NVDA All Time High vs Crypto🚀Technical Analysis with Evan Aldo

0:00 Is the AI trade still in play and has it put a little bit of a damper on crypto? Today, we'll break it down for you. Before we do that, I want to thank our sponsor. That's iTrust Capital, where you guys can get into your own crypto IRA, cryptocurrency, stocks, gold and silver, all available over on iTrust Capital. One account, unlimited possibilities. This is one of the platforms they've been around for quite a while. You guys can go over and use them. If you have a current IRA, you can transfer that If you want to start a brand new IRA, you can also do that as well. So just use our link down below. It's going to give you a $ 100 funding.

0:34 Reward to get started.

0:35 And you're going to have to start tax planning soon. And IRAs are one of the diversification things that you should be doing to set yourself up for success. We're going to do some trading. We're also going to take a look at some altcoins. So stick around for all of that. I want to bring in Evan Aldo, who is with us about every other week or so. He's out there abroad doing his thing.

0:54 So how are you, Evan?

0:56 Doing fantastic, man. Fun market to watch, fun market, I'll tell you.

1:01 For sure.

1:01 Listen, if you're a trader, there is no short of excitement right now. So a lot of things happening in the market. One of the things I want to lean into right now, of course, is the Fed rate hike odds absolutely cratered. Now it's going down to just 16%. If you look at the poly market, this thing is way down from where it was. These are the kind of poly markets... Evan, that I just think are so silly when they just literally do this back and forth.

1:29 So it tells you a lot of what the market really understands versus what the market is being dictated to by the Fed, macro environments, et cetera. So I don't think anybody's calling this one for sure. I want to lead off with a couple of things, Evan. We're going to do, we'll take a look at Bitcoin. I want to take a look at oil in general. President Trump says that Europe has agreed to immediately release a massive amount, I don't know what that means, of diesel reserves. And when you look at this, oil, of course, just went down to, I don't think I would use the word crashed here, but it went down 2% in 20 minutes.

2:07 Maybe that's what they mean, crashing in 20 minutes. This, of course, gets into the whole issue around oil. Are you playing any energy stocks right now?

2:17 So, yeah, I mean, I hold XLE, which is the energy ETF seasonality where it's evaluation. It makes sense kind of to still have a position in it. I also hold some USO right now. But again, I mean, we're doing things we don't normally do in midterm election years. You know what I mean? We're doing things we don't normally do. We're kind of we're pulling off a super cycle here. That's kind of what this is, I would say. So, I mean, they haven't hit my invalidation points yet, but they're close to it. So. I may happily sell my positions in those and convert over to Bitcoin and crypto.

2:50 I'm probably going to hold on to oil for another month. We'll see what happens maybe till the end of the year. It depends where the momentum is. So, yeah.

2:59 Let me ask you this.

3:00 Would you sell your NVIDIA stock? If you were holding NVIDIA, I don't know that you are.

3:06 I hold it.

3:07 You've got NVIDIA sitting right here, just printed a new all-time high trading at 237.

3:11 Right now, it's probably above that.

3:14 Would you take a look at exiting NVIDIA and moving into crypto right now, maybe the top three Solana, Ethereum, Bitcoin?

3:21 How would you play that?

3:22 Yeah, I definitely would. And the reason is I'm not like bearish on NVIDIA or anything. I think NVIDIA is kind of like the new Apple stock. I think it'll still do well. But it's been, you know, Bitcoin's bled since 2021, I believe, since March of 2021, it bled 94%. against Nvidia, as you can see on my chart right here.

3:40 And I've been talking about this for many months, hitting kind of that same area over there. So it's not that I don't like Nvidia, but I think Bitcoin easily, in all likelihood, should outperform Nvidia for the next two, three years, and a lot of your top cryptos as well. So, you know, I mean, you'll still probably make money with Nvidia, but it's kind of like, you know, kind of like buying the NASDAQ at this point, in my opinion. I think Bitcoin's a much better value.

4:03 If you believe that the AI trade is still in play, and some people look at the S & P 500.

4:09 It's near a near record.

4:11 You've got all of this leaning into basically one sector, and that is AI companies.

4:16 So if you strip out the AI companies, basically the.

