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- The Summit Post #43
The Summit Post #43
Market update
Hello everyone!
Welcome to edition #43 of The Summit Post, my free newsletter focusing on crypto market updates and investments.
Today we’ll have a look at:
Bitcoin
Ethereum
Portfolio
New group
Let’s dive into it!
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Marco Johanning
Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or any form of endorsement.
Always conduct your own research and consider consulting with a qualified financial advisor before making any investment decisions.
The author and publisher of this newsletter is not liable for any actions taken based on the information presented.
Bitcoin
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/0423892f-e651-4d4f-ba79-f2a6fa4dbbe8/BTC-monthly.jpg?t=1709284047)
Bitcoin printed a 43% candle in February - the largest monthly candle ever! And the close was only $200 below the highest monthly close in the history of Bitcoin.
The ETF inflows are correlating with the Bitcoin price and the net inflow was huge in February.
Retail is coming into the market very slowly. I’m looking forward to the altseason!
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Ethereum
While Bitcoin is only slightly below it’s ATH, altcoins are lagging behind as usual.
The money flow is Bitcoin - Ethereum & high caps - Small caps.
Even in this BTC ETF situation, that we will see an altseason is out of the question. The only question is when.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d09acd46-2fd7-4e31-b268-a8ccded219fb/BTC-weekly.jpg?t=1709284198)
It is possible that we will have a correction first - ETH is close to an important htf resistance.
But tbh, if institutions keep buying Bitcoin at this pace, we could have a parabolic continuation for a while.
Portfolio
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/71501953-35c8-40d6-9474-a3b0844948c3/portfolio.jpg?t=1709284575)
Reflecting this pump, our Portfolio made a new ATH and all positions are in profit.
As this is a long term portfolio, this is not the time to take profits. It will rise a lot more in altseason!
New: Private Group
The bull market is in full swing, but in altcoins, opportunities will soon be increasing every day! I've set up a new group especially for this.
Daily additional heatmaps and trading ideas
This will be an addition to the daily Twitter update. More Coins, more Liquidation Levels, more ideas.
Early altcoin calls
I gave you $DeFrog $NRK $AGC and more in the public Telegram, and I will continue to do this - but the opportunities will get more and more!
I will post it in Telegram first, because writing a post or thread for Twitter takes time. So you will have some time in advance to make a decision, before it spreads on Twitter!
And the best:
It’s a private Telegram channel, but it won't cost you a penny!
To join: trade with an account referred to me, so you have to use one of the following affiliate links.
Exchange options:
If you actually trade with this account, write me a DM on Twitter, and I'll add you manually to the group.
Please send me your UID only once you trade regularly with your account (I can see that in the dashboard).
Thank you for reading and have a great day!
Marco
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P.S.
Whenever you’re ready - there are 3 ways I can help you:
Free Telegram Channel: Focused on trading and daily updates.
Consulting and Coaching: Answer to this mail or reach out to me on X to schedule our first session.
Get discounts: I have affiliate links to data providers and crypto exchanges with interesting discounts and bonuses.