Latest / The Paul Barron Crypto Show / Epic Surge Incoming?🚀Technical Analysis with Gareth Soloway

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Epic Surge Incoming?🚀Technical Analysis with Gareth Soloway · The Paul Barron Crypto Show

• 0:00
  Speaker 1: A sprise surge is hitting the markets right now, absolute
• 0:03
  Speaker 1: chaos is going on. Well, we're going to break it
• 0:05
  Speaker 1: down for you. It's going to be a good one.
• 0:07
  Speaker 1: And this is going to be I think the show
• 0:09
  Speaker 1: that maybe tells us exactly where crypto is going, so
• 0:12
  Speaker 1: you don't want to miss it. I want to thank
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• 0:37
  Speaker 1: So use that and get going. I'm going to have
• 0:39
  Speaker 1: Gareth Soliway on the show here momentarily, but I want
• 0:43
  Speaker 1: to play a clip of Gareth talking about this market
• 0:47
  Speaker 1: as we see it today. Take a look.
• 0:49
  Speaker 2: This was the trend line where I was able to
• 0:50
  Speaker 2: call the top on bitcoin right and by the way,
• 0:53
  Speaker 2: keep in mind, I'm not calling for a new bowl
• 0:55
  Speaker 2: market in crypto, right. I still actually do think it's
• 0:57
  Speaker 2: going to go lower. But for me, I'm a swing trader.
• 1:00
  Speaker 2: So if I see a bullish setup, I'm gonna play
• 1:02
  Speaker 2: it long. When I see a bearer set up, I'm
• 1:04
  Speaker 2: gonna play it short. I call it like I see
• 1:06
  Speaker 2: it in the charts, because the charts are the only
• 1:08
  Speaker 2: thing that's unbiased.
• 1:10
  Speaker 1: I like it, call it like you see it. Bringing
• 1:13
  Speaker 1: in Gareth Soloway, How are you, Gareth? How's things going?
• 1:16
  Speaker 3: I'm good, Good to see you. Paul.
• 1:18
  Speaker 1: Well we first got on, I was like, hey, it's
• 1:21
  Speaker 1: a sad day in crypto. We're actually moving, which is unusual.
• 1:26
  Speaker 1: Right now, of course we're looking at the poll and
• 1:29
  Speaker 1: I have to go with this one. What happens first?
• 1:31
  Speaker 1: Bitcoin eighty k or fifty K? Where are you going
• 1:34
  Speaker 1: on this chart? Gareth?
• 1:36
  Speaker 3: I think it's going to eighty K.
• 1:37
  Speaker 2: I think it's going to eighty K, and I've been
• 1:39
  Speaker 2: saying that for the last back or so, even as
• 1:41
  Speaker 2: it's chopped sideway still lower.
• 1:43
  Speaker 1: Look at that, I mean, people are just edgy. They
• 1:46
  Speaker 1: just don't believe it. Right now. They're in disbelief, Gareth,
• 1:50
  Speaker 1: that we're on a small run. When you look at
• 1:54
  Speaker 1: the bitcoin chart, why are you seeing this right now
• 1:57
  Speaker 1: as a short term trade opportunity.
• 1:59
  Speaker 3: Yes, so a couple of reasons.
• 2:00
  Speaker 2: We could take a look at the chart on bitcoin,
• 2:02
  Speaker 2: and this is the beautiful thing about it, right is
• 2:05
  Speaker 2: that this chart was telling us a bigger run was
• 2:07
  Speaker 2: coming in crypto as a whole and specifically bitcoin. Here's
• 2:10
  Speaker 2: your reversal green candle after that big flush out and
• 2:13
  Speaker 2: all that panic where we went down to sixty K
• 2:16
  Speaker 2: reversal and then all of these candles stayed within that
• 2:19
  Speaker 2: green portion right here. That's a classic technical bullish consolidation pattern.
• 2:25
  Speaker 3: Now we're seeing the results.
• 2:26
  Speaker 2: And I'll send this to you earlier when we weren't
• 2:28
  Speaker 2: on air yet, but I did a video just over
• 2:30
  Speaker 2: the weekend talking about how this was a bullish setup
• 2:33
  Speaker 2: and we were going to go and nine out of
• 2:35
  Speaker 2: every ten comments were Gareth's a clown, he knows nothing.
• 2:38
  Speaker 2: We're going down to thirty to forty K. And I
• 2:41
  Speaker 2: literally went and bought more crypto when I saw that,
• 2:43
  Speaker 2: because when sentiment is that negative, it sets up for
• 2:46
  Speaker 2: a near term short squeeze, and that's exactly what we're getting.
• 2:49
  Speaker 1: Well, sixty has been kind of the targets one I
• 2:51
  Speaker 1: think a lot of people have been pointing to, and
• 2:53
  Speaker 1: could we get there? We got close around sixty two.
• 2:57
  Speaker 1: I was looking at your other tweet right here crypto
• 3:00
  Speaker 1: surging bull flag on bitcoin. This is what you're talking about.
