- The pump on non-existant volume - Few minutes before monthly close to give a space for buidling a next red candle - The pump failed to break the falling trendline - Tons of overlevereged sellers liquidated with leveraged long increasing at this exact moment - Altcoins still heavily overvalued.
Yeah, I am sure it's gonna end "well". Totaly not a fakout.
Mikanoshi
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@kamil92, Half of alts from top 300 are down 90-98% from their ATHs, other half is 70-90% down. I'd say it's a pretty good correction.
- Bitcoin dominance is at 44% currently while the lowest was 39% and the highest ~70% in this cycle. - Most of the alts are moving linearly with the bitcoin and keeping their price in BTC pairs. - While BTC is at ~30% loss comparing to the beginning of 2021, the DOGEUSD is x10 of what it was then, ADAUSD x1.5, BNBUSD x6 etc - Shiba Inu is in TOP13 position still
Seems the altcoin season never ended.
Mikanoshi
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@kamil92, It seems like current cycle never ended ;)
kamil92
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@Mikanoshi, Let's hope the same won't be told about bear market in next years. "It seems bear market never ended"
Hitting last All-Time High for Bitcoin will happen mid to late 2024.
End of next bull market late 2025.
Next bear market start January 2026.
GaryZmywara
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@AlanSantana, Yes, of course, although at the same time, don't you think making predictions of this kind is pretty much the pinnacle of retardation? The worst part of it is that some people will make financial decisions based on these wild guesses and you'll probably still feel good about producing more of them.