Polaris_xbt

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$BTC Dominance
We are in the boring phase much like in 2019.
At the start of a new cycle we can expect initial BTC outperformance followed by a huge nuke in btc dominance.
Even in theory dominance can't go much higher than 70% so with that in mind it just doesn't make sense to go heavy into BTC in the new cycle.
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BTC+0.10%
$AVAX
Second attempt at range reclaim failed.
If we lose $7 we likely get insane spot buy opportunity around $5.
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AVAX-1.01%
$XRP
HTF log trendline is broken.
Locally we have a significant level reclaim.
Good RR here for swing longs, and probably for some spot buys.
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XRP+0.71%
If anything drags $BTC down later this year, it's the stock market.
▫️ This time of year, especially near the top of the macro log trendline, SPX tends to correct
▫️ This drop could run deeper than the last two - enough to actually bring fear back into markets
▫️ If it plays out, it hands crypto its final buying opportunity
The scariest dip is usually the last one before the real move.
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BTC+0.10%
SPX+0.79%
$IMX
Good level to bid.
Or has this drop changed your opinion on altcoins...
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IMX+1.53%
Altcoins are in a massive range
Last cycle it took 500 days before we finally broke out of the bottoming range.
If we don't pick up the pace soon I think we will get another buying opportunity, most likely a higher low in the coming months.
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Stablecoin dominance is at huge support.
We likely bounce from here soon.
It makes sense to derisk a bit here if you are in from the bottom.
One can wait for 3 day bull divs for confirmation but those do not always appear.
$LINK
Ideally we LINK should not spend lot of time below 11.
At most 1-2 days and than snap back up.
If we start having multiple daily closes below 11 the target is double bottom at around 7
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$ETH
We might have only one more decent chance to load up on ETH later this year.
Afterwards I think it is pretty much lock out mode and the masses will start piling in.
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ETH-0.77%
Altcoins
No resistance above...
Monthly MACD curving up...
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$INJ
Looks insane on BTC pair.
Monthly level reclaim with a huge bounce on retest.
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INJ+5.20%
BTC+0.10%
bitcoin:native
In an ideal scenario we get 70k retest before going higher.
In a not so ideal scenario we buy the reclaim of monthly level above 82k
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BTC+0.10%
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$FET
Sitting at the final support against BTC.
This is a great spot accumulation zone imho.
Once it starts outperforming it will be hard to catch.
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FET0.00%
BTC+0.10%
$BTC and Altcoins
For the first time in God knows how long we have the classic altseason behaviour.
BTC is stalling and altcoins are pumping.
This is the place where usually the most gains are made... but also signifies that the end to this move is coming soon.
The so called no sleep zone - where you have to be hyper aggressive and hyper protective as there is an OI flush waiting around the corner at any moment.
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BTC+0.15%
$AVAX
Looks very good on both USDT and BTC pairs.
Nice swing setup imho.
AVAX-1.01%
BTC+0.10%
$DOGE
We might be forming the first higher low of this cycle for DOGE.
Last cycle buying at a similar level gave you 6x.
This time I don't think it will be much different.
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DOGE+0.70%
When this trendline breaks...
All the "gains" from altcoins last cycle will look almost funny in hindsight. We never actually had a real altseason.
🔸 The setup forming on the higher timeframe tells a different story this time
🔸 It looks like this ENTIRE cycle could end up being THE ALTSEASON
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