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Trump just made a few comments earlier and now the markets are starting to bounce regardless, bidding the hottest memecoin we've had all year (i.e. $USELESS) after it nuked 25% in a day seems like a no-brainer to me a few things i pay attention to when dealing with situations like this: 1. overall macro - believe it or not, $BTC is down less than 20% from ATHs if you account for last Friday's brutal liquidation wick. 20 - 30% dips on BTC are common during bull runs, and altcoins dip harder whenever these happen - rate cuts are happening, and an emerging body of data is pointing to the fact that the FED might end QT soon - Trump has made it UNAMBIGUOUSLY CLEAR that he is willing to do anything to ensure the markets keep pumping, and i think this will be the situation of things for the foreseeable future - many have pointed to the aggressive rallying of gold as a sign of worry, but throughout this cycle we've repeatedly seen how gold pumps aggressively first, everyone dunks on BTC as being a bad store of value because it is stagnant or dumping while gold pumps, gold cools down, then BTC and crypto follows it shortly but more aggressively. i do not think this time is different - if anything, i feel i might not have been bullish enough $BTC... and i'm now raising my BTC price target for this cycle. my original target was $150k, but now i expect much higher! i mean, gold is currently at $30 trillion and has literally added about $15 trillion to its market cap in about a year, so i think we can afford to dream a bit more for BTC and crypto. BTC at $200k will put its market cap at $4 trillion. i think that's achievable! 2. individual altcoin/memecoin bags e.g. $USELESS the crazy volatility obviously can be frustrating for many, but i'm unbothered for a few reasons: - i have key cycle targets (i.e. billions), and i'm unbothered by short-term price action leading to that. if a few short term trades appear due to crazy volatility, i will take them. only time i would be worried is if i think cycle has topped, and i do not think it has! - $USELESS is obviously acting as the leading memecoin indicator now: we've had FARTCOIN, WIF, etc, fill these roles in recent times. these memecoins tend to have crazy volatility to both extremes. the aggressive pumps tend to stand out more, but in reality it is the same on the way down. traders love this, and it results in more volume, better distribution, and consistently good entries for new holders. these memecoins also tend to rip aggressively to billions once market starts behaving. TLDR: bullish! - every important metric i pay attention to during periods like this is flashing bullish: USELESS made a new holders ATH today, smart money and whales continue to load up aggressively, USELESS just became #2 most traded memecoin on Coinbase for the first time ever, volume looks strong on CEXs and other outlets, etc - what makes the above even more interesting is that other major memecoins are doing the opposite during this flush i.e. they are losing holders while USELESS gains new holders, their volume relative to market cap is stalling or not much different. to be clear, this is not a bad thing: memecoins tend to lose holders during flushes then gain them back and more once things stabilize i.e. flight to safety. USELESS doing the opposite is just a sign of its incredibly crazy strength! - TLDR: USELESS isn't just outperforming when it comes to key metrics, it is doing this while other major memecoins are doing the opposite - dips are getting bidded aggressively at the slightest sign of relief in the markets USELESS is basically experiencing aggressive accumulation during this flush, even though a lot of other majors are bleeding based on the above, i can conclude the following: - cycle top is NOT in yet - USELESS continues to lead on every metric that matters based on all of the above data, i still maintain my bullish bias for Q4 i also think we're going to be seeing new $USELESS ATHs sooner than many would expect