• 3:02
  Speaker 1: All it's potentially squeezing. While it isn't the start of
• 3:05
  Speaker 1: a new bull market. You think that we could see
• 3:08
  Speaker 1: the eighty to eighty five. What would draw you out
• 3:10
  Speaker 1: to eighty five K versus eighty because that's still a
• 3:12
  Speaker 1: pretty significant move in itself.
• 3:15
  Speaker 3: Yes, and that's a good question.
• 3:17
  Speaker 2: And just looking at the chart, it's really a chart zone, right,
• 3:19
  Speaker 2: and so you could see the lowest point we hit
• 3:22
  Speaker 2: back in November was down here, and then the higher
• 3:25
  Speaker 2: areas that we chopped around were in this eighty five range.
• 3:28
  Speaker 2: So as a technician, we have to admit that we
• 3:31
  Speaker 2: never are going to pick the exact higher the exact low.
• 3:33
  Speaker 3: We just try to get generally close.
• 3:35
  Speaker 2: And this gives us that range of five K basically
• 3:38
  Speaker 2: eighty to eighty five. Now, I think what gets us
• 3:40
  Speaker 2: to eighty five is I still think we're going to
• 3:43
  Speaker 2: get positive legislation. I know it's been stalled out, but
• 3:46
  Speaker 2: I do think as we get closer to the midterms,
• 3:48
  Speaker 2: there's going to be a push to get those crypto
• 3:50
  Speaker 2: votes again for the midterms, and that means a more
• 3:53
  Speaker 2: positive outcome in the legislation.
• 3:56
  Speaker 1: Well, I think it's almost as I believe that somebody
• 4:00
  Speaker 1: knows something. I'll show you a tweet here that I
• 4:01
  Speaker 1: put out last night that was one of my predictions
• 4:04
  Speaker 1: for Friday's summit. But this is a good statement as well,
• 4:07
  Speaker 1: over four hundred thousand bitcoin. We're accumulated between sixty and
• 4:09
  Speaker 1: seventy k this of course coming in I think Blackrock
• 4:12
  Speaker 1: Master both looking at acquisition zones in here, along with
• 4:15
  Speaker 1: some other money managers out there that are taking a
• 4:18
  Speaker 1: dip into bitcoin, and of course that's what we're starting
• 4:20
  Speaker 1: to see now with the market. What would you say
• 4:23
  Speaker 1: when you look at what happened last night with the
• 4:26
  Speaker 1: State of the Union, what Trump was doing in terms
• 4:30
  Speaker 1: of where he thinks the country is going, the fact
• 4:32
  Speaker 1: that we didn't have anything mentioned about digital assets or bitcoin,
• 4:36
  Speaker 1: what was your take on that? Where do you stand?
• 4:39
  Speaker 3: Yeah?
• 4:39
  Speaker 2: I think honestly the market was already primed, and even
• 4:44
  Speaker 2: though he didn't really talk about crypto much, I think
• 4:47
  Speaker 2: it was more of a relief that there was nothing negative.
• 4:49
  Speaker 2: It's almost like the market was pricing in a worst
• 4:51
  Speaker 2: case scenario. So anything less than worst case, even a
• 4:55
  Speaker 2: non mention is a positive here, Like for instance, I
• 4:57
  Speaker 2: think there was a fear that he was going to
• 4:59
  Speaker 2: attack the crypto players and try to push for the
• 5:02
  Speaker 2: banks to be the winner in this legislation, and he
• 5:04
  Speaker 2: didn't do that, and that right there is a small positive.
• 5:08
  Speaker 3: And it doesn't take a lot.
• 5:09
  Speaker 2: To create a short squeeze or a panic buy when
• 5:11
  Speaker 2: everyone is bearish in the crypto space.
• 5:13
  Speaker 1: All right, So not a lot there. Let me ask
• 5:15
  Speaker 1: you this. You look at Trump's first year in office,
• 5:19
  Speaker 1: everything that's happened, which is a lot. Where would you
• 5:22
  Speaker 1: give him on a one to ten, ten being best,
• 5:25
  Speaker 1: one being worst.
• 5:27
  Speaker 3: Oh my goodness, I mean, that's that's a loaded question.
• 5:30
  Speaker 2: Number one tall, because I'm going to annoy some people
• 5:32
  Speaker 2: one way or the other.
• 5:33
  Speaker 3: But I would say, I would say in the four
• 5:36
  Speaker 3: range right there there.
• 5:38
  Speaker 2: I was never a big fan of tariffs, Just to
• 5:39
  Speaker 2: be fair on that, I do think that ultimately US
• 5:42
  Speaker 2: as Americans end up paying for it one way or
• 5:44
  Speaker 2: the other through higher prices, and overall, I think it's
• 5:47
  Speaker 2: a little disappointing being in crypto that a lot of
• 5:50
  Speaker 2: the promises it didn't seem to seem to be fulfilled
• 5:53
  Speaker 2: as much as at least I hope. I don't know
• 5:55
  Speaker 2: what you thought on that, but I also don't like
• 5:57
  Speaker 2: I didn't like that when he first got in he
• 5:59
  Speaker 2: had the trump coin that ultimately kind of looks like
• 6:02
  Speaker 2: a rug pull at this point. So there's these type
• 6:04
  Speaker 2: of things that I think we're generally more negative than positive,
• 6:08
  Speaker 2: but certainly it wasn't a one It's not a worst case. Yeah.
