Episode Transcript
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Speaker 1 (00:00):
Let's get in today. We're going to jump into avalanche
and a lot more, give you guys a full rundown
on the market. My name is Paul Baron, welcome back
into the show. I do want to thank our sponsored
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launch over on Coinbase. I want to bring in mister
Tim Warren coming in today from of course Tim Warren
trading over on YouTube. How are you, my man?
Speaker 2 (00:39):
I'm doing good, Paul. Good to be back on again.
And how about these markets today?
Speaker 1 (00:43):
Yeah, well we finally hit above four trillion again on
the crypto market, and it looks like we're heating up
into what could be a rate cut. And if you
look at where we are right now, bray the odds
of a fifty bases point has continued to climb. Now
we're nearing twenty percent. This is where I believe we
are going to get the rate cut as fifty basis points,
(01:06):
even though because you know, back to my point of
it should have been in July, we are where we
are and it's it's gonna happen. What's your thought? Do
you think we're gonna get the fifty?
Speaker 2 (01:15):
You know, I'm gonna put the weight on still just
twenty five, but the argument for fifty definitely is gonna
come into You know, is Jerome Powell going to try
to beat the accusations that he's been a partisan FED chairman?
I mean, last year is in worst numbers, he went
with a fifty point cut those recent numbers that came out.
That turns out the old data analyst, she just she
(01:39):
was not good at her job, Paul. She missed these
job reports massively. Bestent out here saying can we can
we get makeup cuts? Man, if we had known the
accurate numbers back in January, we would have been cutting
rates by then. That would be one hundred and fifty
basis point cut. So fifty is not unreasonable like fifty.
Actually you could make an argument fifty is not enough.
(02:00):
But at the same time, it's your own pal, it's
the FED. They don't do anything fast. I think you've
got to put your money on twenty five. But it's
not unreasonable and I won't be surprised at fifty bases
points this day, this time next week.
Speaker 1 (02:14):
Let me play a clip for you because and I
want to ask you a question. After this clip, let's
go to Mohammad al Rain who is coming in from CNBC.
Take a look these two options.
Speaker 3 (02:24):
Is that the buyers that are doing it? It is
the sellers who are paying for it. There's a sub section,
a third category that could come up part of this,
and maybe it ties back to the fact that the
jobs market is so weak. Are the makers of this
stuff eating it but making up for it by squeezing
as much productivity out as they can out of their
existing job base, not hiring new people and maybe relying
(02:47):
a little on AI to get some of that effectiveness
kind of rung out of things.
Speaker 4 (02:51):
And you're absolutely right. Does the export it as the
important as a consumer and so far the consumer is
carrying the least of the burden. I can tell you
what's going on right now in companies is they're going
product by product, going through the elasticity is what they
think the consumer can absorb in terms of price increase
without destroying demand, and they're finding out that they cannot
(03:13):
pass through as much of the price increase as they want,
and that is particularly true for those who sell to
lower income consumers.
Speaker 3 (03:22):
Consumers are saying no more, we can't take any correct.
Speaker 4 (03:24):
Consumers at the time had checks appearing in the mail,
so they were able to absorb the price shock. They
cannot absorb the price shock right now. So what we're
learning is that the final impact on the consumer is
much less than people expected. This number. Now, if the
FED is truly data dependent, the question should be why
not fifty?
Speaker 1 (03:45):
Okay, Yeah, to his point, if they are truly data dependent,
it's an easy solution of going into where we're going
in terms of at least a fifty basis point. But
back to his point there that he's getting at, and
that is the consumer not accepting what's going to happen
in terms of the economic growth. I just wonder if
they're going to stay away from the market, especially in
(04:09):
some of these retail sectors, for an extended period of time.
And what would that look like for the economy. So
do you think? Okay, So, with all of that being said,
are you still on the side of a quarter basis point?
Speaker 2 (04:23):
I mean, so, I love what's being said there. That
means that if we're going to respond to the logic
of what that man just said, it means the Fed
would have to be making logical decisions. You're running into
an argument there. That's the problem is there's been a
case for twenty five or fifty basis point cuts several
times this year already, and yet they've held off. So
(04:44):
that's why I'm sitting here saying, logically, we should be
going for fifty or more. But this is the Federal Reserve.
They're slow. They don't always apply logic. That's why I
have to stick with twenty five. But I'm hoping for
fifty or more. But I'm just predicting twenty five.
