Episode Transcript
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Speaker 1 (00:00):
Did the FED just reignite the rally. Today we're going
to break it all down with you, and of course
we're gonna have some trading with Tim. You guys are
gonna love it. Let's just get started. I do want
to thank our sponsor, that's Coinbase. If you haven't started
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a business, there's.
Speaker 2 (00:20):
A few days to get it set up.
Speaker 1 (00:21):
As an individual you can be trading almost immediately and
of course get into a lot of the activity that
is happening in the crypto space right now. Guys, we
are setting up for a big run and we're going
to tell you all about that today. Joining me, of course,
is mister Tim Warren coming in from Tim Warren Trades
over on YouTube check us channel out right here, you
(00:42):
guys can get it in there. I've got a ten
thousand dollars portfolio that you're featuring here still and then
this new four days ago, the ten thousand to buy now.
So interesting times right now as we start to lean
in a couple of points I want to lead off
with here, Tim is this right here, shorts got a
(01:03):
little or i should say a never short a dull
market because that equals getting rex. So now another one
hundred and fifty mil there in terms of crypto liquidation.
So this is crazy these times right now of how
the market is playing out with gold, we'll talk about gold,
but Bitcoin especially starting to come off mostly because of
the FED news. If you look at eleanor Terrat she
(01:25):
reported this of course as Governor Waller talking about them
announcing a central bank proposal which is a new skinny
master account. This is a big deal because this starts
to benefit a lot of these pseudo banks that could
come into this. This includes Custodia, Crack and Ripple Anchorage,
all of which have applied this year. You also have
(01:46):
chain Link as an oracle that could benefit from this.
So all of this happening very bullish for bitcoin. And
then Bitcoin starts its move with this right here, and
that is a liquidation of six point three percent. And
as we were talking pre show, April fifteenth, twenty thirteen,
(02:08):
was the last time we saw gold take this big
a dumb actually it was like nine percent on that day.
So what does this mean to bitcoin right now?
Speaker 2 (02:16):
Tim? If you look at the.
Speaker 3 (02:17):
Charts, yeah, I mean, what's undeniable? If you go back
and look at the trajectory of what bitcoin and gold do.
People love to talk about historical precedents, You don't have
to go that far. Just look at how we've been
performing this bull market so far. Every single time that
gold is running, bitcoin is either falling or trading sideways.
And every single time that bitcoin is running, gold is
(02:39):
falling or trading sideways. So when you look at those charts,
and I'm sure we're gonna look at them here on
the show, gold was dramatically crazy over bought. Today, I'm
getting a cell signal on the daily chart for gold,
as We're probably a day or two away from getting
a bi signal on bitcoin. But it looks like we're
already watching big, big, big bearsh candle on gold, right,
(03:00):
big bullishcandle on bitcoin. Does that mean the bottom's in?
We'll have to wait and see. I can't confirm that
just yet, but this is a very damning piece of
evidence to suggest the answer probably.
Speaker 2 (03:12):
Is yes, do you okay?
Speaker 1 (03:14):
So, with gold as where it is right now, this
is a six point three drop as we're recording this today,
is this is this the end of gold's run? Do
you think we retrace that back down below four k,
which is where some analysts have kind of pointed to,
and then hold at that position with everything that's happening
globally because you've got China trying to rebase on gold,
(03:37):
You've got the EU threatening that they are looking at
alternative assets, the only other Tier one asset being gold
outside the dollar.
Speaker 2 (03:46):
Do you think this is it for the for the
gold bugs.
Speaker 4 (03:49):
No, I don't think so.
Speaker 3 (03:51):
But I would also say, like even during the last
couple of weeks and last month and two, I wouldn't
say it was the end for bitcoin either. As gold
took off since August and bitcoins pretty much been falling
since August. That doesn't mean bitcoin's dead and gone. It
means it was time for bitcoin to correct and it
was time for gold to take off. We're about to
shift back into a moment where it's time for bitcoin
to take off and it's time for gold to rest.
