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Volume is ticking up and price action is pivoting. Classic signs of early accumulation.

What if $76.700 was the local bottom? Thats the analysis.

Time to accumulate this GameFi project merging gaming with DeFi, UFO Gaming creates a play-to-earn platform where players own in-game assets and earn rewards.

Altseason is upon us, and now is the time to start dollar-cost averaging into your favorite crypto gems. One of our picks for this altseason is UFO Gaming - best characterized as a GameFi project.🚀 Why?Our altcoin picks are based on the following criteria:High growth potential: Projects with room for exponential gains.Undervalued: Market cap still flying under the radar.Limited CEX listings (for now): Undiscovered gems poised for exposure.Community-driven momentum: A strong, dedicated community pushing adoption.High risk, high reward: A speculative but calculated play.Partnerships and roadmap promises: Indicators of future expansion and relevance.Potential for major exchange listings: A game-changer that could drive price action.Circulating Supply Ratio: A circulating supply close to 100%, indicating robust tokenomics and minimizing dilution risk.🌊 Prerequisites for Thrill and Euphoria For low-cap altcoins to thrive, specific market conditions need to align. Here's what we're assuming: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.💬 What is your top picks for this altseason?This is not financial advice. Always do your own research before investing.

This looks like Wyckoff distribution, and the fact that no one is talking about it makes me believe it more!Resistance held so Wyckoff distribution is still in play. And still no one is talking about this.

For Bitcoin its not a perfect inverted cup and handle. But since the SPX is drawing a much nicer C & H, and BTC price is correlating alot, this could become the reality.Target to the downside is at $5600, something I do believe is not that likely.Now that we are plummeting is the inverted cup & handle back in playI see inversed cup and handle all over the place(BTC, ETH, TOTAL, TOTAL2, TOTAL3), and for some charts it looks like its confirming and breaking down (BTC, TOTAL3). Is this the start of the last leg down?

The Ethereum merge is only days away, around 15 September 2022, meaning ETH will transition from Proof-of-Work to Proof-of-Stake.The good:- should increase security through decentralizing, provided a broader pool of validators- energy consumption will be reduced by over 99%- such a big and important transition will strengthen the confidence in crypto as a wholeThe bad:- could actually reduce security and cause further centralization because there are a few large players involved in staking- could be easier for governments around the world to control Ethereum at the protocol level because they can impose rules and regulations on these big entities staking ETH (possibly censoring transactions as a result)What not to expect yet:- is not going to reduce gas fees- transaction speed will remain relatively the same- won't do a lot to reduce network congestion- staked eth2 will still not be able to unlockThe ETH merge could provide an immediate relief rally. And after that we probably will see the result of "Buy the rumor and sell the news".The good:- reduction in inflation rate, from 4.13% to 0.49%Source: ethereum.org/en/upgrades/merge/issuance/If we assume that the bottom is in by end of 2023. What will the price outlook be for 2023?

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:

"Extreme contrast analysis - Think of the best case scenario, worst case scenario, and then think deeply into what you do next, manage your risk" - Crypto Capital VentureIt is interesting to see how well the 2017 bull run was similar to the 2021 bull run in time. And how important 1400 days (almost 4 years) have been.Do we draw based on previous periods:- Red area, October 2022 - December 2022: The period we should reach the bottom.- Yellow area, September 2024 - March 2025: The period we should be back to the previous all time high.- Green area, September 2025 - December 2025: New all time high.In the short term I believe we will get a relief bounce. In the medium term we will be dragged down by the global markets again to form a new bottom or confirm the previous local bottom before we start the journey to a new all time high in end of 2025.

In earlier cycles entering below the 200 weekly moving average (blue line) and staying above the 300 weekly moving average has been great accumulation zones. If we extend trendline between accumulation bottom 1 and 2 we end up with a log scale channel that corresponds with the same area.