Not enough strength yet. We have to see a reclaim of $58.5k at least.

In addition to this post.

Altcoins are starting to show strength against BTC.

$ETH / BTC

Interesting htf level.

It’s not easy holding through a correction, but I believe those who can stay patient and disciplined will be in a strong position when the market turns.

Good night!

Altcoins keep showing strength against BTC. There's also strong demand here for some majors like ETH and SOL.

Let's see if that remains the dominant trend for the coming days and we start seeing some bullish confirmations.

Enjoy the weekend!

$SOL - Htf view

6 months of consolidation below the previous ATH. It's time for expansion.

Maximizing your Gains during Altseason: A Simple Guide to Avoid FOMO

When a bullish wave occurs in the market, especially in altcoins, it often happens in phases. Sometimes, certain coins within an ecosystem start pumping aggressively, while others remain sideways or even retrace. It's common for people to begin moving funds from one coin to another, as shown in the image. This typically happens due to one main emotion: Fear Of Missing Out (FOMO). When you see many coins going up but not yours, you start moving your funds into those that are pumping. It's a familiar scenario when, right after you make the switch, the coin that was pumping starts to correct, and the one you've been holding for weeks (and just sold) starts to go up. Sounds familiar?

To avoid this, having a solid action plan and strategy is crucial. If you manage to time the market well and get exposure when a bullish wave or altseason starts, the best approach is to build a solid portfolio that suits your capital, risk tolerance, and understanding of the market. This way, you can construct a well-diversified and solid portfolio that includes majors, mid-caps, and microcaps from different ecosystems. You could also set aside a portion of your portfolio for trading, but the foundation should be a strong hold portfolio that you maintain for most of the altseason. The focus should be on timing when to take profits later on.

There are many coins, many narratives, and many moves, but you can’t catch them all. It's far more important to make strong, concentrated bets than to overdiversify or overtrade.

Periods of low volatility like these are a gift, as they give you time to thoroughly analyze everything and position yourself, apart from the discounts in prices. Once volatility kicks in, your reaction time becomes much shorter.

The market rewards those who take the time to learn and plan. Use these moments of calm to strengthen your strategy, and when the move comes, you’ll know exactly what to do. After such a long period of correction, those who have remained patient and avoided the noise will likely be the ones who are rewarded.

BTC looks ready for $60ks.

GM

U.S. CPI data will be released today at 8:30 AM ET (in 3 hours). This data is key for the Fed’s next move. The current expectation is for a small rate cut of 25bps at next week’s meeting (September 18). However, if the data is very positive, a 50bps rate cut isn't entirely off the table.

In my view, if the data is favorable, the market will likely start pricing in more rate cuts for Q4 2024 and early 2025.

Let’s see how it plays out.

Today, September 11, 2024, U.S. inflation for August came in at 2.5%, just below the expected 2.6%. It’s the lowest in over three years.

With inflation cooling off more than expected, the chances of a rate cut at their next meeting just got stronger.

Many ALTS/BTC charts looking good for a strong bounce. We just need a bullish confirmation on BTC (reclaim of $60k), which is likely to happen soon.

$ETH

Double test to the $2,100 support. Bullish confirmation would be a reclaim of the $2,800 level, which would probably match with BTC above $60k.

If that happens, a new ATH would be likely.

GM!

U.S. PPI data coming today. BTC slowly climbing towards $60k levels, while some altcoins continue to outperform.

Exciting times ahead.

Coinbase has launched cbBTC, an ERC20 token backed 1:1 by Bitcoin, enabling BTC holders to use DeFi platforms on Ethereum and Base. This could lead to more liquidity flowing into altcoins as BTC is utilized in DeFi, supporting the idea of an upcoming altseason. As BTC moves into these decentralized ecosystems, the demand for altcoins should rise.

Also, next week is going to be interesting, with events that could impact the market:

- Trump's World Liberty Financial Announcement (X Spaces) - September 16

- FOMC and Federal Reserve Interest Rate Decision - USA, September 18

- TOKEN2049 event - Singapore, September 18-19

- Solana Breakpoint 2024 event - Singapore, September 19-21

The timing is perfect. As mentioned before, ALTS/BTC seem to be bottoming, and BTC is forming a new bullish trend on lower timeframes that could take it higher.

I wish you all a blessed weekend!

A quick reminder as we head into the new week, which is going to be very interesting.

GM

Interesting timing...

$ETH / $BTC

I see a lot of FUD for this pair. However, let's not forget it's at a major htf support and the downtrend appears to be overextended.

Based on this, I'm expecting a bounce soon.

$BTC ltf

Looking good for bullish continuation.

Very strong demand here for ETH, and ETH/BTC is at major support while sentiment is bearish.

Perfect moment for a bounce.

GM

The market is bouncing nicely and shorts are entering here aggressively, while bulls seem to be in control. This could end in a massive short squeeze.