$BTC

Still within a range, remaining patient

Alright, so still no daily close above ATH and still no $BTC.D at (or very close to) 60% yet.

Personally still not interested in trading this. The most significant and last time for us we were bullish was near the pre Astro Block cycle low, up towards the Astro Block to develop the bulk of this move into a big trade.

So our job is done with that, and any chop within this range is classified noise IMO.

You know my stance on alts, how I believe they will have a second large push to the upside in the first half of this year, but how $BTC.D needs to go to (or very close to) 60% first before the downside pressure is over.

Respecting the range

Had some questions regarding the Trump Inauguration and didn't want to make a post on it since I continue to refuse to put any significance to it, especially not compared to our projected mid January low cycle bottom date (which now passed). So to me, I see it as nothing but low timeframe volatility which I like to avoid. Some continued ranging would not surprise me into the end of the month given it can be considered a high impact news event and simply because we are near the end of the month (coincidental alignment - as always).

We still have no daily close above range high (old ATH), only a sweep. And some ta artists may tell you it goes to range low again after an SFP, which one would expect, but I can't stress enough to not be surprised when we hit midrange and hold because there is a POI there, so I'm more focused on watching LTF's there.

According to my book, the cycle low (which happens every 60 days) is still in so it's also unlikely to set a new low up to the first half of February in my view.

Okay, but once the range is done, will we break this range to the upside or downside?

Overall, both the willingness of maker driven buying, spot (⬆️) versus perps (⬇️) speculation, the swift drops the market keeps giving us where fear peaks each time, and the funny (counter-) narrative of the Trump inauguration supposedly "giving us a top", on top of all our prior analysis given and in alignment with our bull market final stages master plan still classifies this range as bullish.

So, I am daring to say that I think on the high timeframes, this range will once more break to the upside. This is the 5th time I am claiming this. And of course, at some point I will probably be wrong. But I am tracking my full library of top signals closely and so far, none of them have shown themselves. 

How I am trading this range

In terms of $BTC, I still am not interested in trading it, after closing a big trade. Focus is still to position on alts given $BTC.D is high.

And the way I'm managing altcoin positions depends mostly on $BTC.D. I'm still only 0.4x leverage allocated and am still waiting to ad more.

Most likely expecting a $BTC.D push up while $BTC breaks out further, and $BTC.D to continue to range if $BTC does that too (and trades back towards midrange)

That should then result in alts to continue to put in their ranges and $BTC to continue to lead the way (out of this range) with one last final overall push, which has been our main plan for a while for the altcoin challenge account.

If on the small off-chance, we get a $BTC.D rise (close to 60%) instead of a range upon a $BTC pullback back to mid-range, then all those sweeps of the local range lows on all alts are major buying opportunities for me where I'll start buying big (finally). Otherwise, the $BTC.D rise upon a strong $BTC breakout will simply be an easy catch-up buy which is also an easy execution.

For everything in between, I am just remaining patient and waiting out $BTC and catching alts at optimal times as close to range low as possible assuming that the main $BTC range plan continues to play out.

To which so far so good.
#BTC #BTC.D