TOP Altcoins Picks For This Incoming Bounce! [Pullback Ends SOON]

Crypto Banter

Market Analysis and Predictions

The speaker discusses the current state of the cryptocurrency market, particularly focusing on Bitcoin and altcoins. They mention a potential Bitcoin reserve being considered by the U.S. government, which could be a positive development for the industry.

Current Market Situation

  • The market experienced a significant liquidation event, leading to a pullback.
  • The speaker believes this pullback is a "shakeout" to trap buyers and expects a V-shaped recovery.
  • They note that the first bounce after the initial drop was fake, and the current pullback is setting up for a real bounce.

Key Levels and Predictions

  • Bitcoin: Expected to bounce from the $95,000 to $96,000 zone. A break above $103,000 could lead to a quick move to $108,000.
  • Altcoins: Held stronger than Bitcoin during the pullback. The speaker expects altcoins to move once Bitcoin starts to squeeze up.
  • Trend Lines: Important for identifying when altcoins are ready to move. Breaking these trend lines could lead to a 20% to 30% short squeeze over a couple of days.

Coins to Watch

  • ETH: Has a significant trend line that, if broken, could lead to a substantial move.
  • Solana (SOL): In a good spot to buy, with potential targets at $200 and $190.
  • Chainlink (LINK): Close to a breakout.
  • Doge: Expected to pump back to 32 cents if it breaks its current trend line.

Advice

  • The speaker advises traders to be prepared for a major move and to consider buying on the current entries, especially for altcoins.
  • Leverage traders should wait for the trend to break before entering positions.