I have cashed out while ago from all my crypto positions, in to stable coins, and I wasn't very wrong since all of them started a side way range which can bother your mental health :)
to be specific I check and trade these: LINK, GMX, ILV, ORDI, KAS, ADA, MATIC, FET, ALGO and ETH
why I don't buy now and why do I believe very soon it will be time to buy back in?
I share some charts with you, and all of them has this thing in common: there is a liquidity formed in daily charts, and below it there is a demand zone. these two together are enough reasons for me not to buy before that liquidity is collected and the demand zone touched. after that there would be a big opportunity for above supply zones, since the weekly charts are still bullish and there seem to be proper hidden divergences in the dips of weekly chart.
take a look:
MATICUSDT
ADAUSDT Cardano
GMXUSDT
ORDIUSDT
I understand your perspective, and it seems that you have identified a possible correlation between the search for liquidity in the altcoins you mentioned and the potential movement of Bitcoin towards 35k. Bitcoin's influence on the cryptocurrency market is significant, and its movements often impact other coins.
Waiting for Bitcoin to seek that liquidity at 35k before considering new entries in altcoins appears to be a prudent strategy. Observing the interconnection between Bitcoin and altcoins is a common practice in the technical analysis of the cryptocurrency market.
Hello buddy and thank you for your comment. I do agree with you just I have $37K-$38K in my chart for BTC to watch and any touch to that area triggers my bullish sentiment