Bitcoin (BTC) is expected to break its previous all-time high of $123,231 very soon, with a weekly RSI breakout potentially triggering a 40-60% rally in a matter of weeks. Following BTC's lead, Ethereum (ETH) is positioned for a major move with a price target near $7,000. For specific altcoin trades, consider scaling into Fetch.ai (FET) now, as it is primed for expansion. In traditional stocks, a sustained move above $370 for Coinbase (COIN) would be a key bullish signal for the next leg up. Investors should watch for a Gold breakout in late August or early September as a potential signal to take profits before a market-wide pullback.

Bitcoin (BTC)

• The speaker is very bullish on Bitcoin, citing a technical pattern called the "power of three" which is now in its "expansion phase."
• Bitcoin is expected to hit a new all-time high very soon, possibly on the day of the podcast. The key level to beat is the previous high of $123,231.
• The reclamation of the $116,000 level was a critical bullish signal.
• A technical indicator, the Hash Ribbons buy indicator, has fired, suggesting that the recent dip was a buying opportunity.
• The most significant catalyst would be the weekly Relative Strength Index (RSI) breaking out of its long-term downtrend. The speaker believes this is likely and would cause Bitcoin to "slingshot" with a 40-60% move in a matter of weeks.
• Cycle analysis suggests Bitcoin is on day 1,006 of its cycle, nearing a phase of vertical price acceleration that typically begins around day 1,020.
• Risk Factor: The speaker notes that a future test of the current uptrend line (the fourth attempt) will likely break. This could align with a Gold breakout in late August/early September, signaling a time to take profits before a market-wide pullback.

Takeaways

• The short-term sentiment is highly bullish, with an expectation of a new all-time high above $123,231.
• A breakout of the weekly RSI is the key signal to watch for a major, multi-week rally.
• Investors should consider taking some profits if Bitcoin rallies hard into late August/early September, as technicals suggest a pullback may occur around that time.

Ethereum (ETH)

• The speaker is bullish on Ethereum, noting it is back above its yearly open price.
• A price target of just below $7,000 is mentioned, based on a measured move from a major pattern breakout.
• The recent dip was described as one of the "final, final opportunities to gain safer entries" before a major move.
• A potential pullback to the $4,000 level could occur in September after an initial rally, which would be a retest of the breakout area.

Takeaways

• Ethereum is considered one of the leaders for the next phase of the rally, with a potential target near $7,000.
• For those looking to enter, the speaker suggests a grid bot strategy with a buy zone between $3,480 and $4,200, and a sell zone up to $6,900.
• Be prepared for a potential pullback in September, which could offer another buying opportunity or a signal to have taken profits beforehand.

Crypto-Related Stocks

Coinbase (COIN)

• The speaker is bullish, expecting the stock to move higher as the crypto market rallies.
• An entry was suggested around the $293 region.
• The key level to watch is $370. A break and hold above this price could lead to significant continuation higher.
• The long-term targets are based on a large cup and handle formation on the weekly chart.

Takeaways

• Coinbase is seen as a good way to get exposure to the crypto rally in the traditional stock market.
• A decisive move above $370 is the primary bullish confirmation signal for the next leg up.

MicroStrategy (MSTR)

• The stock is expected to bounce with Bitcoin but is noticeably lagging behind Bitcoin's performance.
• Previously, MSTR was a "higher beta play," meaning it would outperform Bitcoin on up-moves. This is no longer the case.
• The speaker suggests this lag makes MSTR a riskier play than simply holding Bitcoin.
• A potential upside target is mentioned at $735.

Takeaways

• The speaker advises caution, suggesting that late in the cycle, it might be better to diversify out of MSTR and into Bitcoin to reduce risk.
• While it could still rally to $735, it is no longer the superior proxy for Bitcoin that it once was.

Robinhood (HOOD)

• The trade is in profit and approaching its final take-profit target of $123, which is based on a cup and handle formation.

