✳️ Decentraland Hit Bottom vs Bitcoin | Looks Great Long-Term

7 ม.ค. 2023

This chart looks so good that I had to stop to share a trade signal before writing this article...
So, what do we have here?

Decentraland (MANABTC) has gone through a massive correction/bear cycle.

MANABTC dropped by 83% from its All-Time High.

Now, altcoins vs tether (ALTSUSDT) pairs tend to correct by 93, 95 and up to 98% from major bullish cycles while the altcoins vs bitcoin (ALTSBTC) pairs are a bit different, they can correct 70, 75, 80 and up to 85%.

Some altcoins vs bitcoin pairs won't be go to 50% in its bear market correction while others move inverse to bitcoin and go bullish while the rest of the market drops.

Just a small detail to keep in mind.

Going back to Decentraland vs bitcoin, the RSI hit its lowest ever and is now starting to reverse.

As a bullish pattern we have a perfect falling wedge and a broken downtrend.

Early signals of the upcoming bottom came in November 2022 with a high volume week.. Afterward the volume continues to drop as the new low is hit.

With sellers exhausted this pair can change trend and start to grow.

Easy/first we will see a 75%+ price jump and hit 0.00003700 btc on the way up.
This will be followed by 230% at around 6880 satoshis or 0.00006880 btc...

We can even try an calculate the next high based on the Fibonacci extension numbers... This is what I see:

534% Possible (chart below)


That's it for Decentraland vs bitcoin... Very low risk, high potential rewards.

Remember to plan if you decide to buy/trade.
What would you do if prices crash?

Hold? For how long will you hold?
Sell at a loss? When would you sell, at which price?

What would you do if things go as planned and MANABTC breaks up?
Will you hold, yes? For how long?

Will you sell? When and how much?

Answering these questions will lead to maximum gains, reduced stress, controlled risk and long-tern success.

Quite simple isn't it?
Come and play this game.

Namaste.

16 ม.ค. 2023

บันทึก

First target hit.

"Easy/first we will see a 75%+ price jump and hit 0.00003700 btc on the way up."