When to Buy Bitcoin and Altcoins during Global Conflict
When to Buy Bitcoin and Altcoins during Global Conflict
320 days agoβ€’VirtualBaconβ€’@VirtualBacon
YouTube42 min 15 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights

Consider setting buy orders for Bitcoin (BTC) around the $95,000 level, as this is seen as a prime value range during the current market dip. Ethereum (ETH) is already at a good price to begin accumulating, with the $2,100 level identified as a fair entry point. For a higher-risk play, Solana (SOL) is considered a "buy now" opportunity at any price below $140. In the Gaming sector, SuperVerse (SUPER) is a strong buy within its $0.37 - $0.47 support zone. Lastly, exercise patience with XRP, waiting for a potential drop to the $1.74 - $1.80 range for a more favorable entry.

Detailed Analysis

Bitcoin (BTC)

  • The speaker believes the market is overreacting to geopolitical news, creating a buying opportunity for crypto. The stock market (S&P, Nasdaq) and oil prices are not showing signs of panic, suggesting that major investors ("big money") are not expecting a significant escalation.
  • Macro Trend: Bitcoin is considered to be in a bull market as long as it stays above its 50-week Simple Moving Average (SMA), a key long-term trend indicator. This level is currently at $85,000.
  • Short-Term Concern: On the daily chart, a potentially bearish "double top" pattern is forming. This pattern can signal a short-term price drop. The speaker is waiting to see if the price gets rejected at the "neckline" of this pattern before falling further.
  • Buying Target: The speaker is waiting for a dip to the 20-week SMA, which is around $94,700 - $95,000. This level is identified as a strong "value range" for buying.

Takeaways

  • For existing holders: The speaker advises not to sell your Bitcoin to try and time a 7% dip. The long-term trend remains strong.
  • For those with cash: A good opportunity to buy may be coming. Consider setting buy orders around the $95,000 level. This offers a good risk-to-reward ratio, with a clear stop-loss if the price were to break below the long-term support of $85,000.

Ethereum (ETH)

  • Ethereum has already dipped to the speaker's target of around $2,100, which is considered a fair price to start buying.
  • Key Metric: The ETH/BTC ratio is crucial. This chart shows how Ethereum is performing relative to Bitcoin. For Ethereum to remain bullish, this ratio needs to form a "higher low," meaning it must bounce back without dropping to its previous low point of 0.018. This would signal that Ethereum is still outpacing Bitcoin in the long run.

Takeaways

  • Ethereum is currently at a good price to begin accumulating or adding to your position.
  • You can start buying around the $2,100 level. The overall macro uptrend for Ethereum, which started two months ago, is still considered intact as long as its performance against Bitcoin remains strong.

Solana (SOL)

  • Solana is showing more weakness than Ethereum, having broken below a key support level of $140.
  • Key Metric: The SOL/BTC ratio is at a critical point. It is touching its previous low from April. The speaker states that Solana needs to bounce "literally right now" relative to Bitcoin to avoid entering a longer-term downtrend.
  • Value Range: Despite the weakness, the speaker believes Solana is in a cheap buying range. Any price below $140 is considered good value, with the $110 - $120 range being "very cheap."

Takeaways

  • This is a high-risk, high-reward situation. If you are bullish on Solana, the speaker suggests that now is the time to buy, as the price is in a key value zone.
  • If Solana fails to outperform Bitcoin from this point, it could signal significant further weakness. However, if it bounces, the potential upside is high.

XRP (XRP)

  • The speaker is waiting for a better entry price on XRP and believes patience will be rewarded.
  • Buying Target: The target entry price is around $1.74 - $1.80. This is based on a predicted 13% drop in the XRP/BTC ratio to a key technical level (0.382 Fibonacci retracement).
  • Long-Term Target: The speaker has a long-term price target of $5+ for XRP in this cycle.

Takeaways

  • Don't rush to buy XRP at the current price. It is likely to drop further against both the US dollar and Bitcoin.
  • Consider waiting for the $1.74 - $1.80 range to enter for a more favorable risk-to-reward setup, especially if you are targeting a multi-dollar price in the future.

Other Altcoins & Sector Insights

BitTensor (TAO)

  • Sector: Leading AI coin.
  • Analysis: The chart shows a strong long-term support level at $175. A good value range to start buying would be around $250, which is the "neckline" of a potential reversal pattern.
  • Takeaway: This is one to watch. If Bitcoin dips to $95k, TAO could fall to the $250 level, presenting a strong buying opportunity for those bullish on the AI narrative.