• 6:11
  Speaker 1: I mean, there are some things that he has done
• 6:13
  Speaker 1: from a policy standpoint that I agree with, but man
• 6:16
  Speaker 1: on the crypto side, I do feel that the industry
• 6:19
  Speaker 1: has been rug pulled. This was not really what we
• 6:22
  Speaker 1: voted for, and I think it's showing out more and
• 6:25
  Speaker 1: more now. The real question is is it too late
• 6:28
  Speaker 1: to be able to get a real Because you think
• 6:31
  Speaker 1: about this, there was no all coin market zero, and
• 6:35
  Speaker 1: if you're in the crypto industry over the past decade,
• 6:38
  Speaker 1: we've always had that. One thing that changed was that
• 6:41
  Speaker 1: Trump took office, so that in itself, I think had
• 6:44
  Speaker 1: a lot to go against it. Now you're looking at
• 6:46
  Speaker 1: the S and P five hundred. I've got a clip
• 6:48
  Speaker 1: here of Jamie Diamond talking about weird things happening.
• 6:52
  Speaker 4: Take a look, you know, one of the people who
• 6:54
  Speaker 4: was there through the financial crisis at the helm of
• 6:56
  Speaker 4: the big bank.
• 6:57
  Speaker 1: He's the only one, he's.
• 6:58
  Speaker 3: The only points among those big things.
• 7:01
  Speaker 1: But what is he saying.
• 7:02
  Speaker 4: He's referencing lending lending practices that if you are going
• 7:07
  Speaker 4: to affirm, let's keep with Apollo. But there's so many
• 7:10
  Speaker 4: others that we could use as examples. The pricing on
• 7:13
  Speaker 4: these loans is so much different than let's say, how
• 7:16
  Speaker 4: you price Apple's stock. It's not as liquid and so
• 7:21
  Speaker 4: there might be underlying stress, but the price doesn't reflect that.
• 7:25
  Speaker 3: But if there gets to a.
• 7:27
  Speaker 4: Point like we've seen with some of the cockroach examples,
• 7:30
  Speaker 4: where at the end of the day there's massive selling
• 7:32
  Speaker 4: and then the price does have to reflect the underlying stresses.
• 7:36
  Speaker 4: That's when if those things start to pile up, you
• 7:40
  Speaker 4: could it's a snowball effect.
• 7:42
  Speaker 1: Yeah, and he's talking about private credit. Of course this
• 7:45
  Speaker 1: has been you know, kind of a snowball effect in general.
• 7:47
  Speaker 1: But before we get into that, because I want to
• 7:49
  Speaker 1: show a clip or actually a tweet here from Mohammed
• 7:51
  Speaker 1: ela Adain. I want to talk about a bitcoin because
• 7:54
  Speaker 1: you're you're saying that this is a short term run
• 7:57
  Speaker 1: and that we could see a retracement if it goes
• 8:00
  Speaker 1: If it does go to the eighty eighty five, where
• 8:03
  Speaker 1: do you think the pullback will come to?
• 8:05
  Speaker 2: So you know, my guess is is we're on the
• 8:08
  Speaker 2: precipice of a larger issue with the overall economy and
• 8:12
  Speaker 2: the markets, and I think this private credit is starting
• 8:15
  Speaker 2: to speak to it. I think the fact that we
• 8:16
  Speaker 2: saw an AMD deal yesterday with Meta where they get
• 8:20
  Speaker 2: a five year chip deal, so Meta will buy chips
• 8:23
  Speaker 2: for five years, but they had to give up warrants
• 8:25
  Speaker 2: for essentially ten percent of AMD.
• 8:28
  Speaker 3: This is more of that. You give me this, I'll
• 8:30
  Speaker 3: give you this back.
• 8:31
  Speaker 2: It's it's something we saw earlier in twenty twenty five,
• 8:34
  Speaker 2: and it's not healthy for the sector. And ultimately, we're
• 8:37
  Speaker 2: even seeing the software stocks starting to collapse even though
• 8:40
  Speaker 2: they due for a bounce and are getting a bounce.
• 8:42
  Speaker 2: And these are all systematic signs of a bubble in
• 8:45
  Speaker 2: the AI space. And I do worry that the private
• 8:48
  Speaker 2: credit market is already showing the cracks there. So if
• 8:52
  Speaker 2: that does occur after a bounce to eighty to eighty five,
• 8:55
  Speaker 2: I could see us honestly going down into the fifties
• 8:57
  Speaker 2: or the forties on bitcoin, but that would be with
• 9:00
  Speaker 2: larger stock market sell.
• 9:01
  Speaker 1: Off, all right, So so bitcoin sell off there some
• 9:06
  Speaker 1: of the things that could antagonize the market being private credit.
