Latest / The Paul Barron Crypto Show / Ethereum Hits $4,000!🎉Altcoin Technical Analysis w/ The Trading Parrot

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Ethereum Hits $4,000!🎉Altcoin Technical Analysis w/ The Trading Parrot · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Bera. Welcome back in the tech path.
• 0:08
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• 0:51
  Speaker 1: open up, of course, bringing in Mariano. How are you?
• 0:55
  Speaker 2: How are you doing? I'm very good to thinks.
• 0:56
  Speaker 1: Hey, we're going to break down some things on for tokens.
• 1:00
  Speaker 1: But instead of leading with bitcoin today, I want to
• 1:03
  Speaker 1: jump over and look at ethereum. I mean it's cracking
• 1:06
  Speaker 1: four thousand dollars for the first time since it's seeing
• 1:09
  Speaker 1: an all time high. So give me your anticipation of
• 1:13
  Speaker 1: where the chart is.
• 1:14
  Speaker 2: Well. I'm pretty excited to start with with Etherdeum because
• 1:17
  Speaker 2: we are seeing not just that we bounce once again
• 1:21
  Speaker 2: in September in our trend line in here roughly around
• 1:26
  Speaker 2: two point three k two point four k, but now
• 1:29
  Speaker 2: we are having a global breakout on the price, and
• 1:32
  Speaker 2: this time I feel like it's different because it's the
• 1:36
  Speaker 2: third time that we hit the four k mariar and
• 1:40
  Speaker 2: hopefully this time we're going to hold. I think the
• 1:42
  Speaker 2: momentum is in our sight. As you can see in here,
• 1:46
  Speaker 2: we had a breakout in earlier October in contrarian to one,
• 1:50
  Speaker 2: Benjamin Cowen was calling for going back home and hitting
• 1:54
  Speaker 2: SAB two thousands. I was thinking that the momentum is
• 1:57
  Speaker 2: accumulating very nicely for a push higher, and that's why
• 2:02
  Speaker 2: I decided to hold my large back of dethidium. And
• 2:05
  Speaker 2: I cannot be more happier now with this. Now, if
• 2:08
  Speaker 2: we talk about potential targets to come later on, if
• 2:13
  Speaker 2: we take the lows from March twenty twenties, the whole
• 2:17
  Speaker 2: rally up until November twenty twenty one, and then we
• 2:20
  Speaker 2: get the bottom of the bear marketing in twenty twenty two.
• 2:24
  Speaker 2: We have a target that I've been enbitioning for a
• 2:27
  Speaker 2: long time, which is the six point eight K to
• 2:30
  Speaker 2: eight point five K with a pocket on Fibonacci ratio.
• 2:33
  Speaker 2: That's why I'm so bullish with this breakout, because I'm
• 2:36
  Speaker 2: already taste in the flavor of those prices.
• 2:40
  Speaker 1: I like it well interesting enough too, because there has
• 2:43
  Speaker 1: been You're exactly right, there's been a lot of analysts
• 2:46
  Speaker 1: out there that have looked at ethereum thing that we
• 2:49
  Speaker 1: could see a retracement. So this is definitely good news
• 2:52
  Speaker 1: if you look at some of the reasons I'll show
• 2:54
  Speaker 1: just here on the articles layer one revenues by L
• 2:58
  Speaker 1: two competition released of the den come upgrade. This was
• 3:01
  Speaker 1: in March of twenty four. This lowered fees for eighth
• 3:04
  Speaker 1: so most likely some of that has to do with it.
• 3:06
  Speaker 1: But the base layer generated about ten point nine million
• 3:09
  Speaker 1: fees in December. Even though fees have been down. Some
• 3:12
  Speaker 1: of the things that have been happening has been around
• 3:15
  Speaker 1: the ETF and of course Nick Rossi here talking about
• 3:19
  Speaker 1: daily inflow over on I shares a muzument on that
• 3:21
  Speaker 1: for you guys now taking eight hundred million over the
• 3:23
  Speaker 1: past five days. That's two point six billions since the
• 3:27
  Speaker 1: July launch. So again, maybe this is the timing right now, Mariano,
• 3:32
  Speaker 1: for some pretty heavy moves right now. And if you
• 3:35
  Speaker 1: look at the chart, look at this kind of crazy
• 3:37
  Speaker 1: stuff right here on the ETFs. That's the total net
• 3:40
  Speaker 1: flow off with the last thirty days. Look at the
• 3:42
  Speaker 1: flow on this, man, this is sane. But what is
• 3:45
  Speaker 1: not a bull run is half a billion dollars got
• 3:48
  Speaker 1: slipped out of the market yesterday in about sixty minutes.
