Mega Uncertainty Crash📉Crypto Technical Analysis with DataDash

The cryptocurrency market is going down after the Federal Reserve delivered a hawkish interest rate cut on Wednesday. Jerome Powell and other officials slashed rates by 0.25%, bringing the benchmark rate to between 3.75% and 4.0%. 

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Guest: Paul Sampson, DataDash
Follow on Youtube➜ https://bit.ly/DataDashChannel

00:00 Intro
00:10 Sponsor: BTCC
01:00 FOMC vs Crypto
02:30 China trade deal progress
03:00 Bitcoin analysis
06:30 Government Shutdown update
07:00 Powell's comments that dumped crypto
09:00 Trueflation
10:00 Most bullish catalyst for crypto
10:30 Scam dump?
13:00 Ethereum analysis
17:00 QT vs QE
20:30 Uniswap analysis
22:05 Solana analysis
24:30 Avalanche analysis
27:30 Pengu analysis
31:00 November bullish?
31:30 Outro

#Crypto #Bitcoin #Ethereum
~Mega Uncertainty Crash📉Crypto Technical Analysis w/  ⁨@DataDash⁩  ~
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Episode Transcript

Speaker 1 (00:00):
A crypto bear market. Are we in one or not? Today?

Speaker 2 (00:02):
We'll break it down for you don't want to miss it.
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(00:38):
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Speaker 1 (00:45):
Check it out linked down below.

Speaker 2 (00:46):
All right, let's go over to a couple of points
I want to hit on, but before I do that,
I want to bring in our guest today, and that
of course is just Paul Sampson coming in from Data Dash,
How are.

Speaker 3 (00:56):
You doing well, Paul? Always a pleasure to be here, sir.

Speaker 2 (01:00):
So we we of course had you early in the week.
We didn't anticipate what we saw yesterday in the FED,
so we thought we got to get an emergency, you know,
an emergency episode with Paul. So we can break this
down because this is a little crazy right now. If
the if an FOMC rate cut won't move the bitcoin price,

(01:20):
My point is, what will I mean this guy is
he's very hawkish. Yesterday he started throwing out all kinds
of craziness. It felt like he was almost like really
going after Trump. When you look at the response on it,
what was your initial response to what you heard? I mean,
because there was good and bad in this thing.

Speaker 4 (01:38):
I mean yeah, I mean I was actually watching your
coverage on it, which is fun. But yeah, it was
just same as you said, like all things kind of
point to you know, a good good good things. I
guess big picture wise, the slip on bitcoin. I can
actually attest to a technical setup on that which is
going to be pretty interesting to look at here. But yeah,
aside from that, you know, yeah, everything with the rate

(01:59):
cut and then with the quantitative titaning coming to an
end here in the next few weeks. I mean, all
those things traditionally would lead to you know, good results
and good rhetoric in the market. So this like short
term pullback is you know, I know, it's got many
people up in you know, panic or just just questioning
in it to some degree. But I took it as
in the long term and the bigger picture here what

(02:19):
we have probably to come in the following months in
the year that it was all good things.

Speaker 1 (02:24):
Oh interesting, Okay, well good.

Speaker 2 (02:26):
I'm glad to hear a different perspective because what I've
been hearing is a lot of people calling the top
here and other things that play into this. That still
because these are good narratives, and this of course was
one of them. Investors are waking up to the big
news with Trump and she and the main thing is
China has no longer got one hundred percent of tariff
going live on them. So that is good news because

(02:48):
apparently the President came in and said, this was a
really good meeting.

Speaker 1 (02:52):
We like what we heard. Things are moving forward.

Speaker 2 (02:55):
As progressed, and this is huge. Normally, Paul, this would
move bitcoin like crazy. Tell me why it's not moving
on the charts right now, what are you seeing?

