Time to pull out my macro chart again.

Not trying to ruin the party but as I have stated many times before, this yellow circle is the main macro, and therefore most important resistance we have faced in the past years.

These mega trends usually hold.

In case we break this, we are geared up for a mega bullrun. But I am heavily leaning towards a rejection. We can break this but I wouldn‘t count on a fast break.

This does not mean that altcoins can‘t do well in the next days, weeks or months. I think this is a great opportunity for Bitcoin Dominance to crash and give the rest of the market time to breath. Maybe 10K $ETH is the next target?

The target for $BTC is 122k right now.

LTF looks decent

$XLM doing a casual 85% gain in 1 week. Actually in 5 days.

At least this week, we had altcoin season!

Expecting some headwind going into the week. DXY bounced off the major support.

122k in reach. It is getting very hot in here..

If we close the daily here and keep going, I don‘t see any reason why we can‘t go much higher.

122k was my bearish target but maybe people finally ran out of BTC to sell?
🤞🤞🤞

The best part so far for me is that altcoins consistently keep up and even outperform BTC. This hasn‘t been the case for basically over a year.

But this is the important step.
We need to show strength here at this price range. A wick is always expected in every direction.
Next days are crucial for the further direction.

BTCd already starting red into the weekend. I would be very surprised if this trend is not continuing for some while.

Target hit and clean rejection off 290B $OTHERS

$SPX also looking to hit a resistance very soon.

As expected $BTC got rejected off this macro trend with a nasty shooting star daily candle formed.

Honestly, I think we will have a few slower days but I am not expecting a very hard selloff soon. Probably some retest and eventually a retest of 112k.

Either way. As soon as BTC stabilizes and ranges a bit, I expect alts to get more upside.

6 days in a row, altcoins have outperformed the whole market.

I expect this to continue as we are still crazy oversold.

Very close to my $ETH $3400 target.

I do expect a break eventually but a rejection first. How long we need to break: depends on the fomo and $SPX

We broke down.

0.9% down on a day. Not sure when I have seen this the last time.

Altseason

Broken. 9% in a day is absolute insane.

I hope we close above.

If we don‘t retrace this, there will be many good days ahead of us

Retest in progress. Will we hold?

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