ImNotTheWolf / The 3 Doges

The 3 Doges discuss bitcoin price predictions and altcoins in 2020

InterviewAugust 28, 202011:49

In this episode

Today on 3 Doges we see, how soon until the Crypto markets crash? are we at the top yet? Hear FA from @JesseCouch and TA from @ImNotTheWolf

Key takeaways
  • Bitcoin showed bearish technical signals with a sell 3 on Engineering Robo, prompting discussion of potential correction in Q4 2020.
  • Chainlink rallied from $4 to nearly $20, pulling back to $15-16, with analysts suggesting further upside potential before a possible 2021 pump.
  • Polkadot launched on Binance at 40x from token sale price but formed a head-and-shoulders pattern with potential support at $1.50.
  • Swipe acquired by Binance at $40 million market cap grew to $240 million, positioning it as potential competitor to Crypto.com's $3 billion valuation.
  • Analysts emphasized preserving capital during bull runs and monitoring fully diluted market caps, particularly for newly launched tokens with significant token unlocks.

Transcript

Read the full transcript 2,119 words, auto-generated and lightly edited

the three doges hey guys we're here in another episode of the three doges i'm ashtin at Crypto Coin Show on twitter we have wolf of poloniex i'm not the wolf on twitter no at jessie couch on twitter let's get into this crypto let's get into this crypto we're almost at the top of the bull season are we at the top yet jesse well i think that you know things are

going up the low caps they can do whatever they want because they're low but some of these bigger caps if they don't go up soon like you know q4 is coming around maybe we start heading down it could very well be well let's start by taking a look at bitcoin on the chart behind us here i see a cell 3 signal on engineering robo and what is your technical

opinion on this wolf well for about a week now i've personally been short and i've been pretty bearish on seeing some sort of a correctional period and i'm not saying that herma bear i am from you're always liberating but that's just because i'm trying to preserve capital right that's the biggest yeah hurdle it hurts more on the losses than like on the gains right

well you try to you try to stop yourself from getting any sort of losses and any gains that you do make you know you keep them so that's the most important part because you can be primable the whole time and you can make a bunch of money but if you can't keep that money like who cares for sure yeah well we're seeing i definitely want to be permabuldo at some

point though yeah in the long term once the bear season i was permeable in 2017 and i got wrecked the golden long is coming up the big the big pump is coming one of these days one of these years we don't really know when but it's coming yeah that's all i know 20 21 i know one hit that tell me what day to buy wolf i need to know speaking of amazing golden

longs i think chain link was the golden long of the last two months but i don't think it's done yet you know we're sitting at point zero zero one three bitcoin and it wrote itself up from four bucks to did it hit twenty dollars it wasn't 19.99 and we're back around fifteen dollars sixteen dollars the link marines are here in full effect like the video if you're link marine

I think that the army is still strong here the army is way too different i think i think that we're gonna see link overtake ripple at some point so until that happens i'm still gonna be bullish at least for a little bit with blank i think that this is just a pullback i feel like a real sort of market top would have been way more volatile

than this it would have been like just a complete pump up words that are complete there needs to be a wick right it needs to be a big wig yes exactly something it needs to be more volatile than just what it did yeah you don't think dave portnoy buying chain link with the winklevoss twins was the top well i mean in 2017 when what's his face who's the

guy from instagram that has all the girls in his instagram and blah blah crypto guy no no no he's he's a poker player yeah down bizarre and thank you she didn't hear that man dan bilzeria we have he called the top of a local high on bitcoin okay and then it dumped but then we recovered afterwards and we went to 20k yeah i think he called it at like what

like 3000 or something okay same thing he called the original one yeah so this is what you're saying this is the length story i could see it going up higher from here but i better do it soon or this might just be a 2020 pre-pump for 2021. that's when things might get crazy on link could easily see it going way higher then yeah it's been one of those coins that's

an ethereum token but way back in 2017 everyone thought that it had potential people were buying it at 20 cents two bucks and now here we are at 15 and there's still a lot of potential so i think you're right i think you're right well let's move to the next one speaking of potential dot which came out on binance earlier this week so the binance chart

here is a little short there's not that much data but i believe the token sale itself was actually quite a while ago i think it's up about 40x from the token sale that's insane just since the launch you know on finance it's almost a 2x so it's really on a tear right now but do you think that'll last forever well it's already pretty high so it's not

really a low cap but it's one of those ones that's almost guaranteed to do well this is going to be a big coin they've got a lot of features sharding or do they call it no they call it parachains i thought it's got the pair of chains yeah yeah but for me it might be riding a bit of hype right now you can see my golden bye line down there if you guys know about polo poloniex

