BTC and Alts Update

This is something to consider post-halving + geo-political risks.

BTC is at crucial support right now, at daily Range Lows. If this support is lost, miners will capitulate below $60K and the price might form another range towards the $54K area.

Alts will have another leg down (negative 10-20%).

When to long BTC and Alts, if either $64K is reclaimed (mid-Range) or accumulation box in case we have another leg down.

If BTC goes into the accumulation box, Alts will bleed and once BTC forms another range, Alts will be a long trade from there.

Happy trading.

#Write2Earn

1st In 2012 bull run was started 48 days after Halving.
2nd In 2016 bull run was started 259 days after Halving.
3rd In 2020 bull run was started 149 days after Halving.
The halving of 2024 is near . the expected date
of 2024 halving is 19 april.
Be Prepared your self, do your own research and then invest.

#Write2Earn

One of my fav Altcoin pick: LTC

Potential: 1.5x - 2x (conservative)

Condition: S/R flip at 105 with good follow through

Catalyst and Fundamentals: Macro trend is bullish, Grayscale premium on LTC (LTCN) as it's a bluechip crypto and easier for an ETF filing later this year.

LTCN premium increases = demand for private placement increases = Grayscale buys spot LTC for the trust.

CFTC also reiterated that LTC is a commodity during a KuCoin case, that makes it a perfect bluechip crypto to issue an ETF for.

Grayscale has been selling BTC and adding more LTC due to an increased demand from the investors (charts in the comments).

Technicals: LTC has been stuck in a broader 2x range (BTR) since 2023, which is a perfect sign of accumulation happening. The more extended the BTR is (wrt time), the more powerful is the breakout.

Worst case: LTC falls back into the BTR (green rectangle) and the accumulation continues.

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ETH Update:

Recap: We were at Level B, I said range formation all the way to the Level A because ETH looks weak than BTC. It went well.

Future Outlook: Buying some ETH here at Level A.

If this Level A is reclaimed, we can continue ranging between A & B.

Save some of your stables for that green box and potential halving correction.

#Write2Earn

BTC Update

Recap: BTC was at Level B, I said I'll stack my bids (buy orders) towards Level A. It went according to the plan just within a day.

Future outlook: BTC range formation between Level A and B, a ping pong. However, if the range is broken, we can have a halving correction all the way to the 'green box' in the chart.

As I said in my previous post, I have stables waiting for the halving correction. If we get that, it'll be an awesome buy.

If we get to the green box in the chart, that area is where I'll comfortably add more Alts as part of my DCA bags.
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Happy trading and investing! 🙌