Speaker 4 (03:10):
So I'll kind of cut into the most recent move here,
which if we go back to even just Monday, we
were trading right around this region. I think it was
like one fourteen. It was Tuesday Ishuday, right around here
on Monday, and I was covering on how you know
important Basically one fourteen was don't quote me if I
mentioned it heavily here on Monday or not, but we
were looking at that level and for me, I was

(03:30):
looking to hold that area, and if we were, we
were going to look for that one twenty region. But
ultimately my overall thesis has been since the one twenty
six high is that we were going to see bitcoin
range for quite some time right into that area, down
into the ninety seven thousand dollars region potentially. And when
we see all this news right now coming out, it's
it's again one of those times where it's like, why

(03:52):
is in this moving? It's it's one of those pieces
where I think that the price action is going through
its own its own piece here where the news you
would think is going to move it, but we're just
unfortunately stuck into the range.

Speaker 3 (04:03):
And I think that this news is going to come,
you know, to a.

Speaker 4 (04:05):
Place where down the road, it'll be looked at like,
you know, if we come down to this region here
and we get that big bounce in a couple of
weeks or what have you. You know, then we looked
at like, oh, well we got all the rate cuts
and everything's you know, moving along now here for bitcoin
properly as far as what we saw more locally to here, Paul,
but the one fourteen, as soon as we gave that up,
this is actually a setup that we see almost each

(04:27):
and every week. And if you were to take the
news away from yesterday, this is something I looked for,
which is I utilize previous week range data almost every
single week, and a lot of times when we're opening
up near the high, which is exactly what we did.

Speaker 3 (04:40):
We started on Monday up at around that one fifteen.

Speaker 4 (04:43):
You do this little sweep aroo and you do what
I call you sweep the high and you die and
essentially you just come back in and you run last
week's range. So this is the range for last week
based on volume. We essentially opened up outside of it,
and it's an inefficiency in the chart more than anything.
And like I said, you see this almost time and
time again, and if vice versa, had we opened up
at the low here, you would have probably saw it

(05:04):
come up like this.

Speaker 3 (05:05):
And to end this.

Speaker 4 (05:06):
Whole little outlook here, because we're coming into this move
right now, especially at the end of the week now,
and especially as we're coming into it at the end
of October. This just the same as we just saw
a big pump last week, a dump this week. It's
very likely, Paul, the next week we're going to get
another move to the upside. The question is that we're
going to get a little bit lower here in the
next coming days before that starts. But ultimately that's the

(05:28):
setup at hand, which was this where we just took
the high. Personally, I was looking to hold that one
fourteen and we could actually had that little jaunt up
to one twenty. But the second we gave up one fourteen, Paul,
I was looking for that range rotation cme gap.

Speaker 3 (05:41):
I'd noted it here.

Speaker 4 (05:42):
I know that many were looking to see us just
come and fill the gap and get the bounce. To me,
I didn't think it was really relevant because if we
did start coming down, we were probably just going to
blow right through it, which is what we've done now,
So now we just kind of got to let the
dust set a.

Speaker 3 (05:53):
Little bit here as we end the week end the month.

Speaker 4 (05:55):
But ultimately I do think that everything that has been
said yesterday today, the progress with President chi and President Trump,
I think that those elements will all come together in
the next coming weeks here, and we could very well
see next week turn around and we get a nice
big move to the upside and all that news starts
to feel like it's catching up.

Speaker 2 (06:12):
I guess, yeah, well, I mean, and the point is
is that there's just been so much positive news that
I'm not sure that the markets have completely tried to
figure out how this affects because the I think with
the Fed, what Powell said yesterday about no rate cuts
in December, potentially I think that was the thing that
kind of put this market on its heels. We'll get

(06:33):
into that in a second. Looking at the government shutdown,
because this is the other major issue right now that
we're dealing with. And if you look at polymarket right
now between what is it, November sixteenth, it looks like
it's around thirty five percent possibility, so fairly low, and
it's diving November fourth through the seventh rising slightly, and

(06:54):
as you can see, I mean this is an elongated
potential shutdown. So this is a problem going forward as well.
I want to play a clip for you that goes
into the topic that I was getting at right there,
and that is the thing that Powell said that I
think put crypto on its heels.

Speaker 5 (07:13):
Take a look in the committee's discussions at this meeting,
there were strongly differing views about how to proceed in December.
A further reduction in the policy rate at the December
meeting is not a foregone conclusion. Far from it. Policy
is not on a preset course.

