ALTCOINS : LES SIGNAUX SONT LÀ ! 👀 (c'est pas ce que tu crois)

The retracement of altcoins continues into the second quarter, with specific targets and interesting altcoins like BNB showing clear signals. The current balance of power between altcoins and Bitcoin is crucial to understand market movements. Before diving in, access to the "rapport code" report, its derived strategies, mentorship, VIP crypto access, and soon, free algorithms is available. To get this, register on Wix via the first pinned comment link and remain active on the platform. A tutorial on using the platform for spot and futures trading is also provided. After registering, fill out the second link's form with your email and UID, then join the Discord via the displayed link. In the "inscription" channel, use the command "/AF", select "affiliation Wix", enter your UID, and click "enter" to link your Wix and Discord accounts. Active engagement on the platform will unlock VIP crypto channels and the "market rapport code" channel, where derived strategies are published. Regarding the altcoin market, BNB is often used as a good indicator. It suggests a retracement for the second quarter, a topic previously discussed. The second quarter began on April 1st and ends on June 30th/July 1st. Looking back at the first quarter, which started on January 1st, liquidity was recovered from December's peak. A breaker block formed, signaling an inversion, indicating a bearish second quarter, which indeed occurred. This mirrors the previous year's second quarter movement, particularly visible on Bitcoin. For example, Bitcoin's second quarter in 2023 saw a recovery of the first quarter's low, followed by a breaker marking an inversion, leading to a bullish second quarter. BNB is currently in a similar situation. Notably, BNB has purged liquidity from the previous week's low, which was a bullish week. The strong reaction suggests a recovery towards April's peak. Monthly charts show April's peak at $655, and it's anticipated that the broken fair value gap will be retested, acting as a strong resistance zone. The immediate target is April's peak, referred to as "PMH" (previous monthly high), and the monthly fair value gap beyond $687, which is March's peak. The expectation is to address these fair value gaps. However, this doesn't imply an "altcoin season to the moon." Selectivity is key, as money isn't broadly entering the altcoin market. Instead, it's flowing into Bitcoin and Ethereum ETFs. While XRP has seen some activity, the overall altcoin market lacks demand, as indicated by the absence of new money printing for several days. This necessitates focusing on assets with strong dynamics, like BNB and Solana. The "rapport code" indicates Solana accumulation on the CME, suggesting a potential retesting of its gap in the second quarter. While a "breaker" formation on Solana could signal a protected low and upward pressure to fill the gap, it's not expected to be a massive rally. Other indices, like "Oders," show a range-bound phase but with forming structures that could signal retracement. The first target is the short recharging zone between $203 billion and $217 billion, potentially retesting January's peak (the previous quarter's high) around $235 billion. Again, extraordinary movements are not expected due to low overall crypto demand, which is causing altcoins to fall against Bitcoin. The bearish signal is confirmed, indicating Bitcoin's outperformance. Bitcoin dominance is rising, suggesting a bullish second quarter for it, as Bitcoin absorbs liquidity, driven by ETFs. With limited liquidity entering the market, and numerous altcoins, large upward movements are challenging. While retracements are plausible (e.g., short squeezes), significant altcoin rallies are unlikely. The altcoin-to-Bitcoin charts show a bearish structure, with an MTP (market trend profile) and a broken bullish fair value gap, the inverse of Bitcoin's W-shaped pattern. This implies further downside for altcoins against Bitcoin, potentially 6% to 15%, meaning Bitcoin will continue to outperform. Even ETH/BTC is in a bearish movement for the second quarter, suggesting Ethereum might underperform Bitcoin. While Ethereum itself is bullish, it's performing less strongly compared to Bitcoin. Ethereum dominance also shows a bearish trend, despite a slight rebound, reinforcing the need for selective investment. The Total 3 ESBTC index, representing altcoins against Bitcoin, is also bearish, retesting its median threshold. Despite a small rebound, the overall dynamic remains bearish, following a consistent trendline. To identify potential resistance zones for altcoins, the VWAP (Volume Weighted Average Price) tool on TradingView is useful. It indicates the average purchase price for investors. Combined with the "Range Volume Profile" (if available), which highlights high-volume execution zones, it can pinpoint areas of strong resistance. For example, on Ondo, the VWAP suggests that prices around $0.44-$0.50 could act as a resistance zone, as it approaches the average purchase price of investors. Given the lack of demand, these areas will likely attract sellers looking to break even or minimize losses, leading to a potential reversal. Investors typically sell at significant profit or loss, rarely at break-even or slight loss. As prices approach the VWAP, investors who were at a 60% loss might see it reduce to 20-30% or 10%, prompting them to sell. This creates resistance, as new buyers are needed to absorb this selling pressure. With low demand, prices are likely to turn around after encountering these sellers. While an asset like Ondo could see a 40-60% progression towards these VWAP levels, it's not a "to the moon" scenario. The strategy is to trace VWAPs from recent tops; the closer the price gets, the more sellers will emerge. Currently, many investors are "bagholders" who bought higher and are waiting to sell. If demand is insufficient to absorb this supply, the price will likely reverse and head back towards previous lows