• 9:11
  Speaker 1: Here's Muhammed talking about this Canarian the coal Mine moment
• 9:13
  Speaker 1: similar in August two thousand and seven. The question will
• 9:16
  Speaker 1: be on the mind of some investors and policymakers that
• 9:18
  Speaker 1: were now dealing with private credit group, much like Blue Oul,
• 9:21
  Speaker 1: will permanently restrict investors from withdrawing their cash. This would
• 9:25
  Speaker 1: be a major hit. And if you look at where
• 9:28
  Speaker 1: that's going, you look at risk assets, and especially at
• 9:32
  Speaker 1: bitcoin in general, how does this end up? Especially when
• 9:37
  Speaker 1: you're looking at the scenario that we're dealing with right now,
• 9:39
  Speaker 1: where bitcoin dominance is falling, all coins are surging right now,
• 9:44
  Speaker 1: there's going to be a pivot point here where we
• 9:46
  Speaker 1: could see some massive pullbacks. Would this be one of
• 9:49
  Speaker 1: the catalysts to do that?
• 9:51
  Speaker 2: I do think so, right, And I think it's important
• 9:53
  Speaker 2: to remember that even though you or me, and specifically me,
• 9:56
  Speaker 2: I can't speak for you. I do view still Bitcoin
• 9:59
  Speaker 2: in that digital goal eventually growing into that it still
• 10:02
  Speaker 2: is going to be influenced by fear and panic, right,
• 10:04
  Speaker 2: I mean fear and panic. People ask questions later, they
• 10:07
  Speaker 2: sell first. And I do think that's the risk here
• 10:09
  Speaker 2: is that ultimately, if the markets start to drop, if
• 10:12
  Speaker 2: there's a crisis, people are going to sell everything initially.
• 10:15
  Speaker 2: Then there'll be the bottom fissures that start to pick
• 10:17
  Speaker 2: things up on the cheap.
• 10:20
  Speaker 1: All right, So let's take a look. I want to
• 10:22
  Speaker 1: go to the S and P five hundred with you
• 10:24
  Speaker 1: real quick and in general if you look at the
• 10:27
  Speaker 1: S and P five hundred diamonds kind of mentioning that
• 10:29
  Speaker 1: this could see a bit of a return, and what
• 10:32
  Speaker 1: I mean by that is a major down pressure on
• 10:35
  Speaker 1: the S and P five hundred that obviously would have
• 10:36
  Speaker 1: a trickle effect into crypto and risk assets, probably putting
• 10:39
  Speaker 1: more strength into gold and metals and maybe a handful
• 10:43
  Speaker 1: of other assets. Where do you see the S and
• 10:46
  Speaker 1: P five hunderd going right now?
• 10:48
  Speaker 3: Yeah?
• 10:48
  Speaker 2: I do think the S ANDP is in a topping pattern.
• 10:51
  Speaker 2: I would call it a rounded top. You can see
• 10:53
  Speaker 2: that from the April lows here, which was the tear off,
• 10:56
  Speaker 2: the initial tearff sell off, we had this great blast
• 11:00
  Speaker 2: up move. It took us right to the high end
• 11:02
  Speaker 2: of this parallel, and just to zoom out on this again,
• 11:05
  Speaker 2: this parallel takes into account the COVID low, the bear
• 11:08
  Speaker 2: market of twenty twenty two lows on the S and P,
• 11:10
  Speaker 2: and the liberation sell off low here, and the parallel
• 11:13
  Speaker 2: then takes you up to the bull market highs of
• 11:15
  Speaker 2: twenty twenty one, and that's right where we hit here.
• 11:19
  Speaker 2: Ever since that, we've had basically retail investors levering up,
• 11:22
  Speaker 2: putting more leverage into the market. But notice how the
• 11:25
  Speaker 2: market's not able to really go up. This is where
• 11:28
  Speaker 2: you have institutions selling into it. So institutions are selling
• 11:32
  Speaker 2: into retail buying, which is what creates a rounded top.
• 11:36
  Speaker 2: And even if we do pop, there's so much resistance
• 11:38
  Speaker 2: up here. The path of least resistance inevitably is to
• 11:42
  Speaker 2: the downside pretty sharply. And so I ambarished the rest
• 11:45
  Speaker 2: of the year, at least for now, on the markets.
• 11:47
  Speaker 1: On the SMP. Here was your tweet. This was the
• 11:51
  Speaker 1: statement right here that kind of got me a little
• 11:53
  Speaker 1: bit sideways, and that is that bess End is saying
• 11:55
  Speaker 1: we are concerned. So and he has not been concerned
• 12:00
  Speaker 1: for what the last year really, but now all of
• 12:03
  Speaker 1: a sudden, he's in a position where they're actually seeing
• 12:06
  Speaker 1: some of the things that I think you're seeing, which
• 12:08
  Speaker 1: is potentially a top Do you think it is the
• 12:10
  Speaker 1: AI fluff right now and a lot of the software
• 12:12
  Speaker 1: that's been repriced, and if so, do you think any
• 12:16
  Speaker 1: of that comes back in twenty seven?
