WEBVTT
Kind: captions
Language: en
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All right, guys. Let's jump into whether
00:00:01.680 --> 00:00:04.309
or not this is the dip to buy. Crypto,
00:00:04.319 --> 00:00:05.670
of course, has been adjusting down.
00:00:05.680 --> 00:00:06.869
We're going to break it all out for you,
00:00:06.879 --> 00:00:09.110
and it's going to be with a good guest
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today. Before we get into it, I do want
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directly out in XRP. So click the link
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miss this one. It is an awesome one. All
00:01:05.280 --> 00:01:06.630
right, let's jump into it today. I want
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to welcome into the show Mr. Tim Warren
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coming in. How are you, Tim?
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>> Doing great. Good to be back on the
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show. Paul, how you been?
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>> Nice to see you. Nice to see you. Summer
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is almost here and we are ready to rock.
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>> The question is is how are the markets
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going to respond? I got a couple of
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tweets I want to show you and I want to
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get your opinion and I also have some
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tinfoil tin foil hat ideas
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>> that we'll throw past you as well. So,
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we'll get into that. We got a tweet here
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from Trump. Uh, and here it is right
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here. Gary Gendler and the anti-crypto
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army nearly destroyed the American
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crypto market. And of course he's
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talking by something that I don't know
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that anybody has ever seen before and
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that is this topic around crypto
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perpetuals. Trump is talking about
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literally listed out there perpetuals
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and innovation. So when you look at this
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and this is really kind of his first
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real statement saying hey we need the
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market structure bill to pass and future
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proof digital assets for you know for
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America. What's your percentage right
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now on um on clarity?
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>> Percentage on the passing.
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>> Yeah. Of passing.
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>> Yeah. I'm going to put it I don't think
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it's wise to ever say 100% for anything.
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So, let's go with like 90 to 95%.
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>> Whoa. Okay. All right.
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>> And my my reasoning for that is because
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of the investment from large
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institutions. Like we know that they've
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been the ones kind of going back and
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forth on things. Even think about the
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banks. Obviously, we just had a huge
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argument between the banks and the
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crypto firms that we always kind of had
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this feeling like there was some
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language details that need to be worked
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out. But, but the large banks, I'm not
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talking about your little local bank who
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maybe will get pushed out and crushed by
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crypto. We're talking about the JP
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Morgans and the Fidelities and all these
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other large banks, they they want crypto
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go through. They realize the writing's
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on the wall. If they want to exist as
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institutions in the finance world, they
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need to incre utilize cryptocurrency.
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>> Yeah. So, so what we've seen recently is
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billions of dollars of investments into
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infrastructure to prepare for a overhaul
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of utilizing crypto. They wouldn't have
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invested in that kind of stuff if they
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don't see it happening at least at some
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point this year or soon. So, I'm I'm
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because of the money they're spending,
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I'm very high on the clarity, but I do
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think they're going to make it very
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dramatic. I do think it's going to be a
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a whole event all the way until the
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final signing day.
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>> Well, okay. So, we agree on one thing
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and I think that is there's going to be
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a lot of drama.
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>> I'm much more lower in terms of the
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percentage to pass. I actually feel like
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this may get stalled out.
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>> I'm a little concerned that this is
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being thrown into a political pawn
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>> as we go into midterms. We we'll see. I
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mean, it's it really the timeline is is
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getting so tight. Uh it's difficult. But
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if you look at the other statements that
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he made, he literally said, "I will
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never let crypto down." This is this is
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crazy for the president of the United
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States to make that. And then, of
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course, you get Bitcoin and it dumps
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2,000 after after that tweet. So,
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>> yeah,
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>> what do what do the Bitcoin crowd know
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that uh maybe we don't when it comes to
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uh where the market is heading right
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now? So, we'll we'll see how that that
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plays out. Uh but hey, listen. You have
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um the concern right here and this is
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Lumis warning of a regulatory dark age
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if the Clarity Act stalls here. Here
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here's my theory. So if if it does stall
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and the administration tries to spin
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this in some way to possibly win a
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handful of seats in the midterms to try
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to retain the Senate because right now
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it's still kind of iffy on whether or
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not the Republicans retain the Senate. I
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guess the real question would be could
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they even pass it afterwards, you know?
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So
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>> Jake was talking about this. He says
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there's not much time, you know, to get
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it done. Uh it may seem quiet, but but
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right now it's when the work's supposed
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to get done. So he's and even he says
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easier said than done. Let's get into
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whether or not we got to buy the dip.
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Okay, so I want to play a clip. This is
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Mark Cudmore and he talks about is this
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the time to do it. Take a look.
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>> 100% that that the dip buyers come in. I
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I just think that that they must be uh
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almost out of momentum. You look at
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almost any way to value anything. You
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look at the the IPOs we got this year
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from SpaceX and Open AI. You just look
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at the earnings projections, everything
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is priced to extreme. So of course the
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dip buyers are going to come in. The
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problem is I just think that real
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economics is going to squeeze them. And
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the dynamic is now is that so much of
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the real economy actually depends on the
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wealth effect from this kind of booming
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stock market. So, the reason I I'm kind
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of transitioning from, you know, the two
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weeks ago kind of tactically a little
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bit more negative on markets, but
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thinking you'd ultimately buy this dip
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to not being convinced you'd buy the dip
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is that I think the conditions are now
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ripe for a negative spiral to start
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because the economy is only holding up
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in this K-shaped economy because enough
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consumers have a positive wealth effect
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from the the stock market booming. The
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stock market starts suffering then they
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start consuming less, the economic
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damage gets worse. that means we start
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trading that negative economic narrative
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a little bit more aggressively in the
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stock market. So I I now think we're
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getting close to that tipping point
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where we can start a negative spiral. I
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guess I'm still on the fence if this is
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the, you know, this is really the top,
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but I'm I'm now suddenly leaning that
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way as of yesterday when I wasn't
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before.
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>> All right, so he's leaning that way. I'm
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looking at the S&P chart right now.
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>> Uh this is the daily and dude, this is
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just straight up
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>> just Yeah. So, um I mean it's crazy.
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It's 7561 right now. We're on another
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green day which is continuing to break
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records. So, if this is the case, if
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we're at the top and we do see a full
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retracement, how do you think this
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affects the major assets, especially
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Bitcoin and ETH? If you chart Bitcoin
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right now,
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>> where do you feel like this falls if in
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fact Cudmore is right and we see a
00:07:07.199 --> 00:07:08.790
pullback?
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>> Yeah. Well, here's something we got to
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start off with that people have been
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talking about in the crypto community
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for years, and that is when will Bitcoin
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finally kind of separate from
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traditional risk assets and the stock
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market overall and do its own thing.
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>> I don't think this is the the way people
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want to see it happen because that's
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kind of what we're seeing happen, Paul.
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We're seeing a division and a split
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between traditional finance and crypto.
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The the gist is we wanted to see crypto
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go up and tradi go down. We're seeing
00:07:33.120 --> 00:07:35.670
tradi go up, crypto go down. But in the
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same in the same thought process though,
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I think it's going to be a perfect
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storm. I don't I don't think the
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bottom's in. I've been on your show
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before. I know I know people thought
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maybe I kind of look like an idiot here
00:07:44.479 --> 00:07:45.830
a couple weeks ago saying I don't think
00:07:45.840 --> 00:07:47.189
the bottoms in. I think the bottoms in
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and Bitcoin sitting here ripping above
00:07:48.880 --> 00:07:50.070
80K,
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>> but now I'm looking a little smarter
00:07:51.919 --> 00:07:53.830
with those claims as we're dropping back
00:07:53.840 --> 00:07:55.749
down towards 70,000.
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>> I think there's going to be a condition
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where I think the stock market could
00:07:58.560 --> 00:07:59.670
keep climbing a little bit and I think
00:07:59.680 --> 00:08:00.790
crypto could keep falling. I think
00:08:00.800 --> 00:08:02.309
Bitcoin is going to go down here below
00:08:02.319 --> 00:08:03.990
this support level. This is a very
00:08:04.000 --> 00:08:06.150
classic bearish trend with that rising
00:08:06.160 --> 00:08:08.629
resistance and rising support called a
00:08:08.639 --> 00:08:10.790
rising channel. Gets even worse when you
00:08:10.800 --> 00:08:12.390
connect it to that big negative move
00:08:12.400 --> 00:08:13.909
called a bare flag.
00:08:13.919 --> 00:08:16.230
>> I still have a mark and I I made this
00:08:16.240 --> 00:08:17.670
case I think on your channel as well,
00:08:17.680 --> 00:08:19.589
but on my channel several times now
00:08:19.599 --> 00:08:22.309
there's a lot of support at 53k and
00:08:22.319 --> 00:08:24.869
technically I could see even down to 48k
00:08:24.879 --> 00:08:27.270
staying within my realm of of what
00:08:27.280 --> 00:08:29.350
Bitcoin's capable of doing. Okay.
00:08:29.360 --> 00:08:30.790
>> But what what I think is going to happen
00:08:30.800 --> 00:08:32.630
is and I'm not going to predict this
00:08:32.640 --> 00:08:35.190
crash of the stock market that like the
00:08:35.200 --> 00:08:37.829
stock market has like a 30% pullback or
00:08:37.839 --> 00:08:38.389
something.
00:08:38.399 --> 00:08:40.709
>> But but like you just said, this is a
00:08:40.719 --> 00:08:42.630
ridiculously bullish chart
00:08:42.640 --> 00:08:44.470
>> that at some point needs some form of
00:08:44.480 --> 00:08:46.470
let's just call it a healthy correction.
00:08:46.480 --> 00:08:48.630
Let's not even call it a crash or a bare
00:08:48.640 --> 00:08:50.389
market, just a healthy correction. And
00:08:50.399 --> 00:08:51.670
so people are going to take profit from
00:08:51.680 --> 00:08:53.030
the spy. They're going to take profit
00:08:53.040 --> 00:08:54.949
from the AI space that's booming. and
00:08:54.959 --> 00:08:56.389
and they're going to say, "Where's the
00:08:56.399 --> 00:08:59.910
next asset class that has a lot of
00:08:59.920 --> 00:09:01.430
excitement about the future, but it's
00:09:01.440 --> 00:09:03.910
underpriced?" Go no further than looking
00:09:03.920 --> 00:09:05.990
at the entire crypto space. Just look at
00:09:06.000 --> 00:09:07.430
crypto and what's happening right now,
00:09:07.440 --> 00:09:09.590
and you're going to find exciting
00:09:09.600 --> 00:09:12.470
technology, ridiculously oversold, and
00:09:12.480 --> 00:09:14.470
it's going to be ripe for buying in. By
00:09:14.480 --> 00:09:15.750
the way, when you look at onchain
00:09:15.760 --> 00:09:16.790
metrics, I know a lot of people just
00:09:16.800 --> 00:09:18.150
look at price charts and they pay
00:09:18.160 --> 00:09:22.070
attention to um sentiment. Uh watch what
00:09:22.080 --> 00:09:23.910
whales are doing. Watch the amount of
00:09:23.920 --> 00:09:25.750
accounts that hold X amount of Bitcoin
00:09:25.760 --> 00:09:27.509
or X amount of Ethereum or X amount of
00:09:27.519 --> 00:09:29.590
Chain Link. They're growing. The larger
00:09:29.600 --> 00:09:32.070
whale accounts are growing and outflows
00:09:32.080 --> 00:09:33.750
from exchanges are starting to increase,
00:09:33.760 --> 00:09:35.430
which is people putting money into cold
00:09:35.440 --> 00:09:37.829
storage. This often happens not at the
00:09:37.839 --> 00:09:40.470
exact bottom, but close to the bottom.
00:09:40.480 --> 00:09:41.829
And I think that that's I think we're
00:09:41.839 --> 00:09:43.829
starting to see the signs that wealthy
00:09:43.839 --> 00:09:46.470
people are accumulating crypto and they
00:09:46.480 --> 00:09:49.590
know the time's coming soon. Now, on the
00:09:49.600 --> 00:09:51.269
charts, I don't think the bottom's in.
00:09:51.279 --> 00:09:52.710
And one of the biggest reasons why is
00:09:52.720 --> 00:09:54.870
because the daily bullish divergence is
00:09:54.880 --> 00:09:56.470
not in play yet. We've never had a
00:09:56.480 --> 00:09:59.110
bearish a bare market end without at
00:09:59.120 --> 00:10:00.870
least daily bullish divergence. If
00:10:00.880 --> 00:10:02.550
you're wondering what that is, that is
00:10:02.560 --> 00:10:05.590
when the price drops below the previous
00:10:05.600 --> 00:10:07.269
low. In this case, daily close was
00:10:07.279 --> 00:10:09.430
around 62,200.
00:10:09.440 --> 00:10:11.829
We need the daily candle to close below
00:10:11.839 --> 00:10:13.590
62,200.
00:10:13.600 --> 00:10:15.670
We need the RSI to stay above this low
00:10:15.680 --> 00:10:17.829
back here at 16. And that'll be the
00:10:17.839 --> 00:10:19.829
daily bullish divergence. Very easy to
00:10:19.839 --> 00:10:21.829
do from here. And and like I said, I I
00:10:21.839 --> 00:10:23.750
think people have their cases between
00:10:23.760 --> 00:10:25.990
I've heard some people be as of the camp
00:10:26.000 --> 00:10:28.150
that says sub 60k needs to come. I've
00:10:28.160 --> 00:10:30.230
heard people as high as 58 saying 58 is
00:10:30.240 --> 00:10:32.069
all we need to do. I'm sitting in the
00:10:32.079 --> 00:10:34.470
middle around 53 is my I think just a
00:10:34.480 --> 00:10:37.350
confluence of support. I've I've heard a
00:10:37.360 --> 00:10:40.069
very good case though for 48k to be the
00:10:40.079 --> 00:10:41.350
level that Bitcoin needs to drop.
00:10:41.360 --> 00:10:43.269
>> Interesting. Uh I'm sure you've been
00:10:43.279 --> 00:10:45.590
watching what's going on with Ethereum.
00:10:45.600 --> 00:10:47.190
>> Uh this of course is the Bankless guys.
00:10:47.200 --> 00:10:49.430
That's David Hoffman. him claiming that
00:10:49.440 --> 00:10:52.150
he sold all of his ETH and he had to he
00:10:52.160 --> 00:10:53.590
got so much push back that he had to put
00:10:53.600 --> 00:10:55.590
out a community statement and then wrote
00:10:55.600 --> 00:10:57.829
a fulllengthy article about this. I
00:10:57.839 --> 00:10:59.750
invite everybody to go read it if you're
00:10:59.760 --> 00:11:01.750
an ETH maxi or you've purchased ETH
00:11:01.760 --> 00:11:04.790
before. Uh these Banklist I would say is
00:11:04.800 --> 00:11:08.949
one of the core media groups out there
00:11:08.959 --> 00:11:11.430
that have been in support of Ethereum in
00:11:11.440 --> 00:11:14.389
general. when you look at ETH as it is
00:11:14.399 --> 00:11:16.470
because I think people are are just now
00:11:16.480 --> 00:11:18.470
looking at hey ETH is you know the
00:11:18.480 --> 00:11:20.470
narrative is gone and the it's no longer
00:11:20.480 --> 00:11:22.870
money there's the arguments are you know
00:11:22.880 --> 00:11:24.790
proliferating typically around the
00:11:24.800 --> 00:11:27.430
bottom like it has before
00:11:27.440 --> 00:11:29.190
>> where would you put ETH on the chart
00:11:29.200 --> 00:11:33.750
right now in comparison to your 48k to
00:11:33.760 --> 00:11:36.230
53k Bitcoin
00:11:36.240 --> 00:11:37.829
>> yeah when I take a look at the ETH chart
00:11:37.839 --> 00:11:40.310
I mean this is one of the the I don't
00:11:40.320 --> 00:11:41.910
want to say more bearish
00:11:41.920 --> 00:11:44.150
less bullish charts of the crypto space
00:11:44.160 --> 00:11:46.470
here. Uh we we were in a similar channel
00:11:46.480 --> 00:11:48.230
to Bitcoin, but when you have
00:11:48.240 --> 00:11:49.350
constriction like this, this is more of
00:11:49.360 --> 00:11:51.030
what we call a rising wedge pattern.
