🫵 Real Talk: September 2024 is the Most Important Month of This Cycle

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GM, welcome to September.

Statistically speaking, it’s kind of hard to expect Bitcoin to present us with green dildo action during the first month of Q4. We’re running the survival mode at the moment. Considering the strength in TradFi and indexes, it’s hard to even imagine the cycle would end right here, at this phase. 

Is Cobie right about this phase being a mere echo bubble, similar to 2019? It’s true that we did not even have a significant uptick in newcomer participants. You can easily spot this by looking at crypto channel statistics on YouTube - we’re nowhere near last cycle’s highs. 

Then, of course, you got some spicy bear porn to consider, especially coming into this month’s FOMC and the glorious rate cuts. Historically speaking, there’s undoubtedly some turmoil to be expected around the first cut. 

Nevertheless, with global liquidity still on the rise and at the moment actually breaking out after a 6-month long stall, it’s hard to imagine us nuking into a full-blown bear market right here, right now.

None of the bull market top indicators checked out, did they? Anyways, please let us know in the comments; situations like these are pretty rare.

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Mog/WETH Uniswap 4H

Mog is showing some strength on the 4H RSI - we have a trendline deviation, but it’s been reclaimed once before.

Tight invalidation on this if the trade is wrong - I want to cut on a lower low daily close. We are still on high timeframe support for now. The next level down is about 30% lower.

Come learn more on today’s TA stream!

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Ehtervista, the Ethereum savior? 

Meal Deal subscribers score again, with Grantmaster absolutely nailing the brand new Ethereum horse: Ethervista.

Ethervista is launching a new project on Ethereum with the $VISTA token, aiming to provide a secure and customizable platform for token launches. Plus: priceless Curve vibes. 

The project includes a 5-day liquidity lock to prevent rug pulls, charges fees in ETH, and offers advanced DeFi features like lending and futures. 

$VISTA is a deflationary token with a capped supply of 1 million, designed to increase in value over time. While early liquidity unlocks could trigger a sell-off, the project shows potential for long-term growth, potentially saving the Ethereum scene (yes it needs saving). 

Since Ethervista is basically the Pump.fun for Ethereum, you can expect a plethora of new launches, like the Vista Dog, which is already running.

Lastly, be careful today; the pump was already massive, so I personally hope for a pullback before jumping in.

The important bits.

• Wormhole (Interoperability) - Announces Wormhole Sigma

• Swell (LST, LRT) - Announce TGE for September

• Movement (L1) - Announces integration of pxETH by Dinero

• GenLayer (AI Layer) - Explains what is on-chain intelligence

• Soneium (L2) - Sony rolls out the Soneium Minato public testnet

• Near (L1) - Partners with Oraichain

• Uniswap (DEX) - Partners with Across protocol

• Camelot (DEX) - Introduces Camelot as the Orbital Liquidity Network

Even more important bits

• Crypto ownership correlated with higher psychopathic traits: Research

• ₿itcoin’s NVT golden cross is struggling: What's in store next?

• Web3 games help power $66,980 donation drive for kids

• Judge sides with Musk, Tesla in Dogecoin ‘pyramid scheme’ suit

Life gets busy so here’s what you’ve missed.

DeFi: Remembering Why Decentralized Finance Matters

Podcast

Founder Series brings Nick from Unstoppable as he shares the company's journey in creating a decentralized alternative to centralized exchanges.

The conversation covers Unstoppable’s dedication to self-custody, decentralization, and user safety, highlighting features like advanced order types, margin trading, and a secure, user-friendly mobile app.

Tune in on YouTube → 

To save you doom scrolling.

Hits deep bro…

On days like these, I can’t emphasize this enough: stay safe, homies.

stay safe homies,

Hix0n 🫡