45 Days Can Change Everything — I’m Still Bullish on Crypto!
If you are scared, read this.
In the first few days of November 2024, Bitcoin dumped from $71k to $66k, and everyone said the market was done, but then $BTC pumped 60% from $66k to $108k in just 45 days.
From Nov 4th 2024 to Dec 15th 2024, ETH pumped 75%, and the altcoin market cap jumped 138%, sending many alts 5x-10x in less than 2 months.
So this tells you the market only needs 45 days to give explosive parabolic returns.
Today we are at the same spot, Nov just started and we are dumping.
But all the data is positive
Fed will cut rates in December QT ending Dec 1 QE is here ( Fed buying treasury bills ) Crypto market bill close to buying US-China trade deal signed Gold topped U.S. stocks hitting new highs
So I’m not fcking leaving, I’m still bullish.
Crypto prices are being manipulated and suppressed. I don’t buy the idea that all the data is good, everything in the world is pumping with liquidity but crypto is done.
So I’m holding and waiting patiently. Definitely not easy, but we all knew the risks before we started investing into internet money.
Real ALTSEASON will only start once ETH breaks and hold above $5,000.
ALTS MCAP: You never really know whether it’s the end or the beginning of a new altcoin cycle.
For the past two years, we’ve all been waiting for the FED’s QE. And this month, the FED announced for the first time that they could end QT and begin QE.
At the same time, market makers created a historic liquidation event similar to March 2020.
Always look at the data on the higher timeframes to avoid getting trapped.
It’s not about bulls or bears.
Gold, Nasdaq, M7, Bitcoin, ETH, BNB, TRX, and SOL have all been in a bull market since January 2023.
Risky assets only perform parabolically when liquidity conditions are met.