If you are scared, read this.
In the first few days of November 2024, Bitcoin dumped from $71k to $66k, and everyone said the market was done, but then $BTC pumped 60% from $66k to $108k in just 45 days.
From Nov 4th 2024 to Dec 15th 2024, ETH pumped 75%, and the altcoin market cap jumped 138%, sending many alts 5x-10x in less than 2 months.
So this tells you the market only needs 45 days to give explosive parabolic returns.
Today we are at the same spot, Nov just started and we are dumping.
But all the data is positive
Fed will cut rates in December
QT ending Dec 1
QE is here ( Fed buying treasury bills )
Crypto market bill close to buying
US-China trade deal signed
Gold topped
U.S. stocks hitting new highs
So I’m not fcking leaving, I’m still bullish.
Crypto prices are being manipulated and suppressed. I don’t buy the idea that all the data is good, everything in the world is pumping with liquidity but crypto is done.
So I’m holding and waiting patiently. Definitely not easy, but we all knew the risks before we started investing into internet money.
My October prediction:
I think we are seeing a pump to make everyone believe PUMPtober is real and soon we can get a nasty drop where Bitcoin dumps closer to the $106k level and ETH dumps near $3800 or lower, and everyone will think Uptober is canceled.
This will happen to liquidate all the bulls and mainly the retail. This phase will happen until mid-Oct ( 15th-20th max).
When everyone is bearish, people think PUMPTOBER is canceled, shorts pile up, and bears are confident that’s when the market will bounce and start giving Q4 parabolic candles likely towards the last 10 days of October.
Then October monthly will close with a massive % gain, and the Q4 parabolic pump will start, which will send BTC to $150k-$180k, ETH to $8k-$12k, and the TRUE alt season will finally begin, sending alts 10x-50x in just 3-4 months.
I can be wrong, and we keep pumping from here. I’m 85% in the market, so I want it to pump from here, but the market always does the opposite, so I’m holding 15% cash to buy the dip/prepare for this scenario.
If it goes up, my 85% will profit.
If it goes down, I will use 15% to buy the dip.
To win in this market, you need to plan for both sides.
Overall, I’m giga bullish on Q4.
it like and repost if I should do more predictions like this.
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