[Music] welcome to a new update it has been a week since I've been posting today we talk about the altcoins as this Market is currently consolidating at least most of the markets are consolidating some are doing great some specific altcoins have been running up like to has been doing great Runa has been doing great uh we're going to talk about the altcoin markets we're going to look at the overall landscape of the market and we're going to have an outlook for the upcoming week as well as I think that this week is granting up uh dips for altcoins and it feels uncertain whether or not we're going to continue having the downwards fall but there are arguments on the macroeconomic playing field why Bitcoin continues to run in the coming period which means that if Bitcoin even consolidates or goes flat um altcoins are still the play Because when Bitcoin volatility starts starts to increase that's when you want to swap towards Bitcoin instead of having altcoin specifically um and at this point we can see that altcoins are still continuing to do really well but before we continue make sure to hit the like button subscribe to this YouTube channel and also make sure to check out our other social media platforms where I'm posting content especially on X also going to do that on Instagram but on X I'm doing it a lot and there has not been an update for the past week as unfortunately like everybody I've had a uh I was ill for the past week which was called Corona a few years ago but now it's just being ill um and I was able to walk on the street and go into shops and stuff anyway um we've launched our consultancy program which is a uh portfolio program but also if you want to know more about trading or learn more about uh trading your own portfolio assistance on your portfolio guidance through the entire cycle so we've got packages for the entire year where we construct a portfolio for you and we uh assist you on that portfolio so you know without any fear how to trade the markets for the upcoming year and can generate a positive return while still having a relaxing life that's what we do within the packages of the consultancy um we have started with those since a few weeks our Target portfolios are running since the 1st of sep September um the low risk has been doing 31% the high risks has been doing uh plus 38% you could question why is that the case or why is the difference not that big well highrisk contains a little bit more of altcoins of course and some have been delayed as Bitcoin has been the core focus of the run for a long time so I think these percentages are going to be skewed at some point but anyway 38% if you are into high risk 31 into low risk and anything between for the medium risk portfolio since the 1 of September um and of course we update this on a weekly basis additionally we can do some hours with you as well I can talk to you too I do the packages I do the programs we've designed them with the team um and it's more or less like portfolio management/ Asset Management so if you are interested into that make sure to check the link in the description where you can find more information on this specific topic when we talk about about the markets I think um I'm going to give you an overview on the markets as a whole first of all we've got Bitcoin which um I have been updating the past week in which I said there is a pivotal resistance and the pivotal resistance is found at 38k right so what do we have at this point I think at this point we have a case where the markets are clearly into uptrend so we are making higher highs higher lows bull market is activated we buy the dips until proven otherwise and then there is the case that people are saying yes but 2020 but 2020 we had a bull cycle and the market started to Trend upwards and then Corona started to kick in in which we crash downwards even actually should it only been retesting 6K but he crash downwards to to vidmax and then we continue the upwards momentum I think the more valuable one is to look at the 2015 2016 case in which we are in such a consolidation prior towards another halfing or another preing breakout uh which has been taking place here so we're into this consolidation perhaps we somewhere here or what you could say out of it um and then we're going to have a preing breakout again or we got a spot ETF breakout so we are at that stage and I think we're at the stage for accumulation is largely over uh you're still going to have reaccumulation periods but if you want to be positioned to altcoins to have a 200 300 a you should already be in and that feel doesn't feel comfortable at this point we've seen with Bitcoin that we've run from 26k towards 38k um 38k is the next resistance Zone because that's the piff is where we started to crash in April of 2020 2 so we back towards that level in which during this period we had a support level you can also see it as resistance back in January 2021 resistance of this sideway structure in the correction during the summer and then we broke to the upside and then we rested on it for a little bit so this is a big one and given the fact that we're currently having the first two tests of this level it is not expected to break it in one go so um given that we've just been testing it and we've got a somehow bearish Divergence I think we're going to have a case of at least something like this where we cons solidate come back down um or we have something like this where we consolidate go sideways and then have another breakout uh before if the actual correction starts to take place so at this point I think we are Keen to have a breakout above 38k prf launch uh pre ETF approval but now we're in a window of a few weeks but there is no confirmation of an ETF hence why it takes a little bit longer