Jay_Z_z
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$JUP WE LOVE YOU š
Jupiter šŖ
--
Next week, there will be a number of important events for the JUP DAO.
Firstly, the proposal to Fund the Core Working Group will go live. The CWG has been working tirelessly to support the J.U.P community by bootstrapping and taking on crucial processes such as the LFG initiative, the Voting platform, and the Token-List. This is the first WG vote, and an important one for confirming how WGs will work moving forward.
Secondly, the JUP DAO will be officially capitalized with 10M USDC (for operational funding) and 100M JUP. The funds will be moved to a separate DAO wallet. This 10M USDC is from revenues and 100M JUP from the community allocation. This will enable the DAO to participate in public goods funding and executing on its mandate to grow Jupiverse.
Thirdly, community discussions around the grants program will begin! We are looking to start allowing anyone to request funds either for efforts to grow the Jupiverse or for public goods funding. We want to start the community input and discussion around this before working to formalize it..
Next week is a crucial step for the JUP DAO, and we are excited to be working with everyone along with us on this journey!
Firstly, the proposal to Fund the Core Working Group will go live. The CWG has been working tirelessly to support the J.U.P community by bootstrapping and taking on crucial processes such as the LFG initiative, the Voting platform, and the Token-List. This is the first WG vote, and an important one for confirming how WGs will work moving forward.
Secondly, the JUP DAO will be officially capitalized with 10M USDC (for operational funding) and 100M JUP. The funds will be moved to a separate DAO wallet. This 10M USDC is from revenues and 100M JUP from the community allocation. This will enable the DAO to participate in public goods funding and executing on its mandate to grow Jupiverse.
Thirdly, community discussions around the grants program will begin! We are looking to start allowing anyone to request funds either for efforts to grow the Jupiverse or for public goods funding. We want to start the community input and discussion around this before working to formalize it..
Next week is a crucial step for the JUP DAO, and we are excited to be working with everyone along with us on this journey!
I know we can improve the #Solana ecosystem in the best possible way š
Letās get to work !!
$JUP $SOL
Letās get to work !!
$JUP $SOL
Jupiter: Over 200 million JUPs have been pledged, and pledgers need to actively vote to receive rewa
On March 10th, according to data from Jupiter's official website, it was posted on social media that there are about 8 hours left until the first LFG vote ends, and currently over 200 million JUP tokens have been staked. Stakers need to actively vote in order to receive rewards.
For the first four months (from March to June), Jupiter has 50 million JUP tokens and other Launchpad fees (including 7.5 billion WEN tokens), and an additional 50 million JUP tokens will be put into use in the next quarter. These JUP tokens come from the JUP Launchpad fees paid during the TGE period, and all future projects will pay 0.75% of their total supply to JUP DAO as active staking rewards, which will also be directly distributed to voters.
#BitcoinScalingš
For the first four months (from March to June), Jupiter has 50 million JUP tokens and other Launchpad fees (including 7.5 billion WEN tokens), and an additional 50 million JUP tokens will be put into use in the next quarter. These JUP tokens come from the JUP Launchpad fees paid during the TGE period, and all future projects will pay 0.75% of their total supply to JUP DAO as active staking rewards, which will also be directly distributed to voters.
#BitcoinScalingš
Near to the moon š
NEAR Protocol
--
Tomorrow. 11 EST. You're smart. Convert the time to your timezone.
NEAR Foundation.
In a hall.
A virtual hall.
A town hall.
Alpha.
A tonne of it.
The dragon speaks.
BTC transactions via NEAR.
ETHDenver recap.
+ more.
NEAR Foundation.
In a hall.
A virtual hall.
A town hall.
Alpha.
A tonne of it.
The dragon speaks.
BTC transactions via NEAR.
ETHDenver recap.
+ more.
I discovered a new #AirdropOpportunity
I started harvesting $BLOCK & Itās exciting ā¤ļøāš„
Aidrop opportunity : 10 - 100 - 1000 - 10000 $ š¤·āāļø
BlockGames is a cross-game, cross-chain, decentralized player network accelerating user growth for games, with personalised rewards for players.
