Bitcoin, Ethereum & Altcoins: Where I’m Buying and Shorting (Live Trading)
Bitcoin, Ethereum & Altcoins: Where I’m Buying and Shorting (Live Trading)
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Bitcoin (BTC): A conditional long near $8,400–$8,800 was the clearest bullish setup; exit if a one-hour candle closes below $8,300, with $82,000 as a potential upside target.
  • Ethereum (ETH): Consider a short only on a rebound to $2,380–$2,390; invalidate the setup on a one-hour close above $2,416, with a potential target near $2,350.
  • Solana (SOL): Watch for a move to $102–$103 and consider a short only if price rejects that area.
  • Weekend liquidity and geopolitical headlines make these high-risk, short-term ideas; use small positions and predefined exits.
Detailed Analysis

Bitcoin (BTC)

  • The speaker was long Bitcoin, calling it the only major crypto chart he saw at support. He described the trade as very risky, citing thin liquidity, weekend conditions, and the possibility of renewed war escalation.
  • He identified $8,400–$8,800 as a potential long-entry area, said his entry was around $8,720, and planned to close the trade after a one-hour close below $8,300.
  • If support held, he was looking for a move toward $82,000. He also said he expected Bitcoin to reach $90,000 before a later drop, while acknowledging that this was his personal view.
  • He thought the market was ranging rather than undergoing a correction, and said Bitcoin was holding support better than most altcoins.

Takeaways

  • The speaker’s near-term view was bullish on Bitcoin but conditional: support holding was key, while an escalation in geopolitical events could invalidate the trade.
  • His approach emphasized a predefined stop and accepting a loss if the trade failed. These were his stated trading levels and opinions, not assured outcomes.

Ethereum (ETH)

  • The speaker was bearish on Ethereum, saying it had lost major support while Bitcoin had not.
  • If Bitcoin moved toward $82,000, he thought Ethereum might first rebound to $2,380–$2,390, where he would consider a short.
  • He described a one-hour close above $2,416 as invalidating that short idea, with a potential downside target near $2,350.
  • He also mentioned that some long-time Ethereum holders were selling.

Takeaways

  • The short setup depended on Ethereum rebounding into the stated resistance area; the speaker did not suggest shorting immediately after a continued drop.
  • The proposed trade was conditional on Bitcoin’s direction and included a stated invalidation level.

Strategy (formerly MicroStrategy; MSTR)

  • The speaker said he had shorted Strategy because he did not believe Michael Saylor could bring the company’s Bitcoin holdings to parity “anytime soon.”
  • He had also been short the previous day, but said he had closed that position. With the stock market closed, he saw little to analyze and described the stock as being at support.
  • He said Strategy’s direction was closely tied to Bitcoin: if Bitcoin fell, he expected Strategy to fall; if Bitcoin rose, he expected Strategy to rise.

Takeaways

  • The speaker’s stance was short-term bearish, but he offered no new entry or price target while the market was closed.
  • His comments frame Strategy as a Bitcoin-sensitive stock, so his view depended heavily on his Bitcoin outlook.

NEAR Protocol (NEAR)

  • The speaker said NEAR had lost major range support and saw no confirmation for a long.
  • He also cautioned against shorting directly at support. If NEAR rebounded, he identified $4.70–$4.80 as an area where he might look for a short.

Takeaways

  • His view was cautious and conditional: he would wait for a rebound toward resistance rather than chase a long or short at support.
  • He described these as weekend trading levels, not a longer-term outlook.

Lighter (LIT)

  • The speaker said he held a substantial amount of Lighter, including 50% of his airdrop, and planned to add more. He said he had previously shared buy levels and viewed current support as important.
  • For a short-term trade, he also identified $3.15–$3.24 as a resistance area where he might look for a small short.
  • He said some people who had sold Lighter were buying it again after an investor call.

Takeaways

  • The speaker expressed a positive longer-term personal view while also describing a possible short-term short setup. Those are different time horizons, not necessarily contradictory.
  • He said losing the support area would make him more concerned; he did not provide a specific support price in this segment.

Solana (SOL)

  • The speaker said Solana had lost major support and expected a move toward $102–$103, followed by a possible rejection and short setup.

Takeaways

  • His near-term view was bearish, but the proposed short depended on a move up to resistance and a rejection there.
  • He warned that a political de-escalation could trigger a sharp squeeze in shorts.

XRP (XRP)

  • The speaker said XRP had lost support within its range and could move toward a resistance area around $1.30–$1.45, where he would watch for a rejection and a possible move to fill a lower price gap.
  • He disclosed that he was a large XRP holder and had spot buy limit orders around $1.21–$1.23.
  • He said he was regularly dollar-cost averaging and preferred buying on red days rather than chasing upward moves.

Takeaways

  • The speaker’s short-term chart view was cautious, but his personal spot strategy was to accumulate on dips.
  • He presented the limit orders as his own plan, not a recommendation, and cautioned against deploying all available funds at once.

Sui (SUI)

  • The speaker saw a possible move to $0.983–$0.993, followed by a potential rejection and short setup.
  • He also said SUI was at support and mentioned $0.93 as a possible limit-buy area for a quick trade.
  • A close above $1.00, in his view, would mean support had been regained and invalidate the short idea.

Takeaways

  • His view was mixed and dependent on price action: possible short after a resistance test, but a potential bounce from support.
  • He characterized these ideas as short-term weekend trades.

