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Current $BTC Bitcoin Trend
BTC-2.82%
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$ETH also held
Much of Crypto gave good entries in the last few days
That support level gave good entries on leveraged $ETHT $ETHU
ETH-3.73%
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So what altcoins moved the Crypto index?
In Market Cap order
In Top 10
$BNB Came back STRONG!
$XRP
$DOGE $ADA
11-20
$HYPE $XLM
$SUI $AVAX
$HBAR $LTC
$SOL & couple others did well, things considered
BNB-10.95%
XRP-6.24%
DOGE-5.17%
ADA-5.34%
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Have no idea what comes down the pipeline
Just noticed things were off, this was YESTERDAY
Stocks Crypto
$DJI $NDX $SPX $BTC $ETH
BTC-2.82%
ETH-3.73%
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TRUMP: CHINA BECOMING VERY HOSTILE
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1/2
$TOTAL 3ES = Entire market except the Mega caps like $BTC $ETH & Stablecoins
1st
As a whole, the index is underperforming & hasn't reached ATH
2nd
$OTHERS = No Top 10 Crypto like $XRP $SOL
Some Large but mostly Mid Caps move this index
They look similar BUT let's dissect
BTC-2.82%
ETH-3.73%
XRP-6.24%
SOL-0.54%
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🚨🚨🚨
1/2
We believe Bitcoin bull run ends around 168k, conservatively
However, we're noticing a shift
Let's compare 2021 to now
Plain chart to see similarities & differences
Obvious current BTC:
Higher high
Bounced higher above the BLUE line
Moving avg crossover not as bad
BTC-2.82%
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Influencers make/made $ off YOU
Most have no to little $
Being bullish = more views
So why do you think most are permabulls?
Anyway, Bitcoin has been in bull mode for almost 3yr+
So has $ETH, just more volatile
$BNB has been on fire, how long we talked about this?
$SOL also
BTC-2.82%
ETH-3.73%
BNB-10.95%
SOL-0.54%
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Many influencers still do not get it
At least media is starting to understand
We've been saying this since 21, 22
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Attention time
Daily
$DXY US Dollar broke the downtrend
Weekly
RSI is looking strong
Monthly
Bounced off the trend & oversold
Hmmm, more manipulation coming in the bext few months?
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It has been a crazy year for me
Almost little time to myself
Focused on getting things ready for our next phase & trading positions in our fund
I think things have settled & will begin to put time into riskier plays, like when we were seeing 10-20x on crypto gems, GOD's timing?
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A lot of unknown and aggressive names are moving
Keep and eye on how bad it will get
Enjoy for now but you should know what it means when things start going bonkers
JUST a heads up, imo we keep chugging along
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Altcoin season has been in effect almost as long as BTC has been running
$TOTAL 3 = NO $BTC or $ETH
HOWEVER it's been the LARGER CAPS running the show, JUST LIKE Mega Caps run STOCKS!
$OTHERS = No Top 10 Crypto
Compare strength showing possible bottom vs Bitcoin = Yellow line
BTC-2.82%
ETH-3.73%
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Let's compare Altcoins to SOME memecoins
Own both much lwoer
$SPX $PENGU (like a lot)
Own Tiny amount & down $GIGA
$PEPE "flat"
$BONK $FLOKI (Never liked this meme)
Finally, the big "DOGS"
$DOGE $SHIB (own both)
Many of these look > than Altcoins outside the top 10
SPX-7.49%
PENGU-5.46%
GIGA-4.88%
PEPE-3.6%
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Influencers have been pushing smaller Crypto altcoins & tout themselves every chance they get
However, many of their coins are in the doldrums
$CHEX $PIN
$DSYNC $PAAL (we spoke on this around .15)
$VRA $FET
$PRIME $SFUND )spoke around $1 but sold some on pumps & diversified)
CHEX0.61%
PIN5.2%
DSYNC-9.94%
PAAL-7.29%
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Take away Stablecoins, $BTC, & $ETH, shows that Altcoins have been severely underperforming
When you exclude the top 10 it shows less performance
In other words, not much is happening in Crypto, except some pumps here & there, outside the top 10 & a few coins till the top 25
BTC-2.82%
ETH-3.73%
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1/2
Just pointing FACTS
Stated:
Bitcoin was likely not going much lower☑️
THEN
$BTC bottom call to the day☑️
Bitcoin would NOT break past levels on 1st try☑️
BTC volume light but likely go higher☑️
Contrary to influencers who are almost always bullish & flip flop on bad days
BTC-2.82%
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$BTC reached 1st short term target
Weekly
IF it closes here, very strong
RSI ia going higher
However, volume is STILL LIGHT, look @ $ Flow too
BTC-2.82%
FLOW-3.91%
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1/2
Daily
$BTC held the support level, previous Inverse Head & shoulder breakout level, this is good
Cons:
Volume is BAD, going higher on vapor
Buys are not strong, very little selling
$ Flow shows this
Pros:
RSI looks strong
We need more conviction on the buys
Keep👀on it
BTC-2.82%
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As we said a week or so ago
Altcoins have been on FIRE, top 10 & some to top 25
It is slowly moving towards the others
Looks to be setting up
However, IMO, not all will be big movers
Be PICKY on selections
MEME AI RWA DEFI should lead
Specific Gaming & META
ALMOST🚀🚀🚀
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