• 3:51
  Speaker 1: A couple of points everybody was worried about was bitcoin
• 3:53
  Speaker 1: was falling quickly after it had come up to around
• 3:56
  Speaker 1: one oh three. When you look at bitcoin right now
• 3:59
  Speaker 1: and say, all right, are we in a good position
• 4:02
  Speaker 1: for another rally on bitcoin? What are your charts showing?
• 4:06
  Speaker 2: So I was going to start with saying the liquidations
• 4:09
  Speaker 2: of a point eight one hundred millions is just mental,
• 4:13
  Speaker 2: But in my opinion, that is something positive. In my channel,
• 4:17
  Speaker 2: we don't only track the price, we are also tracking
• 4:20
  Speaker 2: the open interest, and we reach a level of thirty
• 4:23
  Speaker 2: two billion. That is precisely the Golden Poken extension coming
• 4:28
  Speaker 2: from this end up until the top. And when we
• 4:31
  Speaker 2: were above thirty three, I started feeling a little bit
• 4:35
  Speaker 2: itchy with so much open interest and this flash below
• 4:39
  Speaker 2: that resistance once again, I think it's something healthy, I
• 4:43
  Speaker 2: believe it or not. We had a breakout on the
• 4:45
  Speaker 2: four hour and I was very scary to see coming
• 4:48
  Speaker 2: back down at this level, particularly when we look at
• 4:52
  Speaker 2: the past performance in twenty twenty of December, which is
• 4:55
  Speaker 2: crazily similar to the action price action that we are
• 4:59
  Speaker 2: seeing currently, but there are some main difference. Obviously, we
• 5:02
  Speaker 2: have this dodgy candle in here that was fourteen thousand
• 5:06
  Speaker 2: dollars from top to bottom. We didn't have that in
• 5:09
  Speaker 2: twenty twenty. But if we continue with this trajectory here,
• 5:12
  Speaker 2: after doing these five points one, two, three, four five
• 5:16
  Speaker 2: that we can see on both sides, we should be
• 5:18
  Speaker 2: expecting to hit the top end of the CPR levels
• 5:21
  Speaker 2: and this year those levels span from one hundred and
• 5:25
  Speaker 2: AK to one hundred and forty K. Is so pretty
• 5:27
  Speaker 2: exciting to be seeing that on the daily and this
• 5:32
  Speaker 2: what we are currently seeing because we are as we
• 5:35
  Speaker 2: are filming, we're seeing bitcoin hitting above one hundred k.
• 5:38
  Speaker 2: If you want to know, a level that I want
• 5:41
  Speaker 2: to close tonight is above ninety nine point five k.
• 5:45
  Speaker 2: That is the top of the ranging here and closing
• 5:48
  Speaker 2: about bit for the first time in bitcoin history with
• 5:53
  Speaker 2: a closing daily candle is big, is massive, massive, and
• 5:57
  Speaker 2: people don't yet understand it. But if we do that,
• 6:01
  Speaker 2: we can hit all those liquidations at the top end
• 6:03
  Speaker 2: that span up until one hundred and twenty seven K
• 6:07
  Speaker 2: in bitcoin. So pretty bullish if we hold, of course,
• 6:11
  Speaker 2: that daily candle.
• 6:12
  Speaker 1: Yeah, all right, So a couple of points here everybody
• 6:15
  Speaker 1: kind of understands is that because of that liquidation we
• 6:18
  Speaker 1: saw a ninety thousand dollars bitcoin. Is there any risk
• 6:22
  Speaker 1: Mariano of seeing a sub ninety k bitcoin in your
• 6:26
  Speaker 1: opinion from in this ball run now, Brandon, we will
• 6:29
  Speaker 1: most likely see it towards the end of this ball run.
