Astro Trader
--
we're witnessing one of the clearest bullish signs I've seen in three previous crypto cycles:
At this moment, we're witnessing one of the clearest bullish signs I've seen in three previous crypto cycles:
➬ BTC.D is at a resistance area
➬ ETH/BTC is at a support level
Last time alts skyrocketed!
Is history poised to repeat itself this cycle?
Let me delve into 👇
Okay, let's keep it straightforward.
I've navigated three bull markets, growing my crypto gains to around $4 million from just $4k.
Most of my success emerged from analyzing cycles, timings, and trends.
Forget about those mythical figures and complex chart doodles...
It's truly about grasping the bigger picture of the crypto world.
Let's begin with a fundamental concept:
➬ Assets peak when they appear their most attractive
➬ Similarly, assets hit their lowest point when circumstances can't get any worse
There's ample historical proof of this in the crypto world.
Hence, the crucial question during a bull market to identify the peak is:
"Are there still possible drivers of growth that haven't been factored into the price?"
A prime illustration is the downfall of FTX.
When situations hit rock bottom, improvement is the only way forward.
Solana even rose from $8 to $297 at its peak.
Conversely, when everything is perfect, deterioration is inevitable.
It's crucial to stay clear-headed amidst these fluctuations.
Retail investors are exiting the market, with several facing financial setbacks — a crucial step towards progress.
Hope seems to have vanished, and the belief that crypto will only decline prevails.
Yet, the situation is more complex than it appears.
On the flip side, the current situation is great for crypto growth.
We have:
· A president of a leading nation who supports crypto
· Widespread acceptance
· U.S. Bitcoin reserves
It's hard to imagine a better situation.
But this is where the challenge begins...
According to the theory I outlined earlier, we're at a peak and can only descend from here.
However, the indicators don't show a market top, and the timing hints at the arrival of an altseason.
So, what's our actual position in the market right now?
Let me explain in more detail.
We're in a situation where going down means:
- Cycles completely STOP working
- Bitcoin becomes a MACRO asset
Also, many have thought about moving to stablecoins from April-May and coming back in the third quarter.
When everyone thinks the same, it often doesn't go as planned...
This is why I tend to view the present circumstances as far from perfect.
While BTC may transform into a more significant macro asset, the cycle itself is likely to persist as it is.
Without considering BTC, the market conditions are about as unfavorable as they can be.
Altcoins appear bleak at the moment, which signals a potential upward surge.
This is underscored by BTC's dominance at a resistance level and ETH/BTC finding support.
The previous occurrence triggered a massive altcoin rally.
Current trends suggest we're at the starting point of another altseason.
I believe we're at a crucial point in the market right now.
I've outlined the possible scenarios for better understanding.
Based on past trends in crypto, I lean towards continued growth.
However, I recommend caution; it's best to keep your current holdings without making any drastic changes.
Just HODL, and don't worry, we're all in this together.
The main goal right now is to not lose your assets.
Because seems like everyone is trying to scam you out of your precious tokens, even the Argentinian president...
#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #BNBChainMeme
➬ BTC.D is at a resistance area
➬ ETH/BTC is at a support level
Last time alts skyrocketed!
Is history poised to repeat itself this cycle?
Let me delve into 👇
Okay, let's keep it straightforward.
I've navigated three bull markets, growing my crypto gains to around $4 million from just $4k.
Most of my success emerged from analyzing cycles, timings, and trends.
Forget about those mythical figures and complex chart doodles...
It's truly about grasping the bigger picture of the crypto world.
Let's begin with a fundamental concept:
➬ Assets peak when they appear their most attractive
➬ Similarly, assets hit their lowest point when circumstances can't get any worse
There's ample historical proof of this in the crypto world.
Hence, the crucial question during a bull market to identify the peak is:
"Are there still possible drivers of growth that haven't been factored into the price?"
A prime illustration is the downfall of FTX.
When situations hit rock bottom, improvement is the only way forward.
Solana even rose from $8 to $297 at its peak.
Conversely, when everything is perfect, deterioration is inevitable.
It's crucial to stay clear-headed amidst these fluctuations.
Retail investors are exiting the market, with several facing financial setbacks — a crucial step towards progress.
Hope seems to have vanished, and the belief that crypto will only decline prevails.
Yet, the situation is more complex than it appears.
On the flip side, the current situation is great for crypto growth.
We have:
· A president of a leading nation who supports crypto
· Widespread acceptance
· U.S. Bitcoin reserves
It's hard to imagine a better situation.
But this is where the challenge begins...
According to the theory I outlined earlier, we're at a peak and can only descend from here.
However, the indicators don't show a market top, and the timing hints at the arrival of an altseason.
So, what's our actual position in the market right now?
Let me explain in more detail.
We're in a situation where going down means:
- Cycles completely STOP working
- Bitcoin becomes a MACRO asset
Also, many have thought about moving to stablecoins from April-May and coming back in the third quarter.
When everyone thinks the same, it often doesn't go as planned...
This is why I tend to view the present circumstances as far from perfect.
While BTC may transform into a more significant macro asset, the cycle itself is likely to persist as it is.
Without considering BTC, the market conditions are about as unfavorable as they can be.
Altcoins appear bleak at the moment, which signals a potential upward surge.
This is underscored by BTC's dominance at a resistance level and ETH/BTC finding support.
The previous occurrence triggered a massive altcoin rally.
Current trends suggest we're at the starting point of another altseason.
I believe we're at a crucial point in the market right now.
I've outlined the possible scenarios for better understanding.
Based on past trends in crypto, I lean towards continued growth.
However, I recommend caution; it's best to keep your current holdings without making any drastic changes.
Just HODL, and don't worry, we're all in this together.
The main goal right now is to not lose your assets.
Because seems like everyone is trying to scam you out of your precious tokens, even the Argentinian president...
#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #BNBChainMeme
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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