No secret this was a huge week for the market with not only BTC continuation above 100k but some much needed relief for the alt coin space.
This is right on par with what we have seen in past cycles where a big move in BTC followed by a correction and then resumption of the major trend has led to major gains in alt coins.
The simple fact of the matter is that time was telling it to us through a number of indicators like the OTHERS/BTC chart and the ETH/BTC chart to name a few. We were due for a major rally and were getting it.
Possibly the most welcome signal is the massive move up in ETH the last couple days as its broken out of its major downtrend. In order for this alt market to be healthy and strong we needed the biggest alt to lead the way and after months of tough price action its finally showing promise.
This is all part of our plan we had laid out starting in late March and accumulating the strongest players. That plan based on time and price is proving to be incredibly profitable once again with many of our positions seeing +70% style gains in just a day or two.
We took the risk when no one else would based on our analysis and now it’s time to ride the wave as the risk appetite heats up.
Given the forecast I outlined this week I am expecting this to be the biggest run on ALTs since late 2023 to early 2024.
When you can learn to trust the timing, sit back and be patient, and respect the trend these become six and seven figure runs.
It won’t be a straight shot up, I expect plenty of volatility, but again with our monthly time signals and our trend indicators you know what to look for.
Practically all our positions are showing major breakouts from a long downtrend and I don’t see this broad rally ending any time soon.