ALERT! Bitcoin Long Setup! (Entry & Targets Revealed)
ALERT! Bitcoin Long Setup! (Entry & Targets Revealed)
212 days agoโ€ขCrypto Banter
Podcast48 min 48 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider setting buy orders for Bitcoin (BTC) in the high-conviction zone of $118,500 - $119,500 to catch a potential major bounce. For stocks, a dip-buying opportunity is identified in Oracle (ORCL), with a target entry range between $250 and $262. Several high-conviction altcoin entries include Sui (SUI) at $3.30, TAO at $314, and Aero (AERO) between $1.01 and $1.056. Watch for key support levels on major altcoins like Ethereum (ETH) at $4,280 and Solana (SOL) at $214 for strong bounce potential. The recommended strategy is to keep cash ready for a market-wide dip, which could present these prime buying opportunities.

Detailed Analysis

Bitcoin (BTC)

  • The speaker is anticipating a short-term drop before a significant bounce, describing a potential long setup as a "banger".
  • Long Entry Zone: The ideal entry for a long position is in the $119,000 region, specifically between $118,500 and $119,500.
    • This level is supported by multiple technical factors, including VWAP (Volume-Weighted Average Price), a Fibonacci level, and a bullish order block.
  • Stop Loss: A stop loss for this trade could be placed around $118,400.
  • Short Entry Zone: If Bitcoin moves up instead of down, a potential shorting opportunity exists around $124,000. A stronger resistance and short zone is identified at $126,000 - $126,500.
  • Weekly Support: Major long-term support levels are noted at $114,000, $106,000, and $100,000.

Takeaways

  • Consider setting buy orders for a long trade in the $118,500 - $119,500 zone, as this is identified as a high-probability bounce area.
  • A drop to this level will likely cause altcoins to fall further, potentially presenting buying opportunities across the board.
  • If you are bearish, watch the $124,000 and $126,000 levels for potential short entries.

Ethereum (ETH)

  • Large institutions like BlackRock are reportedly buying significant amounts of ETH.
  • The short-term chart pattern resembles a bear flag, suggesting a potential move down before a bounce.
  • Entry Zone: The speaker suggests "laddering" (placing multiple buy orders at different prices) into a long position from $4,400 down to $4,300.
  • Key Support: A key bounce zone is identified around $4,280, which would be an ideal entry if the price drops.

Takeaways

  • A potential strategy is to place several smaller buy orders between $4,400 and $4,300 to build a position.
  • The $4,280 level is a critical support to watch for a strong bounce.

Altcoin & Meme Coin Opportunities

Zcash (ZEC)

  • The coin has been performing exceptionally well, driven by a strong "privacy narrative" in the market.
  • The speaker was in a long position and identified $174 as a key resistance and take-profit level, where they decided to close the trade.

Takeaways

  • The privacy sector is showing strength. For those holding ZEC, $174 was noted as a significant resistance level to consider taking profits.

Sui (SUI)

  • The coin is currently trading within a previously identified entry zone, and the trade is still considered valid.
  • Backup Entry Zone: If the current support fails, a "banger" (high-conviction) buying opportunity is identified at $3.30. This would likely occur if the broader market sees a significant drop.

Takeaways

  • The current long trade is still in play. However, a much better risk-reward entry exists at $3.30. Keep this level on your watchlist and have capital ("dry powder") ready in case of a market dip.

Solana (SOL)

  • Entry Zone: The $219 level is a key short-term support and a potential area for a bounce.
  • Backup Entry Zone: If $219 fails to hold, the next significant support level is $214. A drop to this level could create bullish divergence, making it an even stronger bounce candidate.

Takeaways

  • Watch for a bounce at $219. If the price breaks below this, a better long entry opportunity may appear at $214.

Avalanche (AVAX)

  • The speaker is currently in a long position, as the price is holding a key support zone.
  • Key Support: The trade remains valid as long as it holds above the current zone.
  • Risk Level: A daily candle closing below $27.77 would be a bearish signal and a reason to consider exiting the long position.