Speaker 1 (05:00):
All right, Well, you've got Jamie Diamond coming in now saying, hey,
the US economy is now weakening. So this could be
bullish because the sense of the weakening economy, this will
of course devalue the dollar. We're going to see movement
into assets. Obviously, we know what's going on within the
money market scenario. Over a seven point four trillion right
(05:20):
now in money markets. But I don't know. I'm still
on the fence as to whether or not. First of all,
I don't really believe Jamie Diamond anymore because the guy
that has been out there, these guys get a lot
of this wrong. In most cases. The one guy that
doesn't seem to get too much wrong is Tom Lee.
(05:40):
I got a clip for you. Let me play this
one for you, Tim and see what you think. Take
a look.
Speaker 5 (05:45):
But here's the reason I'm going to have a contraring view.
We think September is going to be.
Speaker 1 (05:50):
An up month.
Speaker 5 (05:53):
Because the Fed's been on hold all year and now
they're going to make their first cut in September. That's
only happened twice in the last fifty years, September nineteen
ninety eight and September twenty twenty four, and both were
good months for equities. Here is the September for both
nineteen ninety eight and twenty twenty four, and as you
can see, in both instances, the SMP was up six
(06:16):
percent in September nineteen ninety eight and two percent in
September twenty twenty four, So this counters the negative seasonality.
And as you can see here, the expected game is
three percent compared to September typically being down, and that's
because the FED is cutting in September. And this is
true two of two times.
Speaker 1 (06:36):
All right, So let's remember everyone that is watching this,
and if you're brand new to our channel, Tom Lee
is an eth bol you know, obviously a bit minor.
That's the company he's involved with. They're inn E Treasury company.
He's been a big advocate of Ethereum for quite a
while and even Bitcoin prior to that. But now he's
(06:57):
in the game, so he's got a lot to lose
if September does not go up. The real question is
do you agree with him? Do you think we'll get
an up September?
Speaker 2 (07:07):
Yeah, I actually hadn't heard. I mean, obviously we remember
last year in twenty many four, that's very recent history
that we got a rate cut and everything went up.
I didn't. I actually hadn't looked into the nineteen ninety
eight number. So that's interesting that he says we're two
for two on those September late cuts being bullish. Here ultimately,
here what we just got through in that conversation was
(07:28):
a man named Jamie Diamond, CEO of a company that
has a history of lying to their customers purposely to
make money at their customer's expenses, versus Tom Lee, who
I love how you set it up here. Nobody's one
hundred percent right all the time. Yeah, Tom Lee is
right a lot. Tom Lee's a very smart individual. I
have not found him to be one of the manipulators
(07:50):
who says one thing and does another. I think you're right.
I think he now has a lot of a lot
of money on the table. It would hurt him if
September ends up being a bad month. But I think
he's right here. I think it logically makes sense without
a massive, massive problem unemployment, and it's ticking up. I
don't want to say it's not, but it's not out
of control just yet. This is my problem, Paul, with
(08:13):
people who love to only look at like seven and
two thousand and back in the eighties, when we saw
rate cuts correspond with market crashes. They love looking at
those convenient situations where rate cuts brought crashes. What they
don't love looking at is the situations where rate cuts
were actually associated with rallies and the common denominator is
(08:34):
gonna be unemployment? Is it out of control to the
upside or is it under control? And at the moment
while it's ticking up, it's not out of control. And
historically those time periods bring rallies to the markets. And
I think we can go. I mean, I think we
get three cuts the rest of this year, more cuts
coming early in twenty wway six. I think this is
gonna be a very bullish season. I tend to agree
(08:54):
with Tom Lee, and I'll tell you listening to Jamie
Diamond my last point here that comforts me on the
bullish side hearing Jamie Diamond say we're heading for bearishness.
I've watched his track record. I know what he does.
He's a liar, and that makes me think that he
secretly is actually buying a lot right now, anticipating a boom.
Speaker 1 (09:13):
Well, and the key here is, at least Tom everybody
knows where he stands, and it's okay to talk your bag.
There's nothing wrong with that. Everybody, you're if you explain
that your bag is that, and I would agree with you.
I think his performance on especially on Wall Street, has
just been well. I mean, he's now the number one
super investor, surpassing what was previously a super investor, Kathy
(09:37):
Kathy would So, I don't know a lot going on.
We're going to get into Avalanche, but before I do that,
I got a shout out Tim's channel here. If you
guys have not subscribed to Tim, go over to Tim
Warren right here. Tim Warren trades on YouTube. You guys can,
of course see his latest thesis on this September prediction. Well,
we're going to get that coming up soon in this
show right here, but you should watch his breakdown on this. Tim,
(10:00):
let's go over to Avalanche because Avalanche, of course had
some big news that came out. Institutional money eyeing in
a little bit here. Obviously RDBA has been a big
part of Avalanche in a while. I'm going to zoom
in on that, but right now has searched near fifty
eight percent in the last few days. Some of this
we anticipate. Part of this is everybody saying, well, man,
(10:22):
did I miss the Avalanche run overall? And we're going
to go to the chart here in a second. But
if you if you're trying to maybe do a beta play,
one thing you can do is just go over and
look at some of the meme coins on Avalanche just
check out dex screen. Or this is Cokinu. You look
at where Kakinu has been over the last three dips
right here, and I've been in and out of Coknu.
