Latest / The Paul Barron Crypto Show / Ultimate Shakeout!🔥Crypto Technical Analysis🚀@TimWarrenTrades
Transcript
- 0:00Speaker 1: The ultimate shakeout could be on the doorstep right now. Today,
- 0:03Speaker 1: we'll break it down with you. We'll dive into some tokens,
- 0:06Speaker 1: do some charts. All that's going to be available. It's
- 0:08Speaker 1: going to be a good one. Don't miss it. I
- 0:10Speaker 1: do want to thank our sponsor and that is BTCC.
- 0:13Speaker 1: You guys should check out BTCC and start shifting your
- 0:16Speaker 1: crypto exchanges around because this is an opportunity as we
- 0:19Speaker 1: start to see the markets heating up. This is where
- 0:22Speaker 1: you guys can get a little bit of an extra
- 0:24Speaker 1: bonus ten percent on your first deposit.
- 0:26Speaker 2: You also get some VIP.
- 0:27Speaker 1: Rewards, some unlocks, as well as some additional bonuses when
- 0:31Speaker 1: you guys are using our link down below.
- 0:34Speaker 2: We've started to play with this.
- 0:36Speaker 1: We like it and it's whether you're long, inner, shorting.
- 0:39Speaker 1: I don't necessarily use any kind of leverage, but it
- 0:41Speaker 1: is a great platform to go out there and start
- 0:44Speaker 1: to play around in the market.
- 0:46Speaker 2: Check it out BTCC.
- 0:47Speaker 1: Let's go over to Tim Warren who's joining us in
- 0:50Speaker 1: today from Tim Warren.
- 0:51Speaker 2: Of course you guys know him over on YouTube.
- 0:54Speaker 1: Tim Warren Trades. There's this YouTube channel. Look at that
- 0:57Speaker 1: beautiful YouTube channel right there. You guys, make sure and
- 1:01Speaker 1: followed Tim right there, Tim, How are you today?
- 1:04Speaker 2: Man?
- 1:05Speaker 3: I was doing a private VIP group right before this,
- 1:08Speaker 3: and my long term portfolio still still not you know
- 1:11Speaker 3: where it was last month, but trading portfolio heavily in
- 1:15Speaker 3: the green right now, so loving it.
- 1:16Speaker 4: You know, there's always going to make money.
- 1:17Speaker 1: So yeah, listen, you gotta look at this right here.
- 1:22Speaker 1: US government shutdown so far. Look at this line list
- 1:25Speaker 1: right here. Forty two million facing snap interruptions, three and
- 1:28Speaker 1: a half million airfare disruptions.
- 1:31Speaker 2: I was one of those.
- 1:31Speaker 1: I got sidelined on the swell event because of an
- 1:35Speaker 1: air cancelation into New York. Yeah, seven hundred and fifty
- 1:39Speaker 1: one thousand employees furloughed, five thousand flights canceled, fifteen billion
- 1:43Speaker 1: in USGDP lost twenty three percent of federal employees set
- 1:47Speaker 1: to be furloughed. And now we have a big one
- 1:50Speaker 1: going into Thanksgiving holiday, which is reduction of flight capacity
- 1:54Speaker 1: forty airports.
- 1:55Speaker 2: So that's a problem. Guys.
- 1:57Speaker 1: This is getting out of hand. So my question is
- 2:00Speaker 1: do you think this is going to continue to press
- 2:03Speaker 1: suppress the market overall?
- 2:05Speaker 3: At the end of the day, it doesn't really matter
- 2:06Speaker 3: what I think it is. It is suppressing the market.
- 2:09Speaker 3: The question is when does it all change. And I
- 2:11Speaker 3: do think there's I think there's a rebound that can happen,
- 2:16Speaker 3: like a rubber band effect when it opens back up.
- 2:19Speaker 3: And of course, I think by the time this video
- 2:21Speaker 3: is out and people are watching it, maybe the Senate
- 2:23Speaker 3: already has voted or they're about to vote. Yeah, they're
- 2:26Speaker 3: hopefully Lord willing they reopen it. I think there could
- 2:30Speaker 3: be a good rebound if they don't. I mean it's
- 2:32Speaker 3: pretty obvious. I think multiple officials have come out and
- 2:34Speaker 3: told us, if we don't get this government open, the
- 2:37Speaker 3: pain is not done yet for the market. So yeah,
- 2:40Speaker 3: I'm hopeful. Well I'm hopeful, and it's nothing to go
- 2:42Speaker 3: on to guarantee.
- 2:44Speaker 1: Yeah, and you could end up in another little slice
- 2:46Speaker 1: down of course, right there, poly Market now jumping dramatically
- 2:50Speaker 1: that this could extend. So what does poly market know
- 2:54Speaker 1: coming off of this Senate meeting right now? Other things
- 2:58Speaker 1: I want to hit on right here, because this is
- 3:00Speaker 1: that's what you're talking about, which is the Senate considering
- 3:02Speaker 1: a revised plan to in the government. This is majority
- 3:04Speaker 1: of Leader John Thune who talked about this and he
- 3:07Speaker 1: basically said that we should.
- 3:09Speaker 2: Expect to vote.
- 3:10Speaker 1: This is hopefully as we record this and get it out,
- 3:13Speaker 1: it'll be done. Whether that is going to open it
- 3:16Speaker 1: up or at least get a leg up on maybe
- 3:19Speaker 1: a position that they can come together on and maybe
- 3:24Speaker 1: put something on the docket. If that occurs, then maybe
- 3:26Speaker 1: we could see a pretty quick turnaround. I want to
- 3:29Speaker 1: play a clip for you, because this is Ben Shapiro.
- 3:32Speaker 1: We don't play many of his clips, but he even
- 3:36Speaker 1: he was getting into the tariff ruling from the Supreme Court.
- 3:40Speaker 2: Take a look.
- 3:41Speaker 5: I do not believe that the court. I've said this
- 3:43Speaker 5: since literally day one, when President Trump announced libration. I
- 3:46Speaker 5: said that day this is illegal. The Supreme Court is
- 3:48Speaker 5: going to strike this down. He does not actually have
- 3:51Speaker 5: the constitutional authority to do this. If the court does
- 3:53Speaker 5: strike it down, watch the stock market absolutely explode. Seriously,
- 3:57Speaker 5: You'll watch the S and P five hundred jump. Nobody's
- 4:00Speaker 5: business and the President is then going to be in
- 4:02Speaker 5: the awkward position of having to explain why the markets
- 4:04Speaker 5: are boosted by the rejection of is going to go
- 4:07Speaker 5: through the roof.
- 4:08Speaker 1: All right, So you saw that this is something we
- 4:10Speaker 1: talked about as well. Is that if tariff's the stroke
- 4:15Speaker 1: of tariffs get removed from the presidential powers in the
- 4:19Speaker 1: way that he's been doing it.
- 4:21Speaker 2: This is going to be a big hit on the market.
- 4:23Speaker 2: What do you think.
