Crypto Live Trading | With Chart Hackers Team
Crypto Live Trading | With Chart Hackers Team
244 days agoโ€ขCrypto Banter
Podcast1 hr 7 min
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider a long position on Aave (AAVE) between $295 - $300, as it shows strong bullish signals for a potential 6-8% gain with a stop loss just below $293.5. For a bearish play, Zcash (ZEC) presents a short-selling opportunity near $42-$44, with initial profit targets around the $39-$40 level. A higher-conviction buying opportunity for Solana (SOL) may appear on a pullback to the $190 - $192 support zone. Within the gaming sector, consider setting buy orders for Omni (OMNI) between $2.98 - $3.10 for a potential 20% swing trade. Similarly, a strong buying zone for Ethereum (ETH) is identified lower, in the $4,050 - $4,150 range.

Detailed Analysis

Bitcoin (BTC)

  • The hosts see the market as undecided, with no clear direction for Bitcoin on shorter timeframes. The sentiment is that a short-term move up could happen, but likely only after another quick dip down to shake out traders.
  • A quick dip into the $110,250 or $109,500 levels could present a short-term buying opportunity for a bounce.
  • On the higher timeframe (3-day chart), a reversal signal is getting closer, but a drop to the $105,300 level wouldn't be surprising before a more significant move up.

Takeaways

  • Bitcoin is in a choppy, tight range, making it difficult to predict the next major move.
  • For short-term traders: Look for a potential dip towards $109,500 as a possible entry for a quick bounce.
  • For longer-term investors: Be aware that a further drop to $105,300 is possible. A reversal signal on the 3-day chart in the coming days could indicate a stronger bottom is forming.

Ethereum (ETH)

  • Ethereum is facing massive resistance at the $4,500 level. The price was "completely wrecked" after hitting a key VWAP (Volume-Weighted Average Price) level and retracing its entire move up.
  • Bulls are attempting to hold support around $4,250.
  • A short-term "degen" (high-risk) play was identified for a bounce between $4,250 and $4,220.
  • The hosts believe a more significant and higher-conviction buying opportunity lies lower, in the $4,150 down to $4,050 range. This is described as a "high impact zone" for a long position.

Takeaways

  • Short-term: A risky bounce trade could be attempted off the $4,250 support level, but conviction is low.
  • Actionable Insight: A better strategy may be to wait for a potential drop into the $4,150 - $4,050 zone. An entry here would be for a more substantial bounce, as it aligns with key technical indicators on multiple timeframes.

Solana (SOL)

  • Similar to Ethereum, the short-term outlook is cautious. A significant bounce zone on the higher timeframe is identified at $188.
  • Two potential long entry zones were discussed for different risk appetites:
    • Short-term bounce: Look for an entry between $201 and $198. The expected bounce from here would be a modest 3-5%.
    • Stronger "banger" zone: A higher-conviction entry is lower, between $192 and $190. This area has multiple technical factors supporting it as a strong bounce zone.
  • Risk Factor: If SOL drops 6-7% to reach these lower targets, be aware that smaller tokens in the Solana ecosystem could fall even harder, potentially 10-12%.

Takeaways

  • Conservative approach: Wait for SOL to pull back to the $190 - $192 area to consider a long position. This is viewed as a much stronger support level.
  • Aggressive approach: A short-term trade could be taken between $201 - $198, but be prepared for only a small bounce and have a clear exit plan.

Aave (AAVE)

  • Sentiment: Bullish. The hosts are actively in a long position on AAVE.
  • Reasoning: AAVE is showing "double bullish divergence" on the 2-hour chart, a strong technical signal that often precedes a price reversal to the upside. It appears to be "ahead of the game" compared to other altcoins.
  • Entry Zone: The buy zone is between $300 and $295. The trade is active and can still be entered in this range.
  • Target: The goal is to ride the bounce up to the VWAP above, which could result in a 6-8% gain.
  • Stop Loss: A candle close below the recent lows around $293.5 would invalidate the trade idea.

Takeaways

  • AAVE is presenting a compelling long setup due to strong bullish technical signals.
  • Actionable Insight: A long position can be considered in the $295 - $300 range. The target is a 6-8% move up, with a stop loss set just below $293.5.

Zcash (ZEC)

  • Sentiment: Bearish. This was presented as a short-selling opportunity.
  • Reasoning: ZEC is approaching a heavy resistance area with multiple technical indicators suggesting a move down, including a bearish order block and key Fibonacci levels.
  • Entry Zone: The short entry was "at entry now" during the podcast (around $42-$43). One can add to the position on any further pumps towards $44.
  • Take Profit Targets:
    • First target: $39 - $40.
    • Major targets: $35 and $31.
  • Invalidation: If the price breaks above its current downward trendline, the short idea is no longer valid.

Takeaways

  • ZEC is considered a "safer short play" compared to other more volatile assets.
  • Actionable Insight: Consider a short position around the current price up to $44. Plan to take profits at $40, $35, and $31.

Gaming Sector (OMNI, ILV)

  • Investment Theme: The gaming sector could be poised for a move in the upcoming weeks. Several gaming tokens like Illuvium (ILV), Omni (OMNI), and Kava (KAVA) were showing signs of strength.
  • Omni (OMNI) was highlighted as a "slow cooker" trade.
    • Sentiment: Bullish.
    • Entry: Set limit buy orders between $3.10 and $2.98. This is a trade to enter with low leverage and let it develop over time.
    • Invalidation: A 4-hour or 8-hour candle close below $2.955.
    • Target: A potential 20% move to the upside, targeting the previous week's high.

Takeaways

  • Keep an eye on the gaming sector as a whole for potential outperformance.
  • OMNI offers a specific trade setup for those looking to get exposure to this theme. The strategy is to patiently buy in the $2.98 - $3.10 zone for a potential 20% swing trade.

Other Notable Opportunities

  • Manta (MANTA): A bullish swing trade idea. The entry zone is between $0.1717 and $0.1812, which would be an 8% drop from the current price. The target is a 20-30% move up. This is based on a strong daily bullish divergence signal.

  • Aero (AERO): A bullish bounce play. The strategy is to "ladder in" (buy in small increments) within the $1.00 - $1.11 zone for a potential 4-5% bounce. The trade is invalidated if it breaks below its rising trendline.

  • Useless (USELESS): A bearish short setup on this Bonk ecosystem coin. After a large pump, a short could be entered around $0.235 if bearish divergence is confirmed. This is a high-risk trade on a volatile, low-cap coin.

  • WIF (WIF): A bullish scalp trade. The entry was "now" (at the time of the podcast) as it bounced from the bottom of an ascending channel. The stop loss is at $79 with an initial target of $82.

  • Ethena (ENA): A bullish "degen" bounce play based on recent positive news. The preferred entry zone is lower, between $0.707 and $0.699.

  • Kaspa (KAS): A bullish setup after a big drop. A "banger long" entry could be found between $0.074 and $0.075, targeting a 10-14% move up.

  • M (M): A bearish, high-risk "dumb shit" trade. One of the hosts is shorting this token as it feels "very toppy" despite its strong uptrend. This is a counter-trend trade acknowledged as being extremely risky ("wrong or rich").

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Episode Description
Join Dylan and the Chart Hackers team for another Crypto Live Trading session, as they analyze real-time bitcoin charts, Ethereum, and execute altcoin trades on the spot! Get insider information, crypto trading strategies, and raw market reactions from some of the sharpest minds in the space! ___________________________________________ 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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