to have more continuation but I think we cannot complain with the current strength of the markets when we looking at the rest I think the dollar is currently reversing Trend very clearly we have been uh taking the high here which I marked um rejected that level again and now we continue to fall down so if the dollar rejects here again or even here in this entire area I suspect that we continue the downwards fall especially with the FED stopping the uh interest rate hikes or likely because PPI came in as a negative number month to month it is very likely um that we're going to finish off here and we've got a bearish Divergence on the monthly for the 10year yields this month we've seen a drop from 4.9 to 4.4 um so I think that this is going to continue to fall and especially since we've got the data here where we can see that we've got a gigantic bearish Divergence on a weekly time frame for um the 2-year Y which peaked out here at October 2023 September 2023 but actually we've had the first real peak that was in October 2022 and then we just Consolidated so since then we basically remain flat if and I think the the uh size is relatively small but we've had two cases of uh a period of increased interest rates which was in 2017 2018 and which is now the last time we peaked was the bottom of the Bitcoin bare Market in 2018 this time we peaked basically um and we Consolidated after that we still had some sort of periods upwards but we also had this period so the these the heaviness of the Run um was over or the most impact has been done um and it marked the bottom again so if this starts to fall sou again which I think is very likely given the fact of the that the impact will be having into the economy and especially since this barers AED I think we are facing another argument that the Bitcoin bull cycle will start to take place so um gold is also still doing pretty much fine uh this weekly is very positive POS so that means to me that if Bitcoin is going to have some more consolidation as it is right now um I think it's just a matter of time before we start to break out now what are the overall markets doing total market cap at this point just consolidating so within an upwards Trend as you can see you've got periods of sideways action nothing bad I think we just continue to go especially if you look at the weekly time frame here is your first real resistance zone so we still have some period to go and we at 1.35 trillion and I think the next run is going to be either 1.8 or perhaps even 2.1 we're making higher lows higher highs the total two pretty much clearly the same it's facing the final resistance so at this point we might even have a further corrective move taking place uh as we're currently fighting this resistance point if that breaks you can suspect that altcoins are going to run all the way from 674 towards 1 trillion so basically if there is going to be a correction taking place on this chart which I use as a reference for my investments so if we have another correction of let's say 8 to 12% on most of the altcoins uh especially E I guess if that happens then and we get towards this level which I'm not sure what we get but if we get it that I should trigger to buy um what should you buy I think you should be buying into assets that are trending the heaviest or are the strongest and uh can yield the highest returns for yourself so uh things like injective Solana all those coins that have been running pretty well although right now we can see that the shift is towards some older old coins that are currently trending heavily too so at this point the total two is only on the edge of having the breakout you can compare this towards Bitcoin at 30k which broke through as well and then the acceleration started to take place so we're on the edge of having it I don't think we are going to have don't think that we're going to have that heavy that much of a correction but it shows you a lot total three basically the same view Bitcoin dominance is following the plan um perhaps we can still have some more upside when it comes to the Bitcoin dominance especially if the ETF of Bitcoin is going to get approved which has a short window of more upside on the Bitcoin dominance as everything is going to be focused on bitcoin and then the focus shifts towards e after that as e has a spot e uh ETF as well what am I interested in to buy at this point well we've got salana we've got injective but if you look at Aller altcoins at this stage for instance Avalanche those have started to run substantially too so what you're looking at is that you're looking at assets that are still in the range of no U of consolidation here and there are many um Avalanches having the first push and then it corrects and then the rotation games happens which also is currently the case for salana Solana has had a pretty heavy breakout and is currently consolidating because it consolidates people lose interest into the asset and the money goes from salana towards another one which is currently starting to run so you can see a lot of projects and even curve is one of them that has not been moving at all and you can see in the chart that there is no momentum at all on these yet and there are many of them that have not been running at all yet if you look at elor rent and I'm Curr looking at the Perpetual um Avalanche is already here in this resistance zone so if algorand is going to put up the actual game here you're going to look at a run towards 40 to 50 cents and there are many of them and I think you just need to scan those charts pick your coins buy them don't be afraid of a dip and just enjoy the ride because it will stay here for a little while I'll see you again on Tuesday ciao

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