market update
models long majors BTC ETH SOL.
continuing from our previous update everything's played out well.
good news is the sentiment is still mixed and theres very little euphoria on this breakout.
while theres never guarantees this breakout is THE one
all data thus far is favorable.
there will be some expectation and on the day (fed rate cut) we will have some volatility regardless but the base case remains risk assets are headed higher.
web3quant indicator caught the BTC breakout well.
this cycle eth has had a rough time price action wise but thats likely to change too.
indicator again was able to catch the move well.
now that we have HTF breakout on all majors the markets are set for alts to pick up steam specially utility alts.
they too like eth have had it rough thus far with memes being the only plays in town.
now just because utility alts are catching a bid that doesn't mean memes are over.
infact it makes the case stronger for quality memes as the weaker memes wont be getting mindshare nor liquidity.
this cycle has been a meme cycle with memecoins being the dominant sector thats outperformed everything. these things dont just rollover.
we have gotten a breakout in web3quant meme index too. the stage is ripe for expansion here too.
coming to utility alts
here are the alts the model is signaled longs on.
overall we have had a sharp run up from the lows. some pullback is to be expected but we are firmly in the uptrend.
seasonality also favors the bulls.
only an HTF breakdown would invalidate this.
NOTE: lot of you have been sending notes on how the indicator has been a game changer for your personal trades as it helps you enter / exit with ease. I am pleased that its helping.
Im constantly working on making improvements to it. if you have any practical suggestions on how you use it (with examples of real trades you have taken) and where we can make it better
I would love to hear that and will try to implement what I can.
while you send suggestion please note that I would like to maintain the simplicity of the indicator coz thats what makes it effective and potent.
allowing even non technical folks to use it out of the box.
Thank you.
see you in the next one.