Mhm. >> Hello everyone and welcome to another altcoin weekly update. I hope you're all doing very well. Please give me a quick sound confirmation. As always, I know the music was not playing but I had to manage something in the background so I didn't have the time to set up music. Um, anyways, so another altcoin stream. Let's see what we have going on. I do want to have a quick look at BTC as well just to see what's happening here. One thing of course that we know is that BTC is extremely weak in comparison to the stock market. I mean stock market is extremely extremely strong. We see beautiful moves to the upside. BTC is not really picking up to that. We are still struggling to just get some follow through here and now we just grind a little bit in my opinion. Uh, still no short trades to be had on BTC. It can change. For me, it is kind of a significant sign of weakness, not going to lie, that BTC is absolutely not responding to the strength that we are seeing across the markets. So, that is one thing to keep um to keep in mind. So, um but anyways, I do want to check one significant level, which in my opinion is going to be absolutely key on BTC. And that going to be right here. So, let's see on the weekly time frame. It's the weekly open. We do have a daily level around there. Also, the previous range value area high. So, in my opinion on BTC, it's going to be absolutely important to hold 78,500 on the retest. Cuz if we don't, then it's significantly weak, I would say. So, let's see if there's additional confluence with an anchored view up even. Yeah, so that's going to be a very, very, very key level here, in my opinion, on Bitcoin. This region. So, I am interested here for a day trade on BTC. Target would be 86,000. But yeah, we have to see as there is a big discrepancy between the strength strength in the stock market and Bitcoin. But um yeah, if there is a good reaction here, I would allow this into the point of control, of course. Um this would be quite important to hold this, especially because of this previous supply zone that we have. So, supply, supply, supply, supply, supply, then broken. And it should really hold on that retest, in my opinion. I would view it more um as still an uptrend as opposed to this 80,000 fakeout. It might change if we super impulsively crash down and there's no reaction here as I would still wait for my entry confirmation. But as opposed to looking at this as a um fakeout out of 80,000 if we drop below, I would simply still go with market structure until I'm proven wrong cuz we can see going with market structure was the one and only correct thing to do thus far and that means that this is still the highest probability for me. This is also higher probability than a fakeout of 80,000 and then we see the drop unless we approach that level with zero bounces and we just drop lower. Then I won't take the long trade as it's not a predefined or a preset. It's a predefined but it's not a preset trade. Um so this is how I would approach this. The moment I see a good reaction here, I will take a day trading long trade and if I lose this trade, okay, fine, then it might have been the 80,000 fakeout or whatever. But uh for now I prefer to um I prefer to do it like that. Stream quality, I would have to forward that to the team, to be honest. I don't know how to And then yeah, 86 is still the resistance. So one also major weakness is um Ethereum which simply cannot claim the previous range value area low. We know how important that level is. It's a range of yeah, months and months of price action. We lost it and what we can see if we zoom out is first retest rejected, second rejected, third rejected, fourth rejected, fifth rejected, sixth rejected, Seventh, rejected. Eighth, rejected. So, simply, Ethereum is not able to claim the previous range value area low for now. So, um Ethereum extremely weak as well um compared to the stock market. So, um yeah, no sign of strength at all. Um we're still holding this local structure here, but it's I don't know. Yeah. Stock market, way better, way stronger. And here, there's nothing new, so I'm not going to spend any time there. What's been really nice is this uh moon trade right here. So, I'm still in this trade, still with full position. As I would like to see this also get some follow-through, but that of course depends on uh Ethereum, for example. This um depends on Ethereum to also pick up. So, the moment Ethereum reclaims that value area low, I would be surprised not to get not to see a follow-through, cuz what we've seen before is where was it? So, it was especially in this range right here. We I'm going to hide this for a second. We also took 1 2 3 4 5 6 7 8 attempts, and then it just ripped to the upside. So, we don't know. Then here, it didn't take as long, but 1 2 3 4 5 6 attempts, and then we ripped. So, maybe this could happen again on Ethereum, but we really really really need to claim this value area low. Then maybe it's going to give us a quick impulse into 2,800. If that happens, we have to see. But um I would like to see it just