(10:43):
I don't own any right now, but this is one
of those that maybe this is the bottom for a
lot of the ecosystem. Is the point I'm getting at.
Are we going to see a run now that Avalanche
is on the move? When you look at the chart
tim for Avax, do you like it still to the upside?
And how ballistic will this potentially move in the air months?
Speaker 2 (11:07):
You know? I tell people all the time I don't
like using the word perfect in the world of investing
because it's very hard to pinpoint timing things directly or
price points exactly. Every now and then, though, I do
something that I would call perfect. And yesterday's video on
our channel, if people go and watch it, I talked
about there's three at coins that I'm buying right now,
and one of them was Avax, and I'll lay out
(11:30):
you guys want to see the other two, you can
go watch that video, but I'll lay out what I
was showing people yesterday on Avax before this big rally.
We actually talked about this on your channel now a
couple of weeks ago. We've been in a long term
W pattern right here right So this movement that Avax oop,
if I can grab my marker correctly, this movement that
Avax has been in since February, has been a giant
(11:50):
W pattern. We talked about this week's ago how this
would be a major breakout, sending the price of Avax
back up here towards forty six forty seven dollars, a
distance level on a longer timeframe movement. I'll talk more
about that in a second, but what's happened more recently
is all of this action right in here post July.
And the importance about this period right in here is
(12:13):
that we keep hitting our heads again. Today we've broken
through it. But I'm talking as if we were looking
at this chart yesterday when I made my video. We
keep in our heads on the same flat level here
around the twenty six fifty mark, but we keep putting
higher lows. Imagine think about like taking a sledgehammer to
a slab of concrete. The first time you hit it,
(12:34):
maybe nothing happens. Maybe your hand's even hurt a little bit,
You pull back down, then you hit it again this time,
even if it doesn't crack yet, you're starting to weaken it.
The more and more you hit that sledgehammer into the concrete,
the more it will start to crack, and eventually that
crack will turn into a break. And that's exactly what
we saw happen this morning again, perfectly right after yesterday's
(12:57):
video came out where I told people by now before
it's too late. We woke up this morning and of
course it's now above that key resistance at twenty six
fifty twenty six to seventy that we've been under pretty
much all year in twenty twenty five. Like I said,
if you're looking at what is the next target, I'm
not saying we're hitting this by tomorrow, but we should
be seeing a pretty explosive rally over the next couple
(13:18):
of weeks, in my opinion, with a target in this
world of forty six to forty seven dollars, now you
zoom out, that's a long term trailing resistance level. Right
you go back to highs in March of twenty four
and then December of twenty four, this would just put
us in line with a descending level of resistance. But
this is what we call a falling channel. These falling
(13:38):
channels happen to usually break out to the upside, and
it's very common to look for three touches of resistance
and then a breakout. Well, if that breakout does come soon,
you know, we get rid of that one right there.
If this break up comes soon, this is going to
put us into targets I've made a while ago. It's
been about a year now that I've predicted. On the
low end, I thought the top of Avac's bull market
(13:59):
would be in the world of one hundred dollars. The
top end summer closer two hundred dollars. Right dasmack in
the middle. This formation is predicting a breakout to one
hundred and fifty dollars. Am I saying this happens before
twenty twenty six? No, I think this is a price accident.
Happens in twenty twenty six. But we're watching a smaller timeframe.
Damn break at that twenty six to fifty level. If
(14:21):
we make that jump up to forty six forty seven dollars,
I'm expecting a little bit of consolidation, maybe a month
or so we kind of decide we want to break through.
But once we do, one fifty is still a target
I'm looking for for a top on Avax in the
next year.
Speaker 1 (14:36):
Yeah, and I think one of the things to look
at with Avax is the consistency that they've continued to
kind of chip away and then I think now we
have a little bit of a market break and timing
is very critical here for Avalanche. One of the things
that is perfect timing to your point, is van k
announcing their investment in their next layer one, which is
(14:59):
going to be on Avalanche. And we've anticipated we'd see
all these investment communities start to launch our ones. This
course now happening is going to be called inversion. This
one could get very active, and of course this is
only going to drive transactions up on Avalanche, which is
going to be good for the chain in general. Back
to your point in terms of that, what would be
your your end of year number, because if you look
(15:21):
at the RWA number right now, we've seen a pretty
significant increase just in six days, up like one hundred
and fifteen percent in the last thirty So what are
you calling for by end of year.