(04:12):
I do think we will probably see gold drop below
four thousand dollars an ounce, But does that mean we're
go see a massive crash and the top is in
for the whole bull market. I am, by no means
in a position to predict that the case. I think
this is a time for gold to consolidate, maybe have
a healthy correction. I know that sounds like oxymoronic statement
(04:33):
to call it a healthy correction, but anyone who knows
charts and knows markets knows higher highs and higher lows
are part of the game. Gold has just had a
massive run to set a higher high. It's time for
a higher low. That means price needs to correct, it
needs to consolidate. People are gonna roll some profits from
gold into other things. They're gonna make some money, and
then they're gonna come right back in a couple of
months and buy some gold, probably on sale or cheaper
(04:56):
than where they sold it.
Speaker 2 (04:58):
This is crazy too.
Speaker 1 (04:59):
I'm looking at that candle right now as we lead out,
still holding about five percent wicking now, that's right at
five points almost five point six percent right now. But
if you look at this, this is one of those
assets that really in comparison of this versus bitcoin. Let's
look at your bitcoin chart, because I'm kind of curious,
as you and I were talking about a possible one
(05:21):
hundred k sweep that could happen here.
Speaker 2 (05:23):
Before this run is over. Show me what you're talking about.
Speaker 4 (05:28):
Yeah, so we'll start here.
Speaker 3 (05:29):
I'm on the four hour chart at first, so clearly
very good looking four hour chart. You can see here.
I was actually told in my audience we had a
four hour Celston last night. I have a a Paul,
I haven't gotten to show you this yet. I have a
new indicator actually we're building within our community.
Speaker 4 (05:42):
Love it.
Speaker 3 (05:42):
It pinpoint my strategy perfectly. But you can see when
you look at this new osclator, we clearly had those
reversal dots coming in. We had the great dot, we
had negative money flow. Look at how we hit on
this indicator coming right down here towards the bottom of
my smart trail. Now we're getting a bounce, mostly because
one of the biggest Now we're going accelerating very fast here.
But this morning got a nice little by signal from
(06:05):
this one hour chart. So really cool stuff.
Speaker 4 (06:06):
Here.
Speaker 3 (06:07):
Here's the reason though, that I think you have to
be aware and potentially worried about one thousand dollars one
hundred thousand dollars mark for bitcoin. It has to do
with coming way out towards the weekly chart. You can
see here weekly chart back in August, it gave us
a cell signal, we had bearish divergence, which is our
reversal indicator. Instead of being a triangular dot. We got
(06:29):
barish divergence. We had gray momentum, we had negative money flow.
It doesn't have to the word isn't have to, but
it's very rare to not get down at least close
to this smart trail. You can see the last couple
of times has happened. We're talking about back in March
April of twenty twenty five, after we had a cell
signal in January. We're talking about when we hit it
back here in August of twenty twenty four, after geting
(06:51):
a cell signal back here in April, and then the
other time before that cell signal back in here in
July of twenty three, we hit that smart trail down
there as well. So we're tracking this and this camp
between one hundred thousand and ninety eight thousand right now
is a zone that I just can't rule out of
this time. There's a lot of signs on smaller timeframes.
The bottom could be in news wise, it suggesting that
(07:13):
the gold chart suggesting it. But I was telling you
before the show, you and I have been around this
game long enough. We've seen this song and dance where
you get this moment of positivity and you start to
get some hope, only to turn over once again. And
that's something that we're gonna need to watch here. And
the reason why is because even though we broke some
structure right, I had this red trending line of resistance
(07:35):
that we stayed beneath with so many touches.
Speaker 4 (07:37):
We broke it right. So that's a good sign.
Speaker 3 (07:40):
But when you look at it structurally, we have a
higher high up here in October sixth where we broke
above one hundred and twenty five hundred and twenty six
thousand dollars. Then we had a little pop up here
after that October tenth crash, we got back up to
one hundred and sixteen thousand. We set a lower low.
Well guess what, right now, even after all this rally
on bitcoin, we're still below one hundred and fourteen thousand.
(08:02):
We haven't gotten back up above one hundred and sixteen thousand.
We're technically still setting what's called a lower high and
lower low, or in other words, a bear trend, and
what I want to see is I want to see
Bitcoin break above. Let's get some added volume. Mean, the
whales are confirming the by Let's get a higher high
and I'll feel a lot better about this dump on
(08:23):
the seventeenth being the bottom of this move.
Speaker 4 (08:26):
One reason to be a little optimistic.