Speaker 6 (07:34):
I thought a couple of things. One is highly unusual
film to be so clear about the next meeting. Normally
they're a little more circumspect, but he was very much
cleared pushing back. Secondly, I thought, not its total surprise.
I think markets had forgotten the September plots that showed
you know, roughly an evenly split committee. And after the

(07:56):
meeting a number of the Fed president, particularly President Schmid,
and a few others and express some disagreement of some concern.
But to be fair, it is highly unusual for a
share to be sourceless about the uncertainty in the December meeting,
he said something yesterday that is very important, which is
twenty five or fifty basis points, is not what's driving

(08:18):
this massive building of data centers. It's being driven by
expectations of great returns and ability to keep up with demand.

Speaker 3 (08:28):
So I don't think.

Speaker 6 (08:29):
They are in a position to actually attempt to tamp down.

Speaker 3 (08:34):
This capital expenditure.

Speaker 6 (08:36):
Any more than they could tamp down, you know, the
equity markets very successfully, all right.

Speaker 1 (08:42):
So he had on a few points there.

Speaker 2 (08:44):
I was a bit surprised also with Chair Powell making
that statement. And the point that you know that analyst
was getting to is that the market is not necessarily
responding to these lower interest rates, because this has kind
of been piped into the fluff of AI if you
look at true we have been climbing on inflation really
since about May to where we are right now edging

(09:07):
up close again to about two and a half percent.

Speaker 1 (09:09):
So there are some pressures.

Speaker 2 (09:11):
But I think the issue with Powell is that I
think he's lost the job market at this point. Now.
It's not that we've seen yes, we've seen a lot
of jobs coming, but the numbers that we're seeing and
I've been saying this for months, is that the leading
indicator for job loss in America is the restaurant industry,
full stop. If the restaurant industry is not creating foot traffic,

(09:34):
those brands do badly. If that happens, that's a what
fifteen million people work in that industry, So that in
itself starts to isolate around. These big tech layoffs are
nothing if we don't see that market come back. So
all of that, along with what we're seeing right now
on what could be the spin for us, and that

(09:56):
is most bullish for crypto qt ending, government reopening right now.

Speaker 1 (10:01):
It's bill passing.

Speaker 2 (10:02):
Crypto bill passing is what people are thinking, and it's
by a large amount. So I'm surprised at that, especially
where we are right now with all these macro headwinds
that seem to be loosening up. With the exception of
chair Pal, which you know, I hate say it, I
think you know, there's a little bit of a political

(10:24):
issue going in there right now. Do you think this
is a scam dump?

Speaker 4 (10:30):
I saw that yesterday, which is that's like an old post,
right yeah, from twenty twenty four. Okay, No, So I
mean again, like as I just showed right where if
you took away the news from this week, and I
could even wish I had a couple more setups right now.
But again, I look at this exact same thing every
single week, and we once again you get these big bursts,

(10:50):
especially when you get those Sunday pumps, right everybody always
usually looks at it like a Sunday pump equals a
Monday dump. But generally speaking, when we get those huge
moves at the end of a week or the end
of a month, which again I'm going to highlight that
it is the end of October right now, and if
we look at Bitcoin right this moment, we are sitting
on just what I looked at in this very short
term weekly outlook. So far for the month of October,

(11:12):
it's been down. And I was happy when you had
me come back on today because I want to see
how this kind of looks as we go into November now.
But basically, as we're going into November, let's just take
a look at how October's range is shaping up. And
this is all to answer the question of is this
a scam dump and anything like that. I think it's
just one of those times where the news just doesn't
align well with the price action and people just have

(11:33):
a hard time trying to make sense of it. Essentially,
but this is our range here for the month of October. Again,
I utilize a lot of timing, a lot of range data,
and this is pretty normal. This is the reason why
I was targeting one twenty as we were trading up
above that one fourteen, because it was basically the high
side of the range. We have now came back down
and lost our gold i'm sorry, our point of control,
which is our main area here. So likely now we

