I’m Bullish On Altcoins Heading Into FOMC (Fast Move Incoming) Transcript, AI Summary & Key Points

00:00 MC day guys. Are we ready for volatility? We ready for the market to uh to make a big move, big show today. I'm going through the two major scenarios. As it stands right now, the trap is starting to play out. Question is, what is FOMC going to bring us? Right. So, as you see over here, we spoke around just popping our head through, turning many people bearish in the market and then trapping them out.

00:20 We did see this a few weeks back when the market actually went into a strong move to the upside, right? So the question is are we seeing a trap yet again? Now we see a bitcoin at 81,000 and there is a squeeze there's a squeeze from 82,000 up to 85 86,000 right so there's two big scenarios I want to speak around now I am bullish on alcoins going into FOMC and at the same time even after FOMC right which means that there are the two scenarios of the FOMC possibly dumping the market first a little bit later on right we're

00:52 going to go through the expectation of the numbers and we'll be seeing okay and then actually rallying back to the upside the coin Okay, I'm seeing a dominance turn, right? The dominance tends to turn a lot in FOMC events and dominance is sitting right at resistance with overbought RSIs. Okay, and then we have the scenario where the market just explodes from here, right?

01:11 So again, I've been preparing scenarios and portfolios, right? Today is very much us focusing on positions that I'm taking in the market. All the positions I've been giving since Monday are now starting turning nice and green. Okay, and the question is now, am I buying anything more and what am I preparing for? So guys, big show today. Let's prepare for a big event.

01:29 It's time for some volatility in the market. Let's go. >> I try and fight the devils, but inside I'm just like sniper. >> Are you in any positions? Okay, so I'm going to update. I'm in a Render long. I'm in a Avac long. I'm in a Suie long. And I'm in a Salana long. I'm only in right now around 40% 35% of one of my trading portfolios. Okay. And the question is I'm going to add now before FOMC, right?

02:04 We'll kind of be patient and wait to see what comes and brings. Um but when it comes to where we are right now, we're waiting to see this scenario come into play, which is the trap scenario, right? So for me, as it stands, we did pop our head through, right? This is a perfect time to trap the market. We had some liquidity sitting low down over there.

02:21 Okay? And we still have some liquidity sitting up here at 82 to 83,000. Okay? But then the market's getting to a point where there ain't much liquidity in the market. Which means for me a real move is coming. When there's no liquidity, the market ain't jumping to go where it's going to make money. Now it has to make a real move. When a real move comes, then that's when liquidity starts to build again because either we are bearish or bullish and it starts to get people to start placing bets.

02:45 We are getting to that point where bearish is starting to creep up again, but there's also a lot of uncertainty. No one's really sure, right? And that's why for me a move is there to now come out of nowhere. So when it comes to the trap scenario that we're seeing over here, right, we do have this uh these previous lows we have here and we've now shaken them out.

03:04 Anyone that long these previous zones had to put stop losses here, right? And that's why we can see the market went down and caught that liquidity. Now we are popping back in there, right? Which means we are sitting with two major levels. So I'm going to go through these levels now with Bitcoin, okay? And show you guys uh the key areas of what I'm seeing.

03:19 So the first area and why this market is dead bang in resistance right now is this scenario over here right so this does indicate to me okay that we could see a rejection in the zone okay the question is are we going to see the rejection before FOMC and and have a pre-dump right or are we actually going to maybe have a rejection you know after FOMC that all comes down to where price is sitting by the time we start moving into those those areas right so as it stands with Bitcoin two big resistances we're sitting at is

03:49 now over here at 82,000. Okay. And the next one we're sitting with is the area of the 84 to 85,000. Right. Anything above I would even say anything above 84,000 is pretty bullish, right? Is bullish for a new push to the higher areas over here which is up to the 807 to 88,000. Okay. Now, one thing that's important is if we look at this on the short time frame, I want us to zoom out for a second and still pay attention to the weekly candle that was formed last week.

04:15 This candle for me, guys, does indicate that we should see this go up to where this wick was. Okay, so I still have this view that by the end of the week, I'm pretty bullish and I think the market's going to be pushing to the upside, right? I think we're going to have a strong push up in Bitcoin and I think we're going to have a strong push up within altcoins, right?

