Many Factors Are Affecting The Market
Can't tell if $BTC is in correction or if bull run is over?
You're not the only one.
Many factors are affecting the market:
Mt. Gox, Germany, Elections, ETFs, FTX payouts.
I spent 100+ hours analyzing all data: here's when and why market will turn around 🧵👇

Before I begin...
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1/➮ We are currently in a stage of depression, and most are leaving crypto
✧ People are selling, no longer believing in future growth
✧ But this happens every cycle, and if you look at the bigger picture, it's not all that bad:

2/➮ Although altcoins are currently significantly underperforming compared to $BTC
✧ $BTC itself has already done a 2x since the ETF approval
✧ Now no one is buying because "$BTC is too expensive."
✧ And this is precisely the moment when the big growth begins

3/➮ Maybe locally, in the next month, we won't see any significant growth,
✧ Considering the amount of FUD due to the small inflow into the ETH ETF or the summer stagnation itself
✧ But buying during this dip will give you a big profit
4/➮ When the market is as challenging as it is now, it's better to zoom out
✧ Currently, the altcoin index is approximately at the November 2023 levels
✧ Right after that, we saw a 5x growth

5/➮ Therefore, try to stay focused on the positive factors that will drive growth, such as:
- ETF ETH S1 form approval
- Trump's crypto support
- Countries cutting rates
✧ There are even more factors, but people are more interested in spreading FUD than considering both sides
6/➮ I recommend that you take this position now and focus on the following:
- Learn some new skills
- Research new narratives/ideas, etc
- Search for undervalued alts
Accumulating the right positions now = 100x profit
Here is a list of factors to watch to catch the reversal:
7/➮ $BTC Dominance
✧ The chart shows BTC's mc as a % of the total crypto mc
✧ Since April, BTC.D has formed a consolidation zone from 54% to 57%
✧ As soon as it breaks below this zone, the altseason will begin

8/➮ Trading Volume
✧ Trading volume is currently much lower than it was in 2021, even though Bitcoin's price is higher
✧ There's no retail involvement yet, so as soon as it starts to increase, the market will rise

9/➮ Stablecoin Index
✧ This index indicates new capital entering the crypto market
✧ As we can see, we are far from reaching levels seen in previous cycles
✧ Once liquidity starts to increase, the market will grow accordingly

10/➮ Global Net Liquidity Index
✧ Another way to look at the current market stage is by monitoring the Global Net Liquidity Index
✧ This indicator gathers major central banks' assets and FED reserves
✧ For now, we can see that global liquidity is also in consolidation

11/➮ Also, a good way to kill your doubts about the market is to follow the opinions of pro traders because when 10 of them say that we are in a bull market and growth is coming
The sentiment turns bullish
Here are a few such opinions:
12/➮ GCR says that we're still in a bull market, echoing the summer of 2020
✧ For those who don't remember, after the summer 2020 dip, most alts went parabolic over the next 6 months
✧ And if history repeats itself, this might be the last chance to accumulate positions.

13/➮ Capo says that $BTC and $ETH still look strong, with the acceptance of the ETH ETF S-1 form, etc
✧ He simply can't be bearish here
✧ He continues to accumulate positions in altcoins

14/➮ Conclusion
✧ Considering all factors and the overall picture, it's not all that bad, there are more bullish factors than bearish ones, and you need to take advantage of the current sentiment.
✧ So, while we are in a local dip, accumulate positions, learn new skills, develop yourself, and by the end of the cycle, you'll find yourself among the winners.
THAT'S IT FOR TODAY..
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