$BTC and $ETH and $APE updates: I am still waiting for a break of 34k and 46k but I'm still cautiously bullish in the short term. Don't think this will go to all time high from here or anything but things are looking ok in the short term. #Bitcoin
https://t.co/KVn7NVK5hq
$APE: I got stopped out of this one and was wrong from my 12$ entries. I realistically think that the next area up for this one is $9ish. It's still likely overvalued but I felt that btc still looked ok and there would be follow up. Oh well, learned from this one.
IF #Altcoins pump significantly (mostly due to $BTC short term bottoming), you should derisk if you are overly exposed. I doubt this is going to be a full on alt szn where everything goes to ATH. Coins are likely to make lower highs. With that said...
Friday Market thoughts:
1/ ARKK, DBX, TSLA all outperforming BTC this week, won't last. Unstable spread. Uncertainty is abating on both the geopolitical end (h/t Kolanovic) and w/ the Fed who took the cold plunge and hiked
$SRM: Havent looked at this chart in a long time, nasty stuff. Good gains today but it's got a looooooooong way to go before recovery. FDV still seems crazy.
$APE: I dont know if there is any resistance until $28 tbh. Remember, the market can remain irrational longer than you can stay solvent. This will likely be a great short eventually, I wouldn't personally do it quite yet though.
$BTC: What do you think? Think that we'll get a pump in April? Lots of consolidation/chop right now w. no clear direction in the short term IMO- lower highs and higher lows. #Bitcoin
$RUNE: $8 hit, not sure whats next. Never got a $6 entry, if it breaks 8 and retests/I like 10 bucks as the next area up. One of the few alts that looks really solid- I still wouldnt buy here though. #RUNE
$SOL: Undecided if I think this is the bottom or not, short term bottom looks possible but I'm still waiting for 1 potential last shakeout. I think it's an ok idea to start scaling in around 80ish a little bit personally but there is no change in market structure yet. #Solana
$GMT: Love this project (I invested) and I use this app nearly every day. The chart itself looks fantastic; I think .63ish is the next area of interest w. fib extensions. @Stepnofficial is awesome IMO.
$BTC: I'm not doing anything until 34k or 46k gets broken. Huge compression here, big move is incoming IMO. Wouldn't be surprised to see a scam pump up. Lower highs and higher lows currently. #Bitcoin
$LUNA $ALGO $RUNE $KNC $GRT: I did an analysis on some of these coins. Some of them are decent shorts coming up, some of them are interesting longs. Mostly going to depend on $BTC IMO.
https://t.co/8RptFhP9D8