ATTENTION🔥
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 information⁉️
-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
▪️This means that the U.S. economy remains stronger than the market expected, as both manufacturing and services activity accelerated.
▪️Two POSITIVE data points for the FINANCIAL MARKETS.
👉But there is one KEY data point for ALTCOINS
▫️EVERY TIME the manufacturing PMI measured by ISM (Institute for Supply Management) exceeded 52 points, we had an #ALTCOINSEASON.
▫️Currently, 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%.
📍The graph shows the line of 50 points, but it is more accurate to measure it from 52.
📍The next ISM PMI data will be known on November 3. KEY for altcoins to rise.
📍And with the RATE CUTS and the END of QT, it is very likely that this will be the case.