• 6:31
  Speaker 1: But in the ball run itself, do you feel like
• 6:33
  Speaker 1: it's pretty secure above ninety k?
• 6:38
  Speaker 2: I will say, based on the seasonality, based on where
• 6:41
  Speaker 2: we are in December, based on past performance at this
• 6:44
  Speaker 2: time in the cycle, I will expect the rally to
• 6:49
  Speaker 2: start speeding up to the upside. That is what typically
• 6:53
  Speaker 2: happens in here, and then we start seeing some of
• 6:56
  Speaker 2: those bigger pullbacks. But as we approach the summer, right,
• 7:01
  Speaker 2: and if we repeat something like we did in twenty
• 7:03
  Speaker 2: twenty one, where in May we have a big pool
• 7:06
  Speaker 2: back fifty percent, maybe we are going to visit those levels.
• 7:10
  Speaker 2: Maybe we fill the CMI gap at seventy seven K.
• 7:13
  Speaker 2: There are plenty of alternatives to go down, but I
• 7:16
  Speaker 2: think this is the time to focus on large moves
• 7:19
  Speaker 2: up explosive moves. That's where I'm trying to put my
• 7:23
  Speaker 2: attention at the moment.
• 7:25
  Speaker 1: All right, well, let's jump over to XRP because XRP
• 7:27
  Speaker 1: is another one. Here is Brad garling House talking about
• 7:30
  Speaker 1: it's official they're going to be doing a sixty minute
• 7:32
  Speaker 1: drop on Crypto's fight for regulatory clarity. This will most
• 7:36
  Speaker 1: likely and I can't really say that's going to make
• 7:38
  Speaker 1: it more well known, but sixty minutes is, you know,
• 7:42
  Speaker 1: a well respected platform. I don't know that it's watched
• 7:46
  Speaker 1: by a lot of people, but at least it may
• 7:49
  Speaker 1: be watched by normies that might be looking at XRP
• 7:52
  Speaker 1: as a potential investment opportunity. When you look at the
• 7:55
  Speaker 1: XRP chart. We've had an absolute stellar run. No pun
• 8:01
  Speaker 1: Is that stopping now or do you all like xrps
• 8:04
  Speaker 1: just getting started.
• 8:07
  Speaker 2: So I'm just listening to a lot of people talking,
• 8:10
  Speaker 2: and I've heard many people taking profits around here, and
• 8:15
  Speaker 2: you can see even myself. I published on the second
• 8:19
  Speaker 2: of December, I sold a two point eight my XRP holding,
• 8:23
  Speaker 2: and I was actually happy selling because I've seen it
• 8:27
  Speaker 2: going to two point three. And I think there is
• 8:30
  Speaker 2: a perception from people trading XRP traders, not holders, not
• 8:34
  Speaker 2: the XRP army, of course they love to hold forever,
• 8:37
  Speaker 2: but the traders tend to sell at psychological levels, and
• 8:42
  Speaker 2: this level, for example in here the high of twenty
• 8:45
  Speaker 2: twenty one, which was two dollars. I would like now
• 8:49
  Speaker 2: XRP to come back to two dollars and proof that
• 8:54
  Speaker 2: we are over the era of Gensler and all this
• 8:58
  Speaker 2: fear and fat going around, and that we are not
• 9:01
  Speaker 2: going to have a retlacement in the middle of the
• 9:03
  Speaker 2: bull market of seventy percent or anything like that. That's
• 9:06
  Speaker 2: why I took profits above the one point two seventy two,
• 9:11
  Speaker 2: and I didn't wait for the one six one eight,
• 9:14
  Speaker 2: which is the golden pocket at three point three dollars.
• 9:16
  Speaker 2: Am I thinking that we're not going to get to
• 9:18
  Speaker 2: three point dollars. No, But I'm just thinking that we
• 9:21
  Speaker 2: could have a significant retlacement because that's what XRP has
• 9:26
  Speaker 2: been doing, and if it gives us that in the
• 9:28
  Speaker 2: middle of the bull market, I'm happy to build a
• 9:31
  Speaker 2: larger back once again to hit the three point three
• 9:34
  Speaker 2: and who knows, maybe even higher than that, depending on
• 9:38
  Speaker 2: the fundamentals that are coming in every day for XRP
• 9:41
  Speaker 2: these days.
