Some thoughts on the week :

➢ In my opinion the most important is that SPX had a nice bullish reaction from the monthly fvg. Which is bullish for the markets overall - being one of the most important indices.

➢ Bitcoin has not being able to break back above the critical level of $64,500 and to flip it into support ( crucial ), still leaving expectations for a bit lower prices.

➢ During the week most altcoins were actually quite strong compared to BTC , which is one more indication for the upcoming altcoin season.

* you could check some of my last posts in order to see some charts on the above.

➢ In conslusion :

We could say that the correction in crypto still may not be over, but most likely we are not going to see significantly lower prices. The altcoins are very near to the beginning of exponential growth and right now we still have amazing "maximum profit" opportunities.

In my opinion we should rather stay positive and even optimistic about the months ahead.

*non of the above is an advice.

11:45 AM·Apr 26, 2024 ·Översätt