00:11:51.040 --> 00:11:51.590
>> Okay,
00:11:51.600 --> 00:11:53.269
>> you can see here and I know some people
00:11:53.279 --> 00:11:54.310
have different trend lines. This is my
00:11:54.320 --> 00:11:55.509
trend line I have drawn. It connects
00:11:55.519 --> 00:11:56.870
with these three support levels quite
00:11:56.880 --> 00:11:59.110
well. We lost that support level here
00:11:59.120 --> 00:12:01.030
about a week and some change ago. We
00:12:01.040 --> 00:12:02.470
came back up. If I zoom in, let's go to
00:12:02.480 --> 00:12:03.910
the 4 hour chart so you can see this. We
00:12:03.920 --> 00:12:05.430
came back up and pretty much treated it
00:12:05.440 --> 00:12:08.069
like resistance. So pretty strong uh
00:12:08.079 --> 00:12:10.389
bearish move right there. This right
00:12:10.399 --> 00:12:13.350
here suggests to me um in this wedge
00:12:13.360 --> 00:12:15.030
pattern, again, it gets worse if I call
00:12:15.040 --> 00:12:16.310
this a bare flag, but let's just start
00:12:16.320 --> 00:12:18.069
with a conservative kind of approach
00:12:18.079 --> 00:12:20.150
here. I I would take a look here and say
00:12:20.160 --> 00:12:22.470
the prediction for this move comes right
00:12:22.480 --> 00:12:24.389
back down to a massive support level
00:12:24.399 --> 00:12:28.389
somewhere here around 1650 1648 roughly
00:12:28.399 --> 00:12:30.710
is the area to watch there. When I zoom
00:12:30.720 --> 00:12:33.110
out, you'll see this is a long-term
00:12:33.120 --> 00:12:35.030
support trend line going back to the
00:12:35.040 --> 00:12:37.670
June 2022 lows, right? So, we've been in
00:12:37.680 --> 00:12:39.670
this channel for a long term on Ethereum
00:12:39.680 --> 00:12:41.590
as well. I think it's very realistic at
00:12:41.600 --> 00:12:43.750
this point for ETH to drop down there.
00:12:43.760 --> 00:12:45.670
Uh, if the bare flag part of it plays
00:12:45.680 --> 00:12:47.829
out, we're talking about $1,200. I think
00:12:47.839 --> 00:12:48.949
I've said this on the show here long
00:12:48.959 --> 00:12:50.949
before as well. If we lose this support
00:12:50.959 --> 00:12:54.150
level, I think some people say 1,400. I
00:12:54.160 --> 00:12:55.269
think you skip that. I think you're
00:12:55.279 --> 00:12:56.790
playing out the bare flag. We're looking
00:12:56.800 --> 00:13:00.470
at $1,200. Um, so but it's it is one of
00:13:00.480 --> 00:13:02.230
those things, Paul. I'll say this that a
00:13:02.240 --> 00:13:03.990
lot of people
00:13:04.000 --> 00:13:06.550
a lot of people look at charts
00:13:06.560 --> 00:13:08.470
and they they try to drive some sort of
00:13:08.480 --> 00:13:10.069
long-term narrative and they say, "Okay,
00:13:10.079 --> 00:13:11.590
Ethereum is dead. It's just not
00:13:11.600 --> 00:13:13.829
performing well." And yet, to my
00:13:13.839 --> 00:13:14.949
knowledge, and I know you read that
00:13:14.959 --> 00:13:16.710
story that one supporter of Ethereum has
00:13:16.720 --> 00:13:17.990
kind of sold all their Ethereum, but
00:13:18.000 --> 00:13:19.590
other big ones are coming in. It is
00:13:19.600 --> 00:13:22.310
still an institutional favorite at this
00:13:22.320 --> 00:13:23.910
point. I know Black Rockck really likes
00:13:23.920 --> 00:13:26.230
it. I know that, you know, Mark Cuban
00:13:26.240 --> 00:13:27.910
just made a big deal about dumping a lot
00:13:27.920 --> 00:13:29.750
of Bitcoin because he's doubling down on
00:13:29.760 --> 00:13:32.710
Ethereum. Um, so until I start to see
00:13:32.720 --> 00:13:34.790
bigger bigger bigger waves happen that
00:13:34.800 --> 00:13:36.230
actually show me the fundamentals of
00:13:36.240 --> 00:13:38.230
Ethereum are dead. We we people have
00:13:38.240 --> 00:13:39.910
made this mistake before. At one point
00:13:39.920 --> 00:13:41.670
people said XRP was dead because the
00:13:41.680 --> 00:13:43.269
price action wasn't doing anything. And
00:13:43.279 --> 00:13:44.949
we know that was false. Remember when
00:13:44.959 --> 00:13:46.230
people thought Solana was dead because
00:13:46.240 --> 00:13:47.509
the price action wasn't doing anything.
00:13:47.519 --> 00:13:48.870
And now Solana is the coin that
00:13:48.880 --> 00:13:50.470
everyone's saying is the reason why
00:13:50.480 --> 00:13:52.470
Ethereum is going to die. But literally
00:13:52.480 --> 00:13:54.790
three years ago it was a dead coin,
00:13:54.800 --> 00:13:57.110
right? So, I I I try not to get too
00:13:57.120 --> 00:13:59.590
emotional too fast just cuz price action
00:13:59.600 --> 00:14:02.230
looks bad because it doesn't tell the
00:14:02.240 --> 00:14:03.590
full story. There still is a lot of
00:14:03.600 --> 00:14:06.790
fundamental long-term support, but from
00:14:06.800 --> 00:14:08.870
a technical standpoint, I have buy
00:14:08.880 --> 00:14:10.790
signals down at 1,600 and if those lose,
00:14:10.800 --> 00:14:13.189
I'll order more down at 1,200 is my next
00:14:13.199 --> 00:14:13.990
cut for Ethereum.
00:14:14.000 --> 00:14:16.230
>> Yeah. So, buying the dip for sure.
00:14:16.240 --> 00:14:18.870
Jumping over to you speak of Salana um
00:14:18.880 --> 00:14:21.829
of course everybody's tagging per now
00:14:21.839 --> 00:14:24.710
>> and if you guys don't know uh Salana
00:14:24.720 --> 00:14:27.350
grabbed up the pers handle on X
00:14:27.360 --> 00:14:29.110
>> for a big reason obviously they are
00:14:29.120 --> 00:14:32.069
going head-to-head with Hyperlid and we
00:14:32.079 --> 00:14:33.670
could see a lot of activity I mean you
00:14:33.680 --> 00:14:35.910
look at JTX you look at what's happening
00:14:35.920 --> 00:14:39.030
with Jupiter this could be a pretty
00:14:39.040 --> 00:14:41.110
accelerated opportunity for them to take
00:14:41.120 --> 00:14:43.829
on Hyperlid if you're looking at Salana
00:14:43.839 --> 00:14:46.230
right now where would be a good place,
00:14:46.240 --> 00:14:49.829
Tim, for me, not our audience, but for
00:14:49.839 --> 00:14:52.470
me, you're you're coaching Paul now.
00:14:52.480 --> 00:14:52.949
>> Yeah.
00:14:52.959 --> 00:14:56.310
>> Where do I buy my next bag of Salana?
00:14:56.320 --> 00:14:59.430
>> Yeah, I would say your next DCA should
00:14:59.440 --> 00:15:01.269
probably be somewhere in this green box
00:15:01.279 --> 00:15:04.629
area. North end around 7840, low end
00:15:04.639 --> 00:15:06.949
around 7572. So, this is a support box
00:15:06.959 --> 00:15:08.870
we've been in since back in February.
00:15:08.880 --> 00:15:10.230
And you can see here we've just been
00:15:10.240 --> 00:15:11.670
bouncing back and forth. Couple outliers
00:15:11.680 --> 00:15:13.430
above resistance, but we keep finding
00:15:13.440 --> 00:15:15.509
support in this green box. Yeah, problem
00:15:15.519 --> 00:15:17.590
again is this is a sideways channel
00:15:17.600 --> 00:15:19.430
connected to a big move down. So you
00:15:19.440 --> 00:15:20.790
could easily call this a bare flag as
00:15:20.800 --> 00:15:22.550
well. There's two marks I'm looking at.
00:15:22.560 --> 00:15:24.710
So I have longerterm buy signals. So I
00:15:24.720 --> 00:15:27.590
think a good DCA spot 77 because just in
00:15:27.600 --> 00:15:29.590
case, right? I always have the just in
00:15:29.600 --> 00:15:31.509
case I'm wrong, I want to make sure I'm
00:15:31.519 --> 00:15:33.030
locked in because I think we're closer
00:15:33.040 --> 00:15:35.189
to the bottom than the top. But
00:15:35.199 --> 00:15:38.069
realistically, if Bitcoin's going sub
00:15:38.079 --> 00:15:41.670
60K, if Ethereum's going to,600,
00:15:41.680 --> 00:15:44.629
Solana's probably going closer to 60 and
00:15:44.639 --> 00:15:46.389
the disaster scenario for me is closer
00:15:46.399 --> 00:15:47.990
to 50. Like I would almost say, let's
00:15:48.000 --> 00:15:50.470
compare it to Bitcoin. If if Bitcoin
00:15:50.480 --> 00:15:53.269
makes it to like 53, Salana's probably
00:15:53.279 --> 00:15:56.870
at $60. If Bitcoin goes to like 48,
00:15:56.880 --> 00:15:58.870
Salana's probably at $50.
00:15:58.880 --> 00:16:01.990
>> Okay. All right. So Salana at 50 uh
00:16:02.000 --> 00:16:04.150
would be the case at least on the bare
00:16:04.160 --> 00:16:05.829
side of this if we do see the kind of
00:16:05.839 --> 00:16:07.189
numbers that you're talking about which
00:16:07.199 --> 00:16:10.310
is pretty significant. Um all right so
00:16:10.320 --> 00:16:13.110
beyond Salana let's just jump over to
00:16:13.120 --> 00:16:14.710
hype I want to kind of go to this tweet
00:16:14.720 --> 00:16:16.389
here by Matt Hogan.
00:16:16.399 --> 00:16:18.629
>> Um having done it a few times I can say
00:16:18.639 --> 00:16:20.790
discussing hyperlquid with financial
00:16:20.800 --> 00:16:23.990
advisors is magic. I've got a clip here
00:16:24.000 --> 00:16:25.670
from the rollup. They were talking about
00:16:25.680 --> 00:16:28.389
this also talking about the easiest
00:16:28.399 --> 00:16:29.670
sales pitch. And then I want to ask you
00:16:29.680 --> 00:16:31.350
a question after this. Let's play this
00:16:31.360 --> 00:16:32.069
clip.
00:16:32.079 --> 00:16:34.150
>> This thing has a billion dollars or more
00:16:34.160 --> 00:16:35.990
of free cash flows and it's going back
00:16:36.000 --> 00:16:37.829
to buy the tokens. Like when I talk to
00:16:37.839 --> 00:16:39.670
institutional investors, all I have to
00:16:39.680 --> 00:16:41.350
say is that in the same way that the
00:16:41.360 --> 00:16:43.110
Ethereum Foundation is like looking for
00:16:43.120 --> 00:16:45.749
Tom Lee and some of these other DATs to
00:16:45.759 --> 00:16:49.189
like go be their institutional BD, these
00:16:49.199 --> 00:16:51.670
Hypqulid ETFs just unlock this next wave
00:16:51.680 --> 00:16:54.550
of incentive aligned
00:16:54.560 --> 00:16:57.430
Wall Street salesmen. like it's just
00:16:57.440 --> 00:16:59.990
it's exactly what we needed to get this
00:17:00.000 --> 00:17:02.550
thing to allocators and to make this
00:17:02.560 --> 00:17:03.990
pitch kind of go global.
00:17:04.000 --> 00:17:06.309
>> The token is the product. The Hyperlquid
00:17:06.319 --> 00:17:08.390
team is not paying for a thing. Not for
00:17:08.400 --> 00:17:10.630
marketing, not for market makers, not
00:17:10.640 --> 00:17:13.429
for listings, not for ETFs. They're not
00:17:13.439 --> 00:17:15.350
paying for a thing. Matt took it upon
00:17:15.360 --> 00:17:18.309
himself and upon him upon himself and on
00:17:18.319 --> 00:17:20.630
behalf of Bitwise to go out find the
00:17:20.640 --> 00:17:22.309
asset that is going to help his
00:17:22.319 --> 00:17:23.990
customers. Most people think it's a
00:17:24.000 --> 00:17:26.069
crypto app targeting the $3 trillion
00:17:26.079 --> 00:17:28.230
crypto market. It's a super app
00:17:28.240 --> 00:17:30.789
targeting the $600 trillion global asset
00:17:30.799 --> 00:17:33.750
market. And that's why it's so exciting.
00:17:33.760 --> 00:17:36.630
If it were just doing crypto futures,
00:17:36.640 --> 00:17:38.870
it'd be just about tapped out,
00:17:38.880 --> 00:17:41.110
>> but it has barely penetrated into the
00:17:41.120 --> 00:17:42.549
rest of all assets, which is actually
00:17:42.559 --> 00:17:44.710
the market it's going after.
00:17:44.720 --> 00:17:47.430
>> So remember, Matt's got a, you know, a
00:17:47.440 --> 00:17:49.430
dog in the hump. He's got a hyperlquid
00:17:49.440 --> 00:17:51.510
fund out there. He's very happy about
00:17:51.520 --> 00:17:53.750
it. Uh there's been a lot of talk about
00:17:53.760 --> 00:17:55.830
Hyperlid just mainly because of what
00:17:55.840 --> 00:17:57.270
it's been doing over the past six
00:17:57.280 --> 00:18:00.549
months. Where would you put Hyperliquid
00:18:00.559 --> 00:18:02.470
right now? Do you think this is due for
00:18:02.480 --> 00:18:04.070
a pullback or do you think this is just
00:18:04.080 --> 00:18:05.830
the beginning of a super cycle because
00:18:05.840 --> 00:18:07.990
of perpetuals
00:18:08.000 --> 00:18:10.470
is hard because hype is is running off
00:18:10.480 --> 00:18:13.350
so much sentiment right now and and pump
00:18:13.360 --> 00:18:15.350
what I would call pumpamentals. But when
00:18:15.360 --> 00:18:17.190
I take a look at it and I look at my
00:18:17.200 --> 00:18:19.590
indicators in this case, uh I'm going to
00:18:19.600 --> 00:18:21.909
quickly look at my neurow indicator. We
00:18:21.919 --> 00:18:24.549
have red reversal, bearish a bearish
00:18:24.559 --> 00:18:26.150
momentum dot and negative money flow.