• 9:42
  Speaker 1: Well, and the thing around XRP that I think a
• 9:44
  Speaker 1: lot of people still have to remember is that Gangstler
• 9:46
  Speaker 1: has not left office yet. I think that is going
• 9:48
  Speaker 1: to be a factor. Their lawsuit most likely is going
• 9:51
  Speaker 1: to get some validity in January. So there's still a
• 9:56
  Speaker 1: lot more plus you of RILUSD launching. There's just there's
• 10:00
  Speaker 1: a lot more to drop for XRP, so we could
• 10:02
  Speaker 1: see a run. I'm going to sit on the other
• 10:04
  Speaker 1: side and say, I think it's a little bit more bullish,
• 10:07
  Speaker 1: you know, for where its future could be, even though
• 10:10
  Speaker 1: it has had a big Could we see a retlacement, Yes,
• 10:13
  Speaker 1: of course, But I'm looking still on the upside here.
• 10:16
  Speaker 1: Going in. Let's talk about Solana. Solana. Of course, big
• 10:21
  Speaker 1: issue that I think everybody maybe we'll have to go
• 10:25
  Speaker 1: back and remember is that Solana was in the cycle
• 10:29
  Speaker 1: of not necessarily amplifying their mobile devices and the Seeker,
• 10:33
  Speaker 1: of course is blowing up. We've got, you know, excellent
• 10:37
  Speaker 1: support on it, but they're going after this whole strategy
• 10:40
  Speaker 1: of air drops, which has worked. Bonk was kind of
• 10:43
  Speaker 1: one of the first ones that went out, and Solana
• 10:46
  Speaker 1: has been holding around that two twenty to two forty
• 10:50
  Speaker 1: range right now, Mariano, when you look at Solana, is
• 10:54
  Speaker 1: this is this something that you still feel very convicted
• 10:57
  Speaker 1: on in terms of hitting a top or feel like
• 11:00
  Speaker 1: I could go sideways here.
• 11:02
  Speaker 2: I think we just enter an old coincision that is
• 11:05
  Speaker 2: pretty evident with the index being over ninety and I
• 11:08
  Speaker 2: think today is eighty six if I remember right, And
• 11:11
  Speaker 2: Solana definitely has upside. And the only thing that at
• 11:16
  Speaker 2: the moment is keeping me a little more cautious on
• 11:19
  Speaker 2: Solana is the fact that against etherium, you can see
• 11:24
  Speaker 2: that we had the breakout in October when we look
• 11:27
  Speaker 2: at the spread chart of Solana versus etherdium. But now
• 11:30
  Speaker 2: on the other side we could be closing this weekly
• 11:35
  Speaker 2: candle on the Arasi below this red line, which means
• 11:38
  Speaker 2: that we have a global breakdown of Solana versus etherium.
• 11:43
  Speaker 2: And this is a consequence of etherium catching up with
• 11:47
  Speaker 2: so long that it has been underperforming, and that's putting
• 11:51
  Speaker 2: stress on Solana because people are starting to shift their heads.
• 11:54
  Speaker 2: Solana is thinking, hey, wait a minute, there is an
• 11:57
  Speaker 2: etherium ETF and people are flipping into that. Another question
• 12:03
  Speaker 2: is whether it's gonna other one too. But let's look
• 12:07
  Speaker 2: at the technicals on Solana. On the weekly. We are
• 12:10
  Speaker 2: inner rally, so this is performing well against usity against
• 12:15
  Speaker 2: etherium is a little bit bleeding. And if we look
• 12:18
  Speaker 2: at the daily chart, we can see that the last
• 12:21
  Speaker 2: time the Solan had an impulsive move right here that
• 12:26
  Speaker 2: gave a performance up until the one six one A precisely.
• 12:30
  Speaker 2: So if we take this new bullflag where we are
• 12:33
  Speaker 2: right here at the moment breaking out on the daily,
• 12:37
  Speaker 2: that target is pointing towards three hundred and ninety four dollars,
• 12:41
  Speaker 2: so raughly just below four hundred dollars for this new flag.
