speaker 3: mean for ethereum? Theorem could make its way all the
• 10:18
  Speaker 3: way back down towards forty two Yeah, forty two hundred,
• 10:21
  Speaker 3: give or take. Before it's said and done. I'm not
• 10:24
  Speaker 3: guaranteeing we have to go down that far, but that's
• 10:26
  Speaker 3: a reasonable retracement for eth. But just to put that
• 10:30
  Speaker 3: into perspective, if you go back over here to the
• 10:33
  Speaker 3: last high or low back on August second, and you
• 10:37
  Speaker 3: use a Fibonacci tool, this very mild pullback we're talking
• 10:40
  Speaker 3: about to pull back to the point three to eight
• 10:41
  Speaker 3: to two level. That is so bullish. The reality is
• 10:44
  Speaker 3: even if we came back to thirty eight hundred, we
• 10:46
  Speaker 3: would still be bullish with Fibonacci retracement tools there, So
• 10:50
  Speaker 3: eth I'm still very bullish on it. We hit some resistance,
• 10:54
  Speaker 3: we are getting close that all time high. It's very
• 10:56
  Speaker 3: normal to have these consolidating periods, slights, l off the weekends,
• 11:01
  Speaker 3: take profit thinking bull markets over the whales, take advantage
• 11:04
  Speaker 3: by the dip, and then all of a sudden, we're
• 11:06
  Speaker 3: talking about a seventy five hundred and ten thousand dollars
• 11:08
  Speaker 3: THEEUM later this year.
• 11:09
  Speaker 1: So let me ask you this, tim If you look
• 11:12
  Speaker 1: at bitcoin and it's twenty twenty four high and the
• 11:15
  Speaker 1: comparison of how it retraced, and then look at where
• 11:19
  Speaker 1: we are right now with ethereum, how do you think
• 11:21
  Speaker 1: it's going to behave if it hits its all When
• 11:23
  Speaker 1: it hits its all time high, do you think we're
• 11:25
  Speaker 1: going to see a market correction similar to what we've
• 11:28
  Speaker 1: seen before?
• 11:29
  Speaker 3: Yeah? So what happened back in twenty twenty four when
• 11:31
  Speaker 3: bitcoin broke new all time highs but then very quickly
• 11:35
  Speaker 3: had a thirty something percent correction over the rest of
• 11:37
  Speaker 3: the summer. I don't think that's something to look at
• 11:40
  Speaker 3: and say we're going to repeat that method. First of all,
• 11:43
  Speaker 3: that end and of itself was a very weird situation
• 11:46
  Speaker 3: that had never been done before. And what I mean
• 11:48
  Speaker 3: by that is Bitcoin reaching a new all time high
• 11:50
  Speaker 3: before the having of the having year that had never happened. Ultimately,
• 11:55
  Speaker 3: what you could really chalk up twenty twenty four is
• 11:57
  Speaker 3: due to the ETF excitement, Bitcoin blasted all off a
• 12:00
  Speaker 3: lot faster and a lot stronger than anyone thought it should.
• 12:03
  Speaker 3: And for that reason, when you have an over bought situation,
• 12:07
  Speaker 3: then you pair it with some confusion. In the summer
• 12:09
  Speaker 3: of twenty twenty four, we kind of were going back
• 12:11
  Speaker 3: and forth between what would the future of our country
• 12:13
  Speaker 3: look like? Are we heading for a recession? Are we
• 12:15
  Speaker 3: not heading for a recession. I think a lot of
• 12:17
  Speaker 3: outside factors came in and went into that thirty something
• 12:20
  Speaker 3: percent correction for bitcoin. Ethereum I think is going to
• 12:23
  Speaker 3: play a completely different role now that it's testing its
• 12:26
  Speaker 3: all time highs let me show on the chart. I
• 12:28
  Speaker 3: think a better example would be, let's go back and
• 12:30
  Speaker 3: look at when Ethereum broke new all time highs back
• 12:32
  Speaker 3: in the end of twenty twenty early twenty twenty one.
• 12:35
  Speaker 3: So you have this high back in twenty seventeen, twenty eighteen,
• 12:38
  Speaker 3: when ETH reached fourteen hundred dollars and fifty fourteen fifty
• 12:42
  Speaker 3: pretty much what did ETH do as we got up there?
