Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Ethereum is on a hunt for leading out the next rally. Today,
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(00:41):
And right now as the market is moving like it
is perfect time to do some of those things. Let's
go over and of course I want to bring in
Tim Warren. You guys know him from the Tim Warren
Trades channel. If you guys aren't subscribe, jump over to
Tim's channel right there. Brewing in on sixty thousand plus subscribers,
fifteen hundred videos. Cracking out there, Tim, So fantastic job
(01:03):
you're doing there, man, unbelievable, unbelievable work. Keep it up.
Let's get into a few things right here. Hello, we
have something that has just shown up on the eighth
chain and that is called for soaka. It is now
securely scaling. So we have another win for Ethereum. Two
major upgrades one year. What do you make of this?
Speaker 2 (01:26):
I mean, it's a great thing. Fundamentally, we continue as
analysts to kind of talk about this. The charts. You
guys know, I'm a chart guy. The charts are not
necessarily telling the full story of what's going on in crypto.
If you're just a chart guy, you think this whole
year has sucked all the way around. Fundamentally, it's so
hard to be bearissed right now. If you don't look
at charts and you just pay attention to news, you're thinking,
(01:49):
I gotta buy all this crypto. I can Hopefully that
changes the charts here soon.
Speaker 1 (01:54):
Yeah, we got Matt Hogan talking about it. Theorium delivering
two major upgrades one year, very impressive shipping, fast proving throughput.
Ux is coming up. We've got all sorts of value
capture coming into the ecosystem. If you look at the
ETH chart, because we're starting to make a move here
right now, let's take a look at the eight bitcoin
(02:14):
give me that trade analysis. What do you think we
should be looking at going on with eth?
Speaker 2 (02:19):
Yeah, well we'll start there. We'll start with ETH over bitcoin, which,
of course here is starting to make a little push again.
You know, we had ways to go before getting back
up to the highs we had earlier this year at
point zero four to three or so. But it's really good.
You don't want to over you don't want to over
talk about this move right here, breaking above a level
of resistance that we had back here on November tenth,
(02:41):
is the highest we've been since back here on November third,
so over a month ago. At this point, there's a
little bit of volatility coming in today, but it does
look right now like ethereum is starting to steal some
movements back from Bitcoin. You can see on our oscillator
that we like to use, a bullish divergence has been
in play. We have a bullish signal in play. Things
are trending to the upside, and because of that you're
(03:04):
continuing to watch this chart right here Bitcoin dominance. Yes,
it had a little bit of a rally here last
couple of days, but overall continuing a downward trend, which
kind of says, right now, all coins look like they
want to start making some moves over bitcoin, and I
think Bitcoin still has a little bit to go up here,
So could all coins have a really big special day
(03:24):
over the next little bit. Let's take a look at
the ethereum price action it self. I've been telling my audience, Paul,
keep an eye right now. We have the daily bicycle
that came in. We looked at that misdirection move we
bought in right here. I'm keeping my eyes right now
on two different levels of resistance and along that we're
trading the first one a big order block coming in
here right along with a former support level of downward
(03:46):
trending support. That's gonna be a level to watch just
above thirty three hundred Watch thirty three hundred b at
least a temporary level of resistance if we break through
when I think we will, let's say bitcoin goes up
to like one oh three, and I'm sure we'll talk
that later in the video. The next order block and
next level of resistance. I keep an eye on is
sitting just south of thirty nine hundred dollars. Those two
(04:08):
levels of resistance should be pretty key. I guarantee there's
already some cell signals there. The question is going to
be do the bulls hesitate and then push through or
do you see a small retlacement right here, maybe a
higher low put in then we make our way towards
the higher level. That's the question at this point. But
right now, you look at a lot of daily charts,
you look at a lot of volume. Things are bullish
(04:31):
in the short term right now, Does that mean the
bottom is in? I'm not ready to confess that yet.
I'm not ready to guarantee the bottom is in just yet.
