If you look at SHCOMP: the Shanghai Composite index, it has been down only since mid of 2023.

Why is this important for anyone who is not investing in Chinese stocks?

It makes this pump very unhealthy.

On forward decisions I make it pretty simple for myself:
- As long as SPX is above 5000 = chill.
- As long as SPX is above previous ATH (4820) = cautious
- Break previous ATH and bearish retest from below to confirm a potential downtrend = reduce positions.

SPX has formed a pretty nasty hanging man candle. A retest of 4820 in the next week(s) is very possible.

APT wicked above but got rejected which is a bearish rejection. Now we bounced off the liquidity again. It is likely we retest the resistance again from below as long as BTC plays with. If not, we probably consolidate more on the liquidity zone and gotta see where it goes then.

Alts look like they are going to pump within the next hours

Many alts been very green. Eth also looks like the next leg up is loading.

I am very cautious for the next 7 days though. If stocks take a nosedive, it will affect crypto. Meanwhile enjoy the pumps ✌️

Hold dis and lez go!

Total market cap breaking its resistance today. Let‘s pray we get another stock boost and we should be ready for alt season finally.

$CAW - a shitcoin I held for 2 years looks primed for breakout

$JUP looks promising. Higher low and hitting on last bigger resistance.

Time to sell?

✅ New local high

$3000 let‘s goo!

🟢 #BTC Liquidated Short: $3.92M at $52309.58

With ETH moving, pretty much every alt is outperforming ETH and BTC.
Also large alt caps start to move. This might be the beginning of the real alt season, that hasn‘t even started yet. Because:

^

After the rejection, $FIL Filecoin has again broken out. Unless BTC ruins this breakout again, we should be good to break $8, $10 and $12 next

AI bluechips like $Ocean literally had 50% pumps within 2 days days and won‘t stop pumping.

Are we really topping again? First signs.

By the way: we had one bigger dip before or right after the having before mega bullrun. I hope this time is different but we shouldn‘t be too naive just yet.

By the way, just to tamper expectations. Unless BTC prints a god candle, don‘t expect ETH to break 3000 right away. A local top is way more likely

Oh, bank holiday. SPX opening tomorrow

For me, it is all about this chart for tomorrow:

- 25% straight pump
- MACD close to ATH
- rising wedge
- hanging man weekly.

All of this are top-ish/ dip-ish signs.

I just want the pump to continue, fingers are sweating for this week for sure tho.

Why didnt I trade this 🫠