Bears shouldn't get excited yet

If you are following me you know that I had a bearish anxiety attack last week about ETH. I turned back bullish pretty quickly.

Right now Bitcoin is injecting some fear to the market while ETH shows strength on BTC pair. This reminds me the old days.

I don't think BTC macro top is in although it might go as low as 39k which would be nothing to hurt ETH. I believe ETH has invalidated the bearish case. 3300-3500 is my target.

The coming months until summer might be the most euphoric phase of this rally. A.k.a alt season.

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A test to 2300s next week is on the cards. I bet it would scare out many. Most scared even right now. The current sentiment is not the type of sentiment that marks macro tops.

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I have no option but seeing ETH chart like this since we are clearly trending above the macro range.

We can talk about macro bearishness if it goes back below 2100. It's that simple.

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I flipped bullish on BTC pair because of this. I never trade against parabolic trend breakouts. It's just my experience.

Here is a recent example. I know it's completely different context but.. I just expect more.

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Actually similar shit here. That was more aggressive in price. But much shorter in time. So idk it's possible imo.

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So basically in my view a terrifying trend that lasted for *years* is just broken. What am I supposed to do except turning bullish?

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I still have no ETH position. Watching reaction to 2300s. I can buy higher if it's strong enough.

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Defend this bulls. Save the market.

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BTC reached my target (39.5k). ETH as well. If they hold for a few days, this is a good signal. Real bottoms don't require you to rush.

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You might think it's crazy but I stay positive for short/mid term crypto. It's crazy to see how quickly the sentiment changes. It's about the nature of this rally. This is not the macro top. I seriously doubt it can even go another 10% down.

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This is the most important chart. Hold 2100. Hold this. Perfect preparation for crazy things.

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Who wants to be in the same team with Jim Cramer this time? Not me.

Trade active

Started buying here. I'll buy more as I get more confident.

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Yeah BTC pair looks failed for now. We'll have a much better picture next week. Maybe BTC goes first idk.

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This is an important level anyway. Imo it doesn't make sense to turn bearish on BTC pair yet.

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Again, doubt on BTC pair. Dollar pair is totally fine. For now.

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Not all deviations are equal. This would be a good example. I still expect and hope to see something like this.

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This is getting ridiculous :D

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Dew it ETH. Lead.

mitsandwits

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mitsandwits