Posts from Strategists

ℹ️Bitcoin climbs back to $59,000 after Fed signals it’s unlikely to raise rates.

🔗LINK (CNBC)

💊Stack sats $BTC

The altcoin markets have been hard to read in this bull market so far. Alts seem to be entirely at the whim of quickly shifting narratives driven by crypto natives on social media.

This season's alt traders have a strong preference for the whimsical, making memes the strongest market segment by far. There seems to be little outside interest and readiness to do fundamental analysis on altcoins, leaving lots of good projects in the dust.

It's hard to tell whether this was just a characteristic of the early bull, or whether that's the reality that we'll be in from now on. Weird markets in weird times?

To acknowledge that we cannot really tell what the flavor of the day will be tomorrow, we are making our portfolio a bit more top heavy. Laying even more emphasis on $SOL , which has shown tremendous strength as a host for the market's meme-ishness. $SOL recently lost an important source of FUD, with the FTX estate getting locked up for 4 years.

We also added a homeopathic dose of $PEPE , simply to acknowledge that the times, they do be whimsical, whether we like it or not.

What a lovely thing to see. Coinbase Premium back in the green.

Adding $SEI here.

"$SEI is a blockchain specifically designed for trading, with a focus on speed, scalability, and security. Sei offers faster, more efficient transactions than many other platforms by using on-chain order books instead of automated market makers, setting it apart in the DeFi space."

It has been underperforming the last few months. I believe now it's time to reverse finally. It's a long term holding!

I see clear signs of $alts bottoming vs. $BTC, supported by bottoming $Total3/$BTC chart with full of divergences on 1W TF, as well as weak $BTC dominance.

$Alts are a place to be during next few months.

Another leg down for $BTC. Sentiment is quite bad at the moment. People calling for new lows. The truth is that nobody knows what will happen next. ETF outflows are quite big, yesterday we saw $563M in outflows. It seems people love buying green and selling red.

I see some people are investing little by little in the Stable WCI. Averaging down. I think this is a right approach. Why?

Don't know what will happen this time, but just for perspective. In 2021 we have seen for example $ROSE going up from 4c to 22c in less than 2 months. In the next 3 months it went down again to 5c. And what happened afterwards? It did 1000 % in 6 months.

Not claiming this will happen again. But alts and $BTC can go down significantly even in a bull market. We have managed to build a nice $LINK and $ROSE position.

Have a nice day! 😊

Cureently most of the tokens in the oversold area on the 24h RSI heatmap chart.

Yesterday was the first major outflow for Blackrock! Likely has to do with end of the quarter flows.

Yesterday’s ETF Flows came in at -$563.7M

$IBIT Saw -$36.9M in outflows.

$FBTC Saw -$191.1M in outflows.

$GBTC Saw -$167.4M in outflows.

Currently on a 6 day net outflow streak.

1/4

Morning update:

After flirting with the trackline, the price now closed two consecutive days well below it. Now comes the moment of truth, we need to bounce by the end of the week or things could get ugly🤔

2/4

As mentioned yesterday, the bottom is usually formed when new lows are made and everyone panics. Usually, this comes in combination with bad news and we got a lot of it over the past few days. CZ sentenced, FOMC meeting, and today the first BlackRock ETF outflows. This could either be a capitulation event or the start of something bigger. We will get the answer over the coming days but what is clear is that we have seen one of the biggest and sharpest price drawdowns over the past few years👀