4:19 S & P 500 has been down 5% since August. I've got a new year in target for Bitcoin. And before I give it to you guys, we'll talk about it because we're going to chart Bitcoin in a second. But if you look at the stock market, getting close to extreme fear, this tells me rotation possibility or consideration.

4:39 Of even more secure asset.

4:40 You look at bonds, of course, continuing to fly both the 10, the 20, the 30, all looking at high levels of performance.

4:49 You also could look at what's.

4:51 Happening in the Japanese yen as well. So many analysts are tracking that so closely because it has such an impact on how this plays out, at least in the near term, around the traditional markets, not necessarily what we're going to see in crypto.

5:09 But if you look at Bitcoin right now, Evan, here's Ted.

5:12 He says he's projected Bitcoin to move toward 92, most expected the 100K to hold. Tell me where you think Bitcoin is heading by year end.

5:25 So, yeah, at least those areas, I'm kind of in agreement with him. I mean, short term, you know, continuation here, I think there's a high likelihood we at least jump up to 89 to 92, these kind of areas around October. If the Democrats sweep midterms, I would think that may be our healthy correction down. I'm kind of not seeing 100K before midterms. And then from there, maybe a healthy correction right after midterms. And then maybe, just maybe, if all goes well, probably at least another recovery to 92 or something into the end of the year. But maybe, just maybe, best case scenario, I don't want to say best case scenario, but 100K by end of year could be my most optimistic, very optimistic prediction.

6:05 You're most optimistic.

6:06 Okay.

6:06 I'm looking at more of this zone right here, right around 108. You'll see the last time we visited, this was back in May of 2005. We were around 108, 109. I think this might be one of those areas because there's a lot of upside here. But to your point, midterms could adjust the market slightly. But remember, that is the beginning of November. That, I think, is a two-week hit.

6:31 And then I think from there, you could potentially see some good news coming out before we see the holiday season kick in. And then that's when I think you could see a major rally. So I'm watching 108 right now on Bitcoin, which, of course, could you know, tally up to a lot of other things when it comes to altcoins in general. Let me go to altcoins real quickly, because I think that's an interesting angle right now. You have Rand talking about a K-shaped altcoin market is real, and you can kind of see it happening right here.

7:01 If you compare altcoins to what we've seen over the short period, and there's been some that have been absolutely moving like crazy, and you can kind of see it here also. just to go in here to look at Bitcoin. These are the top 100 coins over the last 90. Ponds, I'll kind of throw that one out since it's a high.

7:20 Zcash still high. Uniswap still killing.

7:23 It, one of our calls. Near, another one that we're in.

7:27 Aave still cooking. You've got Lit on the list. And then you move down in here. And what I want to focus on is this, Evan. Is there anything below Bitcoin here as I scan up that you would be interested in?

7:42 Right here. Anything at all?

7:44 Hyperliquid. Hyperliquid. Okay. Definitely hyperliquid. Let's see.

7:50 You even have XRP down here as well. So XRP is.

7:54 In this list. XRP definitely. Yeah, XRP.

7:56 It's at 28.

7:59 Beyond that, I don't know about ADA arrows in there, which might be interesting to watch.

8:04 We'll talk about that in a little bit.

8:06 But this gets into some interesting plays, I think, as we go into altcoins. Is there one altcoin right now that you're really on top of?

8:16 And you have to throw out.

8:17 Ethereum because I know Ethereum is going to be there. So if you throw out Ethereum, what would be your next play on alts right now?

8:24 So, I mean, a lot of the ones you mentioned, man, really, really come to mind. I mean, XRP does look good. I mean, they all look pretty good. It has to be something that looks good that hasn't pumped like crazy so far. So one of them could be Chainlink. That's one I like to talk about, too, if we look at our Chainlink chart. I do think this definitely has more to go in the tank. Definitely has more to go in the tank. Good momentum there. So I think he got a good shot at 24, maybe by end of year if all goes well. Chainlink could definitely be one of them, yeah.

8:55 All right, let's take a look at the stock market versus altcoins.

9:00 If you just look at the.

9:00 Others chart in comparison, how would that play out if I was trying to basically funnel a little bit of my portfolio possibly away from stocks and into digital assets how does this.