• 12:45
  Speaker 2: If we repeat what we did in the previous flag,
• 12:47
  Speaker 2: we could get that and maybe they're gonna rally together
• 12:51
  Speaker 2: with ethereum. I will expect that. But since etherium is
• 12:54
  Speaker 2: so behind, there is some upside as well there and
• 12:58
  Speaker 2: that's why I'm still holding my box. Opithediu and so
• 13:02
  Speaker 2: not together.
• 13:02
  Speaker 1: Yeah, for sure. Big news drop last night of David Sachs.
• 13:07
  Speaker 3: Now.
• 13:07
  Speaker 1: You guys probably don't know who this is, but this
• 13:09
  Speaker 1: is now the new cryptos are and David's X has
• 13:13
  Speaker 1: a very unique connection with Solana. I want to play
• 13:17
  Speaker 1: a clip for you guys so you can kind of
• 13:19
  Speaker 1: listen in a little bit. Let's go to that clip.
• 13:21
  Speaker 2: Are you saying I got a billion dollars a Solana?
• 13:23
  Speaker 4: No, I have one, but you know I brought it
• 13:25
  Speaker 4: at a discount.
• 13:26
  Speaker 1: But you're holding correct ish Yes, yeah, we too.
• 13:33
  Speaker 3: Well, I mean, if something appreciated, at what point is
• 13:36
  Speaker 3: the appreciation and an asset that you've invested in early
• 13:39
  Speaker 3: something you need to you know, at least clear a
• 13:42
  Speaker 3: position of and walk in a win. I mean, what's
• 13:45
  Speaker 3: enough one hundred x five hundred ax. You got to
• 13:47
  Speaker 3: at some point bank a win? Right?
• 13:49
  Speaker 4: Well, I think you have to put things in a
• 13:50
  Speaker 4: bucket of like is it an investment or is it
• 13:53
  Speaker 4: something that represents an idea that you love so much.
• 13:58
  Speaker 4: If it's the latter, you should never see.
• 14:01
  Speaker 1: All right. So that was a statement all the way back,
• 14:02
  Speaker 1: I think in twenty twenty one, that was part of
• 14:05
  Speaker 1: the All In podcast. Several of the hosts there have
• 14:09
  Speaker 1: invested in Salona before, so I don't know if that
• 14:11
  Speaker 1: could play into it, you know, from that standpoint, I
• 14:14
  Speaker 1: do want to just so everybody kind of knows where
• 14:16
  Speaker 1: it's going. But I do want to jump over to
• 14:18
  Speaker 1: SWI because we has been on an unbelievable rally here
• 14:22
  Speaker 1: over the last seven days. When you look at an
• 14:25
  Speaker 1: all time now for SWEE and you think about just
• 14:28
  Speaker 1: what it's been able to do up another twelve percent
• 14:31
  Speaker 1: of the last twenty four total value lock now parabolic
• 14:34
  Speaker 1: rise eclipsing about one point eight billion. So what are
• 14:38
  Speaker 1: your thoughts on this one? Because this thing opened early
• 14:41
  Speaker 1: this year at about two hundred and twenty million.
• 14:43
  Speaker 2: So Sweet has a very interesting chart in here on
• 14:46
  Speaker 2: the Adisai Weekly. We can borrow some previous performance from
• 14:51
  Speaker 2: here in twenty twenty three, and we can understand once
• 14:56
  Speaker 2: the Adisai on the weekly on Sweet starts rolling over
• 14:59
  Speaker 2: like this, and we break down below this trend line
• 15:02
  Speaker 2: that's where we need to start thinking, okay, there could
• 15:06
  Speaker 2: be some pullback. Of course, this context in here is
• 15:09
  Speaker 2: a little bit part of the very side of the market.
• 15:13
  Speaker 2: Now we are in an impulsive move in the middle
• 15:16
  Speaker 2: of all coincisions, so we can afford a little bit
• 15:19
  Speaker 2: more risk. But at the moment, what we are seeing
• 15:22
  Speaker 2: in here on the other side is again a little
• 15:24
  Speaker 2: bit of rolling over, a little bit of very divergences,
• 15:28
  Speaker 2: and I will be very keen to monitor if we
• 15:32
  Speaker 2: break below this trend line, that will be for me
• 15:35
  Speaker 2: yellow warning definitely. But since we are now continuing to
• 15:39
  Speaker 2: put new higher highs and higher lows, just breaking these
• 15:43
  Speaker 2: previous resistance at three point eight, things are looking pretty good.
