ALTCOINS Currently testing a major support. 5th wave of C i | itsraja103 on Binance Square

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ALTCOINS
Currently testing a major support. 5th wave of C is missing, and the main resistance hasn't been reached yet. Also most altcoins look like they want a last high, that's why I have some exposure to alts.
Last leg up, then full reversal to new lows.

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UNI update Target reached. I sold a bit early but no regrets, profit is profit. I'm happy for those that held during the entire move, congratulations. Now it's at the target/resistance and should reject, especially because the entire market looks weak.

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The fact that the movement from the local low has had so much interaction with this Fibonacci channel, that wave C is exactly 1:1 with A, and that the movement has been primarily caused by stablecoin mints plus FOMO due to ETFs and the halving, confirms that this movement is corrective and not impulsive, and that it should be followed by a continuation of 2022. This continuation should be shorter in time, but more aggressive in terms of price/time ratio.

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Current plan: -BTC dumps to 45k, altcoins dump 10-15%. -BTC bounces from 44k-45k to form a lower high around 47k-50k. In the meantime, altcoins bounce harder and go for the last high, forming a divergence with BTC (low caps could keep giving good returns) -The entire market reverses and dumps hard.

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GM Bitcoin is going a bit higher than the 50k resistance level, taking liquidity above it. Back below 50k, and this would be a clear deviation (likely) Altcoins keep moving up which is good. The divergence with BTC hasn't been formed yet, but it should happen soon, when BTC starts making lower highs. Keeping the 30%-40% exposure

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$BTC update I was bullish short-term from $40k because there were possibilities of reaching $50k. It just got hit. Now what? I'm expecting a rejection of $BTC from the $50k level while alts keep pumping more, forming a divergence. After that, the entire market should reverse

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