out of curiosity, to be honest, what what's going to happen if Ethereum does that always is going to trade like a stable coin still? Or are we then getting some violence cuz Ethereum sometimes does that, but we have to see. Moon nice if Ethereum does it, we would of course probably get a bigger pump here as well. For now, I'm just staying in my trade zero risk. Solana had a nice move to the upside also finally. I'm going to check this to see if there's something to update. The daily is even too far away. Going to check the NPC's in the background. Just cuz it takes a while to load it, I guess. Okay. Solana, let's load the daily's in the background. We do have an NPC 91 5 2 PL C oof. Tick size six on Solana. That's how weak we are. Altcoins. I used to have to do that on something super small which had zero volume. Now you have to do it on Solana. Tick size six. 84.9 And 92 up there. Okay, but that's good for now. So let's see. I think Solana's coming into massive resistance up there. My preferred scenario would be reject here do the higher low and then up again. I don't think Solana is strong enough to claim this here without a rejection. As we are just too weak overall. That is massive resistance. And so this definitely has to be a target. But I would then see if I stay in this trade or not. Okay, first target. And then I'm going to see how long I keep this trade open for. If there's a good reaction, of course. And then I'd be interested in a long trade around here. For maybe then the break, but this is too optimistic on altcoins too. Or at least on the big altcoins like Ethereum, Solana to speculate on this breakout. I mean, we had so many attempts and I don't think you could get a stronger market sentiment. That is the thing. So the start stock market couldn't be any stronger. That's just not possible. So and if then altcoins are simply not picking up, maybe they can't. So, but still this will be my trades of interest. Yeah, definitely. >> I don't So, on my end, the stream is perfectly fine. I don't know. Then we had near with the lovely move up. So, um I was simply going with market structure still. Stop loss at break even on that one. So, just going to go through some here. XRP still stuck in this That is crazy how well this channel I know channel the triangle is respected. Also be very important as I covered in my YouTube live stream to get the break there. This was ARB. Unfortunately, didn't hit the entry. So, nothing has changed here. Oh, virtual is into resistance. Yeah, so we had the long trade here. And this is a hedge um area 100% take profit or hedge. Going to check this. >> For me, this would be an area to hedge the long from lower. From this down there. So, the long trade So, hedging means that stays open. And this is just to protect this trade in case there's a drop. And what you want to see hold is this. So, to see strength on virtual, this should hold. hype Here, I would wait for a market structure change as we are also at resistance, but I don't know for this one I'm not too interested in the short trade myself, to be honest, as this is a massive run to the upside and I'm not really interested. That was a lovely one. So, we had this Orca into the key resistance and a drop of 37%. This this one turned can check this. Didn't take the short trade was a predefined level, but if it definitely didn't play out. But this one impossible to get into a long trade. All I can do is look at some resistances. And it's always the same on out coins. It's always the previous range value area low that gives the first rejection. So, for long trades, this is also key resistance now. If in a long trade, no financial advice, I personally would look into hedges up here. And at least take profits. But there's nothing I could do in terms of a long trade as this is just too impulsive. There's no support, nothing that could yeah, give us a good reason for a long trade there. >> Bump and run, let's see. So, from all-time high, this didn't even test the trend line yet. So, from >> >> here Okay, this is big resistance there. I would say definitely an area to hedge. I'm going to keep an eye on this. So, I'm not in a short short trade yet. I will check the 4-hour close here to see to see if I want to take a short trade here. But, it's going to be conditional how this 4-hour closes. So, this one I need to keep an eye on. And the other one was a virtual where I'm also not in a short trade yet. I will see. Where was virtual? Here. I'm also going to check this after the next 4-hour close. So, because here this would have to close below this anchored view up, I'm going to check in 2 hours. Around live trading, I can give more insights on this. And yeah, let me see if there's some requests for altcoins. What do we have? Best entry trigger would be the 4-hour close, and then the 4-hour close would have to be below this anchored view up. So, so we have weakness here across the board, so could be an idea. Could be ideas. Let's see what else do we have. Arrow, Ondo. Nothing has changed with this setup, so this is still valid in my