My Theory about Echo bubble is still valid.
The point here is the CORRECTION part is almost over. The next is Summer rally.
One thing you need to understand is What happened in Echo is always SMALLER than the part of Original one.
It's not about price
It's timing to go
- Summer rally will start from 17th-20th July.
- Germany Government run out their coin
- ETH ETF inflows might start soon.
This rally will run till early 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%
early summer is nightmare for alts but lately summer is opportunity for buyers looking Q4 run.
Читать полностью…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.
Whale Mr.100 has been actively buying since 25th June.
https://bitinfocharts.com/bitcoin/address/1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
following fractals,
BTC continues boring zone till October
Lucky alts pumps in this season
Other alts remain sideway-down & still no sign of reversal.
In my view, the shakeout of Summer 2024 already finished
Many alts already dropped 80-90% from the high of April.
Now consolidation time before green-Q4.
In every cycles, 550-600 days from The bottom of bear market is a interesting time.
Читать полностью…October23-March24 => BullRUN
March-May => Distribution
June-July => Summer Correction
Lately July - Lately August => Summer Rally
Correction in September.
Due to massive hedge shorts in past few months, #TSLA short squeezed
Just wonder what will happen with BTC
If you remember the history of last cycles:
There were always 2 shakeouts in midcycle, where alts dropped 70-90%.
Summer 2016 - Post halving
Summer 2017 - mid-cycle
———-
Summer 2020-Post halving
Summer 2021
————-
Now Summer 2024- Post halving
we are about 90 days from recent halving date.
It was tough time for Alts holders.
"History doesn't repeat itself but it often rhymes"
Historically you have about 400 days left to make it again by picking right coins.
#BOND 15M$ marketcap
OI 33M$
Funding is huge negative
It will be delisted at 22th.
It's more than 10 days to go, not today or tomorrow.
I think There will be huge manipulation for this altcoin.