GRAZZP™️

Hi there and hello! 

I can be really short this week.

$BTC is grinding within a range and price did not make any significant moves. The analyses and outlook has not changed. 

What could be the Target?

Retest to at least 33,4K, but hopefully a bit deeper to 32K dollar and then up to +- 40K. 

What does this mean for GRAZZP™ Strategy?

Our share of BTC is high compared to ALTS. The reason is that it could easily tick 40K and then go down steeply. In that case I rather have the "more stable" BTC then loosing big times in ALTS. 

Lets see what happens next week!

Hello and good evening! 

This weeks update is very similar to last weeks.

I wrote that "When $BTC is stable, without any significant moves, ALTS usually get spikey." 

That's exactly what happened with 2 of our ALTS within the GRAZZP portfolio. They outperformed the market very well: $SKL +42% and $SNX +21%. I just sold them and bought more BTC, just to make sure we are not giving it back to the market. 

let's proceed to the 1D BTC chart. 

How does the chart look like today?

The chart looks bullish. Price did correct a bit, and is moving to the red box. I still expect BTC to correct a bit more, before hitting the red box. 

Why do I think that?

Ichimoku;

Cloud is green

Price is above the green cloud

Price is above the red line

Lagging span (green line) is above the green cloud 

RSI;

Just below 70% and it did not pass the 50% level yet. Its now not really "overbought", but the needed correction before giving it a strong next push, did not happen yet. 

What could be the Target?

Because of the small correction i changed the Elliott Wave count and placed the green 4th leg just below 34.800 dollar.

Preferably i would like to see a retest to at least 33,4K, but hopefully a bit deeper to 32K dollar and then up to +- 40K. 

What does this mean for GRAZZP™ Strategy?

We stepped fully into ALTS last week, because $BTC was stable and ALTS looked prime to pump. Now i can't find any clear ALT Longs. $BTC is still looking very strong nevertheless, therefore I increased $BTC.

As you know, I'm always keeping an eye on $BTC. If it shows weakness, or hits the red box, I will sell most ALTS to take profit and try to buy back cheaper.  

When $BTC is stabile (meaning without any significant moves), ALTS thrive and usually get spikey.

This is exactly what we have seen last week. On the daily it looks like $BTC is slowly but surely moving to the red box. At the same time most ALTS pumped, then did a significant correction last Thursday, and are now back to their previous price levels or higher.

This is very bullish behavior. 

Such kinds of fast but deep corrections are often called "the last kiss goodbyes".

Let's proceed to the 1D $BTC chart. 

How does the chart look like today?

The chart looks bullish. Pric is moving to the red box. I still expect BTC to correct a bit, before hitting the red box. 

Why do I think that?

Ichimoku;

Cloud is green

Price is above the green cloud

Price is above the red line

Lagging span (green line) is above the green cloud 

RSI;

Still above 70%, meaning BTC is "overbought" 

What could be the Target?

Same as last week. Retest to at least 33,4K, but hopefully a bit deeper to 32K dollar and then up to +- 40K. 

What does this mean for GRAZZP™ Strategy?

We stepped fully into ALTS last week, because BTC was stable and ALTS looked primed to pump.

I'm keeping a close eye on BTC. If it shows weakness, or hits the red box, I will sell some or most ALTS to take profit and try to buy back cheaper.

Lets see how it develops!

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?

Ichimoku;

Cloud is green

Price is above the green cloud

Price is above the red line

Lagging span (green line) is above the green cloud 

RSI;

Still above 70%, meaning BTC is "overbought" 

FSVZO;

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! 🙏

And there you go!

$BTC 's Ichimoku cloud has become green and BTC seems to be in full bull mode. Therefore I changed my bias to bullish and changed the Elliott Wave count accordingly. 

I do think its not all party yet! Before I fully change my bias to full bull, I also want to see a retest of the pink 31,800 dollar line. 

How does the chart look like today?

Price looks a bit exhausted, meaning I expect a correction, perhaps even to the 31,800 dollar level. Therefore I'm not full in alts yet. 

Why do I think that?

Ichimoku;

Full bull. Very nice! 

Elliott Wave;

The 3rd leg could be well finished.

FSVZO;

The oscillator with red dot and the xxx on the bottom of the charts indicated the bulls could be done buying for now. 

What could be the Target?

Retest to 32K dollar and then up to +- 40K. 

What does this mean for GRAZZP™ Strategy?

Last week I added some alts and reduced the stable USDT coin to 40%. If BTC retest, and it shows signs of strength I'll add the last 40% to the strongest alts. 

If it goes full bull without retesting, we are partly in!

If it goes full bear, at least we can buy cheaper lower.