Altcoins Down 20%: Why I'm Buying This DIP
Altcoins Down 20%: Why I'm Buying This DIP
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Consider scaling into Bitcoin (BTC) only on dips, with $73,000 a possible near-term level; $79,000–$80,000 is resistance, and a move toward $100,000 between December and January is only a scenario.
  • Build Chainlink (LINK) gradually in the mid-$10s, potentially the early-$10s, and consider accumulating Uniswap (UNI) over time; neither has a stated price target.
  • Watch Solana (SOL) for a potential accumulation zone in the high-$80s to low-$90s, especially near $88, but wait for support confirmation given the risk of a lower low.
  • Treat altcoins as a cautious dollar-cost-averaging opportunity; broader strength would be better confirmed by an ETH/BTC breakout and a rejection in Bitcoin dominance.
Detailed Analysis

Bitcoin (BTC)

  • The host sees $79,000–$80,000 as significant short-term resistance and expects a possible dip before a stronger move.
  • One scenario is a drop to $73,000 within three days; the alternative is that the low is already in and Bitcoin forms a higher low.
  • The host suggested a possible attempt at $100,000 between December and January, depending on how the market develops.
  • The broader view remains bullish unless Bitcoin breaks below the host’s identified long-term trend line. The host also cautioned that timing is uncertain and short-term trading may be choppy.

Takeaways

  • Treat the stated levels and timelines as the host’s technical-analysis scenarios, not confirmed forecasts.
  • The host’s approach is to keep limit orders for potential dips, avoid going all in, and wait for trend breaks before taking larger short-term trades.

Altcoins (sector)

  • The host described the prior month as a broad pullback, with many altcoins down by double digits.
  • The host cited support from the 200-day moving average and a key Fibonacci retracement level, and expects a possible strong bounce if buyers step in.
  • The host argued that a breakout in ETH/BTC and a rejection in Bitcoin dominance could support stronger altcoin performance during a market bounce.
  • A bullish continuation would require altcoins to recover and engulf the prior month’s candle; the host said this could take one or two candles.

Takeaways

  • The host’s strategy is to dollar-cost average into selected altcoins during declines rather than commit all available capital at once.
  • Another approach discussed was keeping capital available and waiting for key trend lines to break before buying a confirmed breakout.
  • The host noted that further downside and uncertain timing remain possible.

Hedera (HBAR)

  • HBAR was cited as being down 30% over the month.
  • The host included it among the altcoins that may be approaching accumulation zones, but did not give a specific price level.

Takeaways

  • The discussion offers only a general dip-buying rationale for HBAR; it does not provide a coin-specific entry level or confirmation of a reversal.

Chainlink (LINK)

  • Chainlink was cited as down 20%.
  • The host identified the mid-$10 range, and potentially the early-$10 range, as areas where they would build a position.
  • The host also suggested watching the coin’s trend line for a potential breakout.

Takeaways

  • The stated price areas are the host’s accumulation zones, not a guarantee of support. Consider scaling in rather than buying the full position at once.

Sui (SUI)

  • SUI was cited as down 24% over the month.
  • The host presented the broad altcoin pullback as an opportunity to look for accumulation, but gave no SUI-specific price target.

Takeaways

  • Any buying thesis here depends on the broader altcoin bounce described by the host; the transcript does not establish a specific entry point for SUI.

Avalanche (AVAX)

  • AVAX was cited as down 21%.
  • The host grouped it with altcoins that may be near support and potential accumulation areas, without identifying a specific AVAX price level.

Takeaways

  • The discussion supports only a general watch-for-support approach, not a confirmed AVAX buy signal.

Internet Computer (ICP)

  • ICP was cited as down 24%.
  • It was included in the broader discussion of altcoins that may be approaching accumulation zones, but no specific ICP level was provided.

Takeaways

  • The host’s view depends on a broader market recovery; the transcript does not give a distinct entry level or catalyst for ICP.

Uniswap (UNI)

  • Uniswap was cited as down 21%.
  • The host specifically said they were accumulating UNI for the cycle.

Takeaways

  • UNI was one of the clearest personal accumulation ideas in the discussion. The host did not give a price target, so the general strategy described was to build positions gradually during declines.