• 15:47
  Speaker 2: But definitely paying attention when we break below this white
• 15:52
  Speaker 2: trend line of support as well, because at that point
• 15:54
  Speaker 2: so we can also quite bleed a lot, as we
• 15:58
  Speaker 2: saw in this area and here in the middle of
• 16:01
  Speaker 2: an old coin season, that could be reduced. Of course, I.
• 16:03
  Speaker 1: Want to go back to Solana for a second and
• 16:05
  Speaker 1: talk about Render, because Render has also had a major surge.
• 16:09
  Speaker 1: We actually called this one on a video earlier this week,
• 16:12
  Speaker 1: saying that Render and over most likely would be big
• 16:16
  Speaker 1: winners on the AI side, and sure enough we've seen
• 16:18
  Speaker 1: some pretty big moves on both those tokens. When you
• 16:21
  Speaker 1: look at render right now, Mariano, do you like this
• 16:24
  Speaker 1: to sustain above the ten dollars mark?
• 16:30
  Speaker 2: Yep, we'll say, because that is a psychological level, and
• 16:34
  Speaker 2: probably many people are thinking about that ten dollars. Since
• 16:37
  Speaker 2: the last order block here at roughly ten, I will
• 16:42
  Speaker 2: say ten to eleven dollars, it sold down sixty eight percent,
• 16:46
  Speaker 2: so that can be painful, and of course at the
• 16:49
  Speaker 2: moment that is our current resistance. But in the closer
• 16:53
  Speaker 2: proximity we can see that we form a W pattern
• 16:57
  Speaker 2: in here, and that was the bottom information, and we
• 17:00
  Speaker 2: have already achieved the full target of that bottom information,
• 17:05
  Speaker 2: So I'm gonna let that one go that I already succeed,
• 17:09
  Speaker 2: and if we manage to close about eleven and challenge
• 17:13
  Speaker 2: the thirteen dollars, the upside is for twenty three dollars
• 17:16
  Speaker 2: that is just purely based on the extension on the
• 17:20
  Speaker 2: fibonacci up until there. If you want a more conservative target,
• 17:24
  Speaker 2: we could be talking about twenty dollars, which is still significant,
• 17:27
  Speaker 2: is like two x from here, so pretty exciting for
• 17:31
  Speaker 2: renders looking bullef the chart.
• 17:34
  Speaker 1: The other one to kind of take a look at.
• 17:36
  Speaker 1: I wanted to have your opinion on Over, which is
• 17:40
  Speaker 1: a chart that many of probably have looked at in
• 17:44
  Speaker 1: the past. You know, when you look at over, it
• 17:46
  Speaker 1: has had some history. It's been around since the twenty
• 17:48
  Speaker 1: one cycle. Their whole idea is spatial mapping and ARVR.
• 17:53
  Speaker 1: What that's going to look like? The technology now looks
• 17:56
  Speaker 1: like it's moving in that direction. If you look at
• 17:58
  Speaker 1: the chart right now, we call the one this is
• 18:00
  Speaker 1: on the weekly. I'll go to the Daily real quick.
• 18:04
  Speaker 1: This was one that we were looking at over the
• 18:07
  Speaker 1: last couple of days. Of course, it is up almost
• 18:10
  Speaker 1: what is that since the twenty fifth, So we're up
• 18:13
  Speaker 1: abound almost one hundred percent on this token. Do you
• 18:17
  Speaker 1: when you look at the ta on this one on
• 18:20
  Speaker 1: over the token, Mariano, do you see anything that could
• 18:22
  Speaker 1: sustain this move?
• 18:26
  Speaker 2: So I have to be honest with you, I don't
• 18:32
  Speaker 2: know anything about the fundamentals of this particular token, but
• 18:35
  Speaker 2: just by having a first initial look at this chart
• 18:39
  Speaker 2: on the Weekly, you can see that this is one
• 18:42
  Speaker 2: of those coins that got listed in the middle of
• 18:44
  Speaker 2: the bear market. So it's very difficult to really understand
• 18:48
  Speaker 2: what they can do in the future. So it could
• 18:50
  Speaker 2: be big reward or it could be still big risk.
