BTC to $80K or $100K First THIS WEEK?! BTC, XRP, Chill Guy, SHIB, PEPE TA

12/2/24 •

Summaries by topic

• English

The speaker analyzes Bitcoin's price action, suggesting a potential upward trend towards $100,000 this week, driven by institutional buying and the expiry of options. Several altcoins, including XRP, Chill Guy, and Helium, are showing strength and potential trading opportunities, while the speaker also discusses Solana, SHIB, and Pepe.

Bitcoin Price Prediction

• 00:00:05 The speaker anticipates Bitcoin potentially reaching $100,000 this week, based on higher lows on the 4-hour chart and increased institutional buying. He believes a scenario where Bitcoin drops to $80,000 is unlikely, with $86,000 being the lowest potential drop. The speaker suggests waiting for Bitcoin to break above $97,000 and retest that level before taking any long positions.

Solana Analysis

• 00:04:15 Solana's price action is considered less strong compared to Bitcoin, with a potential make-or-break level at $233. A break below this level could lead to a drop to the $210-$218 range. The speaker suggests waiting for Bitcoin's performance before making major Solana trades, but if the current level holds, a retest of the all-time high is possible.

XRP Trading Opportunity

• 00:05:28 XRP is showing significant strength and has experienced a considerable run recently, with a consolidation phase following the surge. The speaker suggests a long trade around the current price of $0.19, with stops below the wick at $0.18 and targeting new highs. However, if the low is lost, the price could drop back to the order block around $0.147, highlighting the risk of a potential pullback.

Chill Guy Coin Analysis

• 00:07:03 Chill Guy, a new meme coin, has shown significant volatility, with a level of resistance and support at $0.47-$0.48. The speaker advises waiting for a reclaim of this level before entering a long position. A potential long trade could target all-time highs, with a stop loss below $0.14, but this involves a substantial risk (12%).

Helium & Other Altcoins

• 00:08:14 Helium, another strong performer, is showing a major run and potential to continue upwards. The speaker suggests waiting for a consolidation phase before taking a long position, ideally after seeing a couple of 4-hour candles form. Other altcoins like SHIB and Pepe are discussed, indicating a trend of older meme coins making a comeback. The speaker recommends waiting for breakouts and consolidations before entering long positions.