ct bears got really hornt when $BTC moved into $112k area
if you paid attention, my detailed breakdown covered why some of this relevance was lost
what I’m looking for next:
$ETHBTC to 0.04-0.045 area
alts continue to run (base & eth)
$BTC takes some of lifting after
Market looks great, don't see the imaginary panic which ct keeps chatting about
Here's why:
- $BTC trade is largely over, retail largely doesn't give a fuck about bitcoin
- $BTC.D HTF running out of steam after trending up hard since 2022
- $BTC close to bottom imo, fill CME gap & maybe abit lower into MA & S/R support
- $ETHBTC has reversed trend HTF & is holding up well on this pullback (as are alts)
- Defi alts / $ETH betas look very good - $CRV, $ENA (there's a few tbh)
- Coinbase starting to make their market push with base DEX integration. No one onboards retail like Coinbase
We maybe closer to the top than the bottom time wise, but this is where you hold your spot & use short hedges to add to spot
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