You donāt know yet ? You will find the link in the pinned comment š°
Do you do the same? Say it in comment š
#DYOR #TrendingTopic #AirdropšŖ
I started harvesting $BLOCK & Itās exciting ā¤ļøāš„
Aidrop opportunity : 10 - 100 - 1000 - 10000 $ š¤·āāļø
BlockGames is a cross-game, cross-chain, decentralized player network accelerating user growth for games, with personalised rewards for players.
You donāt know yet ? You will find the link in the pinned comment š°
Do you do the same? Say it in comment š
#DYOR #TrendingTopic #AirdropšŖ
I like it!! Thanx @Jupiter šŖ for this very good news
It is time to continue to grow with respect and with clear explanations is supported towards the community!!
I think $JUP will be propelled to the moon faster than we can think.
I will continue to fill my bag š
This is not a financial advice!! Itās important to always do your own research on projects and everything you want to invest in ā¤ļøāš„
#Solana #TrendingTopic #JUP #Meme #BTCā¬
It is time to continue to grow with respect and with clear explanations is supported towards the community!!
I think $JUP will be propelled to the moon faster than we can think.
I will continue to fill my bag š
This is not a financial advice!! Itās important to always do your own research on projects and everything you want to invest in ā¤ļøāš„
#Solana #TrendingTopic #JUP #Meme #BTCā¬
Jupiter šŖ
--
Jupiter ASR: Active Staking RewardsĀ
With approximately 23 hours left for the first LFG vote, over 180M JUP has been staked. At this juncture, we want to provide clarity for what we call Active Staking Rewards ā how we reward our stakers.Ā
As opposed to passive staking, stakers will need to actively vote in order to receive their rewards. This aligns with the goal of having a highly engaged holder base, an important part of the J.U.P vision.
For the first 4 months (from March to June), we have 50M JUP and other launchpad fees from this period(including 7.5B WEN). The other 50M JUP will be rolled into the subsequent quarter, with more details to come later.Ā
This JUP comes from the JUP launchpad fee paid during TGE, and similarly all future projects will pay 0.75% of their total supply to the JUP DAO to be utilised as Active Staking Rewards.Ā
These rewards will be distributed based on how many tokens you voted with, without a minimum or maximum. These rewards are also distributed staked, directly to voters.
And no, splitting your tokens does not give you more rewards, nor does your vote impact your rewards. Also, unstaking JUP will require one month ā as this is an appropriate balance of commitment while still allowing stakers the flexibility to exit .
In summary, we hope ASR will provide a strong foundation for a highly engaged base. JUP 4 JUP!
With approximately 23 hours left for the first LFG vote, over 180M JUP has been staked. At this juncture, we want to provide clarity for what we call Active Staking Rewards ā how we reward our stakers.Ā
As opposed to passive staking, stakers will need to actively vote in order to receive their rewards. This aligns with the goal of having a highly engaged holder base, an important part of the J.U.P vision.
For the first 4 months (from March to June), we have 50M JUP and other launchpad fees from this period(including 7.5B WEN). The other 50M JUP will be rolled into the subsequent quarter, with more details to come later.Ā
This JUP comes from the JUP launchpad fee paid during TGE, and similarly all future projects will pay 0.75% of their total supply to the JUP DAO to be utilised as Active Staking Rewards.Ā
These rewards will be distributed based on how many tokens you voted with, without a minimum or maximum. These rewards are also distributed staked, directly to voters.
And no, splitting your tokens does not give you more rewards, nor does your vote impact your rewards. Also, unstaking JUP will require one month ā as this is an appropriate balance of commitment while still allowing stakers the flexibility to exit .
In summary, we hope ASR will provide a strong foundation for a highly engaged base. JUP 4 JUP!
Iām ready ā¤ļøāš„
I already have a bag in reserve š
Thx $SOL
#cryptommonaie #Solana-SOL #Ethereum2024 #Bitcoinā¬
I already have a bag in reserve š
Thx $SOL
#cryptommonaie #Solana-SOL #Ethereum2024 #Bitcoinā¬
Cointelegraph
--
Solana Eyes $600 Target in Upcoming Crypto Surge
Solana (SOL) looks poised to undergo a bull run in the current crypto market boom led by Bitcoin (BTC), argues independent market analyst Hansolar.