04:34 Alcoins may be a little bit less, which gives me an indication that dominance might be strengthening up. Okay, but I see alcoins being up over here and I see Bitcoin being up over here, right? unless we lose the major supports which I'll go through now shortly. Okay. But as it stands, I'm placing my bets right now that the market actually ends up with a stronger uh uh to the upside actually close to the 85 86,000.

04:55 Okay. Rather than the lower areas, okay, so as it stands now, jumping back to the Bitcoin chart here, this is what we what I'm basically seeing, right? I'm seeing this channel and I actually want to clear up a new one over here. We do have the loss of this trend. We are in resistance right now. Okay, let's just make this nice and thin. Okay. Then what we have is we have these major supports sitting down over here.

05:16 Okay. Now this zone where we've been bouncing, right, is the major 618 zone, right? So it is a very key Fibonacci zone. Okay. And if we look at this major trend over here, it's still highlighting to me, okay, that even if we see something like this come into play, right, we're still possibly looking at something like that after that, right? So as it stands right now, this for me is still a major bullish area.

05:39 anything that changes that for me, right? Is Bitcoin starting to get back into the the the late 78 type of area? Then I start saying, hey, okay, we do have a support at 7473 that's now becoming an option. But for now, as it stands, I'm pretty bullish on these major areas. Okay, which means that I'm still on a scenario like this is what I'm looking to add more and build more of my positions.

06:01 Okay, or I'm going to allow it to blow up, push, and there will be a second point of where I'm looking to enter the market. Now, when it comes to the numbers, we're not looking at much of a change, right? It's still not great, okay? But 4%, right? 4% is basically the forecast, okay? Which means, yes, very likely, hey, you know, this comes out, we're going to see two scenarios, right?

06:21 But this comes out, we we probably see a fast little dump, okay? And that's with us pre-pumping the market. If we pre-dump the market, I actually see that news giving us a little pump up, but I don't see it being anything majorly different. Now obviously a lower percentage market will explode out of nowhere. Okay, which is quite interesting because if we look at the the dollar chart, right, the dollar chart is an important one I'm paying attention to which is looking really bullish.

06:46 Okay, but I do want to show you guys this. Okay, there is a scenario here on the dollar that we actually see a really hard drop soon. Right? So if we look at the dollar here, there is still a little bit of resistance above which means that this is very much likely in the zone here is a rejection zone. And not only that, I can see the dollar actually moving from here all the way down here.

07:06 It's actually a real hard rejection. Okay, so that gives me an indication that we might actually, you know, will it come through tonight or will it come through within the rest of the week, we might actually see a a strong push within the market, right, to the upside, a very strong bounce. Okay, what we don't want to see, right, for well, depends if you're a bear or not, right, is anything above there, then markets get really bearish.

07:27 So, as it stands, if I was a person that was trading, okay, and I'm looking at this token, I'm looking for a short, right? There's no no chance I'm looking for a long here right now. If I'm a trader and someone that taking bets and plays in the market, this for me is a bearish scenario that I'm seeing in play here, right? When it comes to the rest of the market, I'm pretty bullish on gold.

07:43 I actually think gold's going to have a rip up of up to 10% soon. You know, this scenario, we hold this uh this uh late 3,900 area, and I'm looking for a push up to gold to these areas over here, right? So, I'm still pretty bullish when it comes to the rest of the markets, looking at catalyst that could play play events or or or things to to the current plan.

08:05 Okay, which gets me to these these scenario points over here. So, here's the way I see FOMC going. We are sitting with this area over here as resistance. Okay. So if the market decides to hang around here and chill, I'm very likely seeing a drop after FOMC to here and then I'm seeing up. Okay, which means that for as it stands right now for us sitting below these areas, I am sitting with some more limit orders to fill up positions down here.

08:34 Right, that's the first play. Okay, the second play is the pre-dump. If we start coming down over here before FOMC, I might be taking one or two bets in the market here. Not a crazy amount. Okay. But definitely taking positions up over here. Okay. The third scenario is if we are through here, we r up to 85 before FOMC as an example. Then we dip off, then we get moving.

