Hey, guys. How are you all? Hope you all are enjoying the market show. Market is following exactly as I shared my last update. Now what's next?
BTC.D : It has dumped from the major Fibonacci resistance level (check 1st screenshot) & now finally it has broken the trendline that has been holding since September, 2022. That’s very very bullish for alts. However, key level here is 60.56% level which must be broken in order to start a mini altseason. I'm expecting BTC.D to hit sub 58% level if it’s broken.
BTC : I showed you PO3 formation and till you it’s intact. BTC has left the manipulation box (check 2nd screenshot) and now has entered the distribution box. So, no need to be afraid here till the box holds. Target will be $125k.
$ETH : I gave you a yellow box to buy ETH & that was the bottom for ETH. Then, I gave you a path (check 3rd screenshot) on ETH & it’s almost touched. Those red boxes below must be filled. So, I'll be very very cautious here on ETH. I am expecting a range here on ETH so that money rotate from ETH to alts.
TOTAL3 : It's still lagging. I wanted a double bottom but it pumped without a double bottom. I will accept it. This index is on a bull flag (check 4th screenshot) & currently on the upper resistance of the parallel channel. If it’s broken & becomes a support, I will go all in on alts. Otherwise, I will go all in on my yellow box, whichever comes first.
So, all in all, I think a mini altseason is near. I will wait till Monday (since weekend is here) or after the breakout of the channel (since we're on resistance). Till then, patience.
