NVDA All Time High vs Crypto🚀Technical Analysis @EvanAldo

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 and 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 reward to get started. And you're going to have to start tax planning soon. And I 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. So, how are you, Evan? doing fantastic, man. Fun market to to watch. Fun market, tell you >> for sure. If listen, if you're a trader, uh there is no short uh 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 uh rate hike odds absolutely cratered. Uh 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. 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, etc. So, >> I don't think anybody's calling this one for sure. I want to lead off with a couple of things, Evan, and we're going to do uh we'll take a look at Bitcoin. Uh I want to take a look at oil in general. Uh, 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, maybe that's what they mean, crashing in 20 minutes. Uh, this of course gets into the whole issue around oil. Are you playing any energy stocks right now? So yeah, I mean I hold XLE which is the energy ETF seasonality and where it's a valuation. 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. Um 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. Um, 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. Um, so yeah. >> Let me ask you this. Would you sell your Nvidia stock if you were holding Nvidia? I don't know that you are. Uh, I hold it. You've got Nvidia sitting right here. Just printed a new all-time high trading at 237 right now. It's probably above that. Um, would you take a look at exiting Nvidia and moving into crypto right now? Maybe the top three, Salana, Ethereum, Bitcoin. How would you play that? >> Yeah, I definitely would. And the the reason is I'm not I'm not like bearish on Nvidia or anything. I think Avidia 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 um 2021, I believe. Since March of 2021, it bled 94% against Nvidia, as you can see on my chart right here. 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 2 3 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 is a much better >> if you believe that the AI trade is still in play and some people will look at the S&P 500. uh it's near a near record. You've got uh all of this leaning into basically one sector and that is AI companies. So if you strip out the AI companies, basically the S&P 500 has been down 5% since August. I've got a new year end 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 uh or consideration of even more secure asset. You look at bonds of course continuing to fly both the 10, the 20, the 30 uh all looking at high levels of performance. You also could look at what's happening in the Japan uh the Japanese yen as well. So many analysts are 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 uh crypto. But if you look at Bitcoin right now, Evan, here's Ted. He's says he's predicted uh Bitcoin to move toward 92, most expected the 100K uh to hold. uh tell me where you think Bitcoin is heading by year end. >> 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 these kind of areas around October. If the Democrats sweep midterms, I would think that may be our healthy correction down. Um, 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 until 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. Most optimistic okay 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 25. Uh 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 and then I think from there you could potentially see some good news coming out 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 uh altcoins in general. Um 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. If you compare altcoins to what we've seen over the short period and this 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 the high. Zcash still high. Uniswap still killing it. one of our calls. Uh near another one that we're in. Um a 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 right here? Anything at all? >> Hyperlid. >> Hyper liquid. Okay. >> Definitely hyperl. Let's see. Um >> you you even have XRP down here as well. So XRP >> XRP definitely. >> Yeah, XRP >> 28. >> Um, beyond that, I don't know about ADA arrows in there, which might be interesting to watch. We'll talk about that in a little bit. >> Uh, 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? And I you have to throw out Ethereum because I know Ethereum is going to be there. Um, so if you throw out Ethereum, what would be your next play on alts right now? >> 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 chain link. That's one I like to talk about, too. If we look at our chain link chart, I do think this has definitely has more to go in the tank. Um, definitely has more to go in the tank. Good momentum there. So, I think you got a good shot at 24 maybe by end of year if all goes well. Chain link could definitely be one of them. Yeah. >> All right, let's take a look at uh the stock market versus altcoins. If you just look at the 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 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 altcoins. So, you got to pick the right ones, guys. You got to be careful with it. You need your invalidation points. But yeah, now 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 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 altit. But it looks >> which is where Yeah, that's where not only the narratives play into, but some of the fundamentals that come in with some of these projects as well. 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. I mean, is it possible ever? Yeah, of course. You know, if we're talking about 10 years down the road, but he's looking at a $50,000 possibility. Um, talk to me about that, ETH. Any way that this gets close to this in the next 5 years? >> Uh, 50K, that's what over 20x from now. No, it's not going to get that high in the next five years. I mean, the next 20 years, yes. I mean, in the 2040s, absolutely. But >> yeah, you'd have to do inflation adjustment there though in a big way. Yeah. I mean I you know that's that's it really that's this is like just you know nobody 50k that's yeah it's it's it gets attention it gets clicks. I mean is Tom Lee ever bearish or any said anything that's not you know outrageously high. >> You're on the same page with me now. Let's go back to reality here and let's look at 5K because that's really the first zone potentially that could come into play. Is this a 2027 early target or a late 2027 target? >> Uh, 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 2 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 area you know if you're seeing like a trajectory like this which is pretty you know on point with previous bull runs um yeah maybe June you know June somewhere around there. So it could be I I would say earliest May June at the absolute earliest most optimistic scenario would be 5k by those times. So yeah. >> Um, 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. Uh, got to ask them a lot of interesting questions including about the most recent hack even though it was a small hack, but it was still a hack. But you have near right now up 183%. Uh, and is this this is just a wrong uh call sign guys that's not val uh coming in. And then you have Worldcoin and TA. Some of these would be potentials. I'm not necessarily on all of these. I kind of am 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. Just become a market edge member. Back to this near, is it still