08:56 That's also a possible play. But right now, the first two plays are the ones where I'm paying attention to. But both of them I still have reason right now to to think bullish and think by the end of the week we're actually sitting in a bullish uh area. Then when it comes to the the total three, this is what the total three is looking like. Remember the Turtle 3 is sitting right at the resistance I've been waiting for.

09:14 Okay, so Turtle 3 is literally on that trend. Still many reasons for me to be bullish on alts right now. But at the same time, I do know that there is a zone over here. We might want to retest. FOMC could bring that retest. Right? So if we do see that little shakeout, that's why I'm loading up more positions for another push to the upside. Right? If we don't, what we have here is we have this trend line here.

09:35 And this is what I want to see us really break through if the market's going to be bullish from here. Right? So as it stands again that little shakeout's very very um very much in play. Okay. But either from here up here by the end of the week okay or we actually start smashing through here today and we start moving up. That's why I am in some positions in the market.

09:57 Okay. And any areas of where I do come to the top of this box I will be adding more to my positions and building more. Right. So when it comes to the positions that I am in one that I'm accumulating that's still actually in buy zones is Render. Right. Rend is still just hugging these trends over here, hugging the 618s, right? So, this is one that I'm still in and one that I'm still building.

10:16 Okay, there's a render position. I obviously spoke about AVAC. Avac is sitting up a little bit higher, right? So, my AVAC positions, if I'm buying more, I'm looking to buy more closer to the the 8.7 8.8 range. Okay, the other one is SUI that I'm in that's actually popping really nicely. But you can see my two buys are sitting at 90 cents and 92 cents, right?

10:34 Uh the other position that I am in uh Salana right soul okay sold positions is if we have a shakeout today your soul positions are here between the 99 and 101 right so those are the positions where I'm building I'm in right now I do have stop losses sitting under these major ranges but now what I want to do is I want to obviously pop through a couple of more tokens and charts for you guys keep eye out on a breakout of XRP today if XRP starts popping its head through here okay and you can wait for MFMC or you can if

11:06 pre-doing it, right? This for me could be a big breakout. Okay, I would like to see a daily close outside as a confirmation. Okay, but this starts popping its head out and breaking out. We might see a nice rally back up to the 1.6 1.7. I think a XRP rally is slowly building up. And for me, on the high time frames, the XRP rally from here is getting ready to pop up to two to $2.2.

11:27 Right. So, this is one to keep your eyes on today for a nice possible uh uh breakout. The other one that I want to speak around over here, where is it? Okay, but I do want to speak around comp. Right. The other one is comp. Comp is in my zones that I bought some spot, right? So comp is one to pay attention to. Big volume spikes last week. Okay. And for me, the monthly is still looking really good, right?

11:50 Monthly and weekly, right? So I want to show you this weekly candle. Look at that weekly candle, guys. Look at that wick, right? So for me, we could easily start at any point over the week, two weeks, three weeks, start rallying back up to those. That's a 40% move, right? So comp is one that I'm I'm I'm building, giving it a little bit of space, but one that I'm thinking is really good.

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12:58 Okay. Yes, it's about to be integrated over there. So, here it is over here. There's also a great getaway at the moment and competition for anyone that's got a WEX account. So, there we go. Okay. Then, when it comes to the rest over here, let's fly. One that I'm keeping eyes out for a breakout is Aweave, right? So, keep eyes on this long trend down on Arweave.

13:17 If we start breaking through here in the next day or two, big breakout I'm paying attention to, right? So, Aweave is one that I'm I'm keeping my eyes on. I'm still waiting for Injective. And I think a rejection today can bring Injective to the low $7. This is one that I'm going to accumulate at those zones. Right, Injective, I'm getting ready on a high time frame for a move up right anywhere between $13 and $15.

13:39 Guys, I do see a speed up coming at any point. We just have to get through the little hurdle now which might accelerate things. Okay. And as I said previously, if I look at this uh Bitcoin dominance, right, this thing should be turning bearish pretty soon. And not only that, on the high time frame, we should actually be coming down quite a bit over the next couple of weeks, right?