Speaker 2 (15:35):
I mean that is the hard call. I think the
easy answer would be, let's just go with that forty
six forty seven dollars price that I had right there.
It's really going to depend on how quickly we get
to that level. What does a replacement at that level
look like? How far do we pull back? How long
do we stay back? Could we top it before the
end of December and start that climb up towards one
fifty early, Yes, we could. My anticipation though, would be
(16:00):
wouldn't be surprised. We hit that forty six dollars mark
sometime late November, who knows, maybe it takes in December.
At this point, the markets are really starting to weird
get weird timelines with things, and I think we pull
back a little bit and we start that rally again,
maybe late December, but it is January or further on
before we hit new cycle highs. But again I think
(16:21):
new all time highs coming sometimes twenty eighty six. The
question is when, in my opinion, not if.
Speaker 1 (16:25):
Okay, all right, So where if we were to get
a pullback tim do you think avalanche sees a twenty
five and below again in this current run cycle that
we're in.
Speaker 2 (16:36):
Yeah, that's a good question. It's gonna be hard, Paul,
because we got to watch what happens. Even with Bitcoin.
I think that we will see another either late twenty
twenty five or early twenty eighty six. I think we'll
see another type of pullback similar to what we saw
in January of twenty five or March of twenty four.
(16:57):
You know, Bitcoin pulled back thirty percent. I don't know
Bitcoin has to pull back thirty per and again, maybe
twenty percent is more realistic, but all coins are going
to pull back double or maybe even a little more. Right,
So with Bitcoin pulling back thirty percent, a lot of
all coins pull back sixty or seventy percent. Let's say
Bitcoin goes twenty percent. That means I think all coins,
not necessarily saying Ethereum or Solana, the higher up ones
or XRP, but some of the lower ones like Avax
(17:18):
and others. I don't think it's crazy to think of
fifty percent to sixty percent correction over a month or
two before they reignite a rally and go up again.
Is a crazy thought. And an when he thinks it's crazy,
we just watched it happen twice within the last two years,
and yet we're still in what most people still believe
is a bull market. So yeah, if forty six is
the top, a fifty percent correction breaks us down below
(17:41):
twenty five dollars. This is all things we have to
wait and see.
Speaker 1 (17:44):
Yeah, and before we go to ethereum, because we're going
to get into eth. We're also going to do some
uni swap. We'll get into pauliyaon. So you guys stick
around for all that. But I want to jump on too,
Solana for a second, because it's holding around the two
to twenty mark. It continued to get aggressive here over
the last ten days. My question is in a lot
of our research team is now pointing at a three
(18:04):
hundred dollars Salana, do you feel like that's a possibility
this year?
Speaker 5 (18:09):
Oh?
Speaker 2 (18:09):
Absolutely absolutely. I think I was on this channel where
I laid out a barish and bullish case. I like
what I'm seeing right now. On the bullish case side.
If you look at the chart here, this was a
bearish formation consolidation with both rising support and resistance levels
is what we call a rising wedge pattern. I warned
people there was a chance keyword chance here, but chance
(18:29):
we made a move all we would make a move
all the way back down towards like one point eighty. Instead,
the bullish scenario is playing out, and I'm loving it.
Even though we did have a successful short in our
community last week or a couple of weeks ago here
where we got to sell this resistance level, we're now
today breaking convincingly through this resistance. It's not over. I
want to see one candle which today wouldn't count. I
(18:52):
need to see this happen maybe tomorrow or the next day.
I want to see a daily candle open and close
above this red treadline. But all of a sudden, you
get the more bullish side of the breakout and this
short term move right if we have a volatile move
like this, that could have brought us to the downside
all of a sudden, Now we're looking at this and saying, okay,
could this actually be an explosive move up above three
(19:13):
hundred closer to three twenty five for Solana based on
the volatility of this breakout. That is something I absolutely
could see happening. In fact, I'd be very surprised if
we don't go above three hundred dollars before the end
of twenty way five. I still hold in twenty wy
six one thousand dollars prediction or maybe even a little
higher for Solana three hundred. To me, that's that's easy
(19:33):
work for Solana from Baron out.
Speaker 1 (19:35):
Yeah, that's a five x guys, so we're that's a
pretty aggressive move with a major token like Solana, which
would imagine where Ethereum is going to be if that
is the case. Speaking of Ethereum, let's talk about this.
