3 Trades I’m Taking On This Crypto Dump! (My Week Gameplan)
3 Trades I’m Taking On This Crypto Dump! (My Week Gameplan)
187 days agoCrypto Banter
Podcast41 min 29 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Prepare to buy assets like Bitcoin (BTC) once they break their short-term downtrends, as high bearish sentiment suggests a market bottom may be near. For a higher-risk trade, consider a long position on Solana (SOL), but use a tight stop loss near $173 as a safer entry awaits a confirmed trendline break. A medium-term strategy is to use automated trading bots to dollar-cost average into Avalanche (AVAX) and Cardano (ADA) over the next 2-3 months. Explore a potential airdrop by "farming" on Gravity (GRVT), the top decentralized exchange on the ZKsync network. Finally, add the ZKsync (ZK) token to your watchlist, as it is setting up for a potential trade once its current downtrend is broken.

Detailed Analysis

General Market Outlook

  • The speaker believes the market is in a "depressing state" with high bearish sentiment (60% of people are bearish), which he sees as the perfect time to look for opportunities.
  • He anticipates a choppy start to the week but expects bullish momentum to build towards the end of the week.
  • His core strategy is "non-predicting," meaning he waits for chart patterns to confirm a move rather than trying to guess the bottom or top. He emphasizes waiting for trendline breaks.
  • He notes that the first bounce after a significant drop is often "fake" and a trap. He plans to take profits on initial bounces and wait for a more stable, secondary entry.

Takeaways

  • Shift in Mentality: The speaker urges a mental shift from bearishness to preparing for bullish opportunities. While the market is red, he believes the tide is about to turn.
  • Patience is Key: Don't rush into trades. Wait for clear signals, like a trendline break and retest, to confirm an entry. This reduces the risk of catching a "falling knife."
  • Risk Management: The speaker repeatedly mentions using stop losses and managing position size. For riskier trades, he uses a smaller percentage of his capital (e.g., 12% on his Solana trade).

Bitcoin (BTC)

  • High-Timeframe (Weekly): The speaker views Bitcoin as still being in a long-term bullish trend. He mentions that Bitcoin could drop as low as $90,000 - $95,000 and technically still be in a bullish structure (Note: The speaker's price references for Bitcoin seem inconsistent or possibly based on a non-standard chart/index. Investors should focus on the described chart levels and zones rather than the specific numbers).
  • The weekly RSI (Relative Strength Index) is approaching oversold levels, suggesting that selling pressure may be exhausted and a bounce is becoming more likely.
  • Bitcoin is currently testing a major support zone that corresponds to previous all-time highs.
  • Short-Timeframe: The market is at a short-term support level where a bounce could occur. If this level fails, the next support zone is slightly lower. The speaker is prepared for a bounce from either of these two zones.

Takeaways

  • Prepare for a Bounce: Bitcoin is at or near a level where a significant bounce is likely. The primary strategy should be to look for long (buy) opportunities rather than continuing to short the market.
  • Two Potential Scenarios:
    1. The market bounces from its current level.
    2. The market sees one more drop to a lower support level before bouncing.
  • Confirmation is Crucial: Do not try to predict the exact bottom. Wait for a short-term downtrend to break before entering a long trade to have a higher probability of success.

Solana (SOL)

  • The speaker has entered a small, short-term long (buy) trade on Solana.
  • He acknowledges this was an early entry, taken before a confirmed trendline break, and therefore carries higher risk.
  • Due to the higher risk, he only deployed 12% of his trading capital into this position.
  • He has a stop loss set at $173.

Takeaways

  • Cautious Bullishness: Solana is at a level where a bounce is possible.
  • Safer Entry: The speaker advises most traders to wait for the current downtrend on the chart to be broken before entering a long position. This provides better confirmation and a clearer entry point.
  • Trade Plan: If entering, consider a smaller position size due to the volatility. The plan is to trade for a short-term pop, take profits at the "mid-range," and then re-evaluate.

ZKsync (ZK)

  • The token experienced a massive price increase (pumped 153%) and is now in a slow downtrend, which the speaker sees as a classic setup for a future trade.
  • The price is approaching a key technical level (the 61.8% Fibonacci retracement), a common area for bounces.
  • He is not buying yet. He is waiting for the downtrend to slow and for the price to break above the downward trendline.

