Latest / The Paul Barron Crypto Show / Tariff Death Cross Day?📉 Crypto Technical Analysis w/ Evan Aldo ​

Transcript

Tariff Death Cross Day?📉 Crypto Technical Analysis w/ Evan Aldo ​ · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Berrel. Welcome back into tech path.
• 0:08
  Speaker 2: As a reminder, you guys want to get into some
• 0:10
  Speaker 2: self costody, which is a good thing to do if
• 0:12
  Speaker 2: you're in crypto right now and you're starting to maybe
• 0:16
  Speaker 2: move from tokens off of centralized exchanges. Tangum is the
• 0:19
  Speaker 2: route to take. This is one of the best self
• 0:22
  Speaker 2: custing wallet's out there.
• 0:23
  Speaker 1: And get the three card set. Always do that. It's
• 0:25
  Speaker 1: the way to go.
• 0:26
  Speaker 2: All right, I want to go to a clip here
• 0:27
  Speaker 2: before I bring in Evan, who's going to be joining
• 0:29
  Speaker 2: me today, and we're going to be doing some charting
• 0:31
  Speaker 2: for you guys. We're going to take a look at
• 0:33
  Speaker 2: a whole slew of all coins eat as well as bitcoin.
• 0:37
  Speaker 2: But before we get into that, we got to go
• 0:40
  Speaker 2: to what was happening in Congress around the potential confirmation
• 0:45
  Speaker 2: of Paul Atkins.
• 0:45
  Speaker 1: This is the new SEC chair.
• 0:47
  Speaker 2: Now we're going to do a whole video, but we
• 0:49
  Speaker 2: pulled this into one clip to summarize it for you guys.
• 0:52
  Speaker 1: Take a look.
• 0:53
  Speaker 3: I'll start you mister Atkins. You just have to be
• 0:56
  Speaker 3: able to breathe and not be a complete raging lunatic,
• 0:59
  Speaker 3: and you're going to be the this SEC commissioner compared
• 1:01
  Speaker 3: to the last guy. I mean, congratulations coming after Gary Gansler,
• 1:05
  Speaker 3: who objectively probably was one of the stupidest people in government.
• 1:09
  Speaker 2: Well, I guess that's a summary there, you could call
• 1:11
  Speaker 2: it that. Basically, what they're saying is is that we're
• 1:13
  Speaker 2: going to see I think, a future with Paul Atkins
• 1:17
  Speaker 2: going down for the SEC. So make sure and of
• 1:21
  Speaker 2: course continue to follow this because it'll be interesting, I
• 1:25
  Speaker 2: think as he starts to take over at the SEC.
• 1:27
  Speaker 2: Joining me right now, of course is Evan Aldo. You
• 1:29
  Speaker 2: guys have seen him on our show many times. By
• 1:31
  Speaker 2: the way, if you're not over on Evan's channel, just
• 1:34
  Speaker 2: over on YouTube, visit Evan Aldo over there. It's just
• 1:38
  Speaker 2: at evan Aldo on YouTube.
• 1:40
  Speaker 1: So check it out.
• 1:41
  Speaker 2: Hey, let's jump over to bitcoin real quick. Here's Ben
• 1:43
  Speaker 2: Cow and he's talking about this death cross that's coming up.
• 1:47
  Speaker 2: You may not notice the local news trends to occur
• 1:49
  Speaker 2: around that time, Local o's trend to occur around that time,
• 1:54
  Speaker 2: and we've seen a local low right now around that
• 1:56
  Speaker 2: seventy nine K mark. My question to you is are
• 1:58
  Speaker 2: we going to revisit that anytime soon?
• 2:01
  Speaker 1: What are your thoughts.
• 2:03
  Speaker 4: So you know, the death cross, it's actually more of
• 2:05
  Speaker 4: a bullish sign than a bearish sign, as many people
• 2:07
  Speaker 4: would say. I don't even look at it too much.
• 2:09
  Speaker 4: I just look at other things in the charts that
• 2:11
  Speaker 4: kind of tell me the same thing. But you know,
• 2:12
  Speaker 4: I think you could have a little bit more downside
• 2:15
  Speaker 4: potential here. I mean, we're hitting that eighty three. Things
• 2:19
  Speaker 4: do look a little bit, you know, concerning. You do
• 2:21
  Speaker 4: have kind of your wave to the downside here in
• 2:23
  Speaker 4: the daily, but your money flows still okay. So my
• 2:27
  Speaker 4: view here is that even if we do come down
• 2:29
  Speaker 4: maybe seventy nine, maybe even seventy seven over the weekend,
• 2:31
  Speaker 4: over the next you know, beginning of April or something,
• 2:35
  Speaker 4: I do think that you're eventually gonna form that kind
• 2:38
  Speaker 4: of turnaround and come back up here, you know, I mean,
• 2:41
  Speaker 4: going on to your point too. The two day is
• 2:43
  Speaker 4: a little bit concerning here that money flow VWOP coming down,
• 2:47
  Speaker 4: But I mean, I don't think you're gonna go down
• 2:49
  Speaker 4: that much more below the seventy six kind of area
• 2:52
  Speaker 4: right there. I still think, you know, when you zoom
• 2:54
  Speaker 4: out here on your sixth day, you're forming a nice
• 2:57
  Speaker 4: wave right here. Last time we have I mean, this
• 3:00
  Speaker 4: is really the thing that I've been waiting for, that
• 3:02
  Speaker 4: we'll probably see you within a week or two as
• 3:05
  Speaker 4: the death cross normally you know, mark's a bottom within
• 3:07
  Speaker 4: a week or two something of this nature. This may
• 3:10
  Speaker 4: be a little bit way too optimistic. I don't think
• 3:12
  Speaker 4: we're gonna go up to one thirty six by summer,
• 3:15
  Speaker 4: but maybe up to one nineteen, maybe up to one twenty.
