image using Ai.
while bitcoin is also now fighting back and staying in the game with these couple of days the entire outlook has been changed.
A lot of short liquidation has been covered with this move up and still bitcoin isn't at ATH's. Let's talk about it in details as it's Friday and from onwards crypto is supposed to get all attention on weekends when stock market will be closed.
I forgot how volatile pumps can be until recently
I was looking at the market especially Total marketcap and realised billions can be added into market within half an hour.
We've witnessed a $100 billion inflow into crypto just within half an hour and bitcoin is off to a good start, never been this good
the strength in the market is quite amazing. Not even letting bears drag bitcoin below $120k is impressive.
Just about 3% away from new ATH which is achievable on Friday like today and weekly should be closed as the biggest ever in the history only then men can be truly happy.
Alts Look Good?
While looking at Total3 altcoins market should kind of lag here we could see a double bottom similar to ETH
But as long as ETH takes the charge don't think it'll take long to breakout from here
It looks good to me but I'll see bitcoin taking lead and bleeding this down in coming days.
Only few strong altcoins would survive and going to make new highs while others going to lag.
SUI and Avax are two horse to ride in Q4
Once you've your thesis you're suppose to stick with it. Before uptobrr began I said I'd only be interested in Avax and SUI
Because both are going to perform well and as of now SUI is one hell of a coin while Avax is still struggling in the resistance.
Uptober is when SUI will go into price discovery and the peak would be selling these at $10 or around that.
Suppose we're due for an APT like run for SUI and it's not about if but when.
At the moment AVAX is acting like it'd make you watch market perform while you're sitting on a chair at the corner of room and it'd just stay underperforming.
I'd be patient with this one but if it doesn't catch bids in next week than will have to cut it down and just hold on spot for q4 cause I believe it'll be above $50.
And it could happen just in a week cause pumps are violent.
So if you want to see an example of that than here it is:
We're due for pumps like this, haven't seen on any altcoins yet. So it's better to pray we get couple of these especially for those coins we're holding from a long time.
Would be awesome when we'll get bids like this on hive again.
So yea embrace the pump and stay patient, none of us is suppose to sell anything this low cause we've been waiting all year for prices to climb and when it's doing just don't sell early.
That's all folks. Would love to know what's your thoughts on this in the comments.
fin.