Ethena (ENA)

  • The speaker expected ENA to test $0.196–$0.198, where he might look for a short after consolidation.
  • He said he generally avoided trading ENA because posts on social media could move its price.

Takeaways

  • The speaker’s short idea depended on a resistance test and subsequent confirmation; he did not present it as a trade he was taking.
  • He specifically flagged social-media-driven price moves as a reason he considered ENA difficult to trade.

Convex Finance (CVX)

  • The speaker said he was a spot holder and had held Convex for a long time. He described it as a high-risk, high-reward asset with sharp price moves.
  • He saw a potential buy area around $2.30–$2.35, after a retest of a former resistance area as support. He mentioned a possible target near $2.71, with a one-hour close below roughly $2.40 as an invalidation condition.
  • He said he might take profits sooner if political events reduced the chance of a market rebound.

Takeaways

  • The speaker was bullish on Convex, but explicitly described it as high risk and focused on a conditional, short-term setup.
  • His proposed trade relied on the former resistance holding as support; he also said he was willing to take profits rather than hold through uncertain events.

Hedera (HBAR)

  • The speaker called himself a bull on HBAR, but his weekend chart setup was to watch for a move to $0.078–$0.08 and potentially short a rejection.
  • He said a one-hour close above approximately $0.0845 would invalidate that short idea.

Takeaways

  • His long-term personal enthusiasm and short-term trading setup differed: he was bullish on the asset but considered a short-term rejection trade possible.
  • He also mentioned the stated area as a possible spot-buy opportunity for someone seeking an entry, while framing this as his opinion.

BNB (BNB)

  • The speaker said BNB might offer a short after a move back to resistance, but noted that he did not usually trade it.
  • The price levels he gave were unclear in the transcript, so they are not repeated here.

Takeaways

  • The speaker’s view leaned bearish, but he did not express high conviction and did not provide clear, reliable price levels.
  • He cautioned that BNB could behave differently from the broader chart setup.

Monero (XMR)

  • The speaker said $500–$600 had historically acted as resistance for Monero and suggested a possible pullback toward $550–$515 before a potential move higher.
  • He said he did not trade Monero with leverage and did not offer a specific leveraged-trade plan.

Takeaways

  • His view allowed for a near-term pullback followed by possible further upside, but he gave no firm timing or entry recommendation.
  • He explicitly distinguished his chart observations from a leveraged trading plan.

Curve DAO Token (CRV)

  • The speaker described CRV as having a clear trading range and expected a rebound toward $0.3593–$0.4640, followed by a possible short.
  • He based the idea on CRV having lost support and potentially retesting that area.

Takeaways

  • The speaker’s setup was bearish after a potential resistance retest, rather than a recommendation to short at current support.
  • He presented it as a short-term trade and urged small risk in the weekend market.

Hyperliquid (HYPE)

  • The speaker said he held HYPE and had accumulated around $40. He wanted to add more and had spot limit orders set lower, though he did not give their exact prices.
  • He said he was waiting for a broader correction and expected Bitcoin to reach $90,000 before that correction, while acknowledging he could be wrong.
  • He considered a short-term long from support but ultimately said he would not take that trade, citing discipline and weekend risk.

Takeaways

  • The speaker’s longer-term stance was constructive, while his immediate trading stance was to wait rather than enter.
  • He emphasized that a potential setup is not the same as a trade he actually took.

Dogecoin (DOGE)

  • The speaker said a previously discussed DOGE setup was nearly at its full target and was no longer valid.

Takeaways

  • No new DOGE trade or directional view was offered in this segment.

Pudgy Penguins (PENGU)

  • PENGU was mentioned among meme coins, but the speaker declined to chart it, saying he generally avoided charting meme coins because he considered them easy to manipulate.

Takeaways

  • The speaker’s expressed concern was manipulation risk; he did not provide a price outlook or trade setup.

PEP

  • The speaker said he held PEP but declined to chart it, citing his general reluctance to analyze meme coins because they could be manipulated.

Takeaways

  • No price target, timing, or trade recommendation was given. The speaker’s stated caution was about the possibility of manipulation.

Injective (INJ)

  • Injective was requested by a viewer, but the speaker did not provide an analysis or trading view in this segment.

Takeaways

  • The transcript does not support a directional investment conclusion for INJ.

Sonic (S)

  • Sonic was briefly noted as “pumping,” but the speaker did not provide a chart analysis or trading levels.

Takeaways

  • The transcript does not provide enough information to infer a broader view or actionable setup.

Crypto Market and Weekend Trading

  • The speaker’s broad view was long Bitcoin and generally short altcoins for the weekend, saying investors often move from altcoins into Bitcoin around major events.
  • He cited geopolitical uncertainty, possible war escalation, political developments, protests, thin liquidity, and weekend conditions as reasons for caution.
  • He stressed using an edge, small positions, stop losses, and short-term trades, and advised viewers not to trade if they could not identify a clear setup.
  • He warned that a political de-escalation could trigger short liquidations and a sharp market squeeze.

Takeaways

  • The discussion’s main theme was relative resilience in Bitcoin versus weakness in many altcoins, with substantial event-driven uncertainty.
  • The speaker’s strategies were mostly short-term trading ideas. His repeated emphasis was on limiting risk and being prepared for the possibility that his forecasts would be wrong.
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Video Description
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