Speaker 3 (08:27):
Though you talked about how we're liquidating shorts right now,
we haven't even gotten to the big stuff yet.
Speaker 4 (08:33):
Liquidation wise, yes.
Speaker 3 (08:34):
There was a little bit right in this range, but
the big stuff is happening. Guess where up here towards
that high around one hundred and sixteen to five. Can
we keep the snowball rolling? Can we make that push?
Can we take out those liquidations? We probably have some
form of a pullback, but a higher low comes in.
I feel a lot better after that chunk is taken
out about a potential move towards new highs. But again,
(08:56):
we haven't done it yet. And as long as this
weekly chart is not giving me a buy signal just yet,
this weekly chart here, you can see there's nothing in
here telling me we're time to buying the weekly Until
I see that, I'm a little skeptical. Good news though
this is what I'm looking at here. Good news is
on the daily chart if it loads for us. We
do have the reversals in play, We have the bullet divergence,
(09:18):
We do have the green dot that money flow you
can see is turning over. We could be a day
or two away from that money flow saying, you know what,
now we're positive and all of a sudden, we're flowing
back to the upside. That could be the momentum. We
need to confirm it, but I'm gonna wait a couple
days before I say it with my chest at the
bottom is in for certain good sign though we talked
about how gold and bitcoin trade kind of almost inversely.
(09:40):
We are getting a cell signal on the daily chart,
red reversal, gray dot, negative money flow coming on the
daily job daily chart here for gold. So it's one
of those things.
Speaker 4 (09:51):
Are you a risk taker?
Speaker 3 (09:52):
Risk takers have already bought all of their bitcoin, and
they've already sent to themselves the bottoms in. I'm good
to go, and they might be right if you're waiting
for confirmation. We don't have it quite yet, but we're
extremely close.
Speaker 2 (10:04):
Yeah.
Speaker 1 (10:04):
Well, and you've got a couple other things happening right now.
Black Rock drawing and a little bit of the whale action.
And there's a couple of reasons why bitcoin holders now
shifting funds into ETFs. This is coming from the July
rule change that we saw for tax free inkinme bitcoin transfers.
Speaker 2 (10:19):
So again, three billion so far.
Speaker 1 (10:21):
If you look at the moves right now, that's the
weekly ETF inflows right now on the bitcoin ETFs coming in.
So seems like we might be at the edge of
something here that could be on point for what you're
talking about, which is possibly a big reversal or I
should say move into one sixteen. I want to go
to a clip real quick because this will kind of
(10:44):
flow into whether or not this is a tradeable correction
because the last one we had was in April.
Speaker 2 (10:49):
Take a look, but.
Speaker 5 (10:50):
On in a short term basis, this is probably the
first time since April that I think we had maybe
a tradable correction, and it would be those three things
you mentioned first, the China US trade tensions. We're kind
of walking towards this, you know, deadline. The markets may
get nervous around that. And by the way, it's a correction,
it's not like we're going back to where we were
in April, but you know, a ten percent correction would
feel pretty nasty. The second reason would be we get
(11:12):
funding market stress, which, by the way, that Chair Powell
talked about last week. That's one of the reasons why
we may you know, MQT a little bit earlier next year,
because we're starting to see a little bit of funding stress,
which is essentially the bank reserves are maybe a little
bit too low for the liquidity weding, not just for
the financial markets, but now for this economy, which I
think it could be booming next year. So those are
two reasons I think we could see some corrective activity
(11:34):
in near term. I don't think it derails our core
view on the rolling recovery.
Speaker 1 (11:39):
Rolling recovery interesting statement there coming in so other things
that you could say would fuel that is how the
FED reacts. And now we're starting to see this, which
is possibly seventy five basis points by the end of
the year. So this would include a fifty hit and
then another quarter possibly in decemi or flip them around
(12:00):
a quarter now in a fifty in December. But getting
to that would be significant because that would suggest that
the market pricing would go down to four and a
quarter in terms of the Fed fund rate, this.
Speaker 2 (12:12):
Is a big deal.
Speaker 1 (12:13):
Speaking of that, in terms of institutions, you got van
X filing for a staked eth ETF, so this starts
to really accelerate. We already have and have talked about
the potential of ETF starting to flow. We just had
the Gray Scale guys on this week. They think this
is a slam dunk. We're going to see more of
it happening much faster, which is going to open up
institutional but also even retail to a certain extent, because
(12:36):
they're going to look at this almost like a dividend.
