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The Daily Candle - by Crypto Banter · Aug 24, 2026

🚨5 Trade Setups as Bitcoin Climbs

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The Daily Candle - by Crypto Banter · The Daily Candle - by Crypto Banter

None of this is financial advice. Do your own research. By reading this newsletter, you acknowledge and accept the terms and conditions outlined in our disclaimer.

Hey Traders,

Bitcoin is advancing on unusually clean positioning. Price has climbed into the high $77,000s on a roughly 20-22% move while open interest measured in BTC terms fell to multi-month lows. BTC premium has flipped from its longest red stretch toward positive territory, and the 200-day moving average has been reclaimed after an extended period below it. This is a spot-driven advance with limited leverage left to unwind.

Ethereum is leading the rotation, printing relative strength against Bitcoin and sitting at the front of the typical early-cycle sequence.Treasury yields have returned near pre-intervention levels as Bessent holds today’s press conference centered on the toughest Iran sanctions package yet and signals that longer-dated buybacks may need to scale further. Our desk sees the combination of restrained crypto leverage and potential incremental liquidity as constructive. Here’s what we are watching.

Today’s Charts:

  • Chart #1 – Monero (XMRUSDT) 4-Hour

  • Chart #2 – Pudgy Penguins(PENGUUSDT) 8-Hour

  • Chart #3 – Aster (ASTERUSDT) 8-Hour

  • Chart #4 – JUST (JSTUSDT) 8-Hour

  • Chart #5 – Greene County Bancorp(GCBC) 6-Hour

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Chartist: Kapoor

(For the chart screenshot, click here)

Monero has broken below its ascending support trendline following an aggressive blow-off top to $466.34, currently testing horizontal support near $417.06 on the 4-hour timeframe. Functioning as the leading privacy-centric cryptocurrency utilizing ring signatures, stealth addresses, and RingCT for untraceable and confidential transactions, this short trade setup targets a downward continuation toward the $375.00–$380.00 demand zone as long as overhead resistance holds below $435.00–$440.00.

Trade Levels:

  • Entry: $420

  • Stop Loss: $435

  • Take Profit Levels (TP):

    • TP1: $400

    • TP2: $375

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Chartist: Kapoor

(For the chart screenshot, click here)

Pudgy Penguins has surged into a strong parabolic markup phase, consolidating near $0.009598 on the 8-hour timeframe after rejecting from the $0.010350 swing high. Functioning as the native utility and governance token for the Pudgy Penguins Web3 IP and digital collectible ecosystem, this long trade setup targets an upward expansion toward the $0.010303–$0.010435 resistance target as long as the $0.007485–$0.008466 support base holds.
Trade Levels:

  • Entry: $0.0084

  • Stop Loss: $0.0074

  • Take Profit Levels (TP):

    • TP1: $0.0092

    • TP2: $0.0103

Chartist: Kapoor

(For the chart screenshot, click here)

Aster has printed an aggressive impulse off its multi-week consolidation base near $0.606–$0.611 and executed a clean retest of the $0.649 breakout level, rebounding to trade around $0.681 on the 8-hour timeframe. Functioning as a decentralized infrastructure and digital asset liquidity protocol, this long trade setup targets a continuation expansion back toward the $0.784–$0.796 overhead resistance zone as long as the $0.610–$0.649 support base holds.

Trade Levels:

  • Entry: $0.649

  • Stop Loss: 0.611

  • Take Profit Levels (TP):

    • TP1: $0.700

    • TP2: $0.785

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Chartist: Kapoor

(For the chart screenshot, click here)

JUST market capitalization has faced a sharp rejection after testing swing highs, breaking down swiftly through intermediate support to trade on the 8-hour timeframe. Powering TRON's decentralized finance suite, including USDJ stablecoin collateralization and multi-asset lending governance, this short trade setup targets a downward extension toward the liquidity basin as long as overhead resistance holds below $0.01500

Trade Levels:

  • Entry: $0.10461

  • Stop Loss: $0.10945

  • Take Profit Levels (TP):

    • TP1: $0.09875

    • TP2: $0.09223

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Chartist: Kapoor

(For the chart screenshot, click here)

( GCBC refers to the stock of Greene County Bancorp and not a cryptocurrency.)

Greene County Bancorp has consolidated above its horizontal support shelf near $34.53, printing higher lows and trading around $34.74 on the 6-hour timeframe. Functioning as a regional financial holding company providing commercial banking, residential lending, and wealth management services across New York State, this long trade setup targets an upward continuation toward the $38.10 resistance level as long as the $33.27–$34.53 support base holds.

Trade Levels:

  • Entry: $34.5

  • Stop Loss: $33.25

  • Take Profit Levels (TP):

    • TP1: $36

    • TP2: $38

Banter’s Take

Our research confirms that the current market structure is shifting from defensive bear-market positioning to an offensive bull-market setup, driven by clean spot accumulation rather than leveraged speculation. With Bitcoin reclaiming its 200-day moving average and Ethereum leading the rotation, our analysis suggests that the foundational elements for a sustained uptrend are firmly in place, offering a clearer path for capital deployment.

By aligning our trades with these macro regime shifts, we are positioning our portfolios to capture the liquidity flows that define the early stages of a new cycle. Our daily analysis continues to filter for high-conviction setups where the risk-reward profile favors the prevailing trend, ensuring we remain nimble as the market evolves from consolidation into expansion.

We appreciate your trust in our research as we navigate this dynamic environment together. As we move forward, our focus remains on identifying the next wave of structural opportunities before the broader market fully prices them in, keeping your strategy aligned with the most powerful forces in the market.

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As a valued subscriber to The Daily Candle, you are part of the wider Crypto Banter ecosystem and that means you get first access to something we’ve been building behind the scenes. We’re thrilled to announce the launch of The Insider, Crypto Banter’s brand new publication designed to give our community a deeper, closer look at everything happening across our network. As an existing The Daily Candle reader, you’ve been added to The Insider as part of our founding subscriber rollout. You’ll continue to receive The Daily Candle as normal and The Insider is an exciting addition to your inbox, not a replacement.

Read the original on dailycandle.substack.com

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