Ethereum's taking now hitting all time high in terms of
how much eth is locked away. This is getting insane
how much people are putting away. You have the treasury
(19:57):
companies also locking eth up or earning rewar. This has
become kind of a new cycle of an ever ending
flywheel approach to gain revenue on these eth companies, which
is sustaining Eath's price around forty three. Now we've started
to see on the move again your chart right now,
what does it look like for Ethereum in the near future,
(20:19):
let's say, end.
Speaker 2 (20:19):
Of year, end of year man, Paul, that's a hard one.
Let me start with just saying what I am observing here.
I love what you're bringing up there. The fundamentals and
the bright future. Ethereum continues to be something to watch here.
What I love though this is on the daily chart.
I love this correction and slow build sideways. Right we
(20:39):
did not get all the way back down to the
daily smart show despite the fact that we had a
cell signal. We now are getting a bisignal on ethereum
with this green reversal, bullish momentum, positive money flow. This
could be a big move to the upside on the
short term. Just get to five thousand, but even higher
once we get going. But with what you just said
in that fundamental level right there, we are consolidating. Despite
(21:02):
the fact that people are not selling their ethereum. People
are buying it over the counter right now because of
big plays coming. This is a consolidated move to me
that could have massive upside potential. Let's just do this.
And I'm not even saying this is gonna be my
big case for it, but you're gonna definitely be building
what's called a bull flag pattern right now, a symmetrical
(21:23):
triangle attached to an explosive move. Here short term target,
we're looking at sixty two sixty three hundred dollars in
twenty twenty five. Is that the top fallwed by a
correction or is this just the beginning of an even
bigger run where we maybe make a move closer towards
seventy five hundred by end of year. That's gonna be
hard to say for now, but I do. I do
look at the fundamentals. Excuse me, do you look at
(21:44):
the fundamentals? And I do. Look at the chart and say, man,
Wales are keeping this a secret at the moment. I
mean this. You saw that chart. A lot of people
are gonna probably say, here, Paul, that's not exciting. I
want to look at what you know. Look at Avax's chart,
Look at XRP chart, look at these other charts that
are making bullish moves. Yeah, that's how they get you.
They make you buy, and they get you rallying. They
(22:04):
get the coin. They actually want to stay suppressed until
the time is right. And I say they, I'm talking
about the institutions, the composite. Man, they're preparing something big.
Do not be surprised if a massive explosion happens on
eth over the next month, all.
Speaker 1 (22:17):
Right, unless you get one that has been suppressed. And
I will say the one that has been suppressed is Polygon.
We've been talking about that for a while, and Polygon,
of course gets more fud out there, four percent down again,
got a network facing a nodebug, you know, more fud.
But the point being is that Polygon had been on
(22:37):
a little bit of a run. Here. Let's take a
look at Polygon, because when you think about Polygon, along
with some other elements that are happening within the ecosystem,
this could be a contender for you know, a multix gainer.
What do you think.
Speaker 2 (22:54):
It's not one in my portfolio. The case for it
going up is how far it is down and yet
it still tied to a company, you know, still tied
to poly Market, which I think is taking over the
Internet by storm. There's going to be a great site
going forward. My problem is this chart, Paul, this is
not a good chart. We lost this support back in
(23:15):
February and we've come nowhere close to back to regaining
it again. The flip side of this would be, let's
just pretend Paul doesn't even get to new all time highs,
doesn't even know. Let's just say matches the highs of
twenty twenty one. It gets back to two eighty eight
there's some pretty big gains there. Right We're talking about
a move of a ten x almost an eleven x
(23:39):
just to match former all time high. So you have
opportunity here. I just don't like the trajectory of the chart.
I don't know. I don't know if layer twos are
going to be a big play, especially what coinbase is
doing and what base, which is not even a coin
is doing. I don't know if layer twos are the
financial play. But there is opportunity, there is potential. I
(24:03):
think worst case scenario, you could look for a move
at least back up towards sixty cents, in which case
we're talking about more than two x here up there,
one hundred and fifteen percent. That's an easy trade right there,
if you guys want to look for a trade. But
that steady lower high and lower low. I mean, you
look on the macro scale scale here, Paul. Other alt
coins have had moments of higher highs and higher lows.
(24:24):
This has been a constant lower high and lower low
for Polygon. Not something that I am looking at a
long term investment. Trading from time to time is there,
But even that, I don't like this recent cell singal
on the daily chart, bearish divergence, red reversal, bearish dot
right there, negative money flow. Let me see where support's
kind of sitting here, because it's been pulling back here.
(24:45):
I just would not be surprised to see Polygon make
another move back here towards twenty four cents, back to
the daily smart trail, at least on the flip side.
