GET READY! Altcoins Showing Strength! [CRYPTO RALLY SOON]
GET READY! Altcoins Showing Strength! [CRYPTO RALLY SOON]
201 days agoCrypto Banter
Podcast22 min 24 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Expect a potential final dip in Bitcoin (BTC) over the next few days, which could present a prime buying opportunity before a strong Q4 rally. The broader altcoin market appears poised for a significant move in the next one to two weeks, making this an ideal time to accumulate long-term positions. Focus on assets showing relative strength like Chainlink (LINK) and Cardano (ADA), as they are likely to lead the next rally. A high-conviction opportunity is Superfarm (SUPER), which is reportedly seeing significant accumulation by large investors before a potential major price increase. Also, consider buying Solana (SOL) if it dips to the low $180s and look into using the Gravity DEX to qualify for a potentially valuable airdrop.

Detailed Analysis

Bitcoin (BTC)

  • The speaker notes that Bitcoin is in a "tight range" after a significant dump. The weekly close was not strong, suggesting there could still be some short-term downside.
  • On a positive note, the weekly timeframe is showing an oversold Relative Strength Index (RSI) at a key support trendline. Historically, an oversold RSI has led to significant growth.
  • The speaker believes the "bears have this week to kind of do more damage", but after that, the bulls are expected to reply. The overall trend is still considered to be in "bull territory".
  • Two short-term scenarios are presented:
    1. A further drop in the next day or two, which the speaker sees as a prime opportunity to enter trades.
    2. A pump up to $116,000, followed by a drop, which would then be the entry point for trades.
  • The speaker is optimistic for a strong Q4, specifically mentioning December and January as potentially very strong months for the market.

Takeaways

  • Patience is key: The market is in a "depression state," moving slowly and tightening into a range. Avoid rushing into trades or using high leverage right now.
  • Look for entry points: A potential final dip in the next few days could present a strong buying opportunity for both short-term trades and long-term holdings.
  • Monitor the range: A breakout from the current tight range will signal the start of the next major move. The speaker is waiting for this confirmation before becoming more aggressive.
  • Long-term outlook is positive: Despite short-term uncertainty, the speaker remains bullish for the end of the year, suggesting this period is a good time to accumulate for the long term.

Altcoins (General)

  • The speaker believes the recent market dump has reset technical indicators (like the RSI) for altcoins, setting them up for a significant rally once the market turns.
  • The Bitcoin Dominance chart is approaching a resistance level. A rejection from this level would be very bullish for altcoins, as it means capital would likely flow from Bitcoin into altcoins.
  • The Total3 chart (total crypto market cap excluding BTC and ETH) is also showing an oversold RSI, indicating altcoins are at a potential bottom and ready to climb again.
  • The speaker suggests we are about "a week to two weeks" away from the phase where altcoins will really start to climb.
  • Accumulating spot (non-leveraged) long-term bags in this area is considered a good strategy. However, the speaker advises against opening too many leveraged positions until there is more confirmation of an uptrend.

Takeaways

  • Altcoin season may be near: Multiple indicators suggest that altcoins are coiling up for a strong move. The key is to watch for Bitcoin Dominance to start falling.
  • Accumulate strategically: This is presented as a good time to build long-term, non-leveraged positions in promising altcoins. Keep some cash on the side for a potential final dip.
  • Identify leaders: Not all altcoins will move at once. The speaker advises watching which coins are showing relative strength now (like Chainlink and Cardano) as they are likely to lead the rally.

Chainlink (LINK)

  • Mentioned as one of the "stronger, stronger, stronger alts right now".
  • It is already on the "right side of the trend," indicating it is outperforming many other cryptocurrencies that are still in a downtrend.
  • The speaker sees signs of it "channeling" for a potential breakout.

Takeaways

  • Watch for dips: While LINK is showing strength, the speaker is not chasing the green candle. The strategy is to wait for a pullback or a red day to buy, as it has demonstrated strong underlying momentum.
  • Potential leader: Chainlink's relative strength suggests it could be one of the top performers when the broader altcoin market begins to rally.

Superfarm (SUPER)

  • The speaker explicitly states, "I'm buying more and more and more Superfarm."
  • He points to "random big buy-ups" and volume spikes happening on red days. He interprets this as smart money and large players accumulating the token, not retail investors.
  • This accumulation pattern is compared to a previous period right before the token saw a very large price increase.

Takeaways

  • High-conviction play: The speaker has high personal conviction in SUPER, viewing the current price action as institutional accumulation before a major move.
  • Follow the volume: The key insight is to watch for large volume spikes during periods of low price action, as this can be a signal of accumulation by large investors. This could be an opportunity for a high-risk, high-reward investment.

Cardano (ADA)

  • Highlighted as a potential "leader" in the upcoming rally.
  • Like Chainlink, it is already on the "right side of the line" (above its short-term downtrend), showing relative strength.
  • If the market turns bullish, the speaker suggests ADA is a coin you would want to be trading because it is already showing signs of breaking out.

Takeaways

  • A leading indicator: Monitor Cardano's price action. If it breaks out decisively, it could signal that the broader altcoin market is ready to move higher.
  • Potential trade: Given its current strength, ADA is presented as a prime candidate for trading once the market confirms a bullish direction.

Other Mentioned Assets

  • Solana (SOL): The speaker sees a potential for a drop to the low $180s before it continues its move higher. This level could be a buying opportunity.
  • Ripple (XRP): Noted as "breaking out nicely" and being very close to a significant move.
  • Render (RNDR): Described as looking "very good", suggesting it's another strong-looking altcoin.
  • Avalanche (AVAX), Dogecoin (DOGE), Sui (SUI): These are mentioned as being "below the trend". This suggests they are currently weaker than coins like LINK and ADA and may lag in the initial phase of a market recovery.
  • Gravity DEX (Airdrop Opportunity): The speaker highlights a potential airdrop for users who trade on the Gravity DEX. By using the platform, traders accumulate points for a future airdrop, which he believes could be a significant opportunity. The airdrop is rumored for Q1 but could come sooner.
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Episode Description
After over a week of market roughness, altcoins are finally showing proper signs of life and Sheldon is here to break down what’s changing in the market right now. From Bitcoin’s dominance shifts to key altcoin setups, today he uncovers where the next big moves could come from. Stay sharp, stay early, and let’s prepare for what’s next in the crypto cycle. ___________________________________________ 🎯 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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