all three picks are doing great today

i still don't have a position cause idw to long at resistance

still watching

similar thoughts

i’ll stab a long if monday range is reclaimed

https://x.com/capttoblerone/status/1818316459690610985?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

FOMC marks the bottom?

also, mumu below 200m might be a steal

once the market stabilizes or resumes movement i think it legs up to 500m and above

sooo you can now create a meme using twitter

https://x.com/makenowmeme/status/1818564678815302148

meme dilution continues to increase as ease of launching increases

new launches continues to lose its shine

the play is to bid strong communities and hold because it all flows back to established leaders

push it further and memes as a whole will peak

i’ll go back to trading quality high float low fdv

guess you could say i’m a little more wary rn but we still have some good months left

everything that should be launched has already been launched, barring news based memes ie fight, ear, fist, etc

whatever is still standing w communities are your fighters

the only other case not included are cabal ctos or launches ie billy, walter, neiro, etc that has yet to happen

hate to say this but lower your targets (there will always be exceptions when the market converges)

nothing changes in the short term portfolio and position wise

just something to keep in mind

especially so for myself

let’s adapt to new info and market behaviour as it comes in the coming months

QCP: BTC has failed to break above the 70k for the 6th time. We maintain our view that BTC will continue to trade within a range. ETH longs are preferred as ETHE outflows subside over the next 2 weeks and ETH catches up to BTC. We target a break of 4000 which is the 2024 high. We anticipate increased volatility ahead of tonight's FOMC. — link

Ok

So bullish into late-August ish. Chop abit til mid-September where you have a liquidity drain for tax filings, debt repayments and quarter-end shenanigans.

October - business as usual, more Tbills, uponly

Solana is leading the pack with the highest increases in number of new monthly DeFi users — link

FOMC in 50 minutes:

> Fed is expected to leave interest rates unchanged.
> Market fully priced in for Sept cut with 100% probability.
> Market looking for lines like “further progress in inflation" or "gained some additional / greater confidence that inflation is moving to 2% target" in FOMC statement or Powell's press conference for a potential rate cut in Sept. confirmation/greater confidence

FED LEAVES RATES UNCHANGED AT 5.25-5.5%

FOMC statement

https://www.cnbc.com/2024/07/31/fed-rate-decision-july-2024.html?