FOMC Trap Over, Next Altcoin Buy Zones!! [MEGA RALLY LOADING]
FOMC Trap Over, Next Altcoin Buy Zones!! [MEGA RALLY LOADING]
233 days agoCrypto Banter
Podcast47 min 14 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

A major altcoin rally is believed to be imminent, presenting a key opportunity to invest before significant price increases across the market. Render (RNDR) is highlighted as a top trade idea, with analysis pointing to a potential move from its current price near $4 up to the $9 level. Another high-conviction opportunity is Injective (INJ), which has just started a breakout and has an expected upside of 120% to 130%. Consider Algorand (ALGO) at its current price, which is described as an excellent entry point before an anticipated 100% move. Finally, Sui (SUI) is showing immediate strength by breaking out on its weekly chart, while Dogecoin (DOGE) could target $0.48-$0.50 if the market continues its momentum.

Detailed Analysis

Overall Market Sentiment

  • The speaker is extremely bullish on the cryptocurrency market, particularly altcoins. The recent rate cut is seen as a positive catalyst.
  • The speaker believes the market is on the verge of a "mega rally" or "parabolic moves" that could last for six months.
  • The key indicator mentioned is Total3 (the total market cap of all cryptocurrencies excluding Bitcoin and Ethereum), which is about to break its all-time highs. This is seen as the starting signal for a major altcoin season.
  • The current period is described as the last opportunity to "fill your bags" and get the best entries before the market moves significantly higher.
  • Bitcoin dominance has been rejected, which is viewed as a strong positive sign for altcoins as capital is expected to flow into them.

Takeaways

  • The analysis suggests a strong conviction that a broad-based altcoin rally is imminent.
  • Investors are encouraged to finalize their altcoin positions now, as this is considered the "second line entry" opportunity before a major parabolic run. After this, the strategy will shift to "riding the winners."
  • The primary analysis method is based on simple technical indicators like weekly candle closes, trend line breaks, and support/resistance levels.

Bitcoin (BTC)

  • Bitcoin has had a strong bounce and is on the verge of a "short squeeze," which could kick off a significant market-wide movement.

Takeaways

  • A potential short squeeze in Bitcoin could act as a major catalyst for the entire crypto market, including altcoins.

Ethereum (ETH)

  • ETH is climbing up and has already completed its "second leg" up.
  • The speaker believes ETH is not done yet and is expecting a "third leg" to the upside.

Takeaways

  • The price action in ETH is used as a model for what to expect from other altcoins that are about to begin their "second leg."

Solana (SOL)

  • Solana is back at its highs again.
  • The weekly chart analysis showed that "bulls whooped butt last week," indicating strong buying pressure and making a bearish outlook "crazy."
  • It is expected to approach its all-time highs next.

Takeaways

  • The sentiment on Solana is very bullish, with the expectation that it will continue to lead and test its previous peak.

Avalanche (AVAX)

  • AVAX "has taken off" after breaking out of a range it had been in since January, triggering a "weekly squeeze."
  • After a small amount of resistance, another "short squeeze" is anticipated.

Takeaways

  • AVAX is showing strong momentum after a long consolidation period, with technical indicators pointing towards continued upside.

Sui (SUI)

  • SUI is showing significant strength and an increase in volume.
  • It is described as a "large cap in phase three," meaning it's in the category of tokens expected to pump next.
  • It is "breaking out right now on the weekly," indicating immediate strength.

Takeaways

  • SUI is highlighted as a high-quality, large-cap token that is currently showing strong breakout signals, suggesting it could be a leader in the next wave of the rally.

Render (RNDR)

  • The speaker calls Render a "gem" and a "killer, killer, killer trade."
  • The chart shows a clear path for a significant move from its current price (around $4) up to the $9 mark.

Takeaways

  • Render is presented as one of the most attractive trade setups, with the potential to more than double in price. It is classified as a Phase 3 or Phase 4 token.

Algorand (ALGO)

  • The current price is described as "one of the best entries you're getting on this token."
  • It is categorized as a "phase three token" that is getting ready for a pop.
  • A 100% move is anticipated from its current position.

Takeaways

  • ALGO is presented as a strong buying opportunity with significant upside potential before its next major move.

Cardano (ADA)

  • The weekly candle suggested a price reversal was coming.
  • Cardano has now experienced a trend break, and the next expected event is a "short squeeze."
  • This short squeeze could result in a 50% move to the upside.

Takeaways

  • Technical signals for Cardano are bullish, pointing to a potential sharp upward move in the near future.

Dogecoin (DOGE)

  • Technical analysis shows DOGE has broken a key trend line and a previous high.
  • The weekly candle suggests that any recent dips are likely "fake" and will be bought up.
  • If the overall altcoin market (Total3) breaks its all-time high, DOGE could run to $0.48 - $0.50.

Takeaways

  • DOGE shows a strong technical setup with a significant price target, contingent on the broader market's bullish continuation.

Injective (INJ)

  • INJ "has broken out" and is described as having one of the "best entries in the market right now."
  • It is just breaking through a key level, making the entry "early."
  • The speaker is expecting a 120% to 130% move from its current price.

Takeaways

  • Injective is highlighted as a prime opportunity for a trade, having just initiated a bullish breakout with substantial upside potential.

Other Altcoins Mentioned

  • Polkadot (DOT): "Waking up" and breaking out. A trading range was identified for a bot between a $4 low and a $7.5 high.
  • Optimism (OP): "Waking up" and is positioned for a short squeeze to around $1.60. A trading range was identified between a $0.60 low and a $1.70 high.
  • VeChain (VET): "Starting to put in some moves." A trading range was identified between a $0.02 low and an $0.08 high.
  • Fetch.ai (FET): "Waking up nicely" and breaking out, with a sense of urgency around the opportunity.
  • Arweave (AR): A "phase four token" in an accumulation zone. It has broken a long-term trend. A trading range was identified between a $5.80 low and a $16 high, representing a potential 135% trade.
  • Illuvium (ILV): A "big mover" and a "really good trade." A very wide trading range was identified between a $9 low and a $100 high.
  • THORChain (RUNE): A "more riskier" play. A trading range was identified between a $1 low and a $4.50 high.
  • Zilliqa (ZIL): A "phase four" token, meaning it's in an earlier accumulation stage. A 100-200% trade is expected in the near term, with potential for a 7-10x in the full bull market.
  • Theta Network (THETA): A "category four" (phase four) buy. A trading range was identified between a $0.70 low and a $2.70 high.
  • Sonic (SONIC): "Literally at the last phase before it pops" and is very close to a weekly breakout. The first target is the $0.60 mark.
  • Ripple (XRP): "Breaking out." The speaker considers it "a little bit overvalued as an investment but a fun trade."
  • Hedera (HBAR): "Has broken out."
  • Beam (BEAM): An "alt season token" to consider for smaller allocations. A trading range was identified between a $0.006 low and a $0.037 high.
  • Lido DAO (LDO): Noted for having a "nice pump" and a "weekly breakout."
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Episode Description
We’ve survived the FOMC trap and come away with a bullish decision, now it’s preparation time for altseason. Today, Sheldon is laying out the roadmap, as well as which key altcoins to target for the next step of this cycle in order for you to maximise your opportunity! ___________________________________________ 🎯 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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