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Is all of crypto about to do what $
SOL
did 4 months ago?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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SOL
143.44
-0.85%
444
0
Replies
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Quick thoughts: -ETH sub 3k before the launch of the spot ETF's feels like a steal. I thought $3100 was good, but $2800?! Mispricing IMO. -SOL relative strength is notable and it is the market showing its hand on what to own when the ship turns around. -Bitmex bids on BTC tell me we are likely close to a local bottom before a bounce/range. -Altcoin OI has been decimated. Perp funding is quite negative. Alts are down over 60% across the board; effectively having a full blown cycle at this point. Pure carnage in the altcoin sector. Have to imagine a bottoming range isn't far out. Mind your leverage and don't blow up before conditions become favorable once more. Prices trade much higher into years end. (NFA/DYOR.)
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$SOL 1D Guessing there will be a lot of hindsight regret from people who wish they bought here around $130-135. SOL has been relatively strong despite the onslaught of BTC selling and broader altcoin weakness. Likely a reason for that. As stated prior; SOL to new ATH's is a matter of when, not if IMO. (NFA/DYOR.)
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FET 1W FET is one of the premier AI plays for crypto. With price having been down nearly 70% from the wick high's; this one feels like a no-brainer given the market structure and AI narrative. Weekly momentum oscillators have gotten a full on reset and price looks primed for higher. (NFA/DYOR.)
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Alts are fine tbh. BTC is just extremely undesirable. - ETH ETF to poach flows from BTC. - Mt Gox distribution. Neither really intrinsic to alts.
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$Crypto Can we all collectively agree we don't have a clue what is going to happen next? Bigger picture, it is still a bull market. Trying to decipher the nuances of this current environment will drive you to the brink of insanity. Spot and chill. (NFA/DYOR.)
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