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.

BNB

It should test the $330-350 resistance once again and form bearish divergences. Looking for shorts around those levels.

BTC ltf

This wouldn't surprise me for today or tomorrow. First a dump to 44k-45k to liquidate the longs that have entered recently. Then instant recovery/pump to 48k-50k with the ETF news.

More longs entering here, supporting the idea of the potential quick dump to 44k-45k before the pump to 48k-50k.

First step ✅