No one has paper hands at $30k

Uncharted Lite 3

Key Takeaways

• The mid-term outlook is very bullish, and the recent retrace to $30k proves it. Do not be spooked by $1k moves.

• We are in phase 1, ethereum is outperforming bitcion, and it will begin to dominate the market. It’s explosive.

• Narratives will be a key part of the upcoming alt season. There is one in particular that will drive the market.

• LDO and 2 other coins look very promising considering their high beta.

• We just witnessed a shakedown. It’s not time to get out: not only is the mid-term stronger than ever, but these are the retests we want to see to get further confirmation of an alt season.

• Remember that bitcoin’s average true range over the past 14 days has been around $1,000 per day… We opened around $30.3k, which means we can range between $29 - $31k. This is not for the faint-hearted.

• In terms of alts, ethereum steals the spotlight as we move into the transition phase: ethereum begins to outperform bitcoin - it becomes more dominant.

• Ethereum is explosive, it is gradually pulling large, mid, and small caps. Meanwhile, bitcoin is flat in terms of impulse. Leading into the previous alt season (Feb - March 2023), everything went explosive.