I think it's close. I think it could be in.
But I'm enjoying longing right now because there are some
big moves coming still in the next couple of weeks.
Speaker 1 (04:47):
This would be well, it's going to be very important
in terms of this rejection if we do get that
rejection off that you know, that range of around thirty eight.
But if we hit what do you think the pop
probability is right now for it possibly coming back down
into the three k zone. This was f Yeah, he
was kind of k yeah around the three k zone.
Speaker 2 (05:10):
Yeah. So now you're gonna get into maybe a little
bit shorter timeframe than even what I was talking about.
To see this uh X account right here, this tweet
right here, I think there's a short term zone we
could go three thousand. What I would say is when
I just said as that I'm not quite certain the
bottoms in just yet, there is a very real chance
that we could see crypto give one more good manipulated
(05:33):
swing to the downside to shake out retail investors. I
don't think it goes a whole lot lower if we
do that. Again, the keyword there is if. But I
anyone who's sitting here saying when the bottoms, I din't.
I don't think twenty five hundred is off the table
for a three in the short term. Here's what I'll
show you on the short term, because I was kind
of more talking about the next couple of weeks. If
(05:54):
you want to talk about the next day or two
right now. The four hour chart didn't mean to draw
right there. The four hour chart did hit its own
level of resistance right here, So you had order block
that came in right here at thirty two thirty two.
And if you look at the oscillators right now. I
always love to take these as short term short positions,
so this would be a scout position right here. Red
reversals will come in. There's a grade dot, and you
(06:16):
can see the money flow right there is curving over.
So you have the three things that I look for
to enter shorts. This is only a four hour chart,
right so I'm not necessarily looking at this and saying, man,
we're going to get destroyed. To the downside. This tells
me an area to keep an eye on in the
next let's say forty eight hours. Because it's the four
hour chart. Three thousand is the nice order block right there,
(06:38):
a nice higher low from where we just were. We
could and I'm not guaranteeing we get this low, we
could make a move back to that level, get a bounce,
and then make our way up there towards that thirty
three hundred I talked about earlier.
Speaker 1 (06:50):
All Right, I want to go to a clip because
this will break down what could be happening. Because there's
a couple of analysts out there that are kind of
pushing to some potential rally scenarios. Let me play this
for you, then get your opinion. Take a look.
Speaker 3 (07:05):
This is an lf rally right now on the way
to a Santa Claus type of rally.
Speaker 1 (07:10):
Why is that the case?
Speaker 3 (07:11):
Obviously tailwinds coming in the first quarter of next year.
Really between February and April, you might see some good
tax refunds, fiscal bill relief. On the consumer side, consumers
already resilient, boomers are spending. They're the biggest growth area,
masking over some weakness in some other areas. But then
you get the actual corporate tax relief as well. Tax
(07:32):
is probably not the right word, but in short, in
terms of fiscal bill relief, get a couple of tailwinds.
Capeck still moving forward. But the critical point is is
when have we seen the federal reserve cut rates into
a growing momentum economy. It's been a long time. We
know why. But at the end of the day, the
third mandate, which is price stability. Arguably speaking, asset price
(07:54):
stability is alive and well, and that gives us a
very good comfort level for twenty six being a proud
mike versus a stampeding bull.
Speaker 1 (08:04):
All right, So proud buwl versus stampeding I'm assuming that
they're talking about the S and P. Obviously we might
get a stampeding bull maybe in twenty twenty six and
instead of the proud bull that we kind of had
this year, if you depending on where you bought. But
what do you think about that? Do you think twenty
six is still on the table in terms of a
positive year for crypto?