Takeaways

  • Add to Watchlist: ZK is setting up for a potential high-reward trade, but it is not ready yet.
  • The "Double Whammy" Strategy:
    1. Enter a long trade after the initial trendline break for a quick "fake" bounce. Take profit quickly.
    2. Wait for the price to pull back and form a more stable base, then enter a second, larger trade for the "real" move higher.
  • Indirect Play - Gravity (GRVT): The speaker mentions Gravity, the top decentralized exchange (DEX) on ZKsync, as a "big opportunity." He is currently "farming" on the platform to position for a potential airdrop.

Trump Token

  • The speaker describes this as a "very fun trading token" due to its high volatility.
  • It experienced a massive crash, dropping from $7 to $1.5.
  • He notes that it has now broken a downtrend and is retesting that breakout level, which is a bullish signal.

Takeaways

  • High-Risk Opportunity: This token is highly volatile and speculative. It presents an opportunity for a trade with a potentially high reward.
  • Entry Strategy: The speaker is looking for the price to form a small, stable pattern before entering a long trade with a very tight stop loss to manage the high risk.

Avalanche (AVAX) & Cardano (ADA)

  • The speaker has deployed automated trading bots for both AVAX and ADA as a medium-term investment strategy (looking out 2-3 months).
  • The bots are programmed to DCA (Dollar Cost Average) by buying in increments as the price moves down.
  • He has only deployed 30-40% of the allocated capital initially, with further buy orders set at lower prices. For AVAX, he has buy orders set all the way down to $12.
  • A key improvement to his strategy is the inclusion of a stop loss for the bots to protect against a catastrophic crash.

Takeaways

  • Automated Accumulation: For investors with a medium-term bullish outlook, using trading bots to accumulate AVAX and ADA could be a viable strategy. This automates the process of buying dips.
  • Start Small & Use Stop Losses: If implementing this strategy, it's wise to start with a portion of your capital and set buy orders at lower levels. Most importantly, a stop loss is essential to protect your investment from major losses.

Zcash (ZEC)

  • The speaker mentioned trading Zcash heavily the previous week because its high volatility created many trading opportunities (both long and short).
  • He successfully turned $23,000 into $51,000 primarily by trading volatile tokens like ZEC, achieving a 50% win rate but managing his risk-to-reward ratio effectively.

