I don't really follow the technical background of most of these coins, but I thought Cardano would take off the last couple of years, it's still about 74% off it's ATH, many are calling for it to surpass that before this cycle is over , I don't know about that ! Many tech traders calling for the end of this cycle in September ,some say around Xmas time, who knows ?
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
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Twice SOL rallied around $ 250 just to crash back to $ 100, I have it , it's a very frustrating crypto to own. With BTC and ETH at such lofty levels, it's hard to believe that SOL is about 38% off it's ATH. Have faith , I guess.
just watch Ethereum...if it breaks 5k , then your alt season is confirmed , but that doesn't mean it'll happen immediately
could see eth breaking 5k happen this month, then retrace , chop in September to early October - as that's typically a bearish period for stocks and crypto - then you have your usual strong crypto late q4 finish
thats the path based on previous cycles, but that doesn't mean it'll play out again
good chance this cycle is "left translated," meaning the alt season may actually be q3 and not q4
actually , I'd argue the last cycle was also left translated, as real alt season happened q1 to mid q2 ...market did double top later in the yr, but most alts did not reach their previous apex reached earlier in the yr
could see eth breaking 5k happen this month, then retrace , chop in September to early October - as that's typically a bearish period for stocks and crypto - then you have your usual strong crypto late q4 finish
thats the path based on previous cycles, but that doesn't mean it'll play out again
good chance this cycle is "left translated," meaning the alt season may actually be q3 and not q4
actually , I'd argue the last cycle was also left translated, as real alt season happened q1 to mid q2 ...market did double top later in the yr, but most alts did not reach their previous apex reached earlier in the yr
I sold all my remaining cardano and solana yesterday. I think their may be a final leg up late fall, but I'd rather be safe than sorry. Everything is pointing to a pretty serious drop in September.
Many market watchers are calling for a huge September crash, I don't see it and am staying put , ETH is on fire !
I'm very disappointed in the performance of Cardano post ATH ( $ 3.00 area ). There's one YouTuber he's excellent at technicals and you can see he's poured his whole life into promoting Cardano. The other day he asked AI projections on the future performance and when should he sell the bulk of his portfolio , I think it suggested in the $ 5.00 to 6.50 range.
nice, most likely alts struggle , esp in sept
then they'll likely come back hard in q4
will the market give the same hand 3 times ? let's see ...it'll be interesting
Many people I know sold off their SOL recently, it had such a hard time regaining the $ 180 to $ 200 areas. If it hits it , it gets knocked back $ 50 to $ 100 so easy.
$ 187.00 is the next resistance barrier it need to trade over and hold the zone.
Just curious, if the market goes parabolic from here, would you step back in, or do you feel safer watching on the sidelines ?
I’m okay watching from the sidelines. I’m happy with my decision. No one knows the future. Bitcoin has s followed global liquidity with a 2.5 month lag pretty closely, and there should be some more upside until September.Just curious, if the market goes parabolic from here, would you step back in, or do you feel safer watching on the sidelines ?
My guess is that the next Fed rate cut will be a sell the news event and mark the end of the bull cycle if alts do go parabolic.
You have a great attitude/perspective, most of my friends will be playing "hindsight trader" and kicking themselves , "oh I should of done this and I should of done that
". When the markets get lofty, I was thinking of taking the bearish side and buy LEAPS , long term PUTS on Microstrategy or BTC and Nvidia ( PLTR ), and wait for a market correction. Any thoughts on that ?
Too risky. Nvidia, especially, can go much, much higher. Every tech company is pouring billions into Nvidia to buy their chips. I'd never bet against it.
Impossible to time the market. I was so sure that this ccyle would mirror the previous three, and instead we saw the huge crash in March when previous cycles forecasted a major run.
Right now I'm long UNH. It will double to 3X in a few years, once all the legal mess is behind them, and they sort out their financials.
when eth breaks 5k, that confirms alt season is inevitable
All these pumps and dumps are being orchestrated at the highest levels. They're betting on retail piling in and once the rate cut approaches, everyone is going to keep buying, but then the huge dump. Happens all the time. Just like with the inauguration, or the strategic bitcoin reserve announcement.
My guess is that we'll continue to see alts surge until the rate cut decision. Then, the sell the news dump, plus global liqudity will face a downturn (2 1/2 month lag predicts this), and seasonality (September being terrible for crypto and stocks). Between now and then, Trump will continue to manipulate the market with his insane actions on tariffs and the wars.
My guess is that we'll continue to see alts surge until the rate cut decision. Then, the sell the news dump, plus global liqudity will face a downturn (2 1/2 month lag predicts this), and seasonality (September being terrible for crypto and stocks). Between now and then, Trump will continue to manipulate the market with his insane actions on tariffs and the wars.