- 4:24Speaker 1: Do you think S and P or do you think
- 4:26Speaker 1: it flows into crypto in general?
- 4:28Speaker 3: Well, I mean I could be wrong. I interpreted the
- 4:31Speaker 3: call he made there that it would be extremely bullish.
- 4:33Speaker 3: Did you interpret that a different direction?
- 4:34Speaker 1: No, S and D or you think it's all going
- 4:38Speaker 1: to be on traditional just stocks?
- 4:40Speaker 3: It's everything because it's it's going to be liquidity, it's
- 4:44Speaker 3: going to be lower inflation, it's going to be a
- 4:47Speaker 3: bullish thing for the economy. Here's the only problem. And
- 4:50Speaker 3: I'm sure Paul you know this, but for listeners out there,
- 4:53Speaker 3: two road bumps here. Number One, this is going to
- 4:57Speaker 3: take a long time to play out in the super Court.
- 5:00Speaker 3: We're not going to get this ruling and things all
- 5:02Speaker 3: of a sudden tomorrow flip and we're good. Number two,
- 5:05Speaker 3: Bestent and Trump, I think both have come out saying
- 5:07Speaker 3: that there's a plan B. They have the Supreme Court
- 5:10Speaker 3: word to shoot them down that would allow them to
- 5:12Speaker 3: keep running tariffs. What that plan be is I have
- 5:15Speaker 3: no idea, So I'm sitting here, Paul as someone who
- 5:18Speaker 3: says the Supreme Court she was down should be bullish.
- 5:22Speaker 3: But I'm afraid that there are some other things at hand,
- 5:26Speaker 3: both timeline wise and secret plans that Trump and bestnt
- 5:30Speaker 3: have that could make that bullishness moot. Now, I think
- 5:33Speaker 3: markets could pump for other reasons other than the tariff ruling.
- 5:37Speaker 3: But I want to be fair. In a world where
- 5:40Speaker 3: the tariffs are shut down, they're illegal and there is
- 5:42Speaker 3: nothing Trump or Bessent can do to fight.
- 5:44Speaker 4: It, very bullish. I just don't see it playing out
- 5:47Speaker 4: that way.
- 5:47Speaker 3: Well.
- 5:48Speaker 1: I think the key is because remember, the President still
- 5:51Speaker 1: has a lot of powers in being able to restrict imports,
- 5:55Speaker 1: which is one of the biggest things. I think that
- 5:56Speaker 1: a lot of these countries. We talked about this on
- 5:58Speaker 1: the show yesterday, a lot of these countries are more
- 6:01Speaker 1: afraid of is the import restrictions rather than tariffs, because
- 6:05Speaker 1: that is something that is really being paid by the
- 6:08Speaker 1: American businesses. You turn that around and say, Okay, maybe
- 6:11Speaker 1: it's not on to be on American businesses, which is
- 6:14Speaker 1: restricting price, but we're just going to limit your imports.
- 6:17Speaker 1: Now you're limiting access to the market. Which he does
- 6:19Speaker 1: have presidential authority to do. That would change things up,
- 6:23Speaker 1: still give them the leverage to go out and make deals,
- 6:27Speaker 1: but it would do what you're talking about, which is
- 6:29Speaker 1: pump the stock market, because that's going to position the
- 6:31Speaker 1: American consumer in a much better light. All right, So, Tim,
- 6:34Speaker 1: I want you to take a look at a clip here.
- 6:36Speaker 1: This one is of Kathy Would. We played it yesterday,
- 6:38Speaker 1: but the point was, well, it was a response to
- 6:41Speaker 1: the one that came out yesterday, which is where Kathy
- 6:43Speaker 1: Wood was downgrading. And then Kernin on CNBC actually responded
- 6:49Speaker 1: to that because this is where it gets a little
- 6:51Speaker 1: interesting around bitcoint Take.
- 6:53Speaker 6: A look price target of one point five million, you
- 6:55Speaker 6: can cut three hundred thousand off the whole thing, it
- 6:58Speaker 6: seems so.
- 6:59Speaker 4: I don't know why we we really ran it there.
- 7:01Speaker 6: But the point she was making I thought was interesting,
- 7:03Speaker 6: and that is that maybe the something for cross border
- 7:06Speaker 6: transactions and instantaneous payment that could be stated. She's basically
- 7:10Speaker 6: saying stable coin could take a lot of that of.
- 7:14Speaker 4: That market shop. I would further, I think it's already
- 7:16Speaker 4: taking that, right. I think that's kind of her point.
- 7:18Speaker 6: So Bitcoin's never going to be anything other than a
- 7:20Speaker 6: digital goal. I mean, you've got institutional buyers, you've got governments,
- 7:24Speaker 6: you've got sovereigns, you've got people buying. If it went
- 7:27Speaker 6: to zero, that would be a yeah, that'd be a
- 7:30Speaker 6: real issue, would it not.
- 7:34Speaker 1: Well, Kurna just said Bitcoin going to zero would be
- 7:39Speaker 1: a real Yeah, that would be a real issue, kind.
- 7:41Speaker 4: Of an issue.
- 7:41Speaker 2: Yeah, yeah, yeah, that would be a real issue. Joe,
- 7:44Speaker 2: all right.
- 7:44Speaker 1: So but you know, Anthony, to his credit, he didn't
- 7:47Speaker 1: back away from that question. He said, yeah, stable coins
- 7:50Speaker 1: are are clearly the winner here when you look at
- 7:54Speaker 1: the global adoption and use case. But that's not necessarily
- 7:57Speaker 1: pulling away from bitcoin as a whole. What's your opinion
- 8:01Speaker 1: right now, what's your opinion right now why Bitcoin is
- 8:03Speaker 1: responding so erratically?
- 8:05Speaker 3: As far as why bitcoins are re spawning erratically, You
- 8:07Speaker 3: have a couple of different things that will play too
- 8:09Speaker 3: that one. But as far as this whole situation with
- 8:13Speaker 3: stable coins and bitcoin and what the future looks like
- 8:16Speaker 3: there if you came into today or you came in
- 8:20Speaker 3: and watched that videos, thinking somewhere out there that someday
- 8:24Speaker 3: you would be buying your groceries in bitcoin and Satoshi's
- 8:29Speaker 3: that's that's not been a thing for a long time.
- 8:32Speaker 3: Bitcoin is digital gold. So to say that stable coins
- 8:36Speaker 3: would send bitcoin to zero would be like saying the
- 8:38Speaker 3: US dollar would send gold to zero. It's actually the
- 8:42Speaker 3: opposite gold. Watch it against inflation.
- 8:46Speaker 1: Yeah, this is why you watch our shows, okay, because
- 8:48Speaker 1: when CNBC says something like that, what are these guys thinking?
- 8:52Speaker 1: Did they not understand the metrics here of how this works? Yeah,
- 8:55Speaker 1: let's get it. Okay, Well, speaking of ethereum, JP Morgan
- 8:58Speaker 1: just said, hey, well, we're going to buy a little theorem.
