Market update - BTC looks like it wants to erase majority of the gains from the trump rally going into Q1. SP500 already did erase them gains, BTC hasn’t yet .
Bright side is market will have ample amount of time to consolidate after the rally has been reset . I will show a chart to show what kind of PA it’s most likely will be . Also, I think BTC.D will have the last spike above the 62% topping anywhere in 62-65% range . ETH might retest the consolidation pocket of low 2ks again correspondingly if we have a BTC retest below 80k .
Coming back to alts- yes, alts have had a massive sell off mostly owing to the meme coin frenzy , ai agents etc with retraces slightly higher than the previous bull market mid cycle corrections which is expected given the fact that this cycle has been about selective bidding .
TOTAL market cap chart looks like January 2021 where it consolidated above the broken prev high.
Market sentiment overview- Job market is pretty strong . Less chances of fed cutting rates meaning some short term pressure on crypto equities is abound especially with a strong dollar along side . Things can change very fast tho post trump swearing ceremony . A regime change is always a turmoil in market although short lived . Overall, there is already some fear mongering from FED and analysts about economic conditions being very close to previous recession periods .
My opinion on the current situation is - this is simply the trump rally getting a bit of reset and the bull market is far from being over . Hedge funds haven’t had the time to position into crypto yet and there is still a lot of cash sitting on sidelines. Liquidity has started improving in January which means it will get reflected on crypto and equities with a lag of a month or two give or take . No need to panic unnecessarily unless there is some very obvious ominous signs . Patience is your key for wealth growth . The fittest and most willing will survive which is 1% of investors / traders . It is up to you now if you wanna be in the 1% or get left out on sidelines capitulating at every correction.
Bright side is market will have ample amount of time to consolidate after the rally has been reset . I will show a chart to show what kind of PA it’s most likely will be . Also, I think BTC.D will have the last spike above the 62% topping anywhere in 62-65% range . ETH might retest the consolidation pocket of low 2ks again correspondingly if we have a BTC retest below 80k .
Coming back to alts- yes, alts have had a massive sell off mostly owing to the meme coin frenzy , ai agents etc with retraces slightly higher than the previous bull market mid cycle corrections which is expected given the fact that this cycle has been about selective bidding .
TOTAL market cap chart looks like January 2021 where it consolidated above the broken prev high.
Market sentiment overview- Job market is pretty strong . Less chances of fed cutting rates meaning some short term pressure on crypto equities is abound especially with a strong dollar along side . Things can change very fast tho post trump swearing ceremony . A regime change is always a turmoil in market although short lived . Overall, there is already some fear mongering from FED and analysts about economic conditions being very close to previous recession periods .
My opinion on the current situation is - this is simply the trump rally getting a bit of reset and the bull market is far from being over . Hedge funds haven’t had the time to position into crypto yet and there is still a lot of cash sitting on sidelines. Liquidity has started improving in January which means it will get reflected on crypto and equities with a lag of a month or two give or take . No need to panic unnecessarily unless there is some very obvious ominous signs . Patience is your key for wealth growth . The fittest and most willing will survive which is 1% of investors / traders . It is up to you now if you wanna be in the 1% or get left out on sidelines capitulating at every correction.
Expecting this kind of PA . September 2020 . Price consolidated for a substantial period broke out and then almost reset the pump, consolidated thereafter and then the actual move started . We are in the reset phase right now .
I think everybody expecting this kind of consolidation . But I won’t think we have something like this .
Thing is as we approach the end of the bull market , consolidations take less and less time ( due to euphoria setting in ) . Also on this leg up , dominance should top anywhere in the 62-65% levels and once that happens, we will see explosive moves on alts and ETH
ETH / BTC hovering around the 0.03 level which is either bottomed out or very very close to bottoming . Nevertheless view stays the same .
Thing is as we approach the end of the bull market , consolidations take less and less time ( due to euphoria setting in ) . Also on this leg up , dominance should top anywhere in the 62-65% levels and once that happens, we will see explosive moves on alts and ETH
ETH / BTC hovering around the 0.03 level which is either bottomed out or very very close to bottoming . Nevertheless view stays the same .
Crypto Swings®
260-270B is the final target for alts where i will be massively scaling in if we get it
We have hit the projected correction target on OTHERS here around 270ish as I mentioned few days back . A week or two of basing out and we should have the much anticipated big move on alts . If however , we don’t hold here , we could be in big trouble . I am placing my bets with the former scenario . Fingers crossed .
Crypto Swings®
I think everybody expecting this kind of consolidation . But I won’t think we have something like this . Thing is as we approach the end of the bull market , consolidations take less and less time ( due to euphoria setting in ) . Also on this leg up , dominance…
We have had a flush move overnight . Dominance has hit 64.32% . 2B$ in liquidations . This looks like FTX level chaos. Best thing is wait a bit till the tariff wars settle or there is some form of negotiation between the concerned parties .
Remember this could still end up as a big monthly wick
Remember this could still end up as a big monthly wick
Tomorrow is full moon . Shits about to break lose most likely