SolChains
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We are NOT at the beginning of the bull run. A year ago, $BTC was around $20k. Now we are above 100k - that's a 5x move in 12 months. Even the Binance CEO previously gave a price prediction of around 90k BTC at cycle tops, and we've already surpassed that.

If you get into Crypto now, understand that you are not early, and there's going to be significant volatility - likely Bitcoin corrections of 20-30%, with alts potentially dropping even more sharply. Keep an eye on key metrics like NVT ratio, funding rates, and HODL waves to gauge market sentiment.

Don't just pick a random price target and hold until you see that number. The market doesn't care about your targets.
BTC has been in price discovery zones since breaking its 2021 ATH of $69k, and the risk/reward ratio is unfavorable for any LEGACY crypto beyond their previous bull run ATHs.

While it seems very unlikely the bull run would end before ETH breaks its previous ATH of $4.7k, it could happen since SOL and SUI, along with other L1s, are absorbing massive liquidity.

I believe until we reach ETH 2021 ATH, ETH will outperform SOL. Do not be fooled, SOL is way past its ATH in terms of market cap already.
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1-2 year $SOL hodlers are down from 48% in June to only 5% now.

6-12 month hodlers have 27% of the Solana supply.

This means that those who wanted to sell SOL, and buyers from very cheap Solana prices have sold.

The sell pressure mostly comes from people that bought in around 150 dollars and beyond.

I don’t think we get a 700+ SOL. I will sell around 300-350. On-chain data shows it is when these 6-12 month hodlers will be pressured to take profits.
Next week will be massive.
$SOL has been underperforming $ETH since November 16th.

Let’s see if we can find support on the 50 day moving average and see Solana outperformance against Ethereum again.

Meme’s have been slowing down while utility alts have been rocketing. This is bad for Solana.
Forwarded from @LOOT
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💰Who’s ready for $ETH to send to 2021 ATH’s of 4.6k+ soon?
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$SOL has been going down in a bullish flag. 85%+ of the time in a bull market, bullish flags break out to the upside.

Another good news is that while Solana's price action has been going down, the TVL (Total Value Locked) has been increasing which shows people's confidence in Solana.

Key level I am eyeing is the 0.618 Fib support of 197-200$. I will start worrying if we break that.

Other than that, I believe we are looking at a 300$ Solana within a month.
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Returns only tell one side of the story. Risk-adjusted returns shows the true attractiveness of a narrative.

What you should realize is that memes aren't even top 10. Most of you will lose trading memes.
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$BTC is seeing a double bearish indicator on the RSI Divergence.

This could mean either a round 2 for altseason, or we going to get a whole market correction soon.
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If there is anytime to load up on some quality blue chip memecoins, it is now.

Remember it is the same coin, just at a discount. If you like $FRED go grab a bag. Same with $POPCAT or $CHILLGUY.
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SolChains
If there is anytime to load up on some quality blue chip memecoins, it is now. Remember it is the same coin, just at a discount. If you like $FRED go grab a bag. Same with $POPCAT or $CHILLGUY.
SOL/BTC chart shows us that we are currently at a very high potential bounce range for $SOL to start outperforming $BTC again. We have bounced in this area several times (I circled on the chart).

With this information, I think it would be wise to load up on some Solana, or Solana related plays like memes, or DEXs.
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The CME prediction for a rate cut during today’s FOMC meeting is 98.8%.

The last few rate cuts the same thing happened: people get scared and market corrects a little, but after the meeting we pump heavy.

Altcoins are at amazing discounts, BUY BUY BUY.

Stay strong, pump is inevitable.
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Im ready for altcoin season are you?
With 1 sentence Jerome Powell crashes crypto…
SolChains
💰 Bitcoin has rallied quite literally 100% in a continuous uptrend since August 24. The consolidation period before this was 149 days long. Currently our uptrend is 126 days long. Right now is such an important zone because we are below 100k, and price is…
If you read my posts, I’ve told you about an inevitable correction. I don’t think the bull run is over unless we break 80K on $BTC.

Corrections are healthy for markets. Heading to 80k would only be a 26% dip and 20-30% dips are normal in bull markets.
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SolChains
I bought some $MOVE
$MOVE holding so well. It is hard to see when everything is pumping, but in a sea of red, we can spot real gems.
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Forwarded from @LOOT (It is me)
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Traders after seeing this week’s crash.

In all seriousness, this is only around a 10% dip for $BTC. 20-30% correction are normal and healthy in a bull market.
SolChains
Be fearful when others are greedy, and be greedy when others are fearful. Last time the Fear & Greed index was in extreme greed was in March, and it was roughly for a month. Currently we are also at extreme for roughly a month. I am anticipating a 20-30%…
Ive always said many times that we needed a 20-30% correction.

Look at March to September. We had a healthy -30% chop.

Bull run isn’t over. We are currently on the 50MA, if we bounce here would be picture perfect. If not the 100MA is around 80k which is also reasonable.
SolChains
Ive always said many times that we needed a 20-30% correction. Look at March to September. We had a healthy -30% chop. Bull run isn’t over. We are currently on the 50MA, if we bounce here would be picture perfect. If not the 100MA is around 80k which is…
This correction that we are in will be way shorter than the 7 month correction we had during March. I expect no longer than a couple days to 2 weeks.

The rally after this correction is when the true altcoin season starts. Prepare. 🚀