رونوشت 🔗
WEBVTT
Kind: captions
Language: en
00:00:00.320 --> 00:00:03.190
Market whiplash is upon us and today
00:00:03.200 --> 00:00:04.630
people are trying to figure out what
00:00:04.640 --> 00:00:06.390
exactly is going on. So, let's break it
00:00:06.400 --> 00:00:08.629
down. We're going to get Tim on to trade
00:00:08.639 --> 00:00:10.709
a little bit with us and understand
00:00:10.719 --> 00:00:13.110
exactly what is going on. Before we get
00:00:13.120 --> 00:00:14.390
started, I want to thank our sponsor and
00:00:14.400 --> 00:00:16.390
that's EtherFi where you guys can earn
00:00:16.400 --> 00:00:19.510
cash back as well as doing tokenized
00:00:19.520 --> 00:00:20.870
stock trades. All of this is available
00:00:20.880 --> 00:00:24.310
over on Ether. Be smart money. A ton of
00:00:24.320 --> 00:00:26.950
features built for every asset you get
00:00:26.960 --> 00:00:28.790
to spend on this. There's a whole slew
00:00:28.800 --> 00:00:31.589
of personal and business core platforms
00:00:31.599 --> 00:00:34.150
that you can use. Whether you get into
00:00:34.160 --> 00:00:36.870
making it kind of your own new bank or
00:00:36.880 --> 00:00:38.630
whether or not you want to use this as a
00:00:38.640 --> 00:00:41.350
business platform or even Lux up and get
00:00:41.360 --> 00:00:43.670
into some of the better uh yielding
00:00:43.680 --> 00:00:45.590
platforms that are out there. So check
00:00:45.600 --> 00:00:47.670
out Etherfi. All you have to do is visit
00:00:47.680 --> 00:00:50.069
it etherfi.com. Use our link down below.
00:00:50.079 --> 00:00:51.750
It's going to get you set up and you
00:00:51.760 --> 00:00:53.270
guys can get started where you can get
00:00:53.280 --> 00:00:55.910
away from the banks. How are you Tim?
00:00:55.920 --> 00:00:58.069
>> I'm doing good. Paul, how you doing?
00:00:58.079 --> 00:01:00.389
>> We are back in the market. After
00:01:00.399 --> 00:01:01.910
yesterday,
00:01:01.920 --> 00:01:03.990
>> I had a feeling we were going to see
00:01:04.000 --> 00:01:05.670
something like what we're looking at
00:01:05.680 --> 00:01:07.429
right now. Here's the Kobec kind of
00:01:07.439 --> 00:01:10.469
pointing to it. And that is that the S&P
00:01:10.479 --> 00:01:14.149
500 has now erased 2 trillion
00:01:14.159 --> 00:01:17.109
>> in market cap. Uh it's not necessarily
00:01:17.119 --> 00:01:19.270
the largest, but it's definitely uh one
00:01:19.280 --> 00:01:22.550
of the bigger and more faster market cap
00:01:22.560 --> 00:01:25.510
losses in stock market history. Uh I
00:01:25.520 --> 00:01:28.230
don't think this boils into the 7 to8
00:01:28.240 --> 00:01:30.310
trillion loss we saw in the dot bomb. If
00:01:30.320 --> 00:01:32.390
you extrapolate that in for inflation
00:01:32.400 --> 00:01:33.830
that would have been around 11 to 12
00:01:33.840 --> 00:01:34.469
trillion,
00:01:34.479 --> 00:01:34.870
>> right?
00:01:34.880 --> 00:01:37.910
>> Uh but now we're sitting at 2 trillion.
00:01:37.920 --> 00:01:40.149
First of all, were you expecting this
00:01:40.159 --> 00:01:43.749
right now that we're seeing
00:01:43.759 --> 00:01:45.910
>> this exact price action and this fast?
00:01:45.920 --> 00:01:46.789
No.
00:01:46.799 --> 00:01:50.789
>> Um was I expecting volatility? Yes. Um,
00:01:50.799 --> 00:01:52.149
but I am a little surprised when, you
00:01:52.159 --> 00:01:53.350
know, when I when I woke up this
00:01:53.360 --> 00:01:54.469
morning, well, actually, when I woke up
00:01:54.479 --> 00:01:55.670
this morning, it wasn't that bad. It was
00:01:55.680 --> 00:01:56.870
as the morning got going, I was like,
00:01:56.880 --> 00:01:58.389
"Okay, we're dropping to this support
00:01:58.399 --> 00:01:59.910
level, then this support level. All
00:01:59.920 --> 00:02:01.270
right, and then we should be Oh, wait.
00:02:01.280 --> 00:02:02.310
We're not bouncing there either. We're
00:02:02.320 --> 00:02:03.590
going to keep dropping." So, the speed
00:02:03.600 --> 00:02:06.310
of it has been pretty intense. Uh, but
00:02:06.320 --> 00:02:09.510
no, I I I I've said for a long time that
00:02:09.520 --> 00:02:12.550
these these types of market conditions
00:02:12.560 --> 00:02:15.670
are manipulators dreams. They whiplash
00:02:15.680 --> 00:02:17.350
us back and forth. I mean, you might as
00:02:17.360 --> 00:02:18.470
well just go ahead and head over to
00:02:18.480 --> 00:02:20.150
Busch Gardens and jump on some roller
00:02:20.160 --> 00:02:21.670
coasters right now because that's what
00:02:21.680 --> 00:02:23.350
the markets are like. It's, you know, or
00:02:23.360 --> 00:02:24.710
it's better like, you know, it's like
00:02:24.720 --> 00:02:25.910
trying to stick your hand through a
00:02:25.920 --> 00:02:28.470
ceiling fan to reach a switch to on the
00:02:28.480 --> 00:02:29.910
upside of it. You're going to get your
00:02:29.920 --> 00:02:31.430
hand chopped off if you try to be too
00:02:31.440 --> 00:02:34.470
aggressive in trades right now. So, uh
00:02:34.480 --> 00:02:36.390
I'm not surprised about the volatility.
00:02:36.400 --> 00:02:37.830
I'm probably I'm just surprised about
00:02:37.840 --> 00:02:41.750
the speed and um and the Yeah, the speed
00:02:41.760 --> 00:02:43.430
of how fast we're dropping right now.
00:02:43.440 --> 00:02:45.350
>> Yeah. Well, I mean, Bitcoin is sitting
00:02:45.360 --> 00:02:47.350
at 75K
00:02:47.360 --> 00:02:49.190
right now. We'll talk about that here in
00:02:49.200 --> 00:02:51.670
a second. Trump doing some things, and
00:02:51.680 --> 00:02:53.430
that is Trump Media selling off some
00:02:53.440 --> 00:02:57.110
Bitcoin. Uh, this was about 340 million.
00:02:57.120 --> 00:02:59.509
Uh, this of course coming in after, I
00:02:59.519 --> 00:03:01.190
guess, during and after the Democrats
00:03:01.200 --> 00:03:03.270
plan to investigate the crypto
00:03:03.280 --> 00:03:05.990
industry's financial links to Trump. So
00:03:06.000 --> 00:03:07.670
I think this is going to be an
Load full transcript
00:03:07.680 --> 00:03:10.309
interesting show for the next two years
00:03:10.319 --> 00:03:12.869
>> of a lot of hearings and a lot of
00:03:12.879 --> 00:03:15.030
nothingness that is going to hit the
00:03:15.040 --> 00:03:16.790
market. I think the real question is how
00:03:16.800 --> 00:03:19.270
do the companies perform? What kind of
00:03:19.280 --> 00:03:21.430
narratives and what kind of fundamentals
00:03:21.440 --> 00:03:23.910
can continue to take place? But I'm more
00:03:23.920 --> 00:03:26.470
concerned about sentiment right now.
00:03:26.480 --> 00:03:28.470
When you look at just the Bitcoin chart
00:03:28.480 --> 00:03:32.630
in general, uh we're sitting at 759 as
00:03:32.640 --> 00:03:35.270
we trade. If you go back here to August,
00:03:35.280 --> 00:03:38.309
you know, we had dipped down to 628.
00:03:38.319 --> 00:03:40.309
>> What is your current feeling right now
00:03:40.319 --> 00:03:43.350
sentimentwise when it comes to Bitcoin,
00:03:43.360 --> 00:03:46.390
the primary digital asset?