• 12:20
  Speaker 2: Yeah? So I think the biggest risk for endle listen
• 12:22
  Speaker 2: the software stocks. Many of them have been discounted by
• 12:25
  Speaker 2: forty to fifty sixty percent. In fact, I was just
• 12:27
  Speaker 2: talking about work Day today. Workday it's a cloud player,
• 12:30
  Speaker 2: and it was down since the beginning of the year
• 12:33
  Speaker 2: forty plus percent just since January. And so you know
• 12:36
  Speaker 2: you're going to get these reflex bounces at levels like
• 12:39
  Speaker 2: we're at. But the thing is everyone's levered up in
• 12:43
  Speaker 2: this AI situation. They're spending as much money, raising as
• 12:46
  Speaker 2: much debt to spend even more. And if you just
• 12:49
  Speaker 2: have a slight situation where the monetization of that spend
• 12:53
  Speaker 2: is pushed out one year, you will have massive bankruptcies.
• 12:56
  Speaker 2: And I think that's what we're starting to see and
• 12:57
  Speaker 2: if you look at you or me, yeah, sure, I
• 13:00
  Speaker 2: use Gemini, use Claude, I use you know, chat ept,
• 13:03
  Speaker 2: But what are we paying for that twenty dollars a month?
• 13:05
  Speaker 2: When does it come to the point where these companies
• 13:07
  Speaker 2: that are spending two hundred billion a year can monetize
• 13:11
  Speaker 2: it more? And if that doesn't happen for a couple
• 13:13
  Speaker 2: extra years, major major bankruptcies on the horizon.
• 13:17
  Speaker 1: All right, beyond that, let's move over to ETH, because
• 13:21
  Speaker 1: now you're scaring me, Gareth, you got things going over there.
• 13:24
  Speaker 1: I got to go something a little bit more lighthearted,
• 13:26
  Speaker 1: which is usually Tom Lee's Twitch Twitter stream, which is
• 13:31
  Speaker 1: the ETH bags are heavy. He's houlding it on man,
• 13:34
  Speaker 1: I love it, Nike pig there. You look at the
• 13:37
  Speaker 1: ETH chart right now, and of course Eth correcting well
• 13:40
  Speaker 1: above two thousand. Now, this is a nice move on ethereum,
• 13:44
  Speaker 1: But where do you place this one if Bitcoin goes
• 13:46
  Speaker 1: to eighty five?
• 13:48
  Speaker 3: Yeah? So, so like bitcoin, I'm long ETH. Here.
• 13:51
  Speaker 2: You could see the classic consolidation bullflaging here. It's breaking
• 13:54
  Speaker 2: out above the upper end. You need to see it
• 13:56
  Speaker 2: close above here. Today obviously we don't want to see
• 13:59
  Speaker 2: a pullback intro day below that line. Assuming that holds,
• 14:02
  Speaker 2: I do think you get that short squeeze and buying
• 14:04
  Speaker 2: frenzy that could take us up to this twenty six
• 14:07
  Speaker 2: to two about twenty eight hundred marker. Now again on
• 14:11
  Speaker 2: a percentage basis, that's a fantastic move just even from
• 14:14
  Speaker 2: today's high. We could be looking at twenty seven to
• 14:17
  Speaker 2: thirty five or thirty six percent upside just in the
• 14:20
  Speaker 2: coming week or two. And I think that's that's realistically.
• 14:23
  Speaker 2: What of my target is in the near turn now?
• 14:25
  Speaker 2: Once it gets there, Look at all this resistance. I mean,
• 14:27
  Speaker 2: there's gonna be a wall, like a crazy thick wall here,
• 14:30
  Speaker 2: not to say it can't get through, but it's good.
• 14:32
  Speaker 2: This is going to be the test here right at
• 14:34
  Speaker 2: this twenty six to twenty eight hundred marker.
• 14:36
  Speaker 1: All right, you give me twenty six to twenty eight.
• 14:39
  Speaker 1: We're sitting at an eighty five k bitcoin. We know
• 14:42
  Speaker 1: where we could see some retracement there on eight Where
• 14:45
  Speaker 1: do you think we could see retracement too? Do we
• 14:48
  Speaker 1: get a sub fifteen hundred eighth at some point down
• 14:50
  Speaker 1: the road.
• 14:52
  Speaker 3: That's tough.
• 14:53
  Speaker 2: So again, I haven't done as much in depth research
• 14:55
  Speaker 2: on ETH, but I will say that at least what
• 14:58
  Speaker 2: we see down here on the chart is that there's
• 15:00
  Speaker 2: a ton of major support around that fifteen hundred marker.
• 15:03
  Speaker 2: So I would think that if we did see Bitcoin
• 15:06
  Speaker 2: going sub fifty thousand, we'd have to assume eth is
• 15:09
  Speaker 2: probably in that same range fifteen to fourteen hundred. I
• 15:12
  Speaker 2: would definitely be a buyer down there, just based on that.
• 15:14
  Speaker 2: If we get that, that's I would look at that
• 15:16
  Speaker 2: as a long term.
• 15:17
  Speaker 1: Gift coming in. Well, listen, you got Bitwise over here
• 15:20
  Speaker 1: painting a new picture. It looks like a mona Lisa.
