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Blockchain Basement

FAKE Bitcoin Pump: REAL Crypto Trade Profits

Wednesday, 21 October 2026 · 4 min read · Listen to the episode ↗

The host called Bitcoin’s rally a “fake” pump after reports of an Iran–US peace deal proved false, but said his long from around $81,500 to near $83,100 was real profit, bringing his trading bag up 34%. He outlined conditional Bitcoin trades around $80,700 support and $84,700 resistance, alongside altcoin setups, and discussed NEAR’s potential role in a future AI-agent economy.

The host called Bitcoin’s morning rally a “fake” pump because reports of an Iran–US peace deal were false, according to a person familiar with the talks, but said his trading profits were real. Oil had climbed back above $97. The S&P 500 opened down 0.23%, fell as much as 0.30%, and then held its gains. The host said he bought Bitcoin around $81,500 and closed the long near $83,100, without giving the profit amount. After losing 5% on an earlier attempt, the morning trade brought his trading bag up 34%; he also called a 20% daily gain a good result.

Bitcoin had tested the $80,000 area eight times and was trading around $81,000, with the host seeing an upward outlook over the next few weeks and a substantial pocket of liquidity overhead. That view came with nearby constraints: resistance around $84,700, local support around $80,700, and a rejection at the volume-profile midpoint. He passed on one long because VWAP was declining, RSI was high, momentum had already risen, and resistance was close. Separately, he set up a scalp long around $80,700, citing downside liquidity, and said he was moving open-trade take-profits into slight profit while raising stops; one position had a trailing stop.

The speaker laid out conditional Bitcoin trades: a long near $80,700, with a stop at $80,005 and a target of $82,000, or a short near $84,700, with a stop around $84,950 and a target of $83,500. For Chainlink, the plan was to seek a bounce near $12.05, stop around $12.00, and target $12.25; the speaker also described a bump-and-run scalp near $12.04. A break below $11.90 could leave little support before the $11 range. The speaker saw possible sharp gains in altcoin longs over the next few weeks and said the “others to Bitcoin” chart looked strong, but stressed against risking an entire account on one trade, describing an entry using 2%.

Among altcoins, Aerodrome’s daily chart looked stronger, but its historically troublesome red weekly indicator could signal pain. Starknet had fallen 53% over several days; the speaker cited reports that about eight whales accounted for most of its trading volume and suspected a token unlock might be involved. Metis’s chart was judged very poor, and the speaker said few crypto projects seemed trustworthy enough for long-term holding, particularly microcaps. They questioned Canton’s token-burn equilibrium because it depended on $100 trillion in Treasury repo transactions, calling Canton one of their more suspect holdings; they had taken profits but retained a position after Crypto Crank’s advice.

The speaker viewed NEAR as one of the few holdings that could rise 100-fold and as one of a handful of sufficiently developed projects to participate in a future AI-agent economy. They said NEAR could reach $150 if it delivered on its purpose, that $5 might look attractive mid-bull market, and that they would exit at $50 while keeping some as a moon bag. Casper could have a moment if it broke above 8–9 cents. The speaker preferred Quant’s chart to those of other ISO tokens while noting its market cap was smaller than XRP’s, and said their DC data tool helped focus research; in their experience, projects scoring 70 or above had performed extremely well. They warned that spreading attention and investment across too many projects could let weaker performers drag down bull-market returns.

The speaker added Track (OriginTrail) after seeing a higher shelf, building volume and strength, and a higher low. They described it as an AI-verification platform for checking sources and improving internet safety, but said its small market cap and large price swings made it unsuitable for leveraged trading. Rea Finance had moved from a curiosity to the project receiving most of their attention; separately, they preferred Reo Finance’s chart to a comparison chart, expecting fewer holders to try to exit and more to grow with the project. They put Aurora near $40 million in market capitalization and Reo near $29 million, while remaining unsure about Reef and suspecting its chart might reflect an API problem. Cards was up 168% from when the speaker considered buying; they regretted not moving Solana into it. They said NCT’s chaotic pumps and traffic bursts tended to fade, and doubted Cardano would change the world.

This summary was generated from the episode transcript and can contain mistakes.