On the long term stuff, I'm still you know, okay,
here's good sign, good sign here. We look like we're
in a longer term weekly by level still here. So
even with that small pullback, could we still make a
run back up to thirty eight cents to hit that
(25:07):
weekly smart show. Yes, But you start getting the long
term conversations. You start to look at, hey, is this
a good long term hold? My answers, No, I'm not
holding this long term, but there's opportunity. I'll leave it
with this because I want to leave people with hope.
If you love Paul, if you just bought it, there's hope.
Because you're so down to the gutter, there's not a
(25:27):
lot of more room to the downside. You really can
only go out sideways, all.
Speaker 1 (25:31):
Right, So let me let me jump over to optimism.
We've got a clip. This is basically Ronan, who has
been in a process of change over quite some time,
but they decided to move to optimism. This was a
big move for them. And here's some reasons why. I've
got a clip that I want to show you to take.
Speaker 6 (25:49):
A look by the op sack was selected versus any
of the other candidates out there. You have Base, you
have Uni chain, you have world chain, two hundred millisecond
block time for us, right, like maybe we could have
like kind of you know, figured out how to do
this stuff, but it's just like huge brain drain and
use of resources for us to figure out.
Speaker 7 (26:09):
Right. Ronan was actually the fourth most used chain of
twenty twenty four, so we actually, I believe, just saw
gas fees spent on Ronan right hit a new all
time high. Also felt like Ronan it's a little bit
siloed where it's like a little bit like, Okay, we're
in our own echo chamber, right, where who are we
benefiting other than ourselves?
Speaker 2 (26:28):
Right?
Speaker 7 (26:28):
Like you know, we wanted to create this alliance alliance,
so you know we're part of ethereum, right, We're like
in EVM chain. But it's kind of it was kind
of like hazy, right, So we wanted to also just
set that to rest and formally join the ecosystem. Theorium
is gaining a lot of power, right, and e theorem
is back.
Speaker 6 (26:43):
Are you guys going to be part of the super chain?
Speaker 7 (26:45):
That's I think tentatively right. The plant.
Speaker 1 (26:47):
Okay, let's look at Optimism the chart.
Speaker 2 (26:50):
It's a very similar kind of looking chart to what
we have with Pauly. Again, we're talking about another layer
two solution. Now this is different obviously because it's not
as old as Polygon. Polygon obviously existed long before. You
got a pretty good downward trajectory here since March of
twenty four right, put in a lower high they're you're
(27:12):
not seeing the same momentum kind of building as you
see on some other coins. It had a nice jump,
you got to give it. It had a nice jump from
these bottoms, but again, these are bottoms. We pretty much
went back and tested the same bottoms we had back
in twenty twenty two. I'm just not in on layer
two solutions this time around like I was in twenty
twenty one. And I think that's kind of the trap
(27:34):
they're gonna get you, is that layer twos were so vital,
so important in the twenty twenty one bull market with eth,
people are thinking they're gonna be vital again, and things
have adopted, things have changed. But with that said, I'm
gonna do the analysis here and just kind of let
people know what is going on here. You know, we
recently hear it is actually way better than Polly. You
have a more recent by signal where you had green
(27:54):
reversal and play green momentum. You have positive money flow
flowing back in there. Take a look at some resistance
levels of what we're kind of looking at for expectation
on this. With us being above the daily smart trail,
I like to pull up the price action concepts and
look for the next big order block above us that's
coming in back here at ninety cents. So does optimism
(28:15):
have some room there to the upside? Absolutely, it can
make a nice move there. Let me check out a
look at the weekly chart here and see what it's
going because again you got some longer term weekly bullish divergence,
you came back down and matched bottoms, right. So this
goes back into what I said with on the opium side,
you can't really go much lower than this and not
just die as a company. And with them making new relationships,
you got to imagine they're going to make us a
(28:36):
spike back to the upside here, we're very close, not
there yet. The macde's positive, the rsize head in the
right direction. We are on the way with rounding money
flow that we're probably to get a BUI signal in
the next couple of weeks here that would have short
term targets back up towards a dollar thirty ish would
be short term what we're looking at there. Longer term,
(28:57):
look at that red cloud. Three dollars could be in
resting Again, is this one that I think's going to
smash all time highs? I don't know if it will,
but let's just say it matches some highs we had.
Let's just say it matches April of twenty night four.
That's a pretty good little run there. That's going to
be about a six x six point two two x
or so. So is there money to be made in optimism, Yes,
(29:19):
But is optimism going to become with a top ten
coin is going to take the world by storm and
be a thirty forty to fifty X. I don't think so.