• 15:23
  Speaker 1: Financial markets are moving on chain. You got SEC launching
• 15:27
  Speaker 1: Project Crypto. Blackrock says every stock, every bond. This just
• 15:31
  Speaker 1: looks a little too convenient to me when I see
• 15:36
  Speaker 1: things like this happening right now. What's okay? Where's the
• 15:41
  Speaker 1: secret here behind this tweet? What am I missing here?
• 15:45
  Speaker 2: I don't know if you're missing anything, to be honest,
• 15:47
  Speaker 2: I mean I think that again, you look at Circle
• 15:49
  Speaker 2: had earnings this morning.
• 15:50
  Speaker 3: They were fantastic earnings off the charts.
• 15:53
  Speaker 2: Yeah yeah, I mean there's a tokenization going on here now. Again,
• 15:57
  Speaker 2: individually on the all coins, you don't know which ones
• 15:59
  Speaker 2: are going to be the winner or losers. I still
• 16:01
  Speaker 2: think bitcoin is the best play to bank on going forward.
• 16:04
  Speaker 2: But there's no doubt that tokenization and and these these
• 16:07
  Speaker 2: stable coins are a major part of the future of
• 16:11
  Speaker 2: the US and the world, and therefore it's gonna continue
• 16:13
  Speaker 2: to happen.
• 16:14
  Speaker 1: I like it, all right, We're gonna we're gonna put
• 16:16
  Speaker 1: you on the on the spot here between Ethereum and Solana,
• 16:21
  Speaker 1: because these are the two winners right now. I think
• 16:24
  Speaker 1: that come out of what we'll see in the short term.
• 16:26
  Speaker 1: You got Tom Lee over here. We know where he stands.
• 16:28
  Speaker 1: More signs of meaningful low in place, stopping comes consensus short,
• 16:32
  Speaker 1: don't worry about it. Hence the stock and rise on
• 16:34
  Speaker 1: bad news. He thinks that the bad news is priced in.
• 16:37
  Speaker 1: This of course, all goes into things that are happening around. Uh,
• 16:41
  Speaker 1: both Eth as well as Solana. Where would you where
• 16:45
  Speaker 1: would you stand right now? Eath Solana? Where's my play?
• 16:48
  Speaker 2: Well, just because Tom Lee's on eth, I'm gonna choose Solana.
• 16:51
  Speaker 2: We're gonna go on that direction here, so I'll take
• 16:54
  Speaker 2: that side of the of the coin. Even though honestly
• 16:56
  Speaker 2: they're both all coins. They probably move together. But look
• 16:58
  Speaker 2: at this beautiful pattern and technical analysis, this was called
• 17:01
  Speaker 2: a bottoming tail, which is a major reversal signal. And
• 17:04
  Speaker 2: I just want to point out to people is that
• 17:06
  Speaker 2: it's not like we should be surprised at the move today.
• 17:08
  Speaker 2: I know a lot of people are, but the signs
• 17:10
  Speaker 2: were there. I mean, when you get a bottoming tail
• 17:12
  Speaker 2: in a chart, as a technician, I jump up and
• 17:15
  Speaker 2: down and I take note of these type of signals
• 17:17
  Speaker 2: and it's a bullish reversal signal. And so now the
• 17:19
  Speaker 2: question is how high do we go? Solana, you have
• 17:22
  Speaker 2: upside to about the one to eleven to one twenty level.
• 17:25
  Speaker 2: If it can break out of that, then you're talking
• 17:27
  Speaker 2: about massive upside. And just from the speed side of it,
• 17:30
  Speaker 2: I'll take Solana.
• 17:32
  Speaker 1: Okay, Solana on that one, which I like. I think
• 17:35
  Speaker 1: this is the one that I would probably play as well. However,
• 17:39
  Speaker 1: you could take the alternative route on ETH and go
• 17:42
  Speaker 1: BM and R. This kind of just shows you right
• 17:45
  Speaker 1: there here sounds as much ethereum that tom Ley and
• 17:47
  Speaker 1: bittmin and bmin R have held, and they continue to
• 17:51
  Speaker 1: pile in on top of this thing. Look at that, man,
• 17:54
  Speaker 1: This is crazy, the amount of eth they have been
• 17:56
  Speaker 1: acquiring What about bmin R on this would when BM
• 18:00
  Speaker 1: and R.
• 18:00
  Speaker 3: A BUYE.
• 18:03
  Speaker 2: That's a good question BMNR. Here, let me just take
• 18:05
  Speaker 2: a look at the charts. So, I mean, the chart's
• 18:07
  Speaker 2: obviously popping today, no doubt about it, and it's been
• 18:10
  Speaker 2: in a long, long down trend.
• 18:12
  Speaker 3: You know.
• 18:13
  Speaker 2: The one thing I would say, and this is one
• 18:14
  Speaker 2: of the things that I've done recently with micro strategies,
• 18:17
  Speaker 2: is I would add up all the eth that they
• 18:19
  Speaker 2: own and I would buy it when it's at a discount.
