musclekong

[musclekong @musclekong]

@CoinbaseMarkets Get Ready To $FIGHT

[musclekong @musclekong]

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#Painfession @Pain

[Rekt Capital @rektcapital]

#BTC

3 Phases of The Bitcoin Halving

1. Final Pre-Halving Retrace

The Pre-Halving Retrace has already occurred and is in the books

However in this cycle Bitcoin produced two Pre-Halving Retraces: -18% in March and another -18% pullback this April

In previous cycles, this Pre-Halving Retrace was -38% in 2016 and in 2020 it was -19% deep

This Pre-Halving Retrace represents the final bargain-buying opportunity in the Pre-Halving period

The Bitcoin Halving occurred 5 days ago

So that final Pre-Halving bargain-buying opportunity is now over

The Pre-Halving Retrace is over

However, the Pre-Halving Retrace tends to occur with the sole focus to develop a Re-Accumulation Range which will be the next phase in the Bitcoin Halving cycle

2. Re-Accumulation

Now that the Pre-Halving Retrace has occurred, it has set up the very foundations of the Re-Accumulation Range

This Re-Accumulation Range tends to develop a few weeks before the Halving but the majority of this Re-Accumulation Range forms after the Halving

This Range concludes with a breakout from it several weeks after the Halving

The goal now is for Bitcoin to move sideways to catch a breather, for the market to cool-off after fantastic Pre-Halving price performance

The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)

Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving

3. Parabolic Uptrend

Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)

It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend

Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle

$BTC #BitcoinHalving #Bitcoin

[Wormhole @wormhole]

MultiGov Brain Trust 🧑‍🍳

@tallyxyz @ScopeLift

[Rekt Capital @rektcapital]

#BTC

We are here (green circle)

And if you can't really see the recent dip...

That's precisely the point of this post

$BTC #BitcoinHalving #Bitcoin

[Wormhole @wormhole]

Wormhole Connect is the fastest way to get started with multichain development.

Connect is an open source reference implementation of the Wormhole Messaging SDK that developers use to embed token transfers and swaps directly into their applications — with just 3 lines of code.

[musclekong @musclekong]

GM! Do you know 5,000+ Runes have been launched in 2 days?

And @Rune_coin (RSIC•GENESIS•RUNE) is:
• 🥇 in market cap
• 🥇 large-scale airdrop
• 🥇 in no. of followers
• 🥈 in no. of holders (🥇 soon 🤝 @Stakeland)
• 🎱 Runes #8! 發! 🥠

ALL FAX, NO PRINTER! 🫡

[Wormhole @wormhole]

The recording of @danreecer_'s keynote from @WebSummitRio yesterday is available on the Wormhole Youtube: https://t.co/XO17fQcAER

The talk covered:
➤ Intro to interoperability
➤ Interop for fintechs and banks
➤ Leveraging Wormhole for multichain RWAs
➤ Other use cases

[Memeland ❤️ Memecoin @Memeland]

❗️Submit Ordinals Wallet ❗️

Are you ready for the meaty rewards? 🥩

Please submit your Ordinals wallet address if you are FARMING @Rune_coin via STAKING $MEME and/or COMPLETING quests on @Stakeland.

Each address can only be submitted once.

➡️ https://t.co/6g2s0EVjNE

If you don't have an Ordinals wallet, you can easily create one with @Binance Web3 Wallet, @okxweb3, or @xverse.

🚨 YOU WILL NOT GET ANY REWARDS IF YOU DO NOT COMPLETE THIS TASK. 🚨

[Crypto Koryo @CryptoKoryo]

Bitcoin Runes are there!

And so is my new dedicated Runes dashboard on Dune.

Today, 70% of fees paid on Bitcoin correspond to Runes.

