Raoul Pal – “I’m Loading Up Massively on These Altcoins in the Banana Zone” #Finance

altcoin season we care about altcoin season because that’s when you make the big bucks altcoin season here’s altcoin percentage of Bitcoin total market cap we are likely to we follow the ism as the old ISM I’ve shown you is going to pick up well what we’re going to

see is altcoins dominance Rising massively and Bitcoin dominance falling and us being able to make a lot of money in the smaller stuff rather than Bitcoin ethereum now versus the previous periods is following the last cycle in Bitcoin now whether it gets to the Target here 20,000 eth who the knows

doesn’t really matter but directionally you can see what happens eth should Accelerate from here I’m I’m pretty confident that it will real Vision founder and CEO Raul pal believes we are nearly upon altcoin season a most revered period in every

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency bull market for investors like pal who pay attention to the smaller gems with the potential to deliver massive gains in little time there is no doubt that the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto bull market is in full swing and it has been for several months now in addition we’ve entered the much anticipated banana Zone phase of the bull market with Bitcoin leading the race

as expected the largest Cryptocurrency by market cap has reached multiple all-time highs in the past week and is currently trading above $90,000 per coin it is up by over 41% in the past month

105% year-to date and about 155% in the past 12 months on Wednesday after its market Capitalization briefly soared to 1.81 trillion Bitcoin surpassed Saudi aramco to become the world’s seventh largest asset trailing only gold Nvidia Apple Microsoft Amazon and alphabet

according to recent tweets from Bloomberg ETF analyst Eric balunis black Rock’s ibit and other spot Bitcoin ETFs are also putting in an amazing performance one of his tweets reads ibit has

hit the $40 billion asset Mark a mere 2 weeks after hitting 30 billion in a record 21 days annihilating the previous record of 1,253 days held by IMG it’s now in the top 1% of all ETFs buy

Assets and at 10 months old it is bigger than all 2,800 ETF FS launched in the past 10 years in a more recent update Eric added I thought things were cooling off but no I bit just saw $5 billion in volume today for the first time ever only three

style="font-weight: bold; color: #1a73e8; text-decoration: none;">ETFs and eight stocks saw more action today up to $13 billion in 3 days this week its peers are seeing heightened Volume 2 but on a smaller scale Fidelity’s fbtc did $1 billion its biggest day since March despite the

heightened excitement surrounding Bitcoin and the Bitcoin ETFs pal says there’s even more excitement to come when altcoin season starts he believes ethereum will easily surpass

bitcoin’s performance and probably hit $20,000 and salana will in turn outperform ethereum as we bring you more clips from Pal’s CashNews.co please take a little time to like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this thanks

for the support and enjoy the CashNews.co the other thing is back to the macro because the macro drives everything The Institute of Supply manager survey the ism that’s the guide to the business cycle you know how much money is your business earning how much money you earning it’s all

hidden in that thing and it’s still low which is why a lot of us feel like God the econom is not really working yet but the forward-looking financial conditions which is based about rates and the dollar and oil prices are forward-looking basis very positive for the business cycle so we should

see a lot of kind of economic activity and feel-good Factor within ourselves ahead so that’s very important because it drives altcoin season we care about altcoin season because that’s when you make the big bucks altcoin season here’s altcoin percentage of Bitcoin total market cap

we are likely to we follow the ism as the ism I’ve shown you is going to pick up well what we’re going to see is altcoins dominance Rising massively and Bitcoin dominance falling and us being able to make a lot of money in the smallest stuff rather than Bitcoin smaller stuff you know

for me the bets for me are salana and sui um but you will choose your own whatever that may be um and that’s fine I don’t want to argue about what tokens what here I’ll leave that to you but don’t go out too much out of your ski tips out of the risk curve Bitcoin eth salana

everything else is more speculative remember that so even when I talk about sui and you know I’m on the board of sui and so I am Shilling it but I’m actually not Shilling it because I actually care about being buying it in the open market myself because I think it outperforms everything

you still shouldn’t if you’re not a professional and you don’t know what you’re doing God’s sake don’t overweight this stuff too much I don’t want you to it up because R mentioned suie a couple of times do not do that um altcoins as a percentage of um

whether they’re outperforming Bitcoin blah blah blah uh no not yet we’re just starting we had the basing pattern now we’re going to start might be a bit more chopping around but Al season is here that’s Banana’s own signature

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto market cap excluding Bitcoin and E breaking out we should see a gigantic acceleration look at the acceleration we had back in um 2020 it just exploded from 80 to a thousand so that’s 80 billion to a trillion dollars

and we will see something more extraordinary this time I believe um so let’s look a bit price action just because you want to know what’s happening Bitcoin banana on banan on salana banana hasn’t broken the all-time high properly yet it’s kind of messing around but the

alltime high is higher but banana Central salana versus Bitcoin so we showed you the Bitcoin chart looks great look at the Sal chart it’s been stable but it’s been going up since 20 since uh October 2023 or December 2023 it’s been outperforming Bitcoin it’s the BET

