TrueFi | No Accumulation Before Bullish Wave? Bitcoin Dynamics
We saw projects such as Solana and Bitcoin, Tron as well, that moved to hit new All-Time Highs, or very close to their November 2021 peak price. These projects and their trading pairs would need to undergo a correction followed by consolidation before producing a new, big, major bullish wave; that's the reasoning we've been following lately.
Here we have TrueFi in its Tether pairing, TRUUSDT, and we expect no such consolidation, why?
The bullish wave in late 2023, ending in early 2024, was much smaller compared to Bitcoin, Solana and Tron. While these move to hit new ATH, TRUUSDT and others Altcoins that are good now, only produce the "initial breakout." This wave hit as high as the price at which the pair traded back in April 2022. So it is a small wave in comparison. Since it is a small wave, it requires a small correction. Since it is a small wave, it requires a small consolidation phase before the next move. All the action happening now can be considered part of a long-term accumulation.
On the other hard, a super strong wave would require a super strong correction.
A super strong wave would require a strong consolidation phase before another super strong b-wave can develop.
Think back to mid-, late 2023. Bitcoin had to consolidate (accumulation phase) for 7 months (220+ days) before it was able to move from ~26,000 to 74,000. In order for Bitcoin to move to new highs, it would need to produce a strong and long consolidation phase.
Right now it is going through a distribution phase. It is like accumulation but in reverse, it is loading and gaining force in order to break-down a strong support.
That's why TrueFi looks good now for accumulation in expectation of long-term growth. It is not that it will move within days or weeks, but rather we can buy and wait for months to later enjoy massive growth with a great entry.
If it drops, buy more.
If it drops more, buy some more.
Then wait... Wait, patience; hold.
Then it starts to move up again...
Still, nothing great.
Then it speeds up, you are now full in the green; months pass by this time.
Then things start to look great.
The market undergo fluctuations, panics, corrections, swings; but you are fine because you bought the year prior at low prices and thus everything looks great.
When euphoria hits the market and people start talking about Bitcoin 500K, prepare because that is likely the end.
I will be here though pointing it all out, and you can use this information in the best way you can.
Thank you for reading.
Namaste.
Here we have TrueFi in its Tether pairing, TRUUSDT, and we expect no such consolidation, why?
The bullish wave in late 2023, ending in early 2024, was much smaller compared to Bitcoin, Solana and Tron. While these move to hit new ATH, TRUUSDT and others Altcoins that are good now, only produce the "initial breakout." This wave hit as high as the price at which the pair traded back in April 2022. So it is a small wave in comparison. Since it is a small wave, it requires a small correction. Since it is a small wave, it requires a small consolidation phase before the next move. All the action happening now can be considered part of a long-term accumulation.
On the other hard, a super strong wave would require a super strong correction.
A super strong wave would require a strong consolidation phase before another super strong b-wave can develop.
Think back to mid-, late 2023. Bitcoin had to consolidate (accumulation phase) for 7 months (220+ days) before it was able to move from ~26,000 to 74,000. In order for Bitcoin to move to new highs, it would need to produce a strong and long consolidation phase.
Right now it is going through a distribution phase. It is like accumulation but in reverse, it is loading and gaining force in order to break-down a strong support.
That's why TrueFi looks good now for accumulation in expectation of long-term growth. It is not that it will move within days or weeks, but rather we can buy and wait for months to later enjoy massive growth with a great entry.
If it drops, buy more.
If it drops more, buy some more.
Then wait... Wait, patience; hold.
Then it starts to move up again...
Still, nothing great.
Then it speeds up, you are now full in the green; months pass by this time.
Then things start to look great.
The market undergo fluctuations, panics, corrections, swings; but you are fine because you bought the year prior at low prices and thus everything looks great.
When euphoria hits the market and people start talking about Bitcoin 500K, prepare because that is likely the end.
I will be here though pointing it all out, and you can use this information in the best way you can.
Thank you for reading.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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