(11:55):
probably are going to head toward the bottom of the
range here, which would be like one O four, one
O three, whatever the case may be. We're pretty much
there now, so give or take. But as we start
into November, now what we see time and time again
is a replacement of that last range. So uh, these
levels here are more likely going to get revisited here
in the coming weeks. I don't think that this was

(12:15):
a scam pump or our scam dump, I'm sorry. I
think it was just something that again you kind of
had to almost be managing it as you went there.
But it was a pretty cut and dry set up
to me, that occurs time and time again, and realistically
it was you know, it's it's unfortunate for the all
coins because it's a ten percent drop on Bitcoin, which
takes us back to literally one week ago, I guess.

Speaker 3 (12:34):
Which is always interesting to even look back on.

Speaker 4 (12:37):
But it's unfortunate with the all coins because on those
drops it takes down the rest of the market ten, fifteen,
twenty percent at the time.

Speaker 3 (12:43):
So answer that question. Though I don't think it was
a scam dump.

Speaker 4 (12:46):
I think that the price action will more than likely
recover as we start next week and start next month,
and then all these things that occurred yesterday and today,
like I said, it may start to stumble in where
it's like it'll start looking positive.

Speaker 3 (12:59):
So we'll see.

Speaker 2 (13:00):
Yeah, I was just looking at other all coins. I
mean salonas down almost twenty five percent just in the
last month and a half, so downward trend there to
your point. But I want to jump over to Ethereum
because there's a couple of points here that I want
to hit on with ETH and that is this tweet
right here. Tom Lee put this out very strong Q
three earning seasons.

Speaker 1 (13:21):
Keep it up to date.

Speaker 2 (13:22):
We're seeing a lot of things happening in the market,
good numbers in general. And what he's kind of referring
to here is the opportunity of where Eth could be going,
especially with token is securities. And I think that's his
you know, his leverage into what he believes around ethereum
as a whole. But Eth, right now, man, this is

(13:43):
is this a by at thirty seven hundred? Do you
feel like we start to hit that thirty four thirty
three hundred range? What's your what's your target here?

Speaker 4 (13:53):
It's to me we're so the same thing here happened
as bitcoin, just looking at more locally right to kind
of explain this recent drop. So it's one of two
things that you start the week you get this one
burst up again. Now we had last week's information right here.
We started off at the high and you got one
of two options. We flipped the high and as long

(14:13):
as you're above that, you look higher. But the second
you come back down below that, you're looking to run
that range, all right, and exactly what we did here.
So this is eachs range from last week. This is
our log we're coming into right now. So as far
as that goes, that play has already been performed there,
So I'm not really going to be looking to that
at the moment for anything specific. If I'm going to
zoom out and look at the idea of is this

(14:35):
a by zone or not, this is still that region
that I was looking at on Monday, even the standing
as long as we are staying above this box, which
is where we wick down to, which is our yearly
open here, and more importantly the macro three to eight
to two of the overall fourteen hundred dollars low to
our now forty nine hundred dollars high, As long as
we're staying above this on daily closing basis anything really

(14:58):
to me is it's not the most ideal buy, of
course compared to where we were a year ago or
what have you. But yes, if I'm looking at compared
to forty nine hundred and down, and if I'm looking up,
which at the moment, as long as we're above here,
I am targeting back up to the upside, then yeah,
I mean I would say that this region is where
I'd be looking to for the most ideal entries pretty
much starting out where we're at now right as far
as again looking at spot buys and stuff like that

(15:21):
I don't love to buy things that are up, you know,
incredibly on the year or anything like that. But I mean,
for me, I am anticipating a five to seven thousand
dollars eath so at thirty seven hundred dollars looking back, Yeah,
it's just one of those times when you know all
the tail winds. As you said, it's it's always a
little scary or very scary when the better buy opportunities
are there, and everybody's very fearful that the top is
in the bear market is here. We're just going to

(15:41):
see nothing but downside. So you just kind of have
to sift through all those emotions and figure out what's
good for yourself. But yes, to me, and again where
I'm wrong and where things changed if we start living
below thirty three hundred. But until then, yeah, I think
we're ranging around here, Paul, And I think that the
next leg up comes in a few weeks two months
potentially for Ethereum. I'll go back to that really quickly

(16:03):
to put that to bed. Right. We were looking at
that on Monday as well, where due to some timing
and things like that, that all aline but a nice
clean version of that, right, Paul, to look at this
in a timely manner is that we could very well
as long as we're holding above here, we could very
well see the next leg up here into November, potentially
through January of this five thousand and seven thousand dollars box.