I’ve had from that period and it’s been a lucky great bet salana onchain activity it’s huge the applications are being built it’s got everybody’s attention this is a wedge pattern it will break and it will wildly outperform Bitcoin in the back half of the cycle the alt

season so that’s the one thing to notice my other bet and I haven’t talked about this publicly um and I haven’t done anything publicly really on um Pro real Vision Pro macro yet or even GMI because I’ve just notice this chart pattern this is suie against salana this is one

holy mother of God inverted Head and Shoulders if this actually breaks then we’ve got a gigantic move in suie versus Soul so that tells you if it breaks this then suie is the chosen one pal has designated suie as the next salana and believes the layer token could outperform salana ethereum

and Bitcoin in this cycle though he cautions that there there are still many caveats to consider before investing in Crypto Assets like SOI he is confident that the layer 1

token will perform very well in the bull market in previous CashNews.cos pal addressed some concerns investors have about low free float tokens like sui arguing that during a full-blown Crypto

bull market only a small amount of money would be needed to drive the prices of lowf free float Crypto currencies like sui remarkably higher pal made similar arguments about low float High

fully diluted Valuation tokens in a social media Post in August arguing that these tokens may actually outperform the market in a bull market the post reads the Markets hate

low float High fdv tokens so they all fall on the initial float usually by 70% plus as the market prices future unlocks Etc most unlocks actually do not see large selling events anyhow however from that point on Supply is a known known so demand is the more important part of the equation if a token

shows real demand growth even in the early stage either from network activity or even speculative interest then demand will grow faster than supply for now and number go up with demand Rising across the none;">Crypto ecosystem as the bull market phases of Crypto summer and Crypto

fall take hold alt season tokens that are seeing increasing demand but tiny Supply due to low floats will be more asymmetric to the upside side in a bull market Bitcoin salana ethereum and sui are not the only text-decoration: none;">Cryptocurrencies on Pal’s radar he is also looking at meme coins like Dogecoin and his latest personal favorite smoking chicken fish here are more clips from the CashNews.co Doge this is another one that’s in my Portfolio uh published in Pro

macro in Pro macro and Global macro investor it’s aing killer uh those like clockwork captures the attention like clockwork and every time this part happens it goes bananas so those probably has a long way to run that’s in my 10% bucket of speculative stuff the other one is obviously

Lord fishner himself and the smoking chicken fish this chart is the giraffe looking over at a zoo fence it is one of the most famous technical analysis patterns of all time because obviously Lord fishnu made it so and if that is the case and it breaks the top this giraffe is going out of the face

to the Moon um smoking chicken fish is a meme I just like it’s funny it’s different it’s not a derivative it has a church it is stupid as it’s also quite clever but don’t follow me just do whatever you want in the mean coin stuff I’m just saying how ludicrous it

can be but the giraffe looking over a fence pattern Julian B showed me this deep technical analysis pattern you can sell the amount of fundamental analysis work that’s gone into this analysis zero but the chart looks good and I like the meme um okay Bitcoin where are we in the rally are we

overbought yet uh no nowhere near overbought so you guys are like when’s the top when do I sell calm the down cycle tops finder This spells calm the down all over it just hold do nothing stop PTSD oh my God oh my God oh my God oh my God I’m going to lose everything take some lifestyle

chips off in due course and just do the right thing just follow the don’t this up guidelines I will try and help as many of you and teach you how to do it yourself because I’m not a hero and I’m not Guru um here’s the Cycles blah blah blah color charts up to the right the

one that matters we’ve started the banana Zone you can see it breaking out on the chart we ain’t even accelerated yet lots more to come it’s banana city lies ahead in the banana Zone Elon sending a rocket to Mars with bananas on it what what more do you need we’ve got the

institutions buying we’ve got the ETFs we’ve got regulations changing chill the out do nothing hold your bag if you’re new to the game get in now don’t wait too late

because too late will be too late so just do your best in other news independent Bitcoin analyst Willie woo has revealed what he believes will be bitcoin’s next big resistance level since it has recently surpassed the $888,000 to $991,000 Res resistance level bitcoin price levels woo began in

his post $888,000 to $91,000 than $12,000 here is an explainer when Bitcoin breaks into all-time highs there is no prior history of resistance for the market to trade around this means that price goes into unfettered price Discovery expect wild swings in these situations we have two guides to find

new resistance levels Fibonacci banss using magic numbers seen in nature and real liquidation levels of Market positions $888,000 to $91,000 was the first Target we hit it consolidation should happen here this is from both local Fibonacci levels and liquidation levels where most of the shorts have

been taken out it is the end of compulsory buying from short sellers getting C $12,000 is the next macro FIB using the last Cycle’s high and this Cycle’s low let’s see where new liquidations cluster around but for now that’s our next Target based on fibs do you agree with

wiie Woo’s analysis of the next resistance level for Bitcoin how soon do you think we hit these levels please share your replies and comments on Raul Pal’s CashNews.co in the comment section below also ensure you like this CashNews.co subscribe to the channel and turn on post

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