1/n
I reckon we've got a few months left of this cycle. I believe it's going to top out around September. Based on Stock to Flow. Whether Stock to Flow is correct or not, it is a meme, so will be manifested by traders who are setting bids/asks based on it, etc.
I reckon we've got a few months left of this cycle. I believe it's going to top out around September. Based on Stock to Flow. Whether Stock to Flow is correct or not, it is a meme, so will be manifested by traders who are setting bids/asks based on it, etc.
2/n
I think in the nearterm, a rising tide can lift all boats. BTC can keep rising. That means hodlers and good traders have profits to deploy to alts. It also means more and more normies enter and go, "Oh BTC is way too expensive now. What's cheap?". That can drive alts up too.
I think in the nearterm, a rising tide can lift all boats. BTC can keep rising. That means hodlers and good traders have profits to deploy to alts. It also means more and more normies enter and go, "Oh BTC is way too expensive now. What's cheap?". That can drive alts up too.
3/n
I also think alts can have big drawbacks and the setups would still be in tact/healthy. ETC was vertical. I don't know if the others will be. Here's LTC making its way up. It's messy, but see the red highlighter over those retracements? The alts could do this while BTC flies.
I also think alts can have big drawbacks and the setups would still be in tact/healthy. ETC was vertical. I don't know if the others will be. Here's LTC making its way up. It's messy, but see the red highlighter over those retracements? The alts could do this while BTC flies.
4/n
And maybe it plays out like 2017 where BTC topped, but then alts had a final rally afterwards. As BTC declines from its new ath, maybe in September/October, alts can have profits rotated into them, pumping them skyhigh. This would make them parabolic on their BTC pairs too.
And maybe it plays out like 2017 where BTC topped, but then alts had a final rally afterwards. As BTC declines from its new ath, maybe in September/October, alts can have profits rotated into them, pumping them skyhigh. This would make them parabolic on their BTC pairs too.
So all in all, I think BTC pumping is a good thing for all!
Thanks @cyberspaceape for encouraging me to make this into a thread!
Thanks @cyberspaceape for encouraging me to make this into a thread!
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