Weekly Watchlist Update: Market Insights and Preparing for Summer Opportunities

Another choppy week in the books. We nailed this price action in our weekly market outlook and now we will look ahead to another minor inflection point the 13th. That will hopefully be the one that returns some volatility to this market.

As I said, I fully expect a nice summer rally to begin in the second half of this month. The majors appear to have confirmed the bottom was last week by putting in a higher low and a reversal signal candle yesterday.

Major alts are showing a lot of strength here and leading the way for what should be a more risk on environment soon. I’m stealing this chart from REKT CAPITAL here on the altcoin hype cycle because it largely lines up with what I’m seeing time wise.

So again, we were right to warrant caution in the short term as many low caps have been bleeding. However, I do believe you should be prepared to buy again very shortly. I expect next week volatility will return and we will have some good moves. More next week in the outlook but let’s get into the watchlists.