Consider a "buy the dip" opportunity on Bitcoin (BTC) at the $116,000 mid-range level, targeting a move towards $140,000. For a high-risk play, consider the new Layer 1 project Plasma (XPL), using the "yearly open" as the key support level to hold for the trade to remain valid. A speculative swing trade is being built in Asta (ASTA) based on a strong narrative, with a potential price target of $4.00. Watch the meme coin Useless (USELESS) for a confirmed breakout above $0.224, which could signal a potential spot trade gain of over 100%. Finally, a significant move for XRP (XRP) is anticipated if it can consolidate above the $3.40 breakout level, with a potential target of $4.90.

Bitcoin (BTC)

• The speaker identifies a new daily trading range for Bitcoin with key levels:
  • Range High: $123,329
  • Mid-Range: $116,000 (identified as a significant level)
  • Range Low: $108,828
• A pullback to the mid-range is presented as a potential "buy the dip" opportunity.
• The speaker suggests a long trade from the $116,000 level, targeting a move towards $140,000, which would represent a 5.28 to 1 risk-to-reward ratio.
• A major resistance level is noted between $119,000 and $119,500. The speaker advises against longing directly into this resistance.
• Risk Factor: There is a possibility of a "bull trap" scenario. If the price were to break below the range low, it could trigger a sharp move down towards an unfilled CME gap. However, the speaker views this as a low probability event.
• Invalidation Level: For any long trades taken now, the stop loss should be placed below the low of the previous day's large candle. A break below this level would invalidate the bullish thesis.

Takeaways

• Buy the Dip Opportunity: Consider a pullback to the $116,000 area as a potential entry point for a long position. This level is the mid-point of the newly established trading range.
• Conservative Entry Strategy: For more risk-averse investors, wait for Bitcoin to break and hold above the $119,500 resistance level before entering. This provides more confirmation, though at a slightly higher entry price.
• Monitor Altcoins: The speaker notes that when Bitcoin hits the $116,000 level, it's a good time to check your favorite altcoins, as they will likely be at their own respective "buy the dip" levels simultaneously.

Asta (ASTA)

• The speaker has taken a long trade on ASTA, viewing it as a potentially high-reward swing trade.
• The rationale is based on the involvement of CZ (former CEO of Binance), suggesting that his influence could lead to significant price appreciation, similar to what was seen with BNB.
• The trade is considered risky because ASTA is still in a technical downtrend and approaching resistance.
• The speaker believes it could be one of the "easiest trades in the market" by scaling into a position before the next major move up.
• A potential price target of at least $4.00 is mentioned, which would be a 135% move from current levels.

Takeaways

• High-Risk, High-Reward Play: ASTA is presented as a speculative investment based on the narrative of CZ's involvement. The speaker is personally building a position despite the current downtrend on the chart.
• Potential Target: The analysis suggests a significant upside potential, with a target of $4.00 mentioned, referencing "CZ's famous four."
• Risk Management: This is a high-risk trade. The speaker acknowledges getting stopped out of a previous high-leverage trade on ASTA before re-entering, highlighting the volatility.

Plasma (XPL)

• The speaker identifies XPL as a trade they are "really eyeing out" and is actively taking a position on the Blofin exchange.
• XPL is described as a brand new Layer 1 blockchain. The speaker notes that Layer 1s can reach valuations of hundreds of billions, suggesting high growth potential from its current $10 billion fully diluted valuation.
• The trade is considered risky and "dangerous," similar to the ETH trade from the previous day that played out well.
• The speaker is scaling into a 3x leverage long position, building an entry bit by bit as the price moves.
• Invalidation/Stop Loss: The position will be cut if the price starts to lose the "yearly open" level. A lower potential buy zone is mentioned around $0.56 if the initial trade fails.

Takeaways

• Speculative Layer 1 Bet: XPL is a new Layer 1 project the speaker is trading with leverage. This is a high-risk opportunity based on the potential for new Layer 1s to see massive growth.
• Active Trade: The speaker is actively entering a leveraged long position, indicating strong short-term conviction. This is a trade for experienced traders comfortable with high risk.
• Key Level to Watch: The "yearly open" is the key support level. A break below this would invalidate the current trade idea.

