September Bullishness: Is It Just Setting Bitcoin Up for a Crash or Up only?

Life is much better when you're simply living in the moment in real life not on the internet and starring at those charts where your brain cell burns every second as the price moves up or down.

I'm not gone anywhere but have stopped using mobile like before, now screen time is much less and the time I spend on internet is usually to find and create opportunities.

Now the recently market is showing good sign of strength but people are getting distracted easily and lured into a trap. I guess this will not end good for many of people actively trading in the market and I'll share my reasons ahead in this blog.

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Bitcoin on its way to make new all time highs in Uptober?

Majority of people believe they're going to witness hell of a bull run in October and calling it is going to be another "uptober" where everything will just go up.

We're in the first half of the September and people have stopped talking about "how bad september" can be for active bull traders.

_{image by Collin Weaver from Pixabay}

My whole thesis for next month and next coming weeks of September is based on "how people are acting right now and their emotions " are going to pay well.

I'd not be surprised if we see "September like crash in October" just because people have hopium that October will be up only month

But in reality September is showing that sign of bullishness.

Not falling into a Bear Trap

I'm literally blocking every person showing up on my feed who's bullish moving closer to "fomc" with rate cuts.

_{image by jacqueline macou from Pixabay}

people are buying assets instead of derisking just before the rate cuts... possibly means two things; first they're so down and don't have anything left to derisk (obvious case) so they're buying doing DCA hence price is moving up

Or it's just another buy the rumour (fomc rate cuts), sell the news - after fomc meeting market should die for once and all to make a bottom.

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One Last Liquidation Cascade before Up Only

As long as we're in september the chances that bulls will be liquidated so badly is still much higher than it was on the first day of this month.

The more the price is rising and coming closer to $60,000 into this range

The more confident I'm that there's another Liquidation event around the corner.

DCA on Alts is Fine

I hope this liquidation cascade I'm expecting happen soon now or tomorrow, before or after fomc it'll happen this month eventually

And my instinct says we're safe investing in Altcoins now because they've fallen from the height as much as Burj khalifa in Dubai

I don't see any reason not to buy VC's coins valued at 591916billion FDV too high

Because eventually in the coming up only days after the US election will be good for "Vc's scam as they'll pump it hardest".

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wrapping up...

In the end don't get too excited seeing the price going higher when it's still september but wait till we're almost at the end of month and than decide whether you're interested in the market or not the right time.

I'd love to know what's your thoughts on this so do share it in the comments.

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_Fin.