My entry targets for these top altcoins! #crypto #investing #altcoins
13 hours ago•VirtualBacon•@VirtualBacon
YouTube1 min 23 sec
Quick Insights

A key strategy is to wait for a market-wide correction before buying high-conviction altcoins at their support levels. In the gaming sector, look to enter Super (SUPER) between $0.37 and $0.50. For AI, a prime target is BitTensor (TAO) within its historical support zone of $165 to $230. The top meme coin pick, Pepe (PEPE), is considered a strong buy in the $0.005 to $0.007 range. All of these entry points are dependent on a significant dip in Bitcoin, which would signal the ideal time to act.

Detailed Analysis

Super (SUPER)

  • The speaker identifies Super as a top pick in the gaming cryptocurrency category.
  • It is described as having a "very clean" chart with a strong support range between $0.37 and $0.50.
  • The project is noted for having a "diehard community" that consistently buys the coin when it drops into this value range, suggesting strong underlying demand at these prices.

Takeaways

  • The speaker is bullish on SuperVerse, viewing the $0.37 - $0.50 price zone as a "value entry" point for a potential investment.
  • The primary strategy is to wait for a broader market downturn, led by Bitcoin, to potentially acquire SUPER within this target range.
  • The strong community support is presented as a key factor that could help stabilize the price and provide a good entry opportunity during a market dip.

BitTensor (TAO)

  • Identified as a top pick in the Artificial Intelligence (AI) sector.
  • The chart is described as having a clear and historically strong support range between $165 and $230.
  • The speaker notes this range has acted as a solid support level in the past, implying it could do so again. (Note: The transcript mentions future dates like "Summer 2024" and "March/April 2025" as past events, which is likely a transcription error.)

Takeaways

  • The speaker presents a straightforward and bullish entry plan for BitTensor.
  • The target buy zone is between $165 and $230.
  • This opportunity is conditional on a market-wide drop. The speaker suggests waiting for a significant dip in Bitcoin before entering a position in TAO.

PayPay (Likely Pepe - PEPE)

  • This asset is the speaker's top pick in the meme coin category. (Note: The transcript says "PayPay," which is most likely a transcription error for the popular meme coin Pepe (PEPE).)
  • It is said to have a key support level between $0.005 and $0.007. (Note: This price range seems inconsistent with PEPE's typical trading price and may be a transcription error.)
  • This level is mentioned as having held as support in the past. (Note: The transcript mentions future dates like "August 2024" and "March/April 2025" as past events, which is likely a transcription error.)

Takeaways

  • The speaker considers buying in the mentioned support range a "no-brainer" when the next Bitcoin-led market drop occurs.
  • This asset can be approached with two different strategies:
    • As a short-term trade to potentially profit from a price bounce off the support level.
    • As an addition to a long-term portfolio for investors who are bullish on the meme coin sector.

Bitcoin (BTC)

  • Bitcoin is not discussed as a direct investment but as the primary market indicator that dictates the entry points for the mentioned altcoins (SUPER, TAO, and PayPay/PEPE).
  • The speaker's strategy for all three altcoins is entirely contingent on Bitcoin experiencing a significant price drop.
  • A specific price target of "$95k" is mentioned for Bitcoin, which would trigger these buying opportunities. (Disclaimer: A drop to $95k is illogical given market prices at almost any point in time. This is almost certainly a transcription error and may have meant a drop to a level like $59k or $65k, or a drop of a certain percentage.)

Takeaways

  • The core insight is that investors should monitor Bitcoin's price action closely as a signal for the broader crypto market.
  • A significant dip in Bitcoin is viewed by the speaker as the green light to start buying their favored altcoins at their identified support levels.
  • Investors looking to follow this strategy should exercise patience and wait for broader market weakness, led by Bitcoin, before entering positions in these altcoins.
Video Description
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About VirtualBacon

VirtualBacon

By @VirtualBacon

I'm Dennis, a Crypto angel investor with 100+ startups in our portfolio. On this channel I share my views on market trends and ...

My entry targets for these top altcoins! #crypto #investing #altcoins - VirtualBacon | Kazuha