While BTC stays within the 40k-45k range, some altcoins could still pump. Some other altcoins could have already reached the local top.

For BTC I expect it to take the liquidity at 45k-46k before reversal, but a htf close below 41k or a ltf clean break below 40k would confirm the reversal.

For ETH, it should reach 2500-2600 first and form a local top there.

Have a good weekend everyone!

Coinbase is pushing hard to get that 45k-46k level.

2023 has been a challenging year. The main analysis didn't go as planned, and it seemed like everything and everyone was against us. But despite this, we kept a cool head and remained true to our principles. It was a year full of lessons; the most important being to have patience and focus on what depends on you. You can't control the market, nor can you control what others say about you. However, you do have power over your approach to analyses, persistently seeking daily improvement. You also have control over your feelings. I absolutely love what I do and have full confidence in it.

Moving into 2024 really just means another day on the calendar, but it serves as motivation to set new goals and objectives. For my part, I'll continue to give my best as I have until now.

Thank you all for your support. Wishing you all the best in 2024.

Longed AVAX for a scalp. Target $50-55. Then I will look for shorts around that area.

BTC update

BTC ✅

Expecting a local top formation around these levels. Not ruling out a wick to 47ks, but the idea would be the same. Now the first bearish confirmation is price going back inside the range, below 44,000-44,500.

While BTC forms the local top, money can still flow to altcoins and shitcoins. ETH has still to reach 2500s, and some other altcoins could have the very last pumps. But when BTC is approaching 40k, which is a strong bearish confirmation, the entire market should have reached a local top and could nuke hard.

AVAX is ready for those $50-55

BNB

Soon I will start reopening the swing short position around these levels ($330-350). Just waiting for some ltf bearish signs.

No changes. Added some more to the long.

ETH

Another test into the $2000-2100 key level. As long as it stays above, it should reach $2500-2600 before reversal. Clean break below the support, and the bullish trend is over.

Today's market dump seems more like a temporary shakeout than the beginning of a significant trend. As long as BTC stays within the range (above 40k-41k), the trend remains bullish but should be nearing an end.

Some altcoins might still have the last pumps while money rotate from BTC to low caps and ETH makes the last move to $2500-2600. Then the local top is in and the reversal to new lows should begin.

Expect the market to pump during the ETF news. Then, a few days later, the reversal begins, when the ETFs can be traded and everyone is talking about it.

Whales are showing strong interest in the $48k-50k level. News can trigger volatility and leave large wicks. So a pump to that level and a big rejection afterwards is a likely scenario.

Such a coincidence.

BTC htf idea

Another coincidence?

BTC plan for the next few days

Interesting week ahead. ETF news should be released soon. As explained these days, I expect the market to pump first. BTC to 48k-50k, ETH to 2500-2600. Alts should pump more, especially low caps.

After this, which should take a few days, the market should reach a very important local top. That's when I will start opening swing short positions, aiming for new lows.


I hope you had a good weekend.