00:18:26.160 --> 00:18:27.270
This is on the daily chart, by the way.
00:18:27.280 --> 00:18:29.350
So this that's a that's a decent daily
00:18:29.360 --> 00:18:32.150
sell signal. Doesn't promise me a a
00:18:32.160 --> 00:18:34.310
colossal crash, but these previous ones
00:18:34.320 --> 00:18:36.789
we've had have had decent pullbacks.
00:18:36.799 --> 00:18:38.630
Let's let's call them decent pullbacks.
00:18:38.640 --> 00:18:40.310
Um, now here's where I'll say the pump
00:18:40.320 --> 00:18:42.150
of metals kind of come in because this
00:18:42.160 --> 00:18:44.870
rising wedge pattern 70% of the time
00:18:44.880 --> 00:18:46.470
we're going to get a bearish breakout
00:18:46.480 --> 00:18:48.310
and it ended up pumping to the upside
00:18:48.320 --> 00:18:50.470
instead. Why? Because the sentiment is
00:18:50.480 --> 00:18:52.390
so good. The fundamentals are so good.
00:18:52.400 --> 00:18:54.470
Um, so it's it's hard to bet against
00:18:54.480 --> 00:18:57.590
hype. Where I would what I would turn
00:18:57.600 --> 00:18:59.270
bearish on it, like I'm bullish on hype
00:18:59.280 --> 00:19:00.950
right now. Where I would turn bearish is
00:19:00.960 --> 00:19:03.990
if we come up with a weekly sell signal.
00:19:04.000 --> 00:19:06.630
And right now I'm just not seeing that
00:19:06.640 --> 00:19:07.990
necessarily play out. It looks like we
00:19:08.000 --> 00:19:09.350
just got back up here. We don't have
00:19:09.360 --> 00:19:11.590
bearish divergence on the weekly chart.
00:19:11.600 --> 00:19:14.630
Um, I think it's I think it's unwise to
00:19:14.640 --> 00:19:18.070
enter long-term shorts just yet on hype,
00:19:18.080 --> 00:19:19.990
but it could get there. I want to let me
00:19:20.000 --> 00:19:21.029
actually take a look here real quick
00:19:21.039 --> 00:19:22.070
with you. I actually haven't checked
00:19:22.080 --> 00:19:24.070
this out. Yeah, we don't we have those
00:19:24.080 --> 00:19:25.909
daily sell signals. We don't even
00:19:25.919 --> 00:19:27.750
officially have a two-day sell signal
00:19:27.760 --> 00:19:28.870
yet. It's close. It looks like the
00:19:28.880 --> 00:19:30.390
two-day is about to happen, but if we
00:19:30.400 --> 00:19:31.990
don't even have the two-day, it might
00:19:32.000 --> 00:19:33.350
take a couple of weeks for the weekly
00:19:33.360 --> 00:19:35.270
prints off on us. Um, where I'm looking
00:19:35.280 --> 00:19:36.870
though is with the daily Celsius signal
00:19:36.880 --> 00:19:38.549
being in here and you'll find probably
00:19:38.559 --> 00:19:40.470
find some bare stuff down below. I told
00:19:40.480 --> 00:19:41.909
our community two levels that I was
00:19:41.919 --> 00:19:43.909
keeping an eye on. The first one we just
00:19:43.919 --> 00:19:45.669
bounced here pretty much yesterday
00:19:45.679 --> 00:19:48.150
around 56. The other one back down
00:19:48.160 --> 00:19:49.510
towards this red line if I were to
00:19:49.520 --> 00:19:52.549
extend this out uh around 5352
00:19:52.559 --> 00:19:54.310
is the next area I would look for. And
00:19:54.320 --> 00:19:55.590
then what you're looking for at those
00:19:55.600 --> 00:19:57.430
levels, and by the way, we're getting it
00:19:57.440 --> 00:19:59.270
here today. As we hit my first level
00:19:59.280 --> 00:20:01.510
here at 56, the 4hour chart, now you're
00:20:01.520 --> 00:20:03.190
seeing some buys starting to sweep back
00:20:03.200 --> 00:20:05.270
in for short-term scalping. That's not a
00:20:05.280 --> 00:20:07.669
long-term chart, but um that's what I'm
00:20:07.679 --> 00:20:09.430
saying right there is is it's clearly in
00:20:09.440 --> 00:20:11.110
a bull trend. Higher highs and higher
00:20:11.120 --> 00:20:13.190
lows. Um we do have a sell signal on the
00:20:13.200 --> 00:20:14.710
daily chart, but not up on the weekly
00:20:14.720 --> 00:20:16.870
chart. And in a bullish trend, sell
00:20:16.880 --> 00:20:18.390
signals are are just healthy
00:20:18.400 --> 00:20:19.909
corrections, healthy pullbacks. They
00:20:19.919 --> 00:20:21.990
don't bring lower lows and lower highs,
00:20:22.000 --> 00:20:24.549
guaranteed. weekly sell signals. That
00:20:24.559 --> 00:20:25.909
would be a different call. That would be
00:20:25.919 --> 00:20:26.870
something I would take a lot more
00:20:26.880 --> 00:20:27.590
seriously.
00:20:27.600 --> 00:20:29.350
>> It's really the winning chart right now
00:20:29.360 --> 00:20:31.270
in crypto. I would say it's the darling
00:20:31.280 --> 00:20:32.070
of it.
00:20:32.080 --> 00:20:35.430
>> If it's barely penetrated, where where
00:20:35.440 --> 00:20:38.149
is Hyperlid going to go if Per gets
00:20:38.159 --> 00:20:42.310
fully released within Clarity or at
00:20:42.320 --> 00:20:45.029
least the SEC kind of getting in a
00:20:45.039 --> 00:20:46.070
position where they're going to let this
00:20:46.080 --> 00:20:48.310
go through? What would what would be
00:20:48.320 --> 00:20:51.510
your your bullcase for he hype? Let's go
00:20:51.520 --> 00:20:53.590
with a bull case and a bear or a base
00:20:53.600 --> 00:20:56.070
case for Hyperliquid.
00:20:56.080 --> 00:20:59.350
>> Very man, that's a hard one. Um, I
00:20:59.360 --> 00:21:00.470
haven't I haven't thought about the
00:21:00.480 --> 00:21:01.909
long-term perspective there. I'd have to
00:21:01.919 --> 00:21:03.669
look at some market cap stuff and do
00:21:03.679 --> 00:21:06.549
some analysis on that one. I did say to
00:21:06.559 --> 00:21:08.549
my community that until the bare until
00:21:08.559 --> 00:21:10.710
we confirm a sell on the weekly chart,
00:21:10.720 --> 00:21:12.230
my target would be back up towards a
00:21:12.240 --> 00:21:14.870
trend of resistance towards almost $80
00:21:14.880 --> 00:21:15.990
79. Okay.
00:21:16.000 --> 00:21:17.430
>> 7950 give or take.
00:21:17.440 --> 00:21:18.789
>> All right. So, let's jump over to Ando
00:21:18.799 --> 00:21:20.789
real quick. Uh you had the founder of
00:21:20.799 --> 00:21:22.470
Ando, Nathan Almond, he passed away at
00:21:22.480 --> 00:21:24.070
the age of 32.
00:21:24.080 --> 00:21:24.549
>> Yeah.
00:21:24.559 --> 00:21:26.630
>> Uh ando
00:21:26.640 --> 00:21:29.830
gets dumped. Um this is pretty sad
00:21:29.840 --> 00:21:31.270
because we we actually were going to
00:21:31.280 --> 00:21:33.350
have the Ando team on before this
00:21:33.360 --> 00:21:36.070
happened and when the terrible news hit,
00:21:36.080 --> 00:21:39.430
of course gets nailed. Um do you think
00:21:39.440 --> 00:21:42.630
this is just the community kind of in a
00:21:42.640 --> 00:21:45.110
position of god this is terrible for a
00:21:45.120 --> 00:21:46.950
chain when you have a major founder in
00:21:46.960 --> 00:21:48.710
there? Do you think it can can bounce
00:21:48.720 --> 00:21:50.870
back as an asset?
00:21:50.880 --> 00:21:52.149
>> Well, let's start off with the fact that
00:21:52.159 --> 00:21:54.149
it's not really collapsing that hard at
00:21:54.159 --> 00:21:55.909
the moment. I mean, you can say it's
00:21:55.919 --> 00:21:57.430
down from where it was the other day and
00:21:57.440 --> 00:21:59.270
and you zoom in here, but all things
00:21:59.280 --> 00:22:00.789
considered compared to the rest of the
00:22:00.799 --> 00:22:02.549
crypto space. It's actually technically
00:22:02.559 --> 00:22:04.950
still in a bullish trend. Yeah, I I had
00:22:04.960 --> 00:22:06.789
a support level that I actually had this
00:22:06.799 --> 00:22:08.549
level back up here when we first crossed
00:22:08.559 --> 00:22:11.350
above like 47 almost 48 cents uh back
00:22:11.360 --> 00:22:14.070
here in on May 9th. I said, "Okay, line
00:22:14.080 --> 00:22:16.070
in the sand support-wise right now, this
00:22:16.080 --> 00:22:17.909
yellow line right here, 33 cents. If we
00:22:17.919 --> 00:22:20.470
can maintain above 33 cents, there's no
00:22:20.480 --> 00:22:22.390
reason to be freaking out about." And
00:22:22.400 --> 00:22:24.070
you can see, sure enough, we bounced
00:22:24.080 --> 00:22:25.909
almost perfectly on the line I had
00:22:25.919 --> 00:22:27.590
drawn. Now, we came up and put in a
00:22:27.600 --> 00:22:29.830
slightly lower high. So, I'm interested
00:22:29.840 --> 00:22:31.190
to see what this looks like going
00:22:31.200 --> 00:22:32.789
forward, but we're still above this
00:22:32.799 --> 00:22:34.870
level overall. So, I'm not freaking out
00:22:34.880 --> 00:22:36.710
about just yet. If there was this real
00:22:36.720 --> 00:22:38.789
panic, then I think it would be dropping
00:22:38.799 --> 00:22:40.870
a lot faster, more furiously than it is
00:22:40.880 --> 00:22:42.390
now. If it starts to lose some
00:22:42.400 --> 00:22:44.390
partnerships, if some of the people that
00:22:44.400 --> 00:22:46.070
have have worked with it start to say,
00:22:46.080 --> 00:22:47.029
you know, we want to work with a
00:22:47.039 --> 00:22:48.789
different real world asset project
00:22:48.799 --> 00:22:50.710
instead, then I would start to be
00:22:50.720 --> 00:22:52.149
concerned about Ando.
00:22:52.159 --> 00:22:52.470
>> Yeah.
00:22:52.480 --> 00:22:55.190
>> Um, what I'm what I'll say about the the
00:22:55.200 --> 00:22:58.390
the very tragic and sad news of Almond
00:22:58.400 --> 00:22:59.830
is
00:22:59.840 --> 00:23:03.029
>> it looks or appears like he built a team
00:23:03.039 --> 00:23:04.310
that even though he might have been a
00:23:04.320 --> 00:23:05.590
lot of the brain behind the operations,
00:23:05.600 --> 00:23:06.789
he had a good team around him who's
00:23:06.799 --> 00:23:08.390
going to be able to continue to do what
00:23:08.400 --> 00:23:11.110
he first thought would happen. So, I I'm
00:23:11.120 --> 00:23:12.950
going to I'm going to default to trust
00:23:12.960 --> 00:23:15.350
in the team he leaves behind. To say is
00:23:15.360 --> 00:23:16.630
still special. They still have all these
00:23:16.640 --> 00:23:18.149
relationships. I still think they can do
00:23:18.159 --> 00:23:19.110
well.
00:23:19.120 --> 00:23:20.630
>> If it starts to go south though with
00:23:20.640 --> 00:23:22.310
those partnerships, I'll change my mind.
00:23:22.320 --> 00:23:24.710
Uh the sad news about the the the death
00:23:24.720 --> 00:23:26.310
though, I I will say, and I told our
00:23:26.320 --> 00:23:27.510
community this, and I'm not going to say
00:23:27.520 --> 00:23:28.630
it on the channel because I don't want
00:23:28.640 --> 00:23:30.549
YouTube to get problems. But if there
00:23:30.559 --> 00:23:32.549
was a if it was a car accident or a
00:23:32.559 --> 00:23:33.830
health related thing, they usually tell
00:23:33.840 --> 00:23:35.830
people it was a tragic accident they
00:23:35.840 --> 00:23:37.990
tell people. There's two types of deaths
00:23:38.000 --> 00:23:40.230
that they usually don't release details
00:23:40.240 --> 00:23:41.669
on. And I'll let people kind of think
00:23:41.679 --> 00:23:43.029
for themselves what those two types of
00:23:43.039 --> 00:23:44.950
deaths are. So it will be interesting
00:23:44.960 --> 00:23:48.149
even on that note what comes out
00:23:48.159 --> 00:23:49.909
if it ever comes out. I think my my one
00:23:49.919 --> 00:23:51.669
of my business partners is telling me
00:23:51.679 --> 00:23:53.830
some people remember Plume's founder
00:23:53.840 --> 00:23:55.990
died last year and we still don't know
00:23:56.000 --> 00:23:59.270
exactly why he died. So, uh, will we
00:23:59.280 --> 00:24:01.029
ever find out? I don't know. But at the
00:24:01.039 --> 00:24:03.590
moment, back to the price action itself,
00:24:03.600 --> 00:24:05.110
I'm going to continue to trust Ono and
00:24:05.120 --> 00:24:06.950
the Ono team until they give me a good
00:24:06.960 --> 00:24:08.789
reason not to.
00:24:08.799 --> 00:24:11.750
>> Let's take a look at Okay, so um, when
00:24:11.760 --> 00:24:14.710
you think about where Andondo is as a a
00:24:14.720 --> 00:24:16.630
token, you look at really the innovation
00:24:16.640 --> 00:24:18.789
that Ando has really brought forward,
00:24:18.799 --> 00:24:20.470
you kind of have to leap forward and go,
00:24:20.480 --> 00:24:23.590
all right, what other major innovations
00:24:23.600 --> 00:24:25.510
are underway out there? Because if you
00:24:25.520 --> 00:24:27.669
you look at Agentic Trading, Robin Hood
00:24:27.679 --> 00:24:31.190
launched Agentic Trading uh and an
00:24:31.200 --> 00:24:33.350
Agentic credit card. So, this is going
00:24:33.360 --> 00:24:36.470
to let AI agents uh basically to use
00:24:36.480 --> 00:24:38.149
Robin Hood through MCP servers. It's
00:24:38.159 --> 00:24:39.590
talking about it here in the tweet.
