We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.

Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.

And what happened?

> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.

And what is to come?

> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).

And all this with stablecoins reaching all-time highs.

Is this the end? Are we all going to die?

I don't believe it.

For me nothing has changed.

Nobody said the bull market was going to be easy.

The best, for me, is yet to come.

You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.

The difficult moments are what separate babies with poop on their butts from legends.

Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.

We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.

It seems like a meme, but it is not.

There is something that will never change.

> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.

And it is certainly the fastest way to lose money in this market.

Sorry, I didn't make up the rules of the game.

The road will be long and there will be monsters and corpses along the way, just try not to make it yours.

The bull market is not over.

They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.

Nothing has changed.

Patience, conviction, buy the dip & chill 🏝️

Daily Memecoin Recap - August 26

Volume is scattered across $sol & $trx

A Social Experiment
$cabal -> hit $910k , good concept, 10 KOLs were airdropped 2% supply each to see who would dump and who would hold

Youtube Dog
$sdog -> hit $600k , "The first meme coin fully built on top of youtube video"

Vibes Gains Traction
$vibes -> $803k to $8 .4m (10.4x), blknoiz06 tweeted about it, seeing it all over the timeline

So Much Higher
$smh -> hit $2 .8m, bundled, a lot of KOLs on board, experienced team

Sol Payments In GTA 6
$krill -> hit $440k , CTO
- A leak came out
- The leak says that GTA 6 will have an in game currency "skrilla", which will allow users to directly transact with other plays
- The leak claims that it will be powered by the top 10 cryptocurrencies

More Cooks
$deebo -> $180k to $790k (4.4x), "Deebo the Bear", CTO
$degh -> $63k to $630k (10x), redacted dog meme
$dp -> hit $1 .3m, "Daquavious Pork", CTO, based on viral tiktok videos
$euphoria -> hit $550k
$3dog -> hit $545k , "3D Dog"
$sicko -> hit $370k , "Sicko Mode", cat meme
$perro -> hit $325k , dog meme

Did you cook? 🍜

BTC, locally a resistance zone, has become a support. Marked in pale green on the graph. BUT this support is weak, due to the line of the ascending pattern, see the chart. At the moment, a setup has been formed with local level compression. also look at the chart, local resistance. Bitcoin is now almost at the end of this setup. Getting out of it in the next couple of days. A breakdown of the local resistance zone will send the price higher to the upper limit of the pattern. So a breakdown downwards will send the price at least to the local support zone. Such patterns make their way in both directions, As a minimum setup from August 20, 1 goal worked out. Most often, recently, the working out of such patterns has been down. But at least you need to wait for the breakdown. In general, the market has almost recovered, the last touch remained on September 11, inflation data. And after that, the market is free from negativity and fear.

the withdrawal from the exchanges exceeds the input - 2%, 1,400 btc

Altcoins, as well as Bitcoin on September 11, are awaiting data. But still, after the last correction, its bottoms from the beginning of August, many have already gone far enough. The activity of investors and the general mass of traders is at the lowest levels. Many people no longer have faith, almost the majority have sold and left the market. There is also enough metric data - it signals the day or close to it (of course, this data has already been during this month) and for many coins the bottom is more likely already passed! But there are still a lot of coins that can be bought back at an attractive price. I quote Buffett's words "when blood is pouring, buy, when euphoria and everyone is shouting buy and sell"

https://www.tradingview.co.../

Their goal is clear: to put you to sleep and then make you surrender through boredom.

👉 The plan is to create a period of stagnation or low activity to decrease engagement and interest. Meanwhile, they work behind the scenes to prepare their next big move. Once general interest has waned and investors have become less vigilant, they launch a new wave of euphoria.

👉 This price increase attracts not only new investors, but also those who panicked and sold during the boredom period. These buyers provide the liquidity needed for those who orchestrated this strategy to sell their positions at high prices.

👉 By selling at the height of the euphoria, they make significant profits on the liquidity provided by those who were attracted by the price rise. Ultimately, new investors are left with devalued assets when the wave of euphoria ends and prices fall following massive selling by whales and institutions.

Their strategies are essentially based on manipulating investors' emotions to maximize the manipulators' profits, to the detriment of those caught in the trap of excitement and FOMO.

#Bitcoin

Solana still has a solid base in this heterogeneous market. All that's missing is the euphoria that will stop at nothing. The survivors are simply on their way to the top.

How to become a better trader

- Look for good entries (avoid top blasting if possible)

- If you feel FOMO, don't enter the trade

- Ask yourself how you're feeling. If you feel nervous/stressed/anxious right after entering a trade, exit

- Once you enter, open the chart & set price targets (3x, 5x, 10x, etc.)

- Set limit orders to sell at these price targets. It's much harder to take profits when you don't have a plan

- Try to sell during peak euphoria. If everyone is in, there's no one left to buy

- Never overexpose yourself to a single coin

- Example: if you have a 10 sol port, play with 0.5-1sol per trade

Always put risk management first. You're not gambling, you're trading

Take Calculated Risks

Liquidity is scarce.

In March in full euphoria, an average of +10 billion dollars flowed into the market.

Today, we record +0.5 billion every day.