If you're looking at ethereum right now trading above it.
I think it just hit forty one hundred as we're
filming here. How would you play eth right now?
Speaker 2 (12:48):
Tim? What would you do?
Speaker 4 (12:50):
Well?
Speaker 3 (12:50):
This was another one again What am I doing right now?
I'm going to sit and watch for a second because
I bought back here at thirty seven hundred. I think
one of the videos you show to my channel was older.
So I think the one, the ten thousand dollars portfolio
video that's from a couple months ago, but the other
one I just made the other day.
Speaker 4 (13:06):
How I would spend ten thousand. Right now.
Speaker 3 (13:08):
We talked about different dips to buy a couple of
different coins. One of them we bought a Theorum at
thirty seven hundred because of that key support. Clearly good decision.
We're back up here. What do I want to see? Ooh,
this looks a little different, though I checked on it yesterday.
Green reversal Bullshmentum, Paul, that looks to me. Let's lay
out this closes. But that looks to me right there
(13:29):
like positive money flow coming back into this space. That
would be a daily b signal right there. And again
you take a look at the last couple of times
we had these daily bisignals. We go back here to
ever twenty eighth. Pretty good little run there right here
on September eighth, Pretty good little run right here on
August sixth, pretty good run. So I mean that right there,
(13:49):
you still have some space. This would suggest the smart
drill alone. Again, I think we go higher than this.
The smart droll alone suggests somewhere here between forty three,
forty four hundred and forty five hundred. But we're still
tracking something. I've showed your channel here before, this channel,
this falling channel.
Speaker 4 (14:05):
That we had a little bit of a scare.
Speaker 3 (14:07):
When I say scare, we had a little bit of
a hope breakout back here, false breakout. We had a
wig come down below, but we close all the candles above.
This is still a bullflag pattern. This bull flag pattern
is projecting the next big wave for ether. If we
follow this big explosion, we're talking about a move on
Ethereum over the next let.
Speaker 4 (14:26):
Let's say, let's say six months.
Speaker 3 (14:28):
I don't want to make this projection like it's going
to be end of year, but eighty six hundred is
still on the table there. I think there's some more
interesting levels between five and six that probably will see
some volatility and some movements there. But I still think
Ethereum has a room for a very big upside move. Obviously,
Tom Lee does. Institutions are stacking while others are fearful.
(14:50):
I mean, again, the opportunity riding here. Look at the
volume on this little scare. Look at the volume coming
in down here. This was a time period where where
a lot of retail freaked out and somebody, my guess
is whales and institutions had the stones to buy extremely
cheap because they knew this was the last great chance
to go all in on ethereum before massive upside potential.
Speaker 1 (15:13):
Well, you've got a lot of things happening that continue
to be very positive. Crypto in general, ETH of course
is going to be a big beneficiary to this, especially
around US well stable coins in general. And now that
we've got the FED saying hey, we're going to do
these skinny master counts, we're going to open up payments
in a bigger way. This of course is going to
be a big advantage for ETH and even to a
(15:34):
certain extent, Polygon because of just the payment capability. So
there's some potentials here for a lot of different projects
to get some movement. Solon is another one seven months
strong now for Salona futures.
Speaker 2 (15:48):
This looks really good again.
Speaker 1 (15:50):
We had Gray Scale talking about this as well on
this week and that was what was going to have
a better strength in terms of this ETF run in,
and he still thought we were going to get some
ETFs approved even if the government doesn't come back. Is
it going to be Solana or is it going to
be XRP on an ETF side of things, Do you
(16:11):
have an opinion on that? Which one do you think
will run better as any as any better.
Speaker 4 (16:17):
Which one will come first?
Speaker 1 (16:18):
You mean run better when they when they land. Do
you feel like Solana will outperform inflows in that say,
first thirty days.
Speaker 3 (16:27):
That's a good question, you know. I'm gonna give kind
of an answer that it doesn't really give the fullness.
But when I have conversations with people Paul about crypto
that these are outsiders. So like, obviously we talk crypto
every single day on my channel. You talk crypto every
single day in your channel. We understand the crypto lingo.
But I'm talking about people that are not really in
the crypto community, but the start talking about it.