00:24:39.600 --> 00:24:41.110
You're going to have a Gentic trading as
00:24:41.120 --> 00:24:43.669
a separate account. So, you can utilize
00:24:43.679 --> 00:24:47.350
it there. I just wonder if Robin Hood
00:24:47.360 --> 00:24:50.470
has advanced fast enough, will would you
00:24:50.480 --> 00:24:52.230
allow this if I mean, you're a trader.
00:24:52.240 --> 00:24:54.789
Would you let Agentic Trading work in
00:24:54.799 --> 00:24:56.549
your account? Even if it was a separate
00:24:56.559 --> 00:24:57.350
account
00:24:57.360 --> 00:24:58.950
>> and you'd let it run.
00:24:58.960 --> 00:25:01.830
>> I I I will someday. I'm not trusting the
00:25:01.840 --> 00:25:03.909
first couple models. I still think at
00:25:03.919 --> 00:25:06.230
the moment a good human mind is a better
00:25:06.240 --> 00:25:09.190
trader than AI. Um that might not be the
00:25:09.200 --> 00:25:10.549
case long term. I don't know. We'll have
00:25:10.559 --> 00:25:12.310
to kind of see how this develops because
00:25:12.320 --> 00:25:13.590
the problem is once you start getting
00:25:13.600 --> 00:25:15.350
everything trading AI and all the
00:25:15.360 --> 00:25:17.029
algorithms are just working well now all
00:25:17.039 --> 00:25:18.070
of a sudden someone's going to create an
00:25:18.080 --> 00:25:19.909
algorithm to come in and disrupt the
00:25:19.919 --> 00:25:21.430
other algorithms so that they win and
00:25:21.440 --> 00:25:22.549
the others lose.
00:25:22.559 --> 00:25:23.750
>> So I think there's always going to be a
00:25:23.760 --> 00:25:24.789
time period. I think there's always
00:25:24.799 --> 00:25:27.190
going to be a way to say
00:25:27.200 --> 00:25:29.909
>> human brains this is what's so crazy
00:25:29.919 --> 00:25:33.430
Paul human brains are still scientists
00:25:33.440 --> 00:25:34.789
can't explain the way our brains work
00:25:34.799 --> 00:25:37.110
the way they work. AI is brilliant. I I
00:25:37.120 --> 00:25:38.789
incorporate AI into my work every single
00:25:38.799 --> 00:25:41.269
day, but it still is nothing compared to
00:25:41.279 --> 00:25:43.669
a human brain. So, as much as I'm
00:25:43.679 --> 00:25:45.590
excited about AI and and I want to
00:25:45.600 --> 00:25:47.909
incorporate it into my financial
00:25:47.919 --> 00:25:50.070
journey, I'm not going to just blindly
00:25:50.080 --> 00:25:51.750
trust it and turn off my human brain
00:25:51.760 --> 00:25:53.510
either. And I think going forward, it's
00:25:53.520 --> 00:25:55.350
going to be very important that people
00:25:55.360 --> 00:25:57.590
don't just default to AI for trading,
00:25:57.600 --> 00:25:59.750
default to AI for investing, and they
00:25:59.760 --> 00:26:01.430
still try to learn and process it all
00:26:01.440 --> 00:26:02.070
themselves.
00:26:02.080 --> 00:26:03.430
>> All right. Well, let's take a look at
00:26:03.440 --> 00:26:06.310
Robin Hood uh from a chart standpoint.
00:26:06.320 --> 00:26:08.950
because people will probably buy this
00:26:08.960 --> 00:26:10.630
>> in the sense of understanding that a
00:26:10.640 --> 00:26:12.470
gentic if you just stick a gentic on
00:26:12.480 --> 00:26:14.149
anything it feels like the chart goes
00:26:14.159 --> 00:26:15.430
up.
00:26:15.440 --> 00:26:17.029
>> Yeah, this is this is one of the assets
00:26:17.039 --> 00:26:18.230
actually in the stock world that I've
00:26:18.240 --> 00:26:20.230
been accumulating here uh since this
00:26:20.240 --> 00:26:21.909
correction down. You know, we had this
00:26:21.919 --> 00:26:24.070
call from from weeks ago at this point.
00:26:24.080 --> 00:26:25.510
I mean at months ago, excuse me,
00:26:25.520 --> 00:26:27.430
December, January, we talked about a big
00:26:27.440 --> 00:26:29.110
break to the downside. You guys can see
00:26:29.120 --> 00:26:31.510
here we had a a target that we had from,
00:26:31.520 --> 00:26:33.830
you know, way back in January hit just
00:26:33.840 --> 00:26:35.990
perfectly around 64. So, our our
00:26:36.000 --> 00:26:38.789
community has been accumulating um Robin
00:26:38.799 --> 00:26:42.149
Hood in this area right here between 64
00:26:42.159 --> 00:26:45.430
and roughly $76. So, uh as starting to
00:26:45.440 --> 00:26:46.870
go back up, I'm very glad. This is good
00:26:46.880 --> 00:26:49.029
for my portfolio. I knew it was about
00:26:49.039 --> 00:26:50.470
time, you know, I I've been tracking
00:26:50.480 --> 00:26:51.909
here that we were starting to get some
00:26:51.919 --> 00:26:54.950
buy signals coming back in uh on the on
00:26:54.960 --> 00:26:57.110
the daily chart. I think even the weekly
00:26:57.120 --> 00:26:58.950
chart, if I'm not wrong, yeah, the
00:26:58.960 --> 00:27:00.789
weekly chart recently had some really
00:27:00.799 --> 00:27:02.390
bullish stuff happen here. Fresh weekly
00:27:02.400 --> 00:27:04.710
buy signals. The MACD crossed bullish
00:27:04.720 --> 00:27:06.470
here recently. All very good signs for
00:27:06.480 --> 00:27:09.590
Hood. And and I don't dislike Bass. Like
00:27:09.600 --> 00:27:11.350
I I don't say what don't take what I'm
00:27:11.360 --> 00:27:12.710
about to say as being like nobody should
00:27:12.720 --> 00:27:15.190
invest in Coinbase or Co. I said Bass, I
00:27:15.200 --> 00:27:17.190
meant coin. No one should coin.
00:27:17.200 --> 00:27:19.029
>> But but I kind of came to a place when I
00:27:19.039 --> 00:27:20.470
was building my new portfolio with
00:27:20.480 --> 00:27:22.230
crypto and stocks. And I wanted to only
00:27:22.240 --> 00:27:23.590
choose five stocks for this new
00:27:23.600 --> 00:27:26.470
portfolio. And it came down to Shyo Coin
00:27:26.480 --> 00:27:28.710
or Hood.
00:27:28.720 --> 00:27:30.950
After all of the TA and the data I was
00:27:30.960 --> 00:27:32.230
going through, I just I came to
00:27:32.240 --> 00:27:33.830
conclusion I think that Hood is the
00:27:33.840 --> 00:27:35.990
better play than Coin. And that doesn't
00:27:36.000 --> 00:27:37.190
mean Coin's not going to do well. That
00:27:37.200 --> 00:27:38.310
doesn't mean Coin's not worth people's
00:27:38.320 --> 00:27:40.870
investments, but I came to my personal
00:27:40.880 --> 00:27:43.350
conclusion. I would rather hold Hood
00:27:43.360 --> 00:27:45.350
than Coin. And we'll see if I'm right or
00:27:45.360 --> 00:27:45.909
not.
00:27:45.919 --> 00:27:49.110
>> All right. Well, it's down 46%
00:27:49.120 --> 00:27:51.909
from last October. So, if you are going
00:27:51.919 --> 00:27:53.990
to get into it, even though the last day
00:27:54.000 --> 00:27:55.830
or so, again, I think because of some of
00:27:55.840 --> 00:27:57.190
these announcements that they're making,
00:27:57.200 --> 00:27:59.110
it's had a nice little move up to 82,
00:27:59.120 --> 00:28:02.389
but yeah, still down 46% really if you
00:28:02.399 --> 00:28:03.430
look at it.
00:28:03.440 --> 00:28:05.430
>> Um, so it might be a good time, might be
00:28:05.440 --> 00:28:07.750
a good time to try to accumulate some of
00:28:07.760 --> 00:28:09.669
Robin Hood. All right, you guys know
00:28:09.679 --> 00:28:11.350
what to do. Check out Tim's channel over
00:28:11.360 --> 00:28:13.190
there. It's Tim Warren Trades on
00:28:13.200 --> 00:28:16.870
YouTube. Uh, doing a great job uh
00:28:16.880 --> 00:28:18.870
hitting on a few things on this. Let's
00:28:18.880 --> 00:28:20.389
go to your videos right there. Should I
00:28:20.399 --> 00:28:22.549
sell? And that's talking about Ono.
00:28:22.559 --> 00:28:24.630
>> I like that one. Uh, and of course,
00:28:24.640 --> 00:28:26.310
Bitcoin updates all the time. How many
00:28:26.320 --> 00:28:27.669
videos are you guys dropping a day? Is
00:28:27.679 --> 00:28:28.870
it one a day?
00:28:28.880 --> 00:28:30.470
>> It depends. There's certain days we put
00:28:30.480 --> 00:28:32.149
out two. We're doing We're going live
00:28:32.159 --> 00:28:33.909
every single day at 3 p.m. Eastern
00:28:33.919 --> 00:28:36.230
Standard Time to cover news and charts.
00:28:36.240 --> 00:28:39.350
And then I I I used to do another video
00:28:39.360 --> 00:28:42.230
per day, but I've really been I've
00:28:42.240 --> 00:28:43.430
really kind of come back and said, you
00:28:43.440 --> 00:28:44.710
know what? I'm not going to put out a
00:28:44.720 --> 00:28:47.029
hundred different videos that some of
00:28:47.039 --> 00:28:48.310
them are good and some of bad. We're
00:28:48.320 --> 00:28:50.630
going for quality over quantity now. So,
00:28:50.640 --> 00:28:52.470
if I don't have a good video to put out,
00:28:52.480 --> 00:28:53.909
I'll just skip that day. If I have a
00:28:53.919 --> 00:28:55.110
good video to put out, we're putting
00:28:55.120 --> 00:28:55.990
something out that day.
00:28:56.000 --> 00:28:58.149
>> There you go, my man. Check it out, Tim.
00:28:58.159 --> 00:28:59.430
Thanks a lot for stopping in today. We
00:28:59.440 --> 00:29:00.149
appreciate it.
00:29:00.159 --> 00:29:07.909
>> Absolutely. Thanks for having me, Paul.
00:29:07.919 --> 00:29:09.669
If you like this video, hit like and
00:29:09.679 --> 00:29:11.510
subscribe, drop a comment down below,
00:29:11.520 --> 00:29:13.830
and also join our free private member
00:29:13.840 --> 00:29:18.080
group. The link is in the description.
Kind: captions
Language: en
00:00:00.080 --> 00:00:01.670
All right, guys. Let's jump into whether
00:00:01.680 --> 00:00:04.309
or not this is the dip to buy. Crypto,
00:00:04.319 --> 00:00:05.670
of course, has been adjusting down.
00:00:05.680 --> 00:00:06.869
We're going to break it all out for you,
00:00:06.879 --> 00:00:09.110
and it's going to be with a good guest
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today. Before we get into it, I do want
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00:00:45.280 --> 00:00:47.830
deposit and trade 10 grand, you can
00:00:47.840 --> 00:00:51.990
unlock a massive $350 XRP reward. This
00:00:52.000 --> 00:00:54.470
stacks onto all of this. So boom, you
00:00:54.480 --> 00:00:58.069
get up to $500 max earning and it's paid
00:00:58.079 --> 00:01:01.189
directly out in XRP. So click the link
00:01:01.199 --> 00:01:03.029
down below. You guys are not want to
00:01:03.039 --> 00:01:05.270
miss this one. It is an awesome one. All
00:01:05.280 --> 00:01:06.630
right, let's jump into it today. I want
00:01:06.640 --> 00:01:08.950
to welcome into the show Mr. Tim Warren
00:01:08.960 --> 00:01:10.630
coming in. How are you, Tim?
00:01:10.640 --> 00:01:11.990
>> Doing great. Good to be back on the
00:01:12.000 --> 00:01:12.950
show. Paul, how you been?
00:01:12.960 --> 00:01:14.550
>> Nice to see you. Nice to see you. Summer
00:01:14.560 --> 00:01:17.030
is almost here and we are ready to rock.
00:01:17.040 --> 00:01:19.510
>> The question is is how are the markets
00:01:19.520 --> 00:01:21.109
going to respond? I got a couple of
00:01:21.119 --> 00:01:23.350
tweets I want to show you and I want to
00:01:23.360 --> 00:01:25.670
get your opinion and I also have some
00:01:25.680 --> 00:01:29.270
tinfoil tin foil hat ideas
00:01:29.280 --> 00:01:31.350
>> that we'll throw past you as well. So,
00:01:31.360 --> 00:01:33.270
we'll get into that. We got a tweet here
00:01:33.280 --> 00:01:35.830
from Trump. Uh, and here it is right
00:01:35.840 --> 00:01:38.230
here. Gary Gendler and the anti-crypto
00:01:38.240 --> 00:01:40.950
army nearly destroyed the American
00:01:40.960 --> 00:01:43.350
crypto market. And of course he's
00:01:43.360 --> 00:01:45.510
talking by something that I don't know
00:01:45.520 --> 00:01:48.550
that anybody has ever seen before and
00:01:48.560 --> 00:01:50.630
that is this topic around crypto
00:01:50.640 --> 00:01:53.270
perpetuals. Trump is talking about
00:01:53.280 --> 00:01:55.670
literally listed out there perpetuals
00:01:55.680 --> 00:01:58.709
and innovation. So when you look at this
00:01:58.719 --> 00:02:00.230
and this is really kind of his first
00:02:00.240 --> 00:02:02.789
real statement saying hey we need the
00:02:02.799 --> 00:02:04.630
market structure bill to pass and future
00:02:04.640 --> 00:02:07.030
proof digital assets for you know for
00:02:07.040 --> 00:02:09.270
America. What's your percentage right
00:02:09.280 --> 00:02:12.229
now on um on clarity?
00:02:12.239 --> 00:02:13.750
>> Percentage on the passing.
00:02:13.760 --> 00:02:15.270
>> Yeah. Of passing.
00:02:15.280 --> 00:02:17.110
>> Yeah. I'm going to put it I don't think
00:02:17.120 --> 00:02:19.190
it's wise to ever say 100% for anything.
00:02:19.200 --> 00:02:22.150
So, let's go with like 90 to 95%.
00:02:22.160 --> 00:02:23.510
>> Whoa. Okay. All right.