- 9:00Speaker 1: But we did it in the way of buying some
- 9:02Speaker 1: shares to bitmind, which is Tom Lee's usual last at
- 9:05Speaker 1: Treasury worth one hundred and two million, not a lot,
- 9:07Speaker 1: but enough for JP Morgan to jump in on this.
- 9:10Speaker 2: But that is the largest.
- 9:11Speaker 1: Bank in America now owning a stake in a DAT
- 9:14Speaker 1: so that's got to be bullish for this may have
- 9:17Speaker 1: been just a nod to Tom Lee, you know, because
- 9:19Speaker 1: of course Tom has been out there shouting to the
- 9:22Speaker 1: to the hills we're going to see a seven thousand
- 9:24Speaker 1: dollars eighth by end of year. What's your opinion? And
- 9:26Speaker 1: give me the chart on eight. Where are we end
- 9:28Speaker 1: of year?
- 9:29Speaker 4: Ooh, end of year? You know, I don't know.
- 9:32Speaker 3: Let's just before I tell you that, like, let's get
- 9:34Speaker 3: to a level where we start getting bullish again.
- 9:36Speaker 4: Something I can confess to.
- 9:37Speaker 3: Mykenati Paul, you know me, and people watch just know me,
- 9:41Speaker 3: and some people arenn laugh as I say this. You
- 9:43Speaker 3: guys know that I'm the guy who said that at
- 9:44Speaker 3: the end of this bullmarket that I thought would end
- 9:46Speaker 3: in twentywy six, that we could see things like chain
- 9:48Speaker 3: Link at four hundred dollars per coin. I said we
- 9:51Speaker 3: could see Ethereum up closer to fifteen thousand bitcoinner B,
- 9:54Speaker 3: well over two hundred. While I still believe all of
- 9:57Speaker 3: those price predictions are doable long term in the future,
- 10:02Speaker 3: the thing that I've gotten wrong the most, Paul, and
- 10:04Speaker 3: I've kind of backed off on with my community is
- 10:06Speaker 3: I'm gonna stop trying to predict timelines because we try
- 10:10Speaker 3: to look at the next two or three months, and
- 10:12Speaker 3: they keep pushing deadlines back on us. We are supposed
- 10:14Speaker 3: to have regulation back earlier this year. We were supposed
- 10:17Speaker 3: to have rate cuts earlier this year. We were supposed
- 10:20Speaker 3: to have liquidity coming back in earlier this year, and
- 10:22Speaker 3: they just keep pushing it away and away in a way.
- 10:24Speaker 3: So right now, when I hear things like Tom Lee
- 10:26Speaker 3: saying two hundred thousand dollars bitcoin and seven thousand dollars
- 10:29Speaker 3: theory and by end of year, I'm just sitting here
- 10:31Speaker 3: saying I believe bitcoin will get to two hundred thousand
- 10:34Speaker 3: ethereum to seven thousand at some point, but at this rate,
- 10:38Speaker 3: end of year just does not seem likely unless something
- 10:41Speaker 3: dramatic happens in the next couple of days or next
- 10:44Speaker 3: week or two. So while I'm not gonna be able
- 10:47Speaker 3: to pinpoint Paul for you a end of year projection,
- 10:50Speaker 3: because we got to get bullsh again before that happens,
- 10:52Speaker 3: what I can do is tell people where I'm looking
- 10:54Speaker 3: at lower levels where if the bottom's not in and
- 10:57Speaker 3: I'm not fully convinced yet the bottom's in, where lower
- 11:00Speaker 3: levels of interest are still sitting, and then I can
- 11:03Speaker 3: look at some levels up above that are very interesting
- 11:06Speaker 3: for when we do pop back up. So you guys
- 11:09Speaker 3: can see, we were holding up pretty well here until
- 11:12Speaker 3: the other day November two. We were staying above this
- 11:15Speaker 3: trend of support and below this resistance of a falling channel.
- 11:18Speaker 3: But then on the second the third, we lost that
- 11:21Speaker 3: support closed several candles below. This is one of those
- 11:25Speaker 3: things right now, let me go to the daily chart here.
- 11:27Speaker 3: This is one of those things that the first thing
- 11:29Speaker 3: we got to do is reclaim this support level here
- 11:32Speaker 3: at thirty five hundred dollars. I know we're thirty four
- 11:34Speaker 3: almost right now, but we got to get back up
- 11:36Speaker 3: there just to even start having a conversation about, well,
- 11:40Speaker 3: what happens if we go more bullets?
- 11:41Speaker 4: Right?
- 11:42Speaker 3: Today's a great day. However, when you zoom out, I
- 11:45Speaker 3: tell people this all the time as well. If I
- 11:47Speaker 3: look at the five minute chart right now with you, Paul,
- 11:49Speaker 3: that's a great looking chart. Oh the bull market that
- 11:51Speaker 3: must be back on right well, that's the five minute chart.
- 11:54Speaker 3: That's about that helps me for about the next two
- 11:57Speaker 3: hours at most. When I look at the daily chart
- 11:59Speaker 3: or the four hours, we're still in a downtrend. And
- 12:02Speaker 3: I'll tell you this right now, I'll look at like
- 12:03Speaker 3: the eight hour chart, and here you're absolutely right now
- 12:06Speaker 3: in danger on ethereum if we don't sustain a bigger
- 12:09Speaker 3: rally here and it's not here yet, take a look
- 12:12Speaker 3: at this little support and I'm gonna just draw this
- 12:14Speaker 3: quickly little support, little resistance kind of in play attached
- 12:18Speaker 3: to an explosive move here, this would become a bare
- 12:21Speaker 3: flag pattern that could send ETH back down below three
- 12:25Speaker 3: thousand dollars in the next little bit. At one point
- 12:27Speaker 3: I talked about us breaking out of this formation going
- 12:29Speaker 3: all the way up to eight thousand. Let's put a
- 12:31Speaker 3: pin in that, right. I still think someday eight thousand happens.
- 12:33Speaker 3: But clearly the markets decided, Nope, we're not gonna break bullishly,
- 12:37Speaker 3: which we normally do seventy to eighty percent of times
- 12:39Speaker 3: out of this formation. We're gonna break to the downside.
- 12:42Speaker 3: And because of that, you've got to start asking question
- 12:45Speaker 3: when is the bottom going to be in how will
- 12:47Speaker 3: it look? And at this point until I start to
- 12:50Speaker 3: see some by signals coming in on the daily which,
- 12:53Speaker 3: by the way, it's close, there's some suggestions saying that
- 12:56Speaker 3: maybe a bottom could be close in the daily art
- 13:00Speaker 3: or even better yet, the weekly chart, which we have
- 13:02Speaker 3: not gotten anywhere close to yet. Until that happens, you've
- 13:06Speaker 3: got to stay a little bit hesitant. Here's the good news, though,
- 13:09Speaker 3: you see that weekly chart, smart show, this is something
- 13:11Speaker 3: we had a cell signal back here in September.
