This is why they say $BTC is king.
▫️Here are some notes:
- $BTCUSD is still intact and strong against multiple indicators.
- $BTC.D has just flipped a key HTF MID level—indicating further pain; a Pain Climax scenario that could force me to change my view on Q1 of this year.
- $ETH & $ETHBTC tickers are the weakest major tickers, hence the altcoin bloodbath.
- The $BTC uptrend will likely continue for few more weeks/months before liquidity starts rotating back into alts.
- Summer/Q2 going to be a decisive period and probably the most stressful period of all. I still think bear market hits this summer (by Q3, market will, likely, have topped).
My personal approach hasn’t changed; focus on $BTC and always take profits on the first few Xs on any shitter that moves.
Lastly, there’s a rumor that’s awaiting confirmation: the recent meme-mania was the ‘altseason’ of this cycle.
Note: take everything I’ve just said with a pinch of salt. I ain’t no prophet.
Some ideas I have, perfectly aligned with my previous takes on the market during the past months.
1) BTCUSD is yet to find its top despite BTC.D recent decline, will cover that chart separately later on. What’s key now is closing July above the $110K mark.
2) ETHBTC looks bottomed as we’re now trading above June highs. Now approaching a key resistance level; how it reacts will help us gauge current momentum.
3) ETHUSD is yet to follow BTC and go price discovery with key obstacles in the way, the $4K one being the most crucial.
Lastly, I’ll try my best to keep you updated after the recent hiatus. Thanks for the messages and concerns you’ve shown.
COREUM, one of my favorite holds despite its inflationary nature.
Price suppression still on after 874 days of sideways accumulation.
Let’s see how long it takes to see this at $1.
Quick thank you to all as I broke 8k Followers 🫳
Appreciate the support & engagement over the years.
Been a crazy week, with $BTC I #ALTS I $ETH pumps, will continue to watch and share my thoughts Fam.
Real question: Why do people buy $XRP?
XRP has a $206 BILLION market cap while its blockchain has $92M TVL and a very little DEX volume.
Yet XRP somehow has a bigger mkt cap than SOL, HYPE, LINK & USDC combined.