Takeaways

• The speaker plans to be completely out of the trade once the price hits $123. This is a signal for current holders to consider taking profits.

Other Stocks & Traditional Assets

NVIDIA (NVDA)

• The stock is described as "still looking strong."
• The speaker is looking to take profits as it pushes higher.

Takeaways

• A take-profit level is suggested in the $190 - $195 range.
• A final take-profit target is mentioned at $212.

Tesla (TSLA)

• The trade is currently in profit.
• The speaker advises traders to "eliminate the risk as soon as possible."

Takeaways

• For those in the trade, it is recommended to move the stop loss to just below Friday's low to protect profits.

Gold

• Gold is consolidating in a symmetrical triangle pattern, with a breakout expected towards the end of August or beginning of September.
• A breakout in Gold is often a "risk-off" signal, which could cause a temporary pullback or "local top" in the crypto markets.

Takeaways

• Watch for a Gold breakout in late August/early September. If it happens, it could be a signal to take some profits on crypto positions ahead of a potential dip.

Altcoin Insights

General Altcoin Market (TOTAL3)

• The altcoin market is expected to follow Bitcoin's lead, with money flowing from Bitcoin to ETH, then to large-cap altcoins, and finally to the rest of the market.
• The speaker warns not to underestimate how quickly this rotation can happen.
• The chart for altcoins (excluding BTC and ETH) shows a potential 100% measured move to the upside.

Takeaways

• A major Bitcoin rally will likely "erupt the entire altcoin sector."
• The primary focus for now should be on Layer 1 (L1) majors, as they are typically next in the capital rotation after ETH.

Fetch.ai (FET)

• The speaker is actively scaling into a position in FET.
• The setup involves buying near trendline support with the expectation of an expansion phase starting soon.

Takeaways

• FET is presented as a trade that can be opened "right now." The strategy is to scale into the position near the lower part of its recent range.

Pepe (PEPE) & Bonk (BONK)

• These are described as the "blue chips" of meme coins.
• Both are testing key 50% retracement levels and are considered good candidates for new grid bot trades.

Takeaways

• For those wanting meme coin exposure, PEPE and BONK are highlighted as the top choices to consider for new positions.

Solana (SOL)

• Solana is noted as "lagging, lagging, lagging" the market leaders.
• However, if it breaks out of its horizontal range, a measured move target is identified at $429.

Takeaways

• SOL is still a valid opportunity. A breakout above its current range would be the signal for a significant move towards the $429 target.

Other Altcoins of Interest

• Sei (SAE): Consolidating near resistance, increasing the probability of a breakout. A trade could be taken with a stop loss around $0.25 and targets of $0.62 and $1.05.
• Sui (SUI): Still looks good, with an expectation of expansion in the next few weeks. An upper-end target of $8 is mentioned, with a partial take-profit level at $5.27.
• Cardano (ADA): Facing major resistance, but a breakout on the "fourth attempt" could lead to an "easy trade" up to $1.24 and potentially $1.95. It's on the "maybe list."
• XRP: The speaker believes it's "not too late to scale into this particular trade," with take-profit targets at $3.67, $4.50, and $6.30.

Investment Strategy & Tools

Trading Bots (Pionex)

• The speaker strongly advocates for using trading bots for a portion of one's portfolio to remove emotion and ensure you don't miss key market moves.
• Grid bots are highlighted as particularly useful because markets range 70% of the time. The strategy is to set bots to buy in "discount zones" (range lows) and sell in "premium zones" (range highs).
• The speaker plans to create new copy-trading portfolios on Pionex with $1,000 and $5,000 starting capital for viewers to follow.

Late Cycle Strategy

• The speaker emphasizes that we are in the "late phases of the cycle."
• The recommended strategy is to become more concentrated in fewer, high-conviction positions (like "blue chip" crypto assets) rather than spreading capital across 40-50 different coins.
• This allows for better risk management and the ability to exit positions quickly if the market turns.