9:14 Look yeah i mean it looks good man it looks good the thing with this is that others technically outperformed the s & p 500 since june of 2023 but we know a lot of people have gotten wrecked in between then and now with all coins so you got to pick the right ones guys you got to be careful with it you need your invalidation points but yeah no this looks good rare bullish signs you got bullish divergences everywhere jumps i mean In all likelihood, this should continue forward for the next couple of years. It's just don't get caught up in the wrong alts. That's the thing here. Don't get caught up in the wrong alts.

9:48 Yeah, that's where not only the narratives play into, but some of the fundamentals that come in with some of these.

9:53 Projects as well.

9:55 I want to go over to this because this is something that Tom Lee, we put out a clip yesterday. kind of breaking down all of this, and it was really a target that I just don't know.

10:05 I mean, is it possible ever?

10:08 Yeah, of course, you know, if we're talking about 10 years down the road.

10:11 But he's looking at a $ 50, 000 possibility. Talk to me about that.

10:18 ETH Any way that this gets close to this in the next five years?

10:24 50K, that's what, over 20X from now? No, it's not going to get that high in the next five years. I mean, next 20 years, yes. I mean, in the 2040s, absolutely.

10:34 You'd have to do inflation adjustment there, though, in a big way.

10:37 Yeah. I mean, you know, this is like just, you know, nobody. 50K, it gets attention. It gets clicks. I mean, is Tom Lee ever bearish or said anything that's not, you know, outrageously high?

10:54 You're on the same page with me.

10:55 Now let's go back to reality here and let's look at 5K because that's really the first.

11:00 Zone potentially that could come into play. Is this a 2027 scenario?

11:06 Early target or a late 2027 target?

11:11 In all likelihood, based on history, unless things get really crazy, I think it's more of a second half of 2027. I mean, right now, if we look at Etho, looking pretty good, you might be able to hit 3K relatively soon if all goes well. some momentum shifts and all that. I think before midterms, you might be able to jump to that 3k area, maybe even within the next two weeks, that 3k, I would think some type of healthy correction from there, maybe back down to these areas. So if we wanted to map out, you know, 5k and take this with a grain of salt, obviously very hard to say, but you know, if you see some extension, maybe by April, you know, these areas, you know, if you're seeing like a trajectory like this, which is pretty, you know, on

11:50 point with previous bull runs, um, Yeah, maybe June, you know, June, somewhere around there. So it could be, I would say at earliest May, June at the absolute earliest, most optimistic scenario would be 5K by those times. So, yeah.

12:04 Okay, so I want to show something to you, and this is in reference to the crypto side of the AI play. We had the Near Protocol team on just yesterday, got to ask them a lot of interesting questions, including about the most recent hack, even though it was a small.

12:18 Hack, but it was still a hack.

12:20 But you have NEAR right now up 183%. And this is just a wrong call sign, guys. That's not Valvoline. That should be Venice coming in. And then you have WorldCoin and TAO. Some of these would be potentials. I'm not necessarily on all of these. I'm kind of on Venice, which, by the way, we make these kind of calls in some of our newsletters. So if you guys are not part of that, jump in to our newsletter. It's very easy.

12:46 Just become a MarketEdge member.

12:48 Back to this.

12:49 NEAR.

12:50 Is it still playable right now as an investment if you're pro-AI in crypto?

12:58 Yeah, Nir, there's no major momentum shift to the downside, man. So there's nothing like that's concerning. Most likely, you still keep going. I mean, I could see $ 7 potentially by the end of this month or something. I mean, I would guess this would be a major speed bump once you hit this $ 7. 20 area right here. And you would see some type of correction between November 1st to the end of the year, maybe back down to five, something like that. I do think near has really, you know, proved a lot of people wrong. I mean, you know, you had your low in 2023, then you made a lower low. This is one of the ones that's really come back from the depths of, you know, kind of almost dying here. But it's really pulled that off. So.

13:38 I think NEAR makes sense. You've got to be careful. You've got to have your risk management, though. But I think in all likelihood, you should be able to kind of continue forward here. I don't see any reason. I mean, you're hitting a little speed bump here, but no major signs that you should fall off a cliff just yet.