00:02:23.520 --> 00:02:26.470
>> And my my reasoning for that is because
00:02:26.480 --> 00:02:28.150
of the investment from large
00:02:28.160 --> 00:02:30.470
institutions. Like we know that they've
00:02:30.480 --> 00:02:31.990
been the ones kind of going back and
00:02:32.000 --> 00:02:33.430
forth on things. Even think about the
00:02:33.440 --> 00:02:34.869
banks. Obviously, we just had a huge
00:02:34.879 --> 00:02:36.550
argument between the banks and the
00:02:36.560 --> 00:02:37.990
crypto firms that we always kind of had
00:02:38.000 --> 00:02:39.350
this feeling like there was some
00:02:39.360 --> 00:02:40.869
language details that need to be worked
00:02:40.879 --> 00:02:42.869
out. But, but the large banks, I'm not
00:02:42.879 --> 00:02:44.229
talking about your little local bank who
00:02:44.239 --> 00:02:46.070
maybe will get pushed out and crushed by
00:02:46.080 --> 00:02:47.750
crypto. We're talking about the JP
00:02:47.760 --> 00:02:50.229
Morgans and the Fidelities and all these
00:02:50.239 --> 00:02:52.790
other large banks, they they want crypto
00:02:52.800 --> 00:02:54.150
go through. They realize the writing's
00:02:54.160 --> 00:02:55.910
on the wall. If they want to exist as
00:02:55.920 --> 00:02:57.990
institutions in the finance world, they
00:02:58.000 --> 00:03:01.030
need to incre utilize cryptocurrency.
00:03:01.040 --> 00:03:03.670
>> Yeah. So, so what we've seen recently is
00:03:03.680 --> 00:03:05.910
billions of dollars of investments into
00:03:05.920 --> 00:03:10.149
infrastructure to prepare for a overhaul
00:03:10.159 --> 00:03:12.229
of utilizing crypto. They wouldn't have
00:03:12.239 --> 00:03:13.910
invested in that kind of stuff if they
00:03:13.920 --> 00:03:16.309
don't see it happening at least at some
00:03:16.319 --> 00:03:19.110
point this year or soon. So, I'm I'm
00:03:19.120 --> 00:03:20.790
because of the money they're spending,
00:03:20.800 --> 00:03:22.949
I'm very high on the clarity, but I do
00:03:22.959 --> 00:03:23.830
think they're going to make it very
00:03:23.840 --> 00:03:25.750
dramatic. I do think it's going to be a
00:03:25.760 --> 00:03:27.509
a whole event all the way until the
00:03:27.519 --> 00:03:28.550
final signing day.
00:03:28.560 --> 00:03:30.229
>> Well, okay. So, we agree on one thing
00:03:30.239 --> 00:03:31.589
and I think that is there's going to be
00:03:31.599 --> 00:03:33.670
a lot of drama.
00:03:33.680 --> 00:03:37.190
>> I'm much more lower in terms of the
00:03:37.200 --> 00:03:39.589
percentage to pass. I actually feel like
00:03:39.599 --> 00:03:41.509
this may get stalled out.
00:03:41.519 --> 00:03:43.190
>> I'm a little concerned that this is
00:03:43.200 --> 00:03:46.070
being thrown into a political pawn
00:03:46.080 --> 00:03:48.710
>> as we go into midterms. We we'll see. I
00:03:48.720 --> 00:03:50.869
mean, it's it really the timeline is is
00:03:50.879 --> 00:03:53.589
getting so tight. Uh it's difficult. But
00:03:53.599 --> 00:03:55.190
if you look at the other statements that
00:03:55.200 --> 00:03:58.309
he made, he literally said, "I will
00:03:58.319 --> 00:04:01.429
never let crypto down." This is this is
00:04:01.439 --> 00:04:03.589
crazy for the president of the United
00:04:03.599 --> 00:04:05.110
States to make that. And then, of
00:04:05.120 --> 00:04:06.630
course, you get Bitcoin and it dumps
00:04:06.640 --> 00:04:09.670
2,000 after after that tweet. So,
00:04:09.680 --> 00:04:10.070
>> yeah,
00:04:10.080 --> 00:04:12.470
>> what do what do the Bitcoin crowd know
00:04:12.480 --> 00:04:15.589
that uh maybe we don't when it comes to
00:04:15.599 --> 00:04:17.110
uh where the market is heading right
00:04:17.120 --> 00:04:19.110
now? So, we'll we'll see how that that
00:04:19.120 --> 00:04:21.990
plays out. Uh but hey, listen. You have
00:04:22.000 --> 00:04:24.469
um the concern right here and this is
00:04:24.479 --> 00:04:28.390
Lumis warning of a regulatory dark age
00:04:28.400 --> 00:04:30.629
if the Clarity Act stalls here. Here
00:04:30.639 --> 00:04:34.550
here's my theory. So if if it does stall
00:04:34.560 --> 00:04:38.070
and the administration tries to spin
00:04:38.080 --> 00:04:41.510
this in some way to possibly win a
00:04:41.520 --> 00:04:45.270
handful of seats in the midterms to try
00:04:45.280 --> 00:04:46.870
to retain the Senate because right now
00:04:46.880 --> 00:04:48.629
it's still kind of iffy on whether or
00:04:48.639 --> 00:04:50.790
not the Republicans retain the Senate. I
00:04:50.800 --> 00:04:52.790
guess the real question would be could
00:04:52.800 --> 00:04:55.270
they even pass it afterwards, you know?
00:04:55.280 --> 00:04:56.150
So
00:04:56.160 --> 00:04:58.070
>> Jake was talking about this. He says
00:04:58.080 --> 00:04:59.909
there's not much time, you know, to get
00:04:59.919 --> 00:05:02.629
it done. Uh it may seem quiet, but but
00:05:02.639 --> 00:05:04.390
right now it's when the work's supposed
00:05:04.400 --> 00:05:07.430
to get done. So he's and even he says
00:05:07.440 --> 00:05:10.390
easier said than done. Let's get into
00:05:10.400 --> 00:05:11.990
whether or not we got to buy the dip.
00:05:12.000 --> 00:05:13.510
Okay, so I want to play a clip. This is
00:05:13.520 --> 00:05:16.230
Mark Cudmore and he talks about is this
00:05:16.240 --> 00:05:18.390
the time to do it. Take a look.
00:05:18.400 --> 00:05:20.550
>> 100% that that the dip buyers come in. I
00:05:20.560 --> 00:05:23.029
I just think that that they must be uh
00:05:23.039 --> 00:05:24.390
almost out of momentum. You look at
00:05:24.400 --> 00:05:25.909
almost any way to value anything. You
00:05:25.919 --> 00:05:27.430
look at the the IPOs we got this year
00:05:27.440 --> 00:05:29.590
from SpaceX and Open AI. You just look
00:05:29.600 --> 00:05:31.510
at the earnings projections, everything
00:05:31.520 --> 00:05:34.150
is priced to extreme. So of course the
00:05:34.160 --> 00:05:35.430
dip buyers are going to come in. The
00:05:35.440 --> 00:05:36.790
problem is I just think that real
00:05:36.800 --> 00:05:38.550
economics is going to squeeze them. And
00:05:38.560 --> 00:05:40.550
the dynamic is now is that so much of
00:05:40.560 --> 00:05:42.230
the real economy actually depends on the
00:05:42.240 --> 00:05:44.310
wealth effect from this kind of booming
00:05:44.320 --> 00:05:46.870
stock market. So, the reason I I'm kind
00:05:46.880 --> 00:05:48.629
of transitioning from, you know, the two
00:05:48.639 --> 00:05:50.790
weeks ago kind of tactically a little
00:05:50.800 --> 00:05:52.150
bit more negative on markets, but
00:05:52.160 --> 00:05:53.670
thinking you'd ultimately buy this dip
00:05:53.680 --> 00:05:55.510
to not being convinced you'd buy the dip
00:05:55.520 --> 00:05:57.590
is that I think the conditions are now
00:05:57.600 --> 00:06:00.469
ripe for a negative spiral to start
00:06:00.479 --> 00:06:02.790
because the economy is only holding up
00:06:02.800 --> 00:06:05.670
in this K-shaped economy because enough
00:06:05.680 --> 00:06:07.430
consumers have a positive wealth effect
00:06:07.440 --> 00:06:09.189
from the the stock market booming. The
00:06:09.199 --> 00:06:11.029
stock market starts suffering then they
00:06:11.039 --> 00:06:12.469
start consuming less, the economic
00:06:12.479 --> 00:06:14.309
damage gets worse. that means we start
00:06:14.319 --> 00:06:16.150
trading that negative economic narrative
00:06:16.160 --> 00:06:17.510
a little bit more aggressively in the
00:06:17.520 --> 00:06:19.749
stock market. So I I now think we're
00:06:19.759 --> 00:06:21.430
getting close to that tipping point
00:06:21.440 --> 00:06:24.550
where we can start a negative spiral. I
00:06:24.560 --> 00:06:25.909
guess I'm still on the fence if this is
00:06:25.919 --> 00:06:28.150
the, you know, this is really the top,
00:06:28.160 --> 00:06:29.590
but I'm I'm now suddenly leaning that
00:06:29.600 --> 00:06:30.950
way as of yesterday when I wasn't
00:06:30.960 --> 00:06:32.550
before.
00:06:32.560 --> 00:06:34.550
>> All right, so he's leaning that way. I'm
00:06:34.560 --> 00:06:37.189
looking at the S&P chart right now.
00:06:37.199 --> 00:06:39.830
>> Uh this is the daily and dude, this is
00:06:39.840 --> 00:06:40.870
just straight up
00:06:40.880 --> 00:06:45.189
>> just Yeah. So, um I mean it's crazy.
00:06:45.199 --> 00:06:47.510
It's 7561 right now. We're on another
00:06:47.520 --> 00:06:49.270
green day which is continuing to break
00:06:49.280 --> 00:06:51.830
records. So, if this is the case, if
00:06:51.840 --> 00:06:55.430
we're at the top and we do see a full
00:06:55.440 --> 00:06:57.749
retracement, how do you think this
00:06:57.759 --> 00:06:59.749
affects the major assets, especially
00:06:59.759 --> 00:07:02.150
Bitcoin and ETH? If you chart Bitcoin
00:07:02.160 --> 00:07:03.270
right now,
00:07:03.280 --> 00:07:05.430
>> where do you feel like this falls if in
00:07:05.440 --> 00:07:07.189
fact Cudmore is right and we see a
00:07:07.199 --> 00:07:08.790
pullback?
00:07:08.800 --> 00:07:10.230
>> Yeah. Well, here's something we got to
00:07:10.240 --> 00:07:11.589
start off with that people have been
00:07:11.599 --> 00:07:12.790
talking about in the crypto community
00:07:12.800 --> 00:07:15.670
for years, and that is when will Bitcoin
00:07:15.680 --> 00:07:17.430
finally kind of separate from
00:07:17.440 --> 00:07:19.270
traditional risk assets and the stock
00:07:19.280 --> 00:07:21.189
market overall and do its own thing.
00:07:21.199 --> 00:07:22.550
>> I don't think this is the the way people
00:07:22.560 --> 00:07:23.830
want to see it happen because that's
00:07:23.840 --> 00:07:24.950
kind of what we're seeing happen, Paul.
00:07:24.960 --> 00:07:27.029
We're seeing a division and a split
00:07:27.039 --> 00:07:29.270
between traditional finance and crypto.
00:07:29.280 --> 00:07:31.189
The the gist is we wanted to see crypto
00:07:31.199 --> 00:07:33.110
go up and tradi go down. We're seeing
00:07:33.120 --> 00:07:35.670
tradi go up, crypto go down. But in the
00:07:35.680 --> 00:07:37.430
same in the same thought process though,
00:07:37.440 --> 00:07:38.629
I think it's going to be a perfect
00:07:38.639 --> 00:07:40.230
storm. I don't I don't think the
00:07:40.240 --> 00:07:41.430
bottom's in. I've been on your show
00:07:41.440 --> 00:07:43.029
before. I know I know people thought
00:07:43.039 --> 00:07:44.469
maybe I kind of look like an idiot here
00:07:44.479 --> 00:07:45.830
a couple weeks ago saying I don't think
00:07:45.840 --> 00:07:47.189
the bottoms in. I think the bottoms in
00:07:47.199 --> 00:07:48.870
and Bitcoin sitting here ripping above
00:07:48.880 --> 00:07:50.070
80K,
00:07:50.080 --> 00:07:51.909
>> but now I'm looking a little smarter
00:07:51.919 --> 00:07:53.830
with those claims as we're dropping back
00:07:53.840 --> 00:07:55.749
down towards 70,000.
00:07:55.759 --> 00:07:56.950
>> I think there's going to be a condition
00:07:56.960 --> 00:07:58.550
where I think the stock market could
00:07:58.560 --> 00:07:59.670
keep climbing a little bit and I think
00:07:59.680 --> 00:08:00.790
crypto could keep falling. I think
00:08:00.800 --> 00:08:02.309
Bitcoin is going to go down here below
00:08:02.319 --> 00:08:03.990
this support level. This is a very
00:08:04.000 --> 00:08:06.150
classic bearish trend with that rising
00:08:06.160 --> 00:08:08.629
resistance and rising support called a
00:08:08.639 --> 00:08:10.790
rising channel. Gets even worse when you
00:08:10.800 --> 00:08:12.390
connect it to that big negative move
00:08:12.400 --> 00:08:13.909
called a bare flag.
00:08:13.919 --> 00:08:16.230
>> I still have a mark and I I made this
00:08:16.240 --> 00:08:17.670
case I think on your channel as well,
00:08:17.680 --> 00:08:19.589
but on my channel several times now
00:08:19.599 --> 00:08:22.309
there's a lot of support at 53k and
00:08:22.319 --> 00:08:24.869
technically I could see even down to 48k
00:08:24.879 --> 00:08:27.270
staying within my realm of of what
00:08:27.280 --> 00:08:29.350
Bitcoin's capable of doing. Okay.
00:08:29.360 --> 00:08:30.790
>> But what what I think is going to happen
00:08:30.800 --> 00:08:32.630
is and I'm not going to predict this
00:08:32.640 --> 00:08:35.190
crash of the stock market that like the
00:08:35.200 --> 00:08:37.829
stock market has like a 30% pullback or
00:08:37.839 --> 00:08:38.389
something.
00:08:38.399 --> 00:08:40.709
>> But but like you just said, this is a
00:08:40.719 --> 00:08:42.630
ridiculously bullish chart
00:08:42.640 --> 00:08:44.470
>> that at some point needs some form of
00:08:44.480 --> 00:08:46.470
let's just call it a healthy correction.
00:08:46.480 --> 00:08:48.630
Let's not even call it a crash or a bare
00:08:48.640 --> 00:08:50.389
market, just a healthy correction. And
00:08:50.399 --> 00:08:51.670
so people are going to take profit from
00:08:51.680 --> 00:08:53.030
the spy. They're going to take profit
00:08:53.040 --> 00:08:54.949
from the AI space that's booming. and
00:08:54.959 --> 00:08:56.389
and they're going to say, "Where's the
00:08:56.399 --> 00:08:59.910
next asset class that has a lot of
00:08:59.920 --> 00:09:01.430
excitement about the future, but it's
00:09:01.440 --> 00:09:03.910
underpriced?" Go no further than looking
00:09:03.920 --> 00:09:05.990
at the entire crypto space. Just look at
00:09:06.000 --> 00:09:07.430
crypto and what's happening right now,
00:09:07.440 --> 00:09:09.590
and you're going to find exciting
00:09:09.600 --> 00:09:12.470
technology, ridiculously oversold, and
00:09:12.480 --> 00:09:14.470
it's going to be ripe for buying in. By
00:09:14.480 --> 00:09:15.750
the way, when you look at onchain
00:09:15.760 --> 00:09:16.790
metrics, I know a lot of people just
00:09:16.800 --> 00:09:18.150
look at price charts and they pay
00:09:18.160 --> 00:09:22.070
attention to um sentiment. Uh watch what
00:09:22.080 --> 00:09:23.910
whales are doing. Watch the amount of
00:09:23.920 --> 00:09:25.750
accounts that hold X amount of Bitcoin
00:09:25.760 --> 00:09:27.509
or X amount of Ethereum or X amount of
00:09:27.519 --> 00:09:29.590
Chain Link. They're growing. The larger
00:09:29.600 --> 00:09:32.070
whale accounts are growing and outflows
00:09:32.080 --> 00:09:33.750
from exchanges are starting to increase,
00:09:33.760 --> 00:09:35.430
which is people putting money into cold
00:09:35.440 --> 00:09:37.829
storage. This often happens not at the
00:09:37.839 --> 00:09:40.470
exact bottom, but close to the bottom.