• 3:18
  Speaker 4: Then you get that typical summer lull. Maybe retest one
• 3:21
  Speaker 4: hundred and then what I think, what I've been thinking
• 3:24
  Speaker 4: for a while, and to the end of the year,
• 3:26
  Speaker 4: hopefully a top around one hundred and fifty K. I
• 3:28
  Speaker 4: don't see any reason to believe we can't do that.
• 3:30
  Speaker 4: So in summary, I don't think we're gonna go much
• 3:33
  Speaker 4: below seventy seven K or even retest it.
• 3:35
  Speaker 2: So yeah, listen, that would be a two x move
• 3:38
  Speaker 2: on bitcoin if it does retest somewhere in that mid
• 3:42
  Speaker 2: range seventies.
• 3:43
  Speaker 1: Here, let me ask you this.
• 3:45
  Speaker 2: Evan, where would be the point of a breakdown that
• 3:48
  Speaker 2: would concern you on bitcoin in terms of price? Would
• 3:52
  Speaker 2: it be the seventy five K mark?
• 3:53
  Speaker 1: Where would it? Where do you feel like the chart breaks.
• 3:55
  Speaker 2: Down and we could see a retlacement on the underbarish side.
• 4:00
  Speaker 4: Under seventy K is where I would start to get
• 4:02
  Speaker 4: really concerned, because you look at, you know, your big
• 4:04
  Speaker 4: point here the highs of twenty twenty four. Really under
• 4:07
  Speaker 4: seventy two K. I guess some wigs below that wouldn't
• 4:09
  Speaker 4: be the worst. But if you were to go under
• 4:12
  Speaker 4: you know that seventy if you were to go under
• 4:14
  Speaker 4: like thirty five percent, that would be lower than what
• 4:17
  Speaker 4: we typically do in your previous you know, post having years.
• 4:21
  Speaker 4: This one was thirty one. Right here, we could go back.
• 4:23
  Speaker 4: I think I mapped it out right here. This one
• 4:24
  Speaker 4: was thirty four. If you go below thirty four percent,
• 4:27
  Speaker 4: then I would get I would start to get seriously concerned.
• 4:30
  Speaker 4: But until then I think we're fine.
• 4:32
  Speaker 2: Well, there's two factors to really watch in the macro
• 4:36
  Speaker 2: side of things.
• 4:36
  Speaker 1: Obviously, the biggest factor.
• 4:38
  Speaker 2: Right now is these tariffs that are looming on April second,
• 4:41
  Speaker 2: but also the PCE came in. We saw February PCE
• 4:45
  Speaker 2: come in the Fed's preferred inflation measure. This was two
• 4:47
  Speaker 2: and a half percent, in line with the expedition of
• 4:49
  Speaker 2: two and a half core core PC in inflation rises
• 4:53
  Speaker 2: to two point eight, which was above the expectation of
• 4:56
  Speaker 2: two point seven, So that was a little bit stickier
• 4:59
  Speaker 2: I think for what Chair Pal has been trying to
• 5:01
  Speaker 2: do and whether or not we will see a rate
• 5:05
  Speaker 2: adjustment in May, that's the real question mark. So these
• 5:08
  Speaker 2: next two reports on inflation are going to be pretty critical.
• 5:12
  Speaker 2: I want to go to a couple of clips here
• 5:13
  Speaker 2: before we get into some of our tokens. This is
• 5:16
  Speaker 2: the first one where the Fed's actually asking for some clarity.
• 5:19
  Speaker 5: Take a look Richmond FED President Tom Barkin speaking at
• 5:24
  Speaker 5: this hour, saying that a moderately restrictive stance for of
• 5:27
  Speaker 5: the FED quote is a good place to be. But
• 5:30
  Speaker 5: he talks a lot about uncertainty, saying the Fed is
• 5:32
  Speaker 5: well positioned to adjust if conditions shift. The FED is
• 5:35
  Speaker 5: quote waiting for the fog to clear, and he said
• 5:39
  Speaker 5: sentiment could the decline, and sentiment could be quieting demand.
• 5:43
  Speaker 6: Here's this quote.
• 5:44
  Speaker 5: That's uh, I think the most important thing he said
• 5:46
  Speaker 5: with all this change, a dense fog has fallen. It's
• 5:50
  Speaker 5: not every day forecasting is hard type of fog. It's
• 5:53
  Speaker 5: a zero visibility, pull over and turn on your hazard's
• 5:57
  Speaker 5: type of fog. He was on to say business is
• 5:59
  Speaker 5: not pulling back, but they're not pushing forward either. Because
• 6:02
  Speaker 5: of the uncertainty. It's hard to imagine firms hiring in
• 6:05
  Speaker 5: the current environment, or hiring more than they are right now.
• 6:08
  Speaker 6: Anyway.
• 6:09
  Speaker 5: The number of large a number of large firms, he says,
• 6:11
  Speaker 5: have warned about weaker consumer demand and credit and equity
• 6:15
  Speaker 5: markets require stability, which it appears they're not getting. I
• 6:18
  Speaker 5: don't know, Morgan. At some point, it sounds like the
• 6:20
  Speaker 5: FED is maybe talking to or even pleading with the
• 6:23
  Speaker 5: administration for some clarity.