Speaker 2 (08:24):
I am bullish long term. I'm bullsh in twenty twenty six,
but you heard me say earlier, I'm not convinced yet
that the bottom is in, right. I love the rilly
we've had over the last couple of days. I think
it's very good. However, when you go back and you
look at things like in twenty twenty two, even go
back and look at twenty nineteen when we had quantitative
tightening ending with rates being cut, that didn't guarantee the
(08:46):
bottom of bitcoin and crypto was in. Why, Because manipulation
is still a part of the game. These large individuals
that are coming into space. We're seeing headlines of fidelity,
We're seeing headlines of Goldman Sachs and Black raw Can
others talking about glowingly how much they love cryptocurrency right now,
and they're telling people to go get in on it.
(09:06):
I think the bottom's close, but I always I don't
know what you, Paul. I always have this slight tinge
when I hear these large banking industries get so bullish
with their opinions. To me that almost screams, you got
to trick up your sleeve. You're tell a story. And
that's what's keeping me from saying the bottom is in
right now. The charts look good, the news looks good,
(09:28):
but to me, it's almost too good, and it kind
of says, maybe the bottom needs one more good swing
before we're ready to bottom out.
Speaker 1 (09:35):
I like the thesis on it. You know, again, this
goes back to just all the positive things that are
going on in the market. Biggest tax boom since the Internet,
ongoing fed Rake cuts. You know, we're dealing with trem
Trump's impending new chair announcements, which we already know seven
or a billion, you know, in terms of innovation around Capex.
This is all flowing into the AI side of things,
(09:56):
which I still think plays into crypto in general. The
most market conscious US president ever, I would agree with that.
And then now you've got two plus trillion and annual
deficit spending. That's the problem I think that we have
to look at. We are in a position right now
where to your point is, there's a lot of good news,
there's a lot of good direction, but execution is really
(10:21):
the tail of the tape. We need regulation in January,
which is going to be coming through the Market Structure
Bill and the Clarity Act, so that changes things.
Speaker 2 (10:30):
The question at the end, what is the bear case?
The bear case is all of these large institutions have
a lot of money and a lot of power and
a lot of control. Swing the price one more time,
get rid of the retail investors so they can get
that really cheap asset because they know it's going to
be bullish in twenty way six, they're more patient in retail.
It's not an issue of barecase, meaning full blown bear market.
(10:51):
It's a bare case saying if you think that they can't,
you are already wrong. They actually can and when they
can now to start, the question starts to be asked,
why wouldn't they? And that's where I kind of run
into a problem, saying bottom is in, So.
Speaker 1 (11:05):
What do you make of this? Right here? Bitcoin moving
and it's moving out of micro Strategy and onto Fidelity.
That's a billion dollars there, Tim, look at all those transactions.
Speaker 2 (11:17):
Yeah, you totally about this right before went live. So
I need to do more digging and looking into some
of the details that could go on here, because that
could mean a plethora of things. I don't really want
to jump the gun and say overwhelming it. That's really
good or oh, that's really bad. What are they doing?
What are they partnering with Fidelity? They're not moving it
to an exchange to liquidate it. Why are they moving
(11:38):
a billion dollars a bitcoin to Fidelity? Again, there's a
there's a plethora of reasons and things that could happen
with that. So I'm not going to overreact to it
just yet. Maybe someone in chat is an expert on
it and they'll let us know in the comments.
Speaker 1 (11:50):
Yeah, let me know in the comments what you guys
think is happening here. But in the meantime, let's take
a look at micro Strategy because it has been on
the fence of continued depletion as a stock. Yeah, is
this maybe a reversal for micro Strategy if you look
at the chart.
Speaker 2 (12:06):
Yeah, Well, so with one of things that we thought
was very interesting. They're, you know, obviously gonna be very
tied to bitcoin. They're gonna be a leverage play on bitcoin.
So if bitcoin's doing well, micro strategy is probably doing well,
and a bitcoin's doing bad is doing very bad as well.
