Best Altcoins To Accumulate For Imminent Q1 Pump! (SOON!)
Crypto Banter
Market Analysis and Predictions
The current market is experiencing a "blood fest" with Bitcoin facing significant support at the $90,000 zone. However, the market is getting oversold, which could lead to a rally or a shakeout. The speaker believes this is a shakeout event that will catch many off guard and eventually lead to a strong bounce in altcoins.
Key Points
- Bitcoin Support: Bitcoin is approaching a critical support level around $90,000. Losing this support could lead to further downturns, but there are additional support levels at $87, $85, and $80,000.
- Altcoins: Altcoins have been bullied for three weeks and are due for a bounce. The speaker predicts a strong rebound once Bitcoin starts to climb again.
- Bitcoin Dominance: Bitcoin dominance is slowing down and could either lead to a strong Bitcoin pump or indicate a coming altcoin season as dominance decreases.
Specific Coin Mentions
- Thorchain: Considered a special with a risk-reward ratio of 1 to 5. The speaker has bought more Thorchain and predicts strong buy zones incoming.
- Gaming and Beam: Beam is seen as a top gaming token with a good risk-reward ratio.
- Theta: Offers a whale entry with a significant risk-reward ratio, indicating potential for substantial gains.
- Injective: Has a risk-reward ratio of 1.4 to 1.5, making it an attractive buy.
- AVAX: Seen as an incredible special on high timeframes.
- GRT: Offers a risk-reward ratio of 1 to 8, making it a favorable long-term investment.
- Ethereum (ETH): Despite pullbacks, the speaker remains bullish, predicting ETH could go to $7,000 to $10,000.
- Solana (SOL): Expected to go to $400 after a potential shakeout.
- NEAR Protocol: Has a risk-reward ratio of 1 to 24.
- Aptos: Considered undervalued with a good risk-reward ratio.
- RWeb: Expected to go to all-time highs, considered cheap and a gem.
- Cotee and Superfarm: Also mentioned as having good risk-reward ratios and potential for growth.
- Dogecoin (DOGE): If it comes down to $0.28 or $0.27, it could enter a good risk-reward zone, especially with Elon Musk's involvement.
Advice
The speaker advises against getting shaken out by the current market conditions and instead focuses on preparing for the next pump by:
- Selling a small portion of spot bags to build new positions.
- Swapping "junk" tokens for quality ones at cheap prices.
- Setting selling targets for the next pump to avoid missing out on profits.
Conclusion
The market is expected to experience a shakeout, but this could be a precursor to a significant bounce in both Bitcoin and altcoins. The speaker emphasizes the importance of preparing for this eventuality by making informed investment decisions and not letting fear dictate actions.