• 6:25
  Speaker 2: Here, all right, So that's that when you listen to
• 6:28
  Speaker 2: that statement and the fact that we have the FED asking,
• 6:33
  Speaker 2: you know, kind of the framework around where the market
• 6:35
  Speaker 2: exists currently, this is a lot of uncertainty. Then you
• 6:39
  Speaker 2: look at the potential of a bottom being in and
• 6:43
  Speaker 2: whether or not we can see a V shape recovery. Now,
• 6:45
  Speaker 2: I'm going to play one more clip for you, Evan,
• 6:47
  Speaker 2: and then we'll move into some charts around this and
• 6:50
  Speaker 2: we'll stay on the S and P first, but I
• 6:52
  Speaker 2: want to play this clip from Tom Lee.
• 6:53
  Speaker 1: Take a look.
• 6:55
  Speaker 7: We came into the beginning of this year it was
• 6:56
  Speaker 7: all about animal spirits, and it seems like it's moved
• 7:00
  Speaker 7: to animals in hibernation from animal spirits, and that could
• 7:04
  Speaker 7: that can translate into a bit slower growth for a
• 7:06
  Speaker 7: couple of quarders.
• 7:07
  Speaker 8: How much does getting some sort of certainty now frame
• 7:14
  Speaker 8: the investment thesis for for how you position yourself moving forward.
• 7:20
  Speaker 9: I think that's exactly what's happening now, Morgan. I don't
• 7:25
  Speaker 9: blame any business or investor for saying, look, there's so
• 7:27
  Speaker 9: much uncertainty, I can't make a decision. I think that's
• 7:30
  Speaker 9: why Rick readers talking about animals and hibernation. But as
• 7:34
  Speaker 9: we start to think about the second half of this year,
• 7:36
  Speaker 9: first of all, we've already had the collapse and sentiment.
• 7:39
  Speaker 9: We've seen eight hundred and fifty billion of cash raised
• 7:41
  Speaker 9: over the past year on money market balances, and then
• 7:45
  Speaker 9: in the second half we were looking for possibly tax reform,
• 7:48
  Speaker 9: which really propelled stocks in twenty seventeen. So I think
• 7:52
  Speaker 9: that the odds of a V shaped recovery in stocks
• 7:56
  Speaker 9: that come after April two is just extremely high, because
• 8:00
  Speaker 9: because we've already sequenced a lot of the panic that
• 8:02
  Speaker 9: people saw in twenty eighteen, I think it's already taken place.
• 8:06
  Speaker 8: So what would you be buying right now.
• 8:08
  Speaker 9: I think exhibit A for a V shaped recovery is
• 8:10
  Speaker 9: going to be Tesla, and I think it's you know,
• 8:12
  Speaker 9: it's already recovered more than fifteen percent. But I think
• 8:15
  Speaker 9: if Tesla is leading us into this balance, that's a
• 8:18
  Speaker 9: bold case for Max seven to be the group to
• 8:21
  Speaker 9: own in the next few months.
• 8:23
  Speaker 2: All right, So there's Tom Lee going on the flip
• 8:25
  Speaker 2: side of this. I want to take a look at
• 8:28
  Speaker 2: the Tesla chart because what he's talking about is this
• 8:31
  Speaker 2: right here, the dip on Tesla may be generational buying opportunity.
• 8:36
  Speaker 2: A lot of people looking at this as you know,
• 8:38
  Speaker 2: after this low coming in and also just the negative
• 8:40
  Speaker 2: that side of things that we're seeing on Tesla right now.
• 8:44
  Speaker 2: Then you have the whole issue with the Chinese bid
• 8:48
  Speaker 2: is absolutely just flying off the charts in terms of
• 8:51
  Speaker 2: the potential.
• 8:52
  Speaker 6: For growth.
• 8:54
  Speaker 1: Tesla. Would this be a buy for you right now
• 8:57
  Speaker 1: or not?
• 8:58
  Speaker 6: I think so.
• 8:59
  Speaker 4: I agree, And I think you know, when you look
• 9:01
  Speaker 4: at Tesla here, you know, the main pattern is, you know,
• 9:03
  Speaker 4: you had your bottom in December of twenty two and
• 9:06
  Speaker 4: ever since then, look at this nice pattern, especially for
• 9:10
  Speaker 4: something with this big of a market cap. You know,
• 9:12
  Speaker 4: something that's you know, it's something like Tesla, you know,
• 9:16
  Speaker 4: trigger wave to kind of this anchor wave down here,
• 9:18
  Speaker 4: and you had this correction, you know when you zoom
• 9:20
  Speaker 4: at doesn't look like much, but it was a fifty
• 9:22
  Speaker 4: five percent correction. Generally, I would be very surprised if
• 9:26
  Speaker 4: you make a lower low than there. I mean, I
• 9:28
  Speaker 4: guess it's possibly could retest that area two hundred, but
• 9:31
  Speaker 4: in all likelihood, you got a good shot of generally
• 9:33
  Speaker 4: continuing forward.
• 9:34
  Speaker 6: You came down a little bit. That's healthy.