- 13:14Speaker 4: I should have I should have been smarter than I was.
- 13:17Speaker 3: I'm not even a lot of people and say, oh,
- 13:18Speaker 3: I played this perfectly. No, I thought there was a
- 13:21Speaker 3: chance we'd ignore it. Hindsight twenty twenty should have taken
- 13:23Speaker 3: a short why, because I would have told you that
- 13:26Speaker 3: smart show right here at three thousand and eighty three
- 13:29Speaker 3: was something to keep an eye on. And sure enough,
- 13:31Speaker 3: guess where we went this week right down to that level.
- 13:35Speaker 3: What I think is realistic right now is actually to
- 13:38Speaker 3: kind of stay in that range. I think it's doable
- 13:40Speaker 3: to come back down here at thirty one, thirty two hundred.
- 13:42Speaker 3: I think it's doable to come back down there three thousand.
- 13:44Speaker 3: I think twenty six hundred. You got to look at
- 13:46Speaker 3: the order block down there and say, hey, that's a possibility.
- 13:49Speaker 3: But to me, I would tell people, do not be
- 13:51Speaker 3: surprised to make at least another visit as bitcoin go
- 13:55Speaker 3: sub one hundred k, if it goes seven hundred K
- 13:57Speaker 3: to back down here closer to three thousand, if not
- 14:00Speaker 3: a slight wig down below. Now after that happens, once
- 14:03Speaker 3: all these by signals come back in, now we can
- 14:06Speaker 3: start to talk about where's the next potential move after
- 14:09Speaker 3: a new all time high. Right short term, you could
- 14:11Speaker 3: just easily say, all right, look at the liquidations and
- 14:13Speaker 3: let's look at pockets at forty two hundred and forty
- 14:16Speaker 3: nine almost five thousand, that we'll see a lot of
- 14:20Speaker 3: whales gobble up. But if you're going to predict a
- 14:23Speaker 3: bullet structure, I think one of the best things you
- 14:25Speaker 3: can do is just say, let's take a look at
- 14:27Speaker 3: Fibonacci retrace or extension right here, and let's pretend we're
- 14:31Speaker 3: close to the bottom. Is somewhere here on three thousand dollars.
- 14:33Speaker 3: I would have my eyes squared eyes positioned in two
- 14:36Speaker 3: different places. Number One, conservatively, after we hit new all
- 14:40Speaker 3: time highs fifty six hundred, almost fifty seven hundred dollars,
- 14:43Speaker 3: this is the one point twenty seven to two range
- 14:45Speaker 3: for Fibonacci extension. The next one up here, this would
- 14:49Speaker 3: be kind of where Tom Lee is getting his almost
- 14:51Speaker 3: seven thousand dollars prediction right there. Golden pocket extension is
- 14:55Speaker 3: coming in at sixty eight hundred, So that's where I'm looking.
- 14:58Speaker 3: After I'm buying these low level I'm looking at those
- 15:00Speaker 3: and say, hey, I could see this being a great
- 15:03Speaker 3: spot to take profit because the markets start to get
- 15:06Speaker 3: over bought again. But does that happen by December thirty
- 15:10Speaker 3: first of twenty twenty five. I'm not guaranteeing that whatsoever.
- 15:14Speaker 3: Does it happen sometimes Q one? Yes, I think sometimes
- 15:17Speaker 3: in Q one it should happen, But I'm hesitant to
- 15:19Speaker 3: say that, because again, what if they just put all
- 15:22Speaker 3: the things down the line?
- 15:23Speaker 1: Yeah, well, it's in the macro environment. Is what you're
- 15:27Speaker 1: referring to is just the continued, you know, delays that
- 15:30Speaker 1: we've seen obviously, the Clarity Act, the government shut down,
- 15:34Speaker 1: what we'll see maybe coming out of the FED in December,
- 15:36Speaker 1: all this playing into it. Now you've got tariffs on
- 15:38Speaker 1: the line with Trump, which could get things a little crazy.
- 15:41Speaker 1: And then let's not forget guys, once we go into
- 15:43Speaker 1: twenty twenty six, the political scene is going to heat
- 15:47Speaker 1: up in a big way, which will cause a little
- 15:49Speaker 1: bit of turmoil, maybe not too much, but a little
- 15:51Speaker 1: bit of turmoil. But I do like your analysis is
- 15:54Speaker 1: to extend these out into longer thinking, which is really
- 15:57Speaker 1: I think your channel and our channel both go that
- 16:00Speaker 1: direction of we're not a day trade channel. We're here
- 16:03Speaker 1: to give you macro look forward. This is an investment
- 16:06Speaker 1: class now treated like that, and look at long term
- 16:09Speaker 1: holding and positioning, and you know there's going to be
- 16:13Speaker 1: one of the losses. You know that you're going to
- 16:15Speaker 1: deal with.
- 16:16Speaker 4: I'll tell you this because we do a lot of trading.
- 16:18Speaker 3: Again, like I think I said early in the video,
- 16:19Speaker 3: my long term portfolio is down right now, but my
- 16:22Speaker 3: training portfolios up. But what we're watching unfold right now
- 16:25Speaker 3: is turning me. I will continue to talk macro, I
- 16:28Speaker 3: will continue to talk long, big term picture. But I've
- 16:30Speaker 3: told my community now, like hey, from here and out,
- 16:33Speaker 3: I'm not ignoring weekly sell signals on almost any asset.
- 16:36Speaker 3: I'm not ignoring weekly buy singles. I'm going to become
- 16:40Speaker 3: pretty you know, swing trading, day trading focus. We're going
- 16:43Speaker 3: to be aggressive taking profits here and out where that's
- 16:46Speaker 3: what institutions do.
- 16:47Speaker 2: Yeah, where are we're buying eth? Yeah? Where are we
- 16:49Speaker 2: going to buy eth? Then you're thinking I'm going right.
- 16:52Speaker 3: There, just just north of three thousand. Now I bought
- 16:55Speaker 3: some there as already, I would buy more. I have
- 16:58Speaker 3: a buyo to right now at thirty one hundred. Just
- 17:00Speaker 3: because I never like to pick the exact bottom. I
- 17:02Speaker 3: like safety, I have another bioer and a theory right
- 17:04Speaker 3: now at thirty one. Part of me hopes it doesn't
- 17:06Speaker 3: get triggered. I would I would love for us to
- 17:08Speaker 3: rip to the upside right now. I'm just not convinced
- 17:11Speaker 3: it's happening yet, so I'm making some preparations just in case.
- 17:15Speaker 1: Let's talk about Solana, because obviously they got a break
- 17:18Speaker 1: point coming up here in December. Usually December becomes a
- 17:23Speaker 1: big draw point for a lot of projects, a lot
- 17:25Speaker 1: of announcements. What happens when you look at Solana where
- 17:28Speaker 1: it is right now, because it has really pulled off
- 17:31Speaker 1: of its two hundred dollars mark over the last couple
- 17:34Speaker 1: of weeks. Where do you think Solana is heading from here?
