MAX PAIN FOR CRYPTO ....
Will come with higher prices...
Retail sold at losses at the end of November and start of February. (see chart below)
Most are sidelined awaiting someone to tell them it's safe to buy some time in October.
__________________________________________________
What if..... it was really time to load up when...
Bitcoin was the MOST oversold it has ever been..
Bitcoin hit production cost line - A line it has only spent less than 0.5% of it's entire life under
Altcoins began rising as Btc/dominance stalled.
Fear and greed index hit its lowest reading since covid19 black monday
War broke out in the middle east and crypto went... up...
ISM manufacturing index put in its 2nd month above 50 signalling the US economy was expanding
High yield growth stocks outperformed government low risk bonds..
As I said, BITCOIN IS REPEATING 2022!!!
FIRST PANIC, LIQUIDITY GRAB, COMPRESSION
THEN EXPANSION
THE BOTTOM HAS BEEN REACHED, SMART MONEY IS ACCUMULATING
You can ignore it, but donโt pretend I didnโt warn you!
$BTC price action is pretty simple lately.
We're just waiting for a resolution of this rectangle.
Break above $71.8k = bullish; relief rally in store.
Break below $62.6k = bearish; $60k or lower in store.
One interesting thing: BTC pumped on the war news re: Iran. Typically, and up until recently, BTC has *dumped* on uncertain news.
This positive price move despite uncertainty is a behavioral change and shows that, now, even uncertain news is no longer having a bearish effect on BTC price action.
I interpret this as a bullish factor-- a possible "sentiment-bottom" type setup, kind of like last bear market, around Nov 2022, when FTX collapsed and the drop wasn't as big as would have expected. This is because sentiment was already very low and the price bottom was just around the corner (in hindsight we know this).
We could be in a similar zone right now.
However, since the trend is still down, I remain cautious and rather than guess at a direction, I think the most prudent decision is to wait for an actual break out above or below this rectangle ($71.8k or 62.6k).
He is correct, when market conditions improve things will get silly.
They will get extremely silly for $GIGA to itโs unique foundation.
The most obvious memecoin play in history.
There Never Was A 4 Year Crypto Cycle
This is just my opinion, but I think selling because of a
"4-year cycle" is a colossal mistake.
Every major crypto rally...2013, 2017, 2020, lined up with liquidity expansion.
Every crash lined up with liquidity tightening.
It wasn't the halving that drove the market.
It was liquidity.
QT ends in 2 weeks.
I'm not saying that post-QT = QE.
But I'm saying that post-QT removes the liquidity drain.
And that is the big deal for crypto.
One of the MOST RELIALBE signals for Alt Season that I've been waiting on has just fired
It has only happened TWICE
- Q4 2021
- Q4 2024
The MOST insane ALT SEASON is now guaranteed
Strap in, most people are completely unprepared for this
https://t.co/EcSTZ1snsx
โค๐๐๐
XRP was the nightmare chart:
โ ๏ธ No gains for 7.5 years.
โ ๏ธ Missed 2021 Bull Market
โ ๏ธ Gave community "Hope"
In Crypto, its better things die fast so you can move on with a new approach.
$XRP chart can teach many crypto lessons