13:52 It still looks like your continuation is favorable. So, yeah.

13:58 With NEAR and also with the fact that you're seeing AI still being a very strong play, are you anticipating maybe an AI token that comes out of the woodwork, especially on this Alcorn run?

14:14 Yeah, I mean, yeah, there's definitely going to be. You're talking about a brand. There's been a few. I mean, there's obviously Fetch.AI was on the list that you mentioned before, even Render. I haven't looked into those recently, but there absolutely could be some runners as well. You know, there was Tau as well. I think I kind of like Near a little bit better than, you know, a lot of the other ones. But, you know, yeah.

14:39 I noticed your tweet.

14:40 Let me see if I can pull it up real quick. You think Zcash is finally done for a while. So what's your thesis on this?

14:52 So I'm somebody who pays attention to, one, I pay attention to funding rates a lot. So everybody was trying to short this all the way up here. Now a lot of people have finally given up on trying to short this. And you're losing $ 1, 500. And I think we all know this is like very overbought. So I'm not going to say this is crashing to oblivion, but I think there's better altcoins to buy. We'll say that. Or I'd rather buy Bitcoin than buy Zcash right now. You know, I mean, I think these are very likely all these coins, you know, 40, 30 to 40 percent correction. I mean, this could easily go down around a thousand. I think that would be a better value. So that's what I'm thinking. So, yeah.

15:32 All right.

15:33 So just pause for a moment on Zcash.

15:36 Start to look at some rotation there.

15:38 One of the rotation spots that you could look at is something like Avalanche. This, of course, is back in play. We've seen some pretty good moves. And we've had the Avalanche team on here recently, at least from the DAT side of things. And I think there are some interesting things happening. Even if you look at Pharoah, which has been recently taken off, but Pharoah hits an all-time high right here.

15:59 When you look at AVAX right now, and you.

16:01 Would compare that, let's just compare it heads up to Solana and look at splitting up a portfolio.

16:11 How would you do this with Avalanche and Solana?

16:15 I mean, I think Solana, it makes sense to have a larger position in Solana. AVAX is something that's really still been down into the right since November of 2021. The news is getting better, so it makes sense to give it a shot as long as it remains, I would say, above like $ 10. It's still, when I sold it around 17 or 18, around here in early November, late October, it's still down like 40% to 50% since when I sold it, probably 35% now. So there's that.

16:42 Definitely a momentum shift to the upside. So as long as I get all that $ 10 mark, I would remain somewhat optimistic. Now, if we compare this And again, I think that Solana is obviously should make a larger part of a portfolio. If we compare this to Solana, it just keeps going down into the right. You know, over time, little jumps up. So we don't have any proof that it's going to be any better than any of these little relief rallies. What you could do here, though, you could do some type of trade like this. And your invalidation point is if you lose this point in the sky, the sky could be the limit for this here. So. Yeah, you could sell part of your Solana converted to Avalanche and see what happens.

17:20 Yeah, one of the other ones that are related to this, and this is a thing that we talk about often, is look at the ecosystems around some of these projects.

17:28 Avalanche, of course, we saw Faro.

17:30 Exchange become an interesting play had you been in that one. Another one that could be brewing is Arena, which if you guys don't know, it's kind of like the social arena.

17:40 Connector.

17:41 You have to have an X account to plug into it. But essentially, it is a kind of a next level of a social platform within the AVAX ecosystem. So I'm keeping an eye on that one as well. And those are some of the parameters, I think, when you look at a particular project, just like with Solana, there's going to be winners inside the Solana ecosystem. Whether you look at what's happening with Jupiter, you could also just look at, you know, if you're into the Pokemon side, you could look at carts, you know, which is a completely different angle, but all Still a very strong Solana play. I want to talk about Circle because Circle now has responded to the EU. And Mika, this is in reference to the consultation.

18:22 So they're getting into multi-issuance for global stablecoin liquidity, longer-term equivalence, recognition for foreign stablecoins, which could be a focus.

18:34 But do you think Circle is undervalued right now as a stock?