- 17:37Speaker 3: Let's start off with some other news. And you probably
- 17:39Speaker 3: have mentioned this on your show, because again you cover
- 17:41Speaker 3: all this stuff in depth, but I haven't got to talk.
- 17:43Speaker 4: With you about it.
- 17:45Speaker 3: That Solana etf inflows last couple of days. Well, we
- 17:48Speaker 3: just put this out over our ex Bitcoin's been outflows
- 17:51Speaker 3: a theory and been outflowed. But I can't remember the
- 17:53Speaker 3: exact number of days because it's actually my business partner posted.
- 17:55Speaker 3: But how many days in a row has Solana ETF's
- 17:58Speaker 3: been positive. The the price isn't necessarily, you know, skyrocking back up,
- 18:02Speaker 3: but there's a there's a sleeping major bullish move coming
- 18:07Speaker 3: for Solana with these ETF inflows. I'm curious when it happens.
- 18:11Speaker 3: But as far as what the charts are saying, you know,
- 18:16Speaker 3: there is a little bit of volume coming in on
- 18:17Speaker 3: this bottom position right here. Again, there's there's kind of
- 18:20Speaker 3: this stuff where I'm telling my community, we definitely have
- 18:23Speaker 3: hope the bottom is in. We're not guaranteeing the bottoms in.
- 18:25Speaker 3: I'm not even gonna give you a fifty to fifty
- 18:27Speaker 3: the bottom is in. I would probably say I'm sixty
- 18:29Speaker 3: percent leaning towards the bottom is not in. Forty percent
- 18:32Speaker 3: it is in. But you will start to see we
- 18:35Speaker 3: haven't gotten a bisgnal yet on the daily chart, but
- 18:36Speaker 3: we look kind of close. We do look kind of close.
- 18:39Speaker 3: We've hit the major targets we have from cell signals
- 18:42Speaker 3: that we had weeks ago, right so, we had this
- 18:44Speaker 3: cell signal right here in October, we had this cell
- 18:47Speaker 3: scenal back in here. We've hit all these ones. I
- 18:49Speaker 3: think even the weekly chart here for Solana, we make
- 18:51Speaker 3: sure this loads and tells me correctly.
- 18:53Speaker 4: But no, a little bit lower.
- 18:54Speaker 3: Okay, So the weekly chart on Solona does suggest one
- 18:57Speaker 3: forty one. It is something to keep an eye on
- 19:00Speaker 3: if we do. If we do make it one more
- 19:02Speaker 3: move to downside. Let's keep looking here at some other
- 19:05Speaker 3: things that I see of interest. So that's the hope
- 19:08Speaker 3: we have for Solana. This is something that we prepared
- 19:11Speaker 3: our community for. We took profit. This is one of
- 19:13Speaker 3: the few coins I actually did take profit all even
- 19:15Speaker 3: even though we didn't have weekly selles signals. Yet I
- 19:17Speaker 3: took profit up here because of this formation on Solana.
- 19:21Speaker 3: Doesn't mean I think long term is.
- 19:22Speaker 4: Not going to make it.
- 19:23Speaker 3: I just saw this rising trend and I said, hey,
- 19:26Speaker 3: there's a chance that this ends up kind of pulling
- 19:28Speaker 3: back on us. And while we have been pulling back nicely,
- 19:32Speaker 3: the truth is this says that we could go as
- 19:35Speaker 3: low as one twenty seven. So I'll tell you this,
- 19:39Speaker 3: while I don't think necessarily the bottom is in, Do
- 19:41Speaker 3: I think there's a sixty percent chance of hitting one
- 19:43Speaker 3: twenty seven? Not necessarily a lot of times these formations
- 19:45Speaker 3: don't fully play out.
- 19:46Speaker 4: But when I look at.
- 19:47Speaker 3: Things like the weekly cell signal, and I look at
- 19:51Speaker 3: that weekly target when I look at things like Fibonacci
- 19:53Speaker 3: or tracement from this period and know that golden pocket
- 19:58Speaker 3: moves are not ridiculous. We've already hit the point five,
- 20:01Speaker 3: which again is part of the hope here. But golden
- 20:04Speaker 3: Pocket move here one thirty eight ish right below one
- 20:07Speaker 3: forty one on that target, that to me just seems
- 20:10Speaker 3: especially knowing that bitcoin probably needs one more laid down
- 20:13Speaker 3: as well into the mid nineties.
- 20:15Speaker 4: At least, that.
- 20:17Speaker 3: Tells me I'm a Salona buying zone. One five is
- 20:20Speaker 3: just to make sure you're in. But could it go
- 20:22Speaker 3: as low as one twenty seven? There's order blocks and
- 20:24Speaker 3: a target from the rising channel there that suggests that's doable.
- 20:30Speaker 1: Yeah, we saw some of the liquidation events that kind
- 20:32Speaker 1: of mirrored that because so there were some opportunities here.
- 20:36Speaker 1: I think to your point is the fact that we're
- 20:38Speaker 1: seeing so much action out of b soul and not
- 20:42Speaker 1: seeing it really reflect on the charts.
- 20:44Speaker 2: The difference though, is there's a lot.
- 20:46Speaker 1: Of bitcoin ETFs that are out there generating inflow. There's
- 20:49Speaker 1: a lot of ETFs out there generating inflow. We haven't
- 20:52Speaker 1: seen a multitude of Solana ETFs only a handful, so
- 20:56Speaker 1: that in itself. One thing that I am watching is
- 20:59Speaker 1: the multitude of XRP ETFs that are looming. And we've
- 21:03Speaker 1: got Bitwise and Canary on an absolute race right now,
- 21:08Speaker 1: which looks like they are going to launch next week. Yeah,
- 21:12Speaker 1: we're gonna see possibly two, maybe three ETFs coming live
- 21:16Speaker 1: for XRP, all at the same time. What are your
- 21:19Speaker 1: thoughts on XARP?
- 21:20Speaker 2: What does this do?
- 21:21Speaker 1: After all this bullish news coming out of swell Brad
- 21:24Speaker 1: Garlinghouse kind of putting a steak in the ground saying
- 21:27Speaker 1: Ledger is here an XRP is the center of everything.
- 21:31Speaker 2: What do you think?
- 21:33Speaker 3: I'm still bullish and XRP it is not one of
- 21:35Speaker 3: the coins though I'm adding to on this dip. I'm
- 21:37Speaker 3: gonna keep my current bag of it, but I'm not
- 21:40Speaker 3: gonna add to it like I'm gonna add Etherorium, and
- 21:41Speaker 3: I'm gonna add Salon, and I'm gonna add SHANELEYK and
- 21:44Speaker 3: Avax and onto in a couple others there. But XRP
- 21:48Speaker 3: is not what I'm necessarily going to be adding to.
- 21:49Speaker 3: I have a good amount of it already here. Here's
- 21:52Speaker 3: I think the ets could coincide and be bullish. But
- 21:55Speaker 3: let's be very clear, ETFs themselves are not automatic bullish situations.