• 12:44
  Speaker 3: Notice here I'm on the weekly charts, but you're going
• 12:46
  Speaker 3: to see as we approached this, we had a couple
• 12:50
  Speaker 3: weeks of what consolidation, meaning we got close at all
• 12:54
  Speaker 3: time high. It took a couple of weeks, but eventually
• 12:56
  Speaker 3: we would push through. We went higher, we tested that
• 12:59
  Speaker 3: former existance as support, and then continued our way up
• 13:02
  Speaker 3: to the upside. That's what I kind of would expect
• 13:05
  Speaker 3: to happen on this one. I think that we're running
• 13:07
  Speaker 3: into it right now. We're seeing a slight bit of consolidation.
• 13:11
  Speaker 3: I would not be surprised whatsoever to see ETH shoot
• 13:14
  Speaker 3: up George forty fifty five, fifty six, maybe six thousand,
• 13:18
  Speaker 3: maybe retest forty eight hundred as a support level, and
• 13:22
  Speaker 3: then continue its way up to higher highs. I don't
• 13:25
  Speaker 3: think that their comparison is Bitcoin at twenty twenty four.
• 13:28
  Speaker 3: I think the more realistic comparison is Ethereum of twenty twenty.
• 13:31
  Speaker 2: Okay, all right, I think that's reasonable.
• 13:33
  Speaker 1: And I think the other thing that people are kind
• 13:35
  Speaker 1: of comparing ETH to is how its behavior is because
• 13:38
  Speaker 1: timing is very critical here. It's likely that we're going
• 13:41
  Speaker 1: to see we may see even staking in ETFs within
• 13:44
  Speaker 1: this cycle, and if all of that starts to brew,
• 13:47
  Speaker 1: and of course the numbers that we've seen around treasury companies,
• 13:50
  Speaker 1: all the positive nature around stable coins, all that very
• 13:53
  Speaker 1: positive for ETH. Let's go over to Solana real quick
• 13:55
  Speaker 1: hitting two ten and this is a big deal Solana.
• 13:58
  Speaker 1: Of course, is at time now now for Solana? Or
• 14:02
  Speaker 1: is this a panic buy? Now that we've got a
• 14:03
  Speaker 1: retrace on Solana, is this the time to maybe say, hey,
• 14:06
  Speaker 1: Solana is heating up here?
• 14:07
  Speaker 2: Is there an opportunity?
• 14:09
  Speaker 3: Yeah? I mean you got that new updates. I can't
• 14:11
  Speaker 3: remember what company it was, but you probably have it
• 14:13
  Speaker 3: on your head and I don't know if you had
• 14:14
  Speaker 3: to bring that up, but new ETF filings for SOLANAE.
• 14:17
  Speaker 3: Solana was actually a coin. It didn't make my list,
• 14:20
  Speaker 3: but it should have. I had a list. In yesterday's
• 14:22
  Speaker 3: live show we did where I talked about eight coins
• 14:25
  Speaker 3: that had exploded the last couple of weeks, right, done
• 14:28
  Speaker 3: very very well, clearly showing they have strengthens bullmarket. But
• 14:31
  Speaker 3: at another eight coin, eight coins that I thought, hey,
• 14:33
  Speaker 3: these are still interesting coins to watch because their fundamentals
• 14:36
  Speaker 3: are so strong, but they've kind of not performed well
• 14:40
  Speaker 3: in last week and some change. And Solana was right
• 14:42
  Speaker 3: there on the cuffs of making my list. It didn't
• 14:44
  Speaker 3: make it, but what we had after I made the
• 14:47
  Speaker 3: show yesterday, we had a Solana emergence. One of the
• 14:50
  Speaker 3: things that I was looking for is a higher high. Again.
• 14:53
  Speaker 3: I wanted to see coins put in a local higher high,
• 14:56
  Speaker 3: and the more recent high that we're talking about is
• 14:58
  Speaker 3: back at the end of July. Well, last night Solana
• 15:01
  Speaker 3: ended up doing that. We ended up breaking that two
• 15:03
  Speaker 3: hundred and six resistance level. We went higher there again.
