The Massive Potential of June's BULL-RUN
Now that all of the speculations are pointing to the approval of the Ethereum ETFs, along with the positive CPI reports this week, it's safe to assume that we're about to break out of the current accumulation period.
After +60 days of correction, everyone is eager to explore the potential of the next bull-run, so let's delve right into it. HOLD YOUR BREATH!
- STAGE ONE: MAKING A NEW HIGHER HIGH
In case you haven't noticed, on the 4th of this May, we have already broken out of the downtrend that lasted since the first day of April. However, we haven't made any higher high yet, so the bearish structure is technically still valid.
Thanks to a whole bunch of good news and won rounds for crypto in the regulatory and judicial war, starting with RIPPLE surviving court and -hopefully- ending with the Ethereum ETFs approval, a break of the bearish structure seems inevitable to me, leading to a surge towards the 700B milestone.
This is going to significantly refresh the alt-coins market, making up for April's harsh losses.
- STAGE TWO: SELLING THE ETHEREUM ETF NEWS
Now that things are looking greenish for the bulls, it's time for the exchanges to make money too. A minor correction and a retest of the 700B level would be reasonable, liquidating a ton of long positions, reigniting the trauma of the resistance that ended the February - March Mini bull-run and shaking more and more hands.
And of course, there's the excuse of 'selling the news' for the exchanges to use before liquidating the crypto Futures market.
I expect the traditional Alt-coins (ETH, XRP, ADA, etc..) and AI coins to perform extremely well at this stage.
- STAGE THREE: THE JUNE BULL-RUN
May wasn't as tough as we had expected, right?
Well, this cycle is just getting started surprising us. As June approaches, Alts should see positivity due to the impact of the adoption of Ethereum. And of course, the largest piece of that green cake will be handed to the holders of any Alts related to Ethereum.
We should see AI coins continuing their dazzling performance, promising projects related to RWA and Solana's competitors performing really well at this stage.
I expect this stage to end when Ethereum makes its new ATH and as July approaches, then we should see Bitcoin taking back the lead and making its REAL ATH. Because.. you know.. 73K wasn't a real ATH (whispers).
In my opinion, this scenario can be invalidated in two cases..
First case is if the Ethereum ETFs get disapproved.
Second case is if we somehow revisit the current cycle bottom (highlighted on the chart).
So that was it! My humble advice?
- DO NOT use leverage, you don't need to challenge the exchanges and risk your capital. Enjoy a happy and calm June by buying your favorite coins on the Spot market.
- DO NOT hold your alts for too long after Ethereum makes its new ATH. Bitcoin has to take back the lead and make its way to a new ATH. Don't worry, you will get many new opportunities during Bitcoin's bull-run.
Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
After +60 days of correction, everyone is eager to explore the potential of the next bull-run, so let's delve right into it. HOLD YOUR BREATH!
- STAGE ONE: MAKING A NEW HIGHER HIGH
In case you haven't noticed, on the 4th of this May, we have already broken out of the downtrend that lasted since the first day of April. However, we haven't made any higher high yet, so the bearish structure is technically still valid.
Thanks to a whole bunch of good news and won rounds for crypto in the regulatory and judicial war, starting with RIPPLE surviving court and -hopefully- ending with the Ethereum ETFs approval, a break of the bearish structure seems inevitable to me, leading to a surge towards the 700B milestone.
This is going to significantly refresh the alt-coins market, making up for April's harsh losses.
- STAGE TWO: SELLING THE ETHEREUM ETF NEWS
Now that things are looking greenish for the bulls, it's time for the exchanges to make money too. A minor correction and a retest of the 700B level would be reasonable, liquidating a ton of long positions, reigniting the trauma of the resistance that ended the February - March Mini bull-run and shaking more and more hands.
And of course, there's the excuse of 'selling the news' for the exchanges to use before liquidating the crypto Futures market.
I expect the traditional Alt-coins (ETH, XRP, ADA, etc..) and AI coins to perform extremely well at this stage.
- STAGE THREE: THE JUNE BULL-RUN
May wasn't as tough as we had expected, right?
Well, this cycle is just getting started surprising us. As June approaches, Alts should see positivity due to the impact of the adoption of Ethereum. And of course, the largest piece of that green cake will be handed to the holders of any Alts related to Ethereum.
We should see AI coins continuing their dazzling performance, promising projects related to RWA and Solana's competitors performing really well at this stage.
I expect this stage to end when Ethereum makes its new ATH and as July approaches, then we should see Bitcoin taking back the lead and making its REAL ATH. Because.. you know.. 73K wasn't a real ATH (whispers).
In my opinion, this scenario can be invalidated in two cases..
First case is if the Ethereum ETFs get disapproved.
Second case is if we somehow revisit the current cycle bottom (highlighted on the chart).
So that was it! My humble advice?
- DO NOT use leverage, you don't need to challenge the exchanges and risk your capital. Enjoy a happy and calm June by buying your favorite coins on the Spot market.
- DO NOT hold your alts for too long after Ethereum makes its new ATH. Bitcoin has to take back the lead and make its way to a new ATH. Don't worry, you will get many new opportunities during Bitcoin's bull-run.
Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
Trade active:
We have reached our first target (700B) with one very promising candle.
And as predicted, it only takes one piece of news about the Ethereum ETFs to boost the market.
Let's see what happens.
Congrats to everyone who stayed patient during the past two tough months.
And hard luck to the bears who shorted the market this week.
And as predicted, it only takes one piece of news about the Ethereum ETFs to boost the market.
Let's see what happens.
Congrats to everyone who stayed patient during the past two tough months.
And hard luck to the bears who shorted the market this week.
Comment:
UPDATE
JUST IN: SEC officially approves all spot Ethereum ETFs.
Our June scenario is on.
I would wait for the news sell-off and the liquidation schemes to end before making new decisions.
ETH hasn't reached $4000 and TOTAL3 hasn't made its major pump yet, so we should expect pretty unexpected movement all over the market in the upcoming few days.
My recommendations:
- Buy Solana gradually from now til you see 'SOLANA ETFs' all over the news headlines.
- Put limit buy orders on good entries for your favourite alt and meme coins now.
- Don't give up on
XRP
yet.
Congrats to everyone who believed in this cycle on their researching performance and their resilience!
Happy bull-run.
JUST IN: SEC officially approves all spot Ethereum ETFs.
Our June scenario is on.
I would wait for the news sell-off and the liquidation schemes to end before making new decisions.
ETH hasn't reached $4000 and TOTAL3 hasn't made its major pump yet, so we should expect pretty unexpected movement all over the market in the upcoming few days.
My recommendations:
- Buy Solana gradually from now til you see 'SOLANA ETFs' all over the news headlines.
- Put limit buy orders on good entries for your favourite alt and meme coins now.
- Don't give up on
XRP
yet. Congrats to everyone who believed in this cycle on their researching performance and their resilience!
Happy bull-run.
VanEck's spot Ethereum ETF has been listed on the DTCC as $ETHV.
This is big news. We might see a surge in the market once US sessions are open,
Alts are still quite undervalued, so we should expect a significant short squeeze.