Speaker 4 (16:49):
Believe it or not.
Speaker 3 (16:50):
I hear way more outsiders talking about XRP than Solana,
which makes me think, and this is nothing Slona, because
I think solan has got a very big upside. I
think the more education that happens for the everyday user
people are gonna love Salana. But right now, people in
the trad file space people just invest passively. They don't
think about it. I've been asked by at least ten
different people in my life, Tim, do you think buying
(17:12):
XRP right now is good? No one has ever asked
me do you think Solon is a good buy right now.
That's not a crypto person. But I've been asked by
ten people who do not talk about crypto all day
every day, they ask me, is XRP a good bye
right now? Which means in that trad FI community, in
that non crypto but kind of warm up crypto community,
Xrp's got a big name still display it's almost a crypto.
(17:33):
People kind of moved on from it, acting like, oh,
it's not gonna make it. That's not how TRADFI is
viewing it. Trad fise still very.
Speaker 2 (17:39):
Excited exactly well.
Speaker 1 (17:41):
And the point being is that anytime you have these
cult like communities like the XRP army, et cetera, these
can transition quickly and start to cause these narratives that
are almost mean coin like moves, where especially if you
get any fuel underneath it, like what we're seeing with
these master accounts, which will be good for Ripple.
Speaker 2 (18:00):
But the other thing.
Speaker 1 (18:00):
That came in on this is that usually the asset
that does well in the future side of thing is
the one that does well on the ETF Solana has
held that up, so there is a good balance here. Listen, Yeah,
it's the good thing is both these are the institutions.
Both sides are gonna like it. We may see more
(18:21):
of a win on the retail side. To your point
with XRP, speaking of that, you put this out, polymarket
launches a fifteen minute up down crypto prediction. Marcus. This
of course is powered by chain Link. We know how
this is all tied in.
Speaker 2 (18:34):
So what's your point here?
Speaker 1 (18:37):
I mean, are you saying chain link is over sold?
Is it undervalued right now?
Speaker 2 (18:43):
What is your what's your Oh?
Speaker 3 (18:45):
Yeah, this is a massive, big win for chainleak again
as they continue to integrated into all these big things.
This is a chain Link is over sold story that.
This is another major major use case polymarket changing the
game worldwide about people being able to bet on current events,
betting on sporting events, betting on political outcomes, everything else.
(19:07):
Multi futuristic, multi trillion dollar business is what polymarket could
be because it's going to give access to people who
want to bet on this type of stuff, way more
availability versus right now. I mean it's only in the
last couple of years most states in the United States
have been allowed to bet on sports. Polly Market's going
all in. You can bet on just about anything you
(19:27):
can find someone willing to wager the other side of that.
Speaker 4 (19:31):
Betting is a big game.
Speaker 3 (19:33):
So this can be really huge for chain Link, really
huge for polymarket, huge for everybody.
Speaker 1 (19:37):
Okay, all right, so I want to line up three charts.
I want you to start with Solana because we just
saw the strength of what's happening in the future side.
Speaker 2 (19:45):
Okay, and let's go.
Speaker 1 (19:46):
Ahead and throw chain Link in there, and even XRP,
and I want to stay with that group. Tell me
where you think Solana, XRP, and chain Link will be
end of year.
Speaker 3 (19:58):
Oh man, I have to updating this because every time
we start to get some sort of a bid, someone
has to come and poop on the party.
Speaker 4 (20:06):
You know.
Speaker 3 (20:06):
I was not surprised by this move to one seventy one, obviously,
just surprised by the speed of it. We had a
rising channel. I figured we'd get a bearish breakout. What
we're gonna be looking for, though, is is gonna be
where do we get these by signals coming in and
very close This one's on Solana, very close to what
bitcoins looks like.
Speaker 4 (20:22):
We're getting a nice bid here.
Speaker 3 (20:24):
Over the last couple of days, a short little daily
chart would suggest back to two twenty four. But that's
this is something I see happy in November. I think
what I be watching at is probably these higher levels. Uh,
probably some, I think. I think we could see Solona
vying for all time highs here, getting back up above
two hundred for sure, getting of and pushing for three
(20:45):
hundred dollars per coin. I think some of the bigger
moves could continue to happen in Q one, but here
I'll look at one more. Here weekly chart could give
us a little bit more of an insight into a
futuristic thing. Yeah, we have some resistance at two sixty.