SOL price could reach $600
At the core of Hansolarās bullish analogy for Solana is its potential to replicate Etherās (ETH) price trends during the previous crypto market bull runs. For instance, in the 2020-2021 bullish cycle, ETHās price surged from around $85 to as much as $4,935, tailing Bitcoinās uptrend.
Interestingly, ETHās uptrend increased by approximately 1,400% after Bitcoin established a new record high above $20,000, as shown in the three-day chart below.
BTC/USD vs. ETH/USD three-day price performance chart. Source. TradingView
This fractal could repeat in 2024 as Bitcoin pursues an extended bull run above its November 2021 record high of $69,000. Nonetheless, as Hansolar argues, Bitcoin refreshing its all-time high could benefit Solana equally this time.
"Previously, ETH took off when BTC actually broke out into ATHs. It's then when retail buys into SOL as the high beta catch up play," he stated, adding:
"Currently SOL is at around 50% from ATHs similarly to how ETH was around the 50% mark as BTC was nearing ATHs in the previous cycle."
BTC/USD vs. ETH/USD and SOL/USD three-day price performance chart. Source: TradingView
That said, Bitcoin's run-up toward $150,000, a valuation predicted by Fundstrat's Head of Research Tom Lee on ETF approval prospects, could have Solana target $600 as its long-term upside target. That is nearly 450% above the current SOL price.
Do Solana fundamentals support bullish SOL predictions?
Fundamentally, Solana has fared well in terms of network adoption recently, with the total-value-locked (TVL) across its ecosystem at 20.51 million SOL, its highest level since January 2023.
Solana TVL performance chart. Source: Defi Llama
Theoretically, as more assets are locked into DeFi platforms, the circulating supply of these tokens may decrease, leading to a potential increase in demand relative to supply. This scarcity effect can contribute to price appreciation of the locked tokens.
Read more:Ā Why Solana will prevail despite Ethereum ETFs
Solanaās rising TVL appears synchronous to its sustained quarter-over-quarter (QoQ) growth tracked by the data resource platform Messari.
Notably, the networkās average daily fee payers during Q4/2023 surged 103%. In the same period, its average daily DEX (Decentralized Exchange) volume rose by 961%, with a 359% increase in average daily NFT (nonfungible token) volume.
Solana network usage overview by the end of 2023. Source: Messari
In Q1/2024, the airdrop of Jupiter DEXās native token, JUP, also spurred on-chain activity atop the Solana blockchain. Also, its NFT volumes peaked near $5 billion, underscoring a strong underlying demand for SOL tokens.
Solana technical analysis
In the near-term, Solana eyes $200 as its primary upside target due to the formation of a bullish continuation pattern on its daily chart.
Dubbed bull pennant, the pattern develops when the price consolidates inside a symmetrical triangle structure after a strong move upward. Meanwhile, it resolves after the price breaks above the upper trendline and rises by as much as the height of the previous uptrend.
As of Feb. 28, SOLās price was testing the pennantās upper trendline for a potential breakout. If that happens, the price could rise toward $200 during March, up approximately 75% from the current price levels.
SOL/USD daily price chart. Source: TradingView
Conversely, a breakdown below the pennantās lower trendline risks invalidating the bullish setup altogether. Should it happen, SOLās price can drop by as much as the previous upside move, i.e., toward $60.75, down circa 45% from current price levels.
SOL price could reach $600
At the core of Hansolarās bullish analogy for Solana is its potential to replicate Etherās (ETH) price trends during the previous crypto market bull runs. For instance, in the 2020-2021 bullish cycle, ETHās price surged from around $85 to as much as $4,935, tailing Bitcoinās uptrend.
Interestingly, ETHās uptrend increased by approximately 1,400% after Bitcoin established a new record high above $20,000, as shown in the three-day chart below.
BTC/USD vs. ETH/USD three-day price performance chart. Source. TradingView
This fractal could repeat in 2024 as Bitcoin pursues an extended bull run above its November 2021 record high of $69,000. Nonetheless, as Hansolar argues, Bitcoin refreshing its all-time high could benefit Solana equally this time.
"Previously, ETH took off when BTC actually broke out into ATHs. It's then when retail buys into SOL as the high beta catch up play," he stated, adding:
"Currently SOL is at around 50% from ATHs similarly to how ETH was around the 50% mark as BTC was nearing ATHs in the previous cycle."
