#Bitcoin $BTC 1W chart
As long as we stay above $49-52k (Key Level to Hold) thereโs nothing to worry about!
I think weโre currently in the Wave 4 which will take approximately the same amount of time as Wave 2
๐ Be ready for tedious consolidation/chop thoughout the Summer.
Key MAs to watch: EMA21 & MA50
When Wave 4 is done long your longs in anticipation of the Final Wave 5 ๐ ๐จโ๐
Face Melting #Altseason 3 is definitely coming! ๐ข ๐
And every day we're getting closer and closer to it
I think #TOTAL3 will reach $2.6-3.5T this cycle.
Whenever you feel depressed holding your $Alts just remember this chart
$KSM #KUSAMA Macro Chart
Q1 2023 pump looked convincing at first, but got completely faded in Q2
I still think this is a big Accumulation
I see #KSM forming an iH&S type of structure and weโre almost half way through. Since Iโm bearish on $BTC for the rest of the year, I believe $KSM will take a nosedive as well (below $15)
๐ฏ Target 1: $160-200
๐ Bull Market Top: $1,000
$DOT Macro update
Nice breakout & pullback right into the orange horizontal zone
I think this zone will hold as support. IMO it will take some time to form a base here before continuation to the upside ๐
Next major move should be towards the 0.236 Fib & 0.382 (Target 1) ๐ฏ
$EGLD #MultiversX Macro Update
Itโs been almost a year since I shared my #EGLD Macro chart. Nothing's changed. IMO everything below Resistance 1 is Accumulation
Weโre slowly approaching my Buy Zone $28-21 ๐๐
Iโm sure weโll dip into it this year, so I keep my stables ready.
Resistance 1: $60-70 (not a big deal)
Resistance 2: $130-160 (Target 1)
๐ฏ Target 2 - $270
๐ Bull Market Top/Ultimate Target - $870
$EGLD Macro update
Harsh rejection from the Resistance 1 ๐จ
This is a good dip to buy imo
Next major move should be towards the Targets 1 & 2 ๐ฏ
In less than 5 days, Bitcoin will become a harder asset than Gold.
Post-halving, Bitcoin's inflation rate will drop by half.
From 1.7% to 0.8%.
For the 1st time, Bitcoin will have a lesser inflation rate than Gold.
Few understand this.