You can see we usually we usually stretch it a
little bit more. Let's let's say the cloud I'm gonna
go right here. I think that by the end of year,
(21:06):
the high end potential for Solana right now, barring a
massive run because retail jumps in the boat as well
as institutions, which I don't think will happen just yet,
I think three to fifty is possible. I think getting
up to this mid cloud on the weekly chart is possible. Yes,
we are currently under that Celton on the weekly chart,
but if other things start flowing, if Bitcoin flows up
and Ethereum flows up and Chanley flows up. Solana won't
(21:28):
be left out of the party, and so that would
be my high end potential. I'm gonna say somewhere between
two fifty and three fifty is where i'd pin a Solana.
I would say that would be my expectation for where
I think it could get to. With XRP, let'll go
switch and kind of flip over to here XRP. Let's
just start here with let's get above this resistance level again.
(21:49):
I mean, we had some fake outs up here, but
we're once again struggling with this resistance level.
Speaker 4 (21:53):
Let's get back above it.
Speaker 3 (21:54):
I'll feel a whole lot better, kind of similar to
what we were talked about before. We have some bullish diverg
we have a little bit of what looks like the
money flow is gonna flip back bullish for us. That's
only gonna be good enough on the daily chart to
let me feel somewhere around this mark two eighty three,
twenty four. I'll go with that weekly chart as well.
I think the weekly chart is gonna give us probably
a good indication between the weekly smart trail and the
(22:16):
mid level.
Speaker 4 (22:17):
Let's say XRP end of year, summer between three.
Speaker 3 (22:19):
Fifty and four to fifty is is where I would say,
I think that's reasonable. Not it's impossible to guarantee, but
I think that's a reasonable expectation.
Speaker 4 (22:30):
Same with Chanelink.
Speaker 3 (22:30):
I think I'm gona go in the same boat I
think Shaanelink. I actually depend when people are watching this.
I'm putting a video out today on chain Link, both
a short term price prediction and a longer term price prediction.
But I had this, I had the kind of a
similar thought going on the daily chart, very very close
to printing a buy signal for actually, no excuse me.
This is when we got the biascen on the daily chart,
but on a weekly chart, will go end of year,
(22:52):
let's go between twenty five twenty six dollars, And.
Speaker 4 (22:56):
Well, that's not right what I had.
Speaker 3 (22:57):
I had forty five forty five, And I think I
i'd said there was a chance on the higher end,
so we'll go like forty forty five dollars as my
higher end. But I also said, if we make a
similar type of run to what we did back here before,
it wouldn't be ridiculous to see like golden Pocket extension
from back in here, come up and hit towards sixty
(23:18):
three dollars.
Speaker 4 (23:20):
I still believe Paul. I made a video.
Speaker 3 (23:23):
Last week week before where I walked back some of
the price frictions in the sense of saying, you know what,
I think we're in a different bull market than I
was expecting. I didn't think the Fourier cycle was gonna
make it, but I thought we would see similar types
of explosiveness to pass bull markets. I think that's gone
until we see massive retail come back in institutions are
aoka with slow but sure higher highs, higher lows, nothing crazy,
(23:45):
take some profit, sell it off, buy low, go up,
go up, go up.
Speaker 4 (23:49):
So for me it could take.
Speaker 3 (23:51):
I still think Chanelink someday is going to be over
four hundred dollars per coin. Is that day in twenty
many five? Probably not? In fact, I'm pretty certain not
in twenty many five six, maybe, but I would be surprised.
I think realistically the best chance for a four hundred
dollars chain leak would be after several waves of higher
highs and higher lows, and probably sometime in an extended
(24:11):
bull run into twenty twenty seven or twenty twenty eight,
it'll happen. But with institutions controlling the game, controlling the charts,
they don't move as fast as retail. They're not as
they're not as volatile that they're gonna be very okay
with slow but steady higher highs and higher lows for
quite some time.
Speaker 1 (24:26):
Yeah, and I think there are some things that can
get you know, these crazy viral moments. One of them
is Polymarket. You know, we were talking about it there,
but if you look at just this right here, when
you look at Polymarket, when it wins big, Ethereum wins
big because Polygon, of course, you know, riding in there
on ethereum.