BTC/USD vs. ETH/USD and SOL/USD three-day price performance chart. Source: TradingView
That said, Bitcoin's run-up toward $150,000, a valuation predicted by Fundstrat's Head of Research Tom Lee on ETF approval prospects, could have Solana target $600 as its long-term upside target. That is nearly 450% above the current SOL price.
Do Solana fundamentals support bullish SOL predictions?
Fundamentally, Solana has fared well in terms of network adoption recently, with the total-value-locked (TVL) across its ecosystem at 20.51 million SOL, its highest level since January 2023.
Solana TVL performance chart. Source: Defi Llama
Theoretically, as more assets are locked into DeFi platforms, the circulating supply of these tokens may decrease, leading to a potential increase in demand relative to supply. This scarcity effect can contribute to price appreciation of the locked tokens.
Read more:Ā Why Solana will prevail despite Ethereum ETFs
Solanaās rising TVL appears synchronous to its sustained quarter-over-quarter (QoQ) growth tracked by the data resource platform Messari.
Notably, the networkās average daily fee payers during Q4/2023 surged 103%. In the same period, its average daily DEX (Decentralized Exchange) volume rose by 961%, with a 359% increase in average daily NFT (nonfungible token) volume.
Solana network usage overview by the end of 2023. Source: Messari
In Q1/2024, the airdrop of Jupiter DEXās native token, JUP, also spurred on-chain activity atop the Solana blockchain. Also, its NFT volumes peaked near $5 billion, underscoring a strong underlying demand for SOL tokens.
Solana technical analysis
In the near-term, Solana eyes $200 as its primary upside target due to the formation of a bullish continuation pattern on its daily chart.
Dubbed bull pennant, the pattern develops when the price consolidates inside a symmetrical triangle structure after a strong move upward. Meanwhile, it resolves after the price breaks above the upper trendline and rises by as much as the height of the previous uptrend.
As of Feb. 28, SOLās price was testing the pennantās upper trendline for a potential breakout. If that happens, the price could rise toward $200 during March, up approximately 75% from the current price levels.
SOL/USD daily price chart. Source: TradingView
Conversely, a breakdown below the pennantās lower trendline risks invalidating the bullish setup altogether. Should it happen, SOLās price can drop by as much as the previous upside move, i.e., toward $60.75, down circa 45% from current price levels.
Hi everyone
Donāt miss this opportunity
Join me and start harvesting your $HOT
$HOT is a project on the $NEAR Blockchain
Harvesting is easy ā¤ļøāš„
You must mining your token with the near wallet on Telegram š°Use the harvest function to collect a maximum of token !!
Link š Pinned
You donāt know it yet but We are early & you are early !!
Thank you for taking the time to read
Donāt forget to do your own research š
LFG need a bag & NOWš„š
Link š Pinned
#Mining #cryptommonaie #AirDrop #Farming #money
Donāt miss this opportunity
Join me and start harvesting your $HOT
$HOT is a project on the $NEAR Blockchain
Harvesting is easy ā¤ļøāš„
You must mining your token with the near wallet on Telegram š°Use the harvest function to collect a maximum of token !!
Link š Pinned
You donāt know it yet but We are early & you are early !!
Thank you for taking the time to read
Donāt forget to do your own research š
LFG need a bag & NOWš„š
Link š Pinned
#Mining #cryptommonaie #AirDrop #Farming #money
š©µ A new airdrop opportunity in the world of crypto:Strike! š
This project organizes the second seasons and offers a drop where users can earn $Strike tokens by completing certain tasks on Telegram. š
š Details of the drop:
- Several seasons
- Collect points by following the official X page and join their TG channels and group.
-Refer your friends & upgrade your Airdrop
Link š : First comment š
Donāt forget to do your own research to evaluate what is offered to you!!
We are very early š«¶ 2024 is a new step to earn money. š°
Thank you for taking the time to read ā¤ļøāš„
#AirdropOpportunity #cryptommonaie #earning
#Ethereum2024 #DIOR
This project organizes the second seasons and offers a drop where users can earn $Strike tokens by completing certain tasks on Telegram. š
š Details of the drop:
- Several seasons
- Collect points by following the official X page and join their TG channels and group.
