Market Update - September 11, 2024

Just before I put together this update, a subscriber messaged me on Twitter asking about an on-chain metric tweeted by a prominent, anonymous influencer.

The tweet was nonsensical and incorrect. I won't reference it here.

Unfortunately, the crypto market is more nuanced than any chart can capture. Especially one posted for free.

Let’s look at the market from several angles. With good observations and analysis, we can better understand what’s going on and what we need to worry (or not worry) about.

Topics for this update:

• Video

• New waves keep comin’

• For those who care about cycles

• Trading charts share hidden secrets

• Altcoin market status

• A word of caution about altcoins

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

The rest of this post is for premium readers only.