opinion if we see this move into there. And ONDO. This one moves to the upside, but there's not there's nothing in terms of support, so this one has to go without me. There's nothing I could do there. Cuz what I always scan when I see a chart for the first time is is there a daily close by that would at least line up with some supply and demand, and if we test this down here that is reversing too much of this move to the upside, so that's not helpful. It's not good one AKT. Just this. Little bit of volume. That's good like this is channeling here pretty well, so It's one thing. AKT >> or 62. or maybe one edge. You see a long potential there. So, around the POC anchored view up in POC monthly and POC. So, there's definitely some important support there. And in terms of resistance, I think it's going to be the weekly. I think the upper weekly So, the upper weekly is more significant. Yep. This is going to be the massive resistance. But that can take a very long time. I'm going to place an alert for here and the lower alert is placed. Let me check that again. Virtual for a long trade, what was that? I'm not a fan of this level. If we drop in If we drop below this supply zone, I would consider this a massive sign of weakness, to be honest. The thing is this. So, I'm going to hide this for a second. In general, I could say maybe there's a trade here, but I always check how the daily was formed and this for me just doesn't look good. I think if we move into the daily, we couldn't do this. That looks very unlikely for me. If we move into here, I think it's going to drop even lower and then we do a reclaim. Just cuz I don't think this can hold this structure that we have. We would have We would at least have to test this region here. So, I would be a little no financial advice careful about 735 here on virtual. Just a little bit careful. We have this. It's nice. Do we have here right now? Let's see Sui. Yeah, Sui is We don't I mean, I am Yeah, it's nice to fill the week. It's not like I'm always checking for weeks to be filled, but here the thing that stands out for me is that we still trade within this contract of price action. So, Sui, I'm not touching. Um, what else do we have? I can check if there's something that was moving a lot here. >> I'm going to check this. Cuz I do like the low. Not going to lie. Nice SFP tested again then and impulse away from that level changing weekly market structure. Now, so we had this predefined level around here. Problem though is that I don't think this is going to be retested now. So it could still act as like a major swing trading area in a couple weeks into the future maybe. But this price action here also allows me to maybe look for something in between already. So I'm going to see what we have in there. It's a massive range. And the point of control is right there. So there is something to be aware of here. I expect this to also line up then. No, it does not. So this is mostly old volume. The new volume is more like up here. Which is also actually more of a sign of strength. So what we can see here is that historically this has been the highest volume region, okay? So, this here for a super long time, months and months and months. This is a big big big big big range point of control. What we can see by looking into more local volume, though, is that we are already spending the most amount of volume above this point of control. What this means, going back to this old point of control, which is historically the biggest volume, that it has more chances to hold cuz we are already at least more in the short term from April to now, April to May, so the last month, we find fair value, if we want to consider the point of control as fair value, above our historic point of control. That means prices are accepted above, which I consider a sign of strength. But that at the same time means that the moment we test this big range point of control, we have a pretty good chance that it's going to be accepted and it's going to hold as support. So, for me, this range point of control becomes a major key level, very very important, where I'm even interested in a long trade as um I do see this sign of strength here, as I mentioned on Algo, and we broke this massive trendline. All of these trendlines, could look at this as a bump and run, but it wasn't a pretty clean in my opinion, so that's not the way I view this. I look at it more of like a decent market structure change now. Cuz also when we compare it to the previous bounce that we had, no real follow-through. Now we have taken the overall lows. Looks like reaccumulation even, but we've taken the lows, then the impulse, market structure broken, holding above, taking the highs again. So, even on the weekly timeframe, we could say okay, low, high, higher low, higher high. Weekly timeframe changed. When did we have that for the last time? Here, we could say okay, weekly timeframe was changed here. Um weekly market structure, I mean. But, ever since the weekly was just weak, weak, weak, weak, weak. And now that's changed. But, here there was no weekly