It's had a nice little couple of days here. Moving
back to the upside, one of the biggest things with
this big day that they bottomed out was the news
that they're going to start holding I think as a
(12:28):
I can't remember these that number of billions, but they're
gonna start holding a little bit of dollars like they're
gonna have a dollar reserve. So that maybe instilled a
little bit of confidence there. Let's not look at this
chart and try to rejoice but anything just yet. Right,
this is not a very good looking chart, but it
is one that has by signals kind of flooding in
here on longer term timeframes. It is one that yes,
we dipped a little bit below it, but we knew
(12:50):
even back up here we told our audience this zone,
this zone of formal resistance would be very interesting here
around one pint eighty, we of course whipped all the
way down to one fifty six. May that was more
of an overreaction. But we're working kind of recapturing and
taking this zone back on micro strategy overall, some zones
of resistance. I'm keeping an eye on, you know, because
we did you know, I actually don't myself own micro strategy,
(13:13):
but we talk with our team. Some members of our
team do go stocks route. We told them, hey, longing
this and looking at short term two sixteen, maybe a
longer term if bitcoin can make its way back up
to one oh three, give or take two forty seven,
could be very interesting where that order block is sitting.
But again everything is showing on the chart right now.
Look at that mac D. Just how low it is
(13:34):
we've I was gonna say, I want to make sure
we've never been that low on the MACD. Very very
over sold, extremely oversold. So what what does this do?
Guess what you talk about manipulation all the time, JP
Morgan and all their friends short short. They're allegedly short.
I guess that's we aren't sure they did it. They
talk negatively about it, they dump it, they arguably have
shorted it. But then you look at this massive oversould signal,
(13:58):
the amount of fear that was coming out in story
is not a single retail investor, and there will be
some that are brave. Not majority of retail investors want
to touch this with temperate pole. We're worried now micro
Strategy could go bankrupt. I think there was a lot
of big wealth funds that purchased in right in this area.
Why here you look at these charts and there scream, screaming,
(14:18):
screaming over sold. I'm not saying MicroStrategy is gonna hit
a new all time high next month. I'm saying the
opportunity for a massive rebound. The harder you fall, the
higher you bounce. Micro Strategy fell very, very hard, and
all right, well look at me.
Speaker 1 (14:33):
So to your point, I think you're hitting on something
because Matt Hogan did a whole blog post on this
and his statement was no virgin. You know, obviously we
know the theme here, but Strategy is not going to sell.
It's bitcoin. The big case that he's getting into is
whether or not it's going to get removed from the MSCI,
and then, of course will it be forced, you know,
to sell just because of the NAVE and what that
(14:54):
plays out into the fact that they're holding dollars. Remember,
they're starting to generate a lot of different assets and
and instruments to drive even more value into dividends coming
in from I think it was strike that they were
paying almost ten percent on dividends monthly. Yeah, so that
in itself needs a generation of income to be able
to hold up to that. But he did a good job.
(15:15):
I think breaking this down around whether or not it's
going to get removed still up in the air. That
could put a little pressure on it, but it could
be back to the point that you were talking about,
and that is, if bitcoin does well, micro strategy is
going to typically go up, and it may be one
of those stocks that you just buy when the narrative
like Coinbase, like a robinhood, when certain narratives play out.
(15:38):
And one of the things that could help I think
all of these is, of course, what's going on with
Clarity into hopefully in January when we see a true
Clarity act roll into it. I want to play a
clip for you because this goes back to that point
right there of whether or not we got another bull
run in terms of a reset.
Speaker 4 (15:57):
Take a look at this as the four year is
now definitively likely over what's going to happen is the
emergence of a new two year cycle or a two
to three year cycle, and that two to three year
cycle will be based on exactly what you said, institutional
behavior on profit taking. It's not just where the bitcoin
price is that matters, but how seasoned that holding period
(16:19):
has been for that particular investor over a period of time.
