It's been a while I looked at the crypto market and the charts lately, currently BTC is at 83k alts looks a little bit toast, but that's expected, a rally up should follow soon. Eth is down today, followed by a couple of other alts.
As I've always said, ETH is the biggest indicator for what happens to alts, so even though the market looks green for BTC, Eth and other alts are actually in recovery mode.
I predict that Eth will probably continue the recovery, except BTC decides to dump again in the next few days.
A lot of people didn't see or notice the BTC dump, it happened like a sort of flash crash, but flash crashes are horrible for alts and that's the pattern I've been noticing for a long time.
When the market slowly corrects or dumps, it's impact on alts is slower too and that's why the flash crash that happened in July took a dumped a lot of alts to all time lows.
But, as I've always said for months now, we're going to slowly build up momentum (I mean BTC) to around 90 to 95k levels, and this is probably going to happen in December/January, then maybe a few crap walks, back and forth and all that, and then the market starts going up again.
I remember when I also said that if the market doesn't crash back to the 58k levels in Q4, then we probably bottomed in July and we didn't know it. At this point, there's no flash crash that'll be taking us to the 58k levels anymore, because that'll be unimaginable.
This isn't to say we won't dump (again, my analysis is focusing on BTC). Okay, as I'm typing, there's been a dip and apparently BTC is back at 82k, what a surreal time to be witnessing what you've predicted, it's happening like before, and I think if BTC stays at 80k or, long as it continues to stay above 75k, I think the corrections looks normal and if it continues to stay this way, then it's honestly normal.
In reality BTC is actually very predictable, but it's sad that alts are currently deviating from the BTC price movement.
In the past, this would have been a good thing, but at the moment, it's honestly not. It would have been a good thing, because a lot of people actually dreamed about when alts would pump or dump without BTC, but honestly the BTC chart looks really great to follow, and there's honestly no gain in actually hoping that alts gets their own pump, because it's looking weak and uncertain at the moment. It also looks like October is begining to replace September.
September of last year, was green, but October was red, this year has the same pattern, and once again, I'm beginning to think the dynamics of Change happening to crypto at this point. It's looking similar, which seems to support my ideas that the crypto cycle is no longer following the 4 years cycle.
In my last crypto post, I mentioned that alts will be rip to take profit from June 2028 to January 2029, and that BTC will hits it's previous ATH on or before December 2027. I think I'm going to be right, and October replacing September is looking like the new normal.
Pay attention
So basically I didn't pay attention, if I did I could sold in September, a little coin I have, and then buy it back this October, but again, I'm learning. September will always be green now, and October will always be red, and it's safe to say we're probably not going to be getting any green until it's November.
So basically if you're planning to panic sell because the market is dumping, then you're not going to make it. Also, BTC is at 82k and there's a possibility we're probably going to be dumping throughout October, so there's a possibility that we might probably dip to the 78k range.
Although I hope we don't, because it's going to be scary for everyone, and it'll probably take us back to feeling scared like we did a few months ago, but then, let's see how it goes, a dump back to 80% is looking 90% certain at this point, and I think it's going to happen soon.
See you when it's November, remember, don't panic sell. October just replaced September.