Drak

Crypto Cycle. $BB $LISTA $TAO $W $USUAL $PARTI

[Drak @drak_bm]

The more consolidation, the higher alts will pump.

Happy new Bing-Wu Year. The Yang Fire Horse - The Year of Volatility and Promise

[Drak @drak_bm]

Am I the only person who is bullish atm? Reason👇

Altcoin reach the Super Support Level (red line) and establish its bottom around mid June.

Then they moved up and have a small bounce back where i shared time to buy in nearly end July:
https://t.co/LmImKrl4N0

[Drak @drak_bm]

This FA match my TA and chart

[Bill Barhydt @billbar]

What a ride over the past few days……

The way I see it, there’s a short term & long term reason for the correction.

(yes this is a correction not a crash)

Short term: we just lived through a mini-QT event

The shutdown ran from Oct 1 to Nov 12. Taxes kept coming in, discretionary spending pretty much froze, TGA ballooned to $1T+ at peak.

TGA spikes = bank reserves fall = liquidity tightens = Bitcoin drops.

This shutdown effectively layered a mini-QT on top of the Fed’s actual QT. Add over $1B in liquidations on multiple days this month, and you get an exaggerated drawdown, but not a structural break.

Long term: Bitcoin is having its IPO moment

As @jvisserlabs explains very well in his Substack, Bitcoin is going through a “silent IPO” phase:

• Long-term holders (the ones who bought at triple digits or lower) taking profits
• New capital (ETFs, institutions, later-cycle retail) rotating in
• Ownership concentration falling & base broadening (which is what we want)

Very comparable to a traditional IPO cycle where early believers (partially) cash out and new long-term capital builds a base. Think Amazon after 1997 and Google after 2004.

Run → consolidate → distribute → base → next leg up.

This is a methodical distribution by people who survived Mt. Gox, the mining ban, every existential scare - OG selling is healthy.

So two (and a half) things hit at once:

• Shutdown drained liquidity (while QT still active)
• Natural consolidation + OG profit-taking

Now three things improve at once:

• TGA reverses
• QT ends Dec 1
• Institutions finally have clean rails to allocate

Sentiment is terrible - historically the most bullish signal in a liquidity-driven asset.

Buckle up and hold onto your hats y’all🚀

[Drak @drak_bm]

Seem like $tnsr and $dym MM read my post and know how to listen 🤣

As you could saw in my last posts, we just have a bounce back for alts since 2021. There's no waves such as mini uptrend, mini altss like others said.

The real one will shock you real hard, soon 😁

[Drak @drak_bm]

Am I the only person who is bullish atm? Reason👇

Altcoin reach the Super Support Level (red line) and establish its bottom around mid June.

Then they moved up and have a small bounce back where i shared time to buy in nearly end July:
https://t.co/LmImKrl4N0

[Drak @drak_bm]

What's the differences now compare to past months?
We now have Spring + double bottom in weekly timeframe + retest and bounceback above OTE.

What does that mean? A strong foundation for upward move. Mark my words and see you in next several months

[Drak @drak_bm]

Am I the only person who is bullish atm? Reason👇

Altcoin reach the Super Support Level (red line) and establish its bottom around mid June.

Then they moved up and have a small bounce back where i shared time to buy in nearly end July:
https://t.co/LmImKrl4N0

[Drak @drak_bm]

Time to add more

[Drak @drak_bm]

After Spring, altcoin retest its Historical Support Level again, close perfectly above (OTE) Optimal Trade Entry relating Fibo, then start moving upward.

What's my plan?
My view for next several months is still the same as the past months. "Big wave is confirmed".

[Drak @drak_bm]

$BTC UPDATE!
BTC show its strength after retesting its weekly key level. So if it break below, i'll change my view. Otherwise, still bullish

[Drak @drak_bm]

Once gold stop its hype, there’s no space to gain or play, capital will flow to digital gold (BTC).
Gold MC is around 30 Trillion atm, while 2 Trillion with BTC. Only 5 or 10% from gold will change the game.

[Miles Deutscher @milesdeutscher]

If you're in gold, rotate to $BTC

[Drak @drak_bm]

$TAO said: “what crash? It’s your last chance, my last gift. You take it? Good for you. If you dont, poor you” 😂
I said: “it will move its way”, “utility season incoming”, “not many people are ready to buy” 😁

[Drak @drak_bm]

Check your bookmark!
3 of my top 4 picks is doing great. $tao is taking its time and will move its way
I shared about $lista for year but seem like everyone is now getting their attention recently because of this image
Fundamental never lies, the game has not even started yet

[Drak @drak_bm]

So that’s the final events before a big wave, a Great Flood is coming ahead. As I said before, people now need to think twice or three times before making any decisions. Utility season is coming, and there’re not too many people are ready buy here

[Drak @drak_bm]

The crash (Spring) yesterday is what I waited for the last several months.
Market dont have any waves to play so retails need to move to future to catch some small waves

[Drak @drak_bm]

3. BTC move down low enough and alt create a good accumulation phase
Bonus: some Spring from altcoins may happen to shake out weak hand and bounce back, that's the time. If you don't know about Spring, see below

[Drak @drak_bm]

Meme traders came to BSC and they’re fucked recently. Spot, long-term holders are in loss and highly depressed. Future traders have no money left

[Drak @drak_bm]

Check your bookmark!
3 of my top 4 picks is doing great. $tao is taking its time and will move its way
I shared about $lista for year but seem like everyone is now getting their attention recently because of this image
Fundamental never lies, the game has not even started yet

[Drak @drak_bm]

Let me tell you some:
You can’t lose with $bb, $lista, $w, $tao
Bookmark this tweet and mark my words as well.

$parti and $usual will sit in the middle range, quite high potential but still have some risks so there’s no guarantee

[Drak @drak_bm]

Same here. Ignore all the noise, focus on only FA. Time will tell

[CrediBULL Crypto @CredibleCrypto]

Some of you will make life changing money constantly chasing the new hot thing in this space.

Most of you will lose it all.

Do this instead:

1. Find a project that makes sense to you from an FA perspective.
2. Study it extensively so you understand it.
3. Make sure the chart looks favorable on higher timeframes.
4. Then buy what you can afford, hold, and ignore the noise.
5. Sell it for more than what you bought it for at the end of the cycle.

Doing this increases the odds that you will be one of the people that actually makes it in this space.

[Drak @drak_bm]

@alitahd123 Why not lista? that's enough

[Drak @drak_bm]

People put their money in short term trending, few earn some lose.
People put their money in meme, few earn most lose.
Now people need to think twice or three times before they invest in something, they need some reason, so do the game maker. Utility token season is coming

[Drak @drak_bm]

Utility season is coming 🚀

[Drak @drak_bm]

People put their money in short term trending, few earn some lose.
People put their money in meme, few earn most lose.
Now people need to think twice or three times before they invest in something, they need some reason, so do the game maker. Utility token season is coming