• 18:22
  Speaker 2: So if we know what we know is that recently
• 18:25
  Speaker 2: on micro Strategy MSTR, when it once it got down
• 18:29
  Speaker 2: really below this area, it's then started to be cheaper
• 18:32
  Speaker 2: than the Bitcoin that they hold on their balance sheet,
• 18:34
  Speaker 2: right And I think that's the kicker. And so so
• 18:36
  Speaker 2: again I don't know, I haven't calculated it out on BMNR,
• 18:40
  Speaker 2: but that would be the trick is if I can
• 18:42
  Speaker 2: buy ETH myself cheaper than BMNR overall, then I would
• 18:46
  Speaker 2: do that.
• 18:46
  Speaker 3: If I can't, then I would go with bmn R.
• 18:49
  Speaker 1: Okay, all right, there you go. It is above NOV
• 18:51
  Speaker 1: based on where it is right now. So but it
• 18:55
  Speaker 1: has been obviously in a position that maybe if he
• 18:58
  Speaker 1: does get a run here, this could be, you know,
• 19:00
  Speaker 1: an alternative play if you're if you're looking at hedging
• 19:04
  Speaker 1: against that. Another token that we're watching right now that
• 19:08
  Speaker 1: had some pretty good movement was Sweet. They had some
• 19:11
  Speaker 1: news shipping three ETFs in under seven days, so that
• 19:14
  Speaker 1: was good news for them. Then you have a course
• 19:18
  Speaker 1: this happening, which was a meta stable coin news. Let's
• 19:21
  Speaker 1: remember also that a lot of the Sweet guys came
• 19:23
  Speaker 1: out of that project years ago off of meta speculation
• 19:29
  Speaker 1: around that. Where would you be right now on suite?
• 19:33
  Speaker 1: Would you be in a position to buy it, sell it,
• 19:37
  Speaker 1: or hold it?
• 19:38
  Speaker 3: Yeah?
• 19:39
  Speaker 2: I think I think so number one. I'm holding it
• 19:41
  Speaker 2: right now, but I would be a buyer here as well.
• 19:44
  Speaker 2: And again go into the chart. It's just all about
• 19:46
  Speaker 2: the chart. You get the reversal signal that all this
• 19:48
  Speaker 2: choppy sideways action based on this the bulls want to
• 19:51
  Speaker 2: see a breakout above this one oh three level. If
• 19:54
  Speaker 2: we can get a breakout above one oh three, I
• 19:56
  Speaker 2: actually think you can run all the way to about
• 19:58
  Speaker 2: a dollar thirty four to it dollar thirty five, that
• 20:01
  Speaker 2: will be your first big resistance zone. So again I'd
• 20:04
  Speaker 2: be a buyer here. Based on how low it is
• 20:06
  Speaker 2: on the chart with max upside. And again the beauty
• 20:08
  Speaker 2: of this too is think about this. If you're an
• 20:10
  Speaker 2: investor and you want to be aggressive, just keep your
• 20:13
  Speaker 2: stop below this low and so you're risking less than
• 20:17
  Speaker 2: the reward to that next target. And as a trader,
• 20:19
  Speaker 2: if you're disciplined enough, you can play it that way.
• 20:22
  Speaker 1: Yeah, let's talk about Avalanche. This has been another one
• 20:25
  Speaker 1: that has been down at the bottom for quite some time.
• 20:29
  Speaker 1: Many people kind of pointing to the bottom and what
• 20:32
  Speaker 1: it might look like fear and greed is sitting at
• 20:35
  Speaker 1: extreme levels. We've seen that. Now maybe we'll see a
• 20:37
  Speaker 1: little bit of adjustment, but a lot of people buying
• 20:39
  Speaker 1: Avalanche right now at its lowest point. Ever, what do
• 20:44
  Speaker 1: you think about avacc Is this still a token that
• 20:46
  Speaker 1: you would make a play on? It?
• 20:48
  Speaker 3: Is? It is? Yeah? So I had a position.
• 20:51
  Speaker 2: I did take half off the table for a little
• 20:53
  Speaker 2: bit of a game today, but I'm holding the remainder
• 20:56
  Speaker 2: as kind of like my good luck amount and I
• 20:58
  Speaker 2: want to see this thing first. Resistance is going to
• 21:00
  Speaker 2: be around eleven thirty five. That's this former pivot low.
• 21:04
  Speaker 2: But aside from that, the other factor I'm watching closely.
• 21:07
  Speaker 2: There's a trend line here, and look at this. You
• 21:09
  Speaker 2: actually had the breakout literally a two weeks ago right here,
• 21:13
  Speaker 2: and so that was the first signal that a bull
• 21:15
  Speaker 2: run is likely starting, even though it came lower since then,
• 21:18
  Speaker 2: it never took out the lows down here at this
• 21:21
  Speaker 2: very lowest point. And now you're getting the push. So
• 21:23
  Speaker 2: we got to see this thing take out this nine
• 21:25
  Speaker 2: eighty nine eighty five level. If it does, it should
• 21:27
  Speaker 2: shoot up to about eleven dollars and thirty five cents.
• 21:30
  Speaker 1: All right, a little softer move on avalanche. Let's jump
• 21:33
  Speaker 1: over to XRP. We of course many people speculating around XRP.
