In the last review of Ethereum chart I wrote that long is safe only above 606$. Price dumped never growing above that value, so no longs open. Short could have given a great profit, but at the moment I made that review, ETH was still above critical level at ~580-583 support, so could advise it back then.

Now ETH has the same chart as BTC. All coins do. Same ranged markets, in this case between 480 and 530. Breaking above or below that range will create an impulse move in chosen direction.

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Next wave of shitstorm is coming 🚀

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Altcoin index moving towards ~1306 resistance. DeFi index already broken the same chart structure, so we may expect the same from Alts as well.

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Alts index broke out as expected and went up by almost 15%. At FTX exchange with 10x leverage that would have made 150% profit in just a little bit more than one day 🤑 Free signal for all 🤝

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Alts bloodbath lasted till the morning. Overall dump from the top 16% at Atls Index chart. Alts themselves dumped differently, many dipped by 27-30%. Dips were bought and now they are bouncing, but soon will drop back again.

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Today alts are having a nice bounce perfectly logical after yesterdays pullback. Be careful and don't get into late longs. At alts index chart you may see that despite overall uptrend current bounce has very clear borders and most probably won't get much further than ~1640 resistance. Meaning that next week we may see them to pullback lower before it will be ready to resume uptrend.

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Alts Index chart reminds of Ethereum for obvious reasons. At the same time this reminds of rising wedge and these patterns often lead to bearish break downs. As you can see most of volume came from recent bull trap. So this zone should have lots of resistance. Surpassing it will be crucial for further trend development.

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Within current uptrend alts index usually bounce from 21 ema. Current pullback touched that moving average already. Still half an hour till candle close. In case of trend continuation next 4 hours candle should be slowing down forming a fat doji and next candle bullish. If retracement obviously picture will be different =)

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So is alts season over? Without that day candle closed we can't be sure. If it will be pushed back up this may result in another leg up as it was after 15th February. In theory.

But without theory and waiting for candle to close I feel bearish. I think alts season is over and bull run most alts experienced is over for some time. I'll hodl for the bounce, and flip into shorts. Expect March to be red. Final target for Alts Index at 1650

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Altcoins index chart update. Forecast stay the same - final target for Alts Index at 1650.

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In one week time we witnessed two big dumps and both were bought out with huge volume. As it usually happens after the dump alts bounce and move sideway for a while till another dump happens or it makes higher low and start to recover. In case of Atlcoins Index chart I think we may expect consolidation above 4000 and under ~4900. May take some time especially if we want it to grow to new ATH after that.

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Morning folks. Looks like the market is about to pump 🚀

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Well, at this stage pullback becomes visible. Will it be a small one (as I wrote in BTC review) or something bigger, yet impossible to predict. But I'm setting first entries in USDT approximately 13-15% from now. Sure these values are different for each coin. Hope to get in KSM, LTC, LINK, SNX, ETH, 1INCH, THETA, DOT at discount prices 😎

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Moving dip buys much lower. At least 20% from current values. Will be happy to admit I was wrong if everything reverse. But don't feel anything worth its price at current levels.

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Buying shitcoin index on breakout above 4960 (4H close above that value). Target 5200 and 5500 resistance zones.

No trigger - no trade.

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RSR grown by 21% from yesterday buy zone 🚀

Just posted another watchlist in Premium 🔥

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Sniper entry in #USDT_SHIB today 👌

You are welcome 🙏

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