Takeaways

  • For those in a long position, monitor the $27.77 level closely. A break below this could signal further downside.

Pump (PUMP)

  • Short-Term Trade: A potential short-term bounce trade is active with support at $58.67 and an upside target of $64.
  • "Banger" Entry Zone: A more ideal, high-conviction long entry is identified in the $52 - $54 range.

Takeaways

  • A quick trade could be attempted off the $58.67 support. For a more patient approach, wait for a potential dip to the $52 - $54 area for a better entry.

XPL (XPL)

  • The speaker is bullish but warns that the price has been consolidating for a week, which often leads to a "stop hunt"โ€”a sharp dip to liquidate traders before the price moves up.
  • Entry Zone: A long can be considered in the $0.87 down to $0.83 range.
  • Risk: Do not use a tight stop loss, as a quick dip below support is likely before a potential bounce.

Takeaways

  • This setup has a high risk of a stop hunt. If entering a long, consider using a wider stop loss or adding to your position if the price briefly dips below the $0.83 support level.

Aero (AERO)

  • Two clear dip-buying opportunities were identified in response to a viewer's question.
  • Entry Zones: $1.056 and $1.01.

Takeaways

  • For those looking to buy AERO, consider placing limit orders at $1.056 and/or $1.01.

Other Altcoins Mentioned

  • TAO: A "banger" long entry is at $314. A major resistance/take-profit zone is $350 - $355. Be aware of a large token unlock around the 10th-13th of the month, which could create selling pressure.
  • HYPE: A good long entry ("go time") is at $44.2. A key rejection zone to take profits is around $47.4.
  • PEPE: A technical long entry is identified at $0.00000918, based on Fibonacci and trendline support.
  • 4 (4.meme): A new, highly volatile meme coin on the BNB chain. The speaker advises against high-leverage trading and instead uses a low-leverage grid bot to trade the volatility more safely.

Stock & Macro Insights

Oracle (ORCL)

  • The stock has declined on negative news, which the speaker views as a potential dip-buying opportunity.
  • Entry Zone: A good area to look for a bounce is between $250 and $262.
  • Strategy: The speaker has set limit buy orders at $262 and $258.50 to automatically enter a position if the price drops to these levels.

Takeaways

  • Consider setting buy orders in the $250 - $262 range to catch a potential reversal on ORCL. This is a "buy the dip" strategy based on negative news.

Netflix (NFLX)

  • A follow-up on a previous successful call, the stock is up 9% and showing bullish signs.
  • It is attempting to break above its 50-day moving average, which could lead to further upside.

Takeaways

  • The bullish thesis on Netflix is playing out. The trend appears positive, confirming the success of the recent bounce call.

Gold

  • Gold is rallying hard, approaching $4,100, which is typically a sign of fear and a "flight to safety" from riskier assets.
  • While a major pullback is expected eventually, the current momentum is very strong.

Takeaways

  • The strong performance of gold suggests underlying fear in the broader financial markets, which could be a bearish indicator for stocks and crypto in the medium term.

