Even if I think altcoins are going to keep pumping this week and most of them should make a new high, right now the move looks overextended and it wouldn't surprise me to see a 10-15% drop to shakeout some positions before bullish continuation.

My positions are in spot, no leverage, so I would just add more if that happens.

Potential 10-15% drop soon. BTC could reach 45k.

Coincidence?

Potential 10-15% drop soon. BTC could reach 45k.

Good morning.

Current plan:

-BTC dumps to 45k, altcoins dump 10-15%.

-BTC bounces from 44k-45k to form a lower high around 47k-50k. In the meantime, altcoins bounce harder and go for the last high, forming a divergence with BTC (low caps could keep giving good returns)

-The entire market reverses and dumps hard.

BNB update

$350 reached ✅

Waiting for ltf bearish signs to start building a swing short position.

The fact that the movement from the local low has had so much interaction with this Fibonacci channel, that wave C is exactly 1:1 with A, and that the movement has been primarily caused by stablecoin mints plus FOMO due to ETFs and the halving, confirms that this movement is corrective and not impulsive, and that it should be followed by a continuation of 2022. This continuation should be shorter in time, but more aggressive in terms of price/time ratio.

This is likely.

I wish you all a good weekend.

Taking profits on alts here. I'm out of all my positions for now. I will buy back lower if we get the 10-20% shakeout.

The price is starting to dump. Price down, OI up, funding up. Bearish.

This could easily reach $45k.

BTC zoomed in

ETH update

$2800-3000 reached ✅

Currently at major resistance. Expecting a strong rejection soon.

In my opinion BTC and ETH have reached a very important top here. Altcoins look very overextended now and fundings are very high.

There are high chances that we could see a 10-20% drop soon, with BTC reaching $45k.

Good morning.

Very strong selling pressure here. The market looks heavy.

Break below 50k is the bearish confirmation that would take the price to 45k. I'm totally out of the market.

After yesterday's dump, fundings didn't fully reset and now they are going up again. The bounce seems corrective. Strong supply here as well.

In my opinion yesterday's dump was the test dump.

HBAR update

Nice move so far. Now, as you know, I'm expecting the market to retrace. HBAR should test the broken highs as support. I will probably rebuy if that happens.

BTC

Perfect rounded formation/double top above 50k. Clean break below 50k and we should see a strong initial dump to 44k-45k.

UNI update

Target reached. I sold a bit early but no regrets, profit is profit.

I'm happy for those that held during the entire move, congratulations.

Now it's at the target/resistance and should reject, especially because the entire market looks weak.