Like I mentioned in one of the previous Digests, corrections on the bull market can be severe, and you have to be prepared to withstand them. This time around was no joke; we haven’t seen such a correction since September last year.

Interestingly though, many altcoins didn’t suffer from such a strong dip. This can be partially attributed to Etehereum’s strong resilience above its psychological level of $1,000. Most of the currently popular projects live on Ethereum, and its resilience likely cushioned their prices.

In this Digest, I want to feature a quite controversial chart for a reason. It’s called a BTC Rainbow chart and is often used by one of my favorite people in the industry, Eric Wall (often for joking).

Although this model is rather naive and has a confirmation bias vibe, its message is important. When the price is in the yellow part of the specter, you should “HODL!”. Shakeouts are called that for a reason, and you don’t want to leave the market too early.

When sell-offs occur, identifying their source may help understand whether you see a correction or a trend reversal. This time, it was likely started by a Chinese BTC mining pool, F2pool.

We are coming closer to Chinese New Year, so we naturally see sell-offs during the Asian session. People are taking profits to buy gifts for their friends and family.

From a TA perspective, BTC has more fuel to go. According to our lead Bitcoin analyst, Nathan Batchelor, if the price will hold above $32,200, BTC can reach $55,000.

If you felt scared this time, consider reviewing your position sizes. You shouldn’t succumb to panic when prices drop because panic messes with your frontal lobe causing you to make wrong decisions.

Keep strong and let the profits come to you.

SIMETRI Portfolio – A Quiet Harbour

If you wanted to be anywhere last week, it’s SIMETRI Portfolio. While bitcoin and altcoins were wobbling, our Portfolio’s ROI remained plain, relieving stress from our subscribers.

Currently, our portfolio sits at 1,136% gains, exceeding last week’s ATH. Our latest pick, PARSIQ, tripled in just a week. Always happy leaking alpha!