Blockcircle

Solid weekly close confirming a clear breakout in BTC/USD and crypto outperforming stocks for the first time in a continued basis in four months baselismail #MARKET ANALYSIS

Quick updates fam @everyone baselismail #MARKET ANALYSIS

This is a beautiful sight to behold, absolutely love it, praying for a longer continuation of this trend @everyone baselismail #TRADES

If the S&P500 can just stay above 5,370 (which it currently is), that would be an excellent display of strength and will most definitely help boost Crypto as a whole, again, it’s the confluence of all these factors coming together which makes it much more likely that we will see a mini altcoin rally If the custom metrics begin to depeg and begin to move in opposite directions, then we are just in a fake out bounce that’ll be inevitably be rejected and we will revisit the lows < $75,000, so that’s why I am monitoring this so closely We are at peak level trepidation at the moment, nervous jitters across all financial markets. Important to keep this all in mind to help temper your crypto expectations @everyone baselismail #MARKET ANALYSIS

I know many of you are sick and tired of hearing about how bearish ETH is, well, there could be a bounce here, we are literally revisiting the lows of ETH market share dominance last seen in 2019 and 2020 Covid bear market lows We are very likely going to see another bounce soon @everyone baselismail #MARKET ANALYSIS

Everyone it feels like there could be a reversion down to support, Bitcoin continues to secure more market share for itself, still eyeing 65-68% as a potential top baselismail #MARKET ANALYSIS

It’s very simple in my eyes @everyone , I’m not expecting any type of sustained multi week altcoin rally until Global Stablecoin Dominance decisively closes the weekly BELOW 7.4% That’s it, everything above that level could easily just be another fakeout, I know many of you are amped up and desperately waiting for an altcoin season, but we need to be patient. Using these custom metrics, it allows us to identify a proper altcoin move up way before everyone else, so let’s stay patient and just trust the system baselismail #MARKET ANALYSIS

Altcoins just keep collapsing further down into the abyss against BTC, which is expected at this stage of the breakout baselismail #MARKET ANALYSIS

We are still looking good on the weekly timeframe when tracking CRYPTO vs STOCKS and CRYPTO standalone, but altcoins are absolutely not outperforming BTC and that’s a key prerequisite for a proper mini altcoin season baselismail #MARKET ANALYSIS

DOGE/USD still looks terrible on the weekly after a 73% decline, that’s happened multiple times in the past as part of mid market cycle corrections, this is maximum volatility, my hope is it’s close to the bottom down now or down to $0.08-$0.10 baselismail #MARKET ANALYSIS

I really wish it doesn’t get rejected at 0 in the Blockcircle Momentum Indicator (at the bottom), that would be max bearish if it gets rejected again @here baselismail #MARKET ANALYSIS