AltSzn - More to go?
Bear markets have been so brutal, that most folks are too scarred to even imagine how good times look like.
Every now and then remind yourself why are you trading crypto.
You need to handle the sharp volatility that comes with it but when the times are good, they provide explosive upside.
We have been relentlessly bullish for a while without FLIP-FLOPPING like many in the space are doing.
The problem with flip-flops is you lose your entry and if it runs up then it's hard to re-enter higher.
As mentioned in the last update
The good news is, while BTC continues to look good, there's a good chance that BTC dominance has topped.
This means Alts are likely to have a good time in the coming days.
Model Longs already are up multiple Xs but they're looking primed for more.
Weekly closes have been strong.
Theres support from TradFI markets too.
Things can always change but It's a Risk-On market for now.
Coming to Model positions
Model continues to be long majors BTC, ETH & SOL.
There's a small change. NO Explicit Invalidation levels would be given. Coz they are not really useful anymore as mentioned in the FAQs earlier.
The initial model was a weekly one with only once-a-week updates. Invalidation levels were given just in case there was a major event mid-week and folks needed some sort of exit levels.
Since then there have been lots of improvements to the model as mentioned here
Now we have real-time updates as needed. sometimes multiple times a week. So if there's an invalidation or an exit you would get an update.
Those static invalidations do not serve the same purpose as before. They can be used for sizing or trailing SLs etc.
Model will very likely exit well before those invalidations are hit.
Those who still need some sort of invalidation guidance
Just use the Swing Low on the Daily time frame as Invalidation levels.
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