SuperVerse (SUPER)

  • Sector: Leading Gaming coin.
  • Analysis: The coin is already in its value range of $0.37 - $0.47. The $0.37 level has served as strong support for two years. Upcoming catalysts like the Black Hole DEX launch could drive interest.
  • Takeaway: This is a "buy now" opportunity according to the speaker. It's a good time to accumulate within the $0.37 - $0.47 range, with a clear stop-loss if the price breaks below $0.37.

Beam (BEAM)

  • Sector: Gaming.
  • Analysis: The speaker is personally down 60% on the BEAM token and notes it is in a persistent downtrend. However, the team is strong and has provided profitable farming opportunities (like Aether and Sofon).
  • Takeaway: Avoid buying the BEAM token for now. Instead, the speaker suggests following the project for early access to new projects and farming opportunities they launch, which have historically been profitable.

Aptos (APT)

  • Analysis: Aptos is considered "quite cheap" as it trades near the bottom of its long-term price channel. The team has a history of successfully capitalizing on new trends ("hype waves"), leading to 3.5x price jumps from these low levels. The next potential narrative is stablecoins, as Aptos was a top performer in a US state government test.
  • Takeaway: This is a good trading opportunity, not a long-term hold. Buying at the bottom of the channel offers a good risk-to-reward setup. The strategy is to buy near the lows and sell near the top of the channel.

SwissBorg (BORG)

  • Analysis: This token is tied to a revenue-generating exchange, so its performance is linked to overall market trading volume. It has been in a steady, two-year uptrending channel and is currently near the bottom of it. The last major low was $0.145, providing a clear level for risk management.
  • Takeaway: A good buy for those who want to bet on a rebound in market activity and trading volume. The current price offers a good entry point within its long-term uptrend.

Pepe (PEPE)

  • Sector: Leading MemeCoin.
  • Analysis: The price is at a critical support level around 0.9 (on the 1000PEPE chart), which is the neckline of a reversal pattern. The ultimate support for the 1.5-year uptrend is at 0.5.
  • Takeaway: Pepe is at a good level to start buying. The speaker suggests scaling into a position below 0.9 and aiming for an average entry price around 0.7 for an excellent risk-to-reward setup.
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Video Description
With the uncertainty this week surrounding the global conflict between the US and the Middle East, the markets are in a small correction. With Bitcoin falling under $100k and Ethereum back under $2300, I think there is a dip buying opportunity. This video will cover which projects I'm looking to buy, and which price targets I think they'll reach on this dip. ------------------------------------------------------------------ πŸ’Ž Join my VIP community "The Coiners" for Trade Alerts, Courses, and Mentorship πŸ‘‰ https://app.thecoiners.io βœ… Crypto.com: Best Beginner Crypto Platform πŸ‘‰ https://bacon.link/cryptocom βœ… Pionex: Automated Trading Bots πŸ‘‰ https://bacon.link/pionex βœ… Bitunix: $5,500 Bonus (no KYC) πŸ‘‰ https://bacon.link/bitunix βœ… ByBit: $30,000 Bonus (KYC Needed) πŸ‘‰ https://bacon.link/bybit βœ… NordVPN: The Best VPN for Crypto. Get a Dedicated IP for Exchanges. πŸ‘‰ https://bacon.link/nordVPN πŸ“’ Follow my Twitter for Quick Alpha πŸ‘‰ https://twitter.com/virtualbacon0x πŸ“’ Courses, Exchange Guides, and All Links πŸ‘‰ https://virtualbacon.com/ ------------------------------------------------------------------- Chapters 00:00 Introduction 01:01 US Iran Conflict Breakdown 07:09 Bitcoin Trade Update 12:49 Ethereum Trade Update 15:54 Solana Trade Update 19:14 XRP Trade Update 22:39 TAO 25:14 SUPER 27:55 BEAM 31:39 APTOS 35:45 BORG 38:39 PEPE ------------------------------------------------------------------- My Other Videos: My Latest Crypto Portfolio Update (March)πŸ‘‰https://youtube.com/live/5sWUW7CcMso 7 Years of Crypto Trading Knowledge in 50 Minutes πŸ‘‰ https://youtu.be/QKdbH4333wc Updated Bitcoin Exit Strategy (2025) πŸ‘‰ https://youtu.be/cVa6FQGyNig Best Crypto Portfolios for Small to Large Sizes πŸ‘‰https://youtu.be/U9oj5ULbDS8 ------------------------------------------------------------------- πŸ“œ Disclaimer πŸ“œ The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #solana #sol #bitcoin #crypto #altcoins #memecoins #cryptoinvesting #cryptotrading #personalfinance #money #investing #finance #cryptonews #virtualbacon
About VirtualBacon
VirtualBacon

VirtualBacon

By @VirtualBacon

I'm Dennis, a Crypto angel investor with 100+ startups in our portfolio. On this channel I share my views on market trends and ...