Summer rally will run by the end of August and a sharp correction comes at early September.
Читать полностью…"Dropped 80% from the top" is supposed as a support
#WLD down -85% then bounced 60%
#ALT down -83% then bounced 40%
The global crypto market cap is $2.38T
Meme market cap $50B
Ratio meme/total = 2.1%
Meme family is massively undervalued
1963 - John F. Kennedy - The US Dollar backed by GOLD
2024 - Donald J. Trump - The US Dollar backed by Bitcoin
The difference is Kennedy was assassinated but TRUMP was survived.
Illuminati
Solana is exactly Ethereum version of 20-21.
In 2024 Solana onchain activity is in full bloom as Ethereum Defi 20-21
Think ETH is like when BTC was young
SOL is like when ETH was young
When bull comes, just try to optimize your moves
ROSE
It's been 7 years since the first day the channel started. We have been strong and active for 3 macro crypto cycles and many micro cycles.
In order to eliminate the confusion of name and the abuse of imposters/fake roses, I would like to rename the channel to 👇
ROSE
t.me/Rose
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ROSE
t.me/Rose
Be Water
October23-March24 => BullRUN
March-May => Distribution
June-July => Summer Correction
Lately July - Lately August => Summer Rally
Correction in September.
US Consumer Price Index announced.
(YoY) Actual: 3.0% Expected: 3.1% Previous: 3.3%
(Monthly) Actual: -0.1% Expected: 0.1% Previous: 0%
Projects like #TIA #SEI #SUI were so hyped in lately 23- early 24.
Already down 80%.
Now It's time to them to get hyped again
Majority of altcoins had a tough summer with 70-90% drop.
However, Summer was just consolidation time for meme alts.
A new meme rally is likely to come
PEPE WIF DOGE SHIBA ... are too big ?
the next one to be chosen is #TURBO in Ethereum family
BTC printed lower low in July while ETH SOL keeps holding the low.
=> ETH SOL should outperform BTC when BTC is back to bullmode.
A Sharp Correction at September.
There were few things that caused local fluctuations in last few days.
- German Government sold out whole their bitcoin
- Donald Trump survived from assassination
Bitcoin went up 5% from Friday but in daily still under local resistance ( EMA25 resistance + Ichi brown line )
History Data shows:
- Mid July of 2017-18-19-20-21-22: BTC hit bottom of Q3.
- Mid July of 2016-23: BTC went sideway then crashed at first days of August.
Justin Sun's unrealized PnL at the moment -80M$
Who will win ?
Justin Sun or Jane Street ?
574M$ ~ BTC remaining in Germany Government.
At the peak their balance was at 3.5B$ ~ BTC.
They sold ~3B$ in total 3.5B$ in past 1 month.
In every cycles, 550-600 days from The bottom of bear market is a interesting time.
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