Alpha Digital

The crypto market has seemed stagnant of late, but this is likely to alter soon, as, characteristically, a period of compression is often followed by expansion.

$BTC's trajectory is unclear. Still, my Strategy leans more towards a break in the upward direction. It's technicals seem promising, backed by an enduring narrative around currency volatility and debt, all favoring the digital currency.

Additionally, the imminent authorization of retail crypto trading in Hong Kong should fuel this bullish outlook.

Diving deeper into the technical analysis, BTC currently resides near the base of the regression channel, suggesting a potential advantageous entry point. It's been crossing above various EMAs and successfully surpassed the Laguerre Filter, a historical indicator of ensuing gains.

With Bitcoin's dominance still circling at two-year high levels, it fortifies my belief in BTC's potential for continued outperformance.

In these unpredictable market conditions, emphasizing the seemingly obvious bets might be the soundest Strategy.

Remember, a thorough understanding of market conditions and the specific technicals of the Strategy should drive the decision to commence or cease Copying a Crypto Strategy. Be sure to fully understand the implications before initiating or stopping copying a Crypto Strategy.

As always, this is my opinion and not financial advice.

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I am happy to share that I recently took a minor position.

I initiated a partial position at 29.2 and filled the rest at 27.5.

These entry points were carefully chosen based on key indicators, such as the daily 20 EMA, which has been unbroken until then since the beginning of the recent uptrend.

The second entry point was aligned with the daily 50 EMA, close to the bottom of the linear regression channel.

In my opinion, anything above 25k is an excellent opportunity, considering it surpasses the 9-month range.

As a Strategist, I will closely monitor the market and adapt the Strategy accordingly. I might consider adding to the position if we move above the 20 EMA or towards the 100/200 EMA.

However, if we break below these levels, I will not hesitate to cut the position to protect our assets.

Please note that the information provided in this post is not financial advice. I encourage you to conduct your own research and consult with a financial advisor before making any investment decisions.

As always, I am here to keep you informed about the Crypto Strategy and provide you with the best possible guidance.

Stay tuned for more updates, and have a relaxing Sunday!

Let's get an update out here, shall we?!

Bitcoin has been performing well, trading near the highs of its regression channel. Simultaneously, gold continues to edge higher, much to my delight.

Although staying on the sidelines while watching the market increase is challenging, I remain cautious about entering at this stage. I believe that entering here may not yield the best results due to potentially high volatility and, if traded cautiously, high trading costs.

I can't help but feel uneasy about the growing euphoria in the market. While it's natural for people to get excited when they see prices rising, such sentiment can sometimes lead to excessive risk-taking, which may not end well for ill-prepared people. If interpreted correctly, quite a bit of open interest appeared since the last advance from 28k, coupled with active buying. These positions might be forced to close/sell if the price stays around this level or moves lower.

Nevertheless, I am actively searching for attractive trades and setups. As a part of my Strategy, I am considering allocating a small percentage to select altcoins with solid fundamentals and good chart patterns. With BTC dominance currently at resistance levels, this could be an opportune moment for altcoins to gain some breathing room—or for Bitcoin to attract even more liquidity. Time will tell which scenario plays out.

If you have any more questions about this Strategy or my thoughts on the market, please ask me in the comments!

Cheers!

Please remember that this is not financial advice, and you should always research before making any investment decisions.

Quick thoughts: $BTC looks good, especially with Bitcoin dominance going up. Price action like this often marked the beginning of a new cycle. Still one has to consider that 28k is a resistance level and price is also at the top of the channel. Generally, as long as Bitcoin is this strong I wouldn't touch altcoins. I'm going to wait until after FOMC before considering any move. So far $PAXG has been a good bet, so I'm going to stick with it for now.