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WIFI MONEY SPACE RECAP (07/09/24) 🗣️ 🟪 Big Announcement – Bitget will be the official partner of WIFI Money. Nagato has established a deeper collaboration with them, choosing Bitget because they have also "taken care" of his community. From now on, Nagato's referrals on Bitget will offer a free $20 start-up bonus and a lifetime 20% discount on fees using this link: https://bit.ly/NagatoxBitget Bitget will also be present at every future WIFI Money space. 🟪 Nagato discussed his post: (https://x.com/CryptoNagato/status/1831232032006984034) He mentioned that one of his favorite macroeconomist agreed with him, and similarly, Peter Brandt partially acknowledged his points. He is very pleased with this, and although their analyses aren’t exactly the same, they all converge in the same zone, which aligns with Fibonacci levels.
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🟪 Nagato saw a rebound on the chart in the lower zones, and in his opinion, that rebound took place yesterday. He believes the price action next week could be interesting and can't wait for the coming months. He’s bullish on Q4 and thinks the price will behave nicely in September. 🟪 Nagato points out that historically, September hasn’t looked good for crypto, and people are expecting even lower levels. He believes people are being greedy—not for growth, but for bigger dips—and they might be in for a surprise.
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🟪 Greg suggests that historically, when the "buy" signal is triggered on the hash ribbon indicator, BTC has experienced specific growth during that period. Overlaying this data onto the current chart, one could argue that BTC should reach $130K by the end of September (based solely on this indicator). He doesn’t fully expect this scenario and notes that it's an average, so even if it's around $100K to $115K by the end of October, it would still fall within range. He adds that he’s bullish on this indicator and that "we're almost there." 🟪 Nagato discusses his next post: (https://x.com/CryptoNagato/status/1831976212098351476). He says that all BTC has been doing for the last 6 months is re-accumulation around the previous ATH zone, and he believes there are two possible outcomes for the market. Either the crypto market is slowly dying and won't bounce back, or what’s happening now is an amazing opportunity to make big money. He concludes by saying that one of these options is a "no-brainer."
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🟪 Greg discussed his tweet about QNT: (https://x.com/GregLuntX/status/1832421921578745983). He’s very bullish due to the upcoming introduction of staking options. He says this is great news for QNT itself and for the entire crypto market. 🟪 Greg believes that looking at the QNT chart now, it seems terrible, but he thinks everything will return to normal in a few months. Internally, everything is going very well, and the team is doing an excellent job. The world and the market simply aren’t in the right place for this project to take off yet. Greg is holding most of his QNT bag, and it pains him to look at the chart, but he knows the project is fundamentally solid. We just need to wait for favorable regulations and the development of tokenization globally. 🟪 Greg reports that there are wallets accumulating only QNT and not even holding ETH for gas. He says that projects like QNT (with good tokenomics and fundamentals) could generate significant returns during altseason.
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🟪 Nagato believes that in macro analysis, the chart looks like this could be a bottom. 🟪 Listener 1 – Gave an example of a project he was involved in (didn’t specify which one). The project dropped by over 90%, and the price action was terrible, but over time, it bounced back strongly. In general, he brought everything down to the point that even when the price action looks terrible, if you see that the team is still working and not giving up, it’s worth not losing hope in the project. 🟪 Listener 1 – Asked the guys what they think about the possibility that the bull run might be delayed or disrupted by upcoming elections, potential regulations, and the appearance of ETFs in the market. He speculates that institutions are trying to control BTC and ETH, which could allow them to manipulate the market. He gave NVIDIA stock as an example.
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