00:03:46.400 --> 00:03:48.710
>> Nothing's changed for me over the last
00:03:48.720 --> 00:03:50.070
little bit. Now, have there been some
00:03:50.080 --> 00:03:52.229
fake outs along the way? Absolutely. uh
00:03:52.239 --> 00:03:53.589
a couple weeks ago about about a month
00:03:53.599 --> 00:03:55.990
and a half ago when sell signals started
00:03:56.000 --> 00:03:57.509
to come in. You know, we're sitting up
00:03:57.519 --> 00:04:00.710
there at 86 87,000 and I told our
00:04:00.720 --> 00:04:03.190
community uh we need to drop down to at
00:04:03.200 --> 00:04:06.070
least 75 if not down to the 200 day
00:04:06.080 --> 00:04:07.270
moving average. At the time that was
00:04:07.280 --> 00:04:09.670
like 71, of course, the 200 day moving
00:04:09.680 --> 00:04:11.270
average, this purple line right here,
00:04:11.280 --> 00:04:13.030
it's kept climbing. It's now sitting up
00:04:13.040 --> 00:04:15.350
here around 73. Now, there was a little
00:04:15.360 --> 00:04:17.509
fake out right in here back in
00:04:17.519 --> 00:04:19.430
midocctober that had me a little
00:04:19.440 --> 00:04:20.550
confused. I was like, "Okay, that's
00:04:20.560 --> 00:04:22.710
weird. we got a a daily buy signal and
00:04:22.720 --> 00:04:24.390
and daily buy signals up until this
00:04:24.400 --> 00:04:26.390
point had been phenomenal. So, it made
00:04:26.400 --> 00:04:27.990
me say, "Okay, that's a curious one." Of
00:04:28.000 --> 00:04:29.270
course, that ended up being a fake out
00:04:29.280 --> 00:04:31.270
with a lower high. Uh and then here
00:04:31.280 --> 00:04:32.950
yesterday with with what we had, we
00:04:32.960 --> 00:04:34.950
broke a key trend line. So, I I even
00:04:34.960 --> 00:04:35.909
told people yesterday, I was like,
00:04:35.919 --> 00:04:37.350
"Maybe I end up being wrong on this one.
00:04:37.360 --> 00:04:39.350
Maybe we don't end up hitting 75K on the
00:04:39.360 --> 00:04:41.350
dot and we might make a move up there."
00:04:41.360 --> 00:04:44.310
But again, we had a today's big big
00:04:44.320 --> 00:04:46.070
negative candle. We wiped out all of
00:04:46.080 --> 00:04:48.390
yesterday's gains and we've come down as
00:04:48.400 --> 00:04:53.749
low as 754 now. Um, so no, to me the the
00:04:53.759 --> 00:04:55.110
biggest thing I'm looking at right now,
00:04:55.120 --> 00:04:58.310
Paul, is it feels like the sky is
00:04:58.320 --> 00:05:00.070
falling. If you take if you turn the
00:05:00.080 --> 00:05:01.030
chart off
00:05:01.040 --> 00:05:03.590
>> and you just read Twitter or you read
00:05:03.600 --> 00:05:04.950
headlines, you
00:05:04.960 --> 00:05:06.310
>> It's bad out there.
00:05:06.320 --> 00:05:07.670
>> You would think Bitcoin's price is at
00:05:07.680 --> 00:05:08.870
like 60k right now.
00:05:08.880 --> 00:05:09.189
>> Yeah.
00:05:09.199 --> 00:05:11.590
>> But it's still above 75,000. something
00:05:11.600 --> 00:05:13.430
that I knew, you know, we knew the
00:05:13.440 --> 00:05:14.950
Democrats were going to win the the
00:05:14.960 --> 00:05:17.670
midterms a long time ago, but a month
00:05:17.680 --> 00:05:18.950
and a half ago when I started calling
00:05:18.960 --> 00:05:21.430
for 75K, I didn't know every little
00:05:21.440 --> 00:05:22.950
detail how things would play out. But I
00:05:22.960 --> 00:05:24.710
looked at the charts and I said, "The
00:05:24.720 --> 00:05:27.189
charts are screaming at me that these
00:05:27.199 --> 00:05:29.029
elites, these whales, even the
00:05:29.039 --> 00:05:30.550
institutions who I think still want to
00:05:30.560 --> 00:05:32.390
get into crypto long-term, they want
00:05:32.400 --> 00:05:34.790
Bitcoin to pull back and they will find
00:05:34.800 --> 00:05:37.430
excuses to post in the headlines to
00:05:37.440 --> 00:05:39.590
scare retail investors into selling so
00:05:39.600 --> 00:05:41.670
they can get prices down there." And
00:05:41.680 --> 00:05:43.270
what we saw this morning and and I know
00:05:43.280 --> 00:05:44.469
we're going to get into it on the show
00:05:44.479 --> 00:05:46.629
with the AI scare and what Democrats are
00:05:46.639 --> 00:05:48.790
are thinking to do day one in office in
00:05:48.800 --> 00:05:51.189
January. It was the perfect headline to
00:05:51.199 --> 00:05:52.710
take advantage, excuse me, take
00:05:52.720 --> 00:05:55.110
advantage of retail investors emotions
00:05:55.120 --> 00:05:57.990
and drop price. But once again, zoom
00:05:58.000 --> 00:06:00.310
out, take your emotions out of it, take
00:06:00.320 --> 00:06:02.230
news out of it for a second and ask, did
00:06:02.240 --> 00:06:04.950
anything break on the charts? The answer
00:06:04.960 --> 00:06:06.629
is no. This is all a part of the plan
00:06:06.639 --> 00:06:08.550
that I thought would happen almost two
00:06:08.560 --> 00:06:10.550
months ago and and and we're doing a
00:06:10.560 --> 00:06:12.309
good job of sticking to that plan.
00:06:12.319 --> 00:06:15.189
>> Yeah.
Well, I think what surprised a lot
00:06:15.199 --> 00:06:18.150
of people was just the overwhelming
00:06:18.160 --> 00:06:21.189
destruction of the Republican party in
00:06:21.199 --> 00:06:22.950
most of these. So, I mean, this is
00:06:22.960 --> 00:06:25.670
putting uh essentially a whole new
00:06:25.680 --> 00:06:27.510
roster, and we'll talk about this in a
00:06:27.520 --> 00:06:30.309
second, into the Senate and obviously
00:06:30.319 --> 00:06:33.270
the House that uh could start to stir
00:06:33.280 --> 00:06:36.550
things up around crypto. AI data centers
00:06:36.560 --> 00:06:38.469
obviously we'll see it there's already
00:06:38.479 --> 00:06:39.990
>> you know news out there talking about
00:06:40.000 --> 00:06:41.510
that but to your point there could be
00:06:41.520 --> 00:06:42.950
some push back obviously from the
00:06:42.960 --> 00:06:45.110
president's office
00:06:45.120 --> 00:06:47.510
>> goes on that topic Paul real quickly is
00:06:47.520 --> 00:06:50.070
this the destruction of the Republican
00:06:50.080 --> 00:06:52.309
party or is it the breaking of the
00:06:52.319 --> 00:06:54.629
failed MAGA experience remember the
00:06:54.639 --> 00:06:56.150
Republican party didn't really love
00:06:56.160 --> 00:06:58.790
Trump back in 2016 he was coming with
00:06:58.800 --> 00:07:01.990
his fresh wave and and so call the MAGA
00:07:02.000 --> 00:07:03.990
experience an experiment
00:07:04.000 --> 00:07:05.430
>> it's looking like the experiment has
00:07:05.440 --> 00:07:07.430
fallen. D Santis, the the current
00:07:07.440 --> 00:07:08.870
governor of Florida, but he's going to
00:07:08.880 --> 00:07:09.990
be the former one here in a couple of
00:07:10.000 --> 00:07:11.589
months. Uh he's setting himself up
00:07:11.599 --> 00:07:12.870
really well to potentially be the new
00:07:12.880 --> 00:07:14.870
face of the Republican party. JD Vance,
00:07:14.880 --> 00:07:16.790
the vice president, has created some
00:07:16.800 --> 00:07:18.230
distance between himself and Donald
00:07:18.240 --> 00:07:19.830
Trump. And there's reports right now
00:07:19.840 --> 00:07:21.749
that Rubio might be resigning here soon
00:07:21.759 --> 00:07:24.390
to maybe create his own distance. So, I
00:07:24.400 --> 00:07:26.390
think we're seeing a fracturing of this
00:07:26.400 --> 00:07:28.710
this experiment of MAGA taking over
00:07:28.720 --> 00:07:30.870
Republican party. Are we going to see
00:07:30.880 --> 00:07:33.029
that fail and maybe Republicans return
00:07:33.039 --> 00:07:34.629
to something they saw and wanted to be
00:07:34.639 --> 00:07:36.070
before 2016?
