ohueno

ohueno

A very important level for altcoins — this is where we need to watch closely. I believe it’s a strong resistance.

ohueno

The pattern is very similar to the one we saw in the previous cycle. I believe we’ll see a major correction sometime before October.

ohueno

OTHERS/ETH clearly shows where ETH dominance is likely to stall. I think altcoins will get a bounce against ETH soon, before heading into a final capitulation ahead of altseason.

ohueno

Hey everyone — I’d like to share some thoughts with you. I believe this chart is a pretty good bottom indicator for altcoins. It has performed well so far, and it’s what I’ll be watching when looking to buy.

ohueno

Hi everyone — keep a close eye on the 1D RSI of the USDT/OTHERS chart. As long as it holds, we’ll keep bouncing and seeing corrections. Only after it breaks can we start talking about a trend reversal.

ohueno

SOL has entered a bear market against ETH, and this could last for 6–12 months. I wouldn’t pay attention to SOL until ETH drains all the liquidity from the altcoins.

ohueno

I think we’ll see a 20–30% bounce in SOL/ETH in the near future, regardless of where the market goes. But it will still be a bearish retest.

ohueno

In my opinion, this rally is a manipulation, and we’ll see a sharp correction in the near future.

ohueno

The OTHERS chart shows a lot of similarities — I believe we’re still missing one more phase of disappointment, because after every bounce people keep shouting about falling dominance and an incoming altseason. Be careful here.

ohueno

I believe that as long as the interest rate stays at 4.5%, we won’t see real growth in altcoins — only short-term pumps. Rate cuts are expected to begin in the summer, but it will take some time to have an effect. I would compare the current market to both 2019 and 2022.

ohueno

I don’t think we have a real chance of holding above 100K for long. There are strong similarities to the 2022–2023 bear market, and there’s a significant risk of a BTC crash. I’ll be sharing a few ideas on this soon.

ohueno

Historically, it’s clearly visible that after a significant correction of 65–75%, ETH has always bounced back to the 0.382 level and slightly above. I don’t know if that will happen this time, but as soon as we approach the 0.382 level, I’ll consider closing my positions.

ohueno

Looking at history, ETH corrections of 65–75% have often been followed by sharp rallies. I believe we’re in a similar situation right now. With the upcoming Pectra upgrade on the horizon, there’s a strong chance we could see this pattern repeat. At the same time, ETH is currently undervalued — not just against BTC, but also compared to many altcoins. In my...

ohueno

Few people look at custom charts, and that’s a pity, because there’s a lot of truth to be found there. We’ve got fear in the market, and hardly anyone wants to buy right now.

ohueno

Turn off your fear, and look at history, maybe you'll see opportunities.

ohueno

Look closely: on the left is ALTLAYER, essentially a gem of the current cycle; on the right is HARMONY, a gem of the previous cycle. What unites them? They’re united by a 96% dump. But what happened next? Harmony, from the COVID wick, did a 300x. Now, let’s think: if we cut that 300x down to 100x, it turns out that ALTLAYER could very well have a 100x potential...

ohueno

You don't have to be scared, disconnect from news events, and think.

ohueno

There’s good news and bad news. The good news is that altcoins are likely to bounce back to the 0.5 Fibonacci level—just like they have in every past bear market. The bad news? We’re in for a year-long bear market that could last until the end of the year. I’m expecting a rebound into early May.