I think it's really important not to conflate a few days of red price action with high time frame bias.
I am firmly of the opinion that this is a yearly open shakeout after some overly eager participants levered up too big, too early.
I am very bullish on H1 2025.
$ETH
correct me if im wrong but pepe flipping shib and doge is kind of the only narrative going on in memecoins rn
and the only thing that big institutional liquid money can rly confidently play with
they have no incentive to play in this low liq cesspool
Pepe probably continues to pull ahead and outperform smaller memes
$BTC is now on track to break $80,000 and does not look like it is going to stop there. Now that Trump is officially elected I am expecting the euphoria phase of the cycle to come in the near future.
BTC.D is now 60% and close to tapping the ceiling before it drops off. Once we go sub 53% that’s when we will see memes and alt coins start to go crazy.
$PEPE has been consolidating for months and is ready for another leg up. Keep accumulating every dip while you still can. We will soon catch up to $BTC once $ETH decides to wake up 🐸
$Pepe is looking exactly like $Doge in late 2020...
Same set of price action right as $BTC is pressing ATH's...
You've been warned who the king meme coins is this cycle... the question is will you do something about it or choose to cope & seethe as a sidelinoooor? 🐸
The recession will come & many bears will tell you "I told you so" but not before #SPX makes new ATHs and they've been completely wrong. Not before people start to believe in the "soft landing"
The combination of PA - Run the highs & then run the lows + The 10Y-03MY bond indicator is still the best predictor
When the 10Y-03MY crosses above the 0 line that's when we get the recession and not before
There will not be a soft landing. The difference has never been higher. There will hard landing. Just artificially (centrally) postponed for now
Till then there is a time to make big bucks when the rotation from major stocks begins & #crypto catches up
Then sell, wait for recession, buyback super cheap, and enjoy the next decade of a bull market
It's these three super dumb easy steps to follow that will bring you the riches. Not trading a crab range
1) Hold now till the combination of 10Y-03MY crosses 0 line and stocks make new ATH
2) Sell and be patient till the recession plays off and stocks make new lows
3) Buy & Hold for the next 5-10 years
The US currently has higher interest rates than it had prior to the Great Financial Crisis of 08!
It also went from lower numbers and much faster and the conditions are even worse ‼️
Most of the time both parties are wrong. Bulls & bears. Bulls think recession won't come and believe in a soft landing, while bears mistakenly thought we gonna have the largest crash ever straight from the top
Timing is everything here, otherwise, you get rekt
And while nothing is ever the same, we can spot a lot of similarities between 08 & now
If we look at the time spent from the beginning of the rate hike cycle -> pause -> rate drops it took an overall of 3 years!
If we apply the same analogy to now, that'd mean that the rate drops and possible recession would start around May 2025!
Now I think this time around it comes a bit faster but not as fast as many bears pray for. As I said we went from lower numbers, went higher & much faster. Imo this time around rate cuts comes faster too and they nicely collide with US elections in fall 2024 🤔
We also see a nice similarity between 08 & now in terms of price moves. We see that during the rate hike & pause cycle the price overtakes the prior ATH. Imo that will be the case here too, but we go a bit higher this time around, as there is more time left and we also moved towards a new ATH way quicker.
We also gonna spend more time around building a nice bullish sentiment and the narrative of a "soft landing". And then when everyone is complacent again and all the people that were scared of recession finally jump back in, is when things start to go south.
The main markers to watch for then are the yield curve crossing back above the 0% line, high unemployment, and big bullish sentiment
I'm very bullish till then. As I've been saying previously, timing is everything. The market can go higher for longer, then you can remain on the sidelines
Then it can go lower and faster and on way worse news than you will be able to calmly hodl through without panic selling
The intention of this post is to keep this HTF play in mind and not get fooled by either party, especially when EEEEVERYBODY will tell you why we will go up only & then down only and zero. Hope it helps you to make the right decisions🙏
Le récap’ de l’actu #crypto
1) 300 millions d’inflow sur les ETF’s #Bitcoin hier
2) Le CEO de BlackRock déclare à la TV s’être trompé sur $BTC en vantant désormais ses louanges en tant que classe d’actif à part entière (et résiliente)
3) Donald Trump participera comme prévu à la conférence Bitcoin à venir, mais également hier il a nommé son Vice Président dans le cas où il serait élu, ce personnage étant pro #crypto
4) Les ETF’s sur #Ethereum devraient être lancés le 23 Juillet 2024 soit dans une semaine
5) 80 sociétés ont révélé être détentrices de 17% des avoirs en $BTC au travers des ETF’s spot
6) Rebond important d’une majeure partie du marché ainsi que des minières et Coinbase aux US
7) Les mineurs continuent de montrer des signes de retournement de fin de capitulation
8) La Corée du Sud pourrait repousser la taxation des gains crypto jusqu’en 2028
9) Le projet $XDEFI (Wallet) devrait annoncer son rebranding cette semaine
10) Le projet $ATOM Cosmos fera son upgrade v18 le 17 Juillet demain, cela devrait permettre d’avoir plus d’utilité concernant le jeton et notamment en permettant au Cosmos Hub Gouvernance de décider quels contrats CosmWasm peuvent être déployés sur leur écosystème
11) Radiant $RDNT se lancera sur Base ce mois-ci
12) 66 millions de tokens $ARB seront unlock également courant Juillet