playable right now as an investment if you're pro- AI in crypto? Yeah, near there's no major momentum shift to the downside, man. So, there's nothing like that's concerning. Um, it most likely you still keep going. I mean, I could see seven bucks 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 720 area right here and you would see some type of correction between, I don't know, November 1st to the end of year, maybe back down to five, something like that. Um, 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 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, I think near makes sense. You got to be careful. You got to have your risk management, though. But I 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 no no major signs that you should, you know, fall off a cliff just yet. Um, it still looks like a continuation is favorable. So, yeah. >> With uh 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 altcoin run? >> Yeah, I mean, yeah, new. Yeah, there's definitely going to be um you're talking 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 I haven't looked into those recently, but there absolutely could be some runners um as well. Um you know, there was TA as well. I think I kind of like Near a little bit better than, you know, a lot of the other ones. Um but, you know, yeah, >> I noticed your tweet. Let me see if I can pull it up real quick. uh you think Zcash is finally done for a while. >> So what what's your what's your thesis on this? >> So I I I'm somebody who pays attention to um 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 >> yeah, >> I'm not going to say this is crash into oblivion, but I think there's better altcoins to buy, we'll say that. Or I'd rather buy Bitcoin than buy near than buy, excuse me, than buy Zcash right now. Um, you know, I mean, I think these are very likely all these coins, you know, 40 30 to 40% correction. I mean, this could easily go down around a,000. I think that would be a better value. So that's what I'm thinking. Um, so yeah. >> Okay. All right. So just pause for a moment on Zcash. Start to look at some rotation there. 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 Pharaoh, which has been recently taken off, but uh Pharaoh hits an all-time high right here. When you look at AVAC right now and you would compare that, >> let's just compare it heads up to Salana and look at splitting up a portfolio. How would you how would you do this with Avalanche and Salana? >> I mean, I think Salana, it makes sense to have a larger position in Salana. Avac is something that's really still been down and to the right since November of 2021. Um, 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, I it's still down like 40 to 50% since when I sold it, probably 35% now. So, there's that. Definitely a momentum shift to the upside. So, as long as it get all that $10 mark, I would remain somewhat optimistic. Now if we compare this and I again I think that Salana is obviously should make a larger part of a portfolio. If we compare this to Salana it just keeps going down and to 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 and the sky could the sky could be the limit for this here. So yeah, you could sell part of your Salana, convert it to Avalanche and see what happens. So yeah. >> 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. Avalanche, of course, we've saw Pharaoh Exchange become an interesting play had you been in that one. Another one that's could be brewing is Arena, which uh if you guys don't know, it's kind of like the social uh connector. You have to have an X account to plug into it. uh but essentially it is a kind of a next level of a social platform within the AVAC ecosystem. So I'm keeping an eye on that one uh as well. So, and those are the some of the the parameters I think when you look at a particular project, just like with Salana, there's going to be winners inside the Salana 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 cards, you know, which is a completely different angle, but all still a very uh strong Salana play. Um, I want to talk about Circle because Circle now has responded to the EU. uh and ma this is in reference to the consultation. So uh they're getting into multi-issuance for global sta stable coin liquidity longerterm equivalence uh recognition for foreign stable coins which is going to be could be a focus but do you think circle is undervalued right now as a stock? >> Uh I think it's a decent buy. I don't Yeah, I mean it's um Oops. Um 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 I think eventually this could This is easily $115 stock and probably $130 stock. So interesting. >> Yeah, I think it's a decent buy. Yeah. Yeah. >> Okay, there you go, guys. 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 hund00 million stake coming in from Binance. So, that was a this was news a couple weeks old, but still very positive uh for Circle. Um let's look at a because this is something interesting. Coinbase issued stock tokens now are moving into A. You got 3.8 million now deposited into A V4 on base. That's up 107%. Would you make a play on A? And A seems to be rolling out their app as well. So, if you guys are are catching into that, I've actually got a ghost pass on that. I probably should pick somebody to give that to if you're into a um what do you say on A? Do you like this one or not? >> Yeah, it still looks pretty good. I mean, yeah, you're you're hitting this area. I mean, the thing I like about this is like it it it held the lows from 2023 when it came down in June of this year, which is pretty good. Um, I think that this ultimately should eventually get up to 260. You might even cuz 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. Um, I'd expect >> I'd expect some type of correction after that though. Maybe something like this. Um, and then hopefully continuing forward. So yeah, it looks good. It looks good. Um yeah, I like a I don't think it's necessarily too I mean people would get afraid because it's up, you know, 180%, but this is crypto. I mean, this could could go. So >> exactly. >> Yeah, I think it's decent. 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 and this was all approved. Ever North now expecting to hold approximately 473 million XRP at closing. This will make it the largest publicly traded pure play XRP treasury company out there. Uh you had we had Burla on not too long ago on the podcast and uh 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? >> So, yeah, I mean, I think it's 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 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? 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 is a decent buy. Um I mean, yeah, I I think it's decent. Yeah, I think it's pretty good. It should Where would you put this year in, though? it. 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. All right, you guys make sure and follow Mr. Evan Aldo out there on YouTube. You can catch him over there. Just evident 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 for you as well. So we'll Are you still giving a little bit of a discount for your trading courses with with people? >> Yeah, it should be 20 20% off. Yeah, there's a free course. >> There you go. All right, you guys take care of that. Evan, thank you so much for coming in today. We appreciate it. >> Yeah, thanks Paul. Always an honor talking to you. If you like this video, hit like and subscribe. Drop a comment down below and also join our free private member group. The link is in the description.