Every altcoin cycle, if you project 230 days out from the halving, this is where the best entries for entering altcoins have been. Global Liquidity is starting to come back, with central banks planning to start open-market operations within the next couple of months. The last two times when central banks began open-market operations the altcoin cycle started....
Didn't catch the bounce unfourtunately.
Reentered short with 50% of exposure at 9810 for a final break of the first support line
Might take the whole week of next week
Risk-sentiment has changed in the markets. Dollar weakness is now a reality. Risk-on sentiment may lead to falls in risk-off assets, as we have seen in the last couple of days in gold and silver, Bitcoin as a higher beta-asset lagging behind.
The former two halvenings have been the midpoint in the cycles from a time-perspective.
If bitcoin behaves as in the former, we might see a high in October 2021
Currently expecting pullback on smaller timeframe.