00:07:36.080 --> 00:07:39.189
>> It's good possibility. And also the
00:07:39.199 --> 00:07:43.350
essence of what Trump and the family in
00:07:43.360 --> 00:07:45.670
general were trying to do in the first
00:07:45.680 --> 00:07:49.110
two years. I mean, we saw so many
00:07:49.120 --> 00:07:52.390
issues in crypto in general just by this
00:07:52.400 --> 00:07:53.749
administration
00:07:53.759 --> 00:07:56.070
>> that uh under any other administration,
00:07:56.080 --> 00:07:57.270
I don't even know how this would have
00:07:57.280 --> 00:07:58.710
gotten through. But, you know, we're
00:07:58.720 --> 00:08:00.869
we're continuing to see that. What it
00:08:00.879 --> 00:08:02.469
has done, though, it has started to set
00:08:02.479 --> 00:08:05.830
the tone for a possibly a prolonged war
00:08:05.840 --> 00:08:08.550
in the Middle East. Uh, you've got a
00:08:08.560 --> 00:08:11.990
potential real black swan possibility if
00:08:12.000 --> 00:08:14.629
this thing goes longer. And if you look
00:08:14.639 --> 00:08:18.230
at the oil chart right now, Tim, and you
00:08:18.240 --> 00:08:21.350
consider what happened with the Democrat
00:08:21.360 --> 00:08:23.909
overwhelming victory
00:08:23.919 --> 00:08:27.830
and maybe the complete restructuring of
00:08:27.840 --> 00:08:31.510
how Congress is going to go after this,
00:08:31.520 --> 00:08:33.509
do you think this is a risk or do you
00:08:33.519 --> 00:08:35.589
think this could continue down the track
00:08:35.599 --> 00:08:38.630
of money going to Israel and a sustained
00:08:38.640 --> 00:08:41.829
water war in the Middle East?
00:08:41.839 --> 00:08:44.149
Listen, anything's possible, but reports
00:08:44.159 --> 00:08:45.990
are suggesting Donald Trump is even
00:08:46.000 --> 00:08:47.350
saying he's removing funding from
00:08:47.360 --> 00:08:48.790
Israel. He's realized that was a
00:08:48.800 --> 00:08:52.550
mistake. JD Vance again publicly went
00:08:52.560 --> 00:08:54.470
against what the White House has done,
00:08:54.480 --> 00:08:56.150
blaming the Iran war and the
00:08:56.160 --> 00:08:57.590
relationship America has with Israel was
00:08:57.600 --> 00:08:59.590
as to why the Republicans lost. When you
00:08:59.600 --> 00:09:01.269
look at the oil chart right here, this
00:09:01.279 --> 00:09:02.470
is one of the reasons why yesterday was
00:09:02.480 --> 00:09:03.590
a little confusing to me. Of course, you
00:09:03.600 --> 00:09:05.509
had Bitcoin pumping up and breaking some
00:09:05.519 --> 00:09:08.630
resistance. You had oil lose a trend
00:09:08.640 --> 00:09:10.310
line of support that we've been above
00:09:10.320 --> 00:09:12.870
since back on July 2nd. Right? So,
00:09:12.880 --> 00:09:14.550
here's what I've been watching today.
00:09:14.560 --> 00:09:16.230
Anyone wondering, man, are we freaking
00:09:16.240 --> 00:09:17.190
out about the Iran? I know there's
00:09:17.200 --> 00:09:18.310
rumors out there that we might
00:09:18.320 --> 00:09:20.870
reescalate the war with Iran, the oil
00:09:20.880 --> 00:09:22.389
charts, yeah, they're bouncing. They
00:09:22.399 --> 00:09:24.310
bounced off this 200 day moving average
00:09:24.320 --> 00:09:26.310
right here, but they're not climbing
00:09:26.320 --> 00:09:27.990
like crazy. You take a look at lower
00:09:28.000 --> 00:09:29.990
time frames. I mean, look at the cross
00:09:30.000 --> 00:09:31.670
the cross reference here between where
00:09:31.680 --> 00:09:34.150
oil was yesterday versus this bounce.
00:09:34.160 --> 00:09:35.350
And then you take a look at Bitcoin's
00:09:35.360 --> 00:09:37.990
price where Bitcoin was yesterday and
00:09:38.000 --> 00:09:39.269
where it was yesterday morning. And
00:09:39.279 --> 00:09:42.070
we've removed all the gains. Oil on the
00:09:42.080 --> 00:09:43.829
other hand has not removed all the
00:09:43.839 --> 00:09:46.470
losses. So healthy little bounce here on
00:09:46.480 --> 00:09:48.550
oil after a massive drop, but nothing's
00:09:48.560 --> 00:09:50.710
screaming at me on the oil chart. It
00:09:50.720 --> 00:09:52.230
seems like there's more momentum towards
00:09:52.240 --> 00:09:54.230
a peace deal than there is momentum
00:09:54.240 --> 00:09:55.910
towards an escalation. I think Trump
00:09:55.920 --> 00:09:57.990
wants out. America clearly wants out.
00:09:58.000 --> 00:09:59.750
Iran wants out. And it does seem like
00:09:59.760 --> 00:10:01.910
the sides are softening on what they're
00:10:01.920 --> 00:10:03.350
willing to put up with from each other
00:10:03.360 --> 00:10:04.470
to end this war.
00:10:04.480 --> 00:10:06.230
>> Yeah. Well, one thing that would change
00:10:06.240 --> 00:10:09.590
it, the trajectory at least is what is
00:10:09.600 --> 00:10:11.350
breaking right now is that Trump has
00:10:11.360 --> 00:10:13.829
been asking advisor, should he fire US
00:10:13.839 --> 00:10:17.269
secretary Pete Hedth seems as though he
00:10:17.279 --> 00:10:19.430
is on the block possibly for at least an
00:10:19.440 --> 00:10:22.150
impeachment and most likely an outage.
00:10:22.160 --> 00:10:24.150
Now, there's some people targeting that
00:10:24.160 --> 00:10:26.230
this could happen just in the next few
00:10:26.240 --> 00:10:27.829
weeks or by end of year.
00:10:27.839 --> 00:10:32.710
>> Yeah. If HGsth gets removed and we get
00:10:32.720 --> 00:10:35.190
someone in there that is maybe has a
00:10:35.200 --> 00:10:37.590
little bit more temperament as an
00:10:37.600 --> 00:10:40.710
adviser to the president and then they
00:10:40.720 --> 00:10:43.030
get him in a position where he maybe has
00:10:43.040 --> 00:10:44.790
an escape hatch though it may not be a
00:10:44.800 --> 00:10:46.389
great one at least it would be ace an
00:10:46.399 --> 00:10:47.910
escape hatch
00:10:47.920 --> 00:10:49.670
>> uh and the fact that they're talking
00:10:49.680 --> 00:10:52.069
about defunding Israel I mean don't you
00:10:52.079 --> 00:10:55.030
think that would be a big market boom at
00:10:55.040 --> 00:10:55.990
that point
00:10:56.000 --> 00:10:58.949
>> 100% 100% and That's the the other thing
00:10:58.959 --> 00:11:00.870
is again how this will affect the I'm
00:11:00.880 --> 00:11:01.829
just going to be glad it affects the
00:11:01.839 --> 00:11:03.430
markets. Well, Trump needs his
00:11:03.440 --> 00:11:05.509
scapegoat. Hexith's head's on the
00:11:05.519 --> 00:11:07.910
chopping block. Uh I think that it's
00:11:07.920 --> 00:11:10.470
just painfully obvious the rel JD
00:11:10.480 --> 00:11:12.310
Vance's tweet if people have not read
00:11:12.320 --> 00:11:14.150
his tweet from yesterday. I encourage
00:11:14.160 --> 00:11:15.190
it's it's not going to take you two
00:11:15.200 --> 00:11:16.310
seconds to read. It's a pretty long
00:11:16.320 --> 00:11:17.910
tweet. I encourage you to read it. I
00:11:17.920 --> 00:11:19.509
think he broke it down beautifully what
00:11:19.519 --> 00:11:21.509
went wrong. And even Donald Trump's
00:11:21.519 --> 00:11:23.190
remarks to it. Donald Trump should have
00:11:23.200 --> 00:11:24.550
been offended by it, but it sound like
00:11:24.560 --> 00:11:26.710
Donald Trump was like, "Yeah, JD's
00:11:26.720 --> 00:11:28.949
smart." And so it whether Trump's waking
00:11:28.959 --> 00:11:30.470
up to it or I don't know what you would
00:11:30.480 --> 00:11:33.509
call it. He's realizing I can't keep
00:11:33.519 --> 00:11:35.750
this going. This is a massive mistake.