Speaker 2 (24:47):
This though, was a little bit.
Speaker 1 (24:48):
Of tension between the Polygon team and the Eighth team,
including a metallic talking about but when Polygon itself is
not ethereum, it's kind of mind boggling that they're not
getting kind of the cred that's for them. I want
to go to a couple of clips and then I
want to get your opinion on Polygon, because this has
been a token that has been really repressed, and of
course the transition has all been done over on coinbase,
(25:11):
we still haven't got it relisted over on Robinhood. But
let's go to SOD through Mark Boyering.
Speaker 6 (25:17):
The key here and we could see it from the
growth in this chart is payment provider volume in general,
and Polygon continues to increase, like very meaningfully forty nine
percent or quarter growth and very very significant.
Speaker 2 (25:31):
Obviously a lot of payments and financial applications that are
using it.
Speaker 4 (25:36):
I think there's there's quite a few more, all right.
Speaker 1 (25:40):
So you saw the slide there that goes back into
the payments infrastructure and how fast that growth was, and
it ties into what the FED is doing around trying
to make this a more crypto friendly payment architecture. I
want to go to this next clip because this gets
into what's coming next for Polygon.
Speaker 2 (25:56):
Take a look.
Speaker 6 (25:57):
There's going to be a few additional payment providers that
we're going to see coming online that I think are
going to be really really important. A few announcements around
chains coming to the AG layer.
Speaker 4 (26:09):
Is there any alpha you could share on that front?
Speaker 6 (26:11):
Well, we'll see an announcement in the next month around
one of the biggest financial institutions in the world that
are working with one of their teams on launching a
chain on the aguilare I think that's the most that
I can say about that since it's not public yet,
but we'll let everybody know that the ag Layer's growth
(26:33):
is very real and a lot of assets will be
coming to the aglare as a result of that. One
of the key reasons why they're coming to the aguilare
is they want the interrupt ability right and we're actually
working very very close to with the team on making
that happen. So we're excited about that launch.
Speaker 4 (26:49):
All right.
Speaker 1 (26:49):
So that's that's Mark boy Run who's been on our
show this. He's a senior exec over at the Polygon
Lab side. This could be a big deal if we
get if we get a major bank that starts to
look at this, especially within the ag layer, because this
starts to change things for Polygon. I think the question
is is what are the charts shows, Jim, Are we
(27:09):
finally coming home on the ground or not.
Speaker 3 (27:12):
The charts just show that people don't want to hold
onto this token. I mean, it's very interesting because you're right, like,
there's so much about Polygon from a fundamental standpoint that's like, man,
this should take off, but look at this chart. I mean,
there are very few cryptocurrencies that have a chart like
this where we have been NonStop and actually it's not
a good reputation there. It's a NonStop lower highs and
(27:33):
lower lows since December twenty one, right, we have not
put in a single higher high yet. And while technically
we put in a higher low back here, we really
for the most part have just been put in these
lower lows at the same time this whole period of time,
at least dating back here in July of twenty niney three.
Speaker 4 (27:48):
What does this mean?
Speaker 3 (27:49):
It means even with all the use case that that
poly market has, overall, people just don't want to hold
the token. The fundamentals need to keep being bullish, but
people need to decide, you know what polygon polygon formally narismatic,
Should I hold this in my wallet or not? If
people don't want to hold If there's constantly buying and selling,
(28:10):
buying and selling, buy and selling, but no one wants
to hold it, it's really easy for the price just
to stabilize and like, is this the new norm?
Speaker 4 (28:16):
Like is polygon just gonna do this?
Speaker 3 (28:18):
Is it gonna be one of the most utilized cryptos
in the world, But is an effectively a stable coin
because price just fluctuates between fifteen cents and twenty seven
cents per coin because it's constantly transitioning buy sell, buy
sell by cell. There's no long term holders, there's not
an overwhelming amount of buyers to sellers. That's what you
need to see fundamentally on the charts. There's two flossphs here.
We got a coin with great fundamentals that is dramatically low.
(28:41):
Are you a risk taker? Risk takers look at this
and say, you know what, there's like almost no downside
at this point. We've bottomed out and there's only upside
from here. But I think the traditional investor might look
at this and say they just can't catch a break
like this just is not a coin that screams at
me that I'm gonna make money on it holding long term.
