Very few people understand where we actually are in this cycle. Most people are treating it like a bear market bottom and will miss the right positioning and the right timing.
As for where we stand today I really only see August window 9-17th and Sept 11th week as the only two dates to watch in q3 from here. These dates could be the high of the quarter but given that the low pushed out a bit further than I thought in June its likely september could be of more importance now than the august window.
So possible the market will rally all the way into september from here. Either way its paramount to be aware of what I have been saying lately. this next wave will be the biggest thing crypto has ever seen.
It’s really the first major cycle for alts since 2015-2017. If you truly break it down the last 7 years have been dominated by btc with most alt pairs only ever making lower highs.
Now we have a setup where we are very likely looking at the tail end of a secular bull market for btc and the beginning of what will be only the second ever secular bull market in alts.
Crypto is still a very young asset class and this setup has really only been present last time ETH went from $80 to 5k. Very high chance my 16k target will look very conservative a year from now