00:11:35.760 --> 00:11:37.430
But now I can't admit that was wrong. So
00:11:37.440 --> 00:11:39.590
let me just try to blame Netanyahu. Let
00:11:39.600 --> 00:11:41.829
me try to blame Hegsid and how let me
00:11:41.839 --> 00:11:44.150
blame other people. End our relationship
00:11:44.160 --> 00:11:45.750
and then and then I'll have my excuse
00:11:45.760 --> 00:11:47.509
like oh I was I was receiving bad
00:11:47.519 --> 00:11:48.710
information. Me is where we're getting
00:11:48.720 --> 00:11:51.509
out of this war now. And all along again
00:11:51.519 --> 00:11:52.870
he had full control the whole
00:11:52.880 --> 00:11:57.670
>> Yeah. Well, you've got uh now Rubio even
00:11:57.680 --> 00:12:00.069
potentially stepping aside. Rubio is on
00:12:00.079 --> 00:12:01.829
resignation watch. Sources say he's
00:12:01.839 --> 00:12:03.509
planning quit secretary of state job to
00:12:03.519 --> 00:12:05.990
launch a 2028 presidential bid,
00:12:06.000 --> 00:12:07.750
>> wanting to distance himself from the
00:12:07.760 --> 00:12:11.110
Trump and the Iran Iranian war. I don't
00:12:11.120 --> 00:12:12.790
know if this would happen and I'm still
00:12:12.800 --> 00:12:14.550
questioning whether or not Rubio will
00:12:14.560 --> 00:12:17.269
actually run for president. I know a lot
00:12:17.279 --> 00:12:18.790
of people are pointing to him as a
00:12:18.800 --> 00:12:20.949
possibility, but I just think he may go
00:12:20.959 --> 00:12:22.629
to the private sector and, you know, try
00:12:22.639 --> 00:12:24.949
to, you know, benefit from that.
00:12:24.959 --> 00:12:27.750
>> Uh, we'll see. But there's a lot
00:12:27.760 --> 00:12:29.910
>> happening right now. Up to five cabinet
00:12:29.920 --> 00:12:32.310
me members are now reported to be
00:12:32.320 --> 00:12:33.829
preparing to exit.
00:12:33.839 --> 00:12:34.310
>> Yeah.
00:12:34.320 --> 00:12:35.590
>> Administration.
00:12:35.600 --> 00:12:37.430
>> Rubio's Rubio's very smart and very
00:12:37.440 --> 00:12:38.470
bright. And I know we're not trying to
00:12:38.480 --> 00:12:40.069
get too political. I I think right now
00:12:40.079 --> 00:12:42.230
if I'm a better I'm a better on what the
00:12:42.240 --> 00:12:44.150
Republican part is going to do.
00:12:44.160 --> 00:12:45.750
>> You'll probably have a couple of decent
00:12:45.760 --> 00:12:47.990
candidates, but I think the stink on JD
00:12:48.000 --> 00:12:49.670
is just a little too strong. There's a
00:12:49.680 --> 00:12:51.190
lot of work there to get off him. I
00:12:51.200 --> 00:12:53.110
think D Santis is setting himself in a
00:12:53.120 --> 00:12:54.389
very good position. And of course,
00:12:54.399 --> 00:12:56.550
Rubio's from Florida. Could Could a D
00:12:56.560 --> 00:12:58.550
Santis Rubio ticket be the savior for
00:12:58.560 --> 00:13:00.470
the Republican party in 2028?
00:13:00.480 --> 00:13:02.150
>> It's not at this point. That would be my
00:13:02.160 --> 00:13:02.710
favorite ticket.
00:13:02.720 --> 00:13:04.230
>> That would be an interesting ticket for
00:13:04.240 --> 00:13:04.710
sure.
00:13:04.720 --> 00:13:05.110
>> Yeah.
00:13:05.120 --> 00:13:07.269
>> Uh Dantis, I don't know. I'm still a
00:13:07.279 --> 00:13:09.590
little bit on the on the waffle for I
00:13:09.600 --> 00:13:12.389
mean he could get strong but his his
00:13:12.399 --> 00:13:14.230
last time and he probably learned a lot
00:13:14.240 --> 00:13:16.230
from that you know just in being able to
00:13:16.240 --> 00:13:17.910
embrace it. Listen he's done a good job
00:13:17.920 --> 00:13:20.310
in Florida. I can't I can't even argue
00:13:20.320 --> 00:13:22.230
that he's been one of the best governors
00:13:22.240 --> 00:13:23.910
for the state of Florida
00:13:23.920 --> 00:13:26.710
>> that has ever happened. So uh I'm sad to
00:13:26.720 --> 00:13:29.829
see him go. Glad to see you know Byron
00:13:29.839 --> 00:13:31.190
coming in. So
00:13:31.200 --> 00:13:33.910
>> Byron just just keep keep Dantis on that
00:13:33.920 --> 00:13:35.990
speed dial and call him ask. Hey man,
00:13:36.000 --> 00:13:37.269
what do I do here?
00:13:37.279 --> 00:13:39.829
>> Uh, so hey, listen. You put out a a poll
00:13:39.839 --> 00:13:41.990
and I wanted to emulate this poll. You
00:13:42.000 --> 00:13:43.750
had was the Democrats winning the House
00:13:43.760 --> 00:13:45.269
and the Senate good or bad for crypto.
00:13:45.279 --> 00:13:49.110
Right now it's standing at 4554,
00:13:49.120 --> 00:13:50.790
>> 175 votes in.
00:13:50.800 --> 00:13:51.269
>> Yeah.
00:13:51.279 --> 00:13:52.949
>> See where my poll is standing. All
00:13:52.959 --> 00:13:55.509
right, this one's at about 500 votes in.
00:13:55.519 --> 00:13:58.870
Uh, I just put it up. It's a 6237
00:13:58.880 --> 00:14:01.110
right now. Bad for crypto. So, I don't
00:14:01.120 --> 00:14:03.509
know, guys. I'm actually a contrarian to
00:14:03.519 -->
00:14:05.590
this. I'm not saying that this is good
00:14:05.600 --> 00:14:09.110
for crypto, but I'm not saying that this
00:14:09.120 --> 00:14:11.750
is bad. I feel that this is there's a
00:14:11.760 --> 00:14:15.829
lot to be discovered just yet to really
00:14:15.839 --> 00:14:17.910
understand where this is going to
00:14:17.920 --> 00:14:20.629
navigate. I don't automatically just
00:14:20.639 --> 00:14:22.629
jump to, oh my god, you know, the sky is
00:14:22.639 --> 00:14:23.990
falling. Granted, we're going to see
00:14:24.000 --> 00:14:25.990
volatility. No doubt. Oh yeah,
00:14:26.000 --> 00:14:27.670
>> this is the first taste. You guys just
00:14:27.680 --> 00:14:29.269
got two trillion.
00:14:29.279 --> 00:14:32.550
>> I hope people will hopefully cool down a
00:14:32.560 --> 00:14:33.350
little bit. We'll see.
00:14:33.360 --> 00:14:35.189
>> Yeah, people are people are just a
00:14:35.199 --> 00:14:36.389
little too emotional right now.
00:14:36.399 --> 00:14:38.870
Elections always come with emotions. Um
00:14:38.880 --> 00:14:40.949
remember the emotions in 2024, they were
00:14:40.959 --> 00:14:42.710
static. Donald Trump is going to save
00:14:42.720 --> 00:14:43.750
the crypto markets.
00:14:43.760 --> 00:14:44.069
>> Yep.
00:14:44.079 --> 00:14:46.150
>> And what did he do in his first 90 days?
00:14:46.160 --> 00:14:48.230
He he killed all momentum that the bull
00:14:48.240 --> 00:14:51.750
market had. So emotions sometimes don't
00:14:51.760 --> 00:14:53.829
tell us the truth. And there's I'll say
00:14:53.839 --> 00:14:54.949
this real quick, Paul. There's two
00:14:54.959 --> 00:14:57.670
reasons I'm confident. Number one, maybe
00:14:57.680 --> 00:14:59.509
they're lying. But if you look at the
00:14:59.519 --> 00:15:01.670
Democrats who won, we actually now have
00:15:01.680 --> 00:15:03.269
more pro- crypto senators and
00:15:03.279 --> 00:15:05.509
congressmen than we had uh before,
00:15:05.519 --> 00:15:06.949
right? So, they could be lying, but
00:15:06.959 --> 00:15:08.230
that's one reason to be feeling good.
00:15:08.240 --> 00:15:09.750
But let's just pretend that people are
00:15:09.760 --> 00:15:11.189
right that Democrats are going to come
00:15:11.199 --> 00:15:13.670
in and create bills that are are bad for
00:15:13.680 --> 00:15:15.750
the crypto market. Guess what we have
00:15:15.760 --> 00:15:18.150
for the next two years? Gridlock.
