
CryptoRay โญ ๐๏ธ
22.3K posts

CryptoRay โญ ๐๏ธ
@CryptoMarketRay
Mandy Award Winner & Co-Host 2dudes1Pod https://t.co/QLK0r9QgGR #BTC Maxi, Altcoins, NFTโs, Dodgers, Lakers, Cowboys. investor. NFA



Gonna give it a couple of days to let the dust settle โ but tbh, I think Iโm gonna sell some BTC and buy some more alts here this week Just canโt really be expecting significant further downside when weโre coming into 2023 support for OTHERS as a % of TOTAL3, seeing momentum exhaustion on altcoin dominance at cyclical lows, 200wMA in USD and pre-election support vs QQQ between 360wMA and 200wMA, which have been historically rewarding areas to allocate Obviously, my view on alts is that in order to see *sustained and broad-based* outperformance (PvE) you need both the business cycle recovery & global M2 outpacing global GDP โ and weโre not quite there yet That said, I think weโre close to seeing both and the market will likely front-run this somewhat, so Iโm happy to rotate some BTC into more alts here with the expectation that Iโll eat some drawdown over the next week or two I categorically do not believe we are late cycle for all of the reasons outlined in previous posts; rather, I still believe the first half of this cycle was ETF-driven with rotational/PVP/โhot ball of moneyโ dynamics in alts precisely because we are not in the same environment as 2017/2021 โ but I believe that environment lies ahead and second half of the cycle will be debasement-driven, as long as the Dollar plays ball In that environment, alts will outperform BTC and whilst I wouldnโt be surprised to see more capitulation short-term, rotating now when *all* post-election positioning has been wiped out seems like a decent bet







One of 5 bathrooms going on over here.. gonna update after the tile and stone go in. FYI, the wood trim you see is just a mock up. ๐ ๐ฆบ












