solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof Longer chop at every bottom region. I dont see many people talking about render on my feed, but that's cause price is corrolated with sentiment. Im just seeing NEAR, ZCASH, QNT We will probably see render in that list soon https://t.co/4FUrkTyxeZ
I’ve said this many many times and it’s even in my pinned, I don’t think there is a reason you could say the 4-year cycle is dead (rn). However, looking at this chart, for the first time ever, you could say that we have already bottomed. This line has been very accurate throughout the bull and bear market. I’ve talked for so long on why waiting for the 4-year cycle bottom (even if you believe in it) is a horrible idea. For a 4-year cycle to be valid, it does not have to bottom in October, MASSIVE MISCONCEPTION. If you wanna read more about it, I’ll post under the comments below what I said 3 months ago. Plan: If we maintain this line and break above 82k, the bull run will definitely be on. If we break below, we will see another capitulation event. I’m entirely 50/50 on what’s going to happen, but, if I had to choose, gun to my head, I would say we need one more capitulation event. Either way it doesn’t matter to me. I bought much eth at 1.5k-2k in the past 6months.
Is the 4-year cycle dead? Before I answer i'd like to point out 2 things. I thought btc would top here at 70k i was wrong. Second, this line that extends all the way back from 2018 has been insanely accurate. Go above = Bull Run Go below = Bear Market (Usually a 30-50% drawdown after breakdown) But for the first time this bear market, it has formed a bullish deviation below the line. This really is amazing to see. (still have to wait for weekly close, but seems likely we close above) BUT ALL OF THIS DOES NOT INVALIDATED THE 4-YEAR CYCLE, (yet...) The only way the 4-year cycle is invalidated is ONLY if we don't see a btc bottom around october (maybe late septemebr, early november). Now does this chart say the 4-year cycle is less likely to playout? Absolutely. The fact of the matter is, it still is not broken, and you have to be careful who you're listening to. The indicated arrow is NOT a prediction, it is a representation of what we need to objectively conclude that we have entered a bull market. hope this helps
ethereum:native Genuinely did not think it would go this high so quick but here we are. The charts look fantastic, a push to 2.7 could happen here. The only thing that makes it iffy is the 4-year cycle, which still has NOT been invalidated and still could play out. I have been going on and on with accumalating eth under 2k, I thought i was speaking on it way too much in fact. But with that being said, the charts look great, only thing against this bias is the 4-year cycle. https://t.co/ybVHsN2364
$ETH I'm not a big fundamentals guy, but when you have Ethereum's TVL metrics absolutely dominating its previous TVL during its 2021 bull run, you cant help but get super excited. Im not saying these metrics mean ETH has bottomed, but it does mean that ethereum is not even close to dying and is actually, now more than ever, a reasonable investment.