00:15:18.160 --> 00:15:20.629
Anything they do or try to pass, Donald
00:15:20.639 --> 00:15:22.710
Trump can veto with one little swipe of
00:15:22.720 --> 00:15:25.189
his hand and nothing changes. I'm going
00:15:25.199 --> 00:15:28.230
to argue that because I feel like Trump
00:15:28.240 --> 00:15:30.389
is going to try to make some deals.
00:15:30.399 --> 00:15:30.790
>> Um,
00:15:30.800 --> 00:15:32.790
>> you think on the chopping block there?
00:15:32.800 --> 00:15:34.710
>> Yeah, I think deals I don't know if it
00:15:34.720 --> 00:15:35.829
is, but yeah,
00:15:35.839 --> 00:15:39.509
>> I think there will be softness to the
00:15:39.519 --> 00:15:41.910
way he's negotiating because he's going
00:15:41.920 --> 00:15:43.430
to want to get certain things across the
00:15:43.440 --> 00:15:45.910
line before he leaves. And at the same
00:15:45.920 --> 00:15:47.990
time, to get that done, he's going to
00:15:48.000 --> 00:15:49.829
have to give something up. So that's my
00:15:49.839 --> 00:15:51.509
concern is that if there is anything
00:15:51.519 --> 00:15:53.749
that could fall in that. Now what saves
00:15:53.759 --> 00:15:56.230
that is what I'm showing on screen right
00:15:56.240 --> 00:15:57.990
now. This was Bitwise head of research
00:15:58.000 --> 00:15:59.990
Ryan. We've had him on before and he
00:16:00.000 --> 00:16:03.350
said um 51 senators across 31 states now
00:16:03.360 --> 00:16:05.749
pro proc crypto after the midterms. 19
00:16:05.759 --> 00:16:08.790
states now home to two pro crypto
00:16:08.800 --> 00:16:09.990
senators.
00:16:10.000 --> 00:16:13.350
>> That's crazy. 19 states are all crypto.
00:16:13.360 --> 00:16:13.829
>> Y
00:16:13.839 --> 00:16:17.189
>> uh which is good. And I think that we're
00:16:17.199 --> 00:16:19.189
going to see, and I talked to this about
00:16:19.199 --> 00:16:22.949
um this very issue with uh Weissakon
00:16:22.959 --> 00:16:25.509
yesterday, uh and Kevin and I got into I
00:16:25.519 --> 00:16:27.030
was like, "Hey, listen. I think that
00:16:27.040 --> 00:16:30.389
these new kids coming in are going to
00:16:30.399 --> 00:16:34.310
help, you know, lawyer, not lawyer up,
00:16:34.320 --> 00:16:38.870
but learn up um learn up crypto for some
00:16:38.880 --> 00:16:41.990
of the existing senators and uh and
00:16:42.000 --> 00:16:42.629
reps."
00:16:42.639 --> 00:16:44.310
>> Agreed. maybe getting them across the
00:16:44.320 --> 00:16:45.829
line on understanding what's going on.
00:16:45.839 --> 00:16:46.470
We'll see.
00:16:46.480 --> 00:16:48.310
>> And and Paul, my only my only going back
00:16:48.320 --> 00:16:49.749
to what we were saying beforehand, but
00:16:49.759 --> 00:16:51.269
but if you go back to the Clarity Act,
00:16:51.279 --> 00:16:53.030
what why did the Clarity Act fail? There
00:16:53.040 --> 00:16:54.230
was two reasons the Clarity Act fail.
00:16:54.240 --> 00:16:55.590
One of them was complaints from the
00:16:55.600 --> 00:16:57.430
banking side of it, but even some
00:16:57.440 --> 00:16:59.269
Republican senators sided with the bank.
00:16:59.279 --> 00:17:00.550
So, it's not like that was a clear-cut
00:17:00.560 --> 00:17:02.550
Republican issue. What was the main
00:17:02.560 --> 00:17:04.630
reason the Clarity Act failed was not
00:17:04.640 --> 00:17:06.069
because the Democrats didn't want to
00:17:06.079 --> 00:17:07.270
vote for every other detail of the
00:17:07.280 --> 00:17:09.110
Clarity Act. It's because it was the
00:17:09.120 --> 00:17:10.870
regulation on Trump's family. there was
00:17:10.880 -->
00:17:12.630
a personal attack against Trump's
00:17:12.640 --> 00:17:14.949
family. And so the reason why I don't
00:17:14.959 --> 00:17:17.429
think Trump is going to negotiate too
00:17:17.439 --> 00:17:18.949
much with Democrats on what the clerk
00:17:18.959 --> 00:17:20.710
looks like is cuz they're still going to
00:17:20.720 --> 00:17:22.710
want his head. They're going to want his
00:17:22.720 --> 00:17:24.309
blood. And he's not going to agree to
00:17:24.319 --> 00:17:25.590
that. He's going to veto anything that
00:17:25.600 --> 00:17:27.510
that comes after his family. He will
00:17:27.520 --> 00:17:29.669
veto. I agree with you. He's going to
00:17:29.679 --> 00:17:32.070
make he's going to make some exceptions
00:17:32.080 --> 00:17:34.150
to some things to do some deals with the
00:17:34.160 --> 00:17:37.430
Democrats. But I I'm me personally, I'm
00:17:37.440 --> 00:17:40.390
not worried about crazy bad crypto
00:17:40.400 --> 00:17:42.310
legislation. I'm also not worried about
00:17:42.320 --> 00:17:45.110
AI legislation. I think he understands
00:17:45.120 --> 00:17:47.029
AI is the future and America cannot
00:17:47.039 --> 00:17:49.190
afford to fall behind China. So this
00:17:49.200 --> 00:17:50.870
this threat that's causing the big crash
00:17:50.880 --> 00:17:52.789
today that the Democrats day one are
00:17:52.799 --> 00:17:55.510
create bills to ban AI production and y
00:17:55.520 --> 00:17:57.270
and growth, he's going to he's going to
00:17:57.280 --> 00:17:58.630
veto every single one of them and we're
00:17:58.640 --> 00:17:59.830
going to be at gridlock on those two
00:17:59.840 --> 00:18:02.230
sectors. Well, you've got uh Democrats
00:18:02.240 --> 00:18:03.990
Democrats now preparing aggressive
00:18:04.000 --> 00:18:06.710
investigations into Trump's crypto
00:18:06.720 --> 00:18:08.710
ventures, specifically deals with law
00:18:08.720 --> 00:18:10.950
firms, the potential pardoning of
00:18:10.960 --> 00:18:13.270
donors, uh all this. Now, you got oil
00:18:13.280 --> 00:18:14.950
companies also have been put on notice
00:18:14.960 --> 00:18:15.990
because there's deals out there
00:18:16.000 --> 00:18:17.990
potentially with them. Basically, you're
00:18:18.000 --> 00:18:21.190
going to have an array of hearings that
00:18:21.200 --> 00:18:22.789
are going to come in front of this. I
00:18:22.799 --> 00:18:24.630
just think this is going to fill up a
00:18:24.640 --> 00:18:25.430
lot of time.
00:18:25.440 --> 00:18:25.750
>> Yeah.
00:18:25.760 --> 00:18:27.430
>> And it's going to waste a lot of time
00:18:27.440 --> 00:18:30.310
going forward. And if the if the
00:18:30.320 --> 00:18:33.510
Democrats are smart, this is a chance
00:18:33.520 --> 00:18:35.669
that they have to possibly take the
00:18:35.679 --> 00:18:38.390
White House if they use it right. If
00:18:38.400 --> 00:18:40.710
they don't use it right and they go on,
00:18:40.720 --> 00:18:42.870
you know, basically vendettas, then I
00:18:42.880 --> 00:18:45.029
think that could be a, you know, a
00:18:45.039 --> 00:18:46.789
potential backfire for him. I don't
00:18:46.799 --> 00:18:47.190
know.
00:18:47.200 --> 00:18:48.950
>> Can the dog stop chasing his tail?
00:18:48.960 --> 00:18:50.390
That's the question here, Bill.
00:18:50.400 --> 00:18:51.909
>> Hey, I've got a clip here because this
00:18:51.919 --> 00:18:55.190
is Tom Lee talking about the Dems
00:18:55.200 --> 00:18:57.350
looking to pass legislation. Take a
00:18:57.360 --> 00:18:58.390
look.
