[ Thoughts on the market + positioning ] Very bullish going into October. The chart below by Syk really puts it into perspective on Bitcoin. For onchain, the OTHERS/BTC makes it even more clear. [ see first image below ] We have respected the 8-year trend (orange line). A bounce here has always signaled a broader risk-on environment. The AI Agent szn from Q4 (purple box) was a taste of what we are about to experience. Where are we now? [ see red circle + second image ] Zooming in, you see we respected a 3-year downtrend and are showing signs of reversal. An inverse HS on the 3D played out (charted this out on stream), now going for a retest after the breakout. Just because we are about to pump doesn't mean we go back to a 2021 style alt szn. That's dead imo. The "cycle" has shown we need to play momentum/narratives and be picky. ➡️ For sized plays, look for outperformers/alts with momentum like what $PUMP did or what $ASTER is about to do (free under $2 imo). ➡️ For preps,...
This demonstrates exactly why so many fuck this up.
Emotions are such a powerful force that investors can see this chart and totally discredit the objective data and relevance...
Because at this very moment in time they "feel bad".
The setup could literally not be any clearer than it is right now.
Yes, we're getting chopped up
Yes, everyone is rotating
Yes, you're missing pumps
But the main part of the altcoin expansion has not even started yet.
It is just a fact.
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