TOP Crypto Swing Trades Before the U.S. Midterm Elections!

Summary

Presenter DJ/Degen Dave expects a highly volatile week around the U.S. midterm elections, macroeconomic releases, and crypto-security concerns following a Binance hack. He sees room for a short-term relief bounce, but remains open to further downside and a later short setup. He repeatedly notes that these trade ideas reflect his current view and could be wrong.

Bitcoin and market outlook

• Bitcoin had lost an anchored VWAP from a prior low. Dave treats a loss of that VWAP as a warning that price may make a new low, then re-anchors the VWAP at the next low.
• He is watching for a sweep of the Friday lows and nearby Fibonacci and liquidation levels before a potential bounce.
• Key levels he highlighted:
  • Around $76,200: a notable liquidation cluster near the 0.382 Fibonacci level.
  • Around $79,000–$79,550: liquidity above price and a possible bounce target, after which he could look for another short.
  • $74,200: VWAP; $73,194: 200-day moving average.
  • If Bitcoin closes below the key near-term level, he sees possible downside toward $72,000–$73,000.
  • $74,753: stop-loss level for an aggressive long idea.
• Dave says Bitcoin fell 24% after the 2022 midterms, but thinks the market could surprise traders this time. He floats a possible “double play”: attempt a short-term long around a low sweep, then consider flipping short at a higher level.
• Binance-related security concerns—including reported exchange, wallet, and hardware-wallet hacks—are weighing on sentiment. Dave cites more than $2.5 billion in withdrawals from Binance.

Trade ideas and levels

The levels below are the presenter’s stated chart ideas, not independently verified recommendations.

Asset View and levels discussed BNB The prior short was up roughly 7% after the drop. Dave expects more downside amid Binance uncertainty and identifies $658 as a possible zone. NEAR Protocol (NEAR) The prior short was down about 20%. Dave sees a possible long around $3.27–$3.29, with a retest area near $2.92. He points to the 50-day moving average: losing it and then failing on a retest preceded the recent drop. Zcash (ZEC) Bearish view after repeated rejection at the 50-day moving average. Dave allows for a bounce but expects lower prices overall. Bittensor (TAO) Bullish-bounce setup based on bullish divergences across several timeframes, a reversal signal, and proposed ETF- and staking-related catalysts. Entry plan: $217–$218, with a possible second order at $210; stop around $206. Potential take-profit areas: $240–$245. He describes this as a possible challenge-account trade, not necessarily a swing long. Arweave (AR) Bullish setup based on bullish divergences, a reversal signal, the 100-day moving average, and Fibonacci support. Dave entered around $297–$308 and considered adding near $284. Final stop: $275; first take-profit: $359, with a further chart target around $424. He cites a possible November 13 livestream catalyst and a prior rally of about 114%. Bitcoin Cash (BCH) Short-term bullish setup based on a four-hour reversal, support near the 50-day average, anchored VWAP, and bullish order blocks. Entry area: $265–$266; stop: $255. If price capitulates, he would look to buy around $245–$246. Targets: $299, with a larger area near $365. He also mentions pending ETF-related developments and CME or regulated-derivatives activity as potential catalysts. Optimism (OP) Potential short if price rallies into a resistance zone around $1.144–$1.165. Dave expects a possible move toward the 0.618 Fibonacci area, with a deeper round-trip scenario also possible; no exact downside target is given. Pendle (PENDLE) Potential short near $1.92 if price rallies into resistance. He mentions $1.6136 as a larger potential long target. Dogecoin (DOGE) Cautious: price is losing the 0.786 Fibonacci level. Dave says to wait for the point-of-control area near $0.07027. Immutable (IMX) Potential “degen” or gaming-token setup around $1.044–$1.080, with a sweep of lows as the possible entry scenario.

Framework and risk management

• Use anchored VWAPs from important lows; losing one can signal that a new low may follow.
• Look for liquidity sweeps, liquidation clusters, Fibonacci confluence, support/resistance flips, moving averages, and order blocks.
• Confirm setups across multiple timeframes. Dave describes aligned short-, intermediate-, and higher-timeframe signals as higher-confluence.
• Define stops around invalidation levels and size positions against account limits. He gives examples of challenge-account limits of $7,500 maximum daily loss and $12,000 maximum loss in stage two.
• For the TAO and AR setups, he discusses using cross margin. He warns that adding to a position this way is not available while isolated positions remain open.
• Dave says he would cancel an unfilled second AR order if price began moving upward, rather than leave it active.
• He emphasizes that the proposed longs may only be relief bounces if the broader market remains bearish.

Macro and event calendar

• The week includes the U.S. midterm elections, an October ADP employment release, ISM manufacturing PMI data, the October jobs report, and five Fed speaker events. Dave also mentions Apple and Palantir earnings.
• Reports that the U.S. and Iran may be nearing a peace deal were associated with U.S. oil falling 7% below $98 a barrel and Brent crude dropping 5%.
• Dave cites JPMorgan’s view that a post-midterm market dip could be a buying opportunity.

Disclosures and cautions

• No formal “not financial advice” statement appears in the subtitles. Dave does say his views are provisional and that the market could keep falling.
• The video includes sponsor promotions for Bitfunded and Yubit. Dave mentions Bitfunded challenge accounts and a Yubit deposit-bonus offer, and promotes Yubit’s up to 500× leverage on Bitcoin and ETH. He says high leverage is not his own trading preference. These promotions are not endorsements of the risks involved.

Presenter/source: DJ Dave, also referred to as Degen Dave. He credits James for sharing tweets used in the current-events discussion and references updates shared with his Chart Hackers community.