General Market Themes & Advice

  • Market Condition: The current market is described as "super choppy" and difficult to trade.
  • Strategy: The recommended approach in these conditions is to use smaller position sizes and wider stop losses to avoid being shaken out of trades by volatility.
  • Bitcoin Dominance: This metric measures Bitcoin's market share relative to altcoins. The 59.3% level is a key resistance where altcoins have historically bounced. If it breaks, a move to 60.5% could cause a major altcoin crash, but that crash would likely be a prime buying opportunity.
  • Key Advice: "Have dry powder ready." This means keeping cash on the sidelines to deploy when these high-conviction buying opportunities present themselves.
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Episode Description
Bitcoin long trade just activated and Dylan is breaking down every critical detail you need to know. In this episode, he reveals the exact entry, stop losses, and target levels for the current setup, with insights into what could come next for Bitcoinโ€™s price action! ___________________________________________ ๐ŸŽ“ ๐——๐˜†๐—น๐—ฎ๐—ปโ€™๐˜€ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ซ๐—ฐ๐—ฒ๐—น๐—ฒ๐—ฟ๐—ฎ๐˜๐—ผ๐—ฟ ๐—ฆ๐—ฐ๐—ต๐—ผ๐—ผ๐—น - ๐— ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ถ๐—ป ๐Ÿญ๐Ÿฌ ๐——๐—ฎ๐˜†๐˜€! ๐Ÿ‘‰ Trading Xcelerator | Crypto Schoolย  ๐Ÿš€ ๐—–๐—ต๐—ฎ๐—ฟ๐˜ ๐—›๐—ฎ๐—ฐ๐—ธ๐—ฒ๐—ฟ๐˜€ - ๐——๐˜†๐—น๐—ฎ๐—ปโ€™๐˜€ ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐—ฟ๐—ฑ ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—š๐—ฟ๐—ผ๐˜‚๐—ฝ! ๐Ÿ‘‰ Join Chart Hackers ___________________________________________ ๐—–๐—›๐—˜๐—–๐—ž ๐—ข๐—จ๐—ง ๐——๐—ฌ๐—Ÿ๐—”๐—กโ€™๐—ฆ ๐—ฃ๐—”๐—ฅ๐—ง๐—ก๐—˜๐—ฅ ๐—˜๐—ซ๐—–๐—›๐—”๐—ก๐—š๐—˜๐—ฆ โฌ‡๏ธ ๐Ÿš€ ๐—–๐—ข๐—œ๐—ก๐—˜๐—ซ - ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ, ๐—˜๐—ฎ๐—ฟ๐—ป & ๐—ฆ๐˜‚๐—ฝ๐—ฒ๐—ฟ๐—ฐ๐—ต๐—ฎ๐—ฟ๐—ด๐—ฒ ๐—ฌ๐—ผ๐˜‚๐—ฟ ๐—š๐—ฎ๐—ถ๐—ป๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—•๐—ผ๐—ป๐˜‚๐˜€๐—ฒ๐˜€! ๐Ÿ‘‰ CoinEx Sign Up ๐Ÿ’ฐ ๐—•๐—ง๐—–๐—– - ๐—จ๐—ฝ ๐˜๐—ผ $๐Ÿญ๐Ÿฌ ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ถ๐—ป ๐—•๐—ผ๐—ป๐˜‚๐˜€! ๐—ก๐—ผ ๐—ž๐—ฌ๐—–! ๐Ÿ‘‰ BTCC Welcome Bonus ๐Ÿณ ๐—ช๐—˜๐—˜๐—ซ - ๐—ช๐—ฒ๐—น๐—ฐ๐—ผ๐—บ๐—ฒ ๐—•๐—ผ๐—ป๐˜‚๐˜€ ๐—จ๐—ฝ ๐—ง๐—ผ $๐Ÿฏ๐Ÿฌ ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—จ๐—ฆ๐——๐—ง! ๐Ÿ‘‰ WEEX Sign Up Bonusย  โ˜„๏ธ ๐—•๐—Ÿ๐—ข๐—™๐—œ๐—ก - ๐—š๐—ฒ๐˜ ๐˜‚๐—ฝ ๐˜๐—ผ $๐Ÿฐ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ถ๐—ป ๐—•๐—ผ๐—ป๐˜‚๐˜€๐—ฒ๐˜€, ๐—ก๐—ผ ๐—ž๐—ฌ๐—– ๐—ผ๐—ฟ ๐—ฉ๐—ฃ๐—ก ๐—ฟ๐—ฒ๐—พ๐˜‚๐—ถ๐—ฟ๐—ฒ๐—ฑ! ๐Ÿ‘‰ Blofin Welcome Bonus ๐Ÿ’ต ๐—•๐—ฌ๐—•๐—œ๐—ง - ๐—ฆ๐—ฐ๐—ผ๐—ผ๐—ฝ ๐˜‚๐—ฝ ๐˜๐—ผ $๐Ÿฏ๐Ÿฌ๐—ž ๐—ถ๐—ป ๐—ช๐—ฒ๐—น๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ฅ๐—ฒ๐˜„๐—ฎ๐—ฟ๐—ฑ๐˜€! ๐Ÿ‘‰ BYBIT Welcome Bonus ๐Ÿ”ฅ ๐—•๐—œ๐—ง๐—™๐—จ๐—ก๐——๐—˜๐—— - ๐—ง๐—ฟ๐—ฎ๐—ฑ๐—ฒ ๐—ช๐—ถ๐˜๐—ต ๐—ข๐˜๐—ต๐—ฒ๐—ฟ ๐—ฃ๐—ฒ๐—ผ๐—ฝ๐—น๐—ฒโ€™๐˜€ ๐— ๐—ผ๐—ป๐—ฒ๐˜†! ๐Ÿ‘‰ Bitfunded Register ___________________________________________ ๐Ÿ—ž๏ธ ๐—–๐—ฅ๐—ฌ๐—ฃ๐—ง๐—ข ๐—ก๐—˜๐—ช๐—ฆ๐—Ÿ๐—˜๐—ง๐—ง๐—˜๐—ฅ๐—ฆ - ๐—ฆ๐—ถ๐—ด๐—ป ๐—จ๐—ฝ ๐—ณ๐—ผ๐—ฟ ๐—™๐—ฅ๐—˜๐—˜!! ๐Ÿ“ฌ ๐—ง๐—ต๐—ฒ ๐——๐—ฎ๐—ถ๐—น๐˜† ๐—–๐—ฎ๐—ป๐—ฑ๐—น๐—ฒ - https://bit.ly/DC-Dylan ๐Ÿ“ฌ ๐—š๐—ผ๐—ผ๐—ฑ ๐— ๐—ผ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ - https://bit.ly/GMC-Dylan ๐Ÿ“ฃ ๐—›๐—ผ๐˜€๐˜ ๐—–๐—ต๐—ฎ๐—ป๐—ป๐—ฒ๐—น๐˜€: ๐Ÿ‘‰ ๐——๐˜†๐—น๐—ฎ๐—ป ๐—ผ๐—ป ๐—ซ: https://x.com/thelordofentryย  ___________________________________________ ๐Ÿ‘๏ธโ€๐Ÿ—จ๏ธ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—•๐—ฎ๐—ป๐˜๐—ฒ๐—ฟ ๐—ฎ๐—ฏ๐—ถ๐—ฑ๐—ฒ๐˜€ ๐—ฏ๐˜† ๐˜๐—ต๐—ฒ ๐—ณ๐—ผ๐—น๐—น๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—ฐ๐—ผ๐—ฑ๐—ฒ ๐—ผ๐—ณ ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜:ย  Our Ethics โ€“ Crypto Banter We take our code of ethics very seriously and have engaged @zachxbt (ZachXBT) to monitor our progress. If you feel weโ€™re not living up to it and have hard evidence please mail ZachXBT directly at reportcb@protonmail.com โš ๏ธ ๐—•๐—˜๐—ช๐—”๐—ฅ๐—˜ ๐—ข๐—™ ๐—ฆ๐—–๐—”๐— ๐— ๐—˜๐—ฅ๐—ฆ ๐—œ๐—ก ๐—ข๐—จ๐—ฅ ๐—–๐—ข๐— ๐— ๐—˜๐—ก๐—ง๐—ฆ ๐—”๐—ก๐—— ๐—–๐—ข๐— ๐— ๐—จ๐—ก๐—œ๐—ง๐—ฌ ๐—–๐—›๐—”๐—ก๐—ก๐—˜๐—Ÿ๐—ฆ ___________________________________________ ๐Ÿ“ ๐——๐—ถ๐˜€๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐—ฒ๐—ฟ: 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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