It's been a bloody market day, and every coin dumped like crazy. I have been expecting this dump since the beginning of September, as we already know from history that September is a red month every bull run year. It's quite surprising that the dump is happening towards the end of September, but then, better late than never.
On the flip side, I'm happy that is happening. Why? This historically aligns, and one more signal before alt season has ticked, so now we hold, wait, and feast. I say this with absolute uncertainty because I don't know about the market; I'm just making historical analysis.
I think we all can do with an alt season at this point, and if September wasn't bloody, even I would have been concerned. I have stopped analyzing the market or looking for signals since I got sick, and for close to two months now, this is the first time I'm doing so.
A lot of people have either given up or are no longer hopeful, the FUD on alt season is at an all-time low, and this is always the signal the market wants. This cycle resembles 2017, and that's because everything from 2021 is happening but happening slower in this cycle, and the September dump is another signal that historically correlates with every other cycle.
Perhaps I'm being biased in my analysis, perhaps not. My point is that since every signal and historical pattern is aligning, I feel that Q4 is going to be a blast starting from November/December.
While there won't be another 2021 in that there are now dilution and several coins and the market is now spread thin, I believe the market will do its thing even though this will not happen for every single coin or token out there.
80% of alts are still down, and this September dump looks like the end of all the dumps in this bull cycle. My prediction is that the market will explode in November and then go on to peak in January, and that's because of how this cycle is mirroring 2017, where all the pumps happened in December/January.
In reality, I need me an alt season, firstly because my gig hustle is becoming really toxic. The partner in question changes the payment agreement whenever she pleases and keeps demanding extra job hours.
She's extremely becoming greedy and insatiable, and I can smell her inexhaustible craving for more money. I want to be done with the job arrangement in 2 months, but I don't exactly plan to tell her I'm quitting; I plan to quit on the last day I tell her I'm quitting.
When the payment for the jobs is not exactly up to the efforts I put in, I put the money to good use. It's like having water while waiting for the main course. In reality I guess I'm the one who needs the "alt season" the most; I've been at home, sick, for almost two months now, and it's been challenging and tough.
We are all waiting for the alt season. Regarding your partner , if the job can still take care of your monthly bills, just endure until alt season .
Not a pretty day I have to agree, but those down days may be great buying opportunities. However, in your case you need that alt season to just help you survive. I'm still hopeful, but crypto cycles are different this time around and they may always be this way from now on...
You really can't afford to be working for that toxic woman, it will just make you sick all over again from the stress. I'm glad you are feeling a little better though! At least now you have two months to look for the next hustle once you quit!
that's the way! same as when you hate a work place, you drop it and screw them!
i noticed the heavy dump too, but i can't relate it to any geopolitical event, im kinda lost here
I wish I can understand more about those alt season? Ist when to buy or sell.
For your boss that's just how most boss are, you can't satisfy them no matter how hard you try, please do what will not affect your health.
Let's see what happens. It's good that things are following the pattern, but I would stick with the job until the altseason actually starts. Nothing is set in stone yet.
That job would hv okay to pay your bills until the alt season finally come and I hope the partner can do better
Really , the wait for this bull run hasn't been easy ...hv sold a lot of liquid hive this period cos I got no choice
I'm happy I read this, because I was a bit worried about how Hive got below 20. But i see that it's been a pattern. At least Alt season is just around the corner, but timing is everything. I really hope it lines up for everyone waiting for that break including myselg. Perhaps the down markets are just the reset we need before the real action
Glad to see you are regularly posting again! About the crypto market, it isn't so unpredictable, unless someone wants to micromanage investments and trade often. Sorry to hear about your gig, but from your posts, it seems the situation has gotten progressively worse.