market update

will keep this one short. in the next one will cover some alts that potentially look promising and can be played via systems. if we get get the breakout (more on this later)

from a big picture perspective btc has been really strong. we had the highest weekly close.

its not unusual infact its been pretty much consistent there's selloffs near ath levels. which are seeing now.

we have a litmus test coming up - if this whole leg was a bear rally (and its 2022 like setup) or new uptrend (2021 like setup).

easiest way to know - if its the former then pa will slice through the support like it did in jan to new lows.

if its the latter then we will get the dip and it will hold.

coming to more tactical swings.

we got a sell much earlier in the week well before this sell off. systems been doing well.

as long as the positional HTF is still bullish will be focusing on the longs if/when we get the next breakout.

see you in the next one.