Meaning if bitcoin doesn't move at all in the first year,
then the bogie to earn thirty percent over a two
year period means now Bitcoin has to go up more
than sixty percent in the next year for the investment
to have been worthwhile. So now there's a path dependency
that's happening, not just depending on the price, but the
(16:39):
holding period. And this calculus is actually what drives a
lot of fund manager's behavior. If you think about the
classic pattern of year end as an important data point
and why we have a Santa claus rally in January,
it's because those are fund manager behaviors. The narrow definition
of QEU was just expansion of the fed's balance sheet,
(16:59):
but now people have become more targeted about QUI meaning
something a little bit more than just that. And so yeah,
I think qt ending alongside having the standard repo facility
in place is a totally new regime, and that means
you're basically muting the possibility of there ever being like
a like a financial crisis. You're muting price discovery and
(17:21):
liquidity discovery. It is essentially now the lender of continuous resort,
like something will break differently and they will have to
break I think much more astronomically, and in that sense,
it doesn't surprise me that the equity market will continue
to go up.
Speaker 2 (17:40):
But I love what we said there Paul, because he
talked about it. He's going to keep going up. It'll
still be higher highs and higher loads. Go look at
the gold chart, Go look at the S and P
five hundred, Go look at the stock market. Even their
bear markets, they might have prolonged periods of time where
the price is not hearing new all time high, but
it doesn't pull back very far. We are going to
see a lot more time periods of small Bitcoin pullbacks
(18:02):
followed by decent but not like we expected before bull runs.
Even the alt coin space, I think the days of
one year seeing an alt coin go from ten billion
to three hundred billion dollars in market cap like we
saw in twenty twenty one and twenty seventeen, stuff like that.
That's not going to happen again.
Speaker 1 (18:18):
Yeah, for sure, I want to flip over to Solana
because we're going to get Salana in here, so we
will also touch on chain link a little bit. Uh.
Anthony Scaramucci says that Solana could be one of the
biggest winners out there. Let me play this clip for
you and then we're going to chart it for everybody.
Take a look.
Speaker 5 (18:33):
You'll be able to put a smart contract or a
security formerly known as security and tokenize it, and you'll
be able to use the rail system of the blockchain.
I think Solana will be one of the big winners.
It's not to say that the others are not also
going to win. I believe they can go habita with
each other. And the analogy I would use for people
at home is a little bit like the cloud. When
we started using cloud computing about twenty years ago, people
(18:55):
were reluctant to use it, and then they understood there
was great safety and anonymity in the story, and then
it proliferated and you have many cloud vendors. And I
think that's going to be the case in this world
of tokenization, but this particular token has very unique properties.
It's very cheap to use, it's incredibly fast of a set.
Speaker 1 (19:14):
All right, So he's over there just Solana bulling it
up right. Yeah, Remember he has a fund on Avalanche.
We had him on the show just the other day
that we're talking and it was in reference to what
was happening in the Avax ecosystem. And yet he's out
there continuing to kind of promote I won't say promote,
but just really get behind Salon. What do you make
(19:36):
of the chart right now on Solana? Is this a
good place to buy or not?
Speaker 2 (19:41):
It is a better place the other day, but when
you look at more macro perspectives, yeah, it's a good
place to buy. And I'll give a big reason why
you right now are down from all time highs and Solana,
you are still down fifty one percent, right, so there
are people that bought way up there. You're in a
much better spot than they. This is one right here.
(20:01):
I'll focus mostly on the daily and weekly. Again, I
said earlier the four hour chart, I think a pullback
could happen. Could we get a pullback back down towards
one thirty eight ish? Or maybe a little lower. I'm
not looking at the support at the moment. We could,
but in the macro perspective, the daily bisingals day came in.
You know, I told our group the other day in
our lungs, what we're watching right now is a swing
move back up here towards one fifty five ish two
(20:25):
one eighty three. Those two order block levels are very important.