they had an iou token trading over there for around 1.50 and so that's where that wick went down to we could see that area if it doesn't start going up really fast you know we could just cast our head and slowly down there yeah that'd be quite the drop i think right now a lot of the polka dot tokens are not in circulation and when you do take into account the fully diluted marker

cap it is more than ethereum you got to know those dates like the dates of the tokens the big but it's gonna be locked fully diluted it is more than ethereum no what is it what do you mean how many fully dilute circulating supplies tokens six million right now maybe seven six billion seven billion so in the top oh in the it's it's like number five or

it's top ten isn't it oh yeah yeah yeah for sure and but it just came out but it does have a great team behind it but it's one of those ones that comes out in the top 10. and they probably have some amazing whales in there because these are oh yeah early ethereum people so yeah a lot of people had would have bought in a heavy would have made a lot of money and so they're like

in a dump on people could very well be we'll see it starting yeah and a dollar fifty is that more that should be quite a bit higher it looks like it's forming a head and shoulders right here what is that what time frame is that the 45 minutes there's not a lot of data so we're going lower time frame but it's definitely forming it seems like the right shoulder we're right at

the top of the right shoulder if it comes down and challenges the neckline and breaks the neckline then we could see it dropped down quite a bit yeah well i think bitcoin's volatility might affect some of these altcoins if people start cashing out a little bit but there are a lot of holders in the dot token sale that may not move their coins because

there's that long-term vision there it's like buying ethereum and selling it in the first week well it's not like buying ethereum in the first week because this is billions of dollars the theorem was more like tens of millions of dollars yeah so a little bit different in that respect for sure they stole 100x from you they stole 100x potential yeah well

speaking of 100x potential let's take a look at this next coin swipe sxp recently acquired by finance when it was acquired it was a 40 million market cap now it went up to about 240 million now it's back down to about 175 million payment processing crypto debit cards just approved in the united states they also are coming out with a d5 project

and they have an airdrop for finance holders finance is really putting a lot of effort into this platform and i think that there's a lot more room for improvement if you consider 175 million dollar market cap compared to something like crypto.com cro three billion dollar market cap swipe could potentially be that three billion dollar finance visa debit card

system so i think that's definitely needed to take into account when you're looking at fundamentals you're looking at something like cro i'm sure it's overvalued but still that is a long a huge difference between swipe well i mean i think that the big discussion right now is the fact that a lot of people basically i would say a large majority of the community

do believe that finance is basically going to take over cro it's going to take over monaco or crypto.com whatever they're called right now so that's what a lot of people that's what's really causing a lot of this fomo and it you know should be taken seriously because i mean i personally believe that they're going to try their best to overcome you know the competitor the

the top guy which is monaco right yeah so i'm i'm bullish as hell on this i think it's what like number 40 or something right now on coin market cap and which one's cro like number eight or something like that yeah zeros in the top ten yeah so we can definitely try to get in there and i think it's very possible of that happening so and the chart looks great i think

we retrace down i'm sure if you do a fibonacci retracement from the bottom the previous rally up to the top that would be a 0.618 fibonacci level retracement yeah i'm sure it's that's perfect buying opportunity oh what does that say six one eight right the seven it would oh i won't even know 28.6 perfect you could probably put the resistance a

little bit lower down here but yeah basically the same thing 786 even better even better yeah perfectly on there awesome well we got one more coin to go through this one is another low cap gem jesse couch special everex evx it was one of those only coins to pump in 2019 yeah this is real coins i grabbed

earlier hitting alt season and no 2018 is that no 2019 and then hasn't done much in 2020 so might have anyone come here this yeah people are looking for these coins that haven't moved yet and i think you might have found one we'll see how it goes it's about a 10 million and the tcap you know a lot of these coins come up with these secret kind of hidden coins

and then people talk about market caps and stuff this one it's got the total supply cap also pretty low that's one thing i always kind of like definitely you have to take into that diluted market cap because if you look at those ones like curve finance you only had like 20 000 tokens out of 10 billion in supply you should see some of this ridiculous

stuff on coin market cap it's higher than bitcoin yeah absolutely just nonsense but then again i've seen these coins do burns 98 token burns ninety-nine percent token make you think it's highly valued and then all of a sudden it's not yeah crazy world we got out there all right guys that's all that we have for this episode please follow at cryptocoinshow

on twitter hit the like button subscribe to the Crypto Coin Show on youtube subscribe to i'm not the wolf on youtube subscribe to i'm not the wolf on twitter and last but not least subscribe to jesse couch on twitter that's all we've got for this episode in three doges and we'll see you guys next week it's a long one guys but i like it

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