Watch STX if Bitcoin makes another impulse toward 40k

 Wow. Boom! Bitcoin moves hard, giving altcoins life. You’d love to see it. Congratulations if you’re still here. The reward is just around the corner. If you missed this pump, I would say, use this as a learning experience so you don’t miss the next one. I’m going to cover my cherry ripe ones to watch and the danger zone today, Stacks, Link and Solana.

Let’s crack in. Will not relent on my love for Stacks. Running with Bitcoin being that proxy and outperforming you cannot avoid looking at it. And it does, in my view, maintain that lower risk profile because it is so tightly hitched to the fortunes of Bitcoin. So if Bitcoin moves down, Stacks are going to move down, sure.

But Stacks, when Bitcoin moves up… It just absolutely blitzes and last time we had it as our cherry right was up 30 percent a year So congrats to everyone looked at that You can see how these patterns are starting to emerge with price compressors Then we have an expansion that happened there as well before another 30 percent move with bitcoin Now if bitcoin wants to make another run at 40 000, I think you can overlay the fibonacci extension here It was looking at about 88 cents 85 cents.

It’s probably the next kind of area i’ll be looking at But right now it’s starting to move into a bit of a downward channel. That’s the pattern I’m sort of seeing develop. If I can break that 68 cent kind of level and get above here then I think she’s off and she probably will tell you some it will lead Bitcoin if Bitcoin’s about to go as well.

So, still very bullish on Stacks. Blink is my one to watch. Here, it has broken weekly range high resistance. It is a really profound move. The longer something, you know, consolidates like this, the more sustained, I believe, the breakout will be. So, that’s my feeling here, but the one thing we need to be wary of is that now that it’s broken out of this resistance, it wants to hold above it.

If not, it might be just another fake out like it was down here. But, very, very clearly this one’s higher as long as Bitcoin is trending higher as well. So, I think this has a really strong case. For a much larger move on LINK, but definitely one to watch. Alarm has been getting a lot of love recently, being all over Twitter and elsewhere, and it’s just generally a very popular coin, so I’m going to cover it today as my danger zone.

A lot of alts look very similar to this and just are representative of the frothy nature of the market. We have to be aware that if Bitcoin is due for a bit of consolidation here, you know, back down to the low 33, 000, some of these alt coins are going to want to correct. Harder. So if Bitcoin sneezes, altcoins are going to catch a cold and you want to look out for these telltale signs on the lower time frames, the one hour, the four hour.

I’m seeing bearish divergences pop up because those peaks higher or the momentum is dropping away. So if we lose the 20 moving average here, I think Solana goes lower. Thanks for watching everyone. Bye bye.