- 22:02Speaker 3: There are another avenue to acquire said asset. But as
- 22:07Speaker 3: we know, Bitcoin's ETF launch massively bullish. What about ethereum?
- 22:11Speaker 3: Ethereum spent how many months after the ETF trending downward? Now, Solana,
- 22:16Speaker 3: it seems to be semi good. I mean, actually the
- 22:18Speaker 3: priceless long is not doing well. We are seeing inflows.
- 22:20Speaker 3: Xrp's bullishness will not come from ETS being launched. So
- 22:23Speaker 3: anyone who's saying, oh at ETS launched next week, this
- 22:25Speaker 3: has to be super bullish. No, it doesn't have to
- 22:28Speaker 3: be super bullish. What will be bullish is do people
- 22:31Speaker 3: want to buy XRP. Do they have the fundamentals in
- 22:35Speaker 3: place that are exciting people to go back in? Do
- 22:37Speaker 3: the charts suggest it's over sold and once again ready
- 22:39Speaker 3: for a rally. That's gonna be the biggest indication the
- 22:42Speaker 3: XRP is ready. And what I'm looking at right now
- 22:45Speaker 3: is a chart similar to others when it comes to XARP,
- 22:48Speaker 3: and we'll kind of go over here and take a look.
- 22:51Speaker 3: I think this is one that hope is there. We've
- 22:53Speaker 3: hit some targets to the downside. I don't think you
- 22:55Speaker 3: have too too much terribly down lower to go when
- 22:59Speaker 3: it comes with XP. But they did lose some momentum
- 23:03Speaker 3: with the recent chain Link announcements of all their relationships
- 23:06Speaker 3: with banks. What was it the the that's the bit what?
- 23:10Speaker 3: Speaking of Solana, the deal with Western Union that had
- 23:14Speaker 3: been working and evaluating and thinking through XRP for a
- 23:18Speaker 3: long time and then last second says no, we're gonna
- 23:20Speaker 3: build our stuff on Solana. That didn't sit well for
- 23:23Speaker 3: XRP enthusiasts. There was a big question mark as to
- 23:25Speaker 3: why that is. But right now I think XRP can
- 23:28Speaker 3: still remain bullish and we're seeing some hopeful bottom positions.
- 23:32Speaker 3: But don't think the ets themselves or what's gonna pump.
- 23:35Speaker 3: It'll pump because people want to buy because they believe
- 23:37Speaker 3: in it long term, not just ETFs.
- 23:40Speaker 1: Yeah, wait and see, we'll we'll find out in the
- 23:43Speaker 1: first thirty days and we'll know if XRP is up.
- 23:46Speaker 1: If you're looking at the four hour it's just bounced
- 23:48Speaker 1: pretty significantly.
- 23:49Speaker 2: Why is that?
- 23:50Speaker 4: I think what's going on?
- 23:51Speaker 3: I mean, everything in the last four hours has bounced
- 23:53Speaker 3: significantly yeah, yeah, and that kind of right there even
- 23:56Speaker 3: backs up my point. Like x raper now is up
- 23:58Speaker 3: five percent, you have unis up, towel t percent, onto
- 24:00Speaker 3: the fifteen percent, Al goes up seventeen percent, Injective twenty
- 24:05Speaker 3: one percent, top ten, don't I'm not a doot fan.
- 24:09Speaker 3: Dot's up twenty four percent right now.
- 24:12Speaker 4: That kind of backs up.
- 24:13Speaker 3: My point though, is that I'm not saying that XRP
- 24:15Speaker 3: is going to crash necessarily. I think the ETFs are
- 24:19Speaker 3: not going to be the deciding factor of what XRP
- 24:21Speaker 3: price does. If the markets decide to pull back in crypto,
- 24:25Speaker 3: I think XRP joins them despite an ETF launching. If
- 24:29Speaker 3: the markets decide no, it's crypto is exciting, let's go
- 24:31Speaker 3: and pump. I think XRP will pump. The charts aren't
- 24:34Speaker 3: a good spot for that, So that's kind of where
- 24:36Speaker 3: I'm sitting.
- 24:37Speaker 1: Let's talk about Avalanche transactions. On Avalanche all once sur
- 24:40Speaker 1: past eight billion this year, things just absolutely on fire.
- 24:45Speaker 1: But at the same we also have permanent capital vehicle
- 24:48Speaker 1: in terms of the ecosystem. AVAT now can deploy capital
- 24:51Speaker 1: directly into projects, So this is going to build sustainability
- 24:55Speaker 1: long term. So there are some big advantages here that
- 24:58Speaker 1: are happening with with Avalanche, Treasury companies. What do you
- 25:03Speaker 1: think about Avalanche now, because it has not been acting
- 25:06Speaker 1: well on the charts, and we've seen it, of course
- 25:09Speaker 1: come back down considerably.
- 25:11Speaker 2: What about now?
- 25:12Speaker 3: There aren't a lot of cryptocurrencies performing well on the charts.
- 25:15Speaker 3: Here's I'll make the argument that I actually think avax
- 25:18Speaker 3: is performing quite well on the charts, all things considered.
- 25:22Speaker 3: When you go back here to Low's we had in
- 25:24Speaker 3: June and then April of this year, it's pretty much
- 25:28Speaker 3: in line with that.
- 25:28Speaker 5: Right.
- 25:29Speaker 3: This is the Binance chart, so not every chart's gonna
- 25:31Speaker 3: have this Bindance had a wick all the way down
- 25:32Speaker 3: to eight dollars and ninety cents. But of course that's
- 25:34Speaker 3: old news as to why that is. Don't pay attention
- 25:36Speaker 3: to that wick. Pay attention to where it's found support.
- 25:39Speaker 3: I mean, let's just look at some of the other
- 25:40Speaker 3: constituents here, Solana back down here below levels from August.
- 25:45Speaker 3: I guess you can make the argument so a lot
- 25:46Speaker 3: of actually had a good one. So that's a bad example.
- 25:48Speaker 3: Shamelink has had some bad news there. XRP has come
- 25:52Speaker 3: back down below I feel like Avax is held up
- 25:55Speaker 3: kind of well here all things considered, Yes, it's down
- 25:59Speaker 3: what is this percentage? Yes, it's down fifty seven percent.
- 26:04Speaker 3: So that's where I guess people are gonna really be
- 26:06Speaker 3: upset with it.
- 26:06Speaker 1: It's just I love for you to for you to
- 26:09Speaker 1: just say, yes, it's down fifty seven percent.
- 26:11Speaker 4: Yeah, you know, it's funny.
- 26:13Speaker 3: I had I was having that cop let me go
- 26:14Speaker 3: off this screen for sent I was having that conversation
- 26:16Speaker 3: with my brother earlier this morning where I was saying, like,
- 26:20Speaker 3: it is kind of funny how in the stock world,
- 26:22Speaker 3: like you say, down fifty seven percent, that people are
- 26:25Speaker 3: pulling their hair out and they're they're distraught. Yeah, in crypto,
- 26:29Speaker 3: it's like, oh, rolling down fifty seven percent, that's kind
- 26:31Speaker 3: of cool.
