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#Bitcoin & altcoins continue to do what they have done every previous cycle - 👇
The top chart is $BTC, the bottom chart is $OTHERS.D.
Think of $OTHERS.D as a gauge for how altcoins are performing. If its moving up, alts are a better hold than $BTC. If it's moving down, $BTC is a better hold than alts.
As you can see inside of our red shaded areas - as $BTC is charging towards its previous cycle ATH, we typically see alts underperforming dramatically. In each of the previous two cycles, $OTHERS.D has dropped AGGRESSIVELY during this phase of the cycle; just like what's happening right now. Also notice the light blue dots... same market structure each time.
HTF market structure still looks solid here. I think what you're seeing right now is a tremendous discount before alt-season. Take it slow, but this type of PA & fear for altcoins is familiar. People will tell you that it's different, but here is the data. It is not currently different. I remain extremely long until presented with new evidence.
This current cycle is showing incredible similarities to the 2017 cycle. Not only from a structural standpoint, but also from a timing standpoint.
In 2017, the purple box re-accumulation under the previous cycle ATH took 114 days before price finally exited with conviction. So far our purple box re-accumulation has been 105 days...
Even if 64k is on the table locally, I think #bitcoin exits to the upside sooner rather than later.
Already up huge on a lot of this. This is why you buy when there is blood in the street! 🎉
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Okay, let me get this straight
Bitcoin is at $69k
That's right - $69,000 US Dollars
Less than 10% from the ALL TIME HIGH
And people are Fucking bearposting?
62k, 55k, 44k
I keep seeing these fucking targets
What happened to everyone, did your balls get chopped off?!
DID YOU TURN INTO A FUCKING PUSSY?!
Lets look at the facts
Saudis are buying, Saylor is buying, Bezos is buying
and most importantly......FINK IS BUYING
LARRY "FUCKING" FINK
You can bear post all you'd like, I don't give a fuck
I'm going to be a bull through and through
Fuck your bearishness
FULL FUCKING SEND BITCOIN
LETS FUCKING GO
Sorry for the couple day break.
Yes, there has been a market pullback. Mainly in alts.
No, my market outlook hasn’t changed at all.
Btc is attempting to break its previous ATH and because of this everyone is on pins and needles.
The bull outcome is we punch through $75k by the end of the month and print a new monthly high candle indicating an immediate continuation of the bull market.
The bear narrative is that btc corrects within the flag one more time with a retrace to $65k before coming back up and punching through.
The bear narrative is probably a 7-10% retrace for btc and a 30-50% retrace for alts.
While the bull narrative is a breakthrough for btc which would lead to price to discovery for the entire market. This usually means the last leg of the bull market while btc runs to $250k~ and alts go parabolic making 5-10-20-100x gains.
With all this being said you have decide are you worried about a potential 10-50% pull back on your portfolio before the entire market does a 5-100x (depending how heavy you are in alts or btc)?
Or, would you rather play the cat and mouse and sell now and try to fomo back in when everything is going parabolic?
🚨THE BULL MARKET IS NOT OVER!!🚨
There is not a single soul in Twitter who is calling $73k the cycle top for btc. Use these times to DCA into strong positions and take risk. If you are 100% allocated into your positions don’t try and be a hero. Just sit on your hands.
Whether we break the ATH and go parabolic in the next 10 days or the next 100 days it is going to happen. Everything up to this point in the market was just the appetizer. The main bull is coming and if you hold any positions you are currently in (that arnt rugs or scams) will make new all time highs.
- Crypto God
Remaining about 20% in stables and still slowly adding to these gems on dips ✅
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The $10b mt. Gox transfers are pretty sketchy. Thats the only thing holding back this market from erupting.
If mt. Gox decides to distribute their settlement btc funds before the deadline of Oct 2024 that would be great for everyone.
Until mt. Gox gets rid of the btc the markets will always be on edge.
In other news the sol meme super cycle seems to be continuing with everything pumping into this btc sell off.
Whatever you do I would strongly suggest not to use leverage in these crazy times of volatility
Rumors are spreading rapidly that Wintermute has entered Solana MemeCoin.
https://x.com/funky_onchain_/status/1794410722824511587
This is a strong indicator for a buy on $boden under .3
🎊
Close above $65k today and we off to the races 📈🤘🏼
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As predicted (yes the graph was upside down 🙃)
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We are seeing major alts and memes preforming better than btc and being more resilient to the downside.
This is a sure sign that alt szn is around the corner.
Btc could certainly correct more but either way I would feel comfortable piling up some strong alts you want to hold for the alt szn.
Can’t go wrong with WEN and DOGE.
I started buying some strong coins here. I grabbed btc at $60k and DOGE at 13cents.
These are sure winners if you willing to buy and hold for 6mo to a year.
Currently staying extremely cautious. Lot is sideways and slowly bleeding btc the past month. Has caused alts to consolidate.
I’m watching BODEN, WEN, and DOGE on these draw backs.
BODEN has shown extreme strength. Their number 1 holder unloaded like $15m BODEN this past week and price has held solid.
Looking to buy on deeper cuts.
Don’t miss this easy buy and hold heading into the elections. These narratives are just starting!
Boden roughly 50% off its highs and a nice weekly trace.
Tremp 65% off its highs and is consolidating nicely!
Easy buy and holds now through the November elections.
"Buy when there’s blood in the streets...”
Baron Rothschild made a fortune FOMO buying when people panic sold
But the second part of his quote isn't recited as often
"...even if the blood is your own”
You often have go against yourself to be profitable
Hmm… what do you know. It was a scam dump. I hope everyone didn’t get scared out of their bags 📈✅🫡
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this is a scam dump.
there have been 4 FOMC's in 2024
every single one of them had the same scam dump
BTC dumped 10% in the 48 hours before all of them
on FOMC day it recovered the entire move
the market always prices in overly bearish statements, then reverses
Normie on base! About to breakout! This is a longterm hold that will follow Brett to billions!
its currently just $45m
0x47b464eDB8Dc9BC67b5CD4C9310BB87b773845bD
We are starting to heat up!🤓✅
Congratulations to those who are following along
There is not a more beautiful sight than watching the crypto market cap increase, vol increase, and btc dominance going down!!
GET READY! ALT SZN IS HERE!
Do not chase coins that already pumped. You will get rekt.
My top buy and holds into this alt szn are as followes:
(Portfolio weighted)
DOGE 33%
WEN 25%
COQ 25%
BODEN 17%
All of these coins have just started their breakouts and have many more pumps to go. Don’t go all in at once. Add on pull backs if we get any.
Beautiful 18-20% wick!🎉🎊 hope everyone listened
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Called it yesterday. We closed about $65k and rocket launched to $70k today ✅📈
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Hang on tight to your alts. Btc always moves first and then alts rally. Btc dom has been increasing. Peak bull btc dom is usually around 38%.
Alts still have an along way to run. Hold on your alts!
Rejection here at this trend line for $BTC
Nuke it
Btc continues the expect volatility. China efts did $11m of vol when they said it was expected to $300m.
Personally I’m looking at $56k btc to start accumulating strong alts. And I’ll buy down to $52k btc.
Thats the sweet spot where you can buy and hold for the next year.
Even now isn’t a bad time to buy just know odds are we keep sinking.
Obviously if we go back to new ATH before a further dip buy on the breakout above $75k.
If you ask me btc doesn’t look great. Especially heading into the weekend and weekly close.
Trade with caution and be prepared a deeper pull back.
This still applies