Algorand (ALGO)

  • Algorand was cited as down 26%.
  • The host included it among the altcoins that could be in potential accumulation areas, without naming a specific price level.

Takeaways

  • The transcript offers a broad dip-buying thesis, but no ALGO-specific confirmation or entry level.

Solana (SOL)

  • The host said SOL could make a lower low before recovering.
  • The proposed accumulation zone was between the late $80s and early $90s, with the $88 Fibonacci level highlighted alongside the 200-day moving average.

Takeaways

  • The host viewed that price range as a potential accumulation zone while acknowledging the possibility of further downside. Consider waiting for support or a trend break rather than assuming the level will hold.

Ethereum (ETH)

  • The host said ETH was at its 200-day moving average.
  • The host also described ETH/BTC as beginning to break out, which they viewed as a possible positive signal for altcoins.

Takeaways

  • The discussion is cautiously constructive on ETH’s relative strength and support, but does not provide an ETH price target or a specific buy recommendation.

XRP (XRP)

  • The host said XRP was testing its 200-day moving average and could fall further.
  • A possible accumulation area was around $1.12, or slightly below.

Takeaways

  • The host’s level is a potential buying zone, not a confirmed floor. Further downside was explicitly considered possible.

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Video Description
Could the altcoin market be preparing for one final flush before a massive bounce? In today's episode, Sheldon breaks down the current market structure, key price levels, and signals suggesting another potential dip before the next major move higher. We’ll explore which altcoins are approaching important buy zones, what to watch for during this final shakeout, and why patience could be crucial right now. Is this the opportunity everyone is waiting for, or is more downside still ahead? Get ready as Sheldon shares his market outlook and the levels he's watching before the next big altcoin move. ______________________ 🎁 𝗦𝗣𝗜𝗡 𝗧𝗢 𝗪𝗜𝗡 - 𝟭 𝗼𝗳 𝟮𝟬 𝗶𝗣𝗵𝗼𝗻𝗲 𝗗𝘂𝗼𝘀 + 𝗥𝗲𝘄𝗮𝗿𝗱 𝗨𝗽 𝘁𝗼 $𝟭,𝟬𝟬𝟬! 👉 Join here: https://rewards.cryptobanter.com/r/sheldon 🎯 𝗦𝗡𝗜𝗣𝗘𝗥 𝗖𝗟𝗨𝗕 - 𝗧𝗿𝗮𝗱𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿! 