Speaker 1 (29:01):
I just think that the relationship with what's happening with
polymarket is going to benefit them, much like what's staking
those for eth You know, the question.
Speaker 2 (29:11):
Is does it get a breakout? You know?
Speaker 1 (29:14):
And will we see it happen is the real question.
So let's jump over to Arbitram.
Speaker 2 (29:20):
Now.
Speaker 1 (29:20):
The reason I've got this chart up this is the
number of assets right now that are tokenized on robin Hood. Okay,
now this happened in Europe four hundred and ninety three assets.
I'll see if I can scan down here to show
you guys, the efficiency of what this looks like right
here was one hundred and thirty bucks to cost, yeah
price to Robinhood in terms of what the operating costs
(29:43):
are to do these kinds of tokenizations. So this is
going to happen in the United States soon. Arbitram has
been the chain selected for this. When you look at
the Arbitram chart, how would you play this one out?
Speaker 3 (29:56):
Tim Yeah, around as long as Polygon, so you know
you can't give it the same kind of you know,
crap that you give Polygon. But it's not a great
looking chart either. I'll tell you this, Bass, which is
not even a crypto, has stolen all the thunder from
these layer two. It's like the only good layer two
on Ethereum price wise would be Base because how much
(30:18):
is using And it's not a it's not a coin,
it's a it's a stock because you can buy it
through Coinbase.
Speaker 4 (30:22):
But I will say there's a little bit of a
bid here.
Speaker 3 (30:25):
This is a falling a pretty clean falling channel overall,
if you catch a nice bid to the upside, we
should see a big breakout.
Speaker 4 (30:32):
If I can grab this tool correctly, there we go.
We should see a big breakout to the upside.
Speaker 3 (30:35):
Once we break this yellow line, we could we could
skyrocket here, back up towards two dollars here, So let's
get some positive momentum. Let's break that resistance. What are
we seeing right now in the charts weekly chart? Very close,
I mean rounding oscillator right there. You can see there
what clearly was a nice cell signal up top on
the weekly chart would have been a great time to
sell during this pullback. But I'm going to assume this
(30:56):
is one the daily chart probably is okay, not quite
a bye, very hosted to being a buy right there.
Keep an eye on a nice little trade opportunity here
at least back up here towards forty one cents. If
that weekly chart catches a bid now of a sudden,
we're running back up towards resistance at sixty one. Break
that yellow line, and we're making a move towards two dollars.
Maybe again, based on what you said in the news,
(31:18):
maybe this is a chance for AR finally to make
a big push. But ultimately, again, this is a This
is one of those charts that it's like, let me
see some life come back into it, because it has
been a constant high or high higher level traders love it.
I mean, I can show you right here, if you
use this indicator, you would know right when to buy,
right when to sell. You could make a whole lot
of money on this type of a chart. The question
(31:40):
at this point would be can you make money holding
it long term?
Speaker 6 (31:43):
Right?
Speaker 3 (31:43):
I wouldn't call it safe some of the other plays
that I have out there, but there's a chance. There's
absolutely a chance.
Speaker 1 (31:48):
Yeah, well, I mean, you know, and that's the other thing.
If we get into these markets, the real question is
is how do you play twenty twenty six.
Speaker 2 (31:54):
We're going to be doing a show on that.
Speaker 1 (31:55):
Later in the year of strategies to set up for
whether it's tax loss harvesting, setting up some of the
assets long term holding in twenty twenty six. So you guys,
make sure and subscribe for that one.
Speaker 2 (32:08):
Do that right now. Hit the subscribe button.
Speaker 1 (32:09):
Of course, get over to Tim's channel and thank him
for coming on the show weekly. We'd love to have
you as a trader Tim, thanks so much for coming
in today.
Speaker 4 (32:17):
We appreciate it absolutely. Thanks for having me, Paul.
Speaker 2 (32:20):
You bet all right. You guys know what to do.
Get into the Diamond Circle. It's our free group.
Speaker 1 (32:23):
It's available to you, absolutely easy to do. Hit the
link down below, follow me out there on X at
Paul Baron. We'll catch you next time right here on
the Paul Baron Show.
Speaker 3 (32:33):
Thank