• 15:06
  Speaker 3: Corrections are coming in. That's completely fine, not a big
• 15:09
  Speaker 3: deal whatsoever. But I treat this whole situation right now
• 15:13
  Speaker 3: as we are seeing these pullbacks as a great opportunity.
• 15:16
  Speaker 3: And like I said, Solana was on the cusp of
• 15:19
  Speaker 3: making my list of exciting explosive coins that haven't boomed
• 15:23
  Speaker 3: just yet. In the summer of twenty twenty five with
• 15:26
  Speaker 3: massive upside potential. You pair that with the concept of
• 15:30
  Speaker 3: what they just had with the ETF filing, This could
• 15:32
  Speaker 3: be very, very explosive for them. You will see, this
• 15:35
  Speaker 3: is one of the coins that is running into that
• 15:37
  Speaker 3: weekly Smart show right there. So again reason for potential,
• 15:40
  Speaker 3: some profit taken. But once we clear this barrier, we're
• 15:43
  Speaker 3: talking about moves all the way up above three hundred
• 15:46
  Speaker 3: before the next major level of resistance, and of course
• 15:48
  Speaker 3: that would be taking us to new all time highs.
• 15:52
  Speaker 1: Okay, so still a lot of bullishness here for Solana. Obviously,
• 15:56
  Speaker 1: the Seeker has not been been great in terms of arriving.
• 16:00
  Speaker 1: It's been very slow trickling out. I've got a tweet
• 16:03
  Speaker 1: on this right here. People are getting a little bit
• 16:06
  Speaker 1: upset about the Seeker not arriving. That may have a
• 16:09
  Speaker 1: little bit of a narrative even.
• 16:10
  Speaker 2: Though it's only one hundred and fifty thousand phones.
• 16:12
  Speaker 1: Granted, we're talking about a global trading community out there
• 16:15
  Speaker 1: in the Salona community, so I don't know that it
• 16:17
  Speaker 1: has a lot of effect, but it does get out
• 16:19
  Speaker 1: there in social so that's another factor you kind of
• 16:22
  Speaker 1: have to consider.
• 16:23
  Speaker 2: You look at the.
• 16:23
  Speaker 1: Market cap of Solana where it is right now, do
• 16:26
  Speaker 1: you think it has a shot at flipping XRP as
• 16:30
  Speaker 1: a market cap to become number three?
• 16:34
  Speaker 3: I think when you say does it have a shot,
• 16:35
  Speaker 3: everything has a shot. I think a couple things would
• 16:38
  Speaker 3: play out there. There's different scenarios in which Solana would
• 16:40
  Speaker 3: flip XRP. Scenario one is Solana just goes berserk and
• 16:44
  Speaker 3: maybe even flips ethereum, in which case it has to
• 16:46
  Speaker 3: flip XORP. On that way, it becomes number one layer
• 16:49
  Speaker 3: one solution. I think that's what a lot of Solana
• 16:51
  Speaker 3: holders would love to hear. The other thing, and again,
• 16:54
  Speaker 3: I don't think this is going to happen, but is
• 16:56
  Speaker 3: does XRP have a little bit of a flop? You know,
• 16:58
  Speaker 3: does some of xrps can petitors come in and maybe
• 17:01
  Speaker 3: steal some shine and all of a sudden Solana jumps it.
• 17:04
  Speaker 3: In terms of not that XRP is performing that well,
• 17:07
  Speaker 3: it actually starts to fall and Solana is just doing
• 17:09
  Speaker 3: its normal thing and growing, that absolutely is on the table.
• 17:12
  Speaker 3: I'm not gonna bet on that. I think that XRP
• 17:15
  Speaker 3: is gonna probably maintain that number three spot. I know
• 17:18
  Speaker 3: in recent days. You guys know, my beloved Shane Link
• 17:20
  Speaker 3: has been performing well and people are all over the
• 17:22
  Speaker 3: internet chain Link is gonna steal attention and stuff away
• 17:26
  Speaker 3: from XRP. I don't think that's gonna happen either. I
• 17:28
  Speaker 3: think XRP has a very, very bright future, as does Solana.