Speaker 1 (29:26):
Not on my personal remember that Optimism. If you look
Optimism and probably Goon both not listed on Robinhood. If
those both get listed on Robinhood, we may see some
pretty active trades on those two tokens out there. So
that's kind of where I'm looking at Optimism more on
(29:48):
a momentum side. Obviously we'll see this, you know, from
a strategy within the eth ecosystem. It'll be interesting also
to see what Rodin does, you know, as they start
to hop over. One other thing I want to hit
on here is robin Hood as a whole. They did
their big announcement last night, a lot of new features
that are coming out. The stock absolutely just skyrocketed again. Again,
(30:11):
if you look at the stock for robin Hood, are
you just going to kind of buy and hold on
this one or would you potentially trade on this one?
Speaker 2 (30:20):
Yeah? I mean I don't trade a lot of stocks,
so when I do buy stocks, it's for long term hold.
You know, robin Hood stock here is definitely coming up.
It's at a high. So I'm not saying this is
a great spot to be buying in on it right
this second. I'm not a fan of seeing a stock
or any asset hit a new all time high, and
(30:40):
then that's your byspot, right. I want to see a
little form of weakness even during this whole rally. You
can see Hood since back in December of twenty three,
has had these pullbacks, and these are the opportunities that
you're looking at. This is a weekly chart. You can
see the best times. It's pretty normal to come back
to the weekly smart trail or even a little bit
lower that one's coming year closer towards seventy eight seventy
(31:02):
nine dollars. So I would love to see a correction
on robin Hood before I buy it. With that said, though,
why is Robinhood doing so well? Fundamentally, There's only so
much you can pull from a chart that's sitting in
an all time high. Some people will remember robin Hood
got really bad taste in people's mouth. Yeah, back in
early twenty twenty one with all of the game stop stuff,
(31:22):
crypto people hated it. Then they kind of bowed to
the sec When Gary Gensler was on his war path,
Robin Hood said, okay, fine, we'll get rid of a
lot of these lower alt coins that maybe might be
a risk of being security. So crypto people kind of said, hey,
I don't want to touch Robinhood. I'm sticking with the
coin bases, the buyinances, the crack and so on and
(31:43):
so forth. It's a new world out there. The amount
of people that will be investing in crypto that do
not know this argument of decentralized versus centralized. They don't
understand the importance of that. They've been in the trad
fire world. They're used to buying stocks, but they're listening
to tokenization. They're listening to how a mazing and how
much money you can make in the crypto realm. They're
going to utilize Robbinhood. They're not jumping to coinbase, They're
(32:05):
not going to go to binancer, krack, and they're going
to jump with what they know. I think the massive
bull market is filled with trad fight traders who wake
up and say, all right, I'm gonna start trading crypto.
They're used to robin Hood, They're using robin Hood. Robin
Hood's kind of making a big bridge there between the
trad fire world and the crypto world. I'm not saying
they're in a top coinbase or anything as the number
one crypto exchange, but they're gonna be up there, Robin
(32:26):
Hood's gonna do very well. So look for weakness in
the stock. Look for a small pullback. That's what the
whales do, buy the weakness because this stock has a
long way to the upside.
Speaker 1 (32:35):
All right, let's hit up UNISWAP uniswap. Of course, sonium
users now have made up a third of uniswap users
in the past week. We've been talking about sonium over
the last few months and what this is going to
mean coming out of Japan. Of course, UNI swaps starting
to see some benefits from this. When you look at
uniswap right now, which has been doing well on the charts,
(32:57):
how well do you think uni swap can do by
year end on this one?
Speaker 2 (33:03):
Yeah, good question here. I haven't done analysis like Union
stuff like that. In a little bit. We did have
a nice pullback here and got our by spot the
other day here, we had a nice zone of support
in this realm of nine to twenty, so we were
able to get in the other day or last week
over on that one. Longer term though, let's let's just
take a look at a couple of things going on.
We'll look at daily and weekly. That should tell us
(33:24):
end of month, end of year expectation. Just like a
lot of the rest in crypto space, bullish BY signals
coming in. We got the mac D about to cross
bullish for the first time. You could make an argument
for a couple to places. I'm gonna go back till August.
August of twenty five, that was the last time we
had a bullish cross. It wasn't even that big of
a deal. This one's gonna be a lot more, in
my opinion, like the July bullish cross, which was big.
(33:46):
I go all the way back over here to yeah,
over there our side. Let's get it back over fifty.
But on the Luxe Augo chart, green reversal, bullshementum, positive
money flow next couple of weeks. What does this imply
for me? This would imply I think a move back
up here towards this equilibrium. We're looking at twelve dollars
target on the short term next couple of weeks. Here
(34:06):
weekly chart, let's go take a look out here.
