Hello and good morning!
$BTC has not been making significant moves last week. Its price stays within the range of 33K - 35K dollar.
The steady price of $BTC made it possible for some ALTS to make big moves! Examples are $EGLD and $MTL.
Both of the above where in our portfolio and we took some nice profit of them. (fe. I just sold $EGLD after a nice 45% move up)
So let's proceed to the chart.
How does the chart look like today?
The chart looks bullish. Price is within range. I still expect BTC to correct a bit, before more upside.
Why do I think that?
Cloud is green
Price is above the green cloud
Price is above the red line
Lagging span (green line) is above the green cloud
Still above 70%, meaning BTC is "overbought"
The oscillator below the chart is still red, meaning correction is due.
What could be the Target?
Retest to at least 33,4K, but hopefully a bit deeper correction to 32K dollar and then up to +- 40K.
What does this mean for GRAZZP™ Strategy?
We traded some good alts last week and had a good performance, even with 40% of stable USDT coin in our strategy. If BTC retest, and it shows again signs of strength I'll add the last 40% to the strongest alts.
Could this be the start of the next bullrun? I surely hope so! 🙏