-Refer your friends & upgrade your Airdrop
Link š : First comment š
Donāt forget to do your own research to evaluate what is offered to you!!
We are very early š«¶ 2024 is a new step to earn money. š°
Thank you for taking the time to read ā¤ļøāš„
#AirdropOpportunity #cryptommonaie #earning
#Ethereum2024 #DIOR
Hi guys.
Itās the best time to join the Massive Mining Opportunity. We are early: šØ
Possible 1- 100 -1000 or $10,000 airdrop. ?!
Hey guys, I hope you have started extracting the Herewallet token. If this is not the case, start extracting the $HOT token immediately before it is too late
If you donāt own the official wallet $NEAR (here wallet) get it here:
https://download.herewallet.app/u1694543
ā¢ Go to your phone browser and type in the sign-up link : It will be available in a pinned comment š
ā¢ After signing up, claim your first $Hot token and continue claiming every 2 hours. You can improve the farming easily
ā¢ Join Hot mining village for extra boast. To reach a village you will just have to make the request. Hot mining is better with village
We're very early š«¶ 2024 is a new step to earn money.
Donāt forget to do your own research to evaluate what is proposed to you !!
Thank you for taking the time to read ā¤ļøāš„
#Airdrop #cryptommonaie #earning #Mining #DIOR
Itās the best time to join the Massive Mining Opportunity. We are early: šØ
Possible 1- 100 -1000 or $10,000 airdrop. ?!
Hey guys, I hope you have started extracting the Herewallet token. If this is not the case, start extracting the $HOT token immediately before it is too late
If you donāt own the official wallet $NEAR (here wallet) get it here:
https://download.herewallet.app/u1694543
ā¢ Go to your phone browser and type in the sign-up link : It will be available in a pinned comment š
ā¢ After signing up, claim your first $Hot token and continue claiming every 2 hours. You can improve the farming easily
ā¢ Join Hot mining village for extra boast. To reach a village you will just have to make the request. Hot mining is better with village
We're very early š«¶ 2024 is a new step to earn money.
Donāt forget to do your own research to evaluate what is proposed to you !!
Thank you for taking the time to read ā¤ļøāš„
#Airdrop #cryptommonaie #earning #Mining #DIOR
We are ready for the extraordinary future of solana
NOW or LATER Itās the same !!
We will go to the moon !?
#Solana #Solana.price.expectations
NOW or LATER Itās the same !!
We will go to the moon !?
#Solana #Solana.price.expectations
TheVRSoldier
--
Solana: Analysts Predict a Bullish Surge to $140
After The recent bullish rise of 30%, Solana climbed above $110 this week and most analysts are predicting a sharp rise to $140. The surge of SOL is not only proof of its resilience, but also speaks to the revival of the entire crypto market. Continued ecosystem development initiatives provide a positive outlook for Solana in the coming weeks.
Solana Bullish Predictions
Solana has grown at a rapid pace since October 2023. This rally culminated in a December 2023 high of $126. After almost two months of decline, SOL found its footing and launched a new bullish move, strengthening by 30%. The token is now approaching its 2023 high, just below critical long-term horizontal and Fibonacci levels.
source: tradingview
The weekly relative strength index (RSI) is giving mixed signals. Although the RSI is above 70 and rising, it could form a bearish divergence depending on the weekly close.
What Do Analysts Say?
Cryptocurrency traders and analysts on Platform X are positive about Solanaās potiential. On the other hand, Inmortalcrypto expects SOL to rise to at least $140.
Sam MTI wrote that SOL has started a new bullish phase up thanks to a resistance breakout. Bluntz_Capital analyzed the SOL/ BTC pair, predicting a bullish breakout that would see the price of SOL surpass Bitcoin. Since the BTC trend is bullish, he believes that the SOL /USD pair will rise parabolically and break through the $150 level in the long-term timeframe.
sol/btc shaping up beautifully here.$sol is gonna rip imo, $150 LFG pic.twitter.com/gU6cuZwWb8
ā Bluntz (@Bluntz_Capital) February 12, 2024
Ā
The VR Soldier team of analysts believe that the driving force behind the rally appears to be a surge in interest in DeFi protocols on Solana, also itās associated with the Jito (JTO) airdrop. The influx of capital into projects such as Jito, Kamino and Blazestake has fueled demand for SOL, pushing the price of the asset higher. Also they highlighted the fact that Solana is growing and forming a bullish candle on the weekly timeframe.
