Even though the Bitcoin cycle is right on track, it is becoming more and more difficult for people to stick around due to 1 major difference:
Lack of Altseason.
This is officially the longest it has ever taken an Altseason to trigger, and most are wondering if it's even possible this cycle...
It's clear that Altseason will not be handed to us on a silver platter this cycle. If you want to be here for it, you're going to have to believe and hold through the unknown.
Altseason remains a critical part of the bull market parabola, which data has told us hasn't come yet.
Everything about this cycle has been pushed out, patience is the only way through.
This will not be a popular view, but it needs to be said.
#OTHERS / #BTC put in a new low last week.
So every rally by low-marketcap #ALTs against #BTC over the last 3 years were nothing more than bear market rallies.
You will see gurus all over twitter non-stop shilling memecoins as most of them asymptotically go to zero against BTC.
You will likely find a few of them in the comments on this post cherry picking a few to make their case.
But the chart of the collective altcoin market does not lie.
#ALT / #BTC pairs have been putting in lower highs for 3 years!
Most of the low marketcap ALTs they were shilling a year ago they have gone quiet about and they just keep on moving on to new, shiny memecoins.
Projects from a year ago got rugged, so they just do it over and over again.
The chart shows you what is happening, but yet many will *still* refuse to believe this.
About 2 Weeks ago, I made the claim that #Bitcoin topped out at 45k, and I am still sticking to it.
The LMACD adds another layer of confirmation with a cross of the Descending Cycle Mid-Top Trend.
So if this isn't the cycle top, why does this matter?
The mid-top typically brings a sizeable correction, which has been anywhere from 38% up to 52% (minus the 2020 black swan).
For investors that haven't taken advantage of Green Year Accumulation prices, this gives them another chance.
A 33% correction from the high brings us to $30,000.
It also typically ignites a sideways period, lasting about 5 - 6 months. This means Bitcoin would start to pick up again around May 2024.
While many are waiting for the January ETF speculation, I will continue to watch reliable data.
Everything about the cycles remains right on track!
According to the Halving Cycles Theory, we should expect a true cycle top +/- 21 days from Nov 28th, 2025.
My expected price is around 130k according to several key price experiments, but I will act at whatever price data tells me to.
🚀Dogecoin On The Moon Update🌕
Exciting news for the Dogecoin community!🌑
Astrobotic plans to send a physical Dogecoin to the moon in the DHL Moonbox via ULA's Vulcan Centaur Rocket on 12/23/2023. Funded by our community in 2015, this mission embodies collective effort!
#Altcoins
Tell me how you can't be excited when you see this chart?
The month still has 2 weeks to go, but we're currently seeing a gravestone doji candle on the monthly chart of BTC.Dominance, which is super bearish.
Trendchange = Altseason.🔥👀
Is the #Bitcoin bull market here?
Let's be crystal clear on this.
If you're thinking about new ATHs next, price discovery, and absolute euphoria inbound, then no... not quite.
That is reserved for Red Year, scheduled to begin after November 28th, 2024.
But if you mean the ramp-up to that then you're in luck, because that's where we are.
Blue Year gets us ready for the new ATHs. Every example has had a good performance, and price is on the brink of making new ATHs by the end of the year.
The cycles have so far been set in stone, structured and unwavering, centered around the date of the first halving, November 28th, 2012.
Greed is starting to creep into the market, do not be led astray as many were last cycle.
Still on track for a cycle top +/- 21 days from November 28th, 2025. My expected price is between 90 - 130k with most data pointing to 130k.
#altcoins#ETH market structure is showing a very bullish structure with a breakout about to be confirmed on the monthly timeframe.
Such a breakout could put #Ethereum into orbit. 🛰️🚀
Always good to know & study your counter-trade!
Below a recent example of the bear scenario:
"Drop to $30k-31k .. [then a] clean break .. main target $12k"
#Altcoins
As promised, the update on Altcoins.
I first shared this chart here 1.5 years ago and everything is going according to plan. It's just much bigger this time and therefore it's taking longer.
RSI: As soon as the🔵line is broken to the upside, we could see fireworks.
#Bitcoin HALVING RALLY 🚀📈
Make no mistake about it, the halving rally is going to happen. #BTC is in the last straight line, FOMO will kick in hard very soon.
Be ready.
JUST IN: There's so much pent up demand for #Bitcoin — $200 Trillion of Institutional assets that can't touch it until an ETF is approved - Top 4 global consulting giant Ernst & Young
It's coming... 🌊🌊🌊
Do you think we still have a chance to buy #Bitcoin in the best accumulation zone?
Yes or No ??🤔
Comment below.
Indicator PMO, aka Price Momentum Oscillator, moves very similar to last cycle. In the whole journey of Bull Run, it gives two-wave signal.