• 17:32
  Speaker 3: XRP just has such a great head start, and I
• 17:36
  Speaker 3: think if I'm a betting man right now, I'm gonna
• 17:38
  Speaker 3: invest in both. I think my ROI on Solana is
• 17:41
  Speaker 3: still greater than my ROI from here and out on XRP.
• 17:44
  Speaker 3: But I'm not gonna make a prediction that Solana flips
• 17:46
  Speaker 3: it just yet. That could change the next couple of
• 17:49
  Speaker 3: months as things develop. If any bad news comes out
• 17:52
  Speaker 3: for XRP, that's absolutely on the table. But right now,
• 17:55
  Speaker 3: XRP is strong, Solana is doing well. I think they
• 17:57
  Speaker 3: keep their current rankings moving forward.
• 17:59
  Speaker 2: Yeah. Well, the issue is with XRP.
• 18:02
  Speaker 1: I still believe is the ETF is going to be
• 18:04
  Speaker 1: much more well received in the community, especially in structured
• 18:09
  Speaker 1: capital that I think will accelerate it. We may see
• 18:12
  Speaker 1: one of the biggest ETFs out there with the launch
• 18:14
  Speaker 1: of an XRP ETF, and that's just around the corner.
• 18:17
  Speaker 1: It's very possible because it happened as early as September,
• 18:21
  Speaker 1: so lot definitely on the plate right here. I want
• 18:24
  Speaker 1: to go over to an either or, well maybe not
• 18:26
  Speaker 1: either or, but how would you play these two tokens?
• 18:29
  Speaker 1: One of course is Optimism and then also Arbitram. Okay,
• 18:34
  Speaker 1: when you're looking at Optimism and Arbitram, both these are potentials.
• 18:39
  Speaker 2: How would you play these?
• 18:40
  Speaker 1: Would you play in both as investments right now or differently?
• 18:44
  Speaker 3: I think that's a very interesting question because you asking
• 18:47
  Speaker 3: me specifically Arbitrum or Optimism. I want to be honest,
• 18:50
  Speaker 3: not that I think these coins can't make people money.
• 18:53
  Speaker 3: I'm not investing in either one of those. I actually
• 18:55
  Speaker 3: see the biggest one of them all being Option C
• 18:58
  Speaker 3: and that's Aerodrome. Yeah. So I put a video out
• 19:00
  Speaker 3: the other day about Aerodrome, and in it, I don't
• 19:03
  Speaker 3: go crazy into the fundamentals, but what we talk about
• 19:06
  Speaker 3: in that video is the number one, layer two solution
• 19:09
  Speaker 3: for Ethereum is Base. But Base isn't a token. Base
• 19:13
  Speaker 3: of course is a part of coin Base. You can
• 19:14
  Speaker 3: go buy the stock, but if you're looking for a
• 19:16
  Speaker 3: cryptocurrency to benefit from Base protocol, there's none out there
• 19:21
  Speaker 3: more benefited than Eer, which is the number one decks
• 19:23
  Speaker 3: on the platform. So going into the aerodrome charge, there's
• 19:26
  Speaker 3: actually a lot of bullish things going on here on
• 19:29
  Speaker 3: a longer time frame. First of all, you got a
• 19:31
  Speaker 3: W pattern in play here, slightly slanted, but just like
• 19:34
  Speaker 3: I talked about the inverted W pattern a little bit
• 19:36
  Speaker 3: ago with a different coin, I think we were looking
• 19:38
  Speaker 3: at the tether dominance, this one again more extreme version.
• 19:42
  Speaker 3: You would look at this volatility and say a breakout
• 19:45
  Speaker 3: of this W pattern would lead for a breakout all
• 19:47
  Speaker 3: the way up here towards seventeen dollars. You also, though,
• 19:51
  Speaker 3: could take a look at a longer timeframe movement here
• 19:54
  Speaker 3: and discuss the potential bullflag pattern that is in play here.
• 19:57
  Speaker 3: Where we did put in lower lows and slightly lower
• 20:00
  Speaker 3: highs up here, but this attached to an explosive move
• 20:03
  Speaker 3: much earlier, will be perceived by some as a bullflag
• 20:07
  Speaker 3: pattern all of a sudden. This one is also predicting
• 20:10
  Speaker 3: for big prices up here. That is, the actually as
• 20:12
  Speaker 3: high as the W pattern that one's going to eight dollars.
• 20:14
  Speaker 3: So short term, these are very bullish formations for Aerodrome.
• 20:18
  Speaker 3: We are running into some resistance here. Again, if you
• 20:20
  Speaker 3: were to draw this pattern like this along with the
• 20:23
  Speaker 3: weekly smart trail, we are bouncing right there and probably
• 20:25
  Speaker 3: going to have some consolidation. But after that breakout happens,
• 20:29
  Speaker 3: it's a big, big move to the upside. After that,
• 20:32
  Speaker 3: you know, you can come in here and we can
• 20:34
  Speaker 3: look at Fibonacci extension levels, which is what you do
• 20:37
  Speaker 3: when you look at new all time highs. You know
• 20:39
  Speaker 3: you have golden pocket around nine dollars. We have some
• 20:42
  Speaker 3: big moves coming up here towards forty. The reason why
• 20:45
  Speaker 3: I'm looking up towards forty dollars potentially for Aerodrome comes
• 20:49
  Speaker 3: from just mathematics. Like I said here second ago, if
• 20:53
  Speaker 3: we see aerodrome, be as if it was the number
• 20:56
  Speaker 3: one benefactor from an eight layer two solution, simple math
• 21:01
  Speaker 3: would say, go back and look at Polygon, the number
• 21:03
  Speaker 3: one eighth layer two solution. Back in twenty twenty one,
• 21:06
  Speaker 3: it had roughly a zero point two percent dominance of
• 21:09
  Speaker 3: a three trillion dollar market cap for cryptocurrency. Let's just
• 21:12
  Speaker 3: pretend pretend that Aerodrome matches that point two percent. I
• 21:17
  Speaker 3: think it can go higher and it gets up to
• 21:19
  Speaker 3: that would put it at a twenty five billion dollar
• 21:21
  Speaker 3: market cap. Forget the exact math, but that alone is
• 21:24
  Speaker 3: going to put the price action somewhere in the world
• 21:26
  Speaker 3: of twenty five to thirty dollars the sometime next year
• 21:30
  Speaker 3: if that one plays out. And so there's a combination
• 21:33
  Speaker 3: of yes, there's charts, I'm up trading it, but that's
• 21:35
  Speaker 3: actually more of a fundamental play for me thinking through, Hey,
• 21:38
  Speaker 3: if this is this year's polygon, if this does take
• 21:42
  Speaker 3: over as the number one benefacture of layer two solutions
• 21:45
  Speaker 3: to a theory in which I still am very bullish on.
• 21:47
  Speaker 3: That's why I'm kind of saying twenty five to fifty
• 21:49
  Speaker 3: billion dollar market cap is my expectation for aero.
• 21:53
  Speaker 1: All right, So that's very aggressive out there, guys, just
• 21:56
  Speaker 1: as a reminder, not financial advice, get out there, do
• 21:59
  Speaker 1: your research. Also track Aerodrome because they have been historically
• 22:03
  Speaker 1: aggressive on how they all say, Well, they like to
• 22:07
  Speaker 1: sell some tokens occasionally, so you know, to.
• 22:10
  Speaker 2: Be aware of that.
• 22:11
  Speaker 1: You guys will understand what I'm talking about if you
• 22:13
  Speaker 1: go out and do your research on that. Let's get
• 22:15
  Speaker 1: into avalanche. Another big news right here. Capital markets now
• 22:19
  Speaker 1: getting ready to move on what is potentially an omni
• 22:23
  Speaker 1: chain order book. This is an l one network for
• 22:26
  Speaker 1: tokenis US equities. All is going to be powered by Avalanche.
• 22:30
  Speaker 1: This is called Donari and if you look at what
• 22:33
  Speaker 1: is happening with stock X, we're going to see token
• 22:36
  Speaker 1: is stocks here. The NARI could be a big play
• 22:38
  Speaker 1: for Avalanche. What's your opinion right now with Avax as
• 22:42
  Speaker 1: an investment where it's playing.
