market update & solana meme
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we had a "grey swan" event due to a policy error from bank of japan.
they have swiftly corrected it and hence we saw a violent reversal.
nothing has changed in terms of action from our last update
for long term folks this remains a great opportunity to accumulate.
BTC SOL continues to be asset of choice to accumulate lower levels.
this entire reversal has further cemented SOL and its ecosystem with massive potential.
SOl/ETH also made a new high further strengthen the trend.
looking ahead, typically what tends to happen is after a sharp reversal theres some pullback to retest the lows and then you get the uptrend.
like a W formation in the charts.
now theres very little advantage to defying conventional wisdom.
but I am of the view that we get V shape recovery.
now these are not some bold predictions, they merely told so some of you can position accordingly or dont miss the rally all together waiting for deep pullback.
also this is not to say there wont be any pullback at all. its more on the lines of pullback could be shallow denying entry to majority of the sidelined participants.
at the end of the day the big picture is, CYCLE is not over so it wouldnt really matter if we get a W or V.
whenever we go past the BTC ATH again is when we get into the blow off phase of the cycle.
MEMES
Our old fav continue be the cycle picks. no change.
heres the new play
unlike others this one hardly has any price momentum behind it but I am liking it never the less.
THESIS
one of the most iconic and culture meme of crypto has been pepe the frog.
till now Solana dint have a good frog meme but I feel this could be the one.
the artwork and content is really good too.
its a community takeover meme and although really small it has gotten the attention of the biggies.
PEPE is great meme and is set to get into the 10b+ category this cycle.
when that happens FWOG likely to be a natural winner too.
as always memes are high risk. so play it accordingly.
see you in the next one.