• 21:39
  Speaker 1: What could happen, especially if clarity goes through likelihood as
• 21:43
  Speaker 1: we'll see a lot of the market move including Ethereum, Salona,
• 21:46
  Speaker 1: et cetera. Where would you place XRP trading right now?
• 21:49
  Speaker 1: I think it's around one forty today.
• 21:51
  Speaker 2: Yeah, So XRP is really interesting because it was holding
• 21:54
  Speaker 2: this massive support line for so long and now it's broken.
• 21:58
  Speaker 2: So essentially what that means is it crossed over to
• 22:01
  Speaker 2: the weaker side. It still should reattack this level, but
• 22:04
  Speaker 2: as a technician, you got to see XRP. Take out
• 22:08
  Speaker 2: this area of the downsloping a descending trend line. You
• 22:11
  Speaker 2: have this former level right through here that was all
• 22:14
  Speaker 2: this support. Now it becomes resistance. So essentially between one
• 22:18
  Speaker 2: sixty and essentially one ninety five, that's going to be
• 22:21
  Speaker 2: resistance anywhere in there. If you can breach essentially two dollars,
• 22:25
  Speaker 2: that's where the big move comes in. I think you're
• 22:27
  Speaker 2: right the Clarity Act. You get that through, you have
• 22:29
  Speaker 2: a good shot of breaking through this level. Until then,
• 22:32
  Speaker 2: I think you have to err on the side of caution.
• 22:34
  Speaker 2: I think it goes up to one sixty one ninety,
• 22:36
  Speaker 2: but you probably take a little chips off the table
• 22:38
  Speaker 2: at that level.
• 22:39
  Speaker 1: What would what move would that be at one sixty
• 22:42
  Speaker 1: one to ninety from where it's trading right now.
• 22:45
  Speaker 2: So the low end would be about an eleven to
• 22:47
  Speaker 2: twelve percent move, and then all the way up to
• 22:49
  Speaker 2: about a thirty three percent move, And again for crypto,
• 22:51
  Speaker 2: we know how that works. That's like a day's move
• 22:54
  Speaker 2: potentially in crypto. But that's the zone where I would
• 22:56
  Speaker 2: still be skeptical. If it can get through two and
• 22:59
  Speaker 2: hold a above, that's like golden golden chants, right there
• 23:02
  Speaker 2: for big upside.
• 23:03
  Speaker 1: All right. So we do have the White House Crypto
• 23:06
  Speaker 1: Summit coming up on Friday. Sachs is going to be there.
• 23:09
  Speaker 1: Hopefully we've got a deal in play. If you look
• 23:12
  Speaker 1: at the poly market, it jumped above well, it's hovering
• 23:16
  Speaker 1: right around fifty percent right now as we record this.
• 23:19
  Speaker 1: In terms of clarity going through. Do you think there's
• 23:23
  Speaker 1: been a truce in the back room And maybe that's
• 23:26
  Speaker 1: some of the freedom that we've seen moving into the
• 23:29
  Speaker 1: market right now, because there's a lot of liquidity coming
• 23:32
  Speaker 1: into the market today, that's what.
• 23:35
  Speaker 3: So my.
• 23:37
  Speaker 2: Theory is that the markets are expecting and I think
• 23:41
  Speaker 2: rightly so, that there might be some positive movement. If
• 23:44
  Speaker 2: you have this conference, this crypto conference at the White
• 23:46
  Speaker 2: House coming up, it's very likely that could be the
• 23:49
  Speaker 2: spot where positive news is released, right And it's very
• 23:53
  Speaker 2: you mentioned there were some bigger buyers accumulating. We know
• 23:56
  Speaker 2: that the President tends to like to let news slip
• 23:59
  Speaker 2: out a little bit to and individuals, and it's very
• 24:01
  Speaker 2: likely that's our tea leaves or our breadcrumbs that something
• 24:04
  Speaker 2: is going on, that something positive will happen. And I
• 24:07
  Speaker 2: think the market's smart enough to sniff that out and
• 24:09
  Speaker 2: is probably why we're starting to see the surge today.
• 24:11
  Speaker 1: Remember this, though, guys, Fridays, I hate them and I
• 24:14
  Speaker 1: love them at the same time. Fridays is usually when
• 24:17
  Speaker 1: we get the bad news and when we get the
• 24:19
  Speaker 1: good news that accelerate into the weekends where you get
• 24:22
  Speaker 1: these explosive weekends that most people can't take advantage of
• 24:27
  Speaker 1: except for those kind of in the game. So Friday afternoon,
• 24:31
  Speaker 1: watch out because this crypto some may yield some very
• 24:34
  Speaker 1: interesting things happening. Then, Garret Salowe, Man, it is good
• 24:38
  Speaker 1: catching up with you. Great to have you back on
• 24:39
  Speaker 1: the show. Thanks for coming in.
• 24:41
  Speaker 2: Hey, thanks, Paul, was a pleasure and I appreciate it.
• 24:43
  Speaker 2: Thank you.
• 24:50
  Speaker 1: If you like this video, like and subscribe, drop a
• 24:53
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• 24:57
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