- 26:33Speaker 4: Yeah, just cool.
- 26:34Speaker 3: The fact that we're holding that support that we've seen,
- 26:38Speaker 3: I think that's a good I think that's a good
- 26:40Speaker 3: thing overall for Avax for where it is. It's holding
- 26:43Speaker 3: that longer term support here as well. I see this
- 26:46Speaker 3: still being fundamentally extremely strong project. I guess I want
- 26:50Speaker 3: to make sure I'm clear here. I'm not saying that
- 26:52Speaker 3: this chart is great. What I'm saying is I think
- 26:56Speaker 3: anyone's gonna tell you this is absolutely horrible, I would
- 26:59Speaker 3: tell you no. I think it can came back down
- 27:00Speaker 3: to retest some support levels. That has a backup theory
- 27:04Speaker 3: that Wales love to bring things back so they can
- 27:07Speaker 3: buy cheap. This is one I'll be honest with you, Paul.
- 27:09Speaker 3: I don't think we go too much lower. If we
- 27:11Speaker 3: go any lower, thirteen thirty as about as low as
- 27:13Speaker 3: I see AVAX going. I think with this momentum is
- 27:15Speaker 3: going to keep this support strong and held. I'm still
- 27:19Speaker 3: bullsh on this long term. Yeah, we fell short in
- 27:22Speaker 3: breaking out a major breakout. We could have gotten back
- 27:24Speaker 3: up of forty dollars here and really started to make
- 27:26Speaker 3: things interesting. But with this being one of the few
- 27:29Speaker 3: coins that now has treasury companies coming in with it,
- 27:32Speaker 3: it's development on both the AI space the real world
- 27:35Speaker 3: asset space, being a layer one solution for all that
- 27:38Speaker 3: as well. I still am a big believer in AVAX.
- 27:40Speaker 3: It's one of the coins. Like I said, I'm not
- 27:42Speaker 3: going to be buying every single coin in my portfolio
- 27:45Speaker 3: to add to it. At these low levels, Avax is
- 27:47Speaker 3: one of the ones I'm looking at right now.
- 27:49Speaker 1: If you look at the bitcoin volatility, because that makes
- 27:52Speaker 1: you think, well, is there an all coin season brewing?
- 27:55Speaker 1: You know that's volatility right there? Guys are dominance right
- 27:58Speaker 1: now coming off what was a high right there at
- 28:01Speaker 1: what sixty one point three? Holding it now under sixty.
- 28:04Speaker 1: You mentioned this at the top of the show. What
- 28:07Speaker 1: does this mean to you, Tim?
- 28:10Speaker 3: It's a good sign. It's a good sign for all
- 28:12Speaker 3: coin holders. I put a tweet out this morning that said, listen, bitcoin,
- 28:15Speaker 3: this is when bitcoin was blow one hundred k. So
- 28:17Speaker 3: this is funny. This morning bitcoin goes blow one hundred k.
- 28:19Speaker 3: Now it's sitting at one hundred and two six hundred.
- 28:22Speaker 3: But this morning, when I put this tweet out, I said, okay,
- 28:25Speaker 3: bitcoin blow one hundred k. However, gold is still blow
- 28:29Speaker 3: four thousand. Gold is above four thousand right now if
- 28:31Speaker 3: we're speaking, But it was blow four thousand this morning.
- 28:33Speaker 3: USDT dominance is showing some topping out signals, meaning we're
- 28:38Speaker 3: not officially getting cells, but we're hitting resistance. We're seeing
- 28:42Speaker 3: overbought prices on several time frames. And then you watch
- 28:46Speaker 3: Bitcoin dominance, which this morning when I put the tweet out,
- 28:49Speaker 3: it was only down to sixty point three. Now we're
- 28:52Speaker 3: looking at fifty nine point seven on Bitcoin dominance, there
- 28:57Speaker 3: is a support level we could be bouncing off of.
- 28:59Speaker 3: I can show my chart here in a second, and
- 29:00Speaker 3: I'm going to evaluate this because actually I haven't evaluated
- 29:03Speaker 3: where we would be at this point just yet. But
- 29:06Speaker 3: there was a trend that we were in for a
- 29:07Speaker 3: long time. October tenth messed it up, and then here
- 29:10Speaker 3: the other day we shot up, and I thought, Okay,
- 29:12Speaker 3: here we go. This could get really gross, really fast
- 29:15Speaker 3: for all coins. We've eliminated all of those gains of
- 29:18Speaker 3: bitcoin dominance. We're sitting down here back to support. I'm curious.
- 29:22Speaker 3: I mean, that's a good sign right here on the
- 29:24Speaker 3: daily chart. That is not something that's screaming at me.
- 29:26Speaker 3: We're about to bottom out. That looks like something that
- 29:29Speaker 3: wants to keep ongoing. If I look at the weekly chart, now,
- 29:32Speaker 3: the weekly chart hasn't turned on us yet, but you
- 29:35Speaker 3: do see a slowing down on the RSI. You see
- 29:37Speaker 3: it slowing down and rounding over again. You see it
- 29:40Speaker 3: a little bit on this indicator that we have here.
- 29:42Speaker 3: But we're not over sold just yet. As we are
- 29:46Speaker 3: approaching support, so I don't want to say anything too fast.
- 29:51Speaker 3: And then people get their hopes up and things are bad.
- 29:54Speaker 3: But we've had some fake outs to the upside, we've
- 29:56Speaker 3: not had a figure out to the downside. I'd be curious,
- 30:00Speaker 3: very curious to see what would happen if we can
- 30:04Speaker 3: close a couple four hour candles. Heck, let's get a
- 30:06Speaker 3: couple daily candles to open and close below this green
- 30:10Speaker 3: trend line. I'm very curious what that means. Some people
- 30:14Speaker 3: will know we're in a downtrend on bitcoin dominance. I
- 30:17Speaker 3: still believe that all coin seasons are gonna be different
- 30:20Speaker 3: than they've been in the past, but similar in the
- 30:22Speaker 3: sense that all coins will outpace Bitcoin, but would be
- 30:26Speaker 3: very interesting as well. I've never seen a prolonged period
- 30:30Speaker 3: of time, Paul. I don't know about you. You might
- 30:31Speaker 3: be have been in crypto longer than I have. I've
- 30:34Speaker 3: never seen a prolonged period of time with bitcoin dominance
- 30:36Speaker 3: is collapsing, but the markets aren't going up right. Bitcoin
- 30:40Speaker 3: could collapse, but I've never seen bitcoin dominance collapse and
- 30:43Speaker 3: all coins also be falling. Well, I've said a lot
- 30:46Speaker 3: in the show. I'll give it, I'll goot caveot here.
