Can you feel it? The heat and energy is back in alts

G’day everyone, welcome to today’s rapid fire. I really like what I’m seeing in the markets, the monthly, the weekly, the daily. They are all aligning for us to be building towards in October, November, December. That is one to remember. So the bull market vibes are definitely here. There’s a lot of energy, there’s a lot of buoyancy, especially in altcoins right now.

But we do have to remain sober that we are still in a macro lower high. I guess in the shorter term we’ve created our first  higher high. But broadly I think there’s still going to be some shenanigans between, you know, now and the election.  Potentially up to two scenarios here that are very visible in my mind.

Whether we run up to 70 and then back to 65. Or we do a bit of a retracement now and go back into the 60. Look, it just looks constructive to me. The weekly is closed really responsibly above the the 20 and the 10 EMA. The monthly still is above that 10 EMA. Everything looks ethically poised, again, for us to have that bull market that everyone wants.

Let’s crack straight into some items that I just want to share quickly. And then I’m going to go into some charts I just love the look of right now that you guys can maybe sink your teeth into. the site.  16 billion dollars worth of distributed distributions from the FTX bankruptcy will start happening tomorrow.

Now I want to be very clear, that does not mean that all of that is going to re enter crypto, but some of it will. So there’s a lot of hoping going on here that we’re going to see over the next three months. All of the FTX capital will be to altcoins and bitcoin. And that money, even if it’s a fraction of that, is going to make, you know, some cryptos absolutely fly.

So there is liquidity. We’ve also seen that the stablecoin market cap is at an all time high, and that just continues.  So there is capital waiting on the sidelines to come back in. I won’t go up to the monthly and the weekly to show you what I’ve just described, but this is what I was meaning before, guys, when I say the lower highs, so the macro lower highs are still in play here.

So we just have to be a little bit careful. While this does look really constructive in terms of the higher low and higher high in the shorter term sense in this area of this, you know, five month plus consolidation, looks again, incredibly positive. And we’ve closed back above the 200 and the 10. We need to hold here and that is absolutely imperative.

So like most of the old coin charts, we’re having an impulse, the staircase up, higher, well, higher, higher, just a little impulse, higher, low, higher, high, higher, low. So this beautiful staircase is happening here. What we want to be seeing here is this first stair being put in here as we fall back to that 10, the volume support, also the 20 the 200.

So, we do want to see this, you know, sort of lose this level here and just fall through because that’s when we can really move back to 60. Now, maybe coming to this area here, I don’t think that’s bad at all. I think that’s actually, you know, probably going to be quite positive for a larger move. But here, you know, you can definitely see this kind of action happening and then we can maybe come back if there’s some little skull diary upping at the end of the month.

Look, these are all we see here that the Stoke RSI is really mature, that’s starting to roll over. The RSI is looking like it wants to roll over too, almost in line with price. So it does sort of point to be a shorter term pullback is on the cards. But again, the, the trend, the path of where we’re going, it’s super, super obvious.

And altcoins again, are showing that additional bullishness and buoyancy in the market.  Just want to quickly touch on as well, guys, again, read my newsletter a few weeks back. I had the threes that I’m really looking for, which was. BTC dominance, so these are the old coins that really run. Bitcoin dominance needs to break down.

Right now it’s looking rather wet. I want it to come, you know, to these sort of areas. USDT dominance, so the stablecoins the market capital in stablecoins are the USDT at least, not the others, the USDC and others. But this is setting up for potentially a run back into resistance and then rolling over.

So that would mean that USD E is then moving back out into the market.  We, to see if it goes into altcoins though, we do want to see that the total three market cap.  is actually continuing now this chart looks  phenomenal you can see the breakout here of the total three it’s now above the 300 day moving average also it’s into that point of control again i want to see for optimum you know platforming to move higher into that much larger uptrend i want to see it sort of base along here and then rip higher and this would be you know all points going off a string giving you that bull market that everyone  wants now let’s have a look that i’m look at a few cryptos i’m hyper focused on the main coins now, PopCat hasn’t really done a massive, you know, move in the short term, it’s actually had a bit of a consolidation.

But it did have one of the first moves into, I guess, the all time high region, and it did make a new all time high. Now, this is very logical that we’re seeing, once we’re, you know, closed above that all time high, we see a bit of liquidity grabbing and it moving back down. Chopping out a lot of those, you know, last minute longers that just think, okay, this is going to You know double and triple  From here, we didn’t quite see that really strong conclusive close with a lot of volume coming in here We saw the volume actually started to leave PopCap up in these regions and Sellers started to take over So this is kind of good though that we’ve seen was pulled back to the 10 EMA We don’t want to lose this structure because this right now is just like the staircase up all time high come back Reload before we now, you know, base and go through here.

But broadly, I think PopCat is one of the, or will be one of the, the major performers over this next short to mid term. But I do want to see some more data closers above, you know, in these levels. See these wicks starting to come through? I don’t necessarily like that. This could really curl over here, create a lower high, and then roll back down to this support level.

So, just want to maybe be careful there, if we see maybe this structure get taken out at about 90 cents, 91 cents, that kind of region. Solana is the likely type out of, let’s say, the big boys, the top, the top three.  I’m just a bit cautious here of, you know, buying anything right here it has closed back above the 200 day moving average, which is fantastic, and it’s back above this downtrend line, but for ultimate risk reward, in terms of keeping your risk small and giving you maximum reward it is actually waiting for this overhead resistance to be, you know, reconquered.