𝗪𝗶𝗻 𝘄𝗶𝘁𝗵 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆, 𝗻𝗼𝘁 𝗟𝘂𝗰𝗸! ☑️ Your daily hub for trading insights, trade ideas, and community. 👉 𝗕𝗲𝗰𝗼𝗺𝗲 𝗮 𝗦𝗻𝗶𝗽𝗲𝗿: https://sniperclub.net/JoinSniperTradingYT 🚀 𝗜𝗡𝗦𝗘𝗥𝗧.𝗧𝗥𝗔𝗗𝗘 - 𝗧𝗿𝗮𝗱𝗲 𝗖𝗮𝗹𝗹𝘀 𝘁𝗵𝗲 𝗠𝗼𝗺𝗲𝗻𝘁 𝗧𝗵𝗲𝘆 𝗟𝗮𝗻𝗱! 👉 Free for Sniper Club members: https://app.insert.trade/ ______________________ 𝗧𝗥𝗔𝗗𝗘 𝗪𝗛𝗘𝗥𝗘 𝗦𝗛𝗘𝗟𝗗𝗢𝗡 𝗧𝗥𝗔𝗗𝗘𝗦! ⬇⬇⬇⬇⬇⬇ 🇹🇷 𝗪𝗘𝗘𝗫 - 𝗧𝗿𝗮𝗱𝗲 𝘁𝗼 𝗪𝗜𝗡 𝗮 𝗚𝗼𝗹𝗱𝗲𝗻 𝗖𝗮𝗽𝗽𝗮𝗱𝗼𝗰𝗶𝗮 𝗚𝗲𝘁𝗮𝘄𝗮𝘆!!! 🎁 Trade futures on WEEX for a chance to stay in a cave suite, ride a hot-air balloon and fly first class to Turkey! 👉 𝗧𝗿𝗮𝗱𝗲 𝗻𝗼𝘄: https://bit.ly/WEEX-Cappadocia-Getaway 🟨 𝗕𝗬𝗕𝗜𝗧 - 𝗚𝗿𝗮𝗯 𝗮 $𝟱𝟬 𝗦𝗶𝗴𝗻-𝗨𝗽 𝗕𝗼𝗻𝘂𝘀 + 𝗘𝗮𝗿𝗻 𝘂𝗽 𝘁𝗼 $𝟯𝟬,𝟬𝟬𝟬 𝗶𝗻 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗕𝗼𝗻𝘂𝘀𝗲𝘀! 👉 Sign up: https://bit.ly/bybit-sheldon 🟩 𝗞𝗔𝗟𝗦𝗛𝗜 - 𝗧𝗿𝗮𝗱𝗲 $𝟱𝟬 & 𝗚𝗲𝘁 𝗮 $𝟮𝟱 𝗕𝗼𝗻𝘂𝘀 + $𝟱𝟬𝟬 𝗪𝗲𝗲𝗸𝗹𝘆 𝗚𝗶𝘃𝗲𝗮𝘄𝗮𝘆!!! 👉 Sign up: https://kalshi.com/p/sheldon ✅ Trade Leveraged Perps in 190+ countries 🟧 𝗕𝗟𝗢𝗙𝗜𝗡 – 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗡𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 $𝟵𝟬𝟬 𝗙𝗿𝗲𝗲 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗧𝗿𝗮𝗱𝗲 +𝟮𝟬% 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗕𝗼𝗻𝘂𝘀! 👉 No KYC! Sign up: https://blofin.com/invite/Sheldon 🟥 𝗧𝗢𝗢𝗕𝗜𝗧 - 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗮𝗻𝗱 𝗧𝗿𝗮𝗱𝗲 𝘁𝗼 𝗪𝗶𝗻 𝗨𝗽 𝘁𝗼 𝟲𝟬,𝟴𝟱𝟬 𝗨𝗦𝗗𝗧 𝗮𝗻𝗱 𝗠𝗼𝗿𝗲!! 🎁 New users will receive a 50 USDT Bonus! 🎁 Plus, get a 20% rebate when you deposit! Up to 800 USDT! 👉 𝗦𝗶𝗴𝗻 𝘂𝗽: https://bit.ly/Toobit-Sheldon ⬛️ 𝗩𝗔𝗥𝗜𝗔𝗧𝗜𝗢𝗡𝗔𝗟 𝗢𝗠𝗡𝗜 - 𝗧𝗿𝗮𝗱𝗲 𝘄𝗶𝘁𝗵 𝗭𝗲𝗿𝗼 𝗙𝗲𝗲𝘀 + 𝗚𝗲𝘁 𝗮 𝗕𝗮𝗻𝘁𝗲𝗿 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝟭𝟱% 𝗣𝗼𝗶𝗻𝘁𝘀 𝗕𝗼𝗼𝘀𝘁! 1️⃣ Connect your wallet: https://omni.variational.io 2️⃣ Once your wallet is connected, use code: OMNISNIPER 🚨 Note: If you don’t use the code above, you won’t get the 15% Points Boost! 🟦 𝗙𝗢𝗠𝗢 - 𝗚𝗲𝘁 𝗘𝗫𝗖𝗟𝗨𝗦𝗜𝗩𝗘 𝟭𝟬% 𝗢𝗙𝗙 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗙𝗲𝗲𝘀! 1️⃣ Sign up: https://fomo.family/r/SheldonSniper 🎁 𝗕𝗜𝗧𝗙𝗨𝗡𝗗𝗘𝗗 - 𝟱𝟱% 𝗢𝗳𝗳 + 𝟮𝟬𝗫 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲! 👉 𝗦𝗶𝗴𝗻 𝘂𝗽: https://bitfundedxsheldon.com/ ______________________ 𝗙𝗢𝗟𝗟𝗢𝗪 𝗦𝗛𝗘𝗟𝗗𝗢𝗡! ⬇⬇⬇⬇⬇⬇ 👉 𝗫: https://x.com/Sheldino_D 👉 𝗜𝗻𝘀𝘁𝗮𝗴𝗿𝗮𝗺: https://bit.ly/sniper-insta 👉 𝗔𝗹𝗹 𝗦𝗼𝗰𝗶𝗮𝗹𝘀: https://linktr.ee/sheldon_the_sniper 📺 𝗦𝗛𝗘𝗟𝗗𝗢𝗡 𝗧𝗛𝗘 𝗦𝗡𝗜𝗣𝗘𝗥 - 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗬𝗼𝘂𝗧𝘂𝗯𝗲 𝗖𝗵𝗮𝗻𝗻𝗲𝗹! 👉 https://www.youtube.com/@officialsnipertrading 🏆 𝗦𝗡𝗜𝗣𝗘𝗥 𝗚𝗜𝗩𝗘𝗔𝗪𝗔𝗬𝗦!! 