• 22:44
  Speaker 3: Yeah, Avax. When I talked about that list earlier, the
• 22:46
  Speaker 3: eight coins that I'm watching that could have big explosive moves,
• 22:49
  Speaker 3: Avax made that list. This one I can show you
• 22:52
  Speaker 3: on the charts here directly what's going on here. Once again,
• 22:55
  Speaker 3: you see that W pattern playing out here with a
• 22:57
  Speaker 3: flat level of resistance. This target. It brings it up
• 23:00
  Speaker 3: towards that weekly smart trail. Remember a lot of all
• 23:03
  Speaker 3: coins are testing their weekly smart trails right now. Maybe
• 23:05
  Speaker 3: consolidating Avax not so lucky. But you know what I say,
• 23:08
  Speaker 3: that gives me opportunity. There's a bigger upside here. We
• 23:11
  Speaker 3: still have the buy signals with green reversal's bullshamentum and
• 23:14
  Speaker 3: positive money flow coming out on the weekly chart. That
• 23:17
  Speaker 3: W pattern takes us up here around the forty six
• 23:20
  Speaker 3: dollars range, which coincidentally, let's turn this off and quiet
• 23:24
  Speaker 3: some noise. Here is the resistance level of a longer
• 23:27
  Speaker 3: time frame falling channel. That falling channel, if we get
• 23:31
  Speaker 3: a breakout there, which again the timeline kind of adds
• 23:33
  Speaker 3: up all of a sudden, then we're looking at a
• 23:35
  Speaker 3: breakout pattern all the way up to one hundred and
• 23:37
  Speaker 3: fifty dollars for AVAX. So a lot of moves potentially
• 23:41
  Speaker 3: still coming for AVAX to the upside. And again it's
• 23:44
  Speaker 3: a coin that I would put in the camp of
• 23:45
  Speaker 3: being over sold. A lot of coins might be slightly
• 23:48
  Speaker 3: over barbered. Now Avax dramatically over sold, but still having
• 23:52
  Speaker 3: some great headlines, great partnerships that to me equals great opportunity.
• 23:56
  Speaker 3: Avax still a long way to go to the upside.
• 23:58
  Speaker 1: Well, and they may be playing into a narrative that
• 24:01
  Speaker 1: could shift out beyond the eight run and that is
• 24:04
  Speaker 1: tocon I stocks. This is why Denari, you know we're
• 24:07
  Speaker 1: tracking it right here. You've got Dnari versus Swarm even
• 24:10
  Speaker 1: Wisdom Tree right there. But we've kind of removed some
• 24:12
  Speaker 1: of the securities there. But this is something that Solana
• 24:16
  Speaker 1: has been very early on, it's very possible we could
• 24:18
  Speaker 1: see both Solana and Avalanche start to see that narrative
• 24:21
  Speaker 1: play out for them around token I stocks. So pay
• 24:25
  Speaker 1: attention to that, guys as we start to move forward here. Yeah, listen, guys,
• 24:30
  Speaker 1: this is going to be good because there's a lot
• 24:32
  Speaker 1: of activity right now in the markets. We're probably going
• 24:34
  Speaker 1: to see a lot going in the way of all
• 24:36
  Speaker 1: coins very soon. So we're going to get you on
• 24:38
  Speaker 1: again with Evan. We did a we did a big
• 24:44
  Speaker 1: portfolio with Evan, and I want you to give us
• 24:46
  Speaker 1: some charts on that one the next time we have
• 24:48
  Speaker 1: you to take a look, give us a double check it.
• 24:52
  Speaker 1: Eva's a portfolio. Hey, Tim, thanks for coming in today.
• 24:55
  Speaker 1: We appreciate it absolutely.
• 24:56
  Speaker 3: Paul, thanks for having me.
• 24:58
  Speaker 1: You bet all right, So guys, make sure if you're
• 24:59
  Speaker 1: not the Diamond Circle, get in on that right now.
• 25:01
  Speaker 1: That's our own special group that is absolutely free for
• 25:04
  Speaker 1: you to join. All you have to do is click
• 25:06
  Speaker 1: the link down below, and of course catch me out
• 25:08
  Speaker 1: there on X at Paul Baron. I'll catch you next
• 25:11
  Speaker 1: time right here on the Paul Baron Show.