This yellow line that I’ve just drawn here needs to get above, and base above this breaker. You see how important it is? Bang, bang, you know and now we’re underneath it. So you flip that and you see over here it was used as the lid as well because this whole move or the breakdown. Get above that, Solana’s then going probably to 200 plus over the short to midterm.

Watching that. Also if you’re looking for the relative strength on you know how do you gauge when something is  probably going to outperform Bitcoin and likely in the USD sense.  He’s watching the BTC pairs, so I’m looking at all of them and Solana just poking its head above the 200 day moving average against Bitcoin.

That’s what I like to see, you know, follow the purple lines that I’ve just drawn here, I want it above the volume, I want it to be basing, you know, a few daily candles above that level, and then I think she’s off. And then that’s when the USD pair should really skip. Now we’ve been huge on Sui of late, we’ve loved it.

There is a little bit of a warning sign here under the all time high in support. I mean, there’s a lot of strength coming through, but we’re seeing the RSI, the momentum start to wane there while the price is climbing higher. This kind of looks like a bit of a liquidity crab, you know, to the upside where we have the rollover now.

Momentum continues. On the flip side of that, you know, this trend is so strong that this could very well just be pulling back to 70 on the RSI on the daily before, you know, blitzing through that all time high, that 2 region. So I can see both arguments there. I think if you’ve got a shorter term mindset, you’re going to be in trouble.

But if you have that mid to longer term, where you see the path, you see the massive trend on the, the weekly, the monthly, and even on the daily, it’s just going to go higher, but none of these are just going to go straight up, they aren’t going to have pit stops, they’re going to create that staircase up, those high lows and higher highs, they take time to develop.

And,  I guess we just need to remember as well, if you’ve got a portfolio of a broad mix of different cryptos, some are going to run when others don’t, and then that dynamic will be flipped. So some niches run, and others do, technically, you know, liquidity and capital flows between different things and then  Now, speaking of SUI, we put Cetus in our newsletter  last week.

It’s one of our high cap just something you need to watch on in your portfolio as a ecosystem play on SUI. I think it’s about a 40 million market gap, which is nothing sort of similar to drift, just a bit higher now, but since we mentioned it’s up about 53%, so it was under that This, I did the head horizontally when I was watching, and once it ripped above, hadn’t I let it go off and was like, bye.

It has just absolutely ripped. So that’s fantastic. That’s sort of paid off. But again, I just want to highlight if you’re looking at  Ecosystem place, Solana, looking at the ecosystem there. Solana’s running, you get interested in those ecosystem plays again, or adding to those positions if they’re showing strength.

Sui, shows massive strength. Cetus, absolutely ripped, and it’s such a low market cap, and if it’s being used and you see a lot of fundamental value in it. Kind of makes a ton of sense. So Cetus here has probably got a long way to go, but I’d be just looking for dips here. Probably whether the purple line’s coming I would say maybe back down to that 14.

5 cents something around that region.  But it is very, very close to a long time high, and again, you have to just look at the broader trend and not get shaken out in that shorter term sense. STX is looking really good shaping up. A lot of these cryptos are forming that high, high, high, low trend, and that is something you need to pay attention to.

See here, high, high, high, high, or even just through here,  this beautiful high, low, high, low, high, low, and it’s consolidating under a serious resistance point, which is the 200. That’s bullish in my mind, and even if it falls down to here, that is still perfectly retesting the resistance flip support lid on this entire area.

So FET looks really, really nice. Like I said, Stacks looks really nice. Something else we have been following in the newsletter as well in our top 10 is Beam. I think Beam is going to be a huge performer in this bull market based on that gaming narrative. But you can just see here, this really nice setup.

So, run into that downturn resistance, come back, create that higher load, then we hit the brake, we’ve got a higher high through this region here. Now it is sort of retesting this block of volume here, and I want to see it base and support through here. And then once it does, it’s going to rip through that 200 and create a sort of a very conclusive higher high through this region.

So yeah, there’s a lot of strength in this market. A lot of these altcoins and the meme coins just look so, so strong right now. But they’re all going to have pullbacks because if this is a sustainable move They are gonna have to have a bit of a pit stop. Now Pepe is one of the best, like Whiff is another one.

You see, Pepe has reclaimed this, for now, this level that it sort of broke down from up here. So if you pull it through here and have Conviction, congratulations, fantastic. See all the news, like the buy levels were really, really strong and important there. But this pullback, up here, then down, again, this is trying to form that.

I wouldn’t be surprised if they dip below just to, sort of, wipe out some stock losses underneath. Again, this is why you’re looking at the mid term and the longer term, because the shorter term stuff, if you have your stop losses and all that, you can get shaken out of a lot of your positions, so you just have to be careful.

So broadly guys, really, really like where the market is positioned, where it’s going, be patient. I think this is just beginning to  show us that the bull market is about to begin. So a few things need to obviously go our way, but it’s, it’s, there’s a lot less, I guess, resistance broadly. for us to move into that seasonal October, November, December, and then, you know, 2025 that we’re all expecting.

So, have a wonderful day. Also, big congratulations and a big thanks to all the callers that I had through September.  Those one on one calls, I loved them, they were fantastic. I hope you guys got a lot out of it. I think we also, you know, we’re going to be From one of those calls, we’ve got a mastermind upgrade.

We also got quantum profits, a subscriber, and also a potential fund investor. So they were really productive calls. So thank you everyone who joined me on them. We’ll definitely try and do them again at some point. Have a wonderful day. See you later. Bye.