Now a bigger detail that's coming in here. You can
see we have a w pattern kind of playing out
right now, and if we can cleanly break through. We
almost had a nice breakthrough here. We are failing on
today's daily candle, but if we can get a clean
breakthrough on that one, this right here alone could also
be a big reason that you see certain traders traded
(20:47):
up to with resistance back to this resistance level around
one seventy one, so split between those two order blocks
I just showed you. This is where things will get
more interesting, though, is when the weekly chart turns back bullish.
If you go back and look at a lot of
different coins, not just Solana, but others, weekly buy signals
on this indicator have been historically very very good. You
(21:08):
can see one right in here that came in back
in April. You can see a big one back in here,
if I can go back here, a big one that
came back in here October of twenty three. That was
a very good one that we really never had a
defined one in all of twenty twenty four. So I
can't really show you the best place in there, but
clearly you can see Solana didn't have a lot going
for it. Right now, Solana's weekly chart has been giving
(21:29):
us a lot of weekly reversals. The money flow is
still negative and it will be a lagging indicator. The
money flow will turn positive after the confirmed bottom, but
the oscillator is getting very close to giving us a
green dot of bullish momentum, and then after that the
money flow will flip again. Historically, you look at these
buy signals, they have been major rallies here for multiple
(21:49):
months at least for Solana, and you follow that with
the liquidity coming back in this. This is what leads
me still to believe I'm not telling you the bottoms in.
I'm not saying we can't have a manipulative swing low
here closer towards one hundred, but I think with that
weekly bisingal goes to think that a new all time
high at least is coming, then we're gonna probably star
talking about four hundred to five hundred range before the
(22:10):
next major resistance level according to charts. I'm bullsh on
Salon right now. It is one of the coins that
I've been focused on. I have a plied through coins
in my portfolio, but I like to focus on a
couple of time. Solana is one of about four or
five coins right now that I'm telling people, Hey, I
think something big is coming, I'd be loading up right now.
Speaker 1 (22:27):
Well, you've got breakpoint coming up here in just a
few weeks. That, of course, and itself. That's for those
of you brand new. It's basically Solana's super Bowl. There's
going to be announcements that will be partnerships, all sorts
of things. You'll probably get a little bit of run
up prior to it. Sometimes it's to sell the news
kind of thing. But that is another factor that plays
into a special round. Things like Solana Sweet is making
(22:49):
moves right here. They've got an approval right here. First
ever two x leverage suite ETFs now available live on Nasdaq.
This is coming via twenty one shares. So another big
move for four Sweet network. When you look and this
we we've kind of been back and forth on Sweet.
It's been one of the aggressive movers over the last week. Yeah,
where where are you right now? On Sweet? Do you
(23:10):
like it or you don't like it? As a trade?
Would you short this or long it right now?
Speaker 2 (23:15):
Oh? Absolutely, I'd be looking. If you were scalping, you
might have an argument for a short, But if you're
looking at a longer term movement, if you're a swing
trader saying I want to start buying and holding for
a couple of months, I would move in the direction
of longing this one with some BI singles, probably again
having one just in case, a little bit lower than
the bottoms we have here, just to be safe. I
think you smart. Here's what I'll say, though, Oh let's
(23:36):
see that actually is a little indication we probably need
a little bit of a pullback here on suite. When
you see that big, big, big, big, big volume right
there and it's a small candle, that is a sign
that people took some profit right there. But in a nutshell,
we're looking the same things with the others. That big
bisgnal came in here again, it's going to move very
similarly to bitcoin. So I'm kind of sitting here watching
(23:56):
we did. We did tell our audience we took actually
some profit here at once seventy nine. Why because that
was the top of a smart trail. But I'm telling
my audience the next levels to watch two dollars give
or take, and then somewhere in the world of two
thirty two dollars and two thirty very interesting levels. But
just like Solana, keep an eye out here. This one,
actually you can make the argument is maybe a little
(24:18):
closer to that weekly bi signal. Take a look here
last couple of times we had weekly by singals April
of twenty twenty five, go back over here July ish,
So again that was right before. I think we had
one more correction there, but we had a actually no
almost perfect time right there. We're right there in July
to August. Perfect time to buy that weekly by signal
(24:38):
is about to sneak back in here, so I would
be watching that. We look at that quorder block bix
it on right there, I'd be watching that weekly by
single And if that happens, I'm not gonna promise new
all time high because again we didn't get a new
all time high here in August, but with liquidy coming
back in, I think logic would suggest that next weekly
by signal should send us to new highs up above
(24:59):
six seven dollars in the next couple of months. Well
I stayed next six.
