CME Gap Closed, Bull Market Back On!! [TODAY'S ALTCOIN TRADES]
CME Gap Closed, Bull Market Back On!! [TODAY'S ALTCOIN TRADES]
267 days agoCrypto Banter
Podcast27 min 27 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

The current market dip is viewed as a prime buying opportunity before an anticipated major altcoin rally. Solana (SOL) is a top conviction holding, with the current price considered a strong accumulation zone for a potential move towards its $300 price target. Consider accumulating Ondo (ONDO) at its current support level ahead of a potential trendline breakout that could trigger a 60% to 100% rally. Watch for breakouts in Injective (INJ) and Near Protocol (NEAR), as both are positioned just below final resistance for potential rapid price increases. For a more established name, Chainlink (LINK) is entering a key accumulation zone between $20 and $23.

Detailed Analysis

Bitcoin (BTC)

  • The speaker is bullish on Bitcoin following the closing of the CME gap, which they see as a positive sign that removes a downward price target.
  • They anticipate a short-term pullback or consolidation, forming a higher low, before a significant push higher.
  • Two potential short-term scenarios are mentioned:
    • A small pullback followed by a push up, potentially before Sunday.
    • A slightly lower low into the $116,000s, followed by a quick "v-shape" recovery.
  • The speaker believes the market will try to turn the weekly candle green by Sunday, with a weekly close above $120,000 being very bullish.
  • The next major price target for Bitcoin is identified in the $140,000 to $148,000 range, with a possibility of reaching $160,000.

Takeaways

  • The recent dip is viewed as a healthy correction and a potential entry opportunity before the next major move up.
  • A weekly close above $120,000 would be a strong confirmation of bullish momentum continuing into the next week.
  • Investors should be prepared for a potential "short squeeze" (a rapid price increase) once Bitcoin breaks through the short-term resistance around $119,500.

Altcoin Market (General)

  • The speaker is extremely bullish on altcoins, stating that an "altcoin day" with double-digit green gains is coming soon.
  • The Bitcoin Dominance chart is showing weakness, suggesting that money is likely to flow from Bitcoin into altcoins, fueling their rally.
  • The total altcoin market cap chart (Total 3) is approaching a major "all-time high" resistance. The speaker notes that the market is building strength slowly before this breakout, which is healthier than a parabolic pump into resistance.
  • The recent market-wide dip is seen as a buying opportunity, with the speaker stating that altcoins are at strong support levels and have not broken their overall upward momentum.

Takeaways

  • The current market environment is presented as a prime accumulation phase for altcoins before a potential major breakout.
  • Red days should be viewed as opportunities to buy, not reasons to panic, as the underlying market structure remains strong.
  • A breakout of the Total 3 chart above its all-time high would signal a major, market-wide altcoin rally.

Solana (SOL)

  • Solana is described as having a strong bounce and is a "no-brainer" for the speaker.
  • The speaker has been accumulating a position since $162 and sees the current price as being in a great accumulation area.
  • The price has pulled back to a momentum trendline and support, which is considered a "higher low" and a good entry point.
  • A price target of $300 is mentioned for Solana.

Takeaways

  • Solana is viewed as a top pick with significant upside potential.
  • The current price levels around $189-$190 are presented as a strong support zone and an attractive entry point for a move towards $300.

Cardano (ADA)

  • Cardano is highlighted for its strong bounce and a "daily high time frame breakout."
  • The speaker is actively accumulating ADA in the current price zone, noting it is sitting on support and forming a bull flag pattern.
  • A bull flag is a technical pattern that suggests the continuation of a strong upward trend after a brief period of consolidation.

Takeaways

  • Cardano is showing technical strength and is positioned for a potential breakout.
  • The current price is considered a good entry point for investors looking to capitalize on the next move up.

Chainlink (LINK)

  • Chainlink is mentioned as one of the "big tokens" the speaker is accumulating.
  • It is currently pulling back into a major support zone between $20 and $23.

Takeaways

  • The $20 - $23 price range is identified as a key area of support and a potential buying zone for LINK.

Injective (INJ)

  • Injective is another "big token" being accumulated.
  • It has already broken its trend and is now retesting it as support.
  • The speaker notes it has stopped at the "last big boss" (final resistance level), after which a short squeeze is expected.

Takeaways

  • INJ is positioned right below a major resistance level. A breakout above this level could lead to a rapid price increase.
  • Buying at the current support level offers a good risk/reward opportunity ahead of this potential move.

Ondo (ONDO)

  • Ondo is highlighted as a token being accumulated before it breaks its major trendline.
  • The speaker sees a potential 60% to 100% move for Ondo once it breaks out.
  • It is currently sitting on three lines of support, making it a strong accumulation candidate.

Takeaways

  • Ondo is presented as an opportunity to get in early before a potentially explosive move.
  • The strong support structure provides a solid base for accumulation.

Near Protocol (NEAR)

  • Near is described as having one "final boss" (a final resistance level) to break through.
  • After breaking this resistance, a short squeeze to $6 is anticipated.

Takeaways

  • Investors should watch for a breakout above the key resistance level on NEAR.
  • A successful breakout could trigger a quick move towards the $6 price target.

XRP (XRP)

  • XRP has dropped down to a key technical retest zone (the 0.618 Fibonacci level).
  • The speaker sees a "nice trade coming up" with a potential 20%, 30%, or 40% move.
  • A price target of $4 is mentioned for this trade.
  • Important Note: The speaker explicitly states they are not investing long-term in XRP, but see a short-to-medium term trading opportunity.

Takeaways

  • XRP is at a technical level that could serve as a launchpad for a significant short-term rally.
  • This is presented as a trade, not a long-term investment, with a target of $4.

Dogecoin (DOGE)

  • Dogecoin experienced a steeper dip but had a strong bounce off a key support level.
  • The speaker is preparing for a move to $0.40 for DOGE.

Takeaways

  • Despite a sharp pullback, DOGE has shown resilience by holding support.
  • The token is positioned for a potential rally towards the 40-cent mark.

Avalanche (AVAX)

  • AVAX is highlighted for its strong recovery and increasing volume, which the speaker sees as a sign of strength.
  • A "mega short squeeze" is expected once it breaks through its next major resistance level.

Takeaways

  • The increasing volume in AVAX suggests growing buyer interest.
  • A breakout above its key resistance could lead to a very sharp and rapid price increase.
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Episode Description
The crypto market is heating up fast! With the CME gap officially closed and Bitcoin showing renewed strength, Sheldon covers the latest price action, key support and resistance levels, and the altcoins primed for big moves. Stay tuned as Sheldon reveals the top trade setups you need to watch today. ___________________________________________ 🎯 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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