When it comes to multi-month trends in crypto, many crypto users are habitually shortsighted and unaware of a building trend eruption - to the upside and downside. This week, we'll share the unfolding trend direction for several projects ranked in the Top 15 market cap.
Boom! Boom! Boom! No one heard it. Saw it. Or expected it.
A cluster of 4.8 magnitude earthquakes triggered one of the largest volcanic eruptions off the coast of New Zealand on July 18, 2012.
Scientists initially were unaware the eruption had occurred.
One reason being the volcano was underwater.
Another reason is that volcanologists were unaware the Havre Seamount was an active submarine volcano.
It wasn't until a massive floating rock platform was sighted weeks later, on July 31st, that the experts realized they nearly missed the largest underwater volcano eruption ever detected.
Lesson - No one saw the build up to the eruption. No one even witnessed the eruption when it happened. But everyone saw the aftermath of the eruption, and only then were studies initiated to track what happened, after the fact.
When it comes to big, multi-month and multi-year trends in crypto, many crypto users are habitually shortsighted and unaware of a building trend eruption - to the upside and downside.
It's only after the eruption becomes visible or near the end of its explosive release that the FOMO crowds panic buy in.
We've seen this play out so many times that a sixth sense is now built into our collective intuition when market psychology is at an extreme.
And we use data to guide what we observe, as the crypto market is emotional, analytical, and irrational on any given day.
This week, we'll share the unfolding trend direction for several projects ranked in the Top 15 market cap.
The projects we'll look at are - Bitcoin (BTC), Ethereum (ETH) , Solana (SOL), Terra (LUNA), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT) , Ripple (XRP), and Dogecoin (DOGE).
Unlike the marine researchers, we prefer to be the crypto-scientists who expect and see the early rumblings of an explosive event – to the upside and down.
Bitcoin + Alt Coin Trends
Week 16 of 52
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