Some background on the quoted tweet below:
So the question was- "Cred, what if we hit 74k, confirming our $BTC top in in fact in?"
And my response was: "If that's the case, then our alt season comes sooner rather than later."
As I have stated many times, the biggest alt season is expected to happen post $BTC top, NOT before.
The quoted tweet was then the response which basically asked "why would we see an alt season if we haven't seen one yet despite the "top" being in (hypothetically, assuming 74k is breached)."
My chart below is a response to that, let's take a look:
In 2017, after our last cycle ended, Bitcoin topped at the GREEN dotted line at 20k on December 17th.
Bitcoin then dropped 50% to 10k denoted by the RED dotted line.
After THIS point, following a 50% drop on Bitcoin post BTC top, we had our MASSIVE alt season which sent total alt marketcap from 170B (the day BTC hit 10k) to nearly 500B, or 3x off the lows, and new ATH.
The major alt season of 2017 that everyone so fondly remembers, didn't actually begin until AFTER BTC had topped AND corrected 50% off the highs.
So hypothetically, even if $BTC has topped and 74k is breached, (playing devils advocate here, I don't expect this to happen) no, I am not selling my alts and yes, we will still see the greatest alt season of the decade imo and that won't change even if BTC corrects significantly off the highs first.
Every bull run has a point where fear peaks, charts look broken, and everyone swears it’s over. That’s not the end, that’s the reset.
The past week flushed out leverage, wrecked confidence, and set the stage for cleaner upside.
It’s exactly how the market breathes before the next move
WEB3 GAMING JUST LEVELED UP!
Shrapnel is leaving Avalanche for GalaChain as they're partnering with China’s gov-backed blockchain to onboard 600M gamers.
Shrapnel will use 10% of China revenue to buy back $SHRAP.
@GoGalaGames and @Benefactor0101 are quite literally changing the landscape here, and finally, we’re seeing something exciting coming from Web3 gaming.
Massive move for Web3.
HERE IT IS🧐🧐🧐
MOMENT OF TRUTH ❗❗❗
I THINK WE BREAK THIS FIRST WEEK OF AUGUST AND EVERYTHING GOES PARABOLIC 🚀🚀🚀
TOTAL 3 AFTER MANY YEARS ON A CUP AND HANDLE EXACT RESISTANCE 🎯
WHEN THIS BREAK FLOOD GATES OPEN 🔥🔥🔥
WAVE 🌊
AFTER WAVE ,🌊 🌊
AFTER WAVE 🌊🌊🌊
#altseason #altcoins #btc #bitcoin
#Altcoins
TOTAL3 has bounced off a 2 year trendline and has almost simultaneously broken an 8 month downtrend.
The start of a wild ride has begun.
Dips are for buying.
Ethereum ranks 28th in global asset market value, with $460 billion, surpassing Vanguard.🚀
Will it surpass Exxon or Mastercard soon?👀
#Ethereum#Altcoins#btc#CryptoMarket#crypto
#Altcoins
Wow. TOTAL2 is about to reclaim an 8 YEAR trend line.🤯
2W candle closes in a few hours. Will update tomorrow.
This is so huge tbh. We're all not bullish enough tbh
Gaming is starting to send… 👾📈
Been calling this all year... got hated on the whole time.
Now it’s waking up, and I’m more convinced than ever it’s gonna pump the hardest.
What gaming plays am I missing? 👇
Bull run has started and many people will sell early due to bear market syndrome and that will be your biggest mistake. If you don’t touch your altcoins and just check your phone in 4-5 months from now, they should be up 4x-10x at minimum.