Solberg Invest @SolbergInvest
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Looks like a clean breakout on $OTHERS as well. If $BTC continues its July relief rally, altcoins should have room to follow.
In early June, we shared our thesis for a local bottom. Since then, $BTC reached our target area, formed a low, and is now up +12%. After this rally, we still believe the broader market is likely headed lower before forming a bottom later this year.
We've been rowing non-stop for weeks!🇳🇴
What a time to be Norwegian. Saw the game with 10,000 people, on a perfect summer night, rowing into victory against Brazil. England, we're coming for you!
$COIN Update: $COIN is also reacting well to the support area we highlighted. Nice!
$COIN Update: We are approaching the macro support at $117–136. This could give a solid floor. If $BTC and the bear market continues then this level might break. But if markets slow down, this could be where $COIN starts to slow the bleeding and base out.
$MSTR Update: Price is reacting to the support level just as we expected. Nice!
$MSTR has been bleeding for a while, but it's now approaching a key support level. This could provide a short-term floor and allow price to stabilize. That said, if $BTC continues lower, $MSTR will likely follow.
In my newsletter, I've been writing about a bullish divergence forming on $BTC. So far, it's playing out well, currently +8%. My guess is we will continue with a small upside move, before again heading lower to a bear market bottom.
Inspired by Netflix
Prompting is hard Clicking is easy ...🤷♂️ Clip from the latest monthly live call 👇 Join Telegram for an invitation to the next one.
Prompting is hard Clicking is easy ...🤷♂️ Clip from the latest monthly live call 👇 Join Telegram for an invitation to the next one.
A bearish retest on a 7-year-old support line? That's a new one.
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"the better move may simply be to sit back and observe"
$BTC is at a key level and currently attempting a breakout. I’d be careful with short-term trades around this area given the volatility and resistance overhead. For longer-term investors, the better move may simply be to sit back and observe.
$SOL Bear Market Update: $SOL continues to follow the plan well, including the recent upside moves. For now, the projected bottom areas remain unchanged.
$SOL Bear Market Plan (Short Version) Big support is at $40–47; this should be a good entry point. If it breaks, the next buying area is at $19–25. Will probably bottom in the next 6–8 months.
Like expected... another move down
$SOL Next Move: $SOL looks like it’s trying to break out. We will either see a successful breakout or another leg down. What happens next will likely depend on $BTC. And as you know, I’m not very bullish on $BTC over the next few months....
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