(16:24):
So to me, I'm not really sweating it, and that's
just kind of how I'm approaching it with Eve.

Speaker 1 (16:29):
I like your I like your attitude here, Paul. You
seem like you're very laid back on this little movie
or wherever the market. If you look at you know,
it's just it's crazy.

Speaker 5 (16:41):
It is.

Speaker 3 (16:41):
It's unfortunate. And like I said, I see this move often.

Speaker 4 (16:44):
It's just it's it's I wish that it was I
was a little bit more like, oh, this is definitely
going down on Monday, but of course we had to
kind of gauge it as we went. But yeah, it
just it makes sense when when when it's there, it's
just the news and a lot of analyzing price movement.

Speaker 2 (16:58):
Yeah, a lot of analysts are pointing at that night,
well one hundred k bitcoin drops under one hundred, they're
out of the market, you know, that kind of thing.
So we could see all that occurring in the near months.
But well, you know, we got a lot to look
at here. Fed ended QT in October twenty nineteen, all
dropped forty two percent after that. They only started pumping
once the FED started QE in March of twenty twenty. Now, granted,

(17:22):
if you look at the comparison of this over the years,
it's kind of been interesting. The start, we add a
big pump, end of QE downward, which is what we're
in right now, start of QT, which we think is
going to happen faster this time around, and you get
another pump and then repeat the cycle. Start of QT,

(17:45):
start of QE, end of q E, et cetera. You
can kind of see how this lays out to where
basically what we're waiting for is easy. You know, once
you see easing come in, boom, you have got a
rock star market getting ready to pump into it. For reasons,
this is the the balance sheet trends and outside of
this one, this is where we are right now. So

(18:07):
maybe Chair Powell's strategy is, you know, rotate this in
for easing. As he starts to exit the position and
the market is booming and he looks like a hero, you.

Speaker 4 (18:21):
Know, So it's very political point.

Speaker 3 (18:25):
Yeah, of course the hero at the end.

Speaker 2 (18:28):
Yeah, a little bit of US spot demand slipped around
this market pressure for ethereum. How well do you think
the rest of the spots are going to do? I know,
you know, we'll talk about Solana a second, but Slana
x RP, like coin was in Hadera, came live.

Speaker 1 (18:45):
You think this is still bullish for the spot ETFs.

Speaker 4 (18:51):
I do again, you know what, right now, it all
kind of defaults back to the bitcoin movement. I think
that everything always revolves around it. And my my big
feet at the moment is and has been again since
one twenty six, that we were going to see a
range out, a big one right here, just like last
summer or just sorry, just like the beginning of this year,
just like last summer, just like twenty twenty three. And
during this period it's filled with pops and drops, and

(19:13):
every time everybody gets very emotional on each version of that.
So I do think that over and and that's a
really good example I think is just even look back
on when the ETF went live for ethereum, and that
was what March twenty twenty four. Yeah, we had a
huge correction in the market and then a range that
came out of that for six months, and EATH went

(19:33):
from four thousand to fourteen hundred, and now it's back
at four thousand. And it's just, you know, it's not
always a deliberate great news catalyst comes out today, skyrocket tomorrow,
And I think that that's what people probably have the
hardest time swallowing. But then you look back ten years,
you forget all the ups and downs and it's like, oh, yeah,
we got the ETF in twenty twenty four and it was.

Speaker 3 (19:51):
Just off to the races.

