Many people asked about the altcoins I bought recently when I mentioned that the local bottom was likely in. I've shared some of them, like ZCX and the SOL long. However, I've only shared others that are under a $100m market cap with friends, because I don't want to influence their prices, even if it's in a positive way.

Big bounce incoming imo.

SOL/BTC looking good too

It's going lower, but the idea is the same.

BTC

Perfect bounce from the liquidity zone. Now it has rejected from the $65k resistance.

In my opinion it should break this resistance eventually. If it does, I'd be looking for $68k-$69k as the first target, and $74k-$75k as the second target. Bullish invalidation would be bearish PA at the previous range low.

ETH - Zoomed in

Right now in no man's land but the high probability scenario is to the upside.

I wouldn't rule out another swept of the low, testing $2,700-$2,800 again. Bullish confirmation is a clean break above $3,300, which is likely imo.

BTC - Clean view

It looks like a standard retracement into support zone, before pushing higher. There's strong demand and indicators look bullish here.

Things would get ugly if it consolidates below the previous liquidity zone, but this is unlikely imo.

SUSHI

Same plan.

I longed ETH here. Still holding the SOL long from $133s as well.

Very boring PA, so disconnect from the charts and enjoy the weekend!

SOL - Zoomed in

Bullish PA above major htf support.

Quick Weekly Overview

Today:

-PPI data
-Fed Chair Powell speaks

Tomorrow:

-CPI data

Thursday:

-Initial Jobless Claims


Analysis

There are some important events this week which should bring volatility to the market. Yesterday we saw some big moves in the stock market, with GME and AMC pumping 74% and 78% respectively (24h change%).

However, the crypto market remains sideways. This consolidation phase is normal after the strong correction we saw a few weeks ago. The question here is whether this is a consolidation before a bearish continuation, or a reaccumulation phase after a shakeout.

Based on the charts and indicators, we can see that many cryptos are at hight time frame (HTF) support, including the TOTAL crypto index (https://www.tradingview.com/x/3um0oMIn/), and the Altcoins index (https://www.tradingview.com/x/whik8bYy/).

Conclusion

As long as these supports hold and there's bullish price action/indicators above them, I expect bullish continuation.

I'm about 30-40% exposed to the market right now, with the majority in spot altcoins, along with the ETH and SOL longs. If the situation changes, I will adapt and start closing positions.

BTC

Clean break of 65k is the bullish confirmation. Likely imo. The only question is when.

TEL

Chart is looking good here.

It seems that today ✅