Bitcoin's Final Bounce Signal: I'm Waiting For One Thing
Bitcoin's Final Bounce Signal: I'm Waiting For One Thing
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Consider scaling into BTC near $72,000–$69,500 only if support holds; a confirmed bounce could target $80,000, while a break below support raises downside risk into the $60,000s.
  • For ETH, the host is accumulating around current levels, with $1,800 as a possible lower entry if the market weakens; avoid leverage unless you understand the added risk.
  • NEAR is an accumulation candidate at $3.30–$3.60, contingent on support holding and a four-hour trend-line breakout; the suggested 50%–100% upside is speculative.
  • ZEC has stated accumulation areas at $950 and $815, while SOL may offer a lower entry near $75; neither setup includes a defined recovery target.
Detailed Analysis

Bitcoin (BTC)

  • The host said Bitcoin had tagged its 200-day moving average and identified support around $72,000, $71,000, and the $69,500 0.618 Fibonacci level.
  • The host was watching for a possible capitulation event: either a quick drop toward $69,000 followed by a sharp recovery, or a move through $75,000–$76,000 followed by a squeeze higher.
  • If support holds, the host expected a potential bounce toward $80,000. They described a possible attempt at new highs in early to late November. If Bitcoin moved below the discussed support area, they said they would shift to a “60,000s” outlook.
  • The host said a strong bounce could be preceded by a fake bounce, followed by a higher low or double bottom.

Takeaways

  • The host’s outlook was bullish near the identified support zones, but their analysis also included a downside scenario into the $60,000s.
  • The host’s stated trigger was a capitulation-style move with a volume spike, or a break of the short-term downtrend. They cautioned against FOMO on the first rally because it could be a fake bounce.

Ethereum (ETH)

  • The host said ETH was at the 0.618 Fibonacci level, which they viewed as a major zone.
  • They identified $1,800, the 0.786 Fibonacci level, as a lower area of interest if Bitcoin fell toward the mid-$60,000s.
  • The host said they were building margin and bot positions in ETH around the current area.

Takeaways

  • The host viewed the current level as an accumulation zone, with $1,800 as a possible lower entry area if the market weakened further.
  • Their approach included margin positions, so the transcript’s thesis involves leverage-related exposure rather than spot purchases alone.

Altcoins / Total3

  • The host described the broader altcoin market as being in a deep pullback after an initial breakout and higher high. They said the broader plan remained to “load up for the bull market,” while acknowledging that pullbacks can reach major support zones.
  • They pointed to the 0.786 Fibonacci zone, horizontal support, and a trend line as key areas for altcoins.
  • The host said they were accumulating altcoins, launching bots and spot trades, and also using some 2x leverage. They mentioned placing stops roughly 5%–10% away.
  • The host expected a possible sharp reversal after seven consecutive weekly red candles, while noting that the market could still see one more flush. They suggested watching for an upward move over the next 10–12 days.
  • They described the first bounce as potentially a fake bounce, with a higher low or double bottom possibly forming afterward.

Takeaways

  • The host’s broad stance was bullish on altcoins at the cited support zones, but the timing and bottom were uncertain.
  • The host’s own plan involved scaling into positions and using stops; they also explicitly warned more conservative investors that waiting through the first bounce was an option.

USDT Dominance (Market Indicator)

  • The host said USDT dominance had reached a major trend-line resistance area, with the 200-day moving average just above it.
  • They expected a temporary move down in USDT dominance, which they associated with a near-term bounce in the broader crypto market. The host also referred to “new lows” afterward, but the specific chart or level meant by that phrase was unclear in the transcript.

Takeaways

  • The host treated USDT dominance as a market-timing signal, not as an investment asset. Their interpretation was that resistance in USDT dominance could support a short-term crypto-market bounce.

Zcash (ZEC)

  • The host identified $950 as the 0.618 Fibonacci level and $815 as another accumulation zone.
  • They said they were accumulating Zcash at those levels.

Takeaways

  • The host’s stated areas of interest were $950 and $815; the transcript did not provide a price target or timeline for a recovery.

NEAR Protocol (NEAR)

  • The host said NEAR was at a support trend line and identified $3.30–$3.60 as an accumulation zone.
  • They said a break of a trend line on the four-hour chart could mark a breakout and described a potential 50%–100% move after the lows were established.

Takeaways

  • The host’s bullish case depended on NEAR holding the cited support area and breaking the trend line. The 50%–100% move was presented as a possibility, not a guaranteed outcome.

Chainlink (LINK)

  • The host said Chainlink was at the 0.618 Fibonacci level and its 200-day moving average.
  • No specific price level, target, or trade was provided.

Takeaways

  • The host highlighted LINK’s technical support area but did not give a specific entry, target, or timeline.

Solana (SOL)

  • The host called Solana “very cheap” and said it was near a support trend line and the 0.618 Fibonacci level.
  • They identified $75 as a potentially better entry if the price fell further, while noting that this level was not guaranteed to be reached.

Takeaways

  • The host’s view was bullish at current support, with $75 as a possible lower entry area rather than a confirmed target.

Render (RENDER) and Injective (INJ)

  • The host said Render and Injective were “in play” and planned to provide further updates.
  • No specific price levels, targets, timelines, or trade details were given.

