Amilchin
@amilachin
π©βπ #REVIEW MARKET CYCLES Those of you who have seen previous bull runs are familiar with cycle of pump: Bitcoin β majors β altcoins. For years this has been a clear and useful tool to trade: firstly you bought $BTC, rotated it to $ETH and other majors and then rotated it into smaller alts, ending with selling everything into dollar. π€ͺ In 2024 we got one more party: memecoins! Nobody really knew when memes will pump, will there be another step in the cycle or maybe memes will pump together with other alts? Now we know the answer and it's quite surprising. Memecoins pump at the first phase together with Bitcoin! You can clearly see a decline on SOL/BTC chart and growth on ETH/BTC chart after $BTC marked a local top. This is the money flow: people sell their memecoins into $SOL and then sell $SOL into majors! This is a very important conclusion for us, now we know that it's worth to buy memes when $BTC starts the run and sell them into classic altcoins when $BTC tops! Remember this when $β¦
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sunny_daze
@rhythmixer
love this analysis! π memecoins are like the wild card in the crypto game now. thanks for breaking it down so well! ππ₯
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