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PBoC printed harder this past week than any week since March 2020.
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#WLD is still around buy zone
Still can buy it.
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Bitcoin's price is now above the mid-point of the monthly Bollinger Band.
Historically, this has been the beginning of a move to the top of the upper Bollinger Band
The current top monthly Bollinger Band is $40K
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Is that target too humble ?
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BTC remains sideway arround 27k5
BTC dominance goes up
That's why we witnessed alts got suffered in this week.
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My theory is CME traders don't want to BTC to go up due to the bearishness of macro context but It is also failed to push price to go lower 27k while stock & gold market is dumping hard.
So there is a room for crypto bulls at weekend.
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When CME & Wall Street are off, It is time for btc bulls
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This might cause a chaos
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Update
close #BTC
Close #SOL
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Altcoins in depression mode in these days.
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Both of circles are different situations
One is distribution
Other is accumulation
Discuss
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Market maker of many alts just turned off their equipments because of the fluctuation of BTC even in weekend.
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When btc leads the trend, I think There are only few that can outperform btc.
They are not old coins
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Justin Sun ruined the bear legendary triangle at past.
Just Guess CZ will do the same
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It is not the matter of price, It is the matter of timing.
BTC bulls should finish in range 23th-27th this month.
Min 35k5.
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It is not easy to take a coin that can outperform BTC when BTC started a bullrun.
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It seems weekend started from Friday
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Sorry for flip flop recently but it is not new It is a part of game
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A big movement should come at lately weekend or early new weekly.
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Whales are switching ETH to BTC.
Same as other alts.
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Describe the current correlation between BTC & Alts in a gif ?
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Distribution stage will end at a big drop movement
Accumulation stage will end at a big pump movement
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when It is not going quickly as you expected.
- Be calm
- review again your risk management (Lev & size position)
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