00:18:58.400 --> 00:18:59.909
I know a lot of people thought a blue
00:18:59.919 --> 00:19:02.470
tsunami might be bad for markets, but I
00:19:02.480 --> 00:19:04.070
think it's going to force Washington to
00:19:04.080 --> 00:19:06.310
sort of now negotiate, which is a good
00:19:06.320 --> 00:19:08.789
thing. I think the Fed now can work more
00:19:08.799 --> 00:19:10.150
independently. We don't have to worry
00:19:10.160 --> 00:19:12.710
about FOMC members doing credibility
00:19:12.720 --> 00:19:14.950
hikes and compute's going to get scarce
00:19:14.960 --> 00:19:17.110
if everyone starts using tokens and then
00:19:17.120 --> 00:19:18.710
prices will go up and then we're going
00:19:18.720 --> 00:19:20.950
to talk about bottlenecks again. So, I I
00:19:20.960 --> 00:19:23.270
actually think as the days pass, the AI
00:19:23.280 --> 00:19:25.350
trade's very much alive. But crypto's
00:19:25.360 --> 00:19:26.630
rallying because, as you know, the
00:19:26.640 --> 00:19:28.870
Democrats are now pushing crypto
00:19:28.880 --> 00:19:30.789
legislation, which they opposed just
00:19:30.799 --> 00:19:32.470
before the midterms. So now they want to
00:19:32.480 --> 00:19:34.470
actually pass crypto legislation.
00:19:34.480 --> 00:19:35.990
>> I don't think Donald Trump is going to
00:19:36.000 --> 00:19:38.549
sacrifice his stance on AI or crypto. I
00:19:38.559 --> 00:19:40.310
think he he understands and I think it's
00:19:40.320 --> 00:19:42.630
a good thing America needs to be the
00:19:42.640 --> 00:19:45.430
leader in the world of both crypto
00:19:45.440 --> 00:19:47.350
development and AI development. So that
00:19:47.360 --> 00:19:49.110
one he does not want to sacrifice where
00:19:49.120 --> 00:19:51.190
he stands firmly on. Where are two other
00:19:51.200 --> 00:19:52.950
areas that I think he could sacrifice?
00:19:52.960 --> 00:19:55.750
They're the two areas that lost him this
00:19:55.760 --> 00:19:58.070
midterm election. His stance and his
00:19:58.080 --> 00:19:59.750
relationship with Israel and involvement
00:19:59.760 --> 00:20:02.630
in this war with Iran and his stance on
00:20:02.640 --> 00:20:04.630
tariffs. I think if you're if we're
00:20:04.640 --> 00:20:06.630
looking where Donald Trump's going to
00:20:06.640 --> 00:20:08.310
bow down and do deals with the
00:20:08.320 --> 00:20:09.909
Democrats, he's going to say, "Give me
00:20:09.919 --> 00:20:11.510
what I want and I'll give you these
00:20:11.520 --> 00:20:13.590
things. We'll we'll we'll get rid of the
00:20:13.600 --> 00:20:15.110
tariffs and I will change our
00:20:15.120 --> 00:20:16.950
relationship with Israel."
00:20:16.960 --> 00:20:19.590
>> I think those are the two easy things he
00:20:19.600 --> 00:20:21.830
could get done. Uh, and it's possible
00:20:21.840 --> 00:20:23.510
that might be enough for some of the
00:20:23.520 --> 00:20:25.350
Democrats. I don't know. I still think
00:20:25.360 --> 00:20:27.270
the the vendettas may
00:20:27.280 --> 00:20:29.350
>> Elizabeth Warren wants blood. Elizabeth,
00:20:29.360 --> 00:20:30.630
>> I was going to say blood's in the water
00:20:30.640 --> 00:20:31.350
right now.
00:20:31.360 --> 00:20:31.750
>> Yeah,
00:20:31.760 --> 00:20:34.310
>> it's a tough one. Is ETH in correlation
00:20:34.320 --> 00:20:37.590
to Bitcoin also coming down?
00:20:37.600 --> 00:20:40.230
>> Do you feel like ETH has got any better
00:20:40.240 --> 00:20:42.630
of a chance in being able to get a
00:20:42.640 --> 00:20:44.310
rebound on this current dip right now?
00:20:44.320 --> 00:20:45.430
Or do you feel like this is going to
00:20:45.440 --> 00:20:48.230
continue to track track with Bitcoin?
00:20:48.240 --> 00:20:49.990
>> Well, yeah. I mean, so let's just even
00:20:50.000 --> 00:20:51.590
focus on them on the hourly chart here
00:20:51.600 --> 00:20:52.789
so you can see it more clearly. You
00:20:52.799 --> 00:20:54.149
know, Bitcoin
00:20:54.159 --> 00:20:55.909
>> this morning, like within the last
00:20:55.919 --> 00:20:57.990
couple of hours, hit a brand new low for
00:20:58.000 --> 00:21:00.230
this whole pullback. Ethereum's holding
00:21:00.240 --> 00:21:02.149
up better. Ethereum's low came in all
00:21:02.159 --> 00:21:04.630
the way over here back on October 29th,
00:21:04.640 --> 00:21:06.549
right? And and even that, like with
00:21:06.559 --> 00:21:07.750
Bitcoin, I was tracking like for
00:21:07.760 --> 00:21:09.909
Bitcoin, for me to call Bitcoin a bigger
00:21:09.919 --> 00:21:11.590
breakout, I needed Bitcoin to get back
00:21:11.600 --> 00:21:14.870
above like 83 84,000. for Ethereum.
00:21:14.880 --> 00:21:17.350
Ethereum broke a major trend line of
00:21:17.360 --> 00:21:19.190
resistance here the other day. Now, of
00:21:19.200 --> 00:21:20.470
course, we're back down below it. So,
00:21:20.480 --> 00:21:21.830
this could have ended up being a fake
00:21:21.840 --> 00:21:23.909
out, but when I look at the the floor
00:21:23.919 --> 00:21:25.909
for Ethereum, I actually see a rising
00:21:25.919 --> 00:21:28.230
floor for Ethereum versus a lowering
00:21:28.240 --> 00:21:30.149
floor on Bitcoin. Doesn't mean Ethereum
00:21:30.159 --> 00:21:32.789
can't get back down here. Um, but I like
00:21:32.799 --> 00:21:35.430
the momentum on Ethereum's chart better
00:21:35.440 --> 00:21:37.029
than Bitcoins. Even when I come over
00:21:37.039 --> 00:21:39.029
here and I take a look on the daily
00:21:39.039 --> 00:21:40.950
chart, you know, Ethereum, it didn't
00:21:40.960 --> 00:21:42.870
quite touch it, but got very close to
00:21:42.880 --> 00:21:44.390
that 200 day moving average. Got a lot
00:21:44.400 --> 00:21:45.909
of the a lot of the bearishness out of
00:21:45.919 --> 00:21:47.990
the way early. And when you look at it
00:21:48.000 --> 00:21:49.830
right now, this is my favorite indicator
00:21:49.840 --> 00:21:51.430
I like to use for buying. And and
00:21:51.440 --> 00:21:54.070
nothing's 100%. But but right now, we
00:21:54.080 --> 00:21:56.230
had a a great reversal flash, a green
00:21:56.240 --> 00:21:58.310
dot of momentum, and positive money
00:21:58.320 --> 00:21:59.990
flow. This positive money flow has been
00:22:00.000 --> 00:22:03.029
confirmed now on Bitcoin. This Bitcoin's
00:22:03.039 --> 00:22:04.789
chart for the same daily. It's not
00:22:04.799 --> 00:22:07.190
positive money flow just yet. So, you
00:22:07.200 --> 00:22:09.750
can go off my screen now. I see I'm not
00:22:09.760 --> 00:22:11.190
saying the bottom for Ethereum is
00:22:11.200 --> 00:22:13.110
definitely in, but I am saying the
00:22:13.120 --> 00:22:15.750
momentum and the bullishness on that
00:22:15.760 --> 00:22:17.990
daily chart is advanced on the Ethereum
00:22:18.000 --> 00:22:19.750
chart versus Bitcoin. I think Bitcoin
00:22:19.760 --> 00:22:21.750
could take a little bit more time, maybe
00:22:21.760 --> 00:22:23.909
a couple more days, um, before it starts
00:22:23.919 --> 00:22:25.430
to give us those same signals we got in
00:22:25.440 --> 00:22:27.190
Ethereum here like yesterday.
