AI is blitzing. What you NEED to know

AI cryptos are absolutely on fire. I think it has something to do with OpenAI’s new advance with Sora, which is mind blowing, but this proves again, why you need to have a diversified portfolio to capture outside gains, especially when one niche isn’t running, it will eventually be in a bull market. So this proves that Fetch.

ai is now absolutely on fire. 70 percent looks like it’s going to just run to a new all time high. A lot of the other AI tokens, you know, look reasonably similar and have amazing gains so far. Just wanted to put that on your agenda. We have a look at Ethereum. This is the crypto I’m really paying attention to, because it’s had a really strong week for the first time in a little while, and it’s broken out to a new two year high.

So really, really positive signs there for Ethereum. I think a little bit of a pullback here, and then she’s probably off to the races where I’ve got my magnet. Way up here around that 3, 000 area. There he is, magnetized in this region. 3, 000 to 3, 500, I think that’s maybe where she settles and just oscillates around there and then, you know, potentially new highs for Ethereum.

It’s not going to be a straight ride, there’s going to be a lot of volatility there, but there is a lot of excitement building for the upgrade that’s coming at the end of March. And also the Ethereum ETF, which looks like it should get over the line over the next few months. Bitcoin Dominance is a chart we always want to have a look for, because I know everyone wants to know when their altcoin bags are going to pump.

And just right now, because of Bitcoin’s strength with that fundamental buying, it is hard to see that period where altcoins have that period of outperformance. Right now it does look like dominance wants to actually shoot higher to 60%, although when you look down at the four hour of the daily and a few others, they do appear, looking like they are weakening somewhat.

So if we pass below that 53%, 52% below these moving averages, I think that’s when alt points begin to gain capital and gain control. So I’d love that. Ethereum again on the brain. Ethereum to Bitcoin. So ETH/BTC been watching for a long while. It’s a chart that’s been doing everyone’s head in. But it kind of looks like it might be ready to go.

And that’s what Ethereum sort of showed us in the USD chart. But what I really love to see here from FBDC was a climb back out of this, a climb back above the breakdown level through here, blitz through the moving average on the daily, on that 100 moving average. This is what I want to see. It was into this red box.

I want to see this sort of higher, high,  higher low situation. move through and it’s trying to do that at the moment. So I want to see it follow that line, get above that 200 and she’s off. And then Ethereum you think really gets into that 3, 000s you know, as it, as it wants to do. And if we just quickly have a look at Bitcoin, I think over the weekends, we’re just going to see a lot more sideways downside action.

Right now in the U. S. it is still in the evening on Sunday night, so the ETF haven’t started buying yet. So, right now I think it’s the realm of Ethereum and altcoins. But any downside movement over the weekend is just really careful with Bitcoin. But so far, Bitcoin is going sideways and trying to find a bit of a floor above 50, 000, which is great to see.

So have a good day. Catch you again next time. Bye.