Speaker 1 (25:03):
Yeah, and I think there's two things that could be
happening around what I kind of consider three of the
top tiers to kind of go in unison, and that
is Solana, Avalanche and Swee.
Speaker 2 (25:16):
Yeah.
Speaker 1 (25:16):
I won't throw chain link because it's a little bit
of a different thing. We're going to talk about chain
Link in a second. But Solana Atalanche sweet because everybody's
asking those when you look at outside of ethereum, those
are the kind of usually the next conversation points that
you have. Yeah, Swie is an interesting place right now
because Salana is probably going to take the new cycle
over the next thirty days. Yes, Avalanche, timing wise, should
(25:37):
try to align somewhat with the Clarity Act, which could
happen in January or February. Swee, on the other hand,
doesn't necessarily have possibly maybe they have Wall Street play
yet or an r Toba play that hasn't been you know,
really brought to light. Because if you're on new cycles
and you're trying to, you know, soak up some of
that liquidity, you have to be winning the news cycle,
(25:58):
especially in crypto. So it's going to be something to
watch for sure between those three, So you guys keep
a close eye. We do a lot of videos on that,
so hopefully we'll get more for you. We're going to
do a clip here real quick. I want to show
you what data Dash and I were talking about in
terms of chain Link, and then I want you to
chart it for me. Let's go to that clip. The
number ten spot. You look at it, it's holding in
(26:19):
about fifteen billion terms of market cap. If you look
underneath that, hype might be close. I mean it's a
you know, closing in on twelve billion. Chain Link is
in there at almost a little over ten billion right now,
but Sweet could be in there too. Which one would
you say could take the number ten coveted spot?
Speaker 2 (26:38):
I was actually just looking at chain Link today. I
mean chain Link. If we don't see Cardono, you know,
hold through and just kind of see a coast down,
I mean I think chain they'll probably would be a
good containder just in that really close, close knit group
there all.
Speaker 1 (26:51):
Right, that was just this week he's picking chain Link
for a number ten slot coming in. What do you
do you agree or that would that would display? Did
cardonow too low?
Speaker 2 (27:01):
It needs too liar? Yeah, yeah, of course I'm kind
of joking, but I'm also seriously I think there's a
couple of coins in the top ten that I no
disrespect towards them. They just aren't chamelenk and chame Link.
It's another one that people people know that I'm very
bulldom taking.
Speaker 3 (27:16):
Kill me.
Speaker 1 (27:17):
You kill me when we get on chain Link. You
absolutely killed me time.
Speaker 2 (27:21):
It's just another one that is it's just like, just
for a second, turn off the charts, don't look at
the chart and only pay attention to news headlines and fundamentals.
How the fact that the coin isn't currently a top
ten coin is a mini miracle which is screaming at
people by before it's too late. Because here's what week
we just got out of a conversation, Paul. We were
(27:43):
talking about well Suiye and Solana and Avax, which one's
gonna do what? And then we're like, okay, what is
this coin gonna do? What is that is x RP
gonna make it. Is is the theory. Here's here's what
you need to know. It doesn't matter which of those
coins ends up winning. Chame Link is partnered and working
with all of them, all of them in wins under
any scenario. So how is that not going to be
(28:04):
a top ten coin? In fact, Paul, I'm gonna go
back to NIC.
Speaker 1 (28:07):
I meanly flips cash. Come on, I mean we're looking
at number thirteen right now. It's gonna go there. Probably
it takes over. Maybe hyper Liquid.