• 9:36
  Speaker 4: I would hope for a bounce around two fifty eight,
• 9:39
  Speaker 4: maybe a little bit lower than we are right now
• 9:41
  Speaker 4: or around these points. But yeah, I mean, Tesla's got
• 9:43
  Speaker 4: a lot of potential here, and if you could see
• 9:45
  Speaker 4: most of it kind of on the higher time frames, well,
• 9:48
  Speaker 4: especially the weekly I mean this wave right here forming,
• 9:51
  Speaker 4: I mean, we're a little bit early, but I mean
• 9:54
  Speaker 4: my main view here is to you know, kind of
• 9:56
  Speaker 4: follow some trajectory like this and hopefully it up to
• 10:01
  Speaker 4: maybe six hundred and a year. You know, bigcoin gets
• 10:04
  Speaker 4: up to one fifty. I could absolutely see this at
• 10:05
  Speaker 4: six hundred, so it may even outperform Bitcoin into the
• 10:09
  Speaker 4: end of the year.
• 10:09
  Speaker 2: Potentially, my gosh, Evan, that would be a three x
• 10:12
  Speaker 2: you know on something well two and a half.
• 10:14
  Speaker 1: Yeah, little and a half, yeah, two and a half.
• 10:16
  Speaker 2: But the point that you're making, I guess the thing
• 10:19
  Speaker 2: you have to consider with Tesla is they're going to
• 10:22
  Speaker 2: be the least affected by these auto tariffs most likely. Again,
• 10:26
  Speaker 2: we haven't seen any carveouts yet. They're possible that some
• 10:29
  Speaker 2: of these countries are going to get some carveouts. But
• 10:32
  Speaker 2: Tesla being the most American made though a lot of
• 10:35
  Speaker 2: its cars I think on average around seventy eighty percent
• 10:38
  Speaker 2: of its cars are sourced.
• 10:40
  Speaker 1: And made here in the US.
• 10:42
  Speaker 2: But these tariffs going to continue to put a lot
• 10:44
  Speaker 2: of pressure on the car market. We did a video
• 10:46
  Speaker 2: on this yesterday. I want to also go over to
• 10:49
  Speaker 2: robin Hood because this is another stock, especially more related
• 10:52
  Speaker 2: to crypto, that could play into this. Now, this is
• 10:55
  Speaker 2: Anthony Pampliano on a clip talking about robin Hood's strategy.
• 10:59
  Speaker 1: Take a look.
• 11:01
  Speaker 10: In my opinion, Robinhood's perfected the costco model for finance.
• 11:05
  Speaker 10: They're offering every single financial service they can, and they're
• 11:08
  Speaker 10: doing it at the lowest cost possible. We already know
• 11:11
  Speaker 10: that they have no commissions on trading. That was a
• 11:13
  Speaker 10: big innovation in finance. But now the Robinhood app. They've
• 11:16
  Speaker 10: also launched a five dollars per month subscription service that
• 11:19
  Speaker 10: they're calling Robinhood Gold, and it gives members up to
• 11:21
  Speaker 10: four percent on their uninvested cash, it allows them to
• 11:24
  Speaker 10: have extended trading hours, and there's interest free margin borrowing.
• 11:27
  Speaker 10: Prediction market Kashi is showing a ninety five percent odds
• 11:30
  Speaker 10: that Robinhood's going to report more than three million Robinhood
• 11:33
  Speaker 10: Gold subscribers this quarter. That's a huge number. And yesterday
• 11:38
  Speaker 10: the company took it a step further. They went ahead
• 11:40
  Speaker 10: and they announced something called Robinhood Strategies.
• 11:42
  Speaker 1: It's a wealth.
• 11:43
  Speaker 10: Management service with a twenty five basis point annual fee
• 11:46
  Speaker 10: and then they cap it at two hundred and fifty
• 11:47
  Speaker 10: bucks to make it affordable for any of their premium
• 11:49
  Speaker 10: Gold subscribers. And if you weren't impressed by all of that,
• 11:52
  Speaker 10: the fintech also launched a brand new feature where you
• 11:55
  Speaker 10: can have physical cash hand delivered to your front door.
• 11:58
  Speaker 10: So it's going to be hard for legacy banks to
• 12:00
  Speaker 10: pete if software companies are able to pull off logistical
• 12:02
  Speaker 10: and intricate services just like that all right.
• 12:06
  Speaker 2: So a lot happening there, Devin, What would you do
• 12:09
  Speaker 2: on this one? Would you make a play on this one?
• 12:12
  Speaker 4: So it does look a little bit more concerning in
• 12:16
  Speaker 4: the very short term because you have this trigger wave
• 12:18
  Speaker 4: money flow coming down on the three day. Now you're
• 12:21
  Speaker 4: printing a red dot after that that may not confirm.
• 12:23
  Speaker 6: You have three days to confirm.
