Crypto's 6th Inning (March 2024)
Posted March 04, 2024
Ari Paul is right.
We’re entering the fifth inning of the crypto bull market.
“This stage,” says Paul, “is marked by a frequently ‘overextended’ market with elevated funding rates.”
The tension between the general bullish currents, and the overextension, creates more volatility and sharper retracements.
THIS is what pulls retail in.
It’s when the bull market begins to feel tangible.
The 6th Inning
Then, the sixth inning is FOMO stage.
More retail investors hear stories of massive gains.
Euphoria sets in. Many lesser-known altcoins go on hype-fueled runs.
People start reaching for the levers.
Make no mistake…
Bitcoin/Ethereum are good buys here.
BUT
Not as good as they were months ago.
Paul brings up another important point: “You could argue that some altcoins are better buys than they were 3 months ago .”
Some of these altcoins haven’t yet caught up to the rest of the market.
At the moment…
Bullishness is warranted.
BUT only if you know where we’re headed.
And ONLY if you know what’s going to be bullish in both 2the short- and long-term.