00:22:27.200 --> 00:22:30.070
>> Yeah. All right. So you like uh ETH a
00:22:30.080 --> 00:22:31.990
little bit better right now at least the
00:22:32.000 --> 00:22:33.990
way it's uh looking in terms of the
00:22:34.000 --> 00:22:35.909
structure the chart structure
00:22:35.919 --> 00:22:39.990
>> you know from a standpoint of um the
00:22:40.000 --> 00:22:42.470
sentiment in the market right now do you
00:22:42.480 --> 00:22:44.390
feel like people are ready to buy the
00:22:44.400 --> 00:22:46.549
dip as it is right now or do you think
00:22:46.559 --> 00:22:50.230
they're feeling that this could go lower
00:22:50.240 --> 00:22:51.750
I don't think there's a massive
00:22:51.760 --> 00:22:53.909
individual sentiment in crypto space
00:22:53.919 --> 00:22:55.430
right now I don't I mean obviously
00:22:55.440 --> 00:22:57.350
hyperlid would be a candidate to say
00:22:57.360 --> 00:22:58.549
maybe there's some indiv individual
00:22:58.559 --> 00:23:01.110
thought on hyperl liquid. Um you have a
00:23:01.120 --> 00:23:02.149
couple others that people have
00:23:02.159 --> 00:23:03.430
individual thoughts, but I think the
00:23:03.440 --> 00:23:05.029
crypto market right now is being traded
00:23:05.039 --> 00:23:07.350
like an indicy, right? People are
00:23:07.360 --> 00:23:09.190
trading like the whole thing together.
00:23:09.200 --> 00:23:11.510
So until you hear you see
some extreme
00:23:11.520 --> 00:23:14.230
optimism on Bitcoin and Ethereum, the
00:23:14.240 --> 00:23:15.350
rest of the market's going to stay
00:23:15.360 --> 00:23:17.510
stifled. But I could see Ethereum
00:23:17.520 --> 00:23:21.190
getting a less bearish draw down than
00:23:21.200 --> 00:23:23.750
Bitcoin and a more bullish rally the
00:23:23.760 --> 00:23:25.350
next time we see a boost on both of
00:23:25.360 --> 00:23:25.750
them.
00:23:25.760 --> 00:23:27.990
>> Right. Hey, let's talk about uh where
00:23:28.000 --> 00:23:29.750
the market could head toward the end of
00:23:29.760 --> 00:23:32.230
the year. I've got a clip here of Mark
00:23:32.240 --> 00:23:34.310
Cudmore talking about that. Here we go.
00:23:34.320 --> 00:23:35.669
>> Because if I'm a hedge fund manager
00:23:35.679 --> 00:23:36.950
sitting here this morning, I've been
00:23:36.960 --> 00:23:39.110
burnt and year end is coming.
00:23:39.120 --> 00:23:40.870
>> Hedge funds are on the defensive. Those
00:23:40.880 --> 00:23:42.630
who've made money really don't want to
00:23:42.640 --> 00:23:44.310
risk it at this time of year. So there's
00:23:44.320 --> 00:23:46.149
there's a lack of appetite to to
00:23:46.159 --> 00:23:48.390
aggressively chase it. In many ways,
00:23:48.400 --> 00:23:50.230
that almost makes it more appealing for
00:23:50.240 --> 00:23:51.990
those like retail who don't care about
00:23:52.000 --> 00:23:54.470
calendar events and such because this is
00:23:54.480 --> 00:23:56.549
a this is a trade which hedge funds are
00:23:56.559 --> 00:23:58.470
not positioned for. They'll be slow to
00:23:58.480 --> 00:24:00.230
get aggressive on. And that means it's
00:24:00.240 --> 00:24:01.909
kind of it's going to be an unloved
00:24:01.919 --> 00:24:04.630
rally because people won't fully own it.
00:24:04.640 --> 00:24:06.789
I like I didn't phrase it that way in my
00:24:06.799 --> 00:24:09.750
brain, but an unloved rally. I like it
00:24:09.760 --> 00:24:11.430
because I do think there's going to be
00:24:11.440 --> 00:24:13.029
people who are not expecting it. It's
00:24:13.039 --> 00:24:15.110
going to be slower. um people aren't
00:24:15.120 --> 00:24:18.070
going to be ready to go all in. And
00:24:18.080 --> 00:24:19.909
again, my my philosophy right now is
00:24:19.919 --> 00:24:21.669
that this is a market manipulation move.
00:24:21.679 --> 00:24:23.510
The writing is on the wall, that crypto
00:24:23.520 --> 00:24:25.510
is in the future, that this is where
00:24:25.520 --> 00:24:27.669
money wants to rotate to. But they can't
00:24:27.679 --> 00:24:29.269
come out and say that. They can't come
00:24:29.279 --> 00:24:30.789
out and say, "All right, everybody,
00:24:30.799 --> 00:24:32.390
let's just go all into crypto. This is
00:24:32.400 --> 00:24:34.070
the next big thing." They've got to
00:24:34.080 --> 00:24:37.350
distract retail investors. So, my my
00:24:37.360 --> 00:24:39.190
expectation is you were on X today. You
00:24:39.200 -->
00:24:40.710
are you're seeing the doomsdayers come
00:24:40.720 --> 00:24:42.470
out. The amount of posts I've seen on
00:24:42.480 --> 00:24:44.870
Xday saying, "Here comes $30,000
00:24:44.880 --> 00:24:47.269
Bitcoin. Here comes 52." I'm just like,
00:24:47.279 --> 00:24:49.350
"Okay, the bears are loud today because
00:24:49.360 --> 00:24:51.190
there's a big red candle."
00:24:51.200 --> 00:24:51.590
>> Yeah.
00:24:51.600 --> 00:24:53.190
>> They're going to stay loud all the way
00:24:53.200 --> 00:24:54.789
until we probably get closer to alltime
00:24:54.799 --> 00:24:55.909
highs because they're going to keep
00:24:55.919 --> 00:24:57.750
these narratives that crypto just can't
00:24:57.760 --> 00:24:59.909
make it. It that's when I think unloved
00:24:59.919 --> 00:25:00.950
rally. That's what I'm thinking. It's a
00:25:00.960 --> 00:25:02.470
rally that that people just aren't fully
00:25:02.480 --> 00:25:03.909
buying until it's too late.
00:25:03.919 --> 00:25:05.590
>> What? Okay. I mean, come on. Look at the
00:25:05.600 --> 00:25:07.510
4hour candle on this thing. We haven't
00:25:07.520 --> 00:25:10.710
seen a 4hour candle on the S&P
00:25:10.720 --> 00:25:12.789
>> in a long time like what we're looking
00:25:12.799 --> 00:25:15.430
at right here dropping in from what was
00:25:15.440 --> 00:25:17.990
a high for the week around 7700 down to
00:25:18.000 --> 00:25:20.470
7390 as we're trading right now. And
00:25:20.480 --> 00:25:22.149
look at gold Tim.
00:25:22.159 --> 00:25:24.149
>> This thing on the 4 hour this thing was
00:25:24.159 --> 00:25:27.830
just banking off the bottom and going
00:25:27.840 --> 00:25:29.909
back up to 4100. So
00:25:29.919 --> 00:25:30.870
>> right
00:25:30.880 --> 00:25:33.750
>> that is an interesting interesting play
00:25:33.760 --> 00:25:36.870
into the end of this year. Uh obviously
00:25:36.880 --> 00:25:38.950
Bitcoin and gold we had some kind of
00:25:38.960 --> 00:25:42.470
some unusual correlation to it earlier
00:25:42.480 --> 00:25:45.110
this month or back in October. But I
00:25:45.120 --> 00:25:46.470
think these are the things to watch
00:25:46.480 --> 00:25:48.630
right now as metals keep a very close
00:25:48.640 --> 00:25:50.149
eye on the S&P because I think we're
00:25:50.159 --> 00:25:52.310
going to continue to see the chips sell
00:25:52.320 --> 00:25:54.230
off. The question is where that bottom
00:25:54.240 --> 00:25:55.590
might be
00:25:55.600 --> 00:25:57.990
>> uh and the correlation to more news
00:25:58.000 --> 00:26:00.549
coming out of the Democratic party
00:26:00.559 --> 00:26:03.110
>> that will maybe give us some indication
00:26:03.120 --> 00:26:04.950
as to what they're really going to try
00:26:04.960 --> 00:26:07.990
to do in January and when they start
00:26:08.000 --> 00:26:09.669
setting their agenda, you know, going
00:26:09.679 --> 00:26:13.510
forward for 2027. So, lots of things
00:26:13.520 --> 00:26:16.390
happening, man. For sure. um any token
00:26:16.400 --> 00:26:19.669
that you're watching right now in say
00:26:19.679 --> 00:26:21.669
the next week or so or something that
00:26:21.679 --> 00:26:23.750
has a little bit more resilience within
00:26:23.760 --> 00:26:25.269
it.
00:26:25.279 --> 00:26:27.590
>> Anything specific?
