I mean it, at this point that we’re now on the markets, no body knows that crypto is doing. We’ve had a huge BTC run, and most ALTS didn’t even move, we had ETH dump and come back in a matter of weeks. All the cycle theories, now are not working, cause they make no sense.
“We’re in a pullback” – No shit, after 100% on BTC we were supposed to pullback, but ETH is once again just vanishing. The markets are underperforming heavily.
Posted by SpanishGazpacho
9 Comments
Pardon my English it’s very late now and I’m sleepy.
When nobody know shit, we’re still in bullrun.
If everyone is a genius, we’re in the end of the bullrun.
I have no idea what you are looking at. Alts pumped at the beginning of the cycle… then BTC trended higher for 3 years straight.. gaining like 800%… then eth moved from $1500 to $4800 in a couple of months. Now eth is down 10% after pumping more than 300%. I would say this cycle so far is playing out very similar to how it has in the past. If you see large cap alts start to move in Q4 then this is just another cycle like the rest..
Sideway to 25% correction in Sept. BTC reclaims dominance in Oct w new ATH, loses steam and begins to dip, ETH and alts spike. Dec crash out. Act accordingly.
I imagine if you were able to scrape all the youtube and social media posts for evidence of pumping and hype, and just do the opposite of what its telling you to do, you would do well in crypto, because it’s all hype, and that hype is there to mislead you while they people paying for the hype and fear are pulling the strings of foolish people.
Welcome to market manipulation
I might not know shit but my boy Tommy Lee is gonna buy another 250k ETH next week and pump my bags. Whether there’s anything there or not, institutions are moving in size into the ETFs and treasury companies. I don’t have to know much to see the sharp downtrend in exchange reserves lately. Prices are function of supply and demand and the demand is being printed everywhere I can measure in an unrelenting pattern. So hodl.
This. This cycle feels different than all other cycles. So, it’s going to be interesting to see how next 4 months perform.
All I know is bitcoin is going up forever and everything else is centralized shit