Small bounce but except $BNB , $BTC is outperforming all other alts. The trend is still $BTC dominance.

📈 #BITCOIN PODRÍA REPETIR LA ACCIÓN DEL PRECIO DEL VERANO DE 202

$BTC mantiene su importante nivel de soporte de $ 28k y mientras lo mantenga, estaremos a salvo. 

El año pasado, en Mayo, vimos la misma acción del precio de BTC y después de una larga consolidación de 62 días cerca del nivel de soporte, vimos un buen movimiento alcista 🆙

Podemos esperar la misma acción del precio este año también. 

Si la historia se repite, veremos una consolidación del precio aquí hasta la primera semana de Julio. 

Después de eso tendremos un buen movimiento alcista. Así que no vendas tus Bitcoins a las ballenas 🐳 

❗️Acumula BTC e indéxate a nuestras estrategias en ICONOMI.

* Nivel de invalidación: cualquier vela de 2 días que cierre por debajo de $ 28k invalidará este gráfico.

———

Crypto Capital ©️

1/6

Morning update:

Bitcoin continues to trade sideways while the stock market took another hit and is very close to making new lows. If you ask me, Bitcoin is holding extremely well compared to stocks and this is probably due to the fact that long-term holders keep accumulating $BTC

2/6

Looking at the Bitcoin chart, we are still waiting for a confirmed reversal on a 4-hour chart so it's hard to make any calls at the moment. For now, I’m staying 50% out of the market. $BTC

3/6

That being said, we are seeing quite a few positive signs when it comes to Bitcoin. First of all, Mayer multiple entered the buy zone $BTC

4/6

In terms of the price action, Asian hours are stronger than US hours. As you can see from the chart, this trend usually shifts near the bottom $BTC

5/6

Fear and Greed Index is in Extreme Fear for almost a month, this is something we have not seen in a long time and could also market the bottom of the correction

In my opinion, the bottom is in or very near  $BTC

Our hedges are playing out nicely so far. It will allow us to buy potential new altblood, but not yet.

Traditional markets had a very bad sell-off and the cryptomarkets surprisingly showed some relative strength. With such a big drop in the Nasdaq I would have expected alts to fall further than they did.

We'll stay mainly in $BTC and $ETH for now.

RESEARCH & ANALYSIS (1/3)

Crypto markets have been in a downtrend for past 1 year, but May has been super bloody due to black swan event where a protocol big as 80B$ has collapsed.

The first thing i am mostly focusing on is the size of 5 biggest ecosystem by developer count. As you can see the biggest ecosystem in crypto is $ETH, 2nd is Polkadot, 3rd is $ATOM, 4th is $SOL & 5th is $BTC.

Size and interest of devs into a specific ecosystem is a good metric where you can see where next cycle will play out. Developers first need to build out WEB3 apps, UI's so retail users can start using them. Technology always moves in cycles.

Our main holding is $ATOM, the 3rd biggest ecosystem by developer count.

Also if we index the developer growth from starting point where first github commit took place, we can see $ATOM is 4h fastest growing ecosystem. Surely it's not growing with rapid speed as $SOL or $DOT, but it has a consistent growth over last few years, with no signs of stopping.

Why i think Cosmos is not growing with insane growth like Polkadot and Solana is because Cosmos devs do not care about marketing. They've taken an approach where they want to build out best foundations for future Devs & DeFi Apps.

In terms of ecosystem size $ATOM is the 2nd biggest ecosystem, right after $ETH. This approves our hypothesis that Devs follow the best tech and they build out DeFI, NFT, GameFI, services on top of it.

My thesis for multichain world & $ATOM is unchanged. Prices may be low, but i see this as an opportunity to stack undervalued assets.

RESEARCH & ANALYSIS (1/3)

Crypto markets have been in a downtrend for past 1 year, but May has been super bloody due to black swan event where a protocol big as 80B$ has collapsed.

The first thing i am mostly focusing on is the size of 5 biggest ecosystem by developer count. As you can see the biggest ecosystem in crypto is $ETH, 2nd is Polkadot, 3rd is $ATOM, 4th is $SOL & 5th is $BTC.

Size and interest of devs into a specific ecosystem is a good metric where you can see where next cycle will play out. Developers first need to build out WEB3 apps, UI's so retail users can start using them. Technology always moves in cycles.

Our main holding is $ATOM, the 3rd biggest ecosystem by developer count.

Also if we index the developer growth from starting point where first github commit took place, we can see $ATOM is 4h fastest growing ecosystem. Surely it's not growing with rapid speed as $SOL or $DOT, but it has a consistent growth over last few years, with no signs of stopping.

Why i think Cosmos is not growing with insane growth like Polkadot and Solana is because Cosmos devs do not care about marketing. They've taken an approach where they want to build out best foundations for future Devs & DeFi Apps.

In terms of ecosystem size $ATOM is the 2nd biggest ecosystem, right after $ETH. This approves our hypothesis that Devs follow the best tech and they build out DeFI, NFT, GameFI, services on top of it.

My thesis for multichain world & $ATOM is unchanged. Prices may be low, but i see this as an opportunity to stack undervalued assets.