market structure change. Okay? So, there's definitely something changing there. Which um is interesting. So, for me, that is going to be a level of interest for a long. Has to start as more of a day trade that I could then try to manage as a swing trade after at least de-risking. Cuz what we also have to agree on is that an entry down here, which was the original plan, this could be a nice start of a swing trade leaving the stop loss here for the the whole duration of this trade. But, if that is my entry, this would is would be a stop loss that I'm not too comfortable with, and I would prefer to just take two attempts then. And say, okay, first trade here. If this loses, I have my swing trade down there. But, I don't like to keep this as a 30% stop loss. This has to do a little bit with um position size as well. So, what I could do is say okay, um this could be your overall invalidation, but my stop loss decides my position size. So, my position size on this is going to be super small, I would say. If I do this, my position size could be bigger, and in terms of my context reading, I would see a good potential for this to hold. So, I prefer to have a smaller stop loss with bigger position size in case this is the higher low, and we do this. Then I want to be in with a big position size. If that doesn't hold, then I will lose this trade, perfectly fine. But down here, I can again use a little bit of a bigger position size, but then I cuz then I also think this has good potential to be the higher low and we see a rotation to the upside. What I don't like is this as my um first trade, that as my invalidation cuz then it would be significantly lower position size. Just to show you, 30% stop loss. This is about a let's say 8% stop loss. So here I could use three times the position size even, okay? So that is the thought process why I sometimes say, "Okay, this one I'm not laddering from here and here and rather look at this as two trades cuz I would say good potential for us to hold this and then move to the upside." So I hope that makes sense. All righty, is there something else so I should I should place an alert here. It's 24% What? This is spot though, but crazy volume. Let me know if there's something else you want me to look at cuz I feel like this is a good good starting point here for the next days. It's optimism. Is this OP? I don't know. You would have to always let me know the symbol here that I can type in. I don't know if optimism is OP. So, link let's check link cuz I do have an investment in it even since the drop. Oh, yeah. Link is looking good still. So, I can check link. It's a small position though compared to the portfolio but we have link up 20% for me. So, I bought it somewhere on this SFP. 22,000 dollars in link. 4,000 profit. So, it's okay. Okay. So, let's see because but doesn't look too bad here. monthly lining up with the weekly and the daily. >> So, we could see the support is extremely obvious down here. What I wouldn't like though for this scenario is that we would reverse this whole move to the upside and coming into here is again, I would consider this a bigger sign of weakness again. So, yeah, I have to include this as a area of interest down here. But, I would be more happy if it wasn't hit. But, for a new trade, yeah, I would look at this. But, just in terms of the context, I would say it is better to actually hold this value area high. So, we could still say this is low, high, higher low, higher high, and we don't even start taking some lows. So, for me, it would look stronger if we did something along those lines. High, higher low, higher high. Just a smaller pullback and then we move higher. This would be a signaling a little bit more strength, in my opinion. Finally broken this. Pretty similar with these odd coins, how you get the confluences, to be honest. It's not very difficult. Yeah, this has to hold here. But again, I wouldn't really like this size of a pullback. It would maintain all of it in terms of market structure. It is a good level in my opinion. But it has to hold. In my opinion, this has to hold. Cuz losing this, then we have to look at these lows. As long as we do this, we could say, "Okay, that could be the absolute confirmation for a market structure change." Cuz here, this hasn't really been a higher low compared to this. So, technically, it depends on how you want to count it. But this could be your one. So, your first higher high. This could be two, higher low, and only this would be the confirmed market structure change. And for the sign of strength, this has to hold. But yeah, interesting. Nice. Okay. I'm happy with these alts to be honest. I would keep it as that. Stay patient, alert as such. I'm going to have a look at Tron and virtual now today just to see if there's a short trade to be had or not. Okay. So, yeah, I can only say that later if we get the 4-hour close. And it's closing the way I like. So, that's going to be it. Hope you enjoyed. See you in the live trading stream later. And bye-bye.
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