Let's dive in 🧵👇🏻

[Michael Saylor @saylor]

15 Years of #Bitcoin in 15 Minutes

[Rekt Capital @rektcapital]

#BTC

The Pre-Halving period is officially over

Post-Halving Re-Accumulation begins today

This phase represents the very last bargain-buying period before Bitcoin enters the Parabolic phase of the cycle

$BTC #BitcoinHalving #Bitcoin

[musclekong @musclekong]

🟧 Things I’m looking at today 🟧

1. Bitcoin's 4th Halving happened at block 840,000
2. Runes Protocol is live
3. @Rune_coin secured the luckiest number 🎱
4. Two days until the @Stakeland quests

[musclekong @musclekong]

@BoredApeYC Musclekong here

[Bored Ape Yacht Club 🍌 @BoredApeYC]

Announcing the Bored Ape Yacht Club! 🐵⛵️

10,000 unique #NFTs where each Ape doubles as membership to a digital club with member-only benefits.

For a chance of winning a Bored Ape:

1 - Follow @boredapeyc
2 - Retweet This
3 - Like and Comment on this tweet.

#NFT #nftcollectors

[Wormhole @wormhole]

Wormhole Gateway is an appchain powered by the @cosmos SDK that allows any Cosmos chain to connect to Wormhole with one simple IBC connection.

Gateway broadens access (and brings liquidity) to the Cosmos ecosystem while also adding security benefits to the Wormhole platform.

[Moca Network @Moca_Network]

The seatbelt sign is ON, as Lots are secured for the $MOCA Community Public Sale 🔒

👁️ Moca PSA: It IS NOT a snapshot for any $MOCA airdrop. The airdrop mechanism is completely different and separate from the $MOCA Community Public Sale. More details about the airdrop snapshot, mechanism and logistics will be announced shortly 🪂

NFT holders who sell or transfer their NFTs will risk having $MOCA allocation cancelled.

[Rekt Capital @rektcapital]

#BTC

This is now an -18% deep pullback that has lasted 10 days thus far

Depth-wise, this is very close to bargain-buying territory based on pullbacks in this cycle (up to -23% deep at most)

Time-wise however, this is still one of the shortest retracements in this cycle (currently only 10 days long)

Previous pullbacks have lasted 2-3 weeks and at most up to two months

$BTC #Crypto #Bitcoin

[musclekong @musclekong]

#Runes is like teenage sex:
Everyone talks about it,
Nobody really knows how to do it,
Everyone thinks everyone else is doing it,
So everyone claims they are doing it.

But if you watch this talk by @rodarmor, you will be a pro.

➡️ https://t.co/cPBTKqx3Mj

@Rune_coin @Stakeland

[Rekt Capital @rektcapital]

#BTC

3 Phases of The Bitcoin Halving

1. Final Pre-Halving Retrace

A Pre-Halving retrace tends to occur a 28 to 14 days before the Halving event itself (dark blue circle)

In 2016, this Pre-Halving retrace was -38% deep and lasted 3-4 days

In 2020, this Pre-Halving retrace was -20% deep and lasted 56 days (8 weeks)

Currently, $BTC is just over 14 days away from the Halving, pulled back -18% in total over the past couple of weeks

If the Pre-Halving Retrace bottom is in...

BTC therefore would've repeated a lot of qualities from the Pre-Halving Retrace of 2020

After all, the most recent retrace was -18% deep and lasted 7 days or so

However, Bitcoin in 2024 also repeated some 2016-like qualities as well

Because Bitcoin began its Pre-Halving Retrace ~30 days before the Halving whereas in 2016 Bitcoin began its retrace 28 days before the Halving

As a result, it looks like Bitcoin may be repeating pieces of both 2016 and 2020 Pre-Halving price tendencies

But the goal of a Pre-Halving Retrace is three-fold:

a) To offer one final bargain-buying opportunity in the Pre-Halving period

b) To form the Range Low of the future Re-Accumulation Range

c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)

With the latest rejection at ~$70,000...

It's possible that we may now know where the Range High of the Re-Accumulation Range may be

As a result, it's possible that this Pre-Halving Retrace period has already established the very beginnings of the Re-Accumulation phase

2. Re-Accumulation

The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed

In other words, the bottom of the Pre-Halving Retrace historically becomes the bottom of the Re-Accumulation Range (red)

It's still uncertain if the Pre-Halving Retrace bottom is in

However, because a Pre-Halving Retrace has occurred already...

It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)

The goal now is for Bitcoin to move sideways going into the Halving and beyond

The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)

Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving

However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area

As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation

3. Parabolic Uptrend

Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)

It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend

Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle

$BTC #Crypto #Bitcoin