MO ON Strategy

BTC moving - looks like a confirmed break out of an inverse head and neck which is a bullish sign. On the background of global banking instability it seems clearer by the day that the narrative for bitcoin is changing to one of a store of value. Two possible scenarios here are Btc steam rollers up and drains all the alts as everyone changes up to Btc or we get a pause around 29k mark which allows some decent alt gains as we see the rest of the crypto market catch up. It’s not clear which scenario will play out but overall this move is very positive for the crypto market.

Markets waiting for Btc to make a clear break. Always difficult to predict whats going to happen here with btc. Could easily moon past 23.8k but markets can get dumped on also. Seems like genuine buying pressure given the volumes. Near and Ada look like the best value cryptos to Btc at the moment so have moved into these with the intention to be patient.

Appears Btc breaking out upwards. Hopefully a continuation of the upwards move. Some decent gains to be had on Mana, Avax and Ftm if so.

Bitcoin looks tired here so stepping out until things look clearer. Occasionally you get a pump that defies the technicals but hard to predict. I'd say probability of down is higher than an unexpected pump up.

Cautiously optimistic with this move that the bottom has been confirmed. Will still have some big crypto cutbacks as these big moves up are not sustainable - May see the first on when Btc hits around 21.5k. None-the-less the long term trend technically is looking positive from here.