Looking good so far
Despite head line econ numbers, NXPI and QCOM both have a lot of exposure to Chinese OEMs. For both, across mobile, auto, IoT, industrial (NXPI specific) y/y and sequential growth was down for all regions expect China which grew y/y and sequentially which is expected to continue looking towards Q4. Just 2 examples, but strength in chinese demand growth has been a common theme so far in 3Q'24.
Looking across crypto / copper/chinese equities and their inflections in trend, it all seems to point to liquidity filtering through from their easing.
Bullish situation in confluence with US fed policy shift and conclusion of the election cycle.
Despite head line econ numbers, NXPI and QCOM both have a lot of exposure to Chinese OEMs. For both, across mobile, auto, IoT, industrial (NXPI specific) y/y and sequential growth was down for all regions expect China which grew y/y and sequentially which is expected to continue looking towards Q4. Just 2 examples, but strength in chinese demand growth has been a common theme so far in 3Q'24.
Looking across crypto / copper/chinese equities and their inflections in trend, it all seems to point to liquidity filtering through from their easing.
Bullish situation in confluence with US fed policy shift and conclusion of the election cycle.
👍3❤2
Random - Bank's look bullish af, even regional's up 5-10x off the lows.
❤5
BasedGod Cap
not a bad punt
finally over the ma and out the base, lets see if can run the fibs
BGC Priv Journal
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closed & replaced with Suncat as beta
if TRX rly goes for another leg, suncat likely re-rates up and 6mil is not a bad spot to hold a lev position. Out at any signs of a break down in the TRX leg
if TRX rly goes for another leg, suncat likely re-rates up and 6mil is not a bad spot to hold a lev position. Out at any signs of a break down in the TRX leg
BGC Priv Journal
closed & replaced with Suncat as beta if TRX rly goes for another leg, suncat likely re-rates up and 6mil is not a bad spot to hold a lev position. Out at any signs of a break down in the TRX leg
closed. probably way to early but hard to chill leveraged long on such a pumped chart. TRX +38% -> swap to Suncat beta +51%, both within minutes, i'll take the gains no need to push it
AI and Meme's are starting to get bids again. Consensus expectation is for there to be a market wide flush, contraction in Total3/Others and BTC.D to rise
Most of this move in Total3/others was driven by Last Cycle/Dino alts while meme's for the most part have been sold off already. There's a chance that many of these alts experience a 50%+ drawdown while capital rotates back into meme's and some AI names (look at the CB listed meme's and AI like TAO for reference).
If this happened, Total3/Others could still contract as BTC.D rises from relative drawdown outperformance. The reason is because Meme's/AI (ex. Doge/Shib) are still a very small % of Total3 and Others. Much of what we've experience so far has been in a btc.d rising env while total3/others were stagnant and trending lower. Many of the alts that may experience a large drawdown are in the Top 20-50 coins, which is a big weight on crypto mkt cap. Additionally it's where excess liquidity is concentrated vs. much of that has been shed from large cap meme's (trenches will still need some time).
imagine ur on coinbase and either just got into crypto or are coming back for the first time and u just 5x'd ur money on ripple, xlm, link, etc. and its tanking 30-50%. Then on top movers see moodeng flying up 50% on the day while the alts are bloody. most likely u realize some gains on ur positions and pile into the runner. From there u get the trickle down of new incremental liquidity coming into the meme/ai area thats been primed and shed of excess/frothy money - if i was the cabal i'd try and send these new meme's during an alt nuke.
Ofc there is a chance everything pulls back more together as a whole, or a chance that its up only from here on out, however the above isn't rly consensus and there are signs of liquidity rotating to certain names and showing rotation vs. everything nuke is a real possibility. Much of this cycle has also not been everything up only but more rotational through area's of the market. If alts do get smacked across the board, that is also still a buying opportunity for good names
There is also a chance BTC.d continues to decline due to some macro factors, not sure if its the case but have a theory on it - https://x.com/BlueLightCapit1/status/1863695719892242838 - either way i think if btc.d does rise it'll be through relative outperformance vs. btc up only, i also think the btc.d top has been set and a rise would result in a lower high
Most of this move in Total3/others was driven by Last Cycle/Dino alts while meme's for the most part have been sold off already. There's a chance that many of these alts experience a 50%+ drawdown while capital rotates back into meme's and some AI names (look at the CB listed meme's and AI like TAO for reference).
If this happened, Total3/Others could still contract as BTC.D rises from relative drawdown outperformance. The reason is because Meme's/AI (ex. Doge/Shib) are still a very small % of Total3 and Others. Much of what we've experience so far has been in a btc.d rising env while total3/others were stagnant and trending lower. Many of the alts that may experience a large drawdown are in the Top 20-50 coins, which is a big weight on crypto mkt cap. Additionally it's where excess liquidity is concentrated vs. much of that has been shed from large cap meme's (trenches will still need some time).
imagine ur on coinbase and either just got into crypto or are coming back for the first time and u just 5x'd ur money on ripple, xlm, link, etc. and its tanking 30-50%. Then on top movers see moodeng flying up 50% on the day while the alts are bloody. most likely u realize some gains on ur positions and pile into the runner. From there u get the trickle down of new incremental liquidity coming into the meme/ai area thats been primed and shed of excess/frothy money - if i was the cabal i'd try and send these new meme's during an alt nuke.
Ofc there is a chance everything pulls back more together as a whole, or a chance that its up only from here on out, however the above isn't rly consensus and there are signs of liquidity rotating to certain names and showing rotation vs. everything nuke is a real possibility. Much of this cycle has also not been everything up only but more rotational through area's of the market. If alts do get smacked across the board, that is also still a buying opportunity for good names
There is also a chance BTC.d continues to decline due to some macro factors, not sure if its the case but have a theory on it - https://x.com/BlueLightCapit1/status/1863695719892242838 - either way i think if btc.d does rise it'll be through relative outperformance vs. btc up only, i also think the btc.d top has been set and a rise would result in a lower high
❤3👍3🔥2
BGC Priv Journal
AI and Meme's are starting to get bids again. Consensus expectation is for there to be a market wide flush, contraction in Total3/Others and BTC.D to rise Most of this move in Total3/others was driven by Last Cycle/Dino alts while meme's for the most part…
also if there even is a nuke, i dont expect one tommorow, we prob have some juice still in the tank for alts to run