00:09:40.480 --> 00:09:41.829
And I think that that's I think we're
00:09:41.839 --> 00:09:43.829
starting to see the signs that wealthy
00:09:43.839 --> 00:09:46.470
people are accumulating crypto and they
00:09:46.480 --> 00:09:49.590
know the time's coming soon. Now, on the
00:09:49.600 --> 00:09:51.269
charts, I don't think the bottom's in.
00:09:51.279 --> 00:09:52.710
And one of the biggest reasons why is
00:09:52.720 --> 00:09:54.870
because the daily bullish divergence is
00:09:54.880 --> 00:09:56.470
not in play yet. We've never had a
00:09:56.480 --> 00:09:59.110
bearish a bare market end without at
00:09:59.120 --> 00:10:00.870
least daily bullish divergence. If
00:10:00.880 --> 00:10:02.550
you're wondering what that is, that is
00:10:02.560 --> 00:10:05.590
when the price drops below the previous
00:10:05.600 --> 00:10:07.269
low. In this case, daily close was
00:10:07.279 --> 00:10:09.430
around 62,200.
00:10:09.440 --> 00:10:11.829
We need the daily candle to close below
00:10:11.839 --> 00:10:13.590
62,200.
00:10:13.600 --> 00:10:15.670
We need the RSI to stay above this low
00:10:15.680 --> 00:10:17.829
back here at 16. And that'll be the
00:10:17.839 --> 00:10:19.829
daily bullish divergence. Very easy to
00:10:19.839 --> 00:10:21.829
do from here. And and like I said, I I
00:10:21.839 --> 00:10:23.750
think people have their cases between
00:10:23.760 --> 00:10:25.990
I've heard some people be as of the camp
00:10:26.000 --> 00:10:28.150
that says sub 60k needs to come. I've
00:10:28.160 --> 00:10:30.230
heard people as high as 58 saying 58 is
00:10:30.240 --> 00:10:32.069
all we need to do. I'm sitting in the
00:10:32.079 --> 00:10:34.470
middle around 53 is my I think just a
00:10:34.480 --> 00:10:37.350
confluence of support. I've I've heard a
00:10:37.360 --> 00:10:40.069
very good case though for 48k to be the
00:10:40.079 --> 00:10:41.350
level that Bitcoin needs to drop.
00:10:41.360 --> 00:10:43.269
>> Interesting. Uh I'm sure you've been
00:10:43.279 --> 00:10:45.590
watching what's going on with Ethereum.
00:10:45.600 --> 00:10:47.190
>> Uh this of course is the Bankless guys.
00:10:47.200 --> 00:10:49.430
That's David Hoffman. him claiming that
00:10:49.440 --> 00:10:52.150
he sold all of his ETH and he had to he
00:10:52.160 --> 00:10:53.590
got so much push back that he had to put
00:10:53.600 --> 00:10:55.590
out a community statement and then wrote
00:10:55.600 --> 00:10:57.829
a fulllengthy article about this. I
00:10:57.839 --> 00:10:59.750
invite everybody to go read it if you're
00:10:59.760 --> 00:11:01.750
an ETH maxi or you've purchased ETH
00:11:01.760 --> 00:11:04.790
before. Uh these Banklist I would say is
00:11:04.800 --> 00:11:08.949
one of the core media groups out there
00:11:08.959 --> 00:11:11.430
that have been in support of Ethereum in
00:11:11.440 --> 00:11:14.389
general. when you look at ETH as it is
00:11:14.399 --> 00:11:16.470
because I think people are are just now
00:11:16.480 --> 00:11:18.470
looking at hey ETH is you know the
00:11:18.480 --> 00:11:20.470
narrative is gone and the it's no longer
00:11:20.480 --> 00:11:22.870
money there's the arguments are you know
00:11:22.880 --> 00:11:24.790
proliferating typically around the
00:11:24.800 --> 00:11:27.430
bottom like it has before
00:11:27.440 --> 00:11:29.190
>> where would you put ETH on the chart
00:11:29.200 --> 00:11:33.750
right now in comparison to your 48k to
00:11:33.760 --> 00:11:36.230
53k Bitcoin
00:11:36.240 --> 00:11:37.829
>> yeah when I take a look at the ETH chart
00:11:37.839 --> 00:11:40.310
I mean this is one of the the I don't
00:11:40.320 --> 00:11:41.910
want to say more bearish
00:11:41.920 --> 00:11:44.150
less bullish charts of the crypto space
00:11:44.160 --> 00:11:46.470
here. Uh we we were in a similar channel
00:11:46.480 --> 00:11:48.230
to Bitcoin, but when you have
00:11:48.240 --> 00:11:49.350
constriction like this, this is more of
00:11:49.360 --> 00:11:51.030
what we call a rising wedge pattern.
00:11:51.040 --> 00:11:51.590
>> Okay,
00:11:51.600 --> 00:11:53.269
>> you can see here and I know some people
00:11:53.279 --> 00:11:54.310
have different trend lines. This is my
00:11:54.320 --> 00:11:55.509
trend line I have drawn. It connects
00:11:55.519 --> 00:11:56.870
with these three support levels quite
00:11:56.880 --> 00:11:59.110
well. We lost that support level here
00:11:59.120 --> 00:12:01.030
about a week and some change ago. We
00:12:01.040 --> 00:12:02.470
came back up. If I zoom in, let's go to
00:12:02.480 --> 00:12:03.910
the 4 hour chart so you can see this. We
00:12:03.920 --> 00:12:05.430
came back up and pretty much treated it
00:12:05.440 --> 00:12:08.069
like resistance. So pretty strong uh
00:12:08.079 --> 00:12:10.389
bearish move right there. This right
00:12:10.399 --> 00:12:13.350
here suggests to me um in this wedge
00:12:13.360 --> 00:12:15.030
pattern, again, it gets worse if I call
00:12:15.040 --> 00:12:16.310
this a bare flag, but let's just start
00:12:16.320 --> 00:12:18.069
with a conservative kind of approach
00:12:18.079 --> 00:12:20.150
here. I I would take a look here and say
00:12:20.160 --> 00:12:22.470
the prediction for this move comes right
00:12:22.480 --> 00:12:24.389
back down to a massive support level
00:12:24.399 --> 00:12:28.389
somewhere here around 1650 1648 roughly
00:12:28.399 --> 00:12:30.710
is the area to watch there. When I zoom
00:12:30.720 --> 00:12:33.110
out, you'll see this is a long-term
00:12:33.120 --> 00:12:35.030
support trend line going back to the
00:12:35.040 --> 00:12:37.670
June 2022 lows, right? So, we've been in
00:12:37.680 --> 00:12:39.670
this channel for a long term on Ethereum
00:12:39.680 --> 00:12:41.590
as well. I think it's very realistic at
00:12:41.600 --> 00:12:43.750
this point for ETH to drop down there.
00:12:43.760 --> 00:12:45.670
Uh, if the bare flag part of it plays
00:12:45.680 --> 00:12:47.829
out, we're talking about $1,200. I think
00:12:47.839 --> 00:12:48.949
I've said this on the show here long
00:12:48.959 --> 00:12:50.949
before as well. If we lose this support
00:12:50.959 --> 00:12:54.150
level, I think some people say 1,400. I
00:12:54.160 --> 00:12:55.269
think you skip that. I think you're
00:12:55.279 --> 00:12:56.790
playing out the bare flag. We're looking
00:12:56.800 --> 00:13:00.470
at $1,200. Um, so but it's it is one of
00:13:00.480 --> 00:13:02.230
those things, Paul. I'll say this that a
00:13:02.240 --> 00:13:03.990
lot of people
00:13:04.000 --> 00:13:06.550
a lot of people look at charts
00:13:06.560 --> 00:13:08.470
and they they try to drive some sort of
00:13:08.480 --> 00:13:10.069
long-term narrative and they say, "Okay,
00:13:10.079 --> 00:13:11.590
Ethereum is dead. It's just not
00:13:11.600 --> 00:13:13.829
performing well." And yet, to my
00:13:13.839 --> 00:13:14.949
knowledge, and I know you read that
00:13:14.959 --> 00:13:16.710
story that one supporter of Ethereum has
00:13:16.720 --> 00:13:17.990
kind of sold all their Ethereum, but
00:13:18.000 --> 00:13:19.590
other big ones are coming in. It is
00:13:19.600 --> 00:13:22.310
still an institutional favorite at this
00:13:22.320 --> 00:13:23.910
point. I know Black Rockck really likes
00:13:23.920 --> 00:13:26.230
it. I know that, you know, Mark Cuban
00:13:26.240 --> 00:13:27.910
just made a big deal about dumping a lot
00:13:27.920 --> 00:13:29.750
of Bitcoin because he's doubling down on
00:13:29.760 --> 00:13:32.710
Ethereum. Um, so until I start to see
00:13:32.720 --> 00:13:34.790
bigger bigger bigger waves happen that
00:13:34.800 --> 00:13:36.230
actually show me the fundamentals of
00:13:36.240 --> 00:13:38.230
Ethereum are dead. We we people have
00:13:38.240 --> 00:13:39.910
made this mistake before. At one point
00:13:39.920 --> 00:13:41.670
people said XRP was dead because the
00:13:41.680 --> 00:13:43.269
price action wasn't doing anything. And
00:13:43.279 --> 00:13:44.949
we know that was false. Remember when
00:13:44.959 --> 00:13:46.230
people thought Solana was dead because
00:13:46.240 --> 00:13:47.509
the price action wasn't doing anything.
00:13:47.519 --> 00:13:48.870
And now Solana is the coin that
00:13:48.880 --> 00:13:50.470
everyone's saying is the reason why
00:13:50.480 --> 00:13:52.470
Ethereum is going to die. But literally
00:13:52.480 --> 00:13:54.790
three years ago it was a dead coin,
00:13:54.800 --> 00:13:57.110
right? So, I I I try not to get too
00:13:57.120 --> 00:13:59.590
emotional too fast just cuz price action
00:13:59.600 --> 00:14:02.230
looks bad because it doesn't tell the
00:14:02.240 --> 00:14:03.590
full story. There still is a lot of
00:14:03.600 --> 00:14:06.790
fundamental long-term support, but from
00:14:06.800 --> 00:14:08.870
a technical standpoint, I have buy
00:14:08.880 --> 00:14:10.790
signals down at 1,600 and if those lose,
00:14:10.800 --> 00:14:13.189
I'll order more down at 1,200 is my next
00:14:13.199 --> 00:14:13.990
cut for Ethereum.
00:14:14.000 --> 00:14:16.230
>> Yeah. So, buying the dip for sure.
00:14:16.240 --> 00:14:18.870
Jumping over to you speak of Salana um
00:14:18.880 --> 00:14:21.829
of course everybody's tagging per now
00:14:21.839 --> 00:14:24.710
>> and if you guys don't know uh Salana
00:14:24.720 --> 00:14:27.350
grabbed up the pers handle on X
00:14:27.360 --> 00:14:29.110
>> for a big reason obviously they are
00:14:29.120 --> 00:14:32.069
going head-to-head with Hyperlid and we
00:14:32.079 --> 00:14:33.670
could see a lot of activity I mean you
00:14:33.680 --> 00:14:35.910
look at JTX you look at what's happening
00:14:35.920 --> 00:14:39.030
with Jupiter this could be a pretty
00:14:39.040 --> 00:14:41.110
accelerated opportunity for them to take
00:14:41.120 --> 00:14:43.829
on Hyperlid if you're looking at Salana
00:14:43.839 --> 00:14:46.230
right now where would be a good place,
00:14:46.240 --> 00:14:49.829
Tim, for me, not our audience, but for
00:14:49.839 --> 00:14:52.470
me, you're you're coaching Paul now.
00:14:52.480 --> 00:14:52.949
>> Yeah.
00:14:52.959 --> 00:14:56.310
>> Where do I buy my next bag of Salana?
00:14:56.320 --> 00:14:59.430
>> Yeah, I would say your next DCA should
00:14:59.440 --> 00:15:01.269
probably be somewhere in this green box
00:15:01.279 --> 00:15:04.629
area. North end around 7840, low end
00:15:04.639 --> 00:15:06.949
around 7572. So, this is a support box
00:15:06.959 --> 00:15:08.870
we've been in since back in February.
00:15:08.880 --> 00:15:10.230
And you can see here we've just been
00:15:10.240 --> 00:15:11.670
bouncing back and forth. Couple outliers
00:15:11.680 --> 00:15:13.430
above resistance, but we keep finding
00:15:13.440 --> 00:15:15.509
support in this green box. Yeah, problem
00:15:15.519 --> 00:15:17.590
again is this is a sideways channel
00:15:17.600 --> 00:15:19.430
connected to a big move down. So you
00:15:19.440 --> 00:15:20.790
could easily call this a bare flag as
00:15:20.800 --> 00:15:22.550
well. There's two marks I'm looking at.
00:15:22.560 --> 00:15:24.710
So I have longerterm buy signals. So I
00:15:24.720 --> 00:15:27.590
think a good DCA spot 77 because just in
00:15:27.600 --> 00:15:29.590
case, right? I always have the just in
00:15:29.600 --> 00:15:31.509
case I'm wrong, I want to make sure I'm
00:15:31.519 --> 00:15:33.030
locked in because I think we're closer
00:15:33.040 --> 00:15:35.189
to the bottom than the top. But
00:15:35.199 --> 00:15:38.069
realistically, if Bitcoin's going sub
00:15:38.079 --> 00:15:41.670
60K, if Ethereum's going to,600,
00:15:41.680 --> 00:15:44.629
Solana's probably going closer to 60 and
00:15:44.639 --> 00:15:46.389
the disaster scenario for me is closer
00:15:46.399 --> 00:15:47.990
to 50. Like I would almost say, let's
00:15:48.000 --> 00:15:50.470
compare it to Bitcoin. If if Bitcoin
00:15:50.480 --> 00:15:53.269
makes it to like 53, Salana's probably
00:15:53.279 --> 00:15:56.870
at $60. If Bitcoin goes to like 48,
00:15:56.880 --> 00:15:58.870
Salana's probably at $50.
