DYDX - Interesting Cycles!

2024年7月3日

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

I find the DYDX chart interesting.

For those who have been following me for a while, you know that I like to study previous price action.

If you want to win a war, you need to study previous wars.

I can't help but notice a repetitive time pattern on DYDX.

In June 2022, DYDX bottomed around the $1 round number and started a bullish cycle that almost ended around March.

The same thing happened in June 2023, bottoming around the $1 round number and topping out around March.

Is history going to repeat itself?

If yes, then we are already around the end of this bearish cycle and will be looking for any bullish confirmation around the $1 round number to buy DYDX and hold it until around March 2025.

Let me know your thoughts. Do you think it is simply a coincidence, or is there a reason why DYDX starts to go up every June/July?

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

2024年7月15日

交易進行