Top line: $SRM is a good project - SPOT buys now for LT Hodl are entirely legitimate
*For rebound play - $BTC beginning to bottom as it does so playing certain ALTs will render > returns than BTC longs alone
*Suspect this bull run - (may not constitute full bull-market conditions) - will separate projects with better tokenomics and those with more institutional backing.
*$SOL ecosystem may not be CryptoVerse friendly (centralised, VC backed, majority whale controlled) - but it is institution friendly -> JRM $100m fundraising round for $SRM, $FIDA, $RAY, $MAPS, $OXY - all underwater despite 15% off market at dispersion, but all locked in for 5+1 years (cliff then differential vesting schedule) -> a.k.a These projects have legs
Looking now for dump to pull liquidity from majority residual long OI before producing a good run up
Macro Triggers:
14th Jan - USA Retail Sales MoM - est. 0%
17th Jan - China - GDP Growth Rate YoY announced - Previous 4.9%
18th Jan - Japan - BoJ interest rate decision
However trigger could just as easily be new announcements in CryptoVerse.
Timeframe: NEXT 3-15 days
Prediction:
Price to hit top somehwhere between red bars
Price Targets for subsequent buy ins in green
*For rebound play - $BTC beginning to bottom as it does so playing certain ALTs will render > returns than BTC longs alone
*Suspect this bull run - (may not constitute full bull-market conditions) - will separate projects with better tokenomics and those with more institutional backing.
*$SOL ecosystem may not be CryptoVerse friendly (centralised, VC backed, majority whale controlled) - but it is institution friendly -> JRM $100m fundraising round for $SRM, $FIDA, $RAY, $MAPS, $OXY - all underwater despite 15% off market at dispersion, but all locked in for 5+1 years (cliff then differential vesting schedule) -> a.k.a These projects have legs
Looking now for dump to pull liquidity from majority residual long OI before producing a good run up
Macro Triggers:
14th Jan - USA Retail Sales MoM - est. 0%
17th Jan - China - GDP Growth Rate YoY announced - Previous 4.9%
18th Jan - Japan - BoJ interest rate decision
However trigger could just as easily be new announcements in CryptoVerse.
Timeframe: NEXT 3-15 days
Prediction:
Price to hit top somehwhere between red bars
Price Targets for subsequent buy ins in green
Comment:
Very much still valid - begin looking for entry - Ideally after capitulation candle on BTC