SOL Forecast: New Yearly Highs Are Coming!
The daily timeframe is strongly bullish, supporting the continuation of the upward movement. It shows that price has risen since moving below the range low in January 2023.
The RSI, meanwhile, rose above 50 shortly after Solana recovered above the midline of its price range. SOL is now approaching the maximum range. This coincides with the ongoing RSI uptrend.
If the price continues to rise, it could reach the next resistance at $140, 22% above the current price. This is also close to the previously identified long-term horizontal level and Fib resistance level.
Despite the bullish outlook, a rebound in SOL from the range high could trigger a 10% drop back to the mid-range around $102.
The post Solana: Analysts Predict a Bullish Surge to $140 first appeared on The VR Soldier.
Solana Bullish Predictions
Solana has grown at a rapid pace since October 2023. This rally culminated in a December 2023 high of $126. After almost two months of decline, SOL found its footing and launched a new bullish move, strengthening by 30%. The token is now approaching its 2023 high, just below critical long-term horizontal and Fibonacci levels.
source: tradingview
The weekly relative strength index (RSI) is giving mixed signals. Although the RSI is above 70 and rising, it could form a bearish divergence depending on the weekly close.
What Do Analysts Say?
Cryptocurrency traders and analysts on Platform X are positive about Solanaās potiential. On the other hand, Inmortalcrypto expects SOL to rise to at least $140.
Sam MTI wrote that SOL has started a new bullish phase up thanks to a resistance breakout. Bluntz_Capital analyzed the SOL/ BTC pair, predicting a bullish breakout that would see the price of SOL surpass Bitcoin. Since the BTC trend is bullish, he believes that the SOL /USD pair will rise parabolically and break through the $150 level in the long-term timeframe.
sol/btc shaping up beautifully here.$sol is gonna rip imo, $150 LFG pic.twitter.com/gU6cuZwWb8
ā Bluntz (@Bluntz_Capital) February 12, 2024
Ā
The VR Soldier team of analysts believe that the driving force behind the rally appears to be a surge in interest in DeFi protocols on Solana, also itās associated with the Jito (JTO) airdrop. The influx of capital into projects such as Jito, Kamino and Blazestake has fueled demand for SOL, pushing the price of the asset higher. Also they highlighted the fact that Solana is growing and forming a bullish candle on the weekly timeframe.
SOL Forecast: New Yearly Highs Are Coming!
The daily timeframe is strongly bullish, supporting the continuation of the upward movement. It shows that price has risen since moving below the range low in January 2023.
The RSI, meanwhile, rose above 50 shortly after Solana recovered above the midline of its price range. SOL is now approaching the maximum range. This coincides with the ongoing RSI uptrend.
If the price continues to rise, it could reach the next resistance at $140, 22% above the current price. This is also close to the previously identified long-term horizontal level and Fib resistance level.
Despite the bullish outlook, a rebound in SOL from the range high could trigger a 10% drop back to the mid-range around $102.
The post Solana: Analysts Predict a Bullish Surge to $140 first appeared on The VR Soldier.
Good tutorial ā¤ļøāš„
Crypto PM
--
Bullish
5 Phases of The Bitcoin Halving
1. Pre-Halving Downside
The Pre-Halving Downside phase is officially over
It ended with this week's new Weekly Candle Close
Bitcoin has now officially transitioned into the Pre Halving Rally phase
2. Pre-Halving Rally
Approximately 63 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
With the recent Bitcoin breakout, it appears Bitcoin is even slightly ahead of schedule
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
SOURCE: REKT CAPITAL ON X
$BTC
#Crypto #Bitcoin #bitcoinhalving
1. Pre-Halving Downside
The Pre-Halving Downside phase is officially over
It ended with this week's new Weekly Candle Close
Bitcoin has now officially transitioned into the Pre Halving Rally phase
2. Pre-Halving Rally
Approximately 63 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
With the recent Bitcoin breakout, it appears Bitcoin is even slightly ahead of schedule
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
SOURCE: REKT CAPITAL ON X
$BTC
#Crypto #Bitcoin #bitcoinhalving
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