Sykodelic 🔪

I have had a lot of people comment this.

"Summer is going to be slow though bro, it always it".

A lot of things in this space just get repeated without actually checking.

Yes, summer is usually slow.

BUT not in a post halving year.

Q3 and Q4 in a post halving year have ALWAYS been bullish.

You can see for yourself.

And with the current setup we have in the markets right now, I would not bet against this happening again.

The markets are about to rip.

Every area that needed to be held, has been held.

FUD is done, liquidity taken, economy strong.

All of the major liquidity is now to the upside, and BTC, ETH, USDT.D and OTHERS all look like they are putting in the final touches before pushing hard.

This is the next and final phase of the cycle where BTC enters true parabolic expansion, likely to $150k - $200k....

Dominance drops, ETH takes over and altcoins have their moment.

I can't say how long it will take for BTC to enter price discovery, but the next big move is up. OTHERS is so close to blasting off.

Get ready.

This is how it's done.

And this isn't about tooting my own horn...

This is just a rule of this game, and a great example to yet again see about buying during peak fear.

#0xGAS is a super solid project, but during the War FUD, like many others, it got jeeted.

As the panic jeets were doing their thing, I added to my position with a decent size, right on key support.

2 days later... we are up almost 2x.

When jeets panic sell, we panic buy.

This is the only way.

And imagine selling #0xGAS at these levels... it is madness!

There is a huge lesson to yet again be learned from the last few weeks.

Of how markets, and market participants, behave under periods of FUD such as war or recession.

That lesson is...

Data > Emotion

Always.

You must get yourself to a point where you can reason with logic, and move forward with calm.

If you can't, you will never be able to perform when it matters.

That is, buying the dumps and selling the pumps.

Because if you cannot do this, each time you will end up being

Emotion > Data.

And you'll continue selling dumps and buying pumps.

A one way ticket to rektville.

There isn't a better chart out there right now.

$GRAY ran it up to $25m, retraced no more than 50%(strength!), consolidated...

And is now legging up again with conviction.

I see a little bit of a buyers vs sellers match at this trendline... but nothing too big.

ATH's and beyond coming very soon for $GRAY.

I hope you loaded the dips.

This whole War situation is a massive sham.

Iran "We're going to attack you soon, just to let you know. It will be violent, just so you are aware... and it will be in two hours... so get ready" 🤣

It's a circus.

And the markets aren't being fooled.

SPX ripping harder than anything else right now.

The longer it goes on like this the more likely the next level at $96k BTC has been front run.

Best way to play it?

Add on the decent red candles towards key levels if you want to position.

If not, just chill.

Nothing substantial is going to come of this from here imo.

Altcoins(OTHERS) broke out last time things looked like this.

For a long time now the setup has been following the same pattern as the previous consolidation and breakout.

If you've been following me, you will be up to date with this OTHERS chart.

But now, after this recent drop... when we zoom in we can see it is still following super closely.

We had the bottom, the breakout, now the deviation.

And the timeframe is almost exactly the same also.

I cannot say whether this next move will also follow, but we cannot deny that this is pretty crazy to see.

The breakout is now the only part of this pattern that is yet to happen.

The last thing to note is that since the previous breakout, this recent consolidation is actually a HTF Higher Low.

When we see all these confluences, ignoring them is folly.

US Equities are green on the pre-market

Could it be that BTC was just weekend liquidity hunting and using the narrative to get sensitive Crypto bros to panic sell?

Hmmmmm….

The single most important thing with investing is this.

You must be able to see beyond the current environment, and your own feelings, and see into the future.

You have to be able to conceptualise a future outcome that is totally different to the current setup.

For example.

It is very easy to be consumed by the War FUD and believe it’s all over.

It’s very easy to be in the situation where BTC Dominance has been rising for 3 years, and feel confident it will never drop again.

To win, you have to be able to totally take yourself out of the current environment and look beyond.

And this is what so many cannot do.

If you only believe in what is currently happening, you will never ever be able to position for the future.

And if you can’t do that, you will lose forever

I just also loaded some more $EVA.

I am actually underwater on this bag now, but do i care?

No.

I have just had the opportunity to lower my average price, with a large amount of upside potential on the cards soon.

When you take positions into a project and it falls lower, you do not sell that position.

You buy.

I do not care that my initial investment is down... it is a total non issue that causes me zero anxiety of any kind.

We must move with utter resilience and tenacity within these moments if we want to maximise our profts.

That's it.

This is one of the most important tweets I will ever write.

And it is one of the most important lessons you need to understand as an investor if you want to make it.

Here it is...

- Any buy that is worth taking will ALWAYS be surrounded with fear. And the better the buy, the greater the fear.

This is because every single time prices drop there will always be FUD.

Always be people panicking because prices go down and portfolio goes down.

The masses begin to worry about losing money... bad headlines come out, or something unexpected happens.

Lots of people panic sell and you get big red candles that scares people even more.

And evert time this happens, you will be able to convince yourself that its different, because the majority will be agreeing with you and sharing their collective fear.

But this is not how it works.

You must get yourself to a place in your mind philosophically whereby you can process this paradigm.

You will never be able to escape it.

Every buy worth buying will be a difficult thing to take.

But instead of seeing that discomfort as a sign to not do it, you must see it as a sign to do it.

And the more discomfort you feel, the greater the opportunity.

I have had irl friends reach out to me today asking if everything is fucked...

And constant rude comments on my posts calling me a retard.

When the stats tell us we're in golden buy territory again.

Understand this lesson, embody it, and you will win.

While everyone is selling at a loss I am buying.

Just scooped up more #0xGAS here at an amazing discount.

This is going to be one of the biggest project over the next few months.

And I think this level holds for a bottom.

