BTC/USD
Most people anticipate for BTC to drop to 52k. This is a very common target on TA. Including me, I also set the target at 52k, 43k, and so on. But at the same time, I also look at the 100EMA line on 1D chart. Which historically bounced multiple times during the uptrend. So, I scooped some under that line and now it breaking the trend line. Yes, it’s coming.
BTC Dominance
What surprised me is the BTC.D that kept going and going since Q4 last year. Now I see it. BTC needs to pump first before its fat flies out to the altcoins. Some shitcoins pump hard but not that hard when compared to the previous cycle.
This chart made me consider to start buying more shitcoins. Yet, it could still go up until BTC hits 80k or something and then.. DROP!
When it drop I will ride along and keep taking profit on each block I drew.
Entering 2/3 of the cycle
I believe that from Q4/2023 to Q2/2024 is the first wave. The 1/3 of the cycle. People made lots of money. Especially, those who hit the right narrative. Which is meme, AI, and SOB. For the past 6 months, I have reflected on so many things.
Solana ecosystem made a great comeback (Unexpected)
Modular narrative made a huge gains and bleed out with low-float staking dump. (VC and investor staked their vested token and the yield become liquid immediately, iykyk)
Meme made a great run. Like it’s continuous from the previous cycle. We end with memecoins and start with memecoins. (Unbelievable!)
SOL/ETH is insane. Solana just became a meme factory chain. They’re good with business, pumping, hyping, building culture, and so on. They sell phones, and drop huge airdrops. All the airdrops from each dApps are connected.
Ordinal and Runes are pump and dump and purely speculative. People pay hundreds of dollars for a fee on the Bitcoin network. (sat/vB hit 1000-2000!) then it just dump and down.
I just picked some of the things I caught and learn from them. Now we’re entering the 2/3. What do I need to do to make some profit since I barely survived the 1/3 💀
I made some profit but it’s not huge like others and it’s pure luck. So, I just surviving at this point. Preparing for the upcoming wave.
FOCUS
I’m focusing more on shitcoins and lowering the stablecoins allocation. It might drop to 5%. Here are some of my focus.
Safe play
AI
DePIN (node)
RWA
Strong L1
Risk play
Memes
Shitcoin On Bitcoin
NFT
Keep in mind
The interest rate is coming down and it’s not even ZERO!
Inflation rate getting stable and tend to drop?
The election is coming and there might be some fiat printing which will flood to high risk assets.
People are getting fear in CT space.
Retails not entered yet. One of the indicators is CEX apps raking.
This is my first Substack writing. It’s terrible, I know. It will get better, I promised (to myself)