• 12:25
  Speaker 4: With this drop down, with the you know, bad inflation report,
• 12:27
  Speaker 4: tariffs and all that, it looks a little bit iffy
• 12:30
  Speaker 4: in the short term. I do think you've got a
• 12:32
  Speaker 4: good shot of retesting potentially thirty three dollars. But if
• 12:36
  Speaker 4: the market can continue, if bitcoin can continue, I don't
• 12:39
  Speaker 4: see any reason why this can't potentially retest the all
• 12:43
  Speaker 4: time highs at eighty four dollars into the summer, into
• 12:46
  Speaker 4: the end of the year. Here, I would think on
• 12:48
  Speaker 4: the high for the year, most optimistic of what you
• 12:51
  Speaker 4: can get to, maybe a little over a double like
• 12:54
  Speaker 4: two and a half, similar to Tesla, maybe that one
• 12:56
  Speaker 4: to three area. So there's a lot of potential. But
• 12:59
  Speaker 4: for the very short term, like we talked about with crypto,
• 13:01
  Speaker 4: and we talked about and all that, I do think there,
• 13:03
  Speaker 4: you know, it's hard to say but I do think
• 13:04
  Speaker 4: there's a decent shot of retesting that thirty three. I
• 13:07
  Speaker 4: wouldn't get concerned though, unless you did something like this,
• 13:10
  Speaker 4: if you lost thirty three and went down to like
• 13:12
  Speaker 4: twenty five, then it gets a little bit scary. But
• 13:14
  Speaker 4: I would hope for something like this and then you know,
• 13:17
  Speaker 4: recover upwards. So as long as you hold that thirty three,
• 13:19
  Speaker 4: I think we're good.
• 13:20
  Speaker 1: That may be a place.
• 13:22
  Speaker 2: Let's go over to ethereum Wales are buying right now.
• 13:25
  Speaker 2: We've got about another hundred million in ETH. I'm kind
• 13:28
  Speaker 2: of zoom in on that for you. Also, ETF staking
• 13:31
  Speaker 2: is now starting to see some activity. It looks like
• 13:34
  Speaker 2: we're going to have some ethereum staking on ETF's maybe
• 13:38
  Speaker 2: this year. So all of this playing in positive for
• 13:42
  Speaker 2: ETH right now? Or where would you play this after
• 13:44
  Speaker 2: it regressed off of the two k mark?
• 13:47
  Speaker 6: So ETH?
• 13:48
  Speaker 4: I mean there is some fear definitely with ETH, especially
• 13:51
  Speaker 4: monetary policy, especially inflation. You know, came in hotter and expected.
• 13:54
  Speaker 4: But when we look at the charts, we're still seeing
• 13:56
  Speaker 4: a very very sign excuse me, a very bullish sign.
• 14:00
  Speaker 4: Bullish sign on the sixth day. You know, it's a
• 14:02
  Speaker 4: deep anchor wave. You see that deep anchorwave with the
• 14:04
  Speaker 4: green doppolo. The last time that happened was September twenty four.
• 14:07
  Speaker 4: That was a huge jump up. Last time before that
• 14:10
  Speaker 4: was the actual bottom in June of you know, twenty
• 14:12
  Speaker 4: twenty two. So if we were to do something like this,
• 14:15
  Speaker 4: this is the most optimistic of all scenarios. This would
• 14:17
  Speaker 4: be just insane, and this would be probably some manipulation
• 14:21
  Speaker 4: would be talked about, keeping the price down right now,
• 14:24
  Speaker 4: if this does happen into the next month, potentially recovery
• 14:27
  Speaker 4: up to four thousand. I think that's a little bit
• 14:29
  Speaker 4: too optimistic. But if we compare it to kind of
• 14:31
  Speaker 4: this area, you may see something like this maybe into
• 14:35
  Speaker 4: the end of May, potentially at low three low three thousands,
• 14:40
  Speaker 4: and then hopefully if you can continue on that general trajectory,
• 14:43
  Speaker 4: maybe seeing a new all time high by the end
• 14:46
  Speaker 4: of summer, by some time in summer, and then I
• 14:48
  Speaker 4: still hope, you know, it is a little bit since
• 14:51
  Speaker 4: we're this low, it is a little bit you know,
• 14:53
  Speaker 4: less hopeful, but I still think that there may be
• 14:56
  Speaker 4: a possibility of hitting into the end of the year.
• 14:59
  Speaker 4: Very the next year seventy three hundred. So you could
• 15:03
  Speaker 4: see a lot of upside. You could maybe I'm being
• 15:05
  Speaker 4: up too optimistic, but you could see a lot of upside.
• 15:08
  Speaker 2: Wow, well that would be an aggressive ETH call right now,
• 15:11
  Speaker 2: seventy three hundred by end of year. Let's jump over
• 15:14
  Speaker 2: to Polygon. A couple of things that are happening right now.
• 15:17
  Speaker 2: There's an analytic dashboard coming up of course on a
• 15:21
  Speaker 2: circle that's going to make Polygon holding the top spot
• 15:24
  Speaker 2: in terms of all blockchains utilizing USDC.
• 15:27
  Speaker 1: This is a big deal.
• 15:28
  Speaker 2: You know, when you look at USDC stable coins starting
• 15:31
  Speaker 2: to really accelerate in the market, Polygons leading the track.
• 15:34
  Speaker 2: What do you think about Mattic right now or Paul
• 15:38
  Speaker 2: in terms of a trade, You'll probably have to look
• 15:40
  Speaker 2: at the matic chart.
• 15:41
  Speaker 1: It's got more history.
• 15:44
  Speaker 4: Yeah, so Matic. You know, I've always liked Madic. It's
• 15:46
  Speaker 4: been a major depressor as of late. Unfortunately, you know,
• 15:50
  Speaker 4: just it broke down this huge area twenty nine cents
• 15:53
  Speaker 4: all the way down to twenty cents. But you know
• 15:56
  Speaker 4: this area we really want to hold right here, that
• 15:58
  Speaker 4: twenty cent area. And for a trade, I mean that
• 16:01
  Speaker 4: you could do very low leverage or just buy on
• 16:04
  Speaker 4: spot here and try to ride this up to around
• 16:08
  Speaker 4: thirty cents into a stop loss blow swing low there.