- 30:48Speaker 3: I've said a lot on the show that I think
- 30:49Speaker 3: all coins could drop lower, and I'm not saying they
- 30:51Speaker 3: won't if we lose that green support level. I just
- 30:54Speaker 3: show you if we drop closer towards let's give you
- 30:57Speaker 3: a number fifty nine five and below, there's a small
- 31:02Speaker 3: chance that maybe Bitcoin's bottom still isn't end, but maybe
- 31:05Speaker 3: all coin bottom is confirmed.
- 31:07Speaker 4: With the gundames plumbing like that.
- 31:09Speaker 1: Well, and you've got almost everything in the chart. I
- 31:11Speaker 1: was just looking at near protocol, which was just to
- 31:13Speaker 1: show one of the high flyers, which is setting it
- 31:16Speaker 1: dots at twenty four. Like you mentioned, hear was over
- 31:19Speaker 1: thirty percent. I mean, that's the near chart right there,
- 31:22Speaker 1: thirty percent up waking up to almost three dollars here.
- 31:25Speaker 1: So you know, I look at it this way, is
- 31:28Speaker 1: that there's been so much suppression on the crypto markets
- 31:32Speaker 1: over the last sixty to ninety days because of what's
- 31:35Speaker 1: happening with the government shutdown, obviously, what's going on with
- 31:38Speaker 1: the FED, what we're seeing in the tariff translation into inflation,
- 31:43Speaker 1: the jobs numbers, which prior to actually getting data was
- 31:46Speaker 1: already spiraling out of control, and I think we're now
- 31:49Speaker 1: starting to see that play out in some of the
- 31:52Speaker 1: retail markets. The restaurant industry is getting torched on this
- 31:55Speaker 1: because of that. So I think maybe you're right. We
- 32:00Speaker 1: could be nearing the bottom is in. I think Matt
- 32:02Speaker 1: Hogan said this the other day he thought the bottom
- 32:04Speaker 1: was very close.
- 32:05Speaker 2: Maybe Tom Lee is right.
- 32:06Speaker 3: I think the bottom is either in or close. I'm
- 32:09Speaker 3: still leaning towards it close instead of in, but I'll
- 32:14Speaker 3: when out there watching, I hope I'm wrong.
- 32:16Speaker 1: Well, let's talk about Sweet real quick. Sweet consensus and
- 32:20Speaker 1: their engine leveled up. Basically, they've been an upgrade. So
- 32:23Speaker 1: this is a new integrated validation and it's up the
- 32:27Speaker 1: lower latency thirty five percent. So this is good for
- 32:29Speaker 1: the Sweet ecosystem in general. If you look at Sweet
- 32:33Speaker 1: right now, this has been one of those tokens also
- 32:36Speaker 1: has taken it on the channel a little bit. Where
- 32:38Speaker 1: is Swee today? And how do you feel about this one?
- 32:43Speaker 4: Yeah?
- 32:43Speaker 3: Sweet obviously, just like everything else, is getting a nice
- 32:46Speaker 3: little bounce here. This was one of the coins I
- 32:48Speaker 3: was thinking of, like these coins that have been downtrending
- 32:50Speaker 3: for the last couple of months on like Avax, which
- 32:51Speaker 3: is more sideways. Five minute chart looks glorious, right, This
- 32:54Speaker 3: is just a beautiful looking bullish chart. It's when you
- 32:59Speaker 3: zoom out again. I was just in the daily chart.
- 33:01Speaker 3: It's not anything to rejoice about just yet though, right
- 33:04Speaker 3: we just plunge so heavily since the end of October.
- 33:08Speaker 3: This is more like a rebound bounce right now. Good news, though,
- 33:12Speaker 3: very good news as you're getting this type of move.
- 33:15Speaker 3: We don't have positive money flow on the daily chart
- 33:17Speaker 3: just yet from the oscillator, but we do have a
- 33:19Speaker 3: plethora of reversals, and today this has got to close
- 33:23Speaker 3: this way. But a green dot coming in is a
- 33:26Speaker 3: very good sign. I'm curious. Let me transition here. This
- 33:30Speaker 3: is where it gets interesting. The twelve hour. It does
- 33:32Speaker 3: look like the twelve hour that money flows going bullish.
- 33:36Speaker 3: We have a twelve hour bisgnal on our hands. What
- 33:39Speaker 3: that could mean to its full fruition. Now, sometimes in
- 33:41Speaker 3: a down trend, the bi signals don't hit their biggest target.
- 33:44Speaker 3: But that would give me at least a move back
- 33:46Speaker 3: up here towards two thirty three, this quarter block around
- 33:49Speaker 3: two thirty nine. If we can transition this into a
- 33:52Speaker 3: full blown daily we're talking about two sixty two. Here's
- 33:56Speaker 3: the problem. When you zoom out, two sixty two is
- 33:59Speaker 3: still not breaking the long term structure. This is one
- 34:03Speaker 3: that again we were in a falling channel. This should
- 34:06Speaker 3: have been bullish.
- 34:06Speaker 4: To the upside. We lost it.
- 34:08Speaker 3: We were tested the former resistance as sorry, former support
- 34:11Speaker 3: as resistance right here on October twelfth. I gotta get
- 34:15Speaker 3: back up here above this greenland. I gotta break that
- 34:17Speaker 3: green line of trending resistance now and make a move
- 34:20Speaker 3: to the upside to feel confident. So, while I think
- 34:23Speaker 3: there's some trading opportunities still ahead of us to move
- 34:26Speaker 3: to the upside, I'm just still gonna be cautious and
- 34:30Speaker 3: saying the bottom is in because the best buy singles
- 34:33Speaker 3: right now still have very limited upside targets.
- 34:37Speaker 2: Yeah.
- 34:37Speaker 1: Well, listen, guys, we're going to be tracking this very
- 34:40Speaker 1: closely because obviously the government shutdown is on the verge
- 34:44Speaker 1: of some at least some news as we move into
- 34:47Speaker 1: the weekend. I think the key here will be next
- 34:50Speaker 1: week for obvious reasons. The real thing I think that
- 34:54Speaker 1: is going to play into this obviously also is going
- 34:56Speaker 1: to be Clarity Act, which I think will be absolutely huge.
- 34:58Speaker 2: For the market.
- 35:00Speaker 1: So there's still a lot of very good catalysts going
- 35:02Speaker 1: forward here. Tim, Yeah, thanks for coming in today.
- 35:05Speaker 2: Man. We appreciate it absolutely.
- 35:08Speaker 4: Thanks for having me, Paul.
- 35:09Speaker 2: You bet all right.
- 35:09Speaker 1: You guys know what to do. Make sure enjoin the
- 35:11Speaker 1: Diamond Circle. It's our own ultimate group which you can
- 35:15Speaker 1: join for free and we always leave a link down below.
- 35:18Speaker 1: Hit me out there on ex apt Paul Baron. We'll
- 35:20Speaker 1: catch you next time right here on the Paul Baron Show.
- 35:22Speaker 2: Take care,