I’m Bullish On Altcoins Heading Into FOMC (Fast Move Incoming)

Crypto Banter • 3 days ago

Original source

What This Video Is About

The video discusses the current market situation, FOMC expectations, and analysis of Bitcoin and altcoins. The speaker expects volatility and significant changes after the FOMC meeting.

Major Ideas Discussed

  • The market has broken through a resistance level, potentially trapping bears, and may see a repeat of this pattern.
  • Two scenarios are possible after the FOMC meeting: a dump followed by a rally, or a strong push to the upside.
  • Bitcoin is at a resistance level, with potential breaks at $82,000 and $84,000 to $85,000, and a possible push to $87,000 to $88,000.
  • Altcoins are expected to perform well, with a possible rally to the upside and a turn in Bitcoin dominance.
  • The speaker is long on several tokens, including Render, Avac, Sui, and Salana.
  • Several tokens are worth watching, including XRP, Comp, Aweave, Injective, SNX, ICP, Theta, and Uni, with potential breakouts or trade setups.

What to Watch Next

The speaker recommends keeping an eye on the mentioned tokens and being prepared for any possible scenario after the FOMC meeting. The speaker will also be hosting private trading rooms on WEX and going live with trades.