Speaker 4 (19:52):
So I think it's just that you got to be
able to kind of just differentiate yourself from the day
to day noise, but at the same time time protecting
yourself and everything, like, of course, if the market is
topped and that's what you feel and you know, you
have to protect yourself in that sense, I would say
that I'm going to manage my portfolio a lot different
than somebody else. If I'm in from years ago and
way lower. You know, somebody's just buying into the market

(20:12):
at four thousand.

Speaker 1 (20:15):
Yeah, your risk tolerance completely different.

Speaker 2 (20:17):
When you're buying you know, a nine hundred dollars eighth
and we're trading at you know, thirty three hundred right now,
so I get that. Other things to look at is
what's going on in the defied market. Of course, we've
seen UNI swap continued to fly in terms of their
dex volume, which is showing upward trends right now, no
matter that the market is down.

Speaker 1 (20:35):
This is like an all time high for uniewap.

Speaker 2 (20:38):
If you look at this one right now at a
total value locked right now at five point three billion,
would you play would you take a roll of the
dice with uniswap right now?

Speaker 4 (20:54):
Based on the fundamentals, you know, that definitely is something
to keep in mind, and I would say that realistically.
I have the chart here for UNI swap too, and
over the last few years, UNI swap one inch.

Speaker 3 (21:07):
What was the other one?

Speaker 4 (21:08):
At least the two of those pancakeswap maybe it is,
but they've all had some really big bursts here and
this huge range we've been in since I think twenty
twenty two, Yes, it's basically the bitcoin bear market low.
You've seen some pops totally give it back up, pop
back again. Macro three A two, which is generally what
I look for for almost anything that looks like this
right back to the bottom. And so to pair up

(21:30):
with what you just mentioned, Paul, like everything that you
just pointed out, we also pretty much trading at the
lows on UNI swap. So when you look at something
like this, we had that big liquidation, WI you is
this something I'd put a little risk into.

Speaker 3 (21:42):
I probably would. And honestly, you.

Speaker 4 (21:43):
Could see something like what we saw with z cash
come out of this, you know, where you have this
huge consolidation and this is just coiled up. You know,
you get a little bit of momentum behind this. And yes,
I mean this does have some pretty sizable moves to
the upside. It's going to have risk like anything else
in the market does. But yeah, I think I would.
I would, you know, definitely consider taking a look at
uniswap right now.

Speaker 2 (22:02):
Good possible play. There another one to take a look
at right now. As Solana dips well under two hundred
on the news of Western Union's partnership, what did you
think about this if you look at Solana on the charts,
because it's good news in general, you know for Solana,
but on the charts did not look good. And if
you look at the Salona ETFs I mean, look at

(22:24):
this right here, b sool opened at fifty six million.
That was huge, you know, and not a bad day,
big day for According to Eric talking about the Soul ETFs,
when you look at the chart, where would you go
on Solana right now?

Speaker 4 (22:42):
Yeah, so I really haven't changed the setup here. I
was looking at a couple other things. I think just
the cleanest look on Solana is still just pretty much
this right. So again when you talk about the risk management,
even from you know where I got in my last
position personally, and this is just spot no leverage or
anything like that, just buy and hold and taking profits
and scaling on the way up. But it's you know,

(23:03):
from ninety seven dollars. This was a bullish reversal setup
that we completed back in April. We got some really
big targets up here. We've been hovering around the main one,
the first one here for quite some time. It's pretty
much that one ninety six.

Speaker 3 (23:16):
I think that we.

Speaker 4 (23:16):
Could really revisit the low end of this region here
again the one sixty to one fifty area, and again
just consolidating below here. But ultimately I still anticipate to
see Solona really make a push here and the way
that we're consolidating so slowly, you could almost start building
out you know, bull flags in this region and things
like that. But I feel like we're going to have
a pretty explosive move, probably towards these other two targets

(23:39):
potentially towards the end of the year here that the
ideal situation is to see us above two hundred, you know,
really give that confirmation again, but hovering around here, yeah,
I just I still see it coming up to that region. Now.

Speaker 3 (23:49):
The only thing I'll point out again here in.

