BUY.
It has been a while but now is the time to take action. The Crypto market has been heavily underperforming in the last 4 months while stocks and other assets have seen all-time highs after all-time highs. Since our April market analysis post, everything has been playing out. We talked about the current range of Bitcoin and how we should expect $53000 and $52000 and promptly this is what happened.
Now having this target out of the way and most Altcoins being down more than 60% from highs we are hovering in the golden opportunity area. If you liked Tia at 16$ you loved it at $4.8 or even $6. INJ at $18 is giving us great entries for people who didn't catch the first leg up and such many cases.
If you survived the past 4 months rejoice because your time to shine is about to start. After this month the FED should start lowering interest rates and we all know what happens when the money printer is in full throttle. To state the obvious this is not financial advice the FED might not lower rates and anything can happen but from our pure observation, we believe this is coming soon.
Coincidence? We think not!
Something we noticed that may just be a coincidence but what if it's not?
Historically tesla stock and Bitcoin move similarly.
Tesla is finally rising from its 2-year bear market after finding strong support at a level that by the way we talked about 5 months ago and we nailed the Tesla bottom at $150(https://youtube.com/shorts/SxxGpMGUDAk?si=iNL0sojP8pj7mO6D).
There is a high possibility that as Tesla and Bitcoin hit their respective targets and as you can see are getting close to each other we might see them pump in tandem like during previous uptrends. Obviously this is just theory but something worthy to be looking at.
So what now?
We buy. This is a great opportunity to get a lot of altcoins at huge discounts from their highs if you are not sure which ones to pick visit our previous post and social media content on YouTube and TikTok. If you noticed we didn't tell you to buy since the start of the downtrend 4 months ago because we didn't see a clear bottom on the charts but today the risk-to-reward ratio is too great to miss. But be careful we are still below important EMA's on many coins. Even if Bitcoin dumps another 15% from here it will stay in range. With the ETF live and quantitative easing about to start buckle your seats because our next stop will be planet Mars.