Flow BTC | Top vs Bottom (Buy & Hold!)

7 ก.ย.

Let's consider a very simple dynamic for this trade-idea; TOP vs BOTTOM.

TOP: We have a high in March 2021. After this date, each time FLOWBTC moves up it produces are lower high. The end result after several months is a rounded top. This pattern predicts a bearish wave in the making.

BOTTOM: We have a low in July 2024. This is not necessarily the bottom but can be. If this is the bottom, we would see higher lows starting to form, so far this is true. The higher lows can produce a reversal pattern. The reversal pattern predicts a bullish wave in the making.

➖ The bearish cycle lasted 1,218 days. From March 2021 through July 2024.
➖ The bullish cycle can be a long one in order to balance out the bearish one.

We don't know how high nor for how long FLOWBTC will grow, but we know that it will move up. Knowing this, we buy and hold.

Namaste.