00:15:58.880 --> 00:16:01.990
>> Okay. All right. So Salana at 50 uh
00:16:02.000 --> 00:16:04.150
would be the case at least on the bare
00:16:04.160 --> 00:16:05.829
side of this if we do see the kind of
00:16:05.839 --> 00:16:07.189
numbers that you're talking about which
00:16:07.199 --> 00:16:10.310
is pretty significant. Um all right so
00:16:10.320 --> 00:16:13.110
beyond Salana let's just jump over to
00:16:13.120 --> 00:16:14.710
hype I want to kind of go to this tweet
00:16:14.720 --> 00:16:16.389
here by Matt Hogan.
00:16:16.399 --> 00:16:18.629
>> Um having done it a few times I can say
00:16:18.639 --> 00:16:20.790
discussing hyperlquid with financial
00:16:20.800 --> 00:16:23.990
advisors is magic. I've got a clip here
00:16:24.000 --> 00:16:25.670
from the rollup. They were talking about
00:16:25.680 --> 00:16:28.389
this also talking about the easiest
00:16:28.399 --> 00:16:29.670
sales pitch. And then I want to ask you
00:16:29.680 --> 00:16:31.350
a question after this. Let's play this
00:16:31.360 --> 00:16:32.069
clip.
00:16:32.079 --> 00:16:34.150
>> This thing has a billion dollars or more
00:16:34.160 --> 00:16:35.990
of free cash flows and it's going back
00:16:36.000 --> 00:16:37.829
to buy the tokens. Like when I talk to
00:16:37.839 --> 00:16:39.670
institutional investors, all I have to
00:16:39.680 --> 00:16:41.350
say is that in the same way that the
00:16:41.360 --> 00:16:43.110
Ethereum Foundation is like looking for
00:16:43.120 --> 00:16:45.749
Tom Lee and some of these other DATs to
00:16:45.759 --> 00:16:49.189
like go be their institutional BD, these
00:16:49.199 --> 00:16:51.670
Hypqulid ETFs just unlock this next wave
00:16:51.680 --> 00:16:54.550
of incentive aligned
00:16:54.560 --> 00:16:57.430
Wall Street salesmen. like it's just
00:16:57.440 --> 00:16:59.990
it's exactly what we needed to get this
00:17:00.000 --> 00:17:02.550
thing to allocators and to make this
00:17:02.560 --> 00:17:03.990
pitch kind of go global.
00:17:04.000 --> 00:17:06.309
>> The token is the product. The Hyperlquid
00:17:06.319 --> 00:17:08.390
team is not paying for a thing. Not for
00:17:08.400 --> 00:17:10.630
marketing, not for market makers, not
00:17:10.640 --> 00:17:13.429
for listings, not for ETFs. They're not
00:17:13.439 --> 00:17:15.350
paying for a thing. Matt took it upon
00:17:15.360 --> 00:17:18.309
himself and upon him upon himself and on
00:17:18.319 --> 00:17:20.630
behalf of Bitwise to go out find the
00:17:20.640 --> 00:17:22.309
asset that is going to help his
00:17:22.319 --> 00:17:23.990
customers. Most people think it's a
00:17:24.000 --> 00:17:26.069
crypto app targeting the $3 trillion
00:17:26.079 --> 00:17:28.230
crypto market. It's a super app
00:17:28.240 --> 00:17:30.789
targeting the $600 trillion global asset
00:17:30.799 --> 00:17:33.750
market. And that's why it's so exciting.
00:17:33.760 --> 00:17:36.630
If it were just doing crypto futures,
00:17:36.640 --> 00:17:38.870
it'd be just about tapped out,
00:17:38.880 --> 00:17:41.110
>> but it has barely penetrated into the
00:17:41.120 --> 00:17:42.549
rest of all assets, which is actually
00:17:42.559 --> 00:17:44.710
the market it's going after.
00:17:44.720 --> 00:17:47.430
>> So remember, Matt's got a, you know, a
00:17:47.440 --> 00:17:49.430
dog in the hump. He's got a hyperlquid
00:17:49.440 --> 00:17:51.510
fund out there. He's very happy about
00:17:51.520 --> 00:17:53.750
it. Uh there's been a lot of talk about
00:17:53.760 --> 00:17:55.830
Hyperlid just mainly because of what
00:17:55.840 --> 00:17:57.270
it's been doing over the past six
00:17:57.280 --> 00:18:00.549
months. Where would you put Hyperliquid
00:18:00.559 --> 00:18:02.470
right now? Do you think this is due for
00:18:02.480 --> 00:18:04.070
a pullback or do you think this is just
00:18:04.080 --> 00:18:05.830
the beginning of a super cycle because
00:18:05.840 --> 00:18:07.990
of perpetuals
00:18:08.000 --> 00:18:10.470
is hard because hype is is running off
00:18:10.480 --> 00:18:13.350
so much sentiment right now and and pump
00:18:13.360 --> 00:18:15.350
what I would call pumpamentals. But when
00:18:15.360 --> 00:18:17.190
I take a look at it and I look at my
00:18:17.200 --> 00:18:19.590
indicators in this case, uh I'm going to
00:18:19.600 --> 00:18:21.909
quickly look at my neurow indicator. We
00:18:21.919 --> 00:18:24.549
have red reversal, bearish a bearish
00:18:24.559 --> 00:18:26.150
momentum dot and negative money flow.
00:18:26.160 --> 00:18:27.270
This is on the daily chart, by the way.
00:18:27.280 --> 00:18:29.350
So this that's a that's a decent daily
00:18:29.360 --> 00:18:32.150
sell signal. Doesn't promise me a a
00:18:32.160 --> 00:18:34.310
colossal crash, but these previous ones
00:18:34.320 --> 00:18:36.789
we've had have had decent pullbacks.
00:18:36.799 --> 00:18:38.630
Let's let's call them decent pullbacks.
00:18:38.640 --> 00:18:40.310
Um, now here's where I'll say the pump
00:18:40.320 --> 00:18:42.150
of metals kind of come in because this
00:18:42.160 --> 00:18:44.870
rising wedge pattern 70% of the time
00:18:44.880 --> 00:18:46.470
we're going to get a bearish breakout
00:18:46.480 --> 00:18:48.310
and it ended up pumping to the upside
00:18:48.320 --> 00:18:50.470
instead. Why? Because the sentiment is
00:18:50.480 --> 00:18:52.390
so good. The fundamentals are so good.
00:18:52.400 --> 00:18:54.470
Um, so it's it's hard to bet against
00:18:54.480 --> 00:18:57.590
hype. Where I would what I would turn
00:18:57.600 --> 00:18:59.270
bearish on it, like I'm bullish on hype
00:18:59.280 --> 00:19:00.950
right now. Where I would turn bearish is
00:19:00.960 --> 00:19:03.990
if we come up with a weekly sell signal.
00:19:04.000 --> 00:19:06.630
And right now I'm just not seeing that
00:19:06.640 --> 00:19:07.990
necessarily play out. It looks like we
00:19:08.000 --> 00:19:09.350
just got back up here. We don't have
00:19:09.360 --> 00:19:11.590
bearish divergence on the weekly chart.
00:19:11.600 --> 00:19:14.630
Um, I think it's I think it's unwise to
00:19:14.640 --> 00:19:18.070
enter long-term shorts just yet on hype,
00:19:18.080 --> 00:19:19.990
but it could get there. I want to let me
00:19:20.000 --> 00:19:21.029
actually take a look here real quick
00:19:21.039 --> 00:19:22.070
with you. I actually haven't checked
00:19:22.080 --> 00:19:24.070
this out. Yeah, we don't we have those
00:19:24.080 --> 00:19:25.909
daily sell signals. We don't even
00:19:25.919 --> 00:19:27.750
officially have a two-day sell signal
00:19:27.760 --> 00:19:28.870
yet. It's close. It looks like the
00:19:28.880 --> 00:19:30.390
two-day is about to happen, but if we
00:19:30.400 --> 00:19:31.990
don't even have the two-day, it might
00:19:32.000 --> 00:19:33.350
take a couple of weeks for the weekly
00:19:33.360 --> 00:19:35.270
prints off on us. Um, where I'm looking
00:19:35.280 --> 00:19:36.870
though is with the daily Celsius signal
00:19:36.880 --> 00:19:38.549
being in here and you'll find probably
00:19:38.559 --> 00:19:40.470
find some bare stuff down below. I told
00:19:40.480 --> 00:19:41.909
our community two levels that I was
00:19:41.919 --> 00:19:43.909
keeping an eye on. The first one we just
00:19:43.919 --> 00:19:45.669
bounced here pretty much yesterday
00:19:45.679 --> 00:19:48.150
around 56. The other one back down
00:19:48.160 --> 00:19:49.510
towards this red line if I were to
00:19:49.520 --> 00:19:52.549
extend this out uh around 5352
00:19:52.559 --> 00:19:54.310
is the next area I would look for. And
00:19:54.320 --> 00:19:55.590
then what you're looking for at those
00:19:55.600 --> 00:19:57.430
levels, and by the way, we're getting it
00:19:57.440 --> 00:19:59.270
here today. As we hit my first level
00:19:59.280 --> 00:20:01.510
here at 56, the 4hour chart, now you're
00:20:01.520 --> 00:20:03.190
seeing some buys starting to sweep back
00:20:03.200 --> 00:20:05.270
in for short-term scalping. That's not a
00:20:05.280 --> 00:20:07.669
long-term chart, but um that's what I'm
00:20:07.679 --> 00:20:09.430
saying right there is is it's clearly in
00:20:09.440 --> 00:20:11.110
a bull trend. Higher highs and higher
00:20:11.120 --> 00:20:13.190
lows. Um we do have a sell signal on the
00:20:13.200 --> 00:20:14.710
daily chart, but not up on the weekly
00:20:14.720 --> 00:20:16.870
chart. And in a bullish trend, sell
00:20:16.880 --> 00:20:18.390
signals are are just healthy
00:20:18.400 --> 00:20:19.909
corrections, healthy pullbacks. They
00:20:19.919 --> 00:20:21.990
don't bring lower lows and lower highs,
00:20:22.000 --> 00:20:24.549
guaranteed. weekly sell signals. That
00:20:24.559 --> 00:20:25.909
would be a different call. That would be
00:20:25.919 --> 00:20:26.870
something I would take a lot more
00:20:26.880 --> 00:20:27.590
seriously.
00:20:27.600 --> 00:20:29.350
>> It's really the winning chart right now
00:20:29.360 --> 00:20:31.270
in crypto. I would say it's the darling
00:20:31.280 --> 00:20:32.070
of it.
00:20:32.080 --> 00:20:35.430
>> If it's barely penetrated, where where
00:20:35.440 --> 00:20:38.149
is Hyperlid going to go if Per gets
00:20:38.159 --> 00:20:42.310
fully released within Clarity or at
00:20:42.320 --> 00:20:45.029
least the SEC kind of getting in a
00:20:45.039 --> 00:20:46.070
position where they're going to let this
00:20:46.080 --> 00:20:48.310
go through? What would what would be
00:20:48.320 --> 00:20:51.510
your your bullcase for he hype? Let's go
00:20:51.520 --> 00:20:53.590
with a bull case and a bear or a base
00:20:53.600 --> 00:20:56.070
case for Hyperliquid.
00:20:56.080 --> 00:20:59.350
>> Very man, that's a hard one. Um, I
00:20:59.360 --> 00:21:00.470
haven't I haven't thought about the
00:21:00.480 --> 00:21:01.909
long-term perspective there. I'd have to
00:21:01.919 --> 00:21:03.669
look at some market cap stuff and do
00:21:03.679 --> 00:21:06.549
some analysis on that one. I did say to
00:21:06.559 --> 00:21:08.549
my community that until the bare until
00:21:08.559 --> 00:21:10.710
we confirm a sell on the weekly chart,
00:21:10.720 --> 00:21:12.230
my target would be back up towards a
00:21:12.240 --> 00:21:14.870
trend of resistance towards almost $80
00:21:14.880 --> 00:21:15.990
79. Okay.
00:21:16.000 --> 00:21:17.430
>> 7950 give or take.
00:21:17.440 --> 00:21:18.789
>> All right. So, let's jump over to Ando
00:21:18.799 --> 00:21:20.789
real quick. Uh you had the founder of
00:21:20.799 --> 00:21:22.470
Ando, Nathan Almond, he passed away at
00:21:22.480 --> 00:21:24.070
the age of 32.
00:21:24.080 --> 00:21:24.549
>> Yeah.
00:21:24.559 --> 00:21:26.630
>> Uh ando
00:21:26.640 --> 00:21:29.830
gets dumped. Um this is pretty sad
00:21:29.840 --> 00:21:31.270
because we we actually were going to
00:21:31.280 --> 00:21:33.350
have the Ando team on before this
00:21:33.360 --> 00:21:36.070
happened and when the terrible news hit,
00:21:36.080 --> 00:21:39.430
of course gets nailed. Um do you think
00:21:39.440 --> 00:21:42.630
this is just the community kind of in a
00:21:42.640 --> 00:21:45.110
position of god this is terrible for a
00:21:45.120 --> 00:21:46.950
chain when you have a major founder in
00:21:46.960 --> 00:21:48.710
there? Do you think it can can bounce
00:21:48.720 --> 00:21:50.870
back as an asset?
00:21:50.880 --> 00:21:52.149
>> Well, let's start off with the fact that
00:21:52.159 --> 00:21:54.149
it's not really collapsing that hard at
00:21:54.159 --> 00:21:55.909
the moment. I mean, you can say it's
00:21:55.919 --> 00:21:57.430
down from where it was the other day and
00:21:57.440 --> 00:21:59.270
and you zoom in here, but all things
00:21:59.280 --> 00:22:00.789
considered compared to the rest of the
00:22:00.799 --> 00:22:02.549
crypto space. It's actually technically
00:22:02.559 --> 00:22:04.950
still in a bullish trend. Yeah, I I had
00:22:04.960 --> 00:22:06.789
a support level that I actually had this
00:22:06.799 --> 00:22:08.549
level back up here when we first crossed
00:22:08.559 --> 00:22:11.350
above like 47 almost 48 cents uh back
00:22:11.360 --> 00:22:14.070
here in on May 9th. I said, "Okay, line
00:22:14.080 --> 00:22:16.070
in the sand support-wise right now, this
00:22:16.080 --> 00:22:17.909
yellow line right here, 33 cents. If we
00:22:17.919 --> 00:22:20.470
can maintain above 33 cents, there's no
00:22:20.480 --> 00:22:22.390
reason to be freaking out about." And
00:22:22.400 --> 00:22:24.070
you can see, sure enough, we bounced
00:22:24.080 --> 00:22:25.909
almost perfectly on the line I had
00:22:25.919 --> 00:22:27.590
drawn. Now, we came up and put in a
00:22:27.600 --> 00:22:29.830
slightly lower high. So, I'm interested
00:22:29.840 --> 00:22:31.190
to see what this looks like going
00:22:31.200 --> 00:22:32.789
forward, but we're still above this
00:22:32.799 --> 00:22:34.870
level overall. So, I'm not freaking out
00:22:34.880 --> 00:22:36.710
about just yet. If there was this real
00:22:36.720 --> 00:22:38.789
panic, then I think it would be dropping
00:22:38.799 --> 00:22:40.870
a lot faster, more furiously than it is
00:22:40.880 --> 00:22:42.390
now. If it starts to lose some
00:22:42.400 --> 00:22:44.390
partnerships, if some of the people that
00:22:44.400 --> 00:22:46.070
have have worked with it start to say,
00:22:46.080 --> 00:22:47.029
you know, we want to work with a
00:22:47.039 --> 00:22:48.789
different real world asset project
00:22:48.799 --> 00:22:50.710
instead, then I would start to be
00:22:50.720 --> 00:22:52.149
concerned about Ando.