Takeaways

  • For Active Traders: In a choppy market, focusing on highly volatile tokens like ZEC can provide more frequent trading opportunities than tokens with low volatility.
  • Win Rate Isn't Everything: The speaker highlights that you don't need to win every trade to be profitable. With a proper risk management strategy (where your wins are larger than your losses), even a 50% win rate can lead to significant gains.
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Episode Description
The crypto market is dumping again but Sheldon’s not sitting out. In today's video, he shares his exact 3 trades for this week, breaking down the complete trade setups with all levels, and timeframes. Watch how he’s positioning himself to stay ahead in this market while most traders panic. Get Sheldon’s full crypto gameplan for the week and learn how to navigate this crypto dump like a pro. Don't miss this!  ___________________________________________ 🎯 𝗦𝗡𝗜𝗣𝗘𝗥 𝗖𝗟𝗨𝗕 - 𝗧𝗿𝗮𝗱𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝘄𝗶𝘁𝗵 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 & 𝗧𝗼𝗽 𝗧𝗿𝗮𝗱𝗲𝗿𝘀!👉 Join Sniper Club 🎯 𝗦𝗡𝗜𝗣𝗘𝗥 𝗦𝗖𝗛𝗢𝗢𝗟 - 𝗨𝗻𝗹𝗼𝗰𝗸 𝘁𝗵𝗲 𝗦𝗲𝗰𝗿𝗲𝘁𝘀 𝘁𝗼 𝟯𝗫 𝗬𝗼𝘂𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗡𝗢𝗪! 𝗙𝗼𝗿 𝗙𝗥𝗘𝗘! 👉  Sign Up for Crypto School 🏆 𝗦𝗡𝗜𝗣𝗘𝗥 𝗚𝗜𝗩𝗘𝗔𝗪𝗔𝗬𝗦!! 👉 𝗘𝗠𝗔𝗜𝗟: sniper.giveaways@cryptobanter.com  ___________________________________________ 𝗖𝗛𝗘𝗖𝗞 𝗢𝗨𝗧 𝗦𝗛𝗘𝗟𝗗𝗢𝗡’𝗦 𝗣𝗔𝗥𝗧𝗡𝗘𝗥 𝗘𝗫𝗖𝗛𝗔𝗡𝗚𝗘𝗦 ⬇️ 💰 𝗕𝗧𝗖𝗖 - 𝗨𝗽 𝘁𝗼 $𝟭𝟬 𝟬𝟬𝟬 𝗶𝗻 𝗕𝗼𝗻𝘂𝘀! 𝗡𝗼 𝗞𝗬𝗖! 👉 BTCC Welcome Bonus 🐋 𝗪𝗘𝗘𝗫 - 𝗨𝗽 𝘁𝗼 𝟯𝟬,𝟬𝟬𝟬 𝗨𝗦𝗗𝗧 𝗶𝗻 𝗥𝗲𝘄𝗮𝗿𝗱𝘀! 👉 WEEX Welcome Bonus 🏆 𝗕𝗬𝗕𝗜𝗧 - 𝗚𝗲𝘁 𝗕𝗼𝗻𝘂𝘀𝗲𝘀 𝘂𝗽 𝘁𝗼 $𝟯𝟬,𝟬𝟬𝟬! 👉 BYBIT Welcome Bonus ☄️ 𝗕𝗟𝗢𝗙𝗜𝗡 - 𝗚𝗲𝘁 𝘂𝗽 𝘁𝗼 $𝟰,𝟬𝟬𝟬 𝗶𝗻 𝗕𝗼𝗻𝘂𝘀𝗲𝘀, 𝗡𝗼 𝗞𝗬𝗖 𝗼𝗿 𝗩𝗣𝗡 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱! 👉 Blofin Welcome Bonus 💵 𝗕𝗜𝗧𝗙𝗨𝗡𝗗𝗘𝗗 - 𝗛𝗮𝘃𝗲𝗻'𝘁 𝗴𝗼𝘁 𝗮 𝗹𝗼𝘁 𝗼𝗳 $$ 𝘁𝗼 𝗧𝗿𝗮𝗱𝗲 𝘄𝗶𝘁𝗵? 👉 Register to unlock access to Trading Funds ___________________________________________ 🗞️ 𝗖𝗥𝗬𝗣𝗧𝗢 𝗡𝗘𝗪𝗦𝗟𝗘𝗧𝗧𝗘𝗥𝗦 - 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗳𝗼𝗿 𝗙𝗥𝗘𝗘!! 📬 𝗧𝗵𝗲 𝗗𝗮𝗶𝗹𝘆 𝗖𝗮𝗻𝗱𝗹𝗲 - https://bit.ly/DC-Sheldon 📬 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼 - https://bit.ly/GMC-Sheldon 📣 𝗛𝗼𝘀𝘁 𝗖𝗵𝗮𝗻𝗻𝗲𝗹𝘀: 👉 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 𝗼𝗻 𝗫: @Sheldon_Sniper / X  👉 𝗦𝗵𝗲𝗹𝗱𝗼𝗻 𝗼𝗻 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺: @sheldino_the_sniper / Instagram  ___________________________________________ 👁️‍🗨️ 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗮𝗻𝘁𝗲𝗿 𝗮𝗯𝗶𝗱𝗲𝘀 𝗯𝘆 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗰𝗼𝗱𝗲 𝗼𝗳 𝗰𝗼𝗻𝗱𝘂𝗰𝘁:  Our Ethics – Crypto Banter  We take our code of ethics very seriously and have engaged @zachxbt (ZachXBT) to monitor our progress. If you feel we’re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.com  ⚠️ 𝗕𝗘𝗪𝗔𝗥𝗘 𝗢𝗙 𝗦𝗖𝗔𝗠𝗠𝗘𝗥𝗦 𝗜𝗡 𝗢𝗨𝗥 𝗖𝗢𝗠𝗠𝗘𝗡𝗧𝗦 𝗔𝗡𝗗 𝗖𝗢𝗠𝗠𝗨𝗡𝗜𝗧𝗬 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 ___________________________________________ 📝 𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿: Crypto Banter is a social podcast for entertainment purposes only! All opinions expressed by the hosts, guests, and callers should not be construed as financial advice. The views expressed by the hosts and guests do not reflect the views of the station. Listeners are encouraged to conduct their own research.
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