Takeaways

  • The transcript identifies these as altcoins the host is watching, but provides too little detail to assess a specific setup.

WeX (Trading-Platform Promotion)

  • The host promoted a WeX trading-volume campaign offering entries for prizes based on trading volume, and encouraged viewers to use the host’s link.
  • This was a platform promotion, not an investment thesis about WeX or a market signal.

Takeaways

  • The promotion rewards trading activity; it does not establish that trading more is a suitable investment strategy.
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Video Description
Altcoins have reached the 0.786 Fibonacci level on the weekly chart, while Bitcoin is sitting right on its 200-day moving average. In today's video, Sheldon breaks down why these two key levels could set up the next crypto bounce and reveals the final signal he is waiting for before making a move. He explains what a confirmation candle like a pin bar would mean for the market and how he plans to position if it appears. Is a bounce incoming? ______________________ 𝗧𝗥𝗔𝗗𝗘 𝗪𝗛𝗘𝗥𝗘 𝗦𝗛𝗘𝗟𝗗𝗢𝗡 𝗧𝗥𝗔𝗗𝗘𝗦! ⬇⬇⬇⬇⬇⬇ 🟨 𝗪𝗘𝗘𝗫 - 𝗦𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗙𝗲𝘀𝘁: 𝗪𝗶𝗻 𝗘𝘃𝗲𝗿𝘆 𝗧𝗶𝗺𝗲!! 🎁 Every egg wins! Get a chance to win an iPhone 18 Pro Max 🥚 API Futures Trading is also eligible for the Lucky Egg Event 👉 Register Now: https://www.weex.com/events/draw/lucky-eggs?qrType=activity&vipCode=cucy 📅 Event Period: Nov 4–25 ______________________ 🎯 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/ 🎁 𝗦𝗣𝗜𝗡 𝗧𝗢 𝗪𝗜𝗡 - 𝟭 𝗼𝗳 𝟮𝟬 𝗶𝗣𝗵𝗼𝗻𝗲 𝗗𝘂𝗼𝘀 + 𝗥𝗲𝘄𝗮𝗿𝗱 𝗨𝗽 𝘁𝗼 $𝟭,𝟬𝟬𝟬! 👉 Join here: https://rewards.cryptobanter.com/r/sheldon ______________________ 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 ______________________ 👁️‍🗨️ 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 #Fibonacci #200DayMA ⏱ 𝗧𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀: 00:00 Is Bitcoin's Final Bounce Coming? Sheldon's Phase B Bull Market Plan 03:39 Can Bitcoin (BTC) Hold the 200-Day MA and $69,500 0.618 Fib Support? 04:43 Why $78,000 Liquidity Points to a Bitcoin (BTC) Bounce to $80,000 05:55 Bitcoin (BTC) Capitulation Scenarios; $69,000 Flush or $75,000 Squeeze 06:53 Why Altcoins at the 0.786 Fib Are Prime Accumulation Zones 08:11 Will Altcoins See One Last Flush Before a Trend Line Breakout? 09:24 Why Tether Dominance (USDT.D) Is the Final Bounce Signal for Crypto 11:23 Ethereum (ETH) Accumulation Zones at the 0.618 Fib and $1,800 🎬 𝗪𝗮𝘁𝗰𝗵 𝗦𝗵𝗲𝗹𝗱𝗼𝗻'𝘀 𝗙𝗥𝗘𝗘 𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗟𝗲𝘀𝘀𝗼𝗻𝘀: https://www.youtube.com/watch?v=YGBLIYXXoOA&list=PLmOv2_vzOoGcTirwpJoyhGrYRnv1CRyIa 🎬𝗠𝗼𝗿𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 🎞️𝗦𝘁𝗿𝗼𝗻𝗴 𝗔𝗹𝘁𝗰𝗼𝗶𝗻 𝗕𝗼𝘂𝗻𝗰𝗲 𝗜𝘀 𝗖𝗼𝗺𝗶𝗻𝗴 𝗪𝗮𝘁𝗰𝗵 𝗧𝗵𝗶𝘀: https://youtu.be/vGKh9QolZ5E 🎞️𝗜𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗦𝗲𝘁𝘁𝗶𝗻𝗴 𝗮 𝗕𝗲𝗮𝗿 𝗧𝗿𝗮𝗽 𝗕𝗲𝗳𝗼𝗿𝗲 𝗣𝘂𝗺𝗽: https://youtu.be/0lHHVfJKMK4 🎞️𝗠𝘆 𝟰 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗧𝗼 𝗣𝗿𝗼𝗳𝗶𝘁 𝗜𝗻 𝗧𝗵𝗲 𝗕𝘂𝗹𝗹 𝗥𝘂𝗻: https://youtu.be/lEkj4M7XV8M 🎞️𝗧𝗵𝗲 𝗢𝗻𝗲 𝗦𝗶𝗴𝗻𝗮𝗹 𝗧𝗵𝗮𝘁 𝗖𝗼𝗻𝗳𝗶𝗿𝗺𝘀 𝗧𝗵𝗲 𝗠𝗶𝗱𝘁𝗲𝗿𝗺𝘀 𝗕𝗼𝘂𝗻𝗰𝗲: https://youtu.be/wZgo50uIsqE
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