00:26:27.600 --> 00:26:29.590
>> I don't know if I would pick one out of
00:26:29.600 --> 00:26:31.590
the hat and say this is the one that I
00:26:31.600 --> 00:26:34.549
love more than anything else. Um ones
00:26:34.559 --> 00:26:36.950
that I have my eyes on right now and and
00:26:36.960 --> 00:26:38.630
and it's not because something brand new
00:26:38.640 --> 00:26:40.390
happened. It's because I realized I was
00:26:40.400 --> 00:26:43.110
not aggressive enough. Um, it's a coin
00:26:43.120 --> 00:26:45.190
I've liked, but I realized I need to get
00:26:45.200 --> 00:26:47.430
more aggressive. Um, hyperlquid
00:26:47.440 --> 00:26:48.710
obviously and and one of the reasons why
00:26:48.720 --> 00:26:50.390
is because I I earlier this year I
00:26:50.400 --> 00:26:51.990
wanted I was able to buy some here on
00:26:52.000 --> 00:26:53.750
this blue line around 76. We're back
00:26:53.760 --> 00:26:55.830
down those levels now. I wanted to get
00:26:55.840 --> 00:26:57.990
back down here into the 60s. Didn't get
00:26:58.000 --> 00:26:59.830
it. Um, we are getting a great
00:26:59.840 --> 00:27:01.430
opportunity to get more hype back in
00:27:01.440 --> 00:27:04.630
that 77 uh dollar camp right now. Um,
00:27:04.640 --> 00:27:07.669
the other uh two that I would look at is
00:27:07.679 --> 00:27:09.669
near and and this is one a couple weeks
00:27:09.679 --> 00:27:13.350
ago I called for a a $3.70 uh near. So I
00:27:13.360 --> 00:27:15.510
did get my fill of near and I'll buy
00:27:15.520 --> 00:27:17.190
more as long as we stay slumped like
00:27:17.200 --> 00:27:19.590
this. The other one and this is not as
00:27:19.600 --> 00:27:21.830
popular of one but you know with their
00:27:21.840 --> 00:27:24.710
recent partnership with DTCC and if you
00:27:24.720 --> 00:27:28.470
look at the chart quant was a dead token
00:27:28.480 --> 00:27:30.310
up until September and then they started
00:27:30.320 --> 00:27:31.990
announcing those partnerships and Quant
00:27:32.000 --> 00:27:34.310
took off. So, Quant's another one I I
00:27:34.320 --> 00:27:37.350
was buying down here. I wanted 171,
00:27:37.360 --> 00:27:38.950
couldn't quite get there. So, I did
00:27:38.960 --> 00:27:41.269
settle for around 180 and I've been
00:27:41.279 --> 00:27:43.190
acquiring more Quant as well. Is that
00:27:43.200 --> 00:27:44.789
something that I'm saying those three
00:27:44.799 --> 00:27:46.470
coins are going to outpace the rest of
00:27:46.480 --> 00:27:47.909
the market over the next week, next
00:27:47.919 --> 00:27:50.070
month? No. This is as I'm thinking about
00:27:50.080 --> 00:27:52.549
my longer term portfolio. These are
00:27:52.559 --> 00:27:54.950
coins
that I was either like quant I
00:27:54.960 --> 00:27:57.750
didn't hold any and I I regret that.
00:27:57.760 --> 00:28:00.149
nearend hype. I didn't hold as much as I
00:28:00.159 --> 00:28:01.750
really should because of what I see for
00:28:01.760 --> 00:28:03.669
their future. So, I'm being aggressive
00:28:03.679 --> 00:28:05.750
right now with my DCAs, watching those
00:28:05.760 --> 00:28:07.750
three charts and looking for good
00:28:07.760 --> 00:28:09.909
opportunities. Not perfect, but good
00:28:09.919 --> 00:28:11.510
opportunities to to add more to the
00:28:11.520 --> 00:28:13.750
plate before the bull run comes back.
00:28:13.760 --> 00:28:15.990
>> Uh, hey, let's look at Salana before you
00:28:16.000 --> 00:28:17.350
get out of here because it's trading
00:28:17.360 --> 00:28:18.789
right now under 90.
00:28:18.799 --> 00:28:19.269
>> It is.
00:28:19.279 --> 00:28:20.950
>> Uh, I didn't think we would see that
00:28:20.960 --> 00:28:22.870
again and here we are.
00:28:22.880 --> 00:28:23.190
>> Yeah,
00:28:23.200 --> 00:28:25.830
>> under 90 bucks. Is this a buy right now
00:28:25.840 --> 00:28:27.669
or would you watch this one a little bit
00:28:27.679 --> 00:28:28.389
further?
00:28:28.399 --> 00:28:30.630
>> So, so for me, anything below what I
00:28:30.640 --> 00:28:32.470
called for about six weeks ago is an
00:28:32.480 --> 00:28:34.149
amazing buy. So, six weeks ago, you
00:28:34.159 --> 00:28:35.830
know, we we saw the tops, we saw the
00:28:35.840 --> 00:28:38.950
sell signals. I called for 93. I thought
00:28:38.960 --> 00:28:40.710
I had it almost perfectly back here at
00:28:40.720 --> 00:28:42.630
the end of October when we hit like 92
00:28:42.640 --> 00:28:44.870
or so. U of course, we've kept going on.
00:28:44.880 --> 00:28:46.070
Now, what I would look for, I'm not
00:28:46.080 --> 00:28:48.549
saying that we can't drop below this,
00:28:48.559 --> 00:28:50.149
but but you can see on the trend lines
00:28:50.159 --> 00:28:52.470
here, um on the 4our chart, this is a
00:28:52.480 --> 00:28:54.389
falling channel and and And even though
00:28:54.399 --> 00:28:57.350
we've kept going lower since my 93,
00:28:57.360 --> 00:28:59.590
we've stayed on that trend of support.
00:28:59.600 --> 00:29:01.350
Well, guess where I'm sitting right now
00:29:01.360 --> 00:29:03.190
here at $89. I'm sitting right on that
00:29:03.200 --> 00:29:06.230
support still. So, I I think this is a
00:29:06.240 --> 00:29:08.549
good buy. Um, if you if someone says,
00:29:08.559 --> 00:29:10.950
"I've gotten my fill of of Salana. I
00:29:10.960 --> 00:29:12.870
want where's the next aggressive one?"
00:29:12.880 --> 00:29:14.549
If something bad happens, where's the
00:29:14.559 --> 00:29:16.950
next aggressive buy? You can make the
00:29:16.960 --> 00:29:18.870
argument right here. Starts at 87.
00:29:18.880 --> 00:29:20.310
There's a fair value gap, but there's
00:29:20.320 --> 00:29:22.389
also a pretty big one at 82. So between
00:29:22.399 --> 00:29:24.149
87 and 82 if
00:29:24.159 --> 00:29:25.750
>> if Bitcoin takes a hit and starts to
00:29:25.760 --> 00:29:27.990
drop down towards like let's say uh
00:29:28.000 --> 00:29:30.310
73,000 the 200 day moving average I
00:29:30.320 --> 00:29:32.149
think Solana probably comes between
00:29:32.159 --> 00:29:33.909
those levels and I would do more
00:29:33.919 --> 00:29:36.070
acquisition down there. But if someone
00:29:36.080 --> 00:29:38.310
were to ask me Tim do you think right
00:29:38.320 --> 00:29:40.789
now at $89 is a good p place to buy
00:29:40.799 --> 00:29:43.430
Salana? I'm not saying perfect. It's on
00:29:43.440 --> 00:29:44.710
the 200 day moving average but I'm not
00:29:44.720 --> 00:29:46.070
saying perfect but I am saying yes. It's
00:29:46.080 --> 00:29:48.789
a good place to buy long-term Salana at
00:29:48.799 --> 00:29:49.430
this level.
00:29:49.440 --> 00:29:50.870
>> All right. Hey Tim, this has been good.
00:29:50.880 --> 00:29:53.190
You guys make sure and follow Tim. You
00:29:53.200 --> 00:29:56.070
can do that out there on YouTube at Tim
00:29:56.080 --> 00:29:58.549
Warrentrades. Check him out out there.
00:29:58.559 --> 00:29:59.669
Thanks for coming in today. We
00:29:59.679 --> 00:30:00.389
appreciate it.
00:30:00.399 --> 00:30:08.389
>> Absolutely. Thanks for having me, Paul.
00:30:08.399 --> 00:30:10.149
>> If you like this video, hit like and
00:30:10.159 --> 00:30:12.070
subscribe, drop a comment down below,
00:30:12.080 --> 00:30:14.310
and also join our free private member
00:30:14.320 --> 00:30:18.559
group. The link is in the description.