Speaker 4 (23:51):
The sense of just you know, before anybody gets really
overly into something like Salona brand new at two hundred
dollars is again you got to think back to see
how long this how high this is since the last
few years, somebody that was able to get it even
at twenty four dollars eight dollars at the low. So
this is still an asset that's surprisingly high. But when
we do look at the big picture here, it's also

(24:12):
something that's seen impulse moves and has been holding unlike
many others where you see them huge moves up and
just round tripping. So I think that Salana looks strong.
I think that it's definitely. I think it's got to
move packing up right now that we could see a
push up to that three hundred dollars region.

Speaker 2 (24:29):
All right, Well, that's a big one because I know
a lot of our viewers are a big Salona holders.
Another token that is popular on our channel is Avalanche. Avalanche,
of course, had a huge October.

Speaker 1 (24:42):
When it comes to good news.

Speaker 2 (24:44):
I mean they had Biddle jumping in. You've got the
Korea Cloud, which is one of their big markets.

Speaker 1 (24:50):
Off the grid breaks.

Speaker 2 (24:51):
A new all time high with Steam. I mean, they've
got gaming side that did the stripe thing with Crypto
on ramps. I mean, Jesus, this is like a line
list deals. Why is Avalanche not just eating the charts alive?
What's going on here?

Speaker 4 (25:08):
I think that even with Solana right now, getting these
you know, good news pieces is the best thing to
compare that both of them to would be something like XRP.
And the reason I say that is for years and
years XRP was flatlining at that fifty cent mark, getting
partnership after partnership, deal after deal. You know, great news
sometimes would spike the price a little bit, but ultimately

(25:29):
it was just kind of consolidating for a while until
we had that major breakout. Now Solana definitely does not
look like Avalanche, but Avalanche does look like XRP to me.
Not to state that, you know, we could see this
you know, monstrous seven or ten X move out of here,
but we've just got this very large consolidation area. I mentioned,
you know, earlier when we had a little deviation outside

(25:51):
of our range and we got back in, we got
that big wick down. I noted this one level that
we had left from like a year and a half ago,
and it's just always a good thing for me. It'd
always looked again when looking at like is it a
great time to buy or anything like that, I always
leave a little dry powder on the side for any
kind of crazy stink bids down in these crazy areas.
I didn't purchase that level personally, but anyways, that's one

(26:12):
of those was we just got to wake down to
a key level. There he bounce right back up, but
we're basically just holding into this range still. So very
similar to again, looking at some of the positive news
events that are circulating around the just you know bitcoin
right now, or the rate cuts in general or things
like that. I think that the news right now is
gearing up for some bigger moves coming. I think that

(26:33):
just right now, we're just kind of consolidating for Bitcoin,
finishing up that big move from you know, up to
one twenty six. The all coins, I think will get
the time when they can see some upside here avalanches
at the point where like for me, if I'm ever
looking to add on any kind of risk, it's gonna
be when we're at the low side of you know,
accumulation here, even if we have the risk again to drop.
I mean that just is what we all have to

(26:54):
always be prepared for. But when you're looking at something like, yeah,
this this is something and that's literally at the low
side with a it's just littered with key levels above
that doesn't even get us back to all time highs.
I mean, these are this is like five and six
hundred percent opportunities here with just waiting on a big break.

Speaker 3 (27:13):
So yeah, I think that it's just consolidating.

Speaker 4 (27:15):
Honestly, we're in this overall range and I don't see
anything wrong with it at the moment.

Speaker 2 (27:21):
If you're right, Paul, there are some gems out there
right now. If you're right, and we see a reversal
in this market, there are some gems outside of just
Bitcoin and eight. I mean, if you look into Avax, Unicewop,
et cetera, a handful of other tokens that are kind
of going in this direction. I want to before we
let you go, I want to jump into one meme

(27:41):
token which we've you know, we've talked about before we've
had Luca on the show, and that is the fact
that Luca was talking about announcing something this fall and
with pengu If you guys don't know, this is probably
one of the better meme coins out there in terms
of the brand awareness and the community.

Speaker 1 (28:02):
When you look at the chart.

Speaker 2 (28:03):
On a meme coin like this, because this has kind
of got I won't say that it's as big as doge,
but he's definitely gunning for Doge.