• 16:11
  Speaker 4: Look at that risk word ratio. That's a four to
• 16:13
  Speaker 4: one risk word ratio. So you could risk a small
• 16:16
  Speaker 4: amount and potentially get a four or five x right
• 16:18
  Speaker 4: here if we do, you know, kind of bottom out
• 16:20
  Speaker 4: right there. You know, it definitely did a lot worse
• 16:24
  Speaker 4: than I wanted it to do and a lot of
• 16:25
  Speaker 4: other people wanted it to do. But I do think
• 16:27
  Speaker 4: when you zoom out here a bit, especially on your
• 16:30
  Speaker 4: I think you're weekly what's forming. Yeah, we're getting this
• 16:33
  Speaker 4: kind of deep anchor wave. The last time we saw
• 16:35
  Speaker 4: these was you know, back here in twenty twenty three,
• 16:39
  Speaker 4: and you did, you know, jump up quite a bit.
• 16:40
  Speaker 4: So if we can you know, repeat something like this
• 16:43
  Speaker 4: from that bottom, you know, you could see easily fifty
• 16:47
  Speaker 4: cents into summer. I mean, I would hope for even
• 16:50
  Speaker 4: more than that. It's definitely been very undervalid. It is risky,
• 16:53
  Speaker 4: given it's that it's come down this much, but you know,
• 16:56
  Speaker 4: I think a small position here it could be definitely
• 16:58
  Speaker 4: a very good gamble.
• 17:00
  Speaker 2: A couple of things that are happening with sweet let
• 17:01
  Speaker 2: me kind of zoom in on this for you. The
• 17:03
  Speaker 2: time is now walwrts main that is officially live. By
• 17:06
  Speaker 2: the way, Sweet is a channel partner, so we always
• 17:09
  Speaker 2: like to disclose that. But what they're doing with Walrus
• 17:12
  Speaker 2: has been very impressive. And the idea is and this
• 17:16
  Speaker 2: is the question mark that has been out there for
• 17:18
  Speaker 2: a long time, and that is people wanting to use
• 17:20
  Speaker 2: the blockchain for storage, and it's you know, it's like
• 17:23
  Speaker 2: it's a reasonable potential. File coin's been out there, are
• 17:26
  Speaker 2: we've eat storage even but Walrus what they're talking about
• 17:30
  Speaker 2: on this chart here, what you guys see is the
• 17:33
  Speaker 2: cost has been drilled down to almost nothing. So for
• 17:37
  Speaker 2: test project launches, people trying to do some things, it's
• 17:41
  Speaker 2: almost going to cost nothing to get this going. And
• 17:43
  Speaker 2: this storage duration is like a two year cycle. So
• 17:46
  Speaker 2: we could see a lot of potential onboarding to SWEE
• 17:50
  Speaker 2: the network by a lot of new companies that are
• 17:53
  Speaker 2: starting to go in this direction. With all that being said,
• 17:57
  Speaker 2: do you like SWEE right.
• 17:58
  Speaker 1: Now in terms of an investment? Would you hold it?
• 18:01
  Speaker 2: If you're holding Suite and if you're not, would you
• 18:03
  Speaker 2: buy now?
• 18:05
  Speaker 6: Well? Yeah, I would hold it.
• 18:07
  Speaker 4: I would definitely hold it, and I think it is
• 18:09
  Speaker 4: an absolutely good, very good bye and into a smaller
• 18:12
  Speaker 4: market cap. There's a lot of risk here, eight billion
• 18:13
  Speaker 4: dollar market cap. You know, you have a nice wave
• 18:16
  Speaker 4: right here on the year six day. The last time
• 18:18
  Speaker 4: you saw something very similar was back here around twenty
• 18:22
  Speaker 4: twenty four August at twenty four. You see you came
• 18:24
  Speaker 4: into the red right there. Then you had a nice
• 18:26
  Speaker 4: run up. Can we repeat something like that? I mean,
• 18:28
  Speaker 4: probably not as crazy, probably not as good, you know,
• 18:32
  Speaker 4: as a jump up all the way to you know,
• 18:34
  Speaker 4: maybe twelve dollars that would be the absolute high, like
• 18:36
  Speaker 4: ten to twelve dollars. Wuld the absolute high into the
• 18:39
  Speaker 4: end of the year, probably more diminished return of that.
• 18:41
  Speaker 4: Maybe you can get up to all time highs or
• 18:43
  Speaker 4: make a new all time high before we get to summer.
• 18:46
  Speaker 4: Potentially if we do see a big jump, so i'd
• 18:48
  Speaker 4: be a little over a two x and then hopefully
• 18:50
  Speaker 4: into the end of the year, after you get your
• 18:52
  Speaker 4: typical summer lull, you get up to those big points
• 18:55
  Speaker 4: around ten dollars. So I think there's absolutely a lot
• 18:57
  Speaker 4: of potential year. We'll see more confidence on that if
• 19:00
  Speaker 4: you can get a trigger wave on the weekly as well.
• 19:02
  Speaker 4: That's starting to form, but you know it's down let's
• 19:05
  Speaker 4: see it's down about it was down sixty two percent.
• 19:07
  Speaker 4: I think in all likelihood you should hold that low
• 19:09
  Speaker 4: at you know, just under two dollars. And I would
• 19:13
  Speaker 4: only get really worried if you really look like you're gonna,
• 19:16
  Speaker 4: you know, break down and go down a breakdown below
• 19:19
  Speaker 4: two and you're not making a good recovery there. So
• 19:22
  Speaker 4: until that happens, I think we're good, and I think,
• 19:24
  Speaker 4: you know, I think there's a lot of upside potential here.
