Okay so... $BTC is still struggling around $84K and doing basically NOTHING ๐
Meanwhile $TAO is up +8% around $329 and already touched $337.9...
and $DASH just pushed to $71 with almost +10% ๐ช๐ป
This is what gets interesting...
BTC doesn't even need to pump hard right now. If it simply holds this $83K-$84K area and stops dragging the market down, some alts are already showing they WANT to move ๐
TAO from $247 to $337 DASH from $54 to $71
While BTC is still sitting below that $87.4K recent high ๐
Imagine what happens to these alts if Bitcoin finally wakes up again...
For now i am watching the rotation very closely ๐ฅ
Okay so... you guys see these low caps pumping and immediately think 'okay enough... now time for dump" ๐
And then you SHORT them... just because they are already green ๐
Look at this...
$PHA +65% and already touched $0.10 $ARK +33% and ran from $0.15 to $0.28+ $ENA +23% and pushed from around $0.20 to $0.28
Can they dump after these moves? obviously...
But being +30% or +60% is NOT itself a SHORT signal ๐
We already saw what happened with $AKE, $BR and many of these low caps... momentum can keep going way longer than you expect and one more vertical candle is enough to destroy an overleveraged SHORT.
If you missed the LONG... sometimes just staying OUT is better than trying to revenge SHORT the pump ๐
Trade safe bros... these low caps are moving crazy right now.
Okay... market is showing BULLISH signs once again ๐
That dump from $87K which pulled $BTC back below $84K was nasty... but if that was simply the correction we needed, things are getting interesting again ๐
Just look at some of the moves today...
$NEAR +18% and already touched $5.05 ๐ฅ $LINK +15% and pushing above $14 $XRP +6% and back around $1.55
This is the kind of strength i wanted to see after that market correction... not everything pumping 50% in one candle, just buyers slowly coming back across major alts ๐ช๐ป
Now BTC needs to continue holding its recovery and then October could get VERY interesting.
Are we finally entering the UPTOBER bull runโ๐
For now i am staying bullish... but calm. Don't turn one green day into an excuse for crazy leverage ๐
Okay... $QNT is literally knocking at $100 now ๐
From $58 to $98.48 in a few days and another +33% just in 24H...
So please don't look at this massive green candle and immediately think SHORT ๐
There is an actual catalyst behind this move too... The Clearing House selected Quant for its On-Chain Money initiative, connecting tokenized bank deposits with payment infrastructure that already handles $2 TRILLION+ daily.
That's not some random partnership announcement.
Now $QNT is sitting around $96 with $100 literally one candle away ๐
Can it pull back after such a massive move? obviously...
But trying to catch the exact top with crazy leverage while momentum is THIS strong? nope ๐
I am watching $98.5-$100 first... break that and let's see how far this thing wants to go.
Don't fight the biggest green candle just because it looks too green ๐
Okay... market gave us the breakout and now it's giving some of it BACK ๐
$BTC touched $87,278 and now dumped towards $83,864, currently around $84.5K.
$ETH rejected from $2,789 and wicked all the way to $2,647.
And $XRP got hit even harder... from $1.658 down to $1.507 ๐
This is exactly why i don't become blindly bullish after one massive green move...
For now i am watching these levels:
๐ BTC: $83.8K-$84K support... lose that and $82.5K becomes important again.
๐ต ETH: $2,647-$2,650 is the immediate support... recovery above $2,700-$2,730 would be the first good sign.
โซ XRP: $1.50 is the BIG psychological area here... buyers already reacted from $1.507, but i want to see $1.56+ reclaimed.
The interesting part?
Even after this dump, BTC is still sitting well above that old $82K-$82.5K resistance we were talking about before the breakout.
So i am not panicking here... but i am also not throwing leverage at every dip ๐
Let BTC show us whether $84K holds as support first.
This next reaction can tell us a lot about whether that $87K move was the beginning of another leg... or market simply needed to flush some late LONGS before trying again.