If not, I will simply DCA lower.

No matter how many times these FUD periods happen, most simply lose their minds through fear and sell instead of buy.

I do not try to time the exact bottom, I just buy high quality projects and DCA.

Because I know we're going much higher and I have conviction to hold any buys that go underwater.

If you want to be successful, holding onto underwater buys is just part of the game.

This is the best window to buy altcoins we have had in years.

The Altcoin index is now at the lowest level in 3 years...

Other than the very bottom of the 22/23 Bear Market.

As you can see from this chart when the altcoin index reaches these levels when it is not in a bear market(which we are not)...

It is very short lived.

This, combined with BTC.D hitting 66%...

Provides a truly incredible entry opportunity.

With BTC.D at the top of an 8 year channel and Alts at peak lows...

We very very very rarely ever get this kind of environment and set up.

The timeline is in shambles and $GRAY is over here Green on the daily.

There isn’t another token rn that can compete with this strength.

And for a micro cap?

Wild.

What do you think happens when markets move higher?

Altcoins look ready.

Everything I'm seeing points to a strong move to the upside next week.

If we're going to get lower, it will be from today and Mon/Tues next week...

Then full send.

Right now sentiment is pretty terrible for alts and the altcoin index is only sitting at 18.

The index has been consolidating at the lows for around 3 months.

Combine sentiment, OTHERS chart and the altcoin index we can already see Altcoins are at lows, and have been at the lows for some time.

With BTC and ETH consolidation very tightly for quite some time, a move is overdue.

And I believe it will be a strong one to the upside starting next week.

$ETH to $16,000 really isn't delusion.

It is supported in a fundamental way, as covered yesterday...

And also in a technical way.

This is a closer look at the $ETH log scale chart, that as you can see, is totally respecting the overall trend of the token.

I have overlayed the fractal from last cycle(fractals can only be used as guides), and it perfectly lines up to the target/top area of this 8 year ascending channel.

This is not a coincidence... It is the ultimate HTF picture.

If you feel the need to discredit this simply because you cannot fathom it, then know you are operating from a place of delusion, not me.

Your delusion stems from the emotions of the moment.

The notion that because something has not done something for a while, that it isn't possible.

If you feel this, the same thing will happen to you when the market is at the top...

And you wont be able to imagine that $ETH could have ever been in a deep bear market...

Which will cause you to make the wrong decisions then also.

I am not saying $ETH WILL go to $16k...

What I am saying is that it is not a delusional target, for every reason I have covered over the last two days.

To not be prepared for this is unwise.

Once this stops $ETH is going to ROCKET.

Right now, we have the largest amount of institutional inflows into ETH we have seen.

Combined with $ETH whale wallets adding, this is most amount of buy pressure seen since 2017.

It's Massive.

So why is the price steady/down?

Because it is being HEAVILY shorted by large funds.

Right now, there are record shorts open on $ETH.

Why?

It is not because they think price will go down.

It is quite clear to me that $ETH is being purposefully and aggressively manipulated downwards to give all the big players time to load their bags as low as possible before...

- GENIUS act fully finalised
- ETH Staking ETF approval

And just the overall bullish period of this market where $ETH is about to melt faces.

Once these guys are finished loading, the shorts will be closed and the rally will be immense.

TLDR:

$ETH is a massive beach ball being held underwater whilst having more air added to it every day.

At some point soon, it's gonna launch hard.

BTC.D is as good as topped.

I get asked allll the time about "wen dominance drop.... wen alt szn"

From my perspective, this is how I see BTC.D right now.

This is a pretty large range that begun in July 2017 and holding form still today.

At this stage in the cycle, I would not expect BTC.D to break thing range.

If we were at an earlier stage in the cycle, sure, we could still push past this range...

But BTC is about to undergo its final expansion phase of this cycle, and statistically speaking, this phase is where its dominance begins to decline, not push higher.

This is evident in the ETH/BTC chart and ETH.D chart that I have shared several times recently.

Both these charts have begun their respective reversals, and thus provide very strong confluence that paints a pretty clear picture for 65% being a highly probable top for BTC.D.

Another important thing I have highlighted here is just how fast Dominance drops once it does.

It can spend years building up... this cycle it has been consistently rising for almost 3 years.

Only to bottom out from peak to bottom in 4 months!

You can see on the chart approximately how this would look, albeit I have just laid over the fractal from 2021. This cycle will of course have its differences.

But regardless of how fast it gets there, I have a bottom target for BTC.D at 42%.

This also aligns with the Weekly FVG.

Structurally and statistically, this prediction holds strong weight and until proven otherwise, this range will play out like this imo.

TLDR:

It is very close. Any rise here in dominance will be short lived and not have too much of an effect on the wider market.

Alt outperformance is next on the cards.

Last chance to add $GRAY at the best R/R below $2.

Momentum is simply too strong here.

We have @CryptoHass hosting an AMA with the team later today and I'm expecting a very bullish chat filled with lots of exciting topics.

$GRAY is the next $100m+ utility runner and that's that.

Bitcoin looks good.

The longer we have held at these levels amongst the War situation is a significant sign.

Bitcoin has now been over $100k for 5.5 weeks and has put in 5 weekly closes above previous ATH weekly close at $104k.

An asset that is weak, or is double topping, or whatever else you want to think... does not do this.

Any dips we have on BTC here are going to be short-lived now in my opinion.

From my perspectrive, this price action is Bitcoin consolidating itself at the highs...

Preparing to launch into its most explosive price discover we have ever witnessed.

Longed out consolidation is a sign of strength, not weakness.

Whenever anything of great importance needs to be done, preperation is key, and takes time.

That is what we are seeing now.

New highs at the end of the month or beginning of July. is where my expectations are now.