• 19:27
  Speaker 6: You probably can get from where we are right now,
• 19:29
  Speaker 6: you know, at least the two X.
• 19:30
  Speaker 1: Let's talk about XRP.
• 19:32
  Speaker 2: This is a forecast that when I first saw it,
• 19:36
  Speaker 2: I did a little bit of a deep dive. This
• 19:37
  Speaker 2: is something we've been looking at for quite some time,
• 19:39
  Speaker 2: and that is an XRP price that could end up
• 19:42
  Speaker 2: in the ten to eleven dollars range. Now, there's some
• 19:46
  Speaker 2: things here I want to show before we get into this.
• 19:49
  Speaker 2: One is the XRPETF. If that does go through, I
• 19:52
  Speaker 2: think that's going to be a big factor. And this
• 19:54
  Speaker 2: analyst right here is the one that is looking at
• 19:58
  Speaker 2: this breakout.
• 19:59
  Speaker 1: And what the that we've noted here in.
• 20:02
  Speaker 2: The studio is that XRP is still one of the
• 20:04
  Speaker 2: best looking charts when everything else is, you know, kind
• 20:07
  Speaker 2: of sideways and down.
• 20:09
  Speaker 1: XRP has been holding. What do you think about XRP
• 20:12
  Speaker 1: right now?
• 20:13
  Speaker 4: It's a weird chart. Yeah, it's definitely an interesting chart.
• 20:16
  Speaker 4: I mean, the big technical target I have is just
• 20:20
  Speaker 4: below six dollars, right around five dollars eighty three cents.
• 20:23
  Speaker 4: It's also a huge fib level at six dollars. I
• 20:26
  Speaker 4: don't think you would get above six dollars this year.
• 20:28
  Speaker 4: I think ten dollars is a bit too optimistic. And
• 20:30
  Speaker 4: all those big predictions, I mean usually they don't get
• 20:33
  Speaker 4: quite there. So you know, my big thing is that
• 20:36
  Speaker 4: if we can break above you know that three dollars
• 20:39
  Speaker 4: and thirty cent area, your next big target is going
• 20:41
  Speaker 4: to be around mid five. So that's my big point.
• 20:44
  Speaker 4: You're forming on the five day about a trigger wave.
• 20:46
  Speaker 4: XRP is just notorious for doing nothing for a while
• 20:50
  Speaker 4: and then having.
• 20:51
  Speaker 6: A big movie. See there.
• 20:52
  Speaker 4: I mean this part it's a weird, like it's in
• 20:55
  Speaker 4: its own universe here. But I if it follows, you know,
• 20:59
  Speaker 4: it really is a weird chart. If it follows kind
• 21:02
  Speaker 4: of what bitcoin does and what I think you can
• 21:04
  Speaker 4: do then my estimation here would be, eh, I mean
• 21:09
  Speaker 4: into summer or something, hopefully, you know, four fifty, and
• 21:12
  Speaker 4: then maybe get your summer declines like that, and then
• 21:15
  Speaker 4: into end a year. You know, potentially it should be
• 21:18
  Speaker 4: more elongated than this. But into end a year, maybe
• 21:21
  Speaker 4: that six dollars mark. I'd be surprised if you get
• 21:23
  Speaker 4: up to ten dollars. I think that's a bit too optimistic.
• 21:25
  Speaker 2: All right, let's go into actually, yeah, let's take a
• 21:29
  Speaker 2: look at Avalanche now, because a gray scale is filed
• 21:32
  Speaker 2: for an Avalanche ETF with NASAC. This could be a
• 21:35
  Speaker 2: good thing for Avalanche. They've been a little bit slow
• 21:38
  Speaker 2: and had a fairly heavy retracement off of their sixty
• 21:43
  Speaker 2: plus high. What about Avalanche right now, Evan.
• 21:47
  Speaker 4: It looks like one of the best charts that I've
• 21:49
  Speaker 4: looked at today. And if I'll show you exactly why
• 21:52
  Speaker 4: right now, I mean, you have a bullish dive forming.
• 21:54
  Speaker 4: You could see right here, these momentum waves are coming up,
• 21:57
  Speaker 4: your money flow starting to come up too. That confirms
• 21:59
  Speaker 4: in two days, it should confirm unless you really knuk
• 22:02
  Speaker 4: over the next two days, which I don't think will happen.
• 22:05
  Speaker 4: So you're seeing that bulldive, and that's that's huge. I
• 22:07
  Speaker 4: mean that could you know last time you don't get
• 22:10
  Speaker 4: this too often here, I'm trying to think the last
• 22:11
  Speaker 4: time you had an actual bull div I mean that
• 22:13
  Speaker 4: led to a big jump up right there. You could
• 22:15
  Speaker 4: repeat something like this theoretically, I mean a jump back
• 22:19
  Speaker 4: up to thirty three dollars into you know, the next month.
• 22:22
  Speaker 4: I could absolutely see that happening. So I think there's huge,
• 22:26
  Speaker 4: huge potential here if we zoom out a little bit.
• 22:28
  Speaker 4: Oh man, this two week looks incredible here. That money
• 22:31
  Speaker 4: flow going up, You're getting high anchor waves is just
• 22:33
  Speaker 4: textbook strategy right there. I mean, that's could lead us
• 22:36
  Speaker 4: to a nice, you know run up into end a year.
