Soon.

$60k reclaimed. Good first step. Now we have to see a reclaim of $62k for bullish continuation.

GM

The first support zone didn't hold. It's important that we see a bounce soon, so this is still a higher low.

Nothing to worry about yet. Same plan.

Altcoins are holding much better than Bitcoin, which is a sign of strength in my opinion.

There hasn't been much movement this weekend. Just a pullback, which was either to be ignored or to buy more. We should see bullish continuation soon.

I hope you had a good weekend, and let's have a great week!

Quick access to some of the altcoins htf setups I've been posting lately:

Altcoins dominance 1: https://t.me/CryptoCapoTG/795

Altcoins dominance 2: https://t.me/CryptoCapoTG/810

$SOL: https://t.me/CryptoCapoTG/798

$FET / $ASI: https://t.me/CryptoCapoTG/785

$ZCX: https://t.me/CryptoCapoTG/803

$RUNE: https://t.me/CryptoCapoTG/804

$INJ: https://t.me/CryptoCapoTG/808

Also, as mentioned before, my portfolio includes low cap coins related to AI, RWA, and Gaming/NFTs. However, I can't share specific details here due to their low market capitalization, as I don't want to influence the price.

GM

For this week of August 19th-23rd, we have:

-Web3 Summit 2024 (August 19-21)
-5th Joint International Conference on AI, Big Data, and Blockchain (August 19-21)
-Some Fed members speak (August 19-20)
-Eurozone CPI (August 20)
-FOMC minutes (August 21)
-Jobless claims (August 22)
-Fed Chair Powell speaks (August 23)

These events should give us more hints about the potential rate cut in September and whether it will be 25bps or 50bps.

From a technical analysis (TA) perspective, the market appears to be forming a local bottom. Some altcoins are breaking their downtrends, suggesting possible shifts in the overall market.

Personally, I'm accumulating altcoins during these weeks, trusting the plan, and ignoring the noise. The strategy is based on a high-timeframe outlook, so it's normal for it to take time to play out. It’s also worth keeping an eye on the Gaming/NFT ecosystems, as they are showing a lot of strength these days.

I hope you had a good weekend and let's have a great week!

GM

Taking the day off today. I wish you a blessed Sunday!

ZCX update

Wrong on the previous idea.

It broke support and is going lower than expected. It's currently touching another major support, and the selling volume is decreasing, so a bounce is expected. If this support doesn't hold, I will start cutting the position.