Good evening bulls, another quick update:

1. Total altcoin market cap resistance & current bounce
2. ASTER trade update

Regardless of this being an amazing week with the ASTER and XPL plays, not too much changed tbh.

(Will do a bigger macro market outlook in the coming days, but I also like this short format with more consolidated daily thoughts for when the macro doesn’t change too much.)

Macro:
> still bullish imo
> still expecting the total altcoin market cap to break out and follow bitcoin into new highs (like every end of the cycle)
> just from an execution pov it’s still a bad spot to fomo into resistance, and even after the initial dip and rejection, I don’t see the setup yet since we’re still too close to the htf resistance.

Still the same positioning-wise:
> Holding positions since the range low and mid-range retest entry last april/may
> Took some off certain positions when the total hit the range highs and/or projects (hype) flew into new highs.
> Not selling to buy back lower. (just tping as cycle profits)
> Majority still in.
> Will only add if we either flip the macro range high, or fall lower into the local range as per the chart above

Also looking at the 'others' chart, ideally (though not the most fun scenario), we dip into the range low zone for a perfect RR entry on altcoins. If we hit that zone, I’ll definitely start checking HTF altcoin charts of the tokens I think will capture attention.

(you can also see how in the last cycle the total altcoin market cap charts caught up at the end of the cycle and completed an exact similar pattern)

Medium time frame/execution:
Yes, we’re seeing some altcoin strength now relative to Bitcoin, and yes, we had some massive runners (Aster and XPL), but from a range perspective, we slipped back into the old range and are having a bearish retest now.

For me, that confirms it’s better to take it slow and not go on a buying spree here.

Best case: we reclaim the lost level above and chop between the previous high until a breakout.

Worst case (but a big opportunity with the ‘others’ chart imo): we fall back lower into the current lower time frame range.

Again, not selling to buy back lower. Still holding entries from much lower and already TP’d some, just patiently waiting for the right time to scale into new positions as per my macro thoughts above.

Making watchlists though, focusing on the previous cycle sectors that did well (AI/agents/revenue meta/memes/stablecoins, etc).

Think ASTER and XPL will continue to do well this cycle, and still trading them right now (see ASTER trade on my timeline), and if the market shows more strength, I think there will be some beta plays here (Binance Labs investments, CZ mentions, and maybe even XPL ecosystem plays).

Will share some watchlists and charts I'm looking at to buy the dip on if we get it.

TLDR:
> Macro bullish
> Medium time frame; patient as its resistance
> Looking for plays for the next altcoin wave (whenever that might be, not trying ot time markets)

2. ASTER trade update

Shared my ASTER squiggly and setup/buy trigger yesterday, and glad to share ASTER perfectly followed it + hit our first target.

Took 25% out, and will do another 25% at the highs if we get there.

Can't add another picture in this post, but I'm closing LISTA after today since it's showing weakness below my bidzone.