Speaker 1 (28:09):
What do you think.

Speaker 2 (28:10):
About this token? If you look at the chart right now,
how would you play this one?

Speaker 4 (28:15):
So when looking at pretty much anything at this point,
you know, everything's kind of given the same vibe. Right,
it's down into the right least short term here. It
depends on how you want to look at it though,
right Like, so this is I got the information on
Peaninggoo going back to December of twenty twenty four. Not
sure when it exactly came out. This is just the
finance chart. But overall, you know, you've got a nice

(28:37):
little rounded formation. We got a pop, we got our
little liquidation pool all the way back taking out the lows,
and we're still just pretty much consolidating in this region here.
So I'm just going to take a look at some things,
just kind of live here with you. And so here
we've got the overall range, which is a little bit
wider to look too, just because it's only got a
little bit of information. I've already bounced right off of

(28:58):
our you know, big key volume area, which is exactly
where we wick down to that point of control. So
we're trading in the in the you know this range
now and pretty much at the middle. So you almost
want to see us hold that region previous resistance, you know,
turn that into support right here.

Speaker 3 (29:12):
Uh and yeah.

Speaker 4 (29:13):
I mean aside from that, I mean I'm looking I
would imagine that as long as we can hold this
region here, you've got some ground to recover. If we
start to look for some potential you know upside moves
here where we could see is basically an attack back
at the highs again, you know, and then if we
think get things get really going here, you could get
a real big push. But I would just say, as

(29:33):
far as any kind of support or any kind of
things you want to see hold, I'd like to see
where we are pretty much right now, just below one
point oh one seven uh, to just hold here, look
to see if we can get back up to that
point oh three cent and then from there. Yeah, I
think we could really get a decent little run out
of this. But doesn't look any different as far as uh,
you know, to anything else and then honestly taking out

(29:54):
that little wick right there, it doesn't you know, it
looks a lot decently healthy at the moment as long
as we're holding above here, because we're not just getting
this big pump and then immediately giving it right back.
So a lot of times that's what you want to
see to just kind of showcase some strength there. So yeah,
I mean, it doesn't look terrible, but like anything else
right now, it's just going to be a little scary
to get involved with it because of the have the
market's pull in here.

Speaker 3 (30:14):
But yeah, I think it's something that worth taking a
look at.

Speaker 2 (30:17):
Remember, guys, this is not Financial Advice. Paul and I
are giving you a breakdown of how we see the markets,
and there's narratives behind this. Many people would say, hey,
there's fundamentals on some of these projects, all those kind
of things. But I don't think the market cares about
fundamentals right now, Otherwise they'd be looking at the.

Speaker 1 (30:33):
Macro side of things.

Speaker 2 (30:34):
I think that they are spooked and we're dealing with
too many balls.

Speaker 1 (30:40):
In the air at one time.

Speaker 2 (30:41):
You've got China still in the air, the government shut
down still in the air, the crypto bill is in
the air. Everything is in the air, and we don't
have a lock on anything. And now you've got interest
rates in the air, which we thought we had a
lock on that, but no. So all of this definitely
goes into a riskier November. November up or down.

Speaker 3 (31:07):
I would say, up, all right, so we.

Speaker 2 (31:10):
Are bullish November from Paul coming in hot Listen, guys,
if you're not following data dashover on YouTube, make sure
and do that right here.

Speaker 1 (31:19):
Here is his place.

Speaker 2 (31:21):
I'm actually logged in on one of my other accounts,
so I'm gonna subscribe.

Speaker 1 (31:24):
For you right there.

Speaker 2 (31:25):
Bumping over five hundred and eleven thousand subscribers breaking down
Crypto the Guru himself. Thank you for coming in today.

Speaker 1 (31:35):
We appreciate it.

Speaker 3 (31:36):
Always a pleasure, Paul. You guys have a great day.

Speaker 2 (31:39):
Okay, you guys know what to do. Get into the
Diamond Circle. That's our own private group that's free to you,
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We'll catch you next time right here on The Paul
Baron Show.