$BTC.D and alt season
Alts come next, so far so good ✅
Quick update on the state of altcoins and alt season.
My thoughts are still the same as they were before.
For the first timers, we said that:
1⃣ $BTC would run first (if the breakout is real which be bet big on, safe to say it is well on its way)
2⃣ Alts would come next
3⃣ And this next alt season would likely start off 65% (see last post)
I also posted several hints that expecting 70% may be too greedy and many alts have bottomed.
In anticipation of the momentum on $BTC.D finally shifting, we indeed took several high timeframe altcoin longs which are all up now.
Combined with $ETH's 'unexpected' strength, that drives $BTC.D down.
.. and it rejects exactly from the Quarterly breaker open into a quarterly POI and the macro 0.66 fib.
A monthly close below the wick confirms the full shift in momentum and we receive our 'true altcoin season' I talked about (I decided not to wait for that close though personally as has become clearly evident).
We're late in the cycle, for $BTC that is, but for alts, that still means significant upside, hence why we bet heavy on alts recently, not only taking those high timeframe longs (all in live time), but also continuing the altcoin challenge, and buying $ETH heavy, all back when $BTC.D was 65%.
With such stance, one would want this to finally play out. Will be monitoring careful for other metrics as $BTC.D is just a consequence of many market dynamics combining. But it's a good summarized view of the market's state.
Currently, indeed shifting momentum and we can feel it play out.
Alts going higher, not giving easy entries (unless you enter aggressively) and numbers seem to fly by.
Play it right and you'll make money.
$86 billion in revenue was generated by the Asian gaming market last year
70% of this was from mobile games
now the no.1 mobile gaming companies in Korea and Japan are both partnered with Immutable
I just bought $500K worth of Bitcoin
to support the whale group who are
trying to liquidate the 40x short insider
whale at $86,600 for $381 million.
Let’s fcking gooooo
Feels like should be close to end of panic, for now at least, and spend at least a few weeks back recovering. (Stocks). Then the market reassess.
Looks like force of equity selloff pulled Bitcoin down a 2nd time but looking for all boats to rise again for now. All oversold.
Now is the most obvious bull setup I’ve seen in 7 years of crypto:
BTC Dominance at supply
ETH/BTC at demand
Last time this happened, alts went parabolic
🧵: Will history repeat this cycle? (When and why) 👇
BREAKING: Representative Mike Collins just disclosed buying up to $80K of Ethereum, $ETH.
He also bought another $15K of an altcoin called Aerodrome, $AERO.
Full trade list up on Quiver.
@fastracktrades
Netflix coming for you, will make a documentary of this scam.
Guessing you are allready setting up a shitty plan to scam Netflix as well.
#fasttracktrading#scotttrieste#ruggpull
@strieste_ftt
Those who are missing the deducted amount, where the payout were cancelled, when will this be returned? Waited since 24th sept and still hasn’t been returned?
Things seemed a bit SLOW 🐢 and not on TRACK ❌ in the prop TRADING 📈 space, so we asked our friend Mater for a little help.....
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