AltCoins: DCA Season had Begun. Peak of Bull maket this 2025
Multi Timeframe Analysis
First Republic collapsed - the latest in a string of notorious bank failures. The economy is breaking and it is highly unlikely the FED will continue raising rates beyond 50 BP. Yes. The FED will attempt to save the banks.
We expect a 25BP in two days to be announced during the May FOMC
BTC will thereafter continue to range at this area, potentially revisit 20,828 then steadily go up to 32k then 46k. The previous ATH of 67k could be broken by 2025.
What next: DCA season had begun. We see that the window to DCA into your top projects commences this June and could end by Jan 2024 where prices would already be too high.
Mid 2024, commence dollar cost averaging OUT of your position by taking off your initial investment.
By 2025, you should have seen a 20 to 30X from good projects invested from now till Dec 2023.
Further pointers:
1. Bearish order block at 46k. Order blocks are magnets for price
2. Weekly and monthly RSI over 50. Bulls have control.
3. MFI , Prem Stoch and TDI signify bullish momentum
4. Bullish buttefly harmonic pattern on the weekly chart. If price drops below 13k, the bullish thesis is invalidated.
Await a confluence signifying a rejection from key levels such as order blocks and harmonic entries, then take a satisfying counter position. From this juncture, we update the next forecast.
Remember: life often disrespects charts so trade with caution
Our preferred investments for 2023 to 2025
QNT
HBAR
NEAR
AVAX
ARWEAVE
DOT
UNISWAP
GRT
AGIX
FET
GALA
PYR
VAI
KAS
CGPT
XEN
RNDR
ATOM
EWT
ALGO
MATIC
CRV
We do not recommend shitcoins or memecoins
------
Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do you long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For Institutional ORDER BLOCK trades:
When price reaches a bearish or bullish orderblock, ascertain the price reversal by means of
1. Dojis
2. Morning/evening stars
3. Several wicks.
4. Engulfing candles or three white soldiers in the opposite direction
5. Marbouzou in the opposite direction.
6. Break of trendline or fast EMAs
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
Divergences:
The 4H, 8H and 12H chart can reveal hidden divergences on the RSI , MACD , Money Flow Index, CMFI, On Balance Volume and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an RSI divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow ( COT data).
In partnership with capital markets research group Plazo Sullivan Roche Capital of Mahe, Seychelles. Do your own research.
First Republic collapsed - the latest in a string of notorious bank failures. The economy is breaking and it is highly unlikely the FED will continue raising rates beyond 50 BP. Yes. The FED will attempt to save the banks.
We expect a 25BP in two days to be announced during the May FOMC
BTC will thereafter continue to range at this area, potentially revisit 20,828 then steadily go up to 32k then 46k. The previous ATH of 67k could be broken by 2025.
What next: DCA season had begun. We see that the window to DCA into your top projects commences this June and could end by Jan 2024 where prices would already be too high.
Mid 2024, commence dollar cost averaging OUT of your position by taking off your initial investment.
By 2025, you should have seen a 20 to 30X from good projects invested from now till Dec 2023.
Further pointers:
1. Bearish order block at 46k. Order blocks are magnets for price
2. Weekly and monthly RSI over 50. Bulls have control.
3. MFI , Prem Stoch and TDI signify bullish momentum
4. Bullish buttefly harmonic pattern on the weekly chart. If price drops below 13k, the bullish thesis is invalidated.
Await a confluence signifying a rejection from key levels such as order blocks and harmonic entries, then take a satisfying counter position. From this juncture, we update the next forecast.
Remember: life often disrespects charts so trade with caution
Our preferred investments for 2023 to 2025
QNT
HBAR
NEAR
AVAX
ARWEAVE
DOT
UNISWAP
GRT
AGIX
FET
GALA
PYR
VAI
KAS
CGPT
XEN
RNDR
ATOM
EWT
ALGO
MATIC
CRV
We do not recommend shitcoins or memecoins
------
Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
-=ENTRY RULES=-
Trading philosophy: Don’t short at the lowest of the bearish momentum nor do you long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe
For Institutional ORDER BLOCK trades:
When price reaches a bearish or bullish orderblock, ascertain the price reversal by means of
1. Dojis
2. Morning/evening stars
3. Several wicks.
4. Engulfing candles or three white soldiers in the opposite direction
5. Marbouzou in the opposite direction.
6. Break of trendline or fast EMAs
For SHORT:
4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line
For LONG:
4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line
Divergences:
The 4H, 8H and 12H chart can reveal hidden divergences on the RSI , MACD , Money Flow Index, CMFI, On Balance Volume and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an RSI divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
About me
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow ( COT data).
In partnership with capital markets research group Plazo Sullivan Roche Capital of Mahe, Seychelles. Do your own research.