Silver (SLV)

• Silver is described as being on the verge of tagging its all-time high of $48.
• The chart is showing an "enormous bullish chart pattern" known as a cup and handle.
• Based on the measured move of this pattern, the speaker mentions a potential long-term price target for silver of $85.
• Important Caveat: This is described as a "multi-year trade," and the speaker explicitly states, "Does this mean that you should ape into silver? Absolutely not."
• The breakout in commodities like silver and gold is seen as a positive leading indicator for a potential parabolic move in crypto.

Takeaways

• Long-Term Bullish Outlook: Silver has a very bullish long-term outlook based on its chart pattern, with a potential target of $85.
• Not an Immediate Trade: This is not a short-term trade. It is a multi-year thesis. The mention is more to highlight broad market strength and a "sign of the times" that could benefit crypto.

NVIDIA (NVDA)

• The speaker highlights a successful trade on NVIDIA, which has produced "crypto-like gains."
• The trade is already up 18% from the initial entry, with another 15% of potential upside left to the target.
• The move is described as a "massive breakout," confirming the speaker's previous analysis.

Takeaways

• Strong Momentum: NVIDIA continues to show strong bullish momentum and has been a very profitable trade.
• Further Upside: The analysis suggests there is still room for the stock to run another ~15% before hitting its target.

Useless (USELESS)

• This is a meme coin trade that was shared in the speaker's private group and is already up 76% on a leveraged position.
• The coin is currently approaching resistance at its mid-range and a down-sloping trend line.
• Future Opportunity: For those who missed the initial entry, the advice is to wait for a confirmed breakout and candle closes above the mid-range resistance at $0.224.
• A successful breakout would confirm a falling wedge pattern, with a potential spot trade gain of 129%.

Takeaways

• Wait for Confirmation: Do not chase the current price. The key is to wait for a clear breakout above the $0.224 resistance level before considering an entry.
• High Potential: If the breakout occurs, the chart pattern suggests a potential for over 100% gains. This is a high-risk meme coin play.

XRP (XRP)

• The speaker is already in a long trade on XRP.
• The price is approaching a key breakout level.
• If XRP can consolidate above $3.40, the speaker expects a move towards higher targets.
• Price Targets: Potential targets based on prior chart patterns are mentioned at $4.90 and possibly $5.80.

Takeaways

• Key Breakout Level: Watch for XRP to break and hold above the $3.40 level. This would be the confirmation for a larger move higher.
• Upside Targets: If the breakout is successful, look for potential moves to the $4.90 - $5.80 range.

Other Mentioned Assets

• Ethereum (ETH): A successful trade from the previous day was highlighted, which hit nearly all take-profit targets immediately after being shared.
• ENS (ENS): A trade was taken based on the reclaim of the "Monday range." For new entries, the speaker suggests looking for a pullback towards the $21 level. The take-profit target is around $23-$24.
• Sui (SUI): Currently at a major resistance level (the 50% retracement level). If it can consolidate above this, a new trade opportunity may arise. The speaker mentions a potential long-term target of $8.
• Pump.fun (PUMP): The speaker is in a profitable long trade but notes the coin is at a key resistance area. The endorsement of the platform by Kathy Wood (Ark Invest) is seen as a significant positive factor for its long-term potential in an altcoin season.
• Chainlink (LINK): The chart is range-bound. The key is to treat it like Bitcoin's range. A break and hold above the mid-range at $23 would target $27.
• Sonic (SONIC): The speaker is personally skipping this trade due to it running into "massive underside resistance." For aggressive traders, a potential entry could be on a throwback to the orange trendline for support.
• SPX6900 (SPX): This is a memecoin, not the S&P 500 index. It has bounced but is now in a "danger zone" of resistance. The advice is to wait for a rejection and then look to buy the pullback to the 50% Fibonacci level.