Today observation
BTC outperformed ETH SOL
BTC underperformed DOGE
Discuss
Where is we ?
SECRET
If Rose sends alt signals at early Monday, they normally fail.
If Rose sends Alts signals at late Thursday or late Friday, they normally come to Top winners at Sunday.
If this wedge is completed in Summer, Output will be normally a Fakeout.
If this wedge is completed in Q4, Output is normally A real Breakout.
In Q4 2017
There were so many catalysts, many dreamers, many tech stories... There were so many next ETHs, next BTCs, next GOLDs that time.
That caused max FOMO that time about Altcoins/ ICOs/ Blockchain ....
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Firstly Dady Doge pumps
Secondly Big Pets follow
Thirdly baby Pets follow
Finally your friends ask you to invest meme at Q1-2025
Top of Cycle will hit in this Q4 (happy to see if being delayed abit into early Jan )
Late Jan & Feb 25 will be full of tears.
If there are any pullbacks at Q2-3 2025, It is just Wave 5 in Macro Eliot.
Meme craze now will work like FOMO alts at Q4-2017 (Up fast & sharp correction)
Study charts of XRP NEO ETH LTC at Q4-2017.
Vibe Alts Q4-2017 = Meme now.
Alts look heavy but BTC is Not dropping
The point is when you think about shorting Alts is the moment BTC starts pumping 😂
The art of trading is
- Short biggest losers in Bear market
- Chasing weird coins (one of them is not like others) in Sideway market
- Buying coins outperforming Bitcoin in bull market