18:39 I think it's a decent buy. I don't, yeah, I mean, it's, oops, let me get that up again. But I think Circle, yeah, I think Circle's pretty good right now. As long as it's holding this low that we saw back in September around $ 80, I think it could be a pretty good buy. Trying to make a higher low here. And in all likelihood, you should be able to hold these areas. And I think eventually this could be, this is easily $ 115 stock and probably $ 130 stock. So yeah, I think it's a decent buy. Yeah, yeah.

19:07 Okay, there you go, guys.

19:08 Don't forget, they just did a big deal with Binance. This was a five-year deal to promote and drive USDC adoption in the Binance platforms, one of the biggest ones out there. This was a $ 100 million stake coming in from Binance. So this was news a couple weeks old, but still very positive for Circle. Let's look at Aave, because this is something interesting. Coinbase-issued stock tokens now are moving into Aave.

19:34 Okay.

19:34 You got $ 3. 8 million now deposited into Aave V4 on base. That's up 107%. Would you make a play on Aave? And Aave seems to be rolling out their app as well. So if you guys are catching into that, I've actually got a ghost pass on that.

19:49 I probably should.

19:50 Pick somebody to give that to if you're into Aave. What do you say on Aave?

19:56 Do you like this one or not?

19:58 Yeah, it still looks pretty good. I mean, yeah, you're hitting this area. I mean, the thing I like about this is like it held the lows from 2023 when it came down in June of this year, which is pretty good. I think that this ultimately should eventually get up to 260. You might even, because it's kind of going parabolic, it wouldn't surprise me if you see somewhere between 230 to 260 by the end of this month, if all goes well. I'd expect some type of correction after that, though, maybe something like this, and then hopefully continuing forward. So, yeah, it looks good. It looks good. Yeah, I like Aave. I don't think it's necessarily too, I mean, people would get afraid because it's up you know, 180%,

20:38 but this is crypto. I mean, this could, could go get around. So yeah, I think it's decent.

20:44 Yeah. Hey, so there is some news out, uh, on XRP and ripple yet ever North, uh, absolutely clicking in terms of, uh, what they're doing. And this was all approved ever North now expecting to hold approximately 473 million XRP at closing.

21:00 This will make it the largest.

21:01 Publicly traded pure play XRP treasury company out there. Uh, We had Berla on not too long ago on the podcast, and he was talking about this, and he was very bullish. He said, hey, listen, there's going to be a lot of news coming out over the next few months. This was one of the things that's going to drop. If you look at XRP right now, and it's been a little bit soft in terms of performance, where would you place XRP on your buy list?

21:30 So, yeah, I mean, I think it's in the middle. You know, I think it's a decent buy. It's obviously one of the higher market cap ones. You know, there's less risk in it than some of the other things, I think. I think it inevitably is going to jump up to $ 2 at some point. You know, is that going to be in quarter one of next year? Is that going to be by the end of this month?

21:47 Hard to say, but I think it will pierce through the 160 area. It looks decent. The momentum is pretty good. This is still coming up. Obviously, if you reject harshly the next time you test 160, that's That's going to mean it's going to take more time if we do something like that. But I think you should be able to pierce through. So, yeah, I think XRP is a decent buy. I mean, yeah, I think it's decent. Yeah, I think it's pretty good.

22:14 Where would you put this year end, though?

22:18 That's the hardest question. I mean, one of two things. One optimistic case, it jumps up to two bucks by year end. less optimistic it's kind of just sideways where we are right now and then you eventually jump up that's what i think yeah there you go.

22:31 All right you guys make sure and follow mr evan aldo out there on youtube you can catch him over there just add evan aldo uh he does a lot around macro allocation strategies does a lot with several other trading tools so you guys can learn that if you are into trading this might be your guy so check him out use our you know, our statement saying, I think we have a link that we always drop.

22:54 For you as well.

22:55 So we'll, are you still giving a little bit of a discount for your trading courses with?

22:59 Yeah, it should be 20, 20% off. Yeah. There's a free course.

23:03 There you go. All right. You guys take care of that.

23:05 Evan, thank you so much for coming in today.

23:07 We appreciate it.

23:08 Yeah. Thanks, Paul. Always an honor talking to you.

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