It's been a bloody market day, and every coin dumped like crazy. I have been expecting this dump since the beginning of September, as we already know from history that September is a red month every bull run year. It's quite surprising that the dump is happening towards the end of September, but then, better late than never.
On the flip side, I'm happy that is happening. Why? This historically aligns, and one more signal before alt season has ticked, so now we hold, wait, and feast. I say this with absolute uncertainty because I don't know about the market; I'm just making historical analysis.
I think we all can do with an alt season at this point, and if September wasn't bloody, even I would have been concerned. I have stopped analyzing the market or looking for signals since I got sick, and for close to two months now, this is the first time I'm doing so.
A lot of people have either given up or are no longer hopeful, the FUD on alt season is at an all-time low, and this is always the signal the market wants. This cycle resembles 2017, and that's because everything from 2021 is happening but happening slower in this cycle, and the September dump is another signal that historically correlates with every other cycle.
Perhaps I'm being biased in my analysis, perhaps not. My point is that since every signal and historical pattern is aligning, I feel that Q4 is going to be a blast starting from November/December.
While there won't be another 2021 in that there are now dilution and several coins and the market is now spread thin, I believe the market will do its thing even though this will not happen for every single coin or token out there.
80% of alts are still down, and this September dump looks like the end of all the dumps in this bull cycle. My prediction is that the market will explode in November and then go on to peak in January, and that's because of how this cycle is mirroring 2017, where all the pumps happened in December/January.
In reality, I need me an alt season, firstly because my gig hustle is becoming really toxic. The partner in question changes the payment agreement whenever she pleases and keeps demanding extra job hours.
She's extremely becoming greedy and insatiable, and I can smell her inexhaustible craving for more money. I want to be done with the job arrangement in 2 months, but I don't exactly plan to tell her I'm quitting; I plan to quit on the last day I tell her I'm quitting.
When the payment for the jobs is not exactly up to the efforts I put in, I put the money to good use. It's like having water while waiting for the main course. In reality I guess I'm the one who needs the "alt season" the most; I've been at home, sick, for almost two months now, and it's been challenging and tough.