13:58 So, this could be the moment we've been waiting for for the altcoins to get out of the zone and actually start moving and making new highs, right? This could be a event that that comes into play um when that happens. Okay, now I'm going to jump on over here. Okay, as I said, I'm not adding any more positions right now to my positions unless we go back down to the bottoms, then I'm buying more.

14:21 Otherwise, I'm going to wait for the market to pop and start to rally up. So, now I ask you, what tokens would you like me to chart for you guys? Let me know in the comments, what tokens would you like me to chart? DRV. Again, these are guys, your guys tokens. I could do research. Okay, let's just load up. Yes, let me just get this to load up here for a sec.

15:03 Okay, the DRV is not loading, but I can load it up over here on trading view. Okay, so this one so much here. Oh, here we go. Okay, here on gates. This is this might be a smaller market cap. Okay, this thing's had a it's had an eventful uh couple of weeks. Looking really good. It is slowing down, which is amazing. Uh and I tend to do like these type of uh charts, right?

15:37 So, keep out for a breakout over there. That's basically the way I'd be playing it. Tracking it, seeing where it's at, right? Your supports are obviously sitting down. There's a couple of supports. You have the main 618 you're sitting on now. So, it does give it reason on why it could be bouncing now. Okay. And then we do have the next areas down over here at 27 cents.

15:52 Right. So, the trend line will be a little of the of the something that I would wait for confirmation of a nice little uh uh break. Okay, SNX. Let's jump in here. SNX. Okay, this thing is just accumulating. Wow. Long-term accumulation here. Jeez, this thing is uh accumulating down here at the bottoms here. Okay, so something like this. I'm not really catching a falling knife.

16:30 Um it is accumulating. There's no doubt about it, which means at some point if it decides to wake up, right? It's probably going to do something like this. It's just going to do a crazy move out of nowhere. Okay, so for now, you know, it's basically accumulate good levels. You see, obviously here's the range lows. U it does have a bullish weekly candle, so this thing might push up to 25 uh cents.

16:51 But what we do want to see over the next couple of weeks is a breakout, right? We'd like to see a breakout outside of this 30 cent mark. Then we should start seeing real moves up to the 50 60 cent uh areas. Okay. ICP. ICP. This one should come at some point into a a a rally. Okay. So, ICP I don't like the the breakdown at the moment here. just means it's got a lot of resistance at $3.

17:22 Um, so again is my not my favorite trading token right now, but I can say this, right? It is coming into this territory over here, which is the golden zone pocket on the weekly. Okay, which means that uh this could be an area of where to accumulate. Okay, all depends. For me personally, something to to trade something like this, I'm probably looking for a a breakout over here.

17:46 for long-term accumulations, you want to accumulate close to the bottom to be as safe as possible, right? That that's where it's realistically. So, it might be a couple of weeks out until it wants to actually make a real move. But who knows, right? These things can wake up at any point. Uh theta, I'm actually going to buy some again. I haven't bought the in a long time.

18:11 It's quite clear, right? 12 to 16 cents is the accumulation right now. Again, is it a token to to hold for the long term? Probably not, right? Is it a trade and a good trade setup can come into play? It looks decent, right? So, from here, at any point, we could see a pop up to 40 cents. And that's a that that's a good area, right? So, there there's a a a position on Uni.

18:31 Okay, let's do one more. Okay, Uni. Okay, this is one token that I am very bullish on for the future. Right. So, what I like here on Uni, if I look at this breakout, where are we now? We do have a a line of support here. There we go. So, that's the accumulation zone. So, again, as you can see, it could dip a little bit lower, but it looks like between $6 and $7 is the the the accumulation zones for UNI.

19:03 After here, we're looking for a push up, a cup and handle push up to the top, which is $10, but we're actually looking for higher pushes up to 15 to 17 on the higher and longer uh time frames. Okay, guys. So, again, next week we're doing some private trading rooms on WEX. In the next stream, we're actually going to go live trade after that. So, get your WEX accounts today.

19:21 Right, there's the link below in the description over here. Okay, and again, here's all the signup deals that you get with using the link. Sign up there so that we can get ready for the trading next week. and then I'll see you guys tomorrow. Let's see what happens. Um, and good luck with FOMC and let's make lots of money. Lots of love. Bye-bye.