Polaris_xbt

$ETH
Back at the range highs after massive deviation.
I am still in ETH short from 2600s but will cut it if we see a nice reclaim of 2500

$LINK
Good place to try some longs.
Ofc there is a chance we go lower but I prefer trying a long here and if it fails we get an even better buying opportunity around 8.00.

$ETH
Three day bear divs on RSI don't happen very often on this pair.
But when they do a major correction is around the corner.
I think we can expect weakness on eth in the coming weeks and possibly a 20% correction or even more against BTC

$ETH
If we close below 2465, the breakdown toward 2k can begin.
▫️ Wait for confirmation
▫️ If the setup presents itself, we short everything
As it stands now, as long as the local trendline holds, we can still push higher.

$TAO
Stuck in a tight range against BTC for 2 years.
If we retest the range low again that likely marks the best buying opportunity for the new cycle.

The most bullish scenario for altcoins would be one final spike on this chart later this year.
▫️ So far it's just been just a grind up
▫️ That final spike is what breaks people. It's what makes them give up on altcoins completely and dump the remaining dust into BTC
This is when the altseason starts...

$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.

$AVAX
Second attempt at range reclaim failed.
If we lose $7 we likely get insane spot buy opportunity around $5.

$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.

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.

$IMX
Good level to bid.
Or has this drop changed your opinion on altcoins...

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.

$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