Speaker 1 (34:09):
There.
Speaker 2 (34:09):
Technically isn't a full blown BY signal, but with us
still having some moves to the upside, the short term
target would be the middle of this one, around thirteen.
So it's not that much higher than the daily but
I like to take a look at the higher side
of the weekly chart for a lot of my week
a year end goals are going to be in this world,
and I'm looking up here towards twenty dollars. Not quite there.
(34:29):
We're looking at like nineteen sixty, give or take. But
I could see UNISWAP coming back up to these highs
we had in December of twenty four, by end of
year back up to nineteen fifty, and then you know,
twenty twenty six, with this being one of the coins
mentioned by the government in recent reports, I do think
all time highs come for UNISWAP. We just have to
wait till twenty twenty six to get those.
Speaker 1 (34:49):
Yeah for sure. All right, Tim, I'm going to put
a challenge against you. The challenge is this, we are
looking at chain Link and Swee head to head here
on interest over time and what you've got here. Of course,
chain Link has been very strong, but just over the
last little bit we has been kind of holding its
(35:12):
own in terms of interest. Which are you buying today?
I have nothing invested in the market, but these are
the two tokens I'm going to go in and put
ten k into where do I drop the ten k?
Speaker 2 (35:26):
Yeah, you've done this to me a couple times, and
anyone who's watched this knows I've been a fan of saying, well,
which one has the smaller market cap? I'm going to
lean that direction in this case that belongs to sweet.
Here's the issue, Sweeze. It's twelve point eight billion at
the moment. Chane Link is only just blow sixteen billions.
So we're not talking about this massive discrepancy there. Chain
Link's higher, but it's pretty close. I'm gonna go chain
(35:49):
Link here. I'm gonna go with the hotter pick. You
guys know, anyone who's seen me before, chain Link has
been my darling. Now for about two years I have
been ringing the chain Link bell, telling people this to
change the world. I think people are starting to get
on board with that. People are starting to wake up
and understand, Holy cow, Chanelink has the massive potential. It
is going to be involved in every single movement when Web,
(36:13):
when the world of Web two comes into blockchain comes
into Web three, chain Link is going to be there
playing a part of it. I still think there's a
coin that's a top six to top five pick by
the end of the bowl market. When it comes to Suey,
I love Suey. I am a big holder of Suey,
but it's another layer one solution, and I think it's
very interesting. It's gonna have a lot of partnership, it's
(36:34):
got a lot of stuff going on, but it's got
to compete with the likes of Ethereum and uh Solana
and Cardono and Avax. And at the end of the day,
we're looking at Chanelink, the king of its division in
the oracles and real world asset space, versus Suey, who
has to pick up some crumbs from time to time
(36:54):
from the big boys who like to pick on or
like to go with Ethereum or Solana. I think Suey
is a fringe top ten coin. I just think Shaneleak
is a top fringe top five coin. And I think
there's more money to be made with a Chainleak investment
today than Suey. Come back to me here in a
couple of months after Chainleaks exploded, maybe I'm going with
Suey if it's lagged behind. But for right now, the
(37:16):
market caps are pretty equal, but the potential for chain
Link in my opinion, is still more than double the
potential that Sueiye has anytime, anytime in the near future,
I'm picking chain Leak.
Speaker 4 (37:28):
Well.
Speaker 1 (37:28):
The good thing is, Tim, we get a chance to
get you on the show. You don't hold any punches,
You let them all fly, and that's the good thing.
I mean, that's what people like. You know, a trader
that doesn't waffle, you know, that stays with their conviction
on where they're trading, and that's good for many of you.
And that's what I think a lot of people are
trying to get because everybody has different convictions, you know,
(37:49):
what they think is going to do. Whether you're in stocks,
or you're in gold and silver, or you're in crypto.
Everybody has their convictions. Those who kind of stick with
it and hauddle out usually are the ones that benefit
from it. So anyway, thanks again for coming in today.
We appreciate it absolutely.
Speaker 2 (38:04):
Thanks for having me, Paul, You.
Speaker 1 (38:06):
Bet all right, we'll catch you so, hey, you guys,
make sure and jump over into the Diamond Circle. This
is our own private group and it's absolutely free to join.
You can just visit Paul Baron Network. The link is
down below and we do a lot in terms of
dropping additional research and my own thesis on where the
market is going each week, so check that out and
of course follow me on x at Paul Baron. We'll
(38:26):
catch you next time right here on the Paul Baron Show.
Speaker 7 (38:29):
Thank you.