• 22:40
  Speaker 4: You know, I mean, I you know, you look at
• 22:42
  Speaker 4: this chart and then you see to get to all
• 22:43
  Speaker 4: time highs. You know, that's a kind of have to
• 22:45
  Speaker 4: go to parabolic for that. But I think there's a
• 22:47
  Speaker 4: good shot of it getting at least a five X.
• 22:49
  Speaker 4: I think if all goes really, really well as good
• 22:52
  Speaker 4: as we could, you know, possibly get into maybe December
• 22:55
  Speaker 4: or January, maybe a ten X. I feel like that's
• 22:59
  Speaker 4: a little bit too optimistic though, but maybe a ten
• 23:01
  Speaker 4: X could be on the table here is it's one
• 23:03
  Speaker 4: of the best coins, one of the best coins and
• 23:05
  Speaker 4: best charts that I've looked at in a while.
• 23:08
  Speaker 2: Final, I want to hit on Solana, and of course
• 23:10
  Speaker 2: Solana is a big one. You look at a couple
• 23:13
  Speaker 2: of things within Solana zeus network, This of course is
• 23:17
  Speaker 2: now a bigcoin exchange. Apollo is now live on Solana.
• 23:21
  Speaker 2: So I don't know if this is going to make
• 23:23
  Speaker 2: a difference, but it could be a possibility of continuing
• 23:26
  Speaker 2: to see more adoption on the Salona side of things.
• 23:29
  Speaker 1: What do you like about the chart?
• 23:32
  Speaker 4: Yeah, so Solana definitely a lot of potential here. Let's
• 23:35
  Speaker 4: go to our Solona chart and yeah, similar thing to
• 23:38
  Speaker 4: the sixth day that we're seeing a deep kind of
• 23:40
  Speaker 4: wave right here, and that would probably be what hopefully
• 23:43
  Speaker 4: prevents us from really getting ugly and going into the
• 23:46
  Speaker 4: red here we stay into the green and start another
• 23:48
  Speaker 4: rally and hopefully just hopefully repeat some situation that we
• 23:53
  Speaker 4: saw kind of on this trigger wave. Or Yeah, I mean,
• 23:56
  Speaker 4: it's an interesting thing right here. I mean, you had
• 23:58
  Speaker 4: that big jump up, you could have a nice recovery
• 24:00
  Speaker 4: similar to their which is what I'm almost thinking. And
• 24:03
  Speaker 4: then you know, maybe a little bit more elongated into
• 24:05
  Speaker 4: this summer, maybe that four hundred point, and then you
• 24:08
  Speaker 4: get that summer luss A lot is volatile. I mean
• 24:10
  Speaker 4: it always has that volatility, and then into the end
• 24:13
  Speaker 4: of the year. My goal for this is somewhere between
• 24:16
  Speaker 4: four to six hundred or four to six fifty really,
• 24:19
  Speaker 4: so potentially getting up to that six to fifty mark,
• 24:21
  Speaker 4: which would be a big run up from where we
• 24:24
  Speaker 4: are right now. So I think there's there's a lot
• 24:25
  Speaker 4: of potential. But I mean if we can get up
• 24:27
  Speaker 4: to four hundred, that would be great. That's you know,
• 24:29
  Speaker 4: over a three x, which would be you know, really
• 24:32
  Speaker 4: really good. You know, three days to confirm. In your
• 24:33
  Speaker 4: sixth day, I think it will confirm unless you see
• 24:36
  Speaker 4: a real bad you know drop down. Then as we
• 24:39
  Speaker 4: get that same wave and the weekly that would be
• 24:41
  Speaker 4: really good too. We're also seeing the same thing already
• 24:44
  Speaker 4: confirmed in the five day, which is good. So I
• 24:45
  Speaker 4: think that you know, unless you think we're going to
• 24:48
  Speaker 4: be really bearish and going to the red here and
• 24:50
  Speaker 4: sort of major bear market and lose, you know, as
• 24:52
  Speaker 4: long as we hold one hundred, I think will be good.
• 24:55
  Speaker 4: So yeah, I think there's a lot of potential for
• 24:57
  Speaker 4: recovery here.
• 24:58
  Speaker 2: Don't forget guys, make sure visit Evan's channel just over
• 25:02
  Speaker 2: here on YouTube. It's Evan Aldough and as I said,
• 25:05
  Speaker 2: he does a really good job on live streams. Hey Evan,
• 25:08
  Speaker 2: it's good having you on. Thanks so much for coming
• 25:09
  Speaker 2: in today. We appreciate it, you.
• 25:11
  Speaker 6: Really appreciate it. Thanks for a shout up.
• 25:13
  Speaker 2: You bet are you guys? If you're not in Diamond Circle,
• 25:15
  Speaker 2: get in right now. It's a great place to get
• 25:17
  Speaker 2: additional content. Also, join my Telegram group. There's only one,
• 25:21
  Speaker 2: and we leave the link down here. You guys can
• 25:24
  Speaker 2: join for free. I'm in there every day, chatting.
• 25:26
  Speaker 1: Back and forth.
• 25:27
  Speaker 2: We drop a lot of cool stuff in there that
• 25:29
  Speaker 2: we don't even do here on the channel. So check
• 25:31
  Speaker 2: it out and of course follow me on x at
• 25:33
  Speaker 2: Paul Bhar We'll catch you next time right here on Techpath.
• 25:37
  Speaker 10: Thanks