00:22:52.159 --> 00:22:52.470
>> Yeah.
00:22:52.480 --> 00:22:55.190
>> Um, what I'm what I'll say about the the
00:22:55.200 --> 00:22:58.390
the very tragic and sad news of Almond
00:22:58.400 --> 00:22:59.830
is
00:22:59.840 --> 00:23:03.029
>> it looks or appears like he built a team
00:23:03.039 --> 00:23:04.310
that even though he might have been a
00:23:04.320 --> 00:23:05.590
lot of the brain behind the operations,
00:23:05.600 --> 00:23:06.789
he had a good team around him who's
00:23:06.799 --> 00:23:08.390
going to be able to continue to do what
00:23:08.400 --> 00:23:11.110
he first thought would happen. So, I I'm
00:23:11.120 --> 00:23:12.950
going to I'm going to default to trust
00:23:12.960 --> 00:23:15.350
in the team he leaves behind. To say is
00:23:15.360 --> 00:23:16.630
still special. They still have all these
00:23:16.640 --> 00:23:18.149
relationships. I still think they can do
00:23:18.159 --> 00:23:19.110
well.
00:23:19.120 --> 00:23:20.630
>> If it starts to go south though with
00:23:20.640 --> 00:23:22.310
those partnerships, I'll change my mind.
00:23:22.320 --> 00:23:24.710
Uh the sad news about the the the death
00:23:24.720 --> 00:23:26.310
though, I I will say, and I told our
00:23:26.320 --> 00:23:27.510
community this, and I'm not going to say
00:23:27.520 --> 00:23:28.630
it on the channel because I don't want
00:23:28.640 --> 00:23:30.549
YouTube to get problems. But if there
00:23:30.559 --> 00:23:32.549
was a if it was a car accident or a
00:23:32.559 --> 00:23:33.830
health related thing, they usually tell
00:23:33.840 --> 00:23:35.830
people it was a tragic accident they
00:23:35.840 --> 00:23:37.990
tell people. There's two types of deaths
00:23:38.000 --> 00:23:40.230
that they usually don't release details
00:23:40.240 --> 00:23:41.669
on. And I'll let people kind of think
00:23:41.679 --> 00:23:43.029
for themselves what those two types of
00:23:43.039 --> 00:23:44.950
deaths are. So it will be interesting
00:23:44.960 --> 00:23:48.149
even on that note what comes out
00:23:48.159 --> 00:23:49.909
if it ever comes out. I think my my one
00:23:49.919 --> 00:23:51.669
of my business partners is telling me
00:23:51.679 --> 00:23:53.830
some people remember Plume's founder
00:23:53.840 --> 00:23:55.990
died last year and we still don't know
00:23:56.000 --> 00:23:59.270
exactly why he died. So, uh, will we
00:23:59.280 --> 00:24:01.029
ever find out? I don't know. But at the
00:24:01.039 --> 00:24:03.590
moment, back to the price action itself,
00:24:03.600 --> 00:24:05.110
I'm going to continue to trust Ono and
00:24:05.120 --> 00:24:06.950
the Ono team until they give me a good
00:24:06.960 --> 00:24:08.789
reason not to.
00:24:08.799 --> 00:24:11.750
>> Let's take a look at Okay, so um, when
00:24:11.760 --> 00:24:14.710
you think about where Andondo is as a a
00:24:14.720 --> 00:24:16.630
token, you look at really the innovation
00:24:16.640 --> 00:24:18.789
that Ando has really brought forward,
00:24:18.799 --> 00:24:20.470
you kind of have to leap forward and go,
00:24:20.480 --> 00:24:23.590
all right, what other major innovations
00:24:23.600 --> 00:24:25.510
are underway out there? Because if you
00:24:25.520 --> 00:24:27.669
you look at Agentic Trading, Robin Hood
00:24:27.679 --> 00:24:31.190
launched Agentic Trading uh and an
00:24:31.200 --> 00:24:33.350
Agentic credit card. So, this is going
00:24:33.360 --> 00:24:36.470
to let AI agents uh basically to use
00:24:36.480 --> 00:24:38.149
Robin Hood through MCP servers. It's
00:24:38.159 --> 00:24:39.590
talking about it here in the tweet.
00:24:39.600 --> 00:24:41.110
You're going to have a Gentic trading as
00:24:41.120 --> 00:24:43.669
a separate account. So, you can utilize
00:24:43.679 --> 00:24:47.350
it there. I just wonder if Robin Hood
00:24:47.360 --> 00:24:50.470
has advanced fast enough, will would you
00:24:50.480 --> 00:24:52.230
allow this if I mean, you're a trader.
00:24:52.240 --> 00:24:54.789
Would you let Agentic Trading work in
00:24:54.799 --> 00:24:56.549
your account? Even if it was a separate
00:24:56.559 --> 00:24:57.350
account
00:24:57.360 --> 00:24:58.950
>> and you'd let it run.
00:24:58.960 --> 00:25:01.830
>> I I I will someday. I'm not trusting the
00:25:01.840 --> 00:25:03.909
first couple models. I still think at
00:25:03.919 --> 00:25:06.230
the moment a good human mind is a better
00:25:06.240 --> 00:25:09.190
trader than AI. Um that might not be the
00:25:09.200 --> 00:25:10.549
case long term. I don't know. We'll have
00:25:10.559 --> 00:25:12.310
to kind of see how this develops because
00:25:12.320 --> 00:25:13.590
the problem is once you start getting
00:25:13.600 --> 00:25:15.350
everything trading AI and all the
00:25:15.360 --> 00:25:17.029
algorithms are just working well now all
00:25:17.039 --> 00:25:18.070
of a sudden someone's going to create an
00:25:18.080 --> 00:25:19.909
algorithm to come in and disrupt the
00:25:19.919 --> 00:25:21.430
other algorithms so that they win and
00:25:21.440 --> 00:25:22.549
the others lose.
00:25:22.559 --> 00:25:23.750
>> So I think there's always going to be a
00:25:23.760 --> 00:25:24.789
time period. I think there's always
00:25:24.799 --> 00:25:27.190
going to be a way to say
00:25:27.200 --> 00:25:29.909
>> human brains this is what's so crazy
00:25:29.919 --> 00:25:33.430
Paul human brains are still scientists
00:25:33.440 --> 00:25:34.789
can't explain the way our brains work
00:25:34.799 --> 00:25:37.110
the way they work. AI is brilliant. I I
00:25:37.120 --> 00:25:38.789
incorporate AI into my work every single
00:25:38.799 --> 00:25:41.269
day, but it still is nothing compared to
00:25:41.279 --> 00:25:43.669
a human brain. So, as much as I'm
00:25:43.679 --> 00:25:45.590
excited about AI and and I want to
00:25:45.600 --> 00:25:47.909
incorporate it into my financial
00:25:47.919 --> 00:25:50.070
journey, I'm not going to just blindly
00:25:50.080 --> 00:25:51.750
trust it and turn off my human brain
00:25:51.760 --> 00:25:53.510
either. And I think going forward, it's
00:25:53.520 --> 00:25:55.350
going to be very important that people
00:25:55.360 --> 00:25:57.590
don't just default to AI for trading,
00:25:57.600 --> 00:25:59.750
default to AI for investing, and they
00:25:59.760 --> 00:26:01.430
still try to learn and process it all
00:26:01.440 --> 00:26:02.070
themselves.
00:26:02.080 --> 00:26:03.430
>> All right. Well, let's take a look at
00:26:03.440 --> 00:26:06.310
Robin Hood uh from a chart standpoint.
00:26:06.320 --> 00:26:08.950
because people will probably buy this
00:26:08.960 --> 00:26:10.630
>> in the sense of understanding that a
00:26:10.640 --> 00:26:12.470
gentic if you just stick a gentic on
00:26:12.480 --> 00:26:14.149
anything it feels like the chart goes
00:26:14.159 --> 00:26:15.430
up.
00:26:15.440 --> 00:26:17.029
>> Yeah, this is this is one of the assets
00:26:17.039 --> 00:26:18.230
actually in the stock world that I've
00:26:18.240 --> 00:26:20.230
been accumulating here uh since this
00:26:20.240 --> 00:26:21.909
correction down. You know, we had this
00:26:21.919 --> 00:26:24.070
call from from weeks ago at this point.
00:26:24.080 --> 00:26:25.510
I mean at months ago, excuse me,
00:26:25.520 --> 00:26:27.430
December, January, we talked about a big
00:26:27.440 --> 00:26:29.110
break to the downside. You guys can see
00:26:29.120 --> 00:26:31.510
here we had a a target that we had from,
00:26:31.520 --> 00:26:33.830
you know, way back in January hit just
00:26:33.840 --> 00:26:35.990
perfectly around 64. So, our our
00:26:36.000 --> 00:26:38.789
community has been accumulating um Robin
00:26:38.799 --> 00:26:42.149
Hood in this area right here between 64
00:26:42.159 --> 00:26:45.430
and roughly $76. So, uh as starting to
00:26:45.440 --> 00:26:46.870
go back up, I'm very glad. This is good
00:26:46.880 --> 00:26:49.029
for my portfolio. I knew it was about
00:26:49.039 --> 00:26:50.470
time, you know, I I've been tracking
00:26:50.480 --> 00:26:51.909
here that we were starting to get some
00:26:51.919 --> 00:26:54.950
buy signals coming back in uh on the on
00:26:54.960 --> 00:26:57.110
the daily chart. I think even the weekly
00:26:57.120 --> 00:26:58.950
chart, if I'm not wrong, yeah, the
00:26:58.960 --> 00:27:00.789
weekly chart recently had some really
00:27:00.799 --> 00:27:02.390
bullish stuff happen here. Fresh weekly
00:27:02.400 --> 00:27:04.710
buy signals. The MACD crossed bullish
00:27:04.720 --> 00:27:06.470
here recently. All very good signs for
00:27:06.480 --> 00:27:09.590
Hood. And and I don't dislike Bass. Like
00:27:09.600 --> 00:27:11.350
I I don't say what don't take what I'm
00:27:11.360 --> 00:27:12.710
about to say as being like nobody should
00:27:12.720 --> 00:27:15.190
invest in Coinbase or Co. I said Bass, I
00:27:15.200 --> 00:27:17.190
meant coin. No one should coin.
00:27:17.200 --> 00:27:19.029
>> But but I kind of came to a place when I
00:27:19.039 --> 00:27:20.470
was building my new portfolio with
00:27:20.480 --> 00:27:22.230
crypto and stocks. And I wanted to only
00:27:22.240 --> 00:27:23.590
choose five stocks for this new
00:27:23.600 --> 00:27:26.470
portfolio. And it came down to Shyo Coin
00:27:26.480 --> 00:27:28.710
or Hood.
00:27:28.720 --> 00:27:30.950
After all of the TA and the data I was
00:27:30.960 --> 00:27:32.230
going through, I just I came to
00:27:32.240 --> 00:27:33.830
conclusion I think that Hood is the
00:27:33.840 --> 00:27:35.990
better play than Coin. And that doesn't
00:27:36.000 --> 00:27:37.190
mean Coin's not going to do well. That
00:27:37.200 --> 00:27:38.310
doesn't mean Coin's not worth people's
00:27:38.320 --> 00:27:40.870
investments, but I came to my personal
00:27:40.880 --> 00:27:43.350
conclusion. I would rather hold Hood
00:27:43.360 --> 00:27:45.350
than Coin. And we'll see if I'm right or
00:27:45.360 --> 00:27:45.909
not.
00:27:45.919 --> 00:27:49.110
>> All right. Well, it's down 46%
00:27:49.120 --> 00:27:51.909
from last October. So, if you are going
00:27:51.919 --> 00:27:53.990
to get into it, even though the last day
00:27:54.000 --> 00:27:55.830
or so, again, I think because of some of
00:27:55.840 --> 00:27:57.190
these announcements that they're making,
00:27:57.200 --> 00:27:59.110
it's had a nice little move up to 82,
00:27:59.120 --> 00:28:02.389
but yeah, still down 46% really if you
00:28:02.399 --> 00:28:03.430
look at it.
00:28:03.440 --> 00:28:05.430
>> Um, so it might be a good time, might be
00:28:05.440 --> 00:28:07.750
a good time to try to accumulate some of
00:28:07.760 --> 00:28:09.669
Robin Hood. All right, you guys know
00:28:09.679 --> 00:28:11.350
what to do. Check out Tim's channel over
00:28:11.360 --> 00:28:13.190
there. It's Tim Warren Trades on
00:28:13.200 --> 00:28:16.870
YouTube. Uh, doing a great job uh
00:28:16.880 --> 00:28:18.870
hitting on a few things on this. Let's
00:28:18.880 --> 00:28:20.389
go to your videos right there. Should I
00:28:20.399 --> 00:28:22.549
sell? And that's talking about Ono.
00:28:22.559 --> 00:28:24.630
>> I like that one. Uh, and of course,
00:28:24.640 --> 00:28:26.310
Bitcoin updates all the time. How many
00:28:26.320 --> 00:28:27.669
videos are you guys dropping a day? Is
00:28:27.679 --> 00:28:28.870
it one a day?
00:28:28.880 --> 00:28:30.470
>> It depends. There's certain days we put
00:28:30.480 --> 00:28:32.149
out two. We're doing We're going live
00:28:32.159 --> 00:28:33.909
every single day at 3 p.m. Eastern
00:28:33.919 --> 00:28:36.230
Standard Time to cover news and charts.
00:28:36.240 --> 00:28:39.350
And then I I I used to do another video
00:28:39.360 --> 00:28:42.230
per day, but I've really been I've
00:28:42.240 --> 00:28:43.430
really kind of come back and said, you
00:28:43.440 --> 00:28:44.710
know what? I'm not going to put out a
00:28:44.720 --> 00:28:47.029
hundred different videos that some of
00:28:47.039 --> 00:28:48.310
them are good and some of bad. We're
00:28:48.320 --> 00:28:50.630
going for quality over quantity now. So,
00:28:50.640 --> 00:28:52.470
if I don't have a good video to put out,
00:28:52.480 --> 00:28:53.909
I'll just skip that day. If I have a
00:28:53.919 --> 00:28:55.110
good video to put out, we're putting
00:28:55.120 --> 00:28:55.990
something out that day.
00:28:56.000 --> 00:28:58.149
>> There you go, my man. Check it out, Tim.
00:28:58.159 --> 00:28:59.430
Thanks a lot for stopping in today. We
00:28:59.440 --> 00:29:00.149
appreciate it.
00:29:00.159 --> 00:29:07.909
>> Absolutely. Thanks for having me, Paul.
00:29:07.919 --> 00:29:09.669
If you like this video, hit like and
00:29:09.679 --> 00:29:11.510
subscribe, drop a comment down below,
00:29:11.520 --> 00:29:13.830
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00:29:13.840 --> 00:29:18.080
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