ATTENTIONš„
THE PMI DATA HAS BEEN RELEASED AND THERE IS A VERY IMPORTANT RELATIONSHIP WITH #CRYPTOCURRENCIES
What will be the point at which ALTCOINS will start to soar and WHEN will we have this KEY informationāļø
-The manufacturing PMI rose from 52 to 52.2, while it was expected to drop to 51.9
-The services PMI rose from 54.2 to 55.2, while it was expected to drop to 53.5
āŖļøThis means that the U.S. economy remains stronger than the market expected, as both manufacturing and services activity accelerated.
āŖļøTwo POSITIVE data points for the FINANCIAL MARKETS.
šBut there is one KEY data point for ALTCOINS
ā«ļøEVERY TIME the manufacturing PMI measured by ISM (Institute for Supply Management) exceeded 52 points, we had an #ALTCOINSEASON.
ā«ļøCurrently, it is at 49.1... Throughout the year it was below 50...
-In the altseason of 2016-2017, when it exceeded 52 points, the market capitalization of ALTCOINS SOARED by 368,000%.
-In the altseason of 2020-2021, when it exceeded 52 points, the market capitalization of ALTCOINS SOARED by 1870%.
šThe graph shows the line of 50 points, but it is more accurate to measure it from 52.
šThe next ISM PMI data will be known on November 3. KEY for altcoins to rise.
šAnd with the RATE CUTS and the END of QT, it is very likely that this will be the case.