BTC, Q4 and Cycle Tops
i took the weekend off and i'm now back with a fresh analysis of what i think is in store for the next 3 months
BTC
i drew this fractal last month and surprisingly, it's been working to the T (till now)
if we did what we did back in march - april, we should bounce somewhere around these 2 magic lines called 1D EMA200 & 1D MA200 and resume ze pump in october
now, fractals are only as good as they look but this also coincides with our early september low around 107k and a sweep n reclaim of it would be quite bullish and would set the stage for Q4
but..what if we already bottomed last week?
well, a reclaim of 112k would pave the way for 117.5k and reclaiming that level would be omega bullish imo and if/when we do that, we probably make a new all-time high above 125k
118.8k - 112k is pivot so, if you're day trading, keep an eye on this level
Q4
october - december has always been an interesting time in crypto ~ almost all the major tops/bottoms have happened this time around only so, it makes sense for us to repeat the same, no?
to be honest, i dont know if we will top this Q4 or not but one thing i'm pretty sure of is, if we get a new ATH for BTC and majors, i would be taking the majority of my gains off the table
why?
because that's been my plan since the beginning of the cycle
plan the trade <> trade the plan
Cycle Tops
there's a lot of chatter going around whether we have topped or not but personally speaking, i think we have one more leg up in the next few months
i'm a big believer of 4-year cycles simply because it's been working for years, so, if we have topped before, maybe this time is indeed different but only time will tell that so..
you see, the issue here is, nobody 100% knows what's gonna happen and you can only "predict" by placing your bets, so i'd suggest developing a plan for both the scenarios
for me, my bull cycle invalidation is a weekly close below 1W MA50 because every time we have closed this line, it's the start of a bear market and since, it's been working quite nicely for the past few years, i'm gonna stick to this
tl;dr
- no cycle top yet
- higher price in Q4
- invalidation is 1W MA50
i strongly believe solana meme trenchers are the new 2022 cartoon people
if you think back to the nft cycle, it all started to fall apart in early 2022
less and less cooks over time, and people exiting the sector slowly one by one
more and more scams the more time went on
less opportunity for returns
that's been happening in 'the trenches' for a while now, but we are still in the early stages of the exodus
the key here is a universal truth of crypto
almost everyone who comes into crypto or has any semblance of success in a sector or field will quickly become a maxi re: what brought them success
the same way certain people never left cartoons and never moved on, people will stay in the trenches forever
same thing happened in the ico cycle in 2017 and in defi summer
99% of people in crypto get comfortable in their preferred niche, become tribal, and lock themselves into a sector forever
coincidentally 99% of people lose in crypto and never make it
you can disagree with me but if you do you will keep noticing what i'm saying is true over time
so what should you be doing now????
there are still returns to be found in the trenches but you need to size down
and you need to prepare your exit - exit for your capital and your mindset
it's time to find higher return opportunities elsewhere
be like water - that's the key to success in crypto
one foot in the trenches (for now) and eyes on the horizon
hyperliquid
Alright looks like I just need to post a bit about $LOUD and staying @stayloudio to discourage people to be interested in this project, over the next day or so.
Check out the leaderboard below I have no aspirations of top 20 (+ don't even think I could get it), top 1000000 is good enough for me.
Laudio is an utterly stupid experiment that makes no sense and will soon burn in hell, but at the same time, it’s perfect because I can’t criticize it without contributing to it. Damn Laudio.
$LOUD @stayloudio