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 um 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 is going to be right here. So let's see in 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 VWAP 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 um there is a big discrepancy between the stren 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 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 fake out. 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 fake out of 80,000 if we drop below, I would simply still go with market structure until I'm proven wrong because 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 fake out 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 fake out 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, seven rejected, eight 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 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 not to see a follow through because 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 one, two, three, four, five, six, seven, eight 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 six 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. And 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? Are we going to trade like a stable coin still or are we then getting some violence? Because Ethereum sometimes does that, but we have to see. More 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 is in the background just cuz it takes a while to load it I guess. Okay, Sana. Let's load the dailies in the background. We do have an NPC 915 above. Can you see? tick size six on Solana. That's how weak we are on all kinds. We used to have to do that on something super small which had zero volume. Now you have to do it on Solana size six 84.9 up there. Okay. But that's good for now. So, let's see. I think Salana'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 to or at least on the big alcoins 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 stock 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 head near with a lovely move up. So um simply going with market structure still 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 and 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. Virtual is into resistance. Yeah. So we had the long trade here and this is a hedge um area 100% take profit or a hedge. Gonna 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 is a drop. And what you want to see hold is this. So to see strength on virtual this should hold. 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 one tone 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 altcoins. 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. Yeah, 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 alltime high, this uh didn't even test the trend line yet. So, from here Okay, this is a big resistance there. I would say um 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 4hour close here to see to see if I want to take a short trade here. And 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 here. I'm also going to check this after the next 4hour close. So because here this would have to close below this anchored VWAP. I'm going to check in two 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 4hour close. And then the 4hour 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 ono. Nothing has changed with this setup. So, this is still valid in my opinion. If we see this move into there and O N D O 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 because 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. A KT just this little bit of volume. does look like this is channeling here pretty well. So, it's one thing. We can continue. was 62. One We need You see a long potential there. So around the PC anchored VW up NPC monthly and PC. So there's definitely some important support there. And in terms of resistance, I think it's going to be the weekly The upper weekly say the upper weekly is more significant. Yeah, this is going to be the massive resistance but that can take a very long time. Place an alert for here. And the lower alert is placed. 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 because I don't think this can hold this structure that we have. We would had 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. Suie. Yeah, Sooie is We don't I mean I am Yeah, it's nice to fill the wig. It's not like I'm always checking for wicks to be filled, but here the thing that stands out for me is that we still trade within this contract at price action. So, Sue, I'm not touching. What else do we have? I can check if there's something that was moving a lot here. I'm going to check this because I do like the low, not going to lie. Nice SFP tested again. Then an 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 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 there. It's a massive range and the point of control is right there. So, that is something to be aware of here. 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 because 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 trend line all of these trend lines could look at this as a bump and run but it wasn't 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 because 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 the accumulation even but we've taken the lows then the impulse market structure broken holding above taking the highs again. So even on the weekly time frame we could say okay low higher low higher high weekly time frame changed. When did we have that for the last time here we could say okay weekly time frame was changed here um weekly market structure I mean but ever since the weekly it was just week week and now this 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 because 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 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 the 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 because 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 because 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 lading from here and here and rather look at this as two trades because I would say good potential for us to hold this and then move to the upside. So I hope that makes sense. Um all righty. Is there something else? So yeah I should place an alert here. 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 um um starting point here for the next days. optimism. Is this OP? I don't know. You would have to always let me know that um there's symbol here that I can type in. I don't know if optimism is OP. So link, let's check link because I do have an investment even since the job. 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 um up 20% for me. So I bought it somewhere on this SFP. 22,000 in link 4,000 profit. This is okay. Okay. So let's see because doesn't look too bad here monthly lining up with the weekly and the daily. So we could say 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 alt 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 because 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. Because 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 confirm market structure change. And for the sign of strength this has to hold. But yeah interesting. Nice. Okay. I'm happy with these altcoins to be honest. I would keep it as that. Um stay patient. Alert is set. Um I'm going to have a look at tone and virtual now today just to see if there's a short trade to be had or not. Okay. So um yeah I can only say that later if we get the 4hour 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.