Cyril - DeFi
Cyril - DeFi

@cyrilXBT

14 تغريدة 4 قراءة Jul 28, 2024
In 2019 we had a long side ways move before the uptrend began
Side ways movement have always been a thing in #crypto before the next leg up
After analyzing 100 hours of data, my findings will leave you SHOCKED
Here's the shocking truth 👇🧵
Let's talk about what most people think.
- Most are not hopeful, with 60% expecting things to get worse, and some think interest in crypto will disappear.
But what if we look at a Bitcoin chart?
Since February, Bitcoin has been steadily climbing, with many predicting an imminent bull run.
But now, Bitcoin is slipping, fueling claims that cryptocurrencies are worthless.
Yet, the chart reveals a 15-week consolidation phase, hinting that this pullback is no surprise.
Altcoins have plummeted, causing an 80% loss for holders.
But why? With $BTC breaking its ATH recently, why are alts so down?
Here's what experts say 👇
Crypto veteran Miles Deutscher highlights:
➜ Over 1 million new crypto tokens emerged in May alone (excluding Solana).
➜ This number is double the total tokens created from 2015 to 2023.
Market can't pump that all, but why?
x.com
Since the last bull run, the market has gotten smarter.
➜ Why buy copy-paste L2 solutions like $ZK, $STRK, and $ZRO for $5M instead of $260M?
What will happen to alt-coins this super cycle?
Remember the fundamental principle of cryptocurrency: each cycle brings new altcoins.
The key is to foresee the next trend and invest strategically in potential leaders.
Join me as I delve into emerging narratives and share my insights.
RWA & DePin:
Major investments have flooded these sectors in the past two years, signaling a strategic pivot.
GameFi:
Loads of top-notch games are out there, but they're missing the crowds. Expect a player boom within a year.
Gambling:
Crypto seamlessly integrates with gambling but hasn't captivated the mainstream yet, aside from meme-coins.
AI:
The AI buzz may have slowed, but OpenAI's upcoming innovations make it a trend to watch.
Next, let's determine the timing of the next upward move:
- A global liquidity index is one method to forecast this.
- By analyzing the accompanying chart alongside crypto trends, we observe a parallel pattern.
- The chart predicts a significant downturn within the next 6-12.
Here's another way to spot alt-season:
- Watch the Federal Reserve’s total asset holdings.
- When the Fed starts buying assets, it signals a big liquidity boost that will eventually hit the crypto market.
- The Fed is selling now, but expect a shift soon.
After reviewing the earlier charts, let's use the Rainbow BTC chart for clarity.
- We're in the "Fire sale zone," indicating a good entry point.
- Don't invest all at once. Start with 10-15% of your portfolio and buy more if prices dip.
And that's it!
If you enjoyed this thread
1. Follow me @cyrilXBT and turn on notifications so you don't miss out! 🔔
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