we are back!
crypto is the only market where you can go from despair to euphoria in 2 days.
not only bottom call but also the V shape recovery which I have been consistently calling for is playing out.
sentiment is
cycle is over. memes over. crypto is worthless. VCs are scammers. builders have left. leverage is completely wiped off as well.
which is what you need for an upmove but that alone isnt enough.
but when you combine that with
BTC is so close to breakout.
Tradfi equities already reclaimed most of the losses and back into breakout region USD (major risk on signal) has broken down and
global liquidity is on the rise
gold is constantly making new ATH
is not something to be bearish about.
now we have a confirmed breakout in risk on assets and breakdown in USD.
we got the breakout in the meme index too. memes continue to be the dominant theme of this cycle.
but one good news for the bulls is that this breakout has also surfaced many of the utility alts too. for mania to kick in you need more than 1 sector to do well and now finally we are seeing signs of those.
next few days/weeks we are likely to see continuation of the rally.
sept seasonally has been one of the weaker months so wont be surprising to see some pullback then.
that would be the best time to get into those alts on those dips. also by then we will get a very clear idea on the winners. will publish them in the coming days.
Model is long BTC and SOL.
among memes
FWOG has been on an absolute tear. up over 500%
our thesis is playing out well.
the indicator perfectly captured this entire uptrend thus far.
wDOG story also is getting better and has both price and community momentum behind it.
among majors POPCAT continues to look the best.
selfie and billy will need to reclaim 20m and 50m to gain traction and momentum.
for those wishing to trade short term WIF & PEPE are one of the best coins (as they both have tons of volume)
the indicator has really been working well.
to sum it up. we got the breakout. dips are for buying.