Lots and Lots of sideways priceaction and chop. A leading indicator turned bearish again. This means back to USD, a bit of $BTC and $PAXG (Gold). Gold looks very interesting in the charts, but also in our macro bearish narrative.
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The trend could be turning at this point. Several indicators show strength in this move up! I'll follow closely to see confirmation. If we go up from here, we are very early 🤘
That did not age well! the CPI numbers had a bearish effect on the short term for risky assets like BTC and ALTcoins. I do expect a relief bounce to the upside because the oscilators show the price is oversold and there is a big Fair Value Gap to the upside.
BTC is due to correct but its creeping up for days! What if max pain for bears that expect a correction, is up up up!
CPI numbers this afternoon could be a catalyser for such a thing. I think the outcome will be positive for risky assets like BTC and ALTcoins. Therefore we entered the market with the strongest altcoins and 20% BTC.
Also the 4H trend signals, are bullish. Lets see what happens!
Small update! I'm just really happy we are in $USDT and $USDC, whilst $BTC dropped. I expect some relief bounce, therefore i added some of the strongest ALTS. If $BTC hits the 20K level, I will re-assed to go back to $USDT or to increase alts. Let's find out and see what happens!
The overall trend is bearish, so no all-in yet!
The 1D Trend had changed from bullish to bearish. This means it's time to extra cautious and that the lower timefrime uptrend could finish very quickly. When going down, Alts would suffer much stronger compared to $BTC and $ETH.
As the same time, there is a bit more upside potential for $BTC and $ETH. Therefore I increased both and added some $USDT just to be sure. As soon as the oscilator (indicator) turns red on the 1D, I will increase $USDT.
Morning! After some time of choppy markets, its time to put our USDT in place.
I've added lots of $ETH because I expect the transition from POW to POS to have a very positive effect on its price.
Because a trend reversal seems to be in place and a strong impulsive move on $BTC confirmed it.
Will give you updates when things will change.