Bullish on $PEPE 🐸
1. Dev supply isn't that big to dump to zero
2. demand has grown to absorb it.
3. If the bear market continues, money tends to flow into meme coins. And Pepe is the king of meme coins.
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Bullish on $PEPE 🐸
1. Dev supply isn't that big to dump to zero
2. demand has grown to absorb it.
3. If the bear market continues, money tends to flow into meme coins. And Pepe is the king of meme coins.
Turns out my bullish and bearish scenarios were spot on.
But i could only profited a bit from the bearish side...
Powell's speech tomorrow; need to find answers in this volatility.
Current pump might be a fakeout. Looks like it's purely driven by macro forces. Predicting macro is a funny game, but if it reverses, we might see the ATL $btc.
Ok. Didn't get the bounce I was hoping for. Cut some losses and closed my position. But not going short here. Feels like the moment I wanted to bet long. Gonna wait it out a bit.
I'm particularly bullish on $ETH's performance. Unlike $OP and $ARB, which have already factored in positive news like EIP-4844 into their price, $ETH hasn't even factored in the futures ETF yet.
I think the market has adjusted enough, so I'm betting on a short-term rise.
For a bigger drop, those bragging about bought this dip need to feel more pain.
🧵 (1/3)
That should start with trades higher than the current active price range, attracting high-leverage speculators.
So, I'm betting on a short-term uptick and will watch closely.
I think the market has adjusted enough, so I'm betting on a short-term rise.
For a bigger drop, those bragging about bought this dip need to feel more pain.
🧵 (1/3)
I expect movements similar to the last cycle's 29k-30k price range.
The real pain process, I believe, is when there's not much price moving and we hit a new low.
Might dip more, but I'm closing my position here.
1. Seems like bad news that wasn't factored in during the sideways movement has been accounted for (e.g., $CRV, SAM lockup).
2. Starting to hear bad news from the macro side (wasn't the case before).
🧵