Speaker 2 (28:16):
We're talking top ten is gonna be top ten. I
think we should have a conversation when slash can it
go to top Five's that's where I chain lead.
Speaker 1 (28:25):
Wow, well that that starts to get into B and
B AND's Solana territory.
Speaker 2 (28:29):
Big boy money, big boy money up there.
Speaker 1 (28:32):
Yeah big you're talking to eighty billion and one hundred
and twenty top billion. Yeah, let's the big board money.
All right? Well, okay, so give me the chart. Do
I buy this thing right now? Or do I set
back and wait for the tim trigger?
Speaker 5 (28:45):
Cha?
Speaker 2 (28:45):
Right?
Speaker 5 (28:46):
Yeah?
Speaker 2 (28:46):
The chart is The chart is not great on the
macro obviously, but you do see we didn't hold it cleanly.
It scared me for a little bit. We had this
longer term support trend that had been in play since
back in August of twenty four. Temporarily we had a
couple of days even close candles below it. But you
can see we've made a nice move here. This is
one You've seen similarities on a lot of the charts.
(29:07):
I mean, crypto, they have their differences, but the charts
are pretty similar. But there's not a there's not a
lot of charts out there. I'm not gonna say none.
There's not a lot of charts out there that look
as impressive in the last couple of days as chain Link.
It's making its big move here again, this is one
daily by signal. We bought it back in here during
this correction, we bought more of the dip back here
around twelve dollars. Told my community, hey, let's look for
(29:30):
some levels to just safely take some profit. I have
my long term portfolio, I have my short term portfolio.
We took some profit here yesterday on this order block.
I still think seventeen is interesting. But here's where I'm
at now with this poll, because when I look at
like bitcoin still falling short of where I think its
first level of resistance is going to be somewhere here
around ninety seven. You look at things like ethereum, I
(29:52):
think the first level is going to be somewhere here
around Yo. Got actually encloser that one, but closer thirty
three hundred. I look at cha, excuse me, and I'm saying,
all right, we got to the first level very fast,
fast and almost any other coin. So do we actually
chain link fire through and as Bitcoin riches ninety seven
ninety eight k ethereums at thirty three thirty four hundred?
(30:14):
Do we actually see chain link at seventeen? And maybe
the bigger level to look for on lower highs is
closer towards twenty dollars for chain link. Of course, that's
all under just a daily by signal. When you move
out to the weekly, it's not here yet, but when
it comes, we're very close here when it comes. Look
at look at these levels here before when the by
signal came back in guess what April? Another one back
(30:36):
in here in September of twenty four. You have more
back in here at this is July of twenty three.
Big moves happen on these weekly by signals. We're very
very close. This is one again. Am I saying four
hundred dollars by January? No, I'm not four hundred dollars
is going to be in the next couple of years.
But can we hit I'm not saying by January? Can
(30:57):
we early Q one, early Q two be over fifty
to sixty hours on chain Link. I still think that's
absolutely doable.
Speaker 1 (31:04):
Three x on chain link Q one next year. Be
ready that if he hits this one, then we're gonna
get a home run here for Tim, Tim, this has
been a good one. Thanks so much for coming in today.
You guys know what to do. By the way, we
should probably get Sergey back on because we've had it
on a few times from chain Link to see if
there's some updates brewing, because maybe he's got something in
(31:25):
his in his pocket that could steal some of that
thunder for early next years. He's always in the mix
in DC. Do you you know that he always.
Speaker 2 (31:36):
Knows knows everybody who's everywhere, Just like his coin. He
has his hands in everyone's cookie jar. So I like it.
Speaker 1 (31:43):
I like it. Tim, Thanks for coming in today. We
appreciate it. Yeah, thanks for having me. Paul, You bet
all right. You guys know what to do. Join our
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(32:04):
the Paul Baron Show