Month: April 2022

The fact that volatility is likely to ramp up again as we head towards the end of this 60-day cycle, means you should not expect any big counter trend move at-least for now.

So we're again in one of these Chopping environments (correction mode) where the moves are in shorter duration bursts/declines. If you're playing with leverage, be aware of this fact. This is not one of those great trading environment. Fewer actions are the best at the moment.

The crypto market is still in a correction mode, with BTC largely stuck in the range of $39.5k and $41.3k in the last 48 hours. Bitcoin is holding up relatively well from dropping significantly; a development that puts the bulls in a favorable position.

Altseason will take a little longer than expected but looking bullish. Bitcoin dominance BTC.D bearish. The overall sentiment on a short-term is bearish. BTC needs to break back above both the 50 WMA & HMA Band following this current dip & find support. This could be a big task. Macro mid term outlook is unchanged.

I’d like to mention some notes about Altseason, which we are in now. And will be possible in about 1-2 months. Just check thes great developments: BTC.D is falling and USDT.D is Falling too as well es TOTAL 3 is trending up and making golden cross on MACD.

The slight pullback from BTC and ETH in the last 48 hours was normal and not something to panic. Much expected after such a nice initial run. BTC is a highly volatile asset; if it can go for a lower $37k just fifteen days ago and rallied 28% high, then such a pullback should be expected.