• 18:53
  Speaker 2: It got listed at one point five dollars and it
• 18:57
  Speaker 2: reached a bottom of twelve cents. Since then, at this
• 19:01
  Speaker 2: bottom in here in the middle of the bull market,
• 19:03
  Speaker 2: it has done that move that you just mentioned, facing
• 19:06
  Speaker 2: now resistance. And I think if the old coincision is
• 19:10
  Speaker 2: going to do something good for this coin, and if
• 19:12
  Speaker 2: it's going to basically show big performance, it should get
• 19:17
  Speaker 2: to at least one dollar. But if I was to
• 19:21
  Speaker 2: ride this trade on this stoken and I was to
• 19:26
  Speaker 2: find an entry and then expect to get there, I
• 19:29
  Speaker 2: will definitely do it, considering a stop loss, trailing and
• 19:34
  Speaker 2: do one level at the time. So if I reach
• 19:37
  Speaker 2: zero thirty eight, then I moved the stop loss to
• 19:39
  Speaker 2: thirty and so on until I get to that price.
• 19:43
  Speaker 2: Because as you can see, the history shows that every
• 19:46
  Speaker 2: time that you get one of those one hundred or
• 19:47
  Speaker 2: two hundred percent that are all back tends to continue
• 19:50
  Speaker 2: selling even in the bull market, So careful with writing
• 19:54
  Speaker 2: that without a stop loss.
• 19:57
  Speaker 1: Yeah, I think that's the key there, And this is
• 19:59
  Speaker 1: a good training to too, is setting in stop losses
• 20:02
  Speaker 1: on some of these riskier projects out there. And you know,
• 20:04
  Speaker 1: again not financial advice, but these are tactics that we've
• 20:07
  Speaker 1: seen out there, both from our own team and then
• 20:09
  Speaker 1: obviously with Mariano. Just to learn a little bit more
• 20:13
  Speaker 1: about over check it out, go over to their Twitter page.
• 20:15
  Speaker 1: You can kind of learn a little bit more about
• 20:16
  Speaker 1: where they're going from an ar standpoint, because that's really
• 20:19
  Speaker 1: kind of their game. And if you if you think
• 20:22
  Speaker 1: render is going to do well at least from a
• 20:25
  Speaker 1: cloud compute rendering and cloud software capacity, then you may
• 20:30
  Speaker 1: have an opportunity of another one like this. Other ones
• 20:33
  Speaker 1: that we've mentioned this week was polka dot, and of
• 20:36
  Speaker 1: course the big deal was poka dot's big test, and
• 20:39
  Speaker 1: this is to try to get into increasing transactions. They
• 20:42
  Speaker 1: were able to do it. Poka dot surged a little
• 20:45
  Speaker 1: bit in their last twenty four but there is some
• 20:49
  Speaker 1: support and resistance on polka dot right now. And one
• 20:52
  Speaker 1: big news item before we go to the chart is
• 20:55
  Speaker 1: this right here, guys, remember the TikTok ban. So TikTok
• 20:59
  Speaker 1: ban is now being upheld. This was breaking news today
• 21:03
  Speaker 1: that federal job, federal judge is going to uphold the
• 21:07
  Speaker 1: TikTok band, So this means that it will be divested
• 21:11
  Speaker 1: and pulled off of the app store. So this is
• 21:13
  Speaker 1: going to put Bydance in a big move, which means
• 21:16
  Speaker 1: we may see a company that could take it into
• 21:19
  Speaker 1: the blockchain. And there's a couple of blockchains that could
• 21:22
  Speaker 1: flow this way, and one of them is pokadt. So
• 21:24
  Speaker 1: with all that being said, what's your opinion on dot
• 21:27
  Speaker 1: right now?