👉 Email: sniper.giveaways@cryptobanter.com ______________________ 👁️‍🗨️ 𝗖𝗿𝘆𝗽𝘁𝗼 𝗕𝗮𝗻𝘁𝗲𝗿 𝗮𝗯𝗶𝗱𝗲 𝗯𝘆 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗰𝗼𝗱𝗲 𝗼𝗳 𝗰𝗼𝗻𝗱𝘂𝗰𝘁: 👉 https://www.cryptobanter.com/our-ethics/ We take our code of ethics very seriously and have engaged @zachxbt (https://twitter.com/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 (mailto:reportcb@protonmail.com) ⚠️ 𝗕𝗘𝗪𝗔𝗥𝗘 𝗢𝗙 𝗦𝗖𝗔𝗠𝗠𝗘𝗥𝗦 𝗜𝗡 𝗢𝗨𝗥 𝗖𝗢𝗠𝗠𝗘𝗡𝗧𝗦 𝗔𝗡𝗗 𝗖𝗢𝗠𝗠𝗨𝗡𝗜𝗧𝗬 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 ________________________ Crypto Banter is a live-streaming channel that brings you the hottest crypto news, market updates, and fundamentals of digital assets. Join the fastest-growing crypto trading community to get notified on the most profitable trades and the latest crypto market updates & news!! 📝 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. Views expressed by guests and hosts do not reflect the views of the station. Listeners are encouraged to do their own research. #Crypto #Bitcoin #Altcoins #Solana #Chainlink #Sheldon ⏱ 𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀: 00:00 Why Altcoins Down 20-30% Signal the Next Accumulation Zone 01:59 Where Is Bitcoin (BTC) in the Cycle? Monthly W Pattern Explained 03:26 Why the Bitcoin (BTC) Weekly Stochastic Reset Is Delaying the Rally 04:54 Can Bitcoin (BTC) Engulf the Monthly Red Candle from 200-Day MA Support? 06:13 Will Altcoins Bounce from the 200-Day MA and 0.618 Fib Confluence? 07:49 Can Bitcoin (BTC) Attempt $100,000 Between December and January? 09:09 Is the $88 0.618 Fib the Best Solana (SOL) Accumulation Zone? 10:30 How the Bottom Trend Line Defines the Bitcoin (BTC) Bear Market 11:51 Will Bitcoin (BTC) Bounce to $82,000 or Drop to $73,000 First? 13:18 Why Buy Spot Now and Wait for Trend Breaks Before Trading Size 🎬 𝗪𝗮𝘁𝗰𝗵 𝗦𝗵𝗲𝗹𝗱𝗼𝗻'𝘀 𝗙𝗥𝗘𝗘 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗟𝗲𝘀𝘀𝗼𝗻𝘀: https://www.youtube.com/watch?v=YGBLIYXXoOA&list=PLmOv2_vzOoGcTirwpJoyhGrYRnv1CRyIa 🎬𝗠𝗼𝗿𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗩𝗶𝗱𝗲𝗼𝘀: 🎞️𝗕𝗶𝘁𝗰𝗼𝗶𝗻'𝘀 𝗡𝗲𝘅𝘁 𝗕𝗶𝗴 𝗠𝗼𝘃𝗲 𝗮𝗻𝗱 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗥𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀: https://youtu.be/VI2OwnSywFw 🎞️𝗜𝘀 𝗧𝗵𝗶𝘀 𝗮 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗕𝗲𝗮𝗿 𝗧𝗿𝗮𝗽 𝗕𝗲𝗳𝗼𝗿𝗲 𝘁𝗵𝗲 𝗣𝘂𝗺𝗽: https://youtu.be/0lHHVfJKMK4
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