Technical analysis by arcone about Symbol BTC: Buy recommendation (8/30/2022)

arcone

So, it seems that we are on track with the 4-year cycle, with our target to at least 150k, and entering the next phase: thrill, euphoria and altseason. Of course, it’s not “up only” from here, and we do have specific market conditions that must align for this scenario to play out:Bitcoin follows the 4-year cycle: Maintaining historical trends of market phases. We remain in a crypto bull market: A rising tide lifts all boats.Altseason begins: A period of intense growth and volatility for altcoins.Retail money floods in: Increasing mainstream interest and participation.Global markets are "healthy-ish": No major economic black swans.Monetary policy shifts to QE (quantitative easing): A return to liquidity-friendly environments.🌊 Our high risk altcoin picks for this altseason #1 Glacier Network - best characterized as a Infrastructure, Smart Contract Platform and Layer 2 project. #2 Karlsen Network - best characterized as a Smart Contract Platform, Layer 1 and Proof of Work project. #3 Guacamole - best characterized as a Meme and DeFi project. #4 Picasso Network - best characterized as a Smart Contract Platform, Layer 1 and Bridge Governance Token project. #5 Three protocol - best characterized as a Smart Contract Platform and Payment Solution project. #6 Octavia - best characterized as a Artificial Intelligence and AI Agent project. #7 ZeroLend - best characterized as a DeFi, Governance and Lending/Borrowing Protocols project. #8 LightLink - best characterized as a Infrastructure, Smart Contract Platform and Layer 2 project. #9 enqAI - best characterized as an Artificial Intelligence project. #10 AIT Protocol - best characterized as a Artificial Intelligence project. #11 Juno Network - best characterized as a Smart Contract Platform and Juno Ecosystem project. … to be continued so remember to follow!💬 What is your top picks for this altseason?This is not financial advice. Always do your own research before investing.Altcoin pick #12: UFO Gaming - best characterized as a GameFi project.Altcoin pick #13: AgentLayer - best characterized as an Artificial Intelligence and AI Agents project.Altcoin pick #14: Blendr Network - best characterized as an Artificial Intelligence and DePIN project.Altcoin pick #15: HyperGPT - best characterized as an Artificial Intelligence and AI Agents project.Altcoin pick #16: Synternet - best characterized as a Smart Contract Platform, Layer 1 and DePIN project.Altcoin pick #17: Myria - best characterized as a Gaming Platform and Layer 2 project.Altcoin pick #18 Kujira - best characterized as a Smart Contract Platform and DeFi project.Altcoin pick #19 Parcl - best characterized as a Real World Assets (RWA) project.Bullish divergance on Altcoins: