So far this rally off the lows has all the makings of a healthy/sustainable one.

Shorts covering which is sending OI down a we rise but the rise is also backed by a strong spot bid, which seems to have caused spot premium to rise and funding to become increasingly negative off the lows.

As long as these conditions remain I think we probs keep climbing higher over the coming days.

This is the exact type of PA we would want to see if our most bullish scenario from my recent $BTC video update has a chance of playing out.

Recommend watching if you haven't yet .

33595

0

Part 2 of my market update is now LIVE!

This one focuses SPECIFICALLY on altcoins including $CRV, $ETH, $TRAC, $HBAR, $XRP, $SOL, $QNT, and $AAVE but also gives you a general framework with which to evaluate ANY altcoin.

If you haven't seen Part 1 yet, which focuses exclusively on Bitcoin, I recommend watching that first. Links to BOTH parts will be posted below 👇

Part 1 (Bitcoin): youtu.be/xVxjLxyAXWQ
Part 2 (Altcoins): youtu.be/OqRP9QqGjxQ

Likes always appreciated.

35088

0

This seems like a novel concept for some, but:

If someone shares an idea about the market that makes sense to you, you might decide to act on it.

If someone shares an idea about the market that doesn't make sense to you, you logically will not act on it.

Either way, you have to evaluate every idea presented and ultimately make a decision based on what makes the most sense to you- we aren't going to make any decisions for you and we gain nothing from you agreeing with our perspective or not.

If you decide to make a decision after evaluating numerous theses and find one that you believe makes the most sense- then take responsibility for the outcome- good or bad.

At the end of the day, we share free content- if you agree with the ideas presented, fantastic.

If you don't, great.

If you still find value in the content shared despite not always agreeing with it- feel free to continue to follow along, we are happy to have you.

But if you don't find any value in the free content we share, no one is forcing you to stick around. You may get enjoyment spending your time trolling on the internet, but it's a waste of my time engaging with that, so don't be surprised if you end up blocked with this approach 🤷‍♂️

45449

0

The first test of the largest/most significant cluster of consolidation of our entire rise from 15k-126k (after we front-ran it in April of last year).

We spent over 8 months consolidating in this range last year before eventually breaking out.

Would be very surprised if it doesn't offer some relief on $BTC.

Recommend watching my new Youtube update (pinned tweet) for further context.

45254

0

A good time to repost this now that 74k has been broken and we are seeing one of the more violent corrections on $BTC that we have seen in a long time.

A few things I think it's important to remember during times like this:

FIRST: Panicking and reacting emotionally is never going to help things. I've been through every major correction/downturn since 2017 and some of them have been pretty damn bad. At the end of the day, none of them led to "the end of crypto" and this one isn't going to do that either. Focus on the charts, not narratives, and analyze the situation as you would under "normal" circumstances, letting technicals guide your decisions rather than emotion.

SECOND: It's worth pointing out- that even in 2017, we fell 50% from our highs in a single week- the most devastating correction we had ever seen in the history of Bitcoin (at that time). During this 50% drop, total altcoin marketcap ALSO fell 50% in this same window, meaning alts took a hit on the way down with BTC as well. However, after $BTC hit 10k and saw a 50% deadcat bounce- altcoin marketcap didn't just bounce 50% back it literally went on to make new ATH's, going 3x off the lows and sending many alts up 5x, 10x or even more. So don't assume that this large correction means your "alts are dead". Bottomed out alts are still bottomed out, and this correction doesn't change that.

THIRD: While people may agree or disagree on what constitutes a "cycle top" or a "bear market, one thing pretty much everyone I think agrees on is that parabolic, blow off tops lead to the largest, most devastating corrections when they complete- and we did not get a blow off top in the current instance. Which means, this ensuing correction- while brutal, could have been significantly worse, and likely won't be nearly as bad as many are saying it will be (that is the fear, panic and emotions talking).

So, keep calm, don't panic, read the post below and watch my latest Youtube vid (pinned tweet) if you'd like to see some potential ways this correction may resolve (also tune in for Part 2 on alts which will be released soon) and let the market settle before jumping to conclusions/decisions that you may regret later.

44795

0

Part 1, which focuses specifically on Bitcoin should be live on my Youtube channel within the next 12 hours or so.

Part 2, which focuses exclusively on alts, should be live within the next 24 hours or so.

Thank you for your patience!

49639

0

Just completed 1.5 hours of video content for "Part 2" which focuses exclusively on alt coins.

In total, that's 3.5 hours of content I've just recorded for you all today, which will be shared, as always, for free here and on Youtube within the coming days.

All I ask for in return is your patience as my editing team works to make it presentable and your support when I release this content in the coming days.

Will keep you guys posted on the progress 🫡

49678

0

The answer is YES, a HTF accumulation bottom is a "universal" structure that can be applied to ANY market HOWEVER, when it comes to crypto you have to make sure you're looking at a chart with COMPLETE price history.

For example, if you look at the complete chart history of $QNT this is what you see:

1. First off, we don't have an accumulation base with a deviation and reclaim of range lows- so already this is not the same structure as something like $CRV.

2. When looking at complete price history we can see QNT went from $1.40 in 2020 to over $430+ at it's peak just 1 year later, an over 300x rally off of it's bottom already, just in the last 5 years. Compare this to something like CRV that is still AT that same bottom over the last 5 years, not 50x above it.

3. $QNT is still "digesting" its 400x move and currently forming a "neutral" consolidation structure, which could theoretically break either way, rather than a bullish accumulation base at macro range lows.

4. $QNT has HTF support in the green zone right now but you can see we've been testing it for essentially the entire consolidation. This is very reminiscent of $BTC at the 6-12k consolidation before our breakdown to 3k back in 2018.

If I had to analyze this chart, I would expect one of two of the paths below to play out- meaning, ultimately, I would not be too interested in QNT until/unless we hit $15 ish.

This is why it's important to make sure you are seeing complete price history of any given asset.

49677

0

Was asked about if the chart pattern on $XRP, Silver, and now $CRV is applicable to other fundamentally sound alts "that are in similar chartwise positions as CRV" too. The user below then suggested $QNT as an example.

42146

0

A small sample of what will be included in Part 2 (altcoins) of the vids I am working on right now.

The people that are saying $CRV is dead today are the same ones who would have said Silver was "dead" at $4.89 and XRP was "dead" at 50 cents.

They would have faded both at high timeframe, macro bottoms, before some of the most aggressive expansion phases we have seen in years on both respective assets.

After forming an accumulation base over 4 years in it's own HTF range, $XRP ran 6x to range highs in under a month.

$CRV now looks to be wrapping up the final phase of it's own 5.5 year long accumulation base. How long do you think it will take to hit it's own range highs?

47258

0