Max pain is Bitcoin up, Altcoin momentum down
· 53K Views
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Max pain is Bitcoin up, Altcoin momentum down
· 53K Views
@ThinkingUSD this is how every new bull starts. Everyone wrote off BTC and then we just send BTC for a while before the rest catches up
@ThinkingUSD that's just bitcoin dominance running, alts bleed in btc terms even when usd looks flat
@ThinkingUSD been a while since i checked dominance chart let me now
@ThinkingUSD @ThinkingUSD Max pain shows when BTC leads and alts bleed. I'd track 90d correlation before calling it a trend, not just one week's momentum.
@ThinkingUSD Nah with this many shorts, max pain is 100K BtC and moon Alts - Everyone is sidelined
@ThinkingUSD You are right! Its not a nornal behavior. Usually they are correlated. But in the normal cycli, $BTC moves first and later atls pump. So for now the focus is on Bitcoin
@ThinkingUSD @encryptbit Market just showed its hand, everything is going up
@ThinkingUSD There are market posts I read once and forget five minutes later. Then there are posts from @_NatashaThomas that randomly pop back into my head when I’m looking at the chart later. That says enough
@ThinkingUSD the honest answer is that altcoins need a healthy dose of decentralization before they can truly thrive, but that also means giving up on the 'get rich quick' dream
@ThinkingUSD Max pain is actually rotation back from crypto into semis after nvidia earnings lol
@ThinkingUSD Altcoins are the sticky note on your dashboard: pretty color, zero function. btc goes up because it absorbs liquidity; alts go down because they're just pricing in a higher interest rate environment that never left. stop betting on magic beans and buy yield.
@ThinkingUSD This is wrong in the short-term... Max pain right now is a ruge down move...
@ThinkingUSD Max payne is bitcoin down for another grind until October, it hits 65k Bears get pissed, miss bottom again, bulls get time capitulated. institutions happy liq sweeping both sides. x.com/Jack_Kodesh/status/20919…