• 21:30
  Speaker 2: Let's have it look. So looking at dot, it has
• 21:36
  Speaker 2: already had a massive rally on the Arisai, going from
• 21:40
  Speaker 2: thirty five all the way to seventy five. That's a
• 21:43
  Speaker 2: huge range to move so quickly. So I think be
• 21:47
  Speaker 2: careful with entering at this prices because we are just
• 21:50
  Speaker 2: facing once again the psychological level of ten dollars. That
• 21:54
  Speaker 2: was precisely what sent us back down in only eleven
• 21:58
  Speaker 2: or March. That is not a secret. It was support
• 22:02
  Speaker 2: in the middle of twenty twenty one bull market. So
• 22:05
  Speaker 2: we need to get over that level, and if we
• 22:08
  Speaker 2: do that, we have some upside. The upside is based
• 22:11
  Speaker 2: on this extension which is located roughly at seventeen dollars.
• 22:16
  Speaker 2: Hopefully we can get to the twenty three and those levels.
• 22:19
  Speaker 2: But there is a say as well, not all the
• 22:23
  Speaker 2: coins from the previous cycles are going to see an
• 22:26
  Speaker 2: all time high, so don't have necessarily the expectation that, Okay,
• 22:31
  Speaker 2: this cycle, we're gonna get over fifty three dollars. Some coins,
• 22:35
  Speaker 2: of course, are going to have good fundamentals or a comeback,
• 22:38
  Speaker 2: like hicksrp or Ada, and they can do it, but
• 22:42
  Speaker 2: not all the coins. So I think it's better to
• 22:45
  Speaker 2: take it one step at the time. For example, in
• 22:47
  Speaker 2: this case, trying to hit that seventeen dollars and see
• 22:51
  Speaker 2: what happens at that point, and then if things continue bullish,
• 22:55
  Speaker 2: maybe pick a higher target later.
• 22:58
  Speaker 1: Where would you set your staff plus right now on Pokgon, Well.
• 23:04
  Speaker 2: At the moment, if we lose the ten dollars, I
• 23:08
  Speaker 2: will look for an area where I can see a reversal.
• 23:12
  Speaker 2: I typically what I do is, if we lose the
• 23:15
  Speaker 2: ten dollars, then I bring back my chart, and then
• 23:18
  Speaker 2: I go to lower timeframes. I look at the four
• 23:21
  Speaker 2: hour and I start looking for patterns where we can
• 23:25
  Speaker 2: see a breakout of the four hour in this case
• 23:28
  Speaker 2: is not a great pattern to trade. But let's say
• 23:32
  Speaker 2: we were in this area there and we were correcting
• 23:35
  Speaker 2: in a pullback. Then I will look for an area
• 23:37
  Speaker 2: like this and with a breakout on the four hour,
• 23:40
  Speaker 2: using additional data in confluence with that will give me
• 23:44
  Speaker 2: a re entry. But I wait for those things very patiently.
• 23:48
  Speaker 2: I think trading, if you are into trading and not
• 23:52
  Speaker 2: just holding, is also an art of waiting, waiting and
• 23:57
  Speaker 2: waiting until the best opportunity start your charts, and you know, practicing,
• 24:03
  Speaker 2: practicing for sure makes the master.
• 24:05
  Speaker 1: Makes the master. I like it. Speaking of the master,
• 24:08
  Speaker 1: head over to Trading Parrot and his YouTube channel. You
• 24:11
  Speaker 1: guys can get over there. Just search the Trading Parent
• 24:13
  Speaker 1: you'll find him out there. Mariana does a great job
• 24:17
  Speaker 1: on all the stuff that is out there when it
• 24:19
  Speaker 1: comes to some of these projects. So I love the
• 24:22
  Speaker 1: some of the analysis, especially when you're getting into some
• 24:25
  Speaker 1: of the liquidations that we've seen over the last couple
• 24:27
  Speaker 1: of days. So good stuff for sure, Mariano, thanks for
• 24:30
  Speaker 1: coming in today. We appreciate it.
• 24:32
  Speaker 2: Thanks for having you bet all right.
• 24:35
  Speaker 1: So you guys, if you're not in the diamond circle,
• 24:37
  Speaker 1: jump in right now. It's a great place to get
• 24:38
  Speaker 1: additional content. Also, you can follow me out there on
• 24:41
  Speaker 1: x at Paul Baron We'll catch you next time right
• 24:43
  Speaker 1: here on tech Bath.
• 24:45
  Speaker 2: Thanks