BTC has been leading the bull market recently, touching ATH’s that hasn’t been reached in months. Although i do see a retest to the $52k area then it might get choppy for a while before going back to $60k+. That’s if it doesn’t wick down to $48k before pumping
$BNB has been resisting the 380+ area for a couple of days now. Most alts have been choppy and ranging from one point to another, not good for a buy IMO. Although i do think we might be past the bearish phase if BTC breaks 44k.
LUNA dropped to a record setting low in the past 21 days with $22. As a result of the market correction but it wasted no time setting back up in which most people longed. IMO $LUNA's next leg should be $36+ which is the current resistance, should break it IMO. There's still a lot to expect from $LUNA.
ETH has so far been the strongest alt for the past few months and it’s gone parabolic. broke all resistance, looking absolutely incredible. gas is pricing out retail tho. and if you’re thinking about shorting $ETH, wait until the mid 4000’s(mine’s 4300+) IMO.
I think $ETH pulls the entire market up. The way this bullishly accumulated recently makes me think we see a push up to $4k sooner or later. While $BTC always dictates macro altcoin price action, this could be a situation where $ETH/USDT is the one to watch in the short term.
$DODO hit support in the 1W time frame is it time for a rebound/breakout? this coin has been really strong for the past few weeks and it’s going past recovery phase. I personally think this will get sent in a few days time, it’s still ALT szn so there’s a lot to expect from $DODO.
Thinking that altcoins are going to pull the entire market up, maybe $ETH and $SOL lead this. $BTC likely to keep ranging for a bit (ultimately think we see $55k+ reaction there)
My plan is to let all ALT’s run for a bit longer and then sell into $BTC-watch BTC run- rebuy in december.
Layer 1 season it seems. As others have said, we’re seeing a lot of rotation of capital from L1 to L1. Why does this happen? i.e $SOL-$LUNA-$AVAX-$FTM
-Better opportunities on new DeFi protocols (better APY)
-$ incentives (300M for FTM)
-being earlier=better upside
P.S updating this idea sooner or later.
$ADA(cardano) continues to consolidate beneath ATH and under $3.
break and flip $2.94 it will get sent. Just a matter of time.
expecting september to be a big month for cardano leading up to the launch of smart contracts.
$LUNA: This and Solana have taken turns being a leader. If i were going to be on my computer the next few days i would long around here- considering SOL just clearly smashed ATH’s i think this follows.
Seeing these two leaders continue(to me)
-Altcoins still have a little juice left in the tank
-i think alt/btc should be ok for a little while longer...
Many Altcoins did a 2-4x from the bottom over the course of a month. I think the time for them to cool off is coming up and i’m expecting a few weeks/months of consolidation for many. ALT/BTC pairs probably going to suffer if $BTC runs hard. Expecting charts to look like $SNX 2020.
Good Day fam!
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Gold Hovers Above $1800 as Investors Await Powell’s Speech on Friday
August 26, 2021
Since traders and investors are waiting to hear from the Federal Reserve Chairman Jerome Powell on Friday, this will be the fundamental event that dictates gold’s future direction.
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