Lately been feeling very apathetic towards the whole memecoin category, I just don't care anymore. Maybe others feel the same now or I am just more jaded idk
Hopefully new narratives come and other sectors start outperforming this year
Looking really good after today's erradic PA off of Trump's tariff comments. It's consolidating nicely and if the majors can just chop over the weekend I believe it should trend higher to $29 and maybe even the 30's.
I am feeling quite uneasy about Bitcoin and the market as a whole. Whenever the RSI stalls at the 70 level and there is an SFP at the highs, it's never a good sign. If we start seeing additional downside next week I fear that more downside is to be expected.
At the risk of this shitter nuking the market again, I can say that it's looking constructive on its $ETHBTC pair at .03.
Q1 has historically been great for eth and sentiment is in the gutter. I think this presents an opportunity here to try and give this shitcoin 1 more try. If it manages to even get to .047 that's a 50% move and it would be amazing.
$HYPE: The best looking altcoin chart by far. It is still within its accumulation range of 19-23 and somehow has not put in lower lows despite the wider altcoin market taking a deep dive in the last few days. Whenever we go back to risk on, this is the one you'll want to be hard on.
I've seen lots of calling for a cycle top recently on CT and I think it's because people don't own $BTC or use it as the market gauge.
We've seen throughout the last 2 years that alts die all the time. Yet, people keep letting the performance of their shitcoin trick them into believing that the cycle is over because their specific alt topped.
Putting it into perspective, even though $BTC likely hasn't topped, it doesn't mean your alt hasn't. Your alt can bounce and never make new highs again while BTC continues pushing new ATH's.
New shiny alts have been speedrunning their lifecycles as we've gone deeper into the cycle, and until QE returns, I don't think this will change. Please make sure you're re-evaluating your positions frequently, as you don't want to be stuck holding the bag.
$ETHBTC: Please let this be the start of a bottom formation. Monthly support has been hit, and lower timeframes are beginning to look constructive. Sentiment is also at rock bottom with the .eth's capitulating over the last few days
Looks like we have lots of positive news for the long term but I fear that in the short term it's a letdown and the market seems to be reacting that way atm
$BTC: I think we are stuck in a range until further notice. Keep an eye on the MA+EMA 100 cluster lower down just in case as we tapped them before moving up in Jan and May 2024 before moving up.
Ideally we don't need another full daily compression again because that would require months of sideways and pain.
I don't think this cycle is different so 2